PPTY

U.S. Diversified Real Estate ETF
ideation research

Asset Management

Investment Objectives

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.

Fund Details

06/02/2023

Fund Details
PPTY
CUSIP
26922A511
Net Assets
$117,278,026.78
Total Fund Annual Operating Expenses
0.49%
After Fee Waiver*
Inception Date
3/26/2018
Shares Outstanding
4,200,000.00
Distribution Frequency
Quarterly
30-Day SEC Yield (as of 05/31/2023)
3.92%
12 Month Distribution Yield
4.49%
Market Price
$27.95
NAV
$27.92
Premium/Discount
0.09%
30-Day Median Bid-Ask Spread
0.25%
Distribution Calendar

Note: Gross total annual operating expense is 0.53%. Net total annual operating expense is 0.49%. Effective February 1, 2020, Vident Advisory, LLC, the investment adviser to the ETF, has contractually agreed to waive four basis points (0.04%) of its unified management fee for the ETF until at least June 30, 2023. The fee waiver agreement may only be terminated by, or with the consent of, the ETF’s Board of Trustees.

Q1 2023 Fact Sheet

Fund Fact Sheet

Q1 2023

Group 2
Screenshot 2023 04 14 at 10.47.45 AM

19a-1 Notices

Group 2
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Fund Literature

Prospectus, SAI, Annual Report, Proxy Statement

Group 2

Factors

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.

Total Returns

Premium Discount Chart
index Month End Performance (As of 05/31/2023) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
11 Month -2.69% -2.65%
23 Month -6.24% -6.25%
3Year To Date -1.95% -2.01%
4Since Inception* 29.44% 29.42%
5Average Annual
61 Year -16.05% -16.07%
73 Year 5.68% 5.63%
85 Year 3.70% 3.65%
9Since Inception* 5.11% 5.10%
index Quarter End Performance (As of 03/31/2023) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
1Quarter 0.59% 0.46%
2Year To Date 0.59% 0.46%
3Since Inception* 32.79% 32.67%
4Average Annual
51 Year -22.70% -22.86%
63 Year 9.14% 9.22%
75 Year 5.24% 5.58%
8Since Inception* 5.82% 5.80%

*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.

