NETL vs. ICF ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to iShares Cohen & Steers REIT ETF (ICF)

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.57

Average Daily Volume

6,252

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ICF

iShares Cohen & Steers REIT ETF

ICF Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index consists of selected real estate investment trusts ("REITs"). The objective of the underlying index is to represent relatively large and liquid REITs that may benefit from future consolidation and securitization of the U.S. real estate industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.72

Average Daily Volume

147,540

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETL	ICF
30 Days	-4.49%	-0.90%
60 Days	-5.77%	-2.43%
90 Days	-1.07%	2.59%
12 Months	17.99%	24.17%

2 Overlapping Holdings

	Symbol	Grade	Weight in NETL	Weight in ICF	Overlap
	O	D	7.67%	4.79%	4.79%
	VICI	C	7.76%	3.56%	3.56%

NETL Overweight 18 Positions Relative to ICF

Symbol	Grade	Weight
WPC	C	7.83%
STAG	D	7.63%
NNN	C	7.55%
GOOD	B	4.66%
ADC	A	4.3%
EPRT	A	4.29%
OLP	B	4.2%
GTY	A	4.17%
NTST	D	4.0%
BNL	D	3.99%
EPR	D	3.95%
LXP	D	3.88%
GNL	D	3.79%
PSTL	D	3.62%
FCPT	C	3.58%
IIPR	F	3.54%
GLPI	C	3.47%
PINE	D	1.71%

NETL Underweight 28 Positions Relative to ICF

Symbol	Grade	Weight
EQIX	A	-8.37%
WELL	A	-7.89%
PLD	D	-7.27%
AMT	D	-6.52%
DLR	A	-4.95%
SPG	A	-4.91%
PSA	D	-4.7%
CCI	C	-4.39%
EXR	C	-3.75%
IRM	C	-3.64%
AVB	B	-3.57%
EQR	C	-2.85%
SBAC	D	-2.65%
ESS	B	-2.29%
INVH	D	-2.23%
MAA	B	-2.18%
ARE	F	-2.02%
KIM	A	-2.02%
SUI	C	-1.74%
UDR	C	-1.72%
ELS	B	-1.67%
HST	D	-1.59%
REG	A	-1.56%
BXP	D	-1.55%
AMH	C	-1.54%
LAMR	D	-1.49%
REXR	F	-1.2%
FRT	B	-1.19%