Vident’s proprietary investment philosophy is expressed through distinct fundamentals that we believe should be top of mind when it comes to investing. These fundamentals are woven through the construction of the USREX – U.S. Diversified Real Estate Index™ (USREX) and the U.S. Diversified Real Estate ETF that tracks it. The application of Vident’s investment methodology seeks to produce a portfolio that emphasizes four primary factors — location, property type, leverage, and governance – while employing a rules-based methodology that seeks to generate diversified exposure to the liquid U.S. real estate market.
07/25/2024
LOCATION
We believe location is a key driver of real estate performance. The index employs stable property allocation targets to obtain diversified geographic exposure that favors dynamic, high-growth, and productive areas in the U.S.
U.S. PROPERTY TYPE
Apartment or office? Industrial or retail? Differences between property types matter. Fixed allocations seek to ensure diversification and balance across total assets and companies.
LEVERAGE
In our opinion, the responsible use of leverage can enhance returns, but too much debt is concerning. The index favors companies with prudent leverage and optimizes the portfolio to direct capital away from highly levered companies.
GOVERNANCE
The governance factor model is used to avoid certain real estate risks. The index considers alignment between shareholder and management, derivation of revenue, and other governance indicators. Firms with significant governance risks are excluded from the portfolio.
index | Month End Performance (As of 06/30/2024) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | 1 Month | 2.79% | 2.64% |
2 | 3 Month | 1.03% | 0.87% |
3 | Year To Date | 1.19% | 1.13% |
4 | Since Inception* | 50.60% | 50.51% |
5 | Average Annual | ||
6 | 1 Year | 9.26% | 9.25% |
7 | 3 Year | -0.49% | -0.54% |
8 | 5 Year | 3.51% | 3.52% |
9 | 10 Year | 0.00% | 0.00% |
10 | Since Inception* | 6.76% | 6.75% |
index | Quarter End Performance (As of 06/30/2024) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | Quarter | 1.03% | 0.87% |
2 | Year To Date | 1.19% | 1.13% |
3 | Since Inception* | 50.60% | 50.51% |
4 | Average Annual | ||
5 | 1 Year | 9.26% | 9.25% |
6 | 3 Year | -0.49% | -0.54% |
7 | 5 Year | 3.51% | 3.52% |
8 | 10 Year | 0.00% | 0.00% |
9 | Since Inception* | 6.76% | 6.75% |
*Fund Inception Date: 3/26/2018
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
As of DATE
index | Name | Ticker | CUSIP or Other Identifier | Weight | Shares |
---|---|---|---|---|---|
0 | AvalonBay Communities Inc | AVB | 053484101 | 4.01% | 25,843 |
1 | Prologis Inc | PLD | 74340W103 | 3.64% | 39,479 |
2 | Four Corners Property Trust Inc | FCPT | 35086T109 | 3.52% | 170,193 |
3 | Equinix Inc | EQIX | 29444U700 | 3.34% | 5,748 |
4 | Equity Residential | EQR | 29476L107 | 3.11% | 58,541 |
5 | Easterly Government Properties Inc | DEA | 27616P103 | 3.10% | 295,901 |
6 | Simon Property Group Inc | SPG | 828806109 | 2.88% | 25,106 |
7 | Digital Realty Trust Inc | DLR | 253868103 | 2.72% | 24,861 |
8 | Terreno Realty Corp | TRNO | 88146M101 | 2.70% | 52,332 |
9 | Welltower Inc | WELL | 95040Q104 | 2.58% | 31,295 |
10 | American Homes 4 Rent | AMH | 02665T306 | 2.44% | 91,849 |
11 | Kilroy Realty Corp | KRC | 49427F108 | 2.28% | 84,137 |
12 | Essex Property Trust Inc | ESS | 297178105 | 2.15% | 9,982 |
13 | Mid-America Apartment Communities Inc | MAA | 59522J103 | 2.15% | 20,103 |
