DESK vs. CRED ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Columbia Research Enhanced Real Estate ETF (CRED)

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

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$23.51

Average Daily Volume

686

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	CRED
30 Days	-3.09%	-1.05%
60 Days	2.20%	-1.26%
90 Days	7.68%	2.49%
12 Months	43.75%	25.24%

15 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in CRED	Overlap
BDN	C	1.52%	0.16%	0.16%
BXP	C	9.94%	1.51%	1.51%
CDP	C	6.21%	0.39%	0.39%
CUZ	B	6.54%	0.83%	0.83%
DEI	B	4.42%	0.33%	0.33%
ESRT	C	2.72%	0.13%	0.13%
HIW	C	4.32%	0.78%	0.78%
HPP	F	0.96%	0.07%	0.07%
JBGS	F	1.44%	0.18%	0.18%
KRC	B	8.76%	0.87%	0.87%
O	C	3.42%	5.9%	3.42%
PDM	D	2.47%	0.27%	0.27%
PGRE	F	1.98%	0.08%	0.08%
SPG	A	4.16%	7.67%	4.16%
VNO	C	11.63%	0.64%	0.64%

DESK Overweight 9 Positions Relative to CRED

Symbol	Grade	Weight
SLG	B	8.48%
EQC	B	4.63%
PLD	F	3.35%
KIM	A	2.6%
AAT	B	2.51%
DEA	D	2.26%
WPC	C	1.9%
REG	A	1.81%
REXR	F	0.98%

DESK Underweight 55 Positions Relative to CRED

Symbol	Grade	Weight
AMT	C	-10.98%
EQIX	A	-7.18%
CCI	C	-6.96%
DLR	B	-6.22%
IRM	C	-3.91%
AVB	B	-3.32%
MAA	B	-3.18%
DOC	C	-2.75%
SBAC	D	-2.68%
INVH	D	-2.5%
WY	F	-2.39%
LAMR	C	-1.93%
GLPI	C	-1.81%
AMH	C	-1.7%
BRX	A	-1.45%
OHI	C	-1.36%
SUI	C	-1.31%
HST	C	-1.27%
CUBE	C	-1.2%
KRG	B	-1.01%
STAG	D	-0.96%
FR	D	-0.92%
NNN	C	-0.85%
RHP	B	-0.85%
EPR	C	-0.77%
SBRA	C	-0.76%
CTRE	C	-0.73%
APLE	B	-0.64%
NSA	C	-0.63%
PECO	A	-0.61%
EPRT	B	-0.54%
RYN	D	-0.51%
OUT	A	-0.51%
LXP	D	-0.49%
MPW	F	-0.47%
BNL	C	-0.43%
MAC	B	-0.43%
PK	C	-0.4%
SKT	A	-0.39%
PCH	D	-0.36%
GNL	F	-0.31%
UE	B	-0.28%
UNIT	B	-0.22%
XHR	B	-0.2%
RLJ	C	-0.19%
DRH	B	-0.19%
SHO	D	-0.17%
AHH	D	-0.17%
UMH	B	-0.14%
PEB	D	-0.12%
WSR	A	-0.12%
GMRE	F	-0.11%
INN	D	-0.09%
ILPT	F	-0.02%
OPI	F	-0.01%