ETF Evaluator:
Colterpoint Net Lease Real Estate ETF ()
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(as of Aug 26)
Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
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ETF Details
Colterpoint Net Lease Real Estate ETF Overview
Colterpoint Net Lease Real Estate ETF (NETL) is a passively managed Sector Equity Real Estate exchange-traded fund (ETF). Colterpoint launched the ETF in 2019.
The investment seeks to track the performance, before fees and expenses, of the Colterpoint Net Lease Real Estate Index.
The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in corporate real estate companies. It is non-diversified.
About Colterpoint Net Lease Real Estate ETF (NETL)
There are 4 members of the management team with an average tenure of 5.16 years: Andrew Serowik (2019), Gabriel Tan (2021), Todd Alberico (2021) and Brian Cooper (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ US Real Estate TR USD index with a weighting of 100%. Colterpoint Net Lease Real Estate ETF has 24 securities in its portfolio. The top 10 holdings constitute 60.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Colterpoint Net Lease Real Estate ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Colterpoint Net Lease Real Estate ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Colterpoint Net Lease Real Estate ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NETL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Colterpoint Net Lease Real Estate ETF expense ratio is above average compared to funds in the Real Estate category. Colterpoint Net Lease Real Estate ETF has an expense ratio of 0.60%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Colterpoint Net Lease Real Estate ETF has a portfolio turnover rate of 14%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, Colterpoint Net Lease Real Estate ETF returned 2.1%, which earned it a grade of C, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Colterpoint Net Lease Real Estate ETF has a trailing yield of 4.61%, which is above the 4.13% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Colterpoint Net Lease Real Estate ETF Grades
Year to date, the ETF has returned 17.5%, 2.8 percentage points better than the category, which translates into a grade of B. The fund has returned 20.3% over the past year (grade of B), 8.6% over the past three years (grade of D) and 1.8% per year over the past five years (grade of D).
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NETL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NETL Return (NAV) | 2.1% | 3.7% | 20.3% | 8.6% | 1.8% | na |
| NETL Return (Price) | 2.0% | 3.9% | 20.3% | 8.7% | 1.8% | na |
| NAV +/- Price Return | 0.061% | -0.161% | -0.002% | -0.023% | 0.018% | na |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| NETL Grade (NAV) | C | C | B | D | D | na |
| +/- Category (NAV) | 0.9% | 0.1% | 2.9% | -0.6% | -1.0% | na |
| NETL Tax-Cost Ratio | na | na | 2.0% | 2.0% | 2.0% | na |
NETL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NETL Return (NAV) | 17.5% | 5.9% | -1.1% | 3.4% | -16.4% | 26.9% | -0.4% | na | na | na | na |
| NETL Return (Price) | 17.7% | 6.0% | -1.1% | 2.7% | -16.2% | 27.4% | -0.7% | na | na | na | na |
| NAV +/- Price Ret | 0.007% | 0.018% | -0.058% | -0.197% | -0.016% | 0.017% | 0.868% | na | na | na | na |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| NETL Grade (NAV) | B | A | F | F | A | F | A | na | na | na | na |
| +/- Category | 2.8% | 3.7% | -6.3% | -8.5% | 9.1% | -10.7% | 7.8% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.87 |
| R-Squared: | 39% |
| Standard Deviation: | 17.7% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.45 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 4.6% |
| Total Assets: | $ 55 Mil |
| Share Class Assets: | $ 55 Mil |
| Turnover: | 14.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 5.2 years | |||
| Managers (Year): Serowik Andrew (2019), Tan Gabriel (2021), Alberico Todd (2021), Cooper Brian (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 24 |
| % in Top 10 Holdings: | 60.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Colterpoint |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | March 21, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
