JPEF vs. DESK ETF Comparison

Comparison of JPMorgan Equity Focus ETF (JPEF) to VanEck Office and Commercial REIT ETF (DESK)

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$65.28

Average Daily Volume

76,162

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$45.49

Average Daily Volume

583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JPEF	DESK
30 Days	1.75%	3.04%
60 Days	3.27%	8.19%
90 Days	7.60%	13.73%
12 Months	44.33%	56.78%

1 Overlapping Holdings

	Symbol	Grade	Weight in JPEF	Weight in DESK	Overlap
	REG	A	1.78%	1.66%	1.66%

JPEF Overweight 39 Positions Relative to DESK

Symbol	Grade	Weight
NVDA	B	6.35%
MSFT	B	6.3%
AMZN	B	5.37%
META	A	4.6%
AAPL	B	3.7%
KMI	A	3.26%
AVGO	B	3.06%
BRK.A	C	3.0%
COF	A	2.82%
L	B	2.79%
EOG	F	2.72%
MTB	A	2.63%
TT	C	2.54%
PG	D	2.52%
MA	A	2.46%
MCD	C	2.38%
BAC	B	2.33%
NEE	C	2.24%
PSA	D	2.17%
UNH	D	2.12%
HD	B	2.11%
PANW	B	2.11%
MS	B	2.1%
HON	C	2.08%
GOOG	B	1.97%
LLY	D	1.96%
REGN	F	1.95%
ADI	B	1.84%
INTU	D	1.8%
PWR	A	1.61%
ISRG	A	1.58%
PKG	A	1.47%
TMO	F	1.38%
MLM	A	1.37%
EL	F	1.31%
BKNG	A	1.28%
TJX	D	1.19%
JBHT	B	0.88%
LRCX	D	0.53%

JPEF Underweight 23 Positions Relative to DESK

Symbol	Grade	Weight
VNO	B	-11.15%
BXP	B	-10.49%
KRC	B	-8.98%
SLG	A	-7.9%
CUZ	B	-6.33%
CDP	A	-6.33%
HIW	B	-4.62%
EQC	C	-4.39%
DEI	B	-4.29%
SPG	B	-3.84%
O	C	-3.68%
PLD	F	-3.38%
ESRT	C	-2.78%
PDM	C	-2.63%
DEA	B	-2.45%
AAT	A	-2.43%
KIM	B	-2.43%
PGRE	C	-1.95%
WPC	F	-1.94%
BDN	C	-1.76%
JBGS	C	-1.63%
HPP	F	-1.06%
REXR	F	-1.0%