14 | UDR Inc | UDR | 902653104 | 2.09% | 67,536 |
15 | Highwoods Properties Inc | HIW | 431284108 | 2.04% | 88,444 |
16 | Alexandria Real Estate Equities Inc | ARE | 015271109 | 2.01% | 22,484 |
17 | Americold Realty Trust Inc | COLD | 03064D108 | 1.96% | 88,330 |
18 | Marriott International Inc/MD | MAR | 571903202 | 1.94% | 10,928 |
19 | Regency Centers Corp | REG | 758849103 | 1.80% | 36,684 |
20 | BXP Inc | BXP | 101121101 | 1.69% | 31,846 |
21 | American Assets Trust Inc | AAT | 024013104 | 1.68% | 88,387 |
22 | Hilton Worldwide Holdings Inc | HLT | 43300A203 | 1.64% | 10,116 |
23 | Federal Realty Investment Trust | FRT | 313745101 | 1.61% | 19,566 |
24 | Innovative Industrial Properties Inc | IIPR | 45781V101 | 1.59% | 17,183 |
25 | STAG Industrial Inc | STAG | 85254J102 | 1.57% | 51,753 |
26 | Camden Property Trust | CPT | 133131102 | 1.55% | 18,215 |
27 | Cousins Properties Inc | CUZ | 222795502 | 1.42% | 69,540 |
28 | Empire State Realty Trust Inc | ESRT | 292104106 | 1.36% | 167,905 |
29 | COPT Defense Properties | CDP | 22002T108 | 1.35% | 63,370 |
30 | HEALTHPEAK PROPERTIES INC. | DOC | 42250P103 | 1.34% | 81,539 |
31 | Ventas Inc | VTR | 92276F100 | 1.33% | 32,987 |
32 | Kimco Realty Corp | KIM | 49446R109 | 1.30% | 81,837 |
33 | WP Carey Inc | WPC | 92936U109 | 1.21% | 26,481 |
34 | EastGroup Properties Inc | EGP | 277276101 | 1.20% | 8,528 |
35 | Centerspace | CSR | 15202L107 | 1.16% | 21,986 |
36 | Tanger Inc | SKT | 875465106 | 1.05% | 49,366 |
37 | Armada Hoffler Properties Inc | AHH | 04208T108 | 1.03% | 115,647 |
38 | LXP Industrial Trust | LXP | 529043101 | 1.03% | 132,297 |
39 | Kite Realty Group Trust | KRG | 49803T300 | 1.00% | 55,513 |
40 | SL Green Realty Corp | SLG | 78440X887 | 0.96% | 19,803 |
41 | Sun Communities Inc | SUI | 866674104 | 0.92% | 9,786 |
42 | Getty Realty Corp | GTY | 374297109 | 0.89% | 37,374 |
43 | Invitation Homes Inc | INVH | 46187W107 | 0.85% | 33,338 |
44 | Public Storage | PSA | 74460D109 | 0.82% | 3,626 |
45 | Equity Commonwealth | EQC | 294628102 | 0.74% | 49,635 |
46 | Phillips Edison & Co Inc | PECO | 71844V201 | 0.72% | 28,273 |
47 | Hyatt Hotels Corp | H | 448579102 | 0.70% | 6,248 |
48 | Equity LifeStyle Properties Inc | ELS | 29472R108 | 0.69% | 13,781 |
49 | Omega Healthcare Investors Inc | OHI | 681936100 | 0.65% | 23,877 |
50 | Extra Space Storage Inc | EXR | 30225T102 | 0.63% | 5,053 |
51 | SITE Centers Corp | SITC | 82981J109 | 0.63% | 53,889 |
52 | DigitalBridge Group Inc | DBRG | 25401T603 | 0.61% | 56,348 |
53 | Agree Realty Corp | ADC | 008492100 | 0.59% | 11,403 |
54 | First Industrial Realty Trust Inc | FR | 32054K103 | 0.57% | 14,207 |
55 | Host Hotels & Resorts Inc | HST | 44107P104 | 0.57% | 43,085 |
56 | National Health Investors Inc | NHI | 63633D104 | 0.49% | 8,690 |
57 | NETSTREIT Corp | NTST | 64119V303 | 0.48% | 37,998 |
58 | Choice Hotels International Inc | CHH | 169905106 | 0.45% | 4,694 |
59 | Ryman Hospitality Properties Inc | RHP | 78377T107 | 0.44% | 5,809 |
60 | Wyndham Hotels & Resorts Inc | WH | 98311A105 | 0.44% | 7,563 |
61 | CareTrust REIT Inc | CTRE | 14174T107 | 0.42% | 20,815 |
62 | National HealthCare Corp | NHC | 635906100 | 0.41% | 3,989 |
63 | Apple Hospitality REIT Inc | APLE | 03784Y200 | 0.35% | 30,784 |
64 | Douglas Emmett Inc | DEI | 25960P109 | 0.34% | 29,074 |
65 | LTC Properties Inc | LTC | 502175102 | 0.33% | 11,601 |
66 | Sunstone Hotel Investors Inc | SHO | 867892101 | 0.33% | 42,105 |
