NETL vs. USRT ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to iShares Core U.S. REIT ETF (USRT)

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

$22.15

Average Daily Volume

13,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USRT

iShares Core U.S. REIT ETF

USRT Description

The iShares Core U.S. REIT ETF seeks to track the investment results of an index composed of U.S. real estate equities.

Grade (RS Rating)

Last Trade

$49.39

Average Daily Volume

197,559

Number of Holdings ^*

130

* may have additional holdings in another (foreign) market

Performance

Period	NETL	USRT
30 Days	-3.15%	-6.06%
60 Days	-3.35%	-5.56%
90 Days	-7.03%	-6.24%
12 Months	-4.48%	1.50%

20 Overlapping Holdings

Symbol	Grade	Weight in NETL	Weight in USRT	Overlap
ADC	D	4.04%	0.55%	0.55%
BNL	D	3.91%	0.27%	0.27%
EPR	D	3.92%	0.3%	0.3%
EPRT	A	4.22%	0.39%	0.39%
FCPT	D	3.34%	0.21%	0.21%
GLPI	F	3.36%	1.08%	1.08%
GNL	F	4.02%	0.13%	0.13%
GOOD	A	4.21%	0.05%	0.05%
GTY	D	3.96%	0.12%	0.12%
IIPR	B	3.99%	0.27%	0.27%
LXP	D	4.08%	0.26%	0.26%
NNN	C	7.95%	0.73%	0.73%
NTST	D	4.06%	0.12%	0.12%
O	D	7.92%	4.25%	4.25%
OLP	A	3.92%	0.04%	0.04%
PINE	D	1.75%	0.02%	0.02%
PSTL	D	3.26%	0.03%	0.03%
STAG	D	7.83%	0.66%	0.66%
VICI	D	7.56%	2.84%	2.84%
WPC	D	7.78%	1.17%	1.17%

NETL Overweight 0 Positions Relative to USRT

	Symbol	Grade	Weight

NETL Underweight 110 Positions Relative to USRT

Symbol	Grade	Weight
PLD	D	-10.79%
EQIX	D	-7.01%
WELL	C	-4.89%
SPG	C	-4.61%
DLR	C	-4.23%
PSA	D	-4.19%
EXR	B	-2.89%
AVB	A	-2.56%
EQR	B	-2.26%
IRM	B	-2.16%
ARE	B	-2.07%
INVH	B	-2.04%
VTR	D	-1.68%
ESS	B	-1.5%
SUI	D	-1.46%
MAA	D	-1.46%
HST	C	-1.37%
DOC	A	-1.28%
UDR	D	-1.18%
KIM	D	-1.17%
AMH	C	-1.16%
ELS	F	-1.06%
REG	D	-1.04%
CPT	C	-1.0%
CUBE	B	-0.96%
REXR	F	-0.96%
LAMR	B	-0.95%
BXP	D	-0.93%
FRT	C	-0.79%
EGP	D	-0.77%
OHI	C	-0.73%
COLD	F	-0.67%
FR	D	-0.66%
BRX	D	-0.63%
RHP	C	-0.63%
AIRC	A	-0.55%
HR	D	-0.53%
TRNO	D	-0.53%
VNO	B	-0.48%
KRG	D	-0.43%
PECO	D	-0.39%
KRC	D	-0.38%
PK	B	-0.35%
IRT	A	-0.35%
MAC	C	-0.34%
APLE	D	-0.33%
CUZ	C	-0.33%
SLG	A	-0.32%
SBRA	C	-0.31%
CTRE	A	-0.28%
SKT	C	-0.27%
NSA	B	-0.27%
SITC	C	-0.26%
HIW	B	-0.25%
CDP	D	-0.25%
NHI	A	-0.24%
OUT	B	-0.23%
MPW	B	-0.23%
SHO	C	-0.22%
DEI	D	-0.19%
DRH	C	-0.19%
PEB	D	-0.18%
UE	D	-0.18%
AKR	A	-0.17%
RLJ	C	-0.17%
IVT	D	-0.16%
ROIC	D	-0.15%
XHR	B	-0.15%
JBGS	D	-0.14%
ELME	A	-0.13%
LTC	B	-0.13%
ESRT	D	-0.12%
DEA	D	-0.11%
VRE	D	-0.11%
ALEX	F	-0.11%
AIV	A	-0.11%
PLYM	D	-0.1%
AAT	C	-0.1%
SVC	F	-0.1%
PGRE	D	-0.09%
CSR	A	-0.09%
SAFE	F	-0.09%
UMH	B	-0.09%
PDM	B	-0.08%
HPP	F	-0.08%
CHCT	F	-0.07%
INN	B	-0.07%
AHH	D	-0.07%
NXRT	C	-0.07%
BDN	C	-0.07%
CBL	D	-0.06%
DHC	F	-0.06%
FPI	D	-0.05%
CLDT	F	-0.05%
ALX	B	-0.05%
PKST	F	-0.05%
GMRE	D	-0.05%
WSR	D	-0.05%
CTO	A	-0.04%
BFS	D	-0.04%
UHT	F	-0.04%
LAND	F	-0.04%
ILPT	D	-0.03%
NLOP	D	-0.03%
BHR	B	-0.02%
CIO	D	-0.02%
ONL	F	-0.02%
NXDT	F	-0.02%
BRT	B	-0.02%
OPI	F	-0.01%