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.
12/12/2024
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 11/30/2024) | PPTY Nav Returns | PPTY Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | 4.22% | 4.13% |
| 2 | 3 Month | 4.22% | 4.40% |
| 3 | Year To Date | 17.93% | 18.09% |
| 4 | Since Inception* | 75.49% | 75.76% |
| 5 | Average Annual | ||
| 6 | 1 Year | 29.51% | 29.59% |
| 7 | 3 Year | 2.01% | 2.04% |
| 8 | 5 Year | 4.