DESK vs. ARB ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to AltShares Merger Arbitrage ETF (ARB)

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

$43.99

Average Daily Volume

604

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARB

AltShares Merger Arbitrage ETF

ARB Description

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

8,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	ARB
30 Days	0.43%	0.67%
60 Days	4.62%	1.19%
90 Days	12.87%	2.09%
12 Months	41.85%	6.56%

0 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in ARB	Overlap

DESK Overweight 24 Positions Relative to ARB

Symbol	Grade	Weight
VNO	B	11.46%
BXP	C	9.97%
KRC	B	8.85%
SLG	B	8.34%
CDP	B	6.59%
CUZ	B	6.45%
EQC	C	4.6%
HIW	C	4.51%
DEI	B	4.21%
SPG	C	3.91%
O	D	3.58%
PLD	F	3.26%
ESRT	C	2.71%
PDM	C	2.52%
KIM	B	2.47%
AAT	C	2.46%
DEA	C	2.42%
WPC	F	1.91%
PGRE	C	1.89%
REG	D	1.73%
JBGS	C	1.57%
BDN	C	1.46%
HPP	F	1.04%
REXR	F	1.0%

DESK Underweight 44 Positions Relative to ARB

Symbol	Grade	Weight
MRO	C	-2.76%
RCM	A	-2.73%
CTLT	D	-2.72%
HCP	A	-2.72%
SPR	C	-2.68%
K	A	-2.67%
JNPR	A	-2.66%
ANSS	C	-2.57%
INFN	B	-2.27%
SRCL	A	-2.19%
CHX	F	-2.19%
ENV	A	-2.17%
SILK	A	-2.16%
PETQ	A	-2.14%
EVRI	A	-2.13%
RVNC	C	-2.07%
HA	A	-2.02%
HES	B	-1.95%
DFS	A	-1.9%
X	C	-1.85%
DO	D	-1.83%
ALE	A	-1.81%
PRFT	A	-1.81%
PWSC	C	-1.81%
AXNX	A	-1.81%
INST	A	-1.79%
VZIO	C	-1.78%
AMK	B	-1.78%
GTHX	A	-1.72%
SRDX	D	-1.4%
FBMS	B	-1.16%
HTLF	A	-1.15%
BALY	A	-1.14%
CHUY	B	-1.13%
TWKS	A	-1.11%
MGRC	A	-1.07%
ITI	A	-1.07%
SWN	C	-0.94%
CALT	C	-0.58%
AAN	B	-0.56%
CNSL	A	-0.54%
AGS	A	-0.53%
HAYN	A	-0.53%
SRCL	A	-0.5%