DESK vs. INDS ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Pacer Benchmark Industrial Real Estate SCTR ETF (INDS)

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

$45.25

Average Daily Volume

643

Number of Holdings ^*

* may have additional holdings in another (foreign) market

INDS

Pacer Benchmark Industrial Real Estate SCTR ETF

INDS Description

The investment seeks to track the total return performance, before fees and expenses, of the Benchmark Industrial Real Estate SCTR¿ Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index was developed by Benchmark Investments, LLC, the index provider (the "index provider"), and measures the performance of the industrial real estate sector of the U.S. equity market, which includes warehouse and self-storage real estate sub-sectors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.61

Average Daily Volume

29,457

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	INDS
30 Days	-2.47%	-4.83%
60 Days	2.14%	-11.29%
90 Days	8.36%	-9.26%
12 Months	44.65%	10.45%

3 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in INDS	Overlap
PLD	D	3.35%	15.13%	3.35%
REXR	F	0.98%	4.19%	0.98%
WPC	D	1.9%	4.42%	1.9%

DESK Overweight 21 Positions Relative to INDS

Symbol	Grade	Weight
VNO	B	11.63%
BXP	D	9.94%
KRC	C	8.76%
SLG	B	8.48%
CUZ	B	6.54%
CDP	C	6.21%
EQC	B	4.63%
DEI	B	4.42%
HIW	D	4.32%
SPG	B	4.16%
O	D	3.42%
ESRT	C	2.72%
KIM	A	2.6%
AAT	B	2.51%
PDM	D	2.47%
DEA	D	2.26%
PGRE	F	1.98%
REG	B	1.81%
BDN	C	1.52%
JBGS	D	1.44%
HPP	F	0.96%

DESK Underweight 9 Positions Relative to INDS

Symbol	Grade	Weight
PSA	D	-15.72%
EGP	F	-4.73%
EXR	D	-4.67%
CUBE	D	-4.55%
FR	C	-4.32%
STAG	F	-4.14%
TRNO	F	-3.61%
NSA	D	-1.84%
LXP	D	-1.7%