DESK vs. FOVL ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to iShares Focused Value Factor ETF (FOVL)

DESK

VanEck Office and Commercial REIT ETF

DESK Description

The fund normally invests at least 80% of its total assets in Office and Commercial Real Estate Companies. The index is comprised of equity securities of Office and Commercial Real Estate Companies and is intended to give investors a means of tracking the overall performance of U.S exchange-listed real estate investment trusts (REITs) involved in the office and commercial real estate markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.46

Average Daily Volume

129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$60.82

Average Daily Volume

14,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	FOVL
30 Days	-0.30%	-1.58%
60 Days	-2.31%	0.71%
90 Days	1.95%	6.40%
12 Months		25.20%

1 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in FOVL	Overlap
	CUZ	B	5.97%	2.3%	2.3%

DESK Overweight 9 Positions Relative to FOVL

Symbol	Grade	Weight
VNO	F	10.57%
BXP	F	10.01%
KRC	D	8.88%
SLG	B	7.54%
CDP	B	6.12%
EQC	B	5.03%
HIW	B	4.15%
DEI	B	4.11%
O	B	4.02%

DESK Underweight 39 Positions Relative to FOVL

Symbol	Grade	Weight
TOL	B	-3.51%
PNFP	C	-3.25%
IBKR	A	-3.24%
BLDR	D	-3.23%
FYBR	B	-3.09%
SF	A	-3.07%
JPM	B	-2.94%
WTM	B	-2.92%
COF	B	-2.92%
WLK	B	-2.86%
SNV	C	-2.82%
AXS	A	-2.74%
ORI	A	-2.73%
FHB	B	-2.71%
FNB	B	-2.7%
JHG	A	-2.68%
WBS	D	-2.67%
CNA	B	-2.58%
LYB	C	-2.42%
KMI	A	-2.42%
AMG	D	-2.4%
DFS	C	-2.4%
PFG	C	-2.4%
NUE	D	-2.38%
UNM	B	-2.38%
T	B	-2.37%
CLF	F	-2.35%
STT	C	-2.29%
HPE	D	-2.25%
AN	B	-2.25%
LPX	D	-2.22%
AGR	B	-2.18%
THO	D	-2.17%
PNW	B	-2.08%
Z	F	-1.81%
ALK	C	-1.8%
LSXMK	F	-1.72%
SNDR	D	-1.72%
LLYVK	D	-0.67%

DESK: Top Represented Industries & Keywords

Industries: REIT - Office REIT - Diversified REIT - Retail

Keywords: Real Estate Investment Trust Real Estate Market Retail Properties Equity Global Management Madison Marquette S&P 500 David Sobelman Dream Office Real Estate Investment Trust Hawaii Paramus Property Management Publicly Traded Real Estate Real Estate Properties Retail Shopping Centers Shopping Mall Undeveloped Land