DESK vs. PPTY ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to PPTY U.S. Diversified Real Estate ETF (PPTY)

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

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$33.87

Average Daily Volume

47,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	PPTY
30 Days	-3.09%	0.25%
60 Days	2.20%	0.33%
90 Days	7.68%	3.15%
12 Months	43.75%	29.22%

20 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in PPTY	Overlap
AAT	B	2.51%	1.44%	1.44%
BXP	C	9.94%	0.91%	0.91%
CDP	C	6.21%	1.74%	1.74%
CUZ	B	6.54%	1.54%	1.54%
DEA	D	2.26%	2.56%	2.26%
DEI	B	4.42%	0.56%	0.56%
EQC	B	4.63%	1.0%	1.0%
ESRT	C	2.72%	1.26%	1.26%
HIW	C	4.32%	2.4%	2.4%
JBGS	F	1.44%	0.09%	0.09%
KIM	A	2.6%	1.44%	1.44%
KRC	B	8.76%	0.11%	0.11%
O	C	3.42%	0.51%	0.51%
PLD	F	3.35%	3.58%	3.35%
REG	A	1.81%	1.74%	1.74%
REXR	F	0.98%	0.08%	0.08%
SLG	B	8.48%	1.28%	1.28%
SPG	A	4.16%	2.86%	2.86%
VNO	C	11.63%	0.14%	0.14%
WPC	C	1.9%	1.1%	1.1%

DESK Overweight 4 Positions Relative to PPTY

Symbol	Grade	Weight
PDM	D	2.47%
PGRE	F	1.98%
BDN	C	1.52%
HPP	F	0.96%

DESK Underweight 72 Positions Relative to PPTY

Symbol	Grade	Weight
EQIX	A	-4.33%
AVB	B	-4.12%
DLR	B	-3.91%
ARE	F	-3.47%
FCPT	C	-3.35%
EQR	C	-2.93%
WELL	A	-2.71%
MAR	A	-2.32%
AMH	C	-2.31%
UDR	B	-2.09%
TRNO	F	-2.05%
ESS	B	-2.03%
MAA	B	-1.9%
HLT	A	-1.83%
IRT	A	-1.71%
STAG	D	-1.58%
FRT	B	-1.5%
CPT	B	-1.49%
COLD	D	-1.45%
VTR	B	-1.36%
EGP	D	-1.31%
AKR	B	-1.27%
SKT	A	-1.12%
IIPR	D	-1.12%
FR	D	-0.98%
SUI	C	-0.94%
PSA	C	-0.86%
INVH	D	-0.83%
KRG	B	-0.8%
PECO	A	-0.8%
ADC	A	-0.78%
GTY	A	-0.76%
ELS	C	-0.75%
DOC	C	-0.73%
OHI	C	-0.71%
H	B	-0.68%
HST	C	-0.63%
EXR	C	-0.6%
WH	B	-0.56%
RHP	B	-0.53%
CHH	A	-0.5%
SBRA	C	-0.45%
CTRE	C	-0.43%
APLE	B	-0.42%
NHI	D	-0.41%
DBRG	F	-0.4%
NTST	C	-0.4%
CSR	B	-0.37%
IVT	A	-0.36%
LTC	B	-0.35%
SHO	D	-0.34%
NHC	C	-0.32%
UMH	B	-0.29%
CUBE	C	-0.28%
NSA	C	-0.24%
AHH	D	-0.24%
ALEX	B	-0.19%
ROIC	A	-0.19%
CHCT	C	-0.18%
DRH	B	-0.11%
UE	B	-0.11%
BRX	A	-0.11%
ELME	D	-0.1%
BFS	C	-0.1%
BNL	D	-0.1%
XHR	B	-0.1%
EPRT	B	-0.1%
GMRE	F	-0.09%
NNN	C	-0.09%
LXP	D	-0.09%
AIV	C	-0.09%
PLYM	F	-0.08%