BBRE vs. NETL ETF Comparison

Comparison of JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) to NETLease Corporate Real Estate ETF (NETL)

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

$98.80

Average Daily Volume

38,674

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

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

$25.25

Average Daily Volume

5,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BBRE	NETL
30 Days	0.98%	-3.73%
60 Days	1.19%	-4.35%
90 Days	6.48%	0.75%
12 Months	32.01%	20.81%

18 Overlapping Holdings

Symbol	Grade	Weight in BBRE	Weight in NETL	Overlap
ADC	D	0.58%	4.23%	0.58%
BNL	D	0.27%	4.0%	0.27%
EPR	D	0.3%	3.98%	0.3%
EPRT	D	0.4%	4.15%	0.4%
FCPT	D	0.21%	3.57%	0.21%
GLPI	D	1.14%	3.55%	1.14%
GNL	D	0.14%	3.71%	0.14%
GOOD	B	0.06%	4.37%	0.06%
GTY	C	0.11%	4.13%	0.11%
IIPR	D	0.33%	4.38%	0.33%
LXP	D	0.23%	3.74%	0.23%
NNN	F	0.67%	7.69%	0.67%
NTST	F	0.08%	3.77%	0.08%
O	D	3.87%	7.96%	3.87%
OLP	B	0.05%	3.92%	0.05%
STAG	D	0.58%	7.57%	0.58%
VICI	D	2.69%	7.9%	2.69%
WPC	F	1.01%	7.69%	1.01%

BBRE Overweight 96 Positions Relative to NETL

Symbol	Grade	Weight
PLD	F	8.89%
EQIX	B	7.26%
WELL	B	6.07%
SPG	B	4.58%
DLR	C	4.53%
PSA	D	4.37%
IRM	C	3.18%
EXR	D	3.08%
AVB	C	2.76%
VTR	C	2.24%
EQR	D	2.2%
INVH	F	1.72%
ESS	C	1.64%
MAA	D	1.56%
ARE	F	1.55%
SUI	F	1.44%
KIM	B	1.44%
DOC	B	1.36%
UDR	D	1.23%
HST	C	1.1%
ELS	D	1.08%
REG	B	1.07%
BXP	C	1.06%
CPT	D	1.04%
AMH	D	0.98%
CUBE	D	0.96%
OHI	C	0.83%
BRX	B	0.74%
FRT	C	0.73%
REXR	F	0.7%
EGP	F	0.66%
VNO	A	0.62%
COLD	F	0.62%
FR	D	0.61%
KRG	B	0.52%
RHP	B	0.5%
SLG	A	0.45%
TRNO	F	0.41%
CUZ	B	0.41%
PECO	B	0.4%
IRT	C	0.39%
SBRA	B	0.38%
KRC	B	0.37%
MAC	B	0.36%
NSA	D	0.33%
CDP	C	0.32%
SKT	A	0.31%
HIW	C	0.31%
NHI	D	0.3%
DEI	B	0.29%
APLE	B	0.28%
PK	D	0.28%
CTRE	C	0.27%
UE	B	0.24%
MPW	D	0.24%
AKR	B	0.21%
IVT	A	0.2%
ROIC	A	0.19%
EQC	C	0.19%
SHO	B	0.19%
JBGS	D	0.16%
DRH	B	0.16%
XHR	B	0.15%
ESRT	C	0.14%
LTC	B	0.14%
PEB	D	0.14%
ALEX	B	0.13%
AAT	B	0.13%
RLJ	D	0.13%
ELME	D	0.13%
AIV	D	0.12%
VRE	B	0.12%
PDM	B	0.11%
CSR	C	0.1%
DEA	C	0.1%
NXRT	C	0.09%
UMH	D	0.09%
PLYM	F	0.08%
PGRE	C	0.08%
AHH	D	0.08%
BDN	C	0.08%
HPP	F	0.06%
INN	D	0.06%
FPI	B	0.06%
WSR	B	0.06%
ALX	D	0.05%
UHT	D	0.05%
GMRE	D	0.05%
BFS	B	0.05%
CLDT	C	0.04%
CBL	B	0.04%
CHCT	C	0.04%
LAND	D	0.04%
SVC	F	0.04%
PKST	C	0.03%
DHC	F	0.03%

BBRE Underweight 2 Positions Relative to NETL

	Symbol	Grade	Weight
	PSTL	B	-3.53%
	PINE	D	-1.7%