KBWY vs. DESK ETF Comparison

Comparison of PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY) to VanEck Office and Commercial REIT ETF (DESK)

KBWY

PowerShares KBW Premium Yield Equity REIT Portfolio ETF

KBWY Description

The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.67

Average Daily Volume

108,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$44.90

Average Daily Volume

680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWY	DESK
30 Days	-4.97%	-4.84%
60 Days	-7.32%	0.54%
90 Days	0.18%	8.88%
12 Months	19.33%	39.51%

7 Overlapping Holdings

Symbol	Grade	Weight in KBWY	Weight in DESK	Overlap
AAT	A	2.86%	2.51%	2.51%
DEA	D	4.36%	2.26%	2.26%
HIW	D	3.58%	4.32%	3.58%
KIM	A	2.6%	2.6%	2.6%
PDM	D	2.91%	2.47%	2.47%
SLG	B	3.0%	8.48%	3.0%
WPC	C	3.17%	1.9%	1.9%

KBWY Overweight 20 Positions Relative to DESK

Symbol	Grade	Weight
GNL	D	6.33%
GOOD	B	5.09%
SVC	F	4.94%
GMRE	F	4.91%
SBRA	B	4.41%
OUT	A	4.34%
APLE	B	4.19%
OHI	C	4.03%
EPR	D	3.95%
LTC	B	3.79%
BNL	D	3.5%
AHH	D	3.49%
GTY	A	3.3%
GLPI	C	3.25%
IIPR	F	2.96%
FCPT	C	2.85%
LXP	D	2.61%
NSA	C	2.6%
NXRT	A	2.21%
OPI	F	0.59%

KBWY Underweight 17 Positions Relative to DESK

Symbol	Grade	Weight
VNO	C	-11.63%
BXP	D	-9.94%
KRC	C	-8.76%
CUZ	B	-6.54%
CDP	D	-6.21%
EQC	A	-4.63%
DEI	A	-4.42%
SPG	A	-4.16%
O	D	-3.42%
PLD	D	-3.35%
ESRT	C	-2.72%
PGRE	F	-1.98%
REG	A	-1.81%
BDN	C	-1.52%
JBGS	D	-1.44%
REXR	F	-0.98%
HPP	F	-0.96%