DESK vs. KEAT ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Keating Active ETF (KEAT)

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

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.76

Average Daily Volume

2,393

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	KEAT
30 Days	-3.09%	0.02%
60 Days	2.20%	0.03%
90 Days	7.68%	0.74%
12 Months	43.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in KEAT	Overlap
	EQC	B	4.63%	3.56%	3.56%

DESK Overweight 23 Positions Relative to KEAT

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%
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%
REG	A	1.81%
BDN	C	1.52%
JBGS	F	1.44%
REXR	F	0.98%
HPP	F	0.96%

DESK Underweight 26 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	B	-28.39%
OII	B	-3.99%
GOLD	C	-3.72%
CALM	A	-3.54%
LMT	D	-3.4%
TAP	C	-3.34%
PM	B	-3.19%
TALO	C	-3.16%
VZ	C	-3.15%
EQNR	C	-3.03%
VOD	D	-3.01%
UL	D	-2.99%
TTE	F	-2.79%
LW	C	-2.56%
JNJ	C	-1.59%
AFL	B	-1.54%
TMO	F	-1.31%
XOM	B	-1.29%
WY	F	-1.15%
PEP	F	-0.94%
DOV	A	-0.82%
UPS	C	-0.81%
BRK.A	B	-0.78%
TGT	F	-0.57%
INTC	C	-0.56%
AXP	A	-0.51%