TOTL vs. BBRE ETF Comparison

Comparison of SPDR DoubleLine Total Return Tactical ETF (TOTL) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

TOTL

SPDR DoubleLine Total Return Tactical ETF

TOTL Description

The investment seeks to maximize total return. Under normal circumstances, the fund invests substantially all of its assets in the State Street DoubleLine Total Return Tactical Portfolio (the "Portfolio"), a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, it invests indirectly through the Portfolio. Under normal circumstances, DoubleLine Capital LP (the "Sub-Adviser" or "DoubleLine") will invest at least 80% of the Portfolio&#39;s net assets in a portfolio of fixed income securities of any credit quality. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.50

Average Daily Volume

335,854

Number of Holdings ^*

226

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$100.17

Average Daily Volume

19,991

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	TOTL	BBRE
30 Days	1.17%	2.82%
60 Days	3.96%	8.25%
90 Days	5.34%	15.08%
12 Months	12.10%	33.36%

11 Overlapping Holdings

Symbol	Grade	Weight in TOTL	Weight in BBRE	Overlap
ARE	C	0.08%	1.66%	0.08%
BXP	C	0.1%	1.04%	0.1%
FR	C	0.06%	0.64%	0.06%
GOOD	B	0.11%	0.06%	0.06%
IRM	C	0.01%	2.91%	0.01%
PK	D	0.01%	0.29%	0.01%
SLG	C	0.06%	0.41%	0.06%
VICI	C	0.0%	2.73%	0.0%
VNO	B	0.02%	0.55%	0.02%
WELL	C	0.06%	5.65%	0.06%
XHR	B	0.01%	0.14%	0.01%

TOTL Overweight 215 Positions Relative to BBRE

Symbol	Grade	Weight
FNA	F	0.4%
LMAT	B	0.28%
RY	A	0.17%
MS	B	0.12%
TMO	B	0.12%
GS	B	0.12%
C	C	0.12%
VZ	A	0.1%
ACR	C	0.1%
JPM	D	0.1%
DUK	B	0.09%
TXT	D	0.09%
GTE	F	0.08%
EXPE	C	0.08%
RPRX	C	0.07%
UPST	C	0.07%
OMC	B	0.06%
PWR	B	0.06%
ARW	B	0.06%
AL	C	0.06%
DFS	C	0.06%
CCI	C	0.06%
NEE	B	0.06%
AMGN	D	0.06%
ORCL	B	0.06%
CI	C	0.06%
CSX	C	0.06%
SO	B	0.06%
BA	F	0.06%
MUFG	D	0.06%
VNT	F	0.06%
CMCSA	C	0.06%
WFC	D	0.06%
DLTR	F	0.06%
BG	F	0.06%
MAR	B	0.06%
BERY	B	0.06%
AVGO	C	0.06%
WRK	C	0.06%
DG	F	0.06%
DELL	C	0.06%
ABBV	B	0.06%
EPD	C	0.06%
WTRG	D	0.06%
HD	B	0.05%
S	D	0.05%
GP	D	0.05%
WMB	C	0.04%
VLO	F	0.04%
AEP	C	0.04%
XOM	D	0.04%
CHT	B	0.04%
BRO	C	0.04%
FE	B	0.03%
SEM	D	0.03%
GM	C	0.03%
USAC	D	0.03%
CARR	B	0.03%
HCA	B	0.03%
DD	B	0.03%
NTAP	D	0.03%
SYY	C	0.03%
VOYA	B	0.03%
FDX	D	0.03%
GFF	C	0.03%
HAL	F	0.03%
MPLX	B	0.03%
ET	C	0.03%
GE	C	0.03%
BCC	C	0.03%
VSAT	F	0.02%
PPC	D	0.02%
EQT	C	0.02%
GOGO	F	0.02%
PFSI	C	0.02%
KAR	D	0.02%
MATV	D	0.02%
FTAI	B	0.02%
CRI	D	0.02%
SXC	F	0.02%
SAH	D	0.02%
OVV	F	0.02%
NRG	B	0.02%
VTRS	D	0.02%
DNB	D	0.02%
RDNT	B	0.02%
SLGN	B	0.02%
WOOF	C	0.02%
BYD	C	0.02%
OGN	D	0.02%
BALY	C	0.02%
JELD	D	0.02%
SIX	B	0.02%
AXL	F	0.02%
BHF	F	0.02%
PCG	C	0.02%
KHC	C	0.02%
MSC	D	0.02%
T	B	0.02%
CLH	C	0.01%
TSQ	F	0.01%
BTU	C	0.01%
CVNA	B	0.01%
BECN	F	0.01%
VVI	C	0.01%
FLL	F	0.01%
SKIL	C	0.01%
STX	B	0.01%
PLYA	D	0.01%
EAF	D	0.01%
BIDU	C	0.01%
GPI	B	0.01%
CNX	B	0.01%
DAL	C	0.01%
RH	C	0.01%
SLCA	B	0.01%
BGS	D	0.01%
WFRD	F	0.01%
UAN	F	0.01%
SBGI	C	0.01%
MODV	F	0.01%
TGI	F	0.01%
NAVI	D	0.01%
MUSA	D	0.01%
NBR	F	0.01%
AM	B	0.01%
DVA	B	0.01%
NXST	D	0.01%
INFA	D	0.01%
ATKR	F	0.01%
GDEN	D	0.01%
UNIT	C	0.01%
SPH	D	0.01%
AR	C	0.01%
CTLT	B	0.01%
MHO	B	0.01%
VNOM	D	0.01%
APA	F	0.01%
CCS	C	0.01%
WMS	D	0.01%
WH	B	0.01%
SPB	B	0.01%
LUMN	C	0.01%
EBS	D	0.01%
YUM	B	0.01%
CNSL	A	0.01%
GPOR	C	0.01%
COTY	D	0.01%
BLDR	C	0.01%
NEXA	C	0.01%
GLT	C	0.01%
GT	F	0.01%
WES	D	0.01%
SWN	C	0.01%
CHK	C	0.01%
FUN	F	0.01%
SSP	F	0.01%
IBP	C	0.01%
SMG	B	0.01%
NFLX	B	0.01%
CYH	C	0.01%
PFGC	B	0.01%
APG	F	0.01%
MGM	D	0.01%
UNFI	B	0.01%
SIRI	C	0.01%
UBER	C	0.01%
NCLH	B	0.01%
JAZZ	D	0.01%
AES	C	0.01%
PENN	D	0.01%
VSCO	C	0.01%
NGL	D	0.01%
THC	C	0.01%
IEP	F	0.01%
OXY	F	0.01%
LYV	A	0.01%
STZ	C	0.01%
BNS	B	0.01%
CNC	D	0.01%
COMM	C	0.01%
CHTR	D	0.01%
BAC	D	0.01%
TMUS	B	0.01%
KSA	B	0.01%
TRTX	D	0.01%
F	F	0.01%
BX	C	0.01%
GNR	B	0.01%
HLT	B	0.0%
CMCO	D	0.0%
TROX	D	0.0%
WD	B	0.0%
UCTT	D	0.0%
ICLR	F	0.0%
EXC	B	0.0%
CCO	D	0.0%
IHRT	D	0.0%
SUN	D	0.0%
DAN	D	0.0%
URI	B	0.0%
OMF	D	0.0%
FYBR	C	0.0%
CZR	C	0.0%
EHC	B	0.0%
EVRI	B	0.0%
OPCH	C	0.0%
POST	B	0.0%
UAL	B	0.0%
CCL	C	0.0%
RIG	F	0.0%
AAL	D	0.0%
TDG	B	0.0%
HESM	D	0.0%
FN	C	0.0%

