DESK vs. KBWY ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY)

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

$44.21

Average Daily Volume

663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWY

PowerShares KBW Premium Yield Equity REIT Portfolio ETF

KBWY Description

The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.29

Average Daily Volume

104,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	KBWY
30 Days	-6.93%	-7.67%
60 Days	0.46%	-8.55%
90 Days	8.36%	-1.54%
12 Months	39.41%	16.05%

7 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in KBWY	Overlap
AAT	A	2.51%	2.86%	2.51%
DEA	D	2.26%	4.36%	2.26%
HIW	D	4.32%	3.58%	3.58%
KIM	A	2.6%	2.6%	2.6%
PDM	D	2.47%	2.91%	2.47%
SLG	B	8.48%	3.0%	3.0%
WPC	C	1.9%	3.17%	1.9%

DESK Overweight 17 Positions Relative to KBWY

Symbol	Grade	Weight
VNO	C	11.63%
BXP	D	9.94%
KRC	C	8.76%
CUZ	B	6.54%
CDP	C	6.21%
EQC	A	4.63%
DEI	B	4.42%
SPG	A	4.16%
O	C	3.42%
PLD	D	3.35%
ESRT	D	2.72%
PGRE	D	1.98%
REG	A	1.81%
BDN	C	1.52%
JBGS	F	1.44%
REXR	F	0.98%
HPP	F	0.96%

DESK Underweight 20 Positions Relative to KBWY

Symbol	Grade	Weight
GNL	D	-6.33%
GOOD	A	-5.09%
SVC	F	-4.94%
GMRE	F	-4.91%
SBRA	B	-4.41%
OUT	A	-4.34%
APLE	B	-4.19%
OHI	C	-4.03%
EPR	D	-3.95%
LTC	B	-3.79%
BNL	D	-3.5%
AHH	D	-3.49%
GTY	A	-3.3%
GLPI	C	-3.25%
IIPR	F	-2.96%
FCPT	C	-2.85%
LXP	D	-2.61%
NSA	C	-2.6%
NXRT	A	-2.21%
OPI	F	-0.59%