Videntâs 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 Videntâs investment methodology seeks to produce a portfolio that emphasizes four primary factors — location, property type, leverage, and governance â while employing a rules-based methodology that seeks to generate diversified exposure to the liquid U.S. real estate market.
01/17/2025
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 12/31/2024) | PPTY Nav Returns | PPTY Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | -6.65% | -7.00% |
| 2 | 3 Month | -4.63% | -4.90% |
| 3 | Year To Date | 10.08% | 9.83% |
| 4 | Since Inception* | 63.82% | 63.46% |
| 5 | Average Annual | ||
| 6 | 1 Year | 10.08% | 9.83% |
| 7 | 3 Year | -2.83% | -2.93% |
| 8 | 5 Year | 3.63% | 3.55% |
| 9 | 10 Year | 0.00% | 0.00% |
| 10 | Since Inception* | 7.57% | 7.53% |
| index | Quarter End Performance (As of 12/31/2024) | PPTY Nav Returns | PPTY Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | -4.63% | -4.90% |
| 2 | Year To Date | 10.08% | 9.83% |
| 3 | Since Inception* | 63.82% | 63.46% |
| 4 | Average Annual | ||
| 5 | 1 Year | 10.08% | 9.83% |
| 6 | 3 Year | -2.83% | -2.93% |
| 7 | 5 Year | 3.63% | 3.55% |
| 8 | 10 Year | 0.00% | 0.00% |
| 9 | Since Inception* | 7.57% | 7.53% |
*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 | Equinix Inc | EQIX | 29444U700 | 4.75% | 3,387 |
| 1 | Digital Realty Trust Inc | DLR | 253868103 | 4.26% | 15,477 |
| 2 | AvalonBay Communities Inc | AVB | 053484101 | 4.10% | 12,453 |
| 3 | Prologis Inc | PLD | 74340W103 | 3.81% | 21,643 |
| 4 | Four Corners Property Trust Inc | FCPT | 35086T109 | 3.56% | 84,762 |
| 5 | Alexandria Real Estate Equities Inc | ARE | 015271109 | 3.47% | 22,468 |
| 6 | Simon Property Group Inc | SPG | 828806109 | 2.97% | 11,254 |
| 7 | Equity Residential | EQR | 29476L107 | 2.91% | 27,668 |
| 8 | Welltower Inc | WELL | 95040Q104 | 2.84% | 14,170 |
| 9 | Easterly Government Properties Inc | DEA | 27616P103 | 2.41% | 137,955 |
| 10 | Highwoods Properties Inc | HIW | 431284108 | 2.40% | 52,527 |
| 11 | Marriott International Inc/MD | MAR | 571903202 | 2.39% | 5,724 |
| 12 | American Homes 4 Rent | AMH | 02665T306 | 2.28% | 42,866 |
| 13 | Terreno Realty Corp | TRNO | 88146M101 | 2.26% | 23,392 |
| 14 | UDR Inc | UDR | 902653104 | 2.02% | 32,586 |
| 15 | Essex Property Trust Inc | ESS | 297178105 | 2.00% | 4,665 |
| 16 | Hilton Worldwide Holdings Inc | HLT | 43300A203 | 1.90% | 5,114 |
| 17 | Mid-America Apartment Communities Inc | MAA | 59522J103 | 1.88% | 8,307 |
| 18 | Regency Centers Corp | REG | 758849103 | 1.79% | 16,608 |
| 19 | COPT Defense Properties | CDP | 22002T108 | 1.77% | 39,478 |
| 20 | Independence Realty Trust Inc | IRT | 45378A106 | 1.66% | 57,556 |
| 21 | Cousins Properties Inc | CUZ | 222795502 | 1.64% | 35,050 |
| 22 | STAG Industrial Inc | STAG | 85254J102 | 1.57% | 30,011 |
| 23 | Americold Realty Trust Inc | COLD | 03064D108 | 1.53% | 45,806 |
| 24 | Federal Realty Investment Trust | FRT | 313745101 | 1.48% | 9,255 |
| 25 | Camden Property Trust | CPT | 133131102 | 1.44% | 8,531 |
| 26 | American Assets Trust Inc | AAT | 024013104 | 1.40% | 37,185 |
| 27 | Kimco Realty Corp | KIM | 49446R109 | 1.38% | 40,920 |
| 28 | Ventas Inc | VTR | 92276F100 | 1.35% | 14,869 |
