DESK vs. SCAP ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to InfraCap Small Cap Income ETF (SCAP)

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

SCAP

InfraCap Small Cap Income ETF

SCAP Description

The investment seeks to provide total return through long-term capital appreciation and current income. The fund seeks to achieve its investment objective by investing in a diversified group of U.S.-traded equity securities consisting of common and preferred stock, ADRs, and REITs. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in small cap securities. The fund's sub-advisor generally defines a small cap company as one having a market capitalization less than the market cap of the largest company in the Russell 2000 Index at the time of acquisition.

Grade (RS Rating)

Last Trade

$37.08

Average Daily Volume

2,490

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	SCAP
30 Days	-3.09%	4.32%
60 Days	2.20%	4.12%
90 Days	7.68%	5.37%
12 Months	43.75%

2 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in SCAP	Overlap
	KRC	B	8.76%	2.0%	2.0%
	REXR	F	0.98%	1.84%	0.98%

DESK Overweight 22 Positions Relative to SCAP

Symbol	Grade	Weight
VNO	C	11.63%
BXP	C	9.94%
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%
REG	A	1.81%
BDN	C	1.52%
JBGS	F	1.44%
HPP	F	0.96%

DESK Underweight 42 Positions Relative to SCAP

Symbol	Grade	Weight
HRI	C	-3.41%
CASY	A	-3.21%
EWBC	A	-3.04%
GATX	A	-3.0%
MKSI	C	-2.96%
PFBC	B	-2.88%
SM	B	-2.75%
MUR	D	-2.65%
CHRD	D	-2.64%
PNFP	B	-2.63%
PAGP	A	-2.55%
ASIX	B	-2.47%
MCBS	B	-2.41%
NTB	B	-2.35%
AVNT	B	-2.27%
DKL	C	-2.04%
BRX	A	-2.02%
POR	C	-1.95%
AES	F	-1.93%
AGNC	C	-1.86%
NYT	D	-1.79%
WWD	C	-1.73%
ESI	B	-1.66%
JEF	A	-1.62%
AB	B	-1.61%
EPRT	B	-1.55%
NTST	C	-1.53%
SLM	A	-1.44%
BLMN	F	-1.38%
PK	C	-1.29%
CHCT	C	-1.17%
WAL	B	-1.17%
STAG	D	-1.12%
SBLK	F	-1.12%
MMI	C	-1.1%
BPOP	C	-1.07%
FHN	A	-1.03%
COOP	B	-1.01%
TPR	B	-0.94%
VLYPP	A	-0.46%
CELH	F	-0.03%
AIZ	A	-0.03%