NETL vs. FXED ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to Sound Enhanced Fixed Income ETF (FXED)

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

$25.49

Average Daily Volume

6,169

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.75

Average Daily Volume

7,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETL	FXED
30 Days	-4.21%	-1.83%
60 Days	-5.28%	-2.03%
90 Days	-2.54%	0.36%
12 Months	17.80%	12.47%

5 Overlapping Holdings

Symbol	Grade	Weight in NETL	Weight in FXED	Overlap
GLPI	C	3.47%	0.33%	0.33%
NNN	C	7.55%	0.69%	0.69%
O	C	7.67%	1.11%	1.11%
PINE	C	1.71%	1.0%	1.0%
VICI	C	7.76%	1.41%	1.41%

NETL Overweight 15 Positions Relative to FXED

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

NETL Underweight 19 Positions Relative to FXED

Symbol	Grade	Weight
HTGC	D	-3.47%
ARCC	A	-3.35%
GBDC	D	-2.87%
AWF	C	-2.86%
PFLT	D	-2.77%
TSLX	C	-2.54%
CMSD	C	-2.29%
SPG	A	-2.19%
SOJD	D	-2.09%
PCY	C	-2.07%
HYEM	A	-1.98%
T	A	-1.95%
WHF	F	-1.25%
OHI	C	-1.12%
PLYM	F	-1.12%
BXSL	A	-1.06%
NHI	D	-0.55%
PK	C	-0.55%
APLE	B	-0.41%