DESK vs. NETL ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to NETLease Corporate Real Estate ETF (NETL)

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

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.49

Average Daily Volume

6,169

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	NETL
30 Days	-3.09%	-4.21%
60 Days	2.20%	-5.28%
90 Days	7.68%	-2.54%
12 Months	43.75%	17.80%

2 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in NETL	Overlap
	O	C	3.42%	7.67%	3.42%
	WPC	C	1.9%	7.83%	1.9%

DESK Overweight 22 Positions Relative to NETL

Symbol	Grade	Weight
VNO	C	11.63%
BXP	C	9.94%
KRC	B	8.76%
SLG	B	8.48%
CUZ	B	6.54%
CDP	C	6.21%
EQC	B	4.63%
DEI	B	4.42%
HIW	C	4.32%
SPG	A	4.16%
PLD	F	3.35%
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	A	1.81%
BDN	C	1.52%
JBGS	F	1.44%
REXR	F	0.98%
HPP	F	0.96%

DESK Underweight 18 Positions Relative to NETL

Symbol	Grade	Weight
VICI	C	-7.76%
STAG	D	-7.63%
NNN	C	-7.55%
GOOD	B	-4.66%
ADC	A	-4.3%
EPRT	B	-4.29%
OLP	B	-4.2%
GTY	A	-4.17%
NTST	C	-4.0%
BNL	D	-3.99%
EPR	C	-3.95%
LXP	D	-3.88%
GNL	F	-3.79%
PSTL	D	-3.62%
FCPT	C	-3.58%
IIPR	D	-3.54%
GLPI	C	-3.47%
PINE	C	-1.71%