DESK vs. PFI ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to PowerShares Dynamic Financial (PFI)

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

$43.93

Average Daily Volume

456

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFI

PowerShares Dynamic Financial

PFI Description

The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$54.99

Average Daily Volume

4,093

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	PFI
30 Days	4.46%	0.44%
60 Days	12.69%	9.46%
90 Days	23.45%	11.81%
12 Months	41.36%	37.36%

1 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in PFI	Overlap
	SLG	C	7.78%	1.85%	1.85%

DESK Overweight 9 Positions Relative to PFI

Symbol	Grade	Weight
VNO	B	11.41%
BXP	C	10.41%
KRC	C	7.81%
CUZ	C	6.5%
CDP	A	6.47%
HIW	C	4.74%
DEI	A	4.3%
EQC	D	3.94%
O	A	3.91%

DESK Underweight 38 Positions Relative to PFI

Symbol	Grade	Weight
MA	A	-5.16%
ARES	B	-4.46%
KKR	C	-3.97%
JPM	D	-3.72%
APO	A	-3.65%
V	C	-3.37%
BRO	A	-2.98%
FCNCA	D	-2.97%
AXP	A	-2.9%
COOP	C	-2.78%
MMC	D	-2.71%
PGR	C	-2.56%
ACGL	A	-2.49%
PIPR	C	-2.31%
SPG	A	-2.27%
VCTR	C	-2.26%
HOOD	C	-2.25%
PRI	A	-2.19%
RGA	C	-2.13%
HLI	B	-2.13%
JXN	B	-2.12%
IBKR	A	-2.12%
EVR	C	-2.07%
CB	A	-2.04%
JEF	B	-2.01%
SYF	C	-2.01%
AIG	F	-1.89%
BGC	B	-1.78%
MTG	B	-1.74%
RYAN	A	-1.68%
ENVA	C	-1.67%
BPOP	D	-1.62%
SKT	A	-1.6%
OFG	D	-1.54%
HASI	C	-1.51%
OMF	D	-1.42%
UWMC	D	-1.32%
CIFR	F	-0.97%

DESK: Top Represented Industries & Keywords

Industries: REIT - Office REIT - Diversified REIT - Retail

Keywords: Real Estate Investment Trust Real Estate Market Retail Properties Equity Global Management Madison Marquette S&P 500 David Sobelman Dream Office Real Estate Investment Trust Hawaii Paramus Property Management Publicly Traded Real Estate Real Estate Properties Retail Shopping Centers Shopping Mall Undeveloped Land