TOTL Underweight 100 Positions Relative to BBRE

Symbol	Grade	Weight
PLD	C	-9.73%
EQIX	B	-6.78%
PSA	C	-4.56%
SPG	B	-4.25%
O	B	-4.03%
DLR	B	-3.9%
EXR	C	-3.27%
AVB	C	-2.77%
EQR	C	-2.32%
VTR	C	-2.2%
INVH	D	-1.88%
ESS	C	-1.74%
MAA	C	-1.63%
SUI	C	-1.52%
KIM	C	-1.36%
DOC	B	-1.32%
UDR	C	-1.29%
WPC	C	-1.14%
GLPI	C	-1.13%
ELS	D	-1.12%
HST	D	-1.1%
CPT	C	-1.09%
AMH	D	-1.08%
REG	C	-1.05%
CUBE	C	-1.04%
OHI	C	-0.83%
REXR	C	-0.81%
NNN	B	-0.75%
BRX	C	-0.73%
FRT	C	-0.73%
EGP	C	-0.71%
COLD	D	-0.66%
STAG	D	-0.61%
ADC	C	-0.58%
KRG	C	-0.51%
RHP	C	-0.47%
TRNO	D	-0.45%
EPRT	B	-0.42%
IRT	C	-0.41%
PECO	C	-0.39%
SBRA	C	-0.38%
CUZ	C	-0.38%
KRC	C	-0.37%
NSA	C	-0.36%
IIPR	B	-0.33%
EPR	C	-0.32%
NHI	C	-0.32%
MPW	C	-0.31%
MAC	B	-0.31%
HIW	C	-0.3%
SKT	B	-0.29%
BNL	B	-0.28%
APLE	C	-0.27%
DEI	B	-0.26%
CTRE	C	-0.26%
LXP	C	-0.24%
FCPT	C	-0.23%
UE	C	-0.22%
SHO	C	-0.19%
AKR	B	-0.19%
EQC	D	-0.19%
IVT	D	-0.18%
JBGS	C	-0.17%
ROIC	C	-0.17%
PEB	D	-0.16%
DRH	C	-0.16%
GNL	D	-0.15%
ESRT	C	-0.14%
AAT	C	-0.13%
AIV	C	-0.13%
ALEX	C	-0.13%
RLJ	D	-0.13%
LTC	C	-0.13%
DEA	D	-0.11%
PDM	C	-0.11%
GTY	C	-0.11%
NXRT	D	-0.1%
UMH	C	-0.1%
CSR	D	-0.1%
PLYM	D	-0.09%
NTST	D	-0.08%
PGRE	D	-0.08%
BDN	C	-0.08%
HPP	F	-0.07%
SVC	F	-0.07%
AHH	D	-0.07%
UHT	C	-0.06%
WSR	D	-0.06%
GMRE	C	-0.06%
INN	B	-0.06%
LAND	D	-0.05%
OLP	C	-0.05%
FPI	D	-0.05%
ALX	B	-0.05%
BFS	B	-0.05%
CLDT	D	-0.04%
CHCT	F	-0.04%
DHC	C	-0.04%
CBL	D	-0.03%
PKST	D	-0.03%