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

09/13/2024

Fund Details
PPTY
CUSIP
26922A511
Net Assets
$143,595,241.95
Total Fund Annual Operating Expenses
0.53%
After Fee Waiver*
Inception Date
3/26/2018
Shares Outstanding
4,150,000.00
Distribution Frequency
Quarterly
30-Day SEC Yield (as of 08/31/2024)
3.19%
12 Month Distribution Yield
3.19%
Market Price
$34.62
NAV
$34.60
Premium/Discount
0.04%
30-Day Median Bid-Ask Spread
0.25%
Distribution Calendar
2024_Q2 PPTY Fact Sheet Final

Fund Fact Sheet

Q2 2024

Group 2
Screenshot 2023 12 20 at 10.18.23 AM

19a-1 Notices

Group 2
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Fund Literature

Prospectus, SAI, Annual Report, Form N-PX

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 08/31/2024) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
11 Month 4.75% 4.52%
23 Month 14.93% 14.80%
3Year To Date 13.15% 13.12%
4Since Inception* 68.39% 68.35%
5Average Annual
61 Year 20.51% 20.24%
73 Year 1.21% 1.20%
85 Year 5.00% 5.01%
910 Year 0.00% 0.00%
10Since Inception* 8.44% 8.43%
index Quarter End Performance (As of 06/30/2024) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
1Quarter 1.03% 0.87%
2Year To Date 1.19% 1.13%
3Since Inception* 50.60% 50.51%
4Average Annual
51 Year 9.26% 9.25%
63 Year -0.49% -0.54%
75 Year 3.51% 3.52%
810 Year 0.00% 0.00%
9Since 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.

ETF Holdings

As of DATE

index Name Ticker CUSIP or Other Identifier Weight Shares
0Equinix Inc EQIX 29444U700 4.11% 6,774
1AvalonBay Communities Inc AVB 053484101 4.07% 24,899
2Alexandria Real Estate Equities Inc ARE 015271109 3.89% 44,918
3Prologis Inc PLD 74340W103 3.89% 43,269
4Four Corners Property Trust Inc FCPT 35086T109 3.59% 169,452
5Digital Realty Trust Inc DLR 253868103 3.42% 30,940
6Equity Residential EQR 29476L107 3.01% 55,315
7Easterly Government Properties Inc DEA 27616P103 2.64% 275,685
8Simon Property Group Inc SPG 828806109 2.57% 22,503
9Welltower Inc WELL 95040Q104 2.56% 28,332
10American Homes 4 Rent AMH 02665T306 2.45% 85,664
11Highwoods Properties Inc HIW 431284108 2.40% 104,970
12Terreno Realty Corp TRNO 88146M101 2.26% 46,746
13UDR Inc UDR 902653104 2.14% 65,136
14Essex Property Trust Inc ESS 297178105 2.04% 9,325
15Mid-America Apartment Communities Inc MAA 59522J103 1.92% 16,595
16Americold Realty Trust Inc COLD 03064D108 1.85% 91,539
17Marriott International Inc/MD MAR 571903202 1.85% 11,440
18Regency Centers Corp REG 758849103 1.73% 33,189
19Independence Realty Trust Inc IRT 45378A106 1.68% 115,020
20STAG Industrial Inc STAG 85254J102 1.67% 59,960
21COPT Defense Properties CDP 22002T108 1.65% 78,853
22Hilton Worldwide Holdings Inc HLT 43300A203 1.54% 10,221
23Federal Realty Investment Trust FRT 313745101 1.51% 18,515
24Camden Property Trust CPT 133131102 1.49% 17,048
25Cousins Properties Inc CUZ 222795502 1.44% 70,044
26American Assets Trust Inc AAT 024013104 1.38% 74,309
27EastGroup Properties Inc EGP 277276101 1.38% 10,537
28Innovative Industrial Properties Inc IIPR 45781V101 1.38% 15,298
29Kimco Realty Corp KIM 49446R109 1.37% 81,775
30Ventas Inc VTR 92276F100 1.35% 29,714
31Empire State Realty Trust Inc ESRT 292104106 1.23% 167,725
32WP Carey Inc WPC 92936U109 1.23% 27,952
33Acadia Realty Trust AKR 004239109 1.16% 72,415
34SL Green Realty Corp SLG 78440X887 1.15% 23,731
35Sun Communities Inc SUI 866674104 1.08% 10,484
36First Industrial Realty Trust Inc FR 32054K103 1.02% 25,908
37Equity Commonwealth EQC 294628102 1.00% 70,817
38Tanger Inc SKT 875465106 0.98% 44,183
39BXP Inc BXP 101121101 0.90% 16,103
40Public Storage PSA 74460D109 0.90% 3,605
41Invitation Homes Inc INVH 46187W107 0.89% 34,689
42Equity LifeStyle Properties Inc ELS 29472R108 0.78% 14,645
43Phillips Edison & Co Inc PECO 71844V201 0.78% 28,985
44Agree Realty Corp ADC 008492100 0.77% 14,375
45Kite Realty Group Trust KRG 49803T300 0.77% 41,465
46Getty Realty Corp GTY 374297109 0.76% 33,886
47HEALTHPEAK PROPERTIES INC. DOC 42250P103 0.75% 47,789
48Omega Healthcare Investors Inc OHI 681936100 0.71% 24,954
49Extra Space Storage Inc EXR 30225T102 0.63% 5,163
50Hyatt Hotels Corp H 448579102 0.61% 6,038
51Host Hotels & Resorts Inc HST 44107P104 0.60% 49,196
52Realty Income Corp O 756109104 0.55% 12,658
53SITE Centers Corp SITC 82981J851 0.53% 12,663
54Douglas Emmett Inc DEI 25960P109 0.51% 43,843
55Ryman Hospitality Properties Inc RHP 78377T107 0.47% 6,611
56DigitalBridge Group Inc DBRG 25401T603 0.44% 44,581
57Wyndham Hotels & Resorts Inc WH 98311A105 0.44% 8,107
58CareTrust REIT Inc CTRE 14174T107 0.43% 19,844
59National Health Investors Inc NHI 63633D104 0.43% 7,334
60Sabra Health Care REIT Inc SBRA 78573L106 0.43% 33,320
61Choice Hotels International Inc CHH 169905106 0.42% 4,868
62NETSTREIT Corp NTST 64119V303 0.42% 35,622
63Apple Hospitality REIT Inc APLE 03784Y200 0.37% 36,721
64Centerspace CSR 15202L107 0.36% 6,939
65InvenTrust Properties Corp IVT 46124J201 0.34% 16,456
66LTC Properties Inc LTC 502175102 0.33% 12,617
67Sunstone Hotel Investors Inc SHO 867892101 0.33% 46,204
68CubeSmart CUBE 229663109 0.30% 8,089
69National HealthCare Corp NHC 635906100 0.30% 3,450
70U.S. Bank Money Market Deposit Account 06/01/2031 USBFS03 8AMMF0A84 0.30% 424,103
71UMH Properties Inc UMH 903002103 0.29% 20,513
72National Storage Affiliates Trust NSA 637870106 0.26% 7,780
73Armada Hoffler Properties Inc AHH 04208T108 0.25% 30,568
74Cash & Other Cash&Other Cash&Other 0.20% 281,279
75Alexander & Baldwin Inc ALEX 014491104 0.19% 13,619
76Healthcare Realty Trust Inc HR 42226K105 0.17% 12,805
77Retail Opportunity Investments Corp ROIC 76131N101 0.17% 15,384
78Community Healthcare Trust Inc CHCT 20369C106 0.16% 13,115
79Vornado Realty Trust VNO 929042109 0.12% 4,581
80Broadstone Net Lease Inc BNL 11135E203 0.11% 8,233
81Brixmor Property Group Inc BRX 11120U105 0.11% 5,385
82Saul Centers Inc BFS 804395101 0.10% 3,390
83Elme Communities ELME 939653101 0.10% 7,878
84Essential Properties Realty Trust Inc EPRT 29670E107 0.10% 4,352
85JBG SMITH Properties JBGS 46590V100 0.10% 7,930
86NNN REIT Inc NNN 637417106 0.10% 2,886
87Rexford Industrial Realty Inc REXR 76169C100 0.10% 2,705
88Urban Edge Properties UE 91704F104 0.10% 6,711
89Apartment Investment and Management Co AIV 03748R747 0.09% 14,508
90DiamondRock Hospitality Co DRH 252784301 0.09% 15,918
91Global Medical REIT Inc GMRE 37954A204 0.09% 13,529
92Kilroy Realty Corp KRC 49427F108 0.09% 3,705
93LXP Industrial Trust LXP 529043101 0.09% 12,790
94Plymouth Industrial REIT Inc PLYM 729640102 0.09% 5,483
95Xenia Hotels & Resorts Inc XHR 984017103 0.09% 9,386
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 2023 First Quarter 2024 Second Quarter 2024 Third Quarter 2024 Forth Quarter 2024
0Days traded at premium 154 36 48 34 0
1Days traded at NAV 9 6 2 4 0
2Days traded at discount 87 19 13 15 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
0Multi-Family Residential REITs 15.94%
1Retail REITs 14.80%
2Industrial REITs 14.62%
3Office REITs 12.44%
4Health Care REITs 11.03%
5Data Center REITs 7.48%
6Single-Family Residential REITs 5.26%
7Hotels, Resorts & Cruise Lines 5.19%
8Diversified REITs 4.72%
9Other Specialized REITs 3.45%
10Hotel & Resort REITs 2.11%
11Self-Storage REITs 1.96%
12Real Estate Operating Companies 0.47%
13Health Care Facilities 0.35%
14Money Market Deposit Account 0.18%

Currency

As of DATE

Contact Us
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1125 Sanctuary Pkwy

Suite 515

Alpharetta, GA 30009

404.267.1501

[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 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.

Distribution History

As of DATE

index Ex-Dividend Date Income ST Cap Gains MD Cap Gains LT Cap Gains
007/16/2024 0.271142530
104/16/2024 0.240887590
212/15/2023 0.291009660
310/17/2023 0.303018850
407/11/2023 0.298152720
504/11/2023 0.341218040
612/16/2022 0.2681998
710/18/2022 0.36100839
807/19/2022 0.28340514
904/19/2022 0.29128418
1012/30/2021 0.28264844
1112/17/2021 0.04984024
1210/19/2021 0.26184459
1307/20/2021 0.26397021
1404/20/2021 0.27559982
1512/18/2020 0.24391827
1610/20/2020 0.25226808
1707/21/2020 0.19973977
1804/21/2020 0.30084733
1912/19/2019 0.25217751
2010/15/2019 0.29728635
2107/16/2019 0.26251215
2204/09/2019 0.20977681
2303/19/2019 0.05033794
2412/19/2018 0.03715127 0.04776 0.02467085
2509/18/2018 0.029251481
2606/19/2018 0.012199864