| 29 | EastGroup Properties Inc | EGP | 277276101 | 1.34% | 5,272 |
| 30 | Acadia Realty Trust | AKR | 004239109 | 1.24% | 36,236 |
| 31 | Empire State Realty Trust Inc | ESRT | 292104106 | 1.24% | 83,931 |
| 32 | SL Green Realty Corp | SLG | 78440X887 | 1.20% | 11,874 |
| 33 | WP Carey Inc | WPC | 92936U109 | 1.19% | 13,987 |
| 34 | Tanger Inc | SKT | 875465106 | 1.10% | 22,109 |
| 35 | First Industrial Realty Trust Inc | FR | 32054K103 | 1.03% | 12,952 |
| 36 | Sun Communities Inc | SUI | 866674104 | 1.01% | 5,245 |
| 37 | BXP Inc | BXP | 101121101 | 0.90% | 8,057 |
| 38 | Invitation Homes Inc | INVH | 46187W107 | 0.81% | 17,198 |
| 39 | Innovative Industrial Properties Inc | IIPR | 45781V101 | 0.80% | 7,583 |
| 40 | Public Storage | PSA | 74460D109 | 0.80% | 1,803 |
| 41 | Getty Realty Corp | GTY | 374297109 | 0.79% | 16,797 |
| 42 | Phillips Edison & Co Inc | PECO | 71844V201 | 0.79% | 14,369 |
| 43 | Agree Realty Corp | ADC | 008492100 | 0.78% | 7,124 |
| 44 | HEALTHPEAK PROPERTIES INC. | DOC | 42250P103 | 0.75% | 23,690 |
| 45 | Equity LifeStyle Properties Inc | ELS | 29472R108 | 0.73% | 7,260 |
| 46 | Kite Realty Group Trust | KRG | 49803T300 | 0.73% | 20,561 |
| 47 | Hyatt Hotels Corp | H | 448579102 | 0.70% | 2,993 |
| 48 | Omega Healthcare Investors Inc | OHI | 681936100 | 0.70% | 12,368 |
| 49 | Wyndham Hotels & Resorts Inc | WH | 98311A105 | 0.64% | 4,018 |
| 50 | Host Hotels & Resorts Inc | HST | 44107P104 | 0.63% | 24,388 |
| 51 | Douglas Emmett Inc | DEI | 25960P109 | 0.58% | 21,736 |
| 52 | Extra Space Storage Inc | EXR | 30225T102 | 0.58% | 2,563 |
| 53 | Choice Hotels International Inc | CHH | 169905106 | 0.52% | 2,411 |
| 54 | Realty Income Corp | O | 756109104 | 0.52% | 6,277 |
| 55 | Ryman Hospitality Properties Inc | RHP | 78377T107 | 0.52% | 3,276 |
| 56 | Curbline Properties Corp | CURB | 23128Q101 | 0.45% | 12,558 |
| 57 | Apple Hospitality REIT Inc | APLE | 03784Y200 | 0.42% | 18,189 |
| 58 | Sabra Health Care REIT Inc | SBRA | 78573L106 | 0.42% | 16,517 |
| 59 | CareTrust REIT Inc | CTRE | 14174T107 | 0.40% | 9,837 |
| 60 | Sunstone Hotel Investors Inc | SHO | 867892101 | 0.40% | 22,903 |
| 61 | DigitalBridge Group Inc | DBRG | 25401T603 | 0.39% | 22,101 |
| 62 | NETSTREIT Corp | NTST | 64119V303 | 0.39% | 17,657 |
| 63 | National Health Investors Inc | NHI | 63633D104 | 0.38% | 3,632 |
| 64 | InvenTrust Properties Corp | IVT | 46124J201 | 0.36% | 8,158 |
| 65 | LTC Properties Inc | LTC | 502175102 | 0.33% | 6,251 |
| 66 | Centerspace | CSR | 15202L107 | 0.32% | 3,439 |
| 67 | UMH Properties Inc | UMH | 903002103 | 0.28% | 10,169 |
| 68 | National HealthCare Corp | NHC | 635906100 | 0.26% | 1,707 |
| 69 | CubeSmart | CUBE | 229663109 | 0.25% | 4,008 |
| 70 | Armada Hoffler Properties Inc | AHH | 04208T108 | 0.23% | 15,151 |
| 71 | National Storage Affiliates Trust | NSA | 637870106 | 0.21% | 3,857 |
| 72 | Community Healthcare Trust Inc | CHCT | 20369C106 | 0.20% | 6,498 |
| 73 | Retail Opportunity Investments Corp | ROIC | 76131N101 | 0.20% | 7,626 |
| 74 | Alexander & Baldwin Inc | ALEX | 014491104 | 0.18% | 6,748 |
| 75 | Healthcare Realty Trust Inc | HR | 42226K105 | 0.16% | 6,346 |
| 76 | SITE Centers Corp | SITC | 82981J851 | 0.14% | 6,279 |
| 77 | Vornado Realty Trust | VNO | 929042109 | 0.14% | 2,274 |