67 | Sabra Health Care REIT Inc | SBRA | 78573L106 | 0.31% | 25,167 |
68 | CubeSmart | CUBE | 229663109 | 0.30% | 8,459 |
69 | Community Healthcare Trust Inc | CHCT | 20369C106 | 0.29% | 14,449 |
70 | JBG SMITH Properties | JBGS | 46590V100 | 0.29% | 22,445 |
71 | UMH Properties Inc | UMH | 903002103 | 0.28% | 21,249 |
72 | Brixmor Property Group Inc | BRX | 11120U105 | 0.26% | 14,160 |
73 | National Storage Affiliates Trust | NSA | 637870106 | 0.24% | 7,436 |
74 | DiamondRock Hospitality Co | DRH | 252784301 | 0.19% | 29,773 |
75 | Alexander & Baldwin Inc | ALEX | 014491104 | 0.18% | 12,511 |
76 | InvenTrust Properties Corp | IVT | 46124J201 | 0.18% | 8,864 |
77 | Healthcare Realty Trust Inc | HR | 42226K105 | 0.15% | 11,377 |
78 | Rexford Industrial Realty Inc | REXR | 76169C100 | 0.14% | 3,673 |
79 | Independence Realty Trust Inc | IRT | 45378A106 | 0.12% | 8,139 |
80 | Apartment Investment and Management Co | AIV | 03748R747 | 0.11% | 16,066 |
81 | Acadia Realty Trust | AKR | 004239109 | 0.11% | 7,037 |
82 | Broadstone Net Lease Inc | BNL | 11135E203 | 0.11% | 7,965 |
83 | Elme Communities | ELME | 939653101 | 0.11% | 8,294 |
84 | Essential Properties Realty Trust Inc | EPRT | 29670E107 | 0.11% | 4,978 |
85 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.11% | 147,653 |
86 | NNN REIT Inc | NNN | 637417106 | 0.10% | 2,992 |
87 | Realty Income Corp | O | 756109104 | 0.10% | 2,240 |
88 | Plymouth Industrial REIT Inc | PLYM | 729640102 | 0.10% | 5,442 |
89 | Urban Edge Properties | UE | 91704F104 | 0.10% | 6,967 |
90 | Saul Centers Inc | BFS | 804395101 | 0.09% | 3,100 |
91 | Global Medical REIT Inc | GMRE | 37954A204 | 0.09% | 12,010 |
92 | Vornado Realty Trust | VNO | 929042109 | 0.09% | 4,256 |
93 | Retail Opportunity Investments Corp | ROIC | 76131N101 | 0.08% | 8,804 |
94 | Cash & Other | Cash&Other | Cash&Other | 0.04% | 54,976 |
index | Calendar Year 2023 | First Quarter 2024 | Second Quarter 2024 | Third Quarter 2024 | Forth Quarter 2024 | |
---|---|---|---|---|---|---|
0 | Days traded at premium | 154 | 36 | 48 | 15 | 0 |
1 | Days traded at NAV | 9 | 6 | 2 | 0 | 0 |
2 | Days traded at discount | 87 | 19 | 13 | 3 | 0 |
As of DATE
As of DATE
index | Name | Weight |
---|---|---|
0 | Multi-Family Residential REITs | 17.36% |
1 | Retail REITs | 14.05% |
2 | Industrial REITs | 13.73% |
3 | Office REITs | 13.37% |
4 | Health Care REITs | 10.04% |
5 | Data Center REITs | 6.51% |
6 | Single-Family Residential REITs | 5.63% |
7 | Hotels, Resorts & Cruise Lines | 5.54% |
8 | Diversified REITs | 5.42% |
9 | Other Specialized REITs | 3.36% |
10 | Self-Storage REITs | 2.02% |
11 | Hotel & Resort REITs | 2.00% |
12 | Real Estate Operating Companies | 0.62% |
13 | Health Care Facilities | 0.35% |
As of DATE
Vident does not guarantee the performance or success of any product, investment services, or investment idea; the limitation of risk; or potential tax outcomes. Investment objectives, risks, and potential outcomes are particular to the facts and circumstances then present. When contacting Vident via this website, you should not include any proprietary, confidential, or material non-public information in your message. While measures are taken to ensure the privacy of your communication, Vident cannot guarantee its privacy. Separately managed accounts and related investment advisory services are provided by Vident Asset Management, an SEC-registered investment adviser. Registration of an investment adviser does not imply any certain level of skill or training.
