DESK vs. REAI ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Intelligent Real Estate ETF (REAI)

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 ^*

10

* may have additional holdings in another (foreign) market

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$19.20

Average Daily Volume

1,556

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	DESK	REAI
30 Days	-0.66%	0.80%
60 Days	-1.33%	0.80%
90 Days	0.69%	0.80%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in REAI	Overlap
	HIW	A	4.15%	2.57%	2.57%

DESK Overweight 9 Positions Relative to REAI

	Symbol	Grade	Weight
	VNO	D	10.57%
	BXP	F	10.01%
	KRC	D	8.88%
	SLG	B	7.54%
	CDP	A	6.12%
	CUZ	A	5.97%
	EQC	D	5.03%
	DEI	B	4.11%
	O	B	4.02%

DESK Underweight 9 Positions Relative to REAI

	Symbol	Grade	Weight
	DLR	B	-2.74%
	AKR	B	-2.63%
	HST	D	-2.6%
	EQR	A	-2.56%
	ROIC	D	-2.55%
	PEB	F	-2.54%
	VRE	C	-2.53%
	UDR	B	-2.51%
	FR	D	-2.51%

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

REAI: Top Represented Industries & Keywords

Industries: REIT - Office REIT - Hotel & Motel REIT - Residential REIT - Retail REIT - Industrial

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Retail Properties Champion Reit Dream Office Real Estate Investment Trust Host Hotels & Resorts Industrial Properties Industrial Real Estate Inland Residential Properties Trust Marriott International Northern Virginia Residential Real Estate Taxable Reit Subsidiaries