ETF Holdings

As of DATE

index Name Ticker CUSIP or Other Identifier Weight Shares
0EQUINIX INC EQIX 29444U700 4.55% 7,037
1PROLOGIS INC. PLD 74340W103 4.30% 40,358
2AVALONBAY CMNTYS INC AVB 053484101 4.19% 27,130
3DIGITAL RLTY TR INC DLR 253868103 3.71% 41,366
4BROADSTONE NET LEASE INC BNL 11135E203 3.30% 239,646
5EQUITY RESIDENTIAL EQR 29476L107 3.23% 60,076
6AMERICAN HOMES 4 RENT AMH 02665T306 3.09% 103,704
7TERRENO RLTY CORP TRNO 88146M101 2.98% 56,006
8EASTERLY GOVT PPTYS INC DEA 27616P103 2.50% 208,104
9ESSEX PPTY TR INC ESS 297178105 2.43% 12,456
10SIMON PPTY GROUP INC NEW SPG 828806109 2.41% 26,582
11MID-AMER APT CMNTYS INC MAA 59522J103 2.34% 18,184
12UDR INC UDR 902653104 2.31% 65,721
13MARRIOTT INTL INC NEW MAR 571903202 2.12% 14,055
14WELLTOWER INC WELL 95040Q104 2.08% 32,224
15EMPIRE ST RLTY TR INC ESRT 292104106 1.88% 352,567
16STAG INDL INC STAG 85254J102 1.85% 60,374
17KILROY RLTY CORP KRC 49427F108 1.84% 77,538
18WP CAREY INC WPC 92936U109 1.77% 29,418
19ALEXANDRIA REAL ESTATE EQ INC COM ARE 015271109 1.65% 16,730
20HILTON WORLDWIDE HLDGS INC HLT 43300A203 1.62% 13,292
21CAMDEN PPTY TR CPT 133131102 1.50% 16,330
22FEDERAL RLTY INVT TR NEW FRT 313745101 1.46% 18,768
23BOSTON PROPERTIES INC BXP 101121101 1.37% 31,748
24REGENCY CTRS CORP REG 758849103 1.35% 27,201
25HIGHWOODS PPTYS INC HIW 431284108 1.28% 70,559
26LXP INDUSTRIAL TRUST LXP 529043101 1.26% 139,050
27EASTGROUP PPTYS INC EGP 277276101 1.25% 8,703
28VENTAS INC VTR 92276F100 1.25% 32,340
29INVITATION HOMES INC INVH 46187W107 1.15% 38,945
30KIMCO RLTY CORP KIM 49446R109 1.15% 72,099
31INNOVATIVE INDL PPTYS INC IIPR 45781V101 1.12% 19,034
32RETAIL OPPORTUNITY INVTS CORP COM ROIC 76131N101 1.07% 99,411
33AMERICOLD REALTY TRUST INC COLD 03064D108 1.06% 41,652
34SUN CMNTYS INC SUI 866674104 1.04% 9,225
35CORPORATE OFFICE PPTYS TR OFC 22002T108 0.94% 47,465
36PUBLIC STORAGE PSA 74460D109 0.89% 3,601
37FIRST INDL RLTY TR INC FR 32054K103 0.88% 19,319
38COUSINS PPTYS INC CUZ 222795502 0.87% 50,360
39EQUITY LIFESTYLE PPTYS INC ELS 29472R108 0.85% 15,006
40HEALTHPEAK PROPERTIES INC. PEAK 42250P103 0.85% 48,193
41AGREE RLTY CORP ADC 008492100 0.82% 14,779
42REALTY INCOME CORP O 756109104 0.80% 15,728
43ORION OFFICE REIT INC ONL 68629Y103 0.78% 151,414
44PHILLIPS EDISON & CO INC PECO 71844V201 0.78% 30,336
45HOST HOTELS & RESORTS INC HST 44107P104 0.77% 51,535
46HYATT HOTELS CORP H 448579102 0.76% 7,737
47URSTADT BIDDLE PPTYS INC UBA 917286205 0.74% 43,474
48ESSENTIAL PPTYS RLTY TR INC EPRT 29670E107 0.72% 34,402
49GETTY RLTY CORP NEW GTY 374297109 0.67% 22,730
50RYMAN HOSPITALITY PPTYS INC RHP 78377T107 0.63% 7,580
51KITE RLTY GROUP TR KRG 49803T300 0.60% 35,254
52SITE CTRS CORP SITC 82981J109 0.59% 55,143
53EQUITY COMWLTH EQC 294628102 0.57% 32,323
54SPIRIT RLTY CAP INC NEW SRC 84860W300 0.56% 16,425
55WYNDHAM HOTELS & RESORTS INC COM WH 98311A105 0.54% 8,864
56CHOICE HOTELS INTL INC CHH 169905106 0.53% 5,325
57PHYSICIANS RLTY TR DOC 71943U104 0.53% 44,049
58EXTRA SPACE STORAGE INC EXR 30225T102 0.50% 3,987
59INDUS REALTY TRUST INC INDT 45580R103 0.50% 8,773
60CARETRUST REIT INC CTRE 14174T107 0.48% 28,675
61NATIONAL HEALTH INVS INC NHI 63633D104 0.48% 10,512
62DOUGLAS EMMETT INC DEI 25960P109 0.45% 44,555
63APPLE HOSPITALITY REIT INC APLE 03784Y200 0.44% 33,303
64NATIONAL HEALTHCARE CORP NHC 635906100 0.44% 8,315
65INDEPENDENCE RLTY TR INC IRT 45378A106 0.43% 27,963
66NETSTREIT CORP NTST 64119V303 0.43% 28,291
67LTC PPTYS INC LTC 502175102 0.42% 14,867
68SUNSTONE HOTEL INVS INC NEW SHO 867892101 0.42% 47,680
69LIFE STORAGE INC LSI 53223X107 0.39% 3,501
70OMEGA HEALTHCARE INVS INC OHI 681936100 0.36% 13,885
71COMMUNITY HEALTHCARE TR INC CHCT 20369C106 0.35% 12,264
72APARTMENT INCOME REIT CORP AIRC 03750L109 0.34% 11,154
73CUBESMART CUBE 229663109 0.33% 8,487
74JBG SMITH PPTYS JBGS 46590V100 0.27% 21,702
75Cash & Other Cash&Other Cash&Other 0.26% 306,907
76ARMADA HOFFLER PPTYS INC AHH 04208T108 0.23% 23,824
77ALEXANDER & BALDWIN INC NEW ALEX 014491104 0.18% 10,933
78APARTMENT INVT & MGMT CO AIV 03748R747 0.12% 16,541
79TANGER FACTORY OUTLET CTRS INC COM SKT 875465106 0.12% 6,760
80INVENTRUST PPTYS CORP IVT 46124J201 0.11% 5,750
81ACADIA RLTY TR AKR 004239109 0.10% 8,354
82BRIXMOR PPTY GROUP INC BRX 11120U105 0.10% 5,583
83CENTERSPACE CSR 15202L107 0.10% 1,948
84DIAMONDROCK HOSPITALITY CO DRH 252784301 0.10% 13,508
85HEALTHCARE RLTY TR HR 42226K105 0.10% 5,956
86NNN REIT INC NNN 637417106 0.10% 2,672
87NATIONAL STORAGE AFFILIATES TR COM SHS BEN IN NSA 637870106 0.10% 3,252
88REXFORD INDL RLTY INC REXR 76169C100 0.10% 2,070
89RPT REALTY RPT 74971D101 0.10% 12,404
90URBAN EDGE PPTYS UE 91704F104 0.10% 8,178
91UMH PPTYS INC UMH 903002103 0.10% 7,576
92SAUL CTRS INC BFS 804395101 0.09% 3,057
93ELME COMMUNITIES ELME 939653101 0.09% 6,711
94GLOBAL MED REIT INC GMRE 37954A204 0.09% 11,760
95SABRA HEALTH CARE REIT INC SBRA 78573L106 0.09% 9,564
96XENIA HOTELS & RESORTS INC XHR 984017103 0.09% 8,673
97AMERICAN ASSETS TR INC AAT 024013104 0.08% 4,637
98ALEXANDERS INC ALX 014752109 0.08% 532
99PIEDMONT OFFICE REALTY TR INC COM CL A PDM 720190206 0.07% 12,410
100VORNADO RLTY TR VNO 929042109 0.07% 5,627
ETF holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Premium Discount Chart - {{ fundTicker }}

