DESK vs. JPEF ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to JPMorgan Equity Focus ETF (JPEF)

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

$44.97

Average Daily Volume

665

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$68.39

Average Daily Volume

91,509

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	JPEF
30 Days	-3.09%	1.94%
60 Days	2.20%	4.75%
90 Days	7.68%	6.25%
12 Months	43.75%	36.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in JPEF	Overlap
	REG	A	1.81%	1.79%	1.79%

DESK Overweight 23 Positions Relative to JPEF

Symbol	Grade	Weight
VNO	C	11.63%
BXP	C	9.94%
KRC	B	8.76%
SLG	B	8.48%
CUZ	B	6.54%
CDP	C	6.21%
EQC	B	4.63%
DEI	B	4.42%
HIW	C	4.32%
SPG	A	4.16%
O	C	3.42%
PLD	F	3.35%
ESRT	C	2.72%
KIM	A	2.6%
AAT	B	2.51%
PDM	D	2.47%
DEA	D	2.26%
PGRE	F	1.98%
WPC	C	1.9%
BDN	C	1.52%
JBGS	F	1.44%
REXR	F	0.98%
HPP	F	0.96%

DESK Underweight 39 Positions Relative to JPEF

Symbol	Grade	Weight
NVDA	B	-6.36%
MSFT	D	-6.29%
AMZN	C	-5.88%
META	D	-4.52%
AAPL	C	-3.5%
KMI	A	-3.38%
COF	C	-3.15%
BRK.A	B	-2.96%
EOG	A	-2.87%
AVGO	D	-2.83%
L	A	-2.79%
MTB	A	-2.77%
TT	A	-2.54%
BAC	A	-2.51%
MA	B	-2.44%
PG	C	-2.43%
MS	A	-2.3%
MCD	D	-2.26%
PANW	B	-2.15%
UNH	B	-2.15%
HON	C	-2.13%
PSA	C	-2.13%
HD	B	-2.11%
GOOG	C	-2.06%
NEE	C	-2.05%
INTU	B	-2.01%
PWR	A	-1.81%
ADI	D	-1.7%
LLY	F	-1.66%
ISRG	A	-1.6%
REGN	F	-1.54%
PKG	A	-1.49%
BKNG	A	-1.43%
MLM	C	-1.37%
TJX	A	-1.21%
TMO	F	-1.21%
EL	F	-0.94%
JBHT	C	-0.89%
LRCX	F	-0.42%