DESK vs. ICAP ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to InfraCap Equity Income Fund ETF (ICAP)

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

$35.58

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ICAP

InfraCap Equity Income Fund ETF

ICAP Description

The investment seeks to maximize income and pursue total return opportunities. The fund, under normal conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The fund will invest primarily in securities of U.S. companies, but may invest in foreign securities, including securities of companies located in emerging markets. To obtain high yield and total return, the adviser will favor sectors and industries that it currently views are undervalued on a relative basis.

Grade (RS Rating)

Last Trade

$24.32

Average Daily Volume

9,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	ICAP
30 Days	-0.66%	-1.17%
60 Days	-1.33%	2.02%
90 Days	0.69%	3.32%
12 Months		16.48%

3 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in ICAP	Overlap
BXP	F	10.01%	3.71%	3.71%
KRC	D	8.88%	2.32%	2.32%
O	B	4.02%	1.4%	1.4%

DESK Overweight 7 Positions Relative to ICAP

Symbol	Grade	Weight
VNO	D	10.57%
SLG	B	7.54%
CDP	A	6.12%
CUZ	A	5.97%
EQC	D	5.03%
HIW	A	4.15%
DEI	B	4.11%

DESK Underweight 62 Positions Relative to ICAP

Symbol	Grade	Weight
GS	A	-6.2%
MS	A	-6.02%
JPM	B	-5.26%
PM	A	-4.63%
CVX	B	-3.37%
MPLX	A	-3.34%
DOW	C	-3.32%
SLMBP	B	-3.22%
SO	A	-3.04%
ET	A	-2.94%
BAC	B	-2.89%
AQNU	B	-2.82%
JNJ	F	-2.78%
C	A	-2.76%
AB	B	-2.42%
UGIC	C	-2.39%
KHC	B	-2.37%
MO	A	-2.33%
NYMTN	D	-2.08%
AVGO	D	-2.07%
BLMN	F	-2.07%
REXR	D	-1.97%
NFE	F	-1.79%
DUK	A	-1.68%
EIX	A	-1.65%
VOD	D	-1.58%
FRT	B	-1.57%
KMI	A	-1.52%
ADC	B	-1.34%
T	C	-1.33%
UZE	C	-1.27%
MCD	F	-1.19%
PEP	B	-1.19%
CCI	D	-1.13%
SPG	D	-1.1%
IP	D	-1.1%
D	A	-0.97%
ARE	D	-0.91%
GNL	D	-0.88%
NWN	B	-0.79%
AES	B	-0.72%
PG	A	-0.72%
IBM	D	-0.71%
CFG	A	-0.63%
EMR	D	-0.63%
GLPI	F	-0.59%
AMT	D	-0.57%
VZ	D	-0.55%
KO	A	-0.51%
IRM	D	-0.5%
AXP	B	-0.47%
SBUX	F	-0.44%
HON	C	-0.38%
EQIX	F	-0.37%
AMGN	A	-0.28%
DLR	B	-0.27%
STLA	D	-0.27%
CSCO	F	-0.25%
MRK	B	-0.25%
EPR	D	-0.08%
UNH	C	-0.04%
WMB	B	-0.01%

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