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.
04/22/2024
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 03/31/2024) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | 1 Month | 2.62% | 2.67% |
2 | 3 Month | 0.17% | 0.26% |
3 | Year To Date | 0.17% | 0.26% |
4 | Since Inception* | 49.07% | 49.22% |
5 | Average Annual | ||
6 | 1 Year | 12.26% | 12.47% |
7 | 3 Year | 2.49% | 2.34% |
8 | 5 Year | 3.81% | 3.84% |
9 | 10 Year | 0.00% | 0.00% |
10 | Since Inception* | 6.86% | 6.88% |
index | Quarter End Performance (As of 03/31/2024) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | Quarter | 0.17% | 0.26% |
2 | Year To Date | 0.17% | 0.26% |
3 | Since Inception* | 49.07% | 49.22% |
4 | Average Annual | ||
5 | 1 Year | 12.26% | 12.47% |
6 | 3 Year | 2.49% | 2.34% |
7 | 5 Year | 3.81% | 3.84% |
8 | 10 Year | 0.00% | 0.00% |
9 | Since Inception* | 6.86% | 6.88% |
*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% | 26,346 |
1 | Equinix Inc | EQIX | 29444U700 | 3.60% | 5,854 |
2 | Prologis Inc | PLD | 74340W103 | 3.40% | 40,208 |
3 | Four Corners Property Trust Inc | FCPT | 35086T109 | 3.31% | 173,315 |
4 | Equity Residential | EQR | 29476L107 | 3.04% | 59,619 |
5 | Simon Property Group Inc | SPG | 828806109 | 2.97% | 25,567 |
6 | Easterly Government Properties Inc | DEA | 27616P103 | 2.89% | 301,328 |
7 | Digital Realty Trust Inc | DLR | 253868103 | 2.83% | 25,317 |
8 | American Homes 4 Rent | AMH | 02665T306 | 2.69% | 93,535 |
9 | Terreno Realty Corp | TRNO | 88146M101 | 2.43% | 53,293 |
10 | Welltower Inc | WELL | 95040Q104 | 2.39% | 31,870 |
11 | Kilroy Realty Corp | KRC | 49427F108 | 2.33% | 85,680 |
12 | Alexandria Real Estate Equities Inc | ARE | 015271109 | 2.21% | 22,896 |
13 | Marriott International Inc/MD | MAR | 571903202 | 2.15% | 11,128 |
14 | Mid-America Apartment Communities Inc | MAA | 59522J103 | 2.11% | 20,467 |
15 | UDR Inc | UDR | 902653104 | 2.07% | 68,793 |
16 | Essex Property Trust Inc | ESS | 297178105 | 1.99% | 10,165 |
17 | Highwoods Properties Inc | HIW | 431284108 | 1.85% | 90,065 |
18 | Regency Centers Corp | REG | 758849103 | 1.81% | 37,358 |
19 | Federal Realty Investment Trust | FRT | 313745101 | 1.66% | 19,943 |
20 | Boston Properties Inc | BXP | 101121101 | 1.65% | 32,430 |
21 | Americold Realty Trust Inc | COLD | 03064D108 | 1.65% | 89,950 |
22 | Hilton Worldwide Holdings Inc | HLT | 43300A203 | 1.64% | 10,303 |
23 | American Assets Trust Inc | AAT | 024013104 | 1.57% | 90,009 |
24 | STAG Industrial Inc | STAG | 85254J102 | 1.51% | 52,702 |
25 | Camden Property Trust | CPT | 133131102 | 1.48% | 18,544 |
26 | Innovative Industrial Properties Inc | IIPR | 45781V101 | 1.39% | 17,499 |
27 | Empire State Realty Trust Inc | ESRT | 292104106 | 1.33% | 173,974 |
28 | Cousins Properties Inc | CUZ | 222795502 | 1.32% | 72,054 |
29 | Kimco Realty Corp | KIM | 49446R109 | 1.28% | 84,795 |
30 | HEALTHPEAK PROPERTIES INC. | DOC | 42250P103 | 1.26% | 84,482 |
31 | WP Carey Inc | WPC | 92936U109 | 1.25% | 27,438 |
32 | COPT Defense Properties | CDP | 22002T108 | 1.22% | 65,662 |
33 | Ventas Inc | VTR | 92276F100 | 1.20% | 34,178 |
34 | Centerspace | CSR | 15202L107 | 1.19% | 22,781 |
35 | EastGroup Properties Inc | EGP | 277276101 | 1.18% | 8,837 |
36 | Tanger Inc | SKT | 875465106 | 1.18% | 51,151 |
37 | Apartment Income REIT Corp | AIRC | 03750L109 | 1.13% | 36,374 |
38 | Armada Hoffler Properties Inc | AHH | 04208T108 | 1.03% | 119,826 |
39 | Kite Realty Group Trust | KRG | 49803T300 | 1.01% | 57,520 |
40 | Sun Communities Inc | SUI | 866674104 | 0.98% | 10,140 |
41 | LXP Industrial Trust | LXP | 529043101 | 0.97% | 137,079 |
42 | Invitation Homes Inc | INVH | 46187W107 | 0.95% | 34,544 |
43 | SL Green Realty Corp | SLG | 78440X887 | 0.87% | 20,520 |
44 | Getty Realty Corp | GTY | 374297109 | 0.86% | 38,724 |
45 | DigitalBridge Group Inc | DBRG | 25401T603 | 0.82% | 58,385 |
46 | Public Storage | PSA | 74460D109 | 0.80% | 3,758 |
47 | Phillips Edison & Co Inc | PECO | 71844V201 | 0.79% | 29,296 |
48 | Hyatt Hotels Corp | H | 448579102 | 0.78% | 6,473 |
49 | Equity Commonwealth | EQC | 294628102 | 0.77% | 51,429 |
50 | Equity LifeStyle Properties Inc | ELS | 29472R108 | 0.71% | 14,279 |
51 | Host Hotels & Resorts Inc | HST | 44107P104 | 0.70% | 44,642 |
52 | SITE Centers Corp | SITC | 82981J109 | 0.62% | 55,836 |
53 | Omega Healthcare Investors Inc | OHI | 681936100 | 0.61% | 24,741 |
54 | Extra Space Storage Inc | EXR | 30225T102 | 0.56% | 5,236 |
55 | Agree Realty Corp | ADC | 008492100 | 0.55% | 11,814 |
56 | First Industrial Realty Trust Inc | FR | 32054K103 | 0.55% | 14,720 |
57 | NETSTREIT Corp | NTST | 64119V303 | 0.55% | 39,372 |
58 | Ryman Hospitality Properties Inc | RHP | 78377T107 | 0.53% | 6,019 |
59 | Choice Hotels International Inc | CHH | 169905106 | 0.46% | 4,865 |
60 | National Health Investors Inc | NHI | 63633D104 | 0.46% | 9,005 |
61 | Wyndham Hotels & Resorts Inc | WH | 98311A105 | 0.45% | 7,836 |
62 | CareTrust REIT Inc | CTRE | 14174T107 | 0.42% | 21,568 |
63 | Apple Hospitality REIT Inc | APLE | 03784Y200 | 0.40% | 31,897 |
64 | Sunstone Hotel Investors Inc | SHO | 867892101 | 0.37% | 43,626 |
65 | Douglas Emmett Inc | DEI | 25960P109 | 0.33% | 30,124 |
66 | Community Healthcare Trust Inc | CHCT | 20369C106 | 0.31% | 14,971 |
67 | LTC Properties Inc | LTC | 502175102 | 0.31% | 12,021 |
68 | CubeSmart | CUBE | 229663109 | 0.30% | 8,765 |
69 | National HealthCare Corp | NHC | 635906100 | 0.30% | 4,133 |
70 | Sabra Health Care REIT Inc | SBRA | 78573L106 | 0.29% | 26,076 |
71 | JBG SMITH Properties | JBGS | 46590V100 | 0.28% | 23,255 |
72 | UMH Properties Inc | UMH | 903002103 | 0.28% | 22,017 |
73 | Brixmor Property Group Inc | BRX | 11120U105 | 0.26% | 14,673 |
74 | DiamondRock Hospitality Co | DRH | 252784301 | 0.23% | 30,850 |
75 | National Storage Affiliates Trust | NSA | 637870106 | 0.22% | 7,706 |
76 | InvenTrust Properties Corp | IVT | 46124J201 | 0.19% | 9,185 |
77 | Alexander & Baldwin Inc | ALEX | 014491104 | 0.17% | 12,964 |
78 | Healthcare Realty Trust Inc | HR | 42226K105 | 0.14% | 11,788 |
79 | Rexford Industrial Realty Inc | REXR | 76169C100 | 0.13% | 3,805 |
80 | Apartment Investment and Management Co | AIV | 03748R747 | 0.11% | 16,648 |
81 | Essential Properties Realty Trust Inc | EPRT | 29670E107 | 0.11% | 5,158 |
82 | Independence Realty Trust Inc | IRT | 45378A106 | 0.11% | 8,433 |
83 | Acadia Realty Trust | AKR | 004239109 | 0.10% | 7,292 |
84 | Broadstone Net Lease Inc | BNL | 11135E203 | 0.10% | 8,253 |
85 | Elme Communities | ELME | 939653101 | 0.10% | 8,594 |
86 | NNN REIT Inc | NNN | 637417106 | 0.10% | 3,100 |
87 | Realty Income Corp | O | 756109104 | 0.10% | 2,321 |
88 | Plymouth Industrial REIT Inc | PLYM | 729640102 | 0.10% | 5,640 |
89 | Urban Edge Properties | UE | 91704F104 | 0.10% | 7,219 |
90 | Vornado Realty Trust | VNO | 929042109 | 0.10% | 4,409 |
91 | Saul Centers Inc | BFS | 804395101 | 0.09% | 3,211 |
92 | Retail Opportunity Investments Corp | ROIC | 76131N101 | 0.09% | 9,122 |
93 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.09% | 115,171 |
94 | Global Medical REIT Inc | GMRE | 37954A204 | 0.08% | 12,445 |
95 | Cash & Other | Cash&Other | Cash&Other | 0.05% | 67,267 |
index | Calendar Year 2023 | First Quarter 2024 | Second Quarter 2024 | Third Quarter 2024 | Forth Quarter 2024 | |
---|---|---|---|---|---|---|
0 | Days traded at premium | 154 | 36 | 11 | 0 | 0 |
1 | Days traded at NAV | 9 | 6 | 1 | 0 | 0 |
2 | Days traded at discount | 87 | 19 | 4 | 0 | 0 |
As of DATE
As of DATE
index | Name | Weight |
---|---|---|
0 | Residential REITs | 19.49% |
1 | Office REITs | 14.83% |
2 | Industrial REITs | 14.39% |
3 | Real Estate | 11.68% |
4 | Retail REITs | 11.05% |
5 | Specialized REITs | 7.67% |
6 | Health Care REITs | 7.02% |
7 | Consumer Discretionary | 5.60% |
8 | Diversified REITs | 5.40% |
9 | Hotel & Resort REITs | 2.26% |
10 | Money Market Deposit Account | 0.31% |
11 | Health Care | 0.30% |
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 | 04/16/2024 | 0.240887590 | |||
1 | 12/15/2023 | 0.291009660 | |||
2 | 10/17/2023 | 0.303018850 | |||
3 | 07/11/2023 | 0.298152720 | |||
4 | 04/11/2023 | 0.341218040 | |||
5 | 12/16/2022 | 0.2681998 | |||
6 | 10/18/2022 | 0.36100839 | |||
7 | 07/19/2022 | 0.28340514 | |||
8 | 04/19/2022 | 0.29128418 | |||
9 | 12/30/2021 | 0.28264844 | |||
10 | 12/17/2021 | 0.04984024 | |||
11 | 10/19/2021 | 0.26184459 | |||
12 | 07/20/2021 | 0.26397021 | |||
13 | 04/20/2021 | 0.27559982 | |||
14 | 12/18/2020 | 0.24391827 | |||
15 | 10/20/2020 | 0.25226808 | |||
16 | 07/21/2020 | 0.19973977 | |||
17 | 04/21/2020 | 0.30084733 | |||
18 | 12/19/2019 | 0.25217751 | |||
19 | 10/15/2019 | 0.29728635 | |||
20 | 07/16/2019 | 0.26251215 | |||
21 | 04/09/2019 | 0.20977681 | |||
22 | 03/19/2019 | 0.05033794 | |||
23 | 12/19/2018 | 0.03715127 | 0.04776 | 0.02467085 | |
24 | 09/18/2018 | 0.029251481 | |||
25 | 06/19/2018 | 0.012199864 |