DESK vs. REIT ETF Comparison

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

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

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.90

Average Daily Volume

11,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	REIT
30 Days	-3.09%	0.49%
60 Days	2.20%	-0.45%
90 Days	7.68%	1.80%
12 Months	43.75%	25.34%

5 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in REIT	Overlap
CUZ	B	6.54%	3.05%	3.05%
KRC	B	8.76%	2.33%	2.33%
O	C	3.42%	3.63%	3.42%
PLD	F	3.35%	5.57%	3.35%
SPG	A	4.16%	4.49%	4.16%

DESK Overweight 19 Positions Relative to REIT

Symbol	Grade	Weight
VNO	C	11.63%
BXP	C	9.94%
SLG	B	8.48%
CDP	C	6.21%
EQC	B	4.63%
DEI	B	4.42%
HIW	C	4.32%
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 23 Positions Relative to REIT

Symbol	Grade	Weight
EQIX	A	-9.08%
WELL	A	-5.01%
PSA	C	-4.82%
VICI	C	-4.76%
FR	D	-4.0%
DOC	C	-3.99%
INVH	D	-3.86%
EXR	C	-3.82%
EQR	C	-3.45%
DLR	B	-3.39%
UDR	B	-3.12%
AVB	B	-3.05%
HST	C	-3.03%
SBRA	C	-2.77%
MAC	B	-2.65%
EPRT	B	-2.65%
ELS	C	-2.54%
IVT	A	-2.21%
IRM	C	-2.01%
LXP	D	-1.77%
COLD	D	-1.69%
ADC	A	-1.49%
AMT	C	-0.99%