NETL vs. RINC ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to AXS Real Estate Income ETF (RINC)

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

$25.56

Average Daily Volume

5,931

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.28

Average Daily Volume

3,909

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETL	RINC
30 Days	-4.05%	0.77%
60 Days	-5.37%	-4.61%
90 Days	-2.28%	-2.72%
12 Months	18.12%	5.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in NETL	Weight in RINC	Overlap

NETL Overweight 20 Positions Relative to RINC

Symbol	Grade	Weight
VICI	C	8.02%
WPC	D	7.88%
NNN	D	7.81%
O	D	7.65%
STAG	F	7.41%
GOOD	B	4.59%
ADC	B	4.41%
EPRT	B	4.39%
GTY	B	4.3%
OLP	B	4.17%
NTST	D	4.0%
EPR	D	3.9%
BNL	D	3.89%
FCPT	C	3.73%
LXP	D	3.7%
GLPI	C	3.55%
IIPR	D	3.54%
GNL	F	3.53%
PSTL	D	3.49%
PINE	C	1.68%

NETL Underweight 16 Positions Relative to RINC

Symbol	Grade	Weight
BRSP	B	-5.1%
TRTX	B	-4.9%
LADR	B	-4.7%
ABR	C	-4.69%
FBRT	C	-4.66%
STWD	C	-4.62%
ARI	C	-4.62%
BXMT	C	-4.54%
RC	D	-4.42%
KREF	D	-4.41%
EFC	C	-4.22%
RWT	D	-4.07%
CMTG	F	-3.93%
DX	B	-3.84%
AGNC	D	-3.57%
PMT	D	-3.56%