| 78 | Brixmor Property Group Inc | BRX | 11120U105 | 0.11% | 2,670 |
| 79 | DiamondRock Hospitality Co | DRH | 252784301 | 0.11% | 7,892 |
| 80 | Kilroy Realty Corp | KRC | 49427F108 | 0.11% | 1,834 |
| 81 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.11% | 70,087 |
| 82 | Apartment Investment and Management Co | AIV | 03748R747 | 0.10% | 7,195 |
| 83 | Broadstone Net Lease Inc | BNL | 11135E203 | 0.10% | 4,080 |
| 84 | Essential Properties Realty Trust Inc | EPRT | 29670E107 | 0.10% | 2,153 |
| 85 | Urban Edge Properties | UE | 91704F104 | 0.10% | 3,327 |
| 86 | Xenia Hotels & Resorts Inc | XHR | 984017103 | 0.10% | 4,654 |
| 87 | Saul Centers Inc | BFS | 804395101 | 0.09% | 1,680 |
| 88 | Elme Communities | ELME | 939653101 | 0.09% | 3,907 |
| 89 | JBG SMITH Properties | JBGS | 46590V100 | 0.09% | 3,929 |
| 90 | NNN REIT Inc | NNN | 637417106 | 0.09% | 1,429 |
| 91 | Global Medical REIT Inc | GMRE | 37954A204 | 0.08% | 6,704 |
| 92 | LXP Industrial Trust | LXP | 529043101 | 0.08% | 6,337 |
| 93 | Rexford Industrial Realty Inc | REXR | 76169C100 | 0.08% | 1,338 |
| 94 | Plymouth Industrial REIT Inc | PLYM | 729640102 | 0.07% | 2,720 |
| 95 | Cash & Other | Cash&Other | Cash&Other | 0.04% | 26,802 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Multi-Family Residential REITs | 16.92% |
| 1 | Retail REITs | 15.82% |
| 2 | Industrial REITs | 11.78% |
| 3 | Office REITs | 11.31% |
| 4 | Health Care REITs | 10.73% |
| 5 | Data Center REITs | 8.94% |
| 6 | Hotels, Resorts & Cruise Lines | 6.15% |
| 7 | Single-Family Residential REITs | 5.25% |
| 8 | Diversified REITs | 4.54% |
| 9 | Other Specialized REITs | 3.46% |
| 10 | Hotel & Resort REITs | 2.22% |
| 11 | Self-Storage REITs | 1.88% |
| 12 | Asset Management & Custody Banks | 0.38% |
| 13 | Money Market Deposit Account | 0.34% |
| 14 | Health Care Facilities | 0.28% |
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 ETFâs 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 ETFâs 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 ETFâs 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 (âModels and Dataâ). 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 ETFâs 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 | 10/16/2024 | 0.544170460 | |||
| 1 | 07/16/2024 | 0.271142530 | |||
| 2 | 04/16/2024 | 0.240887590 | |||
| 3 | 12/15/2023 | 0.291009660 | |||
| 4 | 10/17/2023 | 0.303018850 | |||
| 5 | 07/11/2023 | 0.298152720 | |||
| 6 | 04/11/2023 | 0.341218040 | |||
| 7 | 12/16/2022 | 0.2681998 | |||
| 8 | 10/18/2022 | 0.36100839 | |||
| 9 | 07/19/2022 | 0.28340514 | |||
| 10 | 04/19/2022 | 0.29128418 | |||
| 11 | 12/30/2021 | 0.28264844 | |||
| 12 | 12/17/2021 | 0.04984024 | |||
| 13 | 10/19/2021 | 0.26184459 | |||
| 14 | 07/20/2021 | 0.26397021 | |||
| 15 | 04/20/2021 | 0.27559982 | |||
| 16 | 12/18/2020 | 0.24391827 | |||
| 17 | 10/20/2020 | 0.25226808 | |||
| 18 | 07/21/2020 | 0.19973977 | |||
| 19 | 04/21/2020 | 0.30084733 | |||
| 20 | 12/19/2019 | 0.25217751 | |||
| 21 | 10/15/2019 | 0.29728635 | |||
| 22 | 07/16/2019 | 0.26251215 | |||
| 23 | 04/09/2019 | 0.20977681 | |||
| 24 | 03/19/2019 | 0.05033794 | |||
| 25 | 12/19/2018 | 0.03715127 | 0.04776 | 0.02467085 | |
| 26 | 09/18/2018 | 0.029251481 | |||
| 27 | 06/19/2018 | 0.012199864 |
