Fundamental Income Rings NYSE Closing Bell for NETLease Corporate Real Estate ETF (NYSE: NETL)
January 22 2020 - 11:07AM
Business Wire
First Net Lease REIT ETF Surpasses $40M in
Assets Under Management
Fundamental Income, the sponsor of the Fundamental Income Net
Lease Real Estate Index (NETLXT), which powers the NETLease
Corporate Real Estate ETF (NYSE: NETL) (the “Fund”), rang the
Closing Bell at the New York Stock Exchange to commemorate NETL
surpassing $40 million in assets under management as of January 22,
2020.
Launched in partnership with Exchange Traded Concepts on March
22, 2019, NETL remains the first and only ETF to offer investors
pure-play exposure to Net Lease Real Estate Investment Trusts
(REITs), one of the fastest-growing sectors within the REIT space.
Net Lease REITs provide sustainable cash flows and identifiable
growth by leasing their properties through long-term contractual
leases on a net lease basis.
NETL is designed to offer investors pure access to the rapidly
growing public, U.S. net lease real estate sector, which as defined
by NETL, currently includes 23 publicly traded net lease REITs
totaling over $124 billion in cumulative market cap. NETL provides
exposure to over 23,500 properties, over 2,000 tenants and over 40
different classifications of industries.
These Net Lease REITs focus solely on single-tenant,
free-standing properties, and exclude mall and shopping center
REITs, multi-tenant office REITs, multi-family REITs, and
residential REITs, amongst others.
NETL is a passive, rules based ETF that tracks the Fundamental
Income Net Lease Real Estate Index (NETLXT), calculated by NASDAQ.
From March 22, 2019 through December 31, 2019, NETL returned
12.36%.
Performance data represents past performance and does not
guarantee future results. An investor's return and principal value
will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than the original cost. Current performance may
be lower or higher than performance data quoted. Performance data
current to the most recent month-end can be obtained by calling
800-617-0004. The gross expense ratio for NETL is 0.60%.
For more information on Fundamental Income, please visit
www.fundamentalincome.com.
About Fundamental Income
Founded in 2018 and headquartered in Phoenix, Arizona,
Fundamental Income was created to identify and create investment
strategies rooted in solid, understandable fundamentals focused on
generating sustainable income with predictable growth. The
Fundamental Income Net Lease Real Estate Index (NETLXT), calculated
by NASDAQ, was constructed on December 21, 2018 to define and track
the publicly traded Net Lease REIT sector. The firm’s principals
are proven leaders and innovators within the Net Lease REIT
community and have extensive experience in Net Lease Real Estate,
capital markets and credit opportunities with over $13 billion of
transaction experience.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
NETLease ETF please call 1-405-778-8377 or visit the website at
www.Netleaseetf.com. Read the prospectus or summary prospectus
carefully before investing.
Investments involves risk. Principal loss is possible. The
fund may trade at a premium or discount to NAV. Shares of any ETF
are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns. The Index, and consequently the Fund, is expected
to concentrate its investments in real estate companies. As a
result, the value of the Fund's shares may rise and fall more than
the value of shares of a fund that invests in securities of
companies in a broader range of industries.
Investments in real estate companies and REITs involve unique
risks, including limited financial resources, they may trade less
frequently and in limited volume, and they may be more volatile
than other securities. In addition, securities in the real estate
sector are subject to certain risks associated with direct
ownership of real estate and the risk that the value of their
underlying real estate may go down. Companies in the Net Lease Real
Estate sector may be affected by unique factors related to leasing
properties to single tenants including dependence on the financial
performance of its' tenants and lease terms related to rent
escalations based on economic measurements. The fund may invest in
foreign securities which involves political, economic and currency
risks, differences in accounting methods and greater volatility.
Investments in small and mid-sized companies have historically been
subject to greater investment risk than large company
stocks.
Definitions: A Triple Net lease is a form of real-estate lease
agreement where the tenant or lessee is responsible for the ongoing
expenses of the property, including real estate taxes, building
insurance, and maintenance, in addition to paying the rent and
utilities. Cash Flow is the net amount of cash and cash-equivalents
being transferred into and out of a business. The Fundamental
Income Net Lease Real Estate Index is a selection of qualifying
equity REITs that own properties leased to single tenants under
long-term, net lease agreements which specify that the tenant is
responsible for paying rent and most, if not all, property
expenses. It is not possible to invest directly in an index.
The NETLease Corporate Real Estate ETF is distributed by Quasar
Distributors, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20200122005582/en/
Media Contact: Gregory FCA Caitlyn Foster, 610-228-2056
NETL@GregoryFCA.com
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