DESK vs. REAI ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to Intelligent Real Estate ETF (REAI)

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

$43.80

Average Daily Volume

624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$21.66

Average Daily Volume

283

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	REAI
30 Days	-5.45%	-4.71%
60 Days	-0.14%	-5.15%
90 Days	9.63%	2.26%
12 Months	39.18%	25.38%

11 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in REAI	Overlap
AAT	C	2.47%	1.66%	1.66%
BDN	D	1.51%	1.5%	1.5%
BXP	D	9.89%	1.58%	1.58%
CDP	C	6.41%	1.65%	1.65%
DEI	B	4.4%	1.73%	1.73%
ESRT	D	2.71%	1.58%	1.58%
HIW	D	4.4%	1.59%	1.59%
KRC	C	8.73%	1.69%	1.69%
PDM	D	2.51%	1.63%	1.63%
SLG	B	8.66%	1.89%	1.89%
SPG	A	3.93%	1.62%	1.62%

DESK Overweight 13 Positions Relative to REAI

Symbol	Grade	Weight
VNO	B	11.98%
CUZ	B	6.44%
EQC	A	4.51%
O	D	3.29%
PLD	D	3.19%
KIM	A	2.49%
DEA	D	2.33%
PGRE	C	1.96%
WPC	D	1.85%
REG	A	1.73%
JBGS	D	1.54%
HPP	F	1.07%
REXR	F	0.96%

DESK Underweight 49 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.82%
UE	B	-1.73%
LTC	B	-1.72%
SBRA	C	-1.7%
CBL	B	-1.7%
MAC	A	-1.68%
GOOD	B	-1.68%
OLP	A	-1.67%
SKT	A	-1.66%
NXRT	A	-1.66%
BRX	A	-1.66%
EQIX	B	-1.66%
DOC	D	-1.65%
ESS	A	-1.64%
DRH	B	-1.64%
AHH	D	-1.63%
VTR	C	-1.63%
OHI	C	-1.62%
APLE	B	-1.62%
ELS	B	-1.62%
BFS	C	-1.61%
FRT	B	-1.61%
HST	D	-1.6%
LAMR	D	-1.6%
NHI	D	-1.6%
UHT	D	-1.6%
ALX	D	-1.6%
MAA	A	-1.59%
UDR	C	-1.58%
XHR	B	-1.58%
STAG	D	-1.58%
CPT	D	-1.57%
RHP	B	-1.57%
PLYM	F	-1.56%
INVH	D	-1.56%
FR	D	-1.54%
PSA	C	-1.54%
GLPI	D	-1.54%
EGP	D	-1.54%
IRM	D	-1.53%
CUBE	C	-1.51%
CCI	D	-1.5%
SUI	D	-1.5%
EPR	D	-1.47%
AMT	D	-1.43%
NNN	D	-1.38%
IIPR	F	-1.33%
SVC	F	-1.07%
OPI	F	-1.05%