NETL vs. REAI ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to Intelligent Real Estate ETF (REAI)
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 *

20

* may have additional holdings in another (foreign) market
REAI

Intelligent Real Estate ETF

REAI Description REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$22.09

Average Daily Volume

273

Number of Holdings *

60

* may have additional holdings in another (foreign) market
Performance
Period NETL REAI
30 Days -4.21% -2.15%
60 Days -5.28% -2.40%
90 Days -2.54% 0.37%
12 Months 17.80% 27.07%
7 Overlapping Holdings
Symbol Grade Weight in NETL Weight in REAI Overlap
EPR C 3.95% 1.49% 1.49%
GLPI C 3.47% 1.55% 1.55%
GOOD B 4.66% 1.68% 1.68%
IIPR D 3.54% 1.28% 1.28%
NNN C 7.55% 1.42% 1.42%
OLP B 4.2% 1.68% 1.68%
STAG D 7.63% 1.57% 1.57%
NETL Overweight 13 Positions Relative to REAI
Symbol Grade Weight
WPC C 7.83%
VICI C 7.76%
O C 7.67%
ADC A 4.3%
EPRT B 4.29%
GTY A 4.17%
NTST C 4.0%
BNL D 3.99%
LXP D 3.88%
GNL F 3.79%
PSTL D 3.62%
FCPT C 3.58%
PINE C 1.71%
NETL Underweight 53 Positions Relative to REAI
Symbol Grade Weight
CHCT C -1.83%
SLG B -1.8%
UE B -1.75%
LTC B -1.73%
CBL B -1.72%
BRX A -1.71%
ESS B -1.71%
NXRT B -1.71%
SKT A -1.7%
ELS C -1.7%
MAC B -1.7%
DEI B -1.69%
EQIX A -1.68%
SPG A -1.68%
APLE B -1.65%
KRC B -1.65%
AAT B -1.65%
MAA B -1.65%
DRH B -1.64%
SBRA C -1.64%
VTR B -1.64%
FRT B -1.64%
UDR B -1.64%
CPT B -1.63%
XHR B -1.62%
RHP B -1.62%
AHH D -1.62%
OHI C -1.61%
INVH D -1.6%
NHI D -1.59%
UHT D -1.58%
BFS C -1.58%
HST C -1.58%
DOC C -1.58%
PDM D -1.57%
FR D -1.56%
PSA C -1.56%
CDP C -1.56%
ESRT C -1.55%
BXP C -1.55%
EGP D -1.55%
CUBE C -1.55%
LAMR C -1.54%
SUI C -1.54%
HIW C -1.53%
ALX D -1.53%
CCI C -1.51%
IRM C -1.51%
BDN C -1.47%
AMT C -1.44%
PLYM F -1.43%
OPI F -0.99%
SVC F -0.96%
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