Carefully consider the Vident ETF’s investment objectives, risk factors, charges, and expenses before investing. To obtain a prospectus, download one here or call 800-617-0004. Please read it carefully before investing.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of a Vident ETF’s future performance, and an investment should not be made based solely on returns.
Investments involve risk. Principal loss is possible. The ETF has the same risks as the underlying securities traded on the exchange throughout the day at market price. The ETF’s investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated, and the Index is expected to be concentrated in real estate-related industries. The composition of the Index is heavily dependent on a proprietary quantitative model as well as information and data supplied by third parties (“Models and Data”). The ETF is expected to invest substantially all of its assets in real estate-related companies. Investments in real estate companies involve unique risks. Real estate companies, including REITs, may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. The risks of investing in real estate companies include certain risks associated with the direct ownership of real estate and the real estate industry in general. Securities in the real estate sector are subject to the risk that the value of their underlying real estate may go down. The equity securities of smaller companies have historically been subject to greater investment risk than securities of larger companies.
The ETF’s investment adviser is Vident Asset Management. PPTY’s sub-adviser is Vident Asset Management. Vident Asset Management owns the index that underlies the ETF. The U.S. Diversified Real Estate ETF is distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Asset Management.
As of DATE
index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
---|---|---|---|---|---|
0 | 07/16/2024 | 0.271142530 | |||
1 | 04/16/2024 | 0.240887590 | |||
2 | 12/15/2023 | 0.291009660 | |||
3 | 10/17/2023 | 0.303018850 | |||
4 | 07/11/2023 | 0.298152720 | |||
5 | 04/11/2023 | 0.341218040 | |||
6 | 12/16/2022 | 0.2681998 | |||
7 | 10/18/2022 | 0.36100839 | |||
8 | 07/19/2022 | 0.28340514 | |||
9 | 04/19/2022 | 0.29128418 | |||
10 | 12/30/2021 | 0.28264844 | |||
11 | 12/17/2021 | 0.04984024 | |||
12 | 10/19/2021 | 0.26184459 | |||
13 | 07/20/2021 | 0.26397021 | |||
14 | 04/20/2021 | 0.27559982 | |||
15 | 12/18/2020 | 0.24391827 | |||
16 | 10/20/2020 | 0.25226808 | |||
17 | 07/21/2020 | 0.19973977 | |||
18 | 04/21/2020 | 0.30084733 | |||
19 | 12/19/2019 | 0.25217751 | |||
20 | 10/15/2019 | 0.29728635 | |||
21 | 07/16/2019 | 0.26251215 | |||
22 | 04/09/2019 | 0.20977681 | |||
23 | 03/19/2019 | 0.05033794 | |||
24 | 12/19/2018 | 0.03715127 | 0.04776 | 0.02467085 | |
25 | 09/18/2018 | 0.029251481 | |||
26 | 06/19/2018 | 0.012199864 |