|NUMBER OF HOLDINGS:||24|
|WEIGHING:||MODIFIED MARKET CAP|
What is the Net Lease Index?
The Fundamental Income Net Lease Real Estate Index (NNNLSCTR) is a rules based, passive index that, for the first time, defines and tracks the performance of the rapidly expanding net lease real estate sector in a diversified manner. The Index uniquely defines a sector not by the underling property types, i.e. industrial, retail, office, etc., but rather by the controlling legal document known as a “net lease” which can be used with any property type. The Index includes only equity REITs which derive the majority of their revenue from net leases. The Index also places important limitations on concentration in any one constituent or tenant which creates a highly diversified portfolio spanning multiple investment teams, tenant industries, property types, geographic location, and most importantly tenants.
While many REIT indices include Net Lease REITs as constituents, the Fundamental Income Net Lease Real Estate Index (NNNLSCTR) is a pure-play in the Net Lease sector giving investors access to this consistent and understandable business model. The Index puts concentration limits on constituents that 1) ensure diversified exposure to the entire sector in terms of constituents and underlying tenants and 2) create a balance between income and growth.
Disclaimer: Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the index’s current constituents. Prior to 201,7 the back-test used an equal weighted methodology. The Index inception date was 12/27/2017 and was revised 12/21/2018. All data prior to the inception date is back-tested. Index returns are before fees and expenses.
Disclaimer: The Index inception date was 12/27/2017 and was revised 12/21/2018. Index returns are quoted before fees and expenses.
Top 10 Holdings (as of 05-22-19)
|W.P. CAREY INC.||WPC||$81.87||8.36%|
|STORE CAPITAL CP||STOR||$34.23||7.95%|
|NATIONAL RETAIL PROP||NNN||$53.33||7.72%|
|REALTY INCOME CP||O||$69.72||7.60%|
|SPIRIT REALTY CAPTL||SRC||$42.83||4.18%|
|INNOVATIVE INDS PPTY||IIPR||$87.41||4.17%|
|GLOBAL NET LEASE INC||GNL||$19.04||4.03%|