DESK vs. RINC ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to AXS Real Estate Income ETF (RINC)

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

$45.25

Average Daily Volume

643

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.28

Average Daily Volume

3,909

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	RINC
30 Days	-2.47%	0.77%
60 Days	2.14%	-4.61%
90 Days	8.36%	-2.72%
12 Months	44.65%	5.94%

0 Overlapping Holdings

	Symbol	Grade	Weight in DESK	Weight in RINC	Overlap

DESK Overweight 24 Positions Relative to RINC

Symbol	Grade	Weight
VNO	B	11.63%
BXP	D	9.94%
KRC	C	8.76%
SLG	B	8.48%
CUZ	B	6.54%
CDP	C	6.21%
EQC	B	4.63%
DEI	B	4.42%
HIW	D	4.32%
SPG	B	4.16%
O	D	3.42%
PLD	D	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%
WPC	D	1.9%
REG	B	1.81%
BDN	C	1.52%
JBGS	D	1.44%
REXR	F	0.98%
HPP	F	0.96%

DESK Underweight 16 Positions Relative to RINC

Symbol	Grade	Weight
BRSP	B	-5.1%
TRTX	B	-4.9%
LADR	B	-4.7%
ABR	C	-4.69%
FBRT	C	-4.66%
STWD	C	-4.62%
ARI	C	-4.62%
BXMT	C	-4.54%
RC	D	-4.42%
KREF	D	-4.41%
EFC	C	-4.22%
RWT	D	-4.07%
CMTG	F	-3.93%
DX	B	-3.84%
AGNC	D	-3.57%
PMT	D	-3.56%