Our goal is simple—focus on results. Fundamental Income was founded to identify and create investment strategies rooted in solid, understandable fundamentals that are expected to generate sustainable income with predictable growth. The firm’s principals have extensive experience in net lease real estate, capital markets and credit opportunities.
The Company created its inaugural index, the Fundamental Income Net Lease Real Estate Index (NETLXT) calculated by NASDAQ, to help define and track the rapidly expanding publicly-traded Net Lease Real Estate sector. Fundamental Income is the Index Provider to the NETLease Corporate Real Estate ETF (NYSE: NETL).
Chris Burbach is a Co-Founder and Partner of Fundamental Income. Prior to the founding of Fundamental Income, Chris served as Executive Vice President, Underwriting for STORE Capital Corporation (NYSE: STOR) from February 2012 to February 2019. He led the underwriting of approximately $12 billion of net lease investments including over $7.5 billion in closed transactions. He served as a member of the Investment Committee and was Chairman of the Investment Committee from October 2017 to February 2019. In addition to his investment responsibilities, Chris was jointly responsible for numerous aspects of STORE’s capital markets activities including corporate capital strategy, corporate credit ratings, the issuance of $725 million in investment grade corporate unsecured notes and the issuance of over $2 billion in securitized notes including A+ and AAA-rated notes.
Prior to joining STORE, Chris served in numerous capacities at Spirit Finance Corporation from February 2006 to January 2012, including most recently as Vice President of Investment Management responsible for managing the investments of the company’s $3.5 billion real estate portfolio. Mr. Burbach also managed the Underwriting group at Spirit. Prior to Spirit, Mr. Burbach served as Chief Executive Officer of VM Management, Inc., which owned a for-profit private school and managed a non-profit charter school in Phoenix, Arizona. He also was a consultant with Navigant Consulting, Inc. in San Francisco, engaged in financial consulting for the construction and government industries groups. Mr. Burbach received a B.S. degree in Finance from Santa Clara University and an M.B.A. degree from Arizona State University. He is also a CFA® charterholder.
Alexi Panagiotakopoulos is a Co-Founder and Partner of Fundamental Income. He previously served as Managing Director, Strategic Initiatives for SMS Financial—a private distressed debt firm and joint venture partner of the FDIC founded in 1993. Over his 5-year tenure, Alexi was instrumental in the acquisition, recovery and servicing of over $940 million of commercial debt across all asset classes. He also jointly managed all aspects of new business development, acquisitions and dispositions, revenue partnerships, capital placement opportunities, portfolio management and underwriting.
Prior to joining SMS Financial, Alexi specialized in underwriting at STORE Capital, a publicly listed REIT (NYSE: STOR), which focuses on the acquisition and leaseback of single tenant operational real estate on a net-lease basis. Alexi has an extensive background in sourcing, credit analysis, underwriting and real estate finance, with over $1.5 billion of transaction experience. Alexi Panagiotakopoulos received his Bachelor of Science Degree in Finance, Magna Cum Laude, from the W.P. Carey School of Business at Arizona State University.
Hayleigh Crawford joined Fundamental Income in October of 2019. In her role as Vice President, Ms. Crawford is responsible for maintaining operations, implementing and overseeing the firm's corporate strategy, process and procedures, personnel, strategic initiatives and partnerships. A licensed attorney, she practiced complex civil and appellate litigation for several years before joining the Fundamental Income team. Hayleigh has represented a wide variety of clients in State and federal litigation, arbitrations, internal investigations, and governmental and regulatory matters, with a particular focus on public pension issues. She has written extensively about Arizona pension law, and the Arizona Supreme Court (Bolick, J.) recently cited her article, Going for Broke: Arizona's Public Pension Crisis, in a published opinion. Outside of the office, Hayleigh sits on the Camelback East Village Planning Committee for the City of Phoenix and serves on the Board of the Florence Immigrant & Refugee Rights Project.
Before embarking on her legal career, Haleigh worked as a registered financial advisor for Merrill Lynch and spent several years training horses professionally. She earned her B.A. with High Honors from the University of Texas at Austin and her J.D. summa cum laude from the Sandra Day O'Connor College of Law at Arizona State University.
Taylor Brown joined Fundamental Income in September of 2019. As Vice President, Mr. Brown is responsible for identifying, developing and managing strategy distribution and investor relationships, including Registered Investment Advisors, Wire Houses, Independent Broker Dealers, Family Offices, Pensions, Endowments, and Banks and Trusts.
Prior to joining Fundamental Income, Taylor served as Vice President and specialized in wholesaling various public and private real estate funds for CIM Group, a multi-billion dollar asset manager. Over the past 5-years, Taylor has been recognized as a Top Producer and a part of the Top Sales team in 2016, 2017 and 2018. Mr. Brown began his career at Charles Schwab managing High Net Worth clients. Taylor earned his Bachelor of Science Degress in Business Administration from the Univeristy of Nebraska-Lincoln and is currently working towards his M.B.A. from the W.P. Carey School of Business at Arizona State University. Taylor holds both Series 7 and Series 63 licenses.
Fundamental Income Net Lease Real Estate Index: The Fundamental Income Net Lease Real Estate Index (NETLXT) 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.
It is not possible to invest directly in an index.
Exchange Traded Concepts, LLC serves as the investment advisor. Fundamental Income serves as the index provider. The Funds are distributed by Quasar Distributors, LLC which is not affiliated with Fundamental Income, Exchange Traded Concepts, LLC or any of their affiliates.
The Funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company and may be obtained by clicking here. Please read it carefully before investing. A free, hard-copy of the prospectus can also be requested by calling 1-800-617-0004.
Investments involve 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.
Performance data as of 12/31/19. Returns for periods of less than one year are not annualized. 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. Performance data current to the most recent month-end can be obtained by calling 800-617-0004.
Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment 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 the original cost. Returns for periods of less than one year are not annualized. Returns are determined based on the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV is typically calculated. Market returns does not represent the returns you would receive if you traded shares at other times.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the midpoint or the last bid/ask spread at 4:00pm Eastern time.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
5134 N. Central Avenue Suite 104
Phoenix, AZ 85012
To request other information or make general inquiries about the Fund contact NETLease Corporate Real Estate ETF, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701 or call 1-800-617-0004.
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