# Portfolio overlap — NETL vs FRI

Comparing **NETLease Corporate Real Estate ETF** (2026-02-28) and **First Trust S&P REIT Index Fund** (2026-03-31).

- Shared positions: 22
- NETLease Corporate Real Estate ETF covered by First Trust S&P REIT Index Fund: 0.1357276618116995202913450445
- First Trust S&P REIT Index Fund covered by NETLease Corporate Real Estate ETF: 0.1357276618116995202913450446

## NETLease Corporate Real Estate ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| REALTY INCOME CORP REIT | 0.083472 | ✓ |
| WP CAREY INC | 0.079530 | ✓ |
| AGREE REALTY CORP | 0.076791 | ✓ |
| VICI PROPERTIES | 0.075235 | ✓ |
| STAG INDUSTRIAL INC CL A | 0.071663 | ✓ |
| POSTAL REALTY TRUST INC | 0.041888 | ✓ |
| GETTY REALTY CORP | 0.041370 | ✓ |
| GLOBAL NET LEASE INC | 0.041176 | ✓ |
| EPR PROPERTIES | 0.040787 | ✓ |
| NETSTREIT CORP | 0.040664 | ✓ |
| BROADSTONE NET LEASE INC | 0.039604 | ✓ |
| NNN REIT INC | 0.039332 | ✓ |
| ESSENTIAL PROPERTIES REALTY TRUST INC | 0.038471 | ✓ |
| INNOVATIVE INDUS | 0.038434 | ✓ |
| FOUR CORNERS PRO | 0.038096 | ✓ |
| LXP INDUSTRIAL TRUST REIT | 0.036671 | ✓ |
| GLADSTONE COMMERCIAL CORP | 0.036296 | ✓ |
| GAMING AND LEISURE PROPRTI INC | 0.035281 | ✓ |
| SAFEHOLD INC | 0.033510 | ✓ |
| ONE LIBERTY PROPERTIES INC | 0.027584 | ✓ |
| FRONTVIEW REIT INC | 0.019985 | ✓ |
| ALPINE INCOME PROPERTY TRUST INC | 0.014548 | ✓ |
| FRST AM-GV OB-X | 0.009613 |  |

## First Trust S&P REIT Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.113368 |  |
| PROLOGIS INC REIT | 0.100973 |  |
| SIMON PROPERTY | 0.048677 |  |
| EQUINIX INC | 0.048057 |  |
| DIGITAL REALTY TRUST INC | 0.047827 |  |
| REALTY INCOME CORP REIT | 0.046250 | ✓ |
| PUBLIC STORAGE | 0.035163 |  |
| MSILF Treasury Portfolio, Class Institutional | 0.032649 |  |
| VENTAS INC REIT | 0.031921 |  |
| IRON MOUNTAIN INC | 0.024831 |  |
| VICI PROPERTIES | 0.023996 | ✓ |
| EXTRA SPACE STORAGE INC | 0.022873 |  |
| AVALONBAY COMMUNITIES INC REIT | 0.019008 |  |
| EQUITY RESIDENTIAL REIT | 0.016712 |  |
| ESSEX PROPERTY TRUST INC | 0.012817 |  |
| KIMCO REALTY CORPORATION | 0.012448 |  |
| WP CAREY INC | 0.012239 | ✓ |
| SUN COMMUNITIES INC - REIT | 0.012033 |  |
| MID AMERICA APT CMNTY INC | 0.011732 |  |
| INVITATION HOMES INC | 0.011517 |  |
| OMEGA HEALTHCARE INVESTORS INC | 0.010644 |  |
| GAMING AND LEISURE PROPRTI INC | 0.010319 | ✓ |
| REGENCY CENTERS CORP REIT | 0.010235 |  |
| HOST HOTELS & RE | 0.010070 |  |
| EQUITY LIFESTYLE PPTYS INC | 0.009943 |  |
| HEALTHPEAK PROPERTIES INC | 0.009384 |  |
| LAMAR ADVERTISING CO CL A | 0.009042 |  |
| UDR INC | 0.008349 |  |
| CAMDEN PROP TR | 0.008300 |  |
| EASTGROUP PROP | 0.008099 |  |
| AMERICAN HOMES-A | 0.007480 |  |
| AGREE REALTY CORP | 0.007423 | ✓ |
| BRIXMOR PROPERTY | 0.007256 |  |
| AMERICAN HEALTHCARE REIT INC | 0.006875 |  |
| CUBESMART | 0.006868 |  |
| FED REALTY INVS | 0.006853 |  |
| CARETRUST REIT INC | 0.006729 |  |
| NNN REIT INC | 0.006561 | ✓ |
| FIRST INDUSTRIAL REALTY TRUST | 0.006301 |  |
| BXP INC | 0.006289 |  |
| REXFORD INDUSTRIAL REALTY INC | 0.006192 |  |
| ALEXANDRIA REAL ES EQ INC REIT | 0.005950 |  |
| STAG INDUSTRIAL INC CL A | 0.005661 | ✓ |
| TERRENO REALTY CORP | 0.005259 |  |
| ESSENTIAL PROPERTIES REALTY TRUST INC | 0.005237 | ✓ |
| HEALTHCARE REALTY TRUST INC | 0.004871 |  |
| RYMAN HOSPITALITY PPTYS INC | 0.004778 |  |
| KITE REALTY GROUP TRUST | 0.004368 |  |
| SABRA HEALTHCARE REIT INC | 0.003985 |  |
| MACERICH COMPANY | 0.003978 |  |


## Sources

- N-PORT (fund A) — accession `0001193125-26-181040` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1540305/000119312526181040/0001193125-26-181040-index.htm>
- N-PORT (fund B) — accession `0000940400-26-021490` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1329377/000094040026021490/0000940400-26-021490-index.htm>

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