NIXT vs. REET ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to iShares Global REIT ETF (REET)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

REET

iShares Global REIT ETF

REET Description

The investment seeks to track the investment results of the FTSE EPRA/NAREIT Global REIT Index. The index is designed to track the performance of publicly-listed real estate investment trusts ("REITs") (or their local equivalents) in both developed and emerging markets. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index. The fund seeks to track the investment results of the index before the fees and expenses of the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.84

Average Daily Volume

672,816

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	REET
30 Days	5.30%	-1.22%
60 Days	4.25%	-3.68%
90 Days		0.44%
12 Months		21.53%

15 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in REET	Overlap
APLE	B	0.66%	0.21%	0.21%
BXP	D	0.82%	0.76%	0.76%
DEI	B	0.87%	0.18%	0.18%
ELS	C	0.75%	0.8%	0.75%
EPR	D	0.69%	0.2%	0.2%
FRT	B	0.69%	0.57%	0.57%
HIW	D	0.77%	0.2%	0.2%
HST	C	0.58%	0.74%	0.58%
JBGS	D	0.65%	0.08%	0.08%
MAC	B	0.89%	0.26%	0.26%
PK	B	0.56%	0.18%	0.18%
REG	B	0.79%	0.83%	0.79%
SLG	B	1.0%	0.31%	0.31%
SVC	F	0.27%	0.03%	0.03%
VNO	B	1.0%	0.44%	0.44%

NIXT Overweight 122 Positions Relative to REET

Symbol	Grade	Weight
LUMN	C	4.02%
TDS	B	1.29%
AFRM	B	1.25%
LITE	B	1.19%
HBI	B	1.18%
FTDR	A	1.15%
LBRDK	C	1.13%
BFH	B	1.13%
SIRI	C	1.08%
ACIW	B	1.02%
DNLI	D	1.0%
CHRW	C	0.99%
OMCL	C	0.98%
SNDR	B	0.96%
BKU	A	0.96%
VFC	C	0.95%
GEN	B	0.93%
UAA	C	0.86%
CMA	A	0.85%
SMTC	B	0.82%
NRG	B	0.82%
MKTX	D	0.81%
AMBA	B	0.81%
FHB	A	0.81%
PNM	F	0.81%
SABR	C	0.8%
LOPE	B	0.8%
EQH	B	0.8%
PNW	B	0.8%
CCOI	B	0.8%
LNC	B	0.79%
FNF	B	0.78%
MSGS	A	0.77%
RL	B	0.77%
TNL	A	0.76%
SHC	F	0.75%
OUT	A	0.75%
UHS	D	0.75%
OGS	A	0.75%
PAYC	B	0.75%
MASI	A	0.75%
BIO	D	0.74%
JWN	C	0.74%
TFSL	A	0.74%
RNG	B	0.74%
KMX	B	0.73%
VYX	B	0.73%
DBX	B	0.73%
RIVN	F	0.72%
ALLY	C	0.72%
MP	B	0.72%
CRUS	D	0.72%
ZD	C	0.7%
SAM	C	0.7%
CNA	B	0.7%
NWL	B	0.7%
DXC	B	0.69%
EMN	D	0.69%
HE	C	0.68%
EQC	B	0.68%
FL	F	0.68%
AVT	C	0.68%
ALE	A	0.68%
CTLT	B	0.67%
JBLU	F	0.67%
PINC	B	0.67%
NVST	B	0.66%
YETI	C	0.66%
JKHY	D	0.65%
CAR	C	0.64%
SPR	D	0.63%
HAS	D	0.63%
IAC	D	0.63%
GAP	C	0.63%
HLF	C	0.62%
MTCH	D	0.62%
FMC	D	0.61%
CABO	C	0.61%
NEU	C	0.61%
AMED	F	0.61%
NOMD	D	0.6%
PARA	C	0.59%
ASAN	C	0.59%
RAMP	C	0.58%
NGVT	B	0.58%
HAE	C	0.58%
VAC	B	0.58%
TFX	F	0.57%
SGRY	F	0.57%
NOV	C	0.56%
HP	B	0.54%
AZTA	D	0.54%
ARWR	F	0.53%
PLUG	F	0.53%
HTZ	C	0.51%
ENOV	C	0.51%
CBRL	C	0.51%
MOS	F	0.51%
IART	C	0.5%
VIR	D	0.5%
LCID	F	0.5%
BMBL	C	0.49%
HELE	C	0.46%
ETSY	D	0.46%
CRI	D	0.46%
AEO	F	0.45%
MQ	F	0.44%
NSP	D	0.44%
BBWI	D	0.43%
ACLS	F	0.43%
KSS	F	0.43%
ZI	D	0.42%
XRX	F	0.4%
NTLA	F	0.39%
CVI	F	0.39%
XRAY	F	0.39%
LEG	F	0.39%
MRVI	F	0.37%
QRVO	F	0.35%
TRIP	F	0.32%
SAGE	F	0.22%
AGL	F	0.19%

