NIXT vs. PPTY ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to PPTY U.S. Diversified Real Estate ETF (PPTY)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). 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. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$34.08

Average Daily Volume

47,858

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	PPTY
30 Days	5.30%	0.24%
60 Days	4.25%	0.01%
90 Days		3.80%
12 Months		30.04%

12 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in PPTY	Overlap
APLE	B	0.66%	0.42%	0.42%
BXP	D	0.82%	0.91%	0.82%
DEI	B	0.87%	0.56%	0.56%
ELS	C	0.75%	0.75%	0.75%
EQC	B	0.68%	1.0%	0.68%
FRT	B	0.69%	1.5%	0.69%
HIW	D	0.77%	2.4%	0.77%
HST	C	0.58%	0.63%	0.58%
JBGS	D	0.65%	0.09%	0.09%
REG	B	0.79%	1.74%	0.79%
SLG	B	1.0%	1.28%	1.0%
VNO	B	1.0%	0.14%	0.14%

NIXT Overweight 125 Positions Relative to PPTY

Symbol	Grade	Weight
LUMN	C	4.02%
TDS	B	1.29%
AFRM	B	1.25%
LITE	B	1.19%
HBI	B	1.18%
FTDR	A	1.15%
LBRDK	C	1.13%
BFH	B	1.13%
SIRI	C	1.08%
ACIW	B	1.02%
DNLI	D	1.0%
CHRW	C	0.99%
OMCL	C	0.98%
SNDR	B	0.96%
BKU	A	0.96%
VFC	C	0.95%
GEN	B	0.93%
MAC	B	0.89%
UAA	C	0.86%
CMA	A	0.85%
SMTC	B	0.82%
NRG	B	0.82%
MKTX	D	0.81%
AMBA	B	0.81%
FHB	A	0.81%
PNM	F	0.81%
SABR	C	0.8%
LOPE	B	0.8%
EQH	B	0.8%
PNW	B	0.8%
CCOI	B	0.8%
LNC	B	0.79%
FNF	B	0.78%
MSGS	A	0.77%
RL	B	0.77%
TNL	A	0.76%
SHC	F	0.75%
OUT	A	0.75%
UHS	D	0.75%
OGS	A	0.75%
PAYC	B	0.75%
MASI	A	0.75%
BIO	D	0.74%
JWN	C	0.74%
TFSL	A	0.74%
RNG	B	0.74%
KMX	B	0.73%
VYX	B	0.73%
DBX	B	0.73%
RIVN	F	0.72%
ALLY	C	0.72%
MP	B	0.72%
CRUS	D	0.72%
ZD	C	0.7%
SAM	C	0.7%
CNA	B	0.7%
NWL	B	0.7%
EPR	D	0.69%
DXC	B	0.69%
EMN	D	0.69%
HE	C	0.68%
FL	F	0.68%
AVT	C	0.68%
ALE	A	0.68%
CTLT	B	0.67%
JBLU	F	0.67%
PINC	B	0.67%
NVST	B	0.66%
YETI	C	0.66%
JKHY	D	0.65%
CAR	C	0.64%
SPR	D	0.63%
HAS	D	0.63%
IAC	D	0.63%
GAP	C	0.63%
HLF	C	0.62%
MTCH	D	0.62%
FMC	D	0.61%
CABO	C	0.61%
NEU	C	0.61%
AMED	F	0.61%
NOMD	D	0.6%
PARA	C	0.59%
ASAN	C	0.59%
RAMP	C	0.58%
NGVT	B	0.58%
HAE	C	0.58%
VAC	B	0.58%
TFX	F	0.57%
SGRY	F	0.57%
NOV	C	0.56%
PK	B	0.56%
HP	B	0.54%
AZTA	D	0.54%
ARWR	F	0.53%
PLUG	F	0.53%
HTZ	C	0.51%
ENOV	C	0.51%
CBRL	C	0.51%
MOS	F	0.51%
IART	C	0.5%
VIR	D	0.5%
LCID	F	0.5%
BMBL	C	0.49%
HELE	C	0.46%
ETSY	D	0.46%
CRI	D	0.46%
AEO	F	0.45%
MQ	F	0.44%
NSP	D	0.44%
BBWI	D	0.43%
ACLS	F	0.43%
KSS	F	0.43%
ZI	D	0.42%
XRX	F	0.4%
NTLA	F	0.39%
CVI	F	0.39%
XRAY	F	0.39%
LEG	F	0.39%
MRVI	F	0.37%
QRVO	F	0.35%
TRIP	F	0.32%
SVC	F	0.27%
SAGE	F	0.22%
AGL	F	0.19%

NIXT Underweight 80 Positions Relative to PPTY

Symbol	Grade	Weight
EQIX	A	-4.33%
AVB	B	-4.12%
DLR	B	-3.91%
PLD	D	-3.58%
ARE	D	-3.47%
FCPT	C	-3.35%
EQR	B	-2.93%
SPG	B	-2.86%
WELL	A	-2.71%
DEA	D	-2.56%
MAR	B	-2.32%
AMH	D	-2.31%
UDR	B	-2.09%
TRNO	F	-2.05%
ESS	B	-2.03%
MAA	B	-1.9%
HLT	A	-1.83%
CDP	C	-1.74%
IRT	A	-1.71%
STAG	F	-1.58%
CUZ	B	-1.54%
CPT	B	-1.49%
COLD	D	-1.45%
KIM	A	-1.44%
AAT	B	-1.44%
VTR	C	-1.36%
EGP	F	-1.31%
AKR	B	-1.27%
ESRT	C	-1.26%
SKT	B	-1.12%
IIPR	D	-1.12%
WPC	D	-1.1%
FR	C	-0.98%
SUI	D	-0.94%
PSA	D	-0.86%
INVH	D	-0.83%
KRG	B	-0.8%
PECO	A	-0.8%
ADC	B	-0.78%
GTY	B	-0.76%
DOC	D	-0.73%
OHI	C	-0.71%
H	B	-0.68%
EXR	D	-0.6%
WH	B	-0.56%
RHP	B	-0.53%
O	D	-0.51%
CHH	A	-0.5%
SBRA	C	-0.45%
CTRE	D	-0.43%
NHI	D	-0.41%
DBRG	F	-0.4%
NTST	D	-0.4%
CSR	B	-0.37%
IVT	B	-0.36%
LTC	B	-0.35%
SHO	C	-0.34%
NHC	C	-0.32%
UMH	C	-0.29%
CUBE	D	-0.28%
NSA	D	-0.24%
AHH	D	-0.24%
ALEX	C	-0.19%
ROIC	A	-0.19%
CHCT	C	-0.18%
DRH	B	-0.11%
KRC	C	-0.11%
UE	C	-0.11%
BRX	A	-0.11%
ELME	D	-0.1%
BFS	C	-0.1%
BNL	D	-0.1%
XHR	B	-0.1%
EPRT	B	-0.1%
GMRE	F	-0.09%
NNN	D	-0.09%
LXP	D	-0.09%
AIV	C	-0.09%
PLYM	F	-0.08%
REXR	F	-0.08%