index Calendar Year 2022 First Quarter 2023 Second Quarter 2023 Third Quarter 2023 Forth Quarter 2023
0Days traded at premium 135 34 21 0 0
1Days traded at NAV 9 1 4 0 0
2Days traded at discount 107 27 18 0 0

This information shows differences between the per share net asset value (NAV) of the ETF and the market price of shares. The market price is the closing price on the exchange where ETF shares are listed. Shareholders may pay more than net asset value when they buy ETF shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.

Country Allocation

As of DATE

Sector Breakdown

As of DATE

index Name Weight
0Residential REITs 22.42%
1Industrial REITs 14.49%
2Office REITs 12.37%
3Retail REITs 11.80%
4Specialized REITs 10.11%
5Real Estate 8.40%
6Health Care REITs 7.08%
7Consumer Discretionary 5.52%
8Diversified REITs 5.02%
9Hotel & Resort REITs 2.29%
10Health Care 0.41%
11Money Market Deposit Account 0.09%

Currency

As of DATE

Contact Us
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1125 Sanctuary Pkwy Suite 515 Alpharetta, GA 30009 404.487.1961 [email protected]

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 Investment Advisory, LLC, 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 Advisory, LLC. PPTY’s sub-adviser is Vident Investment Advisory (VIA). Vident Financial 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 Financial, Vident Advisory or VIA.

Distribution History

As of DATE

index Ex-Dividend Date Income ST Cap Gains MD Cap Gains LT Cap Gains
004/11/2023 0.341218040
112/16/2022 0.2681998
210/18/2022 0.36100839
307/19/2022 0.28340514
404/19/2022 0.29128418
512/30/2021 0.28264844
612/17/2021 0.04984024
710/19/2021 0.26184459
807/20/2021 0.26397021
904/20/2021 0.27559982
1012/18/2020 0.24391827
1110/20/2020 0.25226808
1207/21/2020 0.19973977
1304/21/2020 0.30084733
1412/19/2019 0.25217751
1510/15/2019 0.29728635
1607/16/2019 0.26251215
1704/09/2019 0.20977681
1803/19/2019 0.05033794
1912/19/2018 0.03715127 0.04776 0.02467085
2009/18/2018 0.029251481
2106/19/2018 0.012199864