Fundamental Income’s Net Lease Real Estate ETF (NETL) Earns 5-Star Overall Rating from Morningstar

Rhea-AI Summary

Fundamental Income's Net Lease Real Estate ETF (NETL) receives a 5-star rating from Morningstar based on risk-adjusted returns. NETL ranks 7th among real estate funds for both the 3-year and 1-year periods.

Positive

• Fundamental Income's Net Lease Real Estate ETF (NETL) receives a 5-star rating from Morningstar, indicating strong risk-adjusted returns.
• NETL ranks 7th among 233 real estate funds for the 3-year period and 7th among 257 funds for the 1-year period.
• The triple net lease model has consistently delivered income and long-term growth compared to other areas of commercial real estate.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Fundamental Income, a Phoenix-based ETF provider and private real estate platform, announced its Net Lease Real Estate ETF (NYSE: NETL) was awarded a 5-star overall rating from Morningstar based on risk-adjusted returns of 233 Real Estate funds as of 3/31/23. NETL ranked 7th among 233 funds for the 3-year period and 7th among 257 funds for the 1-year period in the Real Estate category as of 3/31/23.

“We are pleased to see the net lease real estate sector produce strong risk-adjusted returns for investors over the past three years,” said Alexi Panagiotakopoulos, Chief Investment Officer of Fundamental Income. “Despite market volatility and uncertainty, the triple net lease model has continued to deliver consistent income and long-term growth compared to other areas of commercial real estate.”

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by visiting www.netleaseetf.com. Read the prospectus carefully before investing.

Quasar Distributors, LLC, distributor.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period has the greatest impact because it is included in all three rating periods. ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Media Inquiries:

Alexi Panagiotakopoulos

Chief Investment Officer, Fundamental Income

alexi@fundamentalincome.com

Source: Fundamental Income

FAQ

What is the rating of Fundamental Income's Net Lease Real Estate ETF?

Fundamental Income's Net Lease Real Estate ETF (NETL) received a 5-star rating from Morningstar.

How does NETL rank among real estate funds?

NETL ranks 7th among 233 funds for the 3-year period and 7th among 257 funds for the 1-year period.

What is the performance of the triple net lease model compared to other areas of commercial real estate?

The triple net lease model has consistently delivered income and long-term growth compared to other areas of commercial real estate.