NIXT Underweight 91 Positions Relative to REET

Symbol	Grade	Weight
PLD	D	-6.51%
EQIX	A	-5.36%
WELL	A	-5.1%
DLR	B	-3.7%
SPG	B	-3.59%
PSA	D	-3.24%
O	D	-3.05%
EXR	D	-2.12%
IRM	D	-2.08%
VICI	C	-2.06%
AVB	B	-1.99%
EQR	B	-1.72%
VTR	C	-1.59%
INVH	D	-1.27%
ESS	B	-1.18%
MAA	B	-1.12%
ARE	D	-1.11%
KIM	A	-1.01%
SUI	D	-0.96%
DOC	D	-0.92%
UDR	B	-0.89%
GLPI	C	-0.8%
AMH	D	-0.78%
CPT	B	-0.77%
WPC	D	-0.75%
CUBE	D	-0.67%
OHI	C	-0.61%
REXR	F	-0.57%
BRX	A	-0.54%
EGP	F	-0.52%
NNN	D	-0.48%
ADC	B	-0.47%
FR	C	-0.43%
HR	C	-0.41%
RHP	B	-0.4%
STAG	F	-0.4%
COLD	D	-0.39%
EPRT	B	-0.36%
KRG	B	-0.36%
TRNO	F	-0.35%
CTRE	D	-0.3%
CUZ	B	-0.29%
PECO	A	-0.29%
IRT	A	-0.29%
KRC	C	-0.28%
SBRA	C	-0.26%
SKT	B	-0.24%
LINE	F	-0.24%
CDP	C	-0.21%
NHI	D	-0.2%
BNL	D	-0.19%
UE	C	-0.18%
IIPR	D	-0.18%
NSA	D	-0.18%
CURB	D	-0.16%
MPW	F	-0.16%
AKR	B	-0.16%
LXP	D	-0.16%
FCPT	C	-0.16%
AHR	A	-0.14%
IVT	B	-0.13%
ROIC	A	-0.13%
SHO	C	-0.12%
DRH	B	-0.11%
GTY	B	-0.1%
LTC	B	-0.1%
ALEX	C	-0.09%
VRE	B	-0.09%
ESRT	C	-0.09%
RLJ	C	-0.09%
SILA	C	-0.09%
PEB	D	-0.09%
GNL	F	-0.09%
XHR	B	-0.09%
NTST	D	-0.08%
AIV	C	-0.08%
UMH	C	-0.08%
AAT	B	-0.08%
ELME	D	-0.08%
CSR	B	-0.07%
PDM	D	-0.07%
DEA	D	-0.07%
NXRT	B	-0.06%
SAFE	D	-0.06%
AHH	D	-0.05%
SITC	D	-0.05%
PGRE	F	-0.05%
BDN	C	-0.05%
INN	D	-0.04%
HPP	F	-0.03%
SAR	A	-0.0%