DESK vs. NBGR ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Neuberger Berman Global Real Estate ETF (NBGR)

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

NBGR

Neuberger Berman Global Real Estate ETF

NBGR Description

The fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. It defines a real estate company as one that derives at least 50% of its revenue or profits from real estate or has at least 50% of its assets invested in real estate.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

1,135

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	NBGR
30 Days	-6.93%	-4.40%
60 Days	0.46%	-6.16%
90 Days	8.36%	-0.47%
12 Months	39.41%	15.33%

8 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in NBGR	Overlap
BXP	D	9.94%	0.78%	0.78%
HPP	F	0.96%	0.75%	0.75%
KIM	A	2.6%	1.21%	1.21%
KRC	C	8.76%	0.95%	0.95%
O	C	3.42%	1.49%	1.49%
PLD	D	3.35%	5.27%	3.35%
REXR	F	0.98%	0.86%	0.86%
SPG	A	4.16%	3.04%	3.04%

DESK Overweight 16 Positions Relative to NBGR

Symbol	Grade	Weight
VNO	C	11.63%
SLG	B	8.48%
CUZ	B	6.54%
CDP	C	6.21%
EQC	A	4.63%
DEI	B	4.42%
HIW	D	4.32%
ESRT	D	2.72%
AAT	A	2.51%
PDM	D	2.47%
DEA	D	2.26%
PGRE	D	1.98%
WPC	C	1.9%
REG	A	1.81%
BDN	C	1.52%
JBGS	F	1.44%

DESK Underweight 25 Positions Relative to NBGR

Symbol	Grade	Weight
EQIX	A	-4.88%
AMT	D	-4.33%
AVB	B	-3.28%
WELL	A	-3.22%
IRM	C	-3.07%
PSA	C	-2.86%
SUI	C	-2.47%
VTR	A	-2.31%
INVH	D	-1.69%
SBAC	D	-1.68%
UDR	D	-1.55%
EXR	C	-1.48%
DLR	A	-1.45%
EPRT	A	-1.33%
WY	D	-1.27%
CPT	C	-1.24%
CCI	C	-1.22%
GLPI	C	-1.18%
OHI	C	-1.15%
VICI	C	-1.14%
FRT	B	-1.12%
ELS	B	-1.11%
MAC	A	-1.02%
AMH	C	-0.63%
ROIC	A	-0.54%