DESK vs. BLDG ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Cambria Global Real Estate ETF (BLDG)

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

$43.80

Average Daily Volume

624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BLDG

Cambria Global Real Estate ETF

BLDG Description

The investment seeks income and capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, ?real estate companies?) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund?s investment adviser (?Cambria?).

Grade (RS Rating)

Last Trade

$26.07

Average Daily Volume

4,107

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	BLDG
30 Days	-5.45%	-3.47%
60 Days	-0.14%	-4.59%
90 Days	9.63%	3.26%
12 Months	39.18%	12.01%

14 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in BLDG	Overlap
AAT	C	2.47%	1.41%	1.41%
BDN	D	1.51%	1.24%	1.24%
BXP	D	9.89%	1.34%	1.34%
CUZ	B	6.44%	1.38%	1.38%
DEI	B	4.4%	1.39%	1.39%
ESRT	D	2.71%	1.36%	1.36%
HIW	D	4.4%	1.27%	1.27%
HPP	F	1.07%	1.21%	1.07%
JBGS	D	1.54%	1.2%	1.2%
KRC	C	8.73%	1.53%	1.53%
PDM	D	2.51%	1.32%	1.32%
PGRE	C	1.96%	1.42%	1.42%
SLG	B	8.66%	1.49%	1.49%
WPC	D	1.85%	1.19%	1.19%

DESK Overweight 10 Positions Relative to BLDG

Symbol	Grade	Weight
VNO	B	11.98%
CDP	C	6.41%
EQC	A	4.51%
SPG	A	3.93%
O	D	3.29%
PLD	D	3.19%
KIM	A	2.49%
DEA	D	2.33%
REG	A	1.73%
REXR	F	0.96%

DESK Underweight 30 Positions Relative to BLDG

Symbol	Grade	Weight
FSP	C	-1.61%
ROIC	A	-1.49%
MAC	A	-1.47%
PK	C	-1.45%
WSR	B	-1.44%
GOOD	B	-1.43%
OLP	A	-1.42%
AKR	B	-1.41%
LTC	B	-1.39%
SBRA	C	-1.38%
CSR	A	-1.37%
AVB	A	-1.36%
CTO	B	-1.36%
WELL	A	-1.35%
EPRT	C	-1.34%
IVT	B	-1.34%
CTRE	D	-1.3%
PINE	D	-1.3%
ALX	D	-1.29%
OHI	C	-1.29%
LXP	D	-1.29%
STAG	D	-1.28%
FCPT	C	-1.28%
NHI	D	-1.26%
TRNO	D	-1.25%
BNL	D	-1.2%
CIO	F	-1.19%
NNN	D	-1.12%
IIPR	F	-1.06%
OPI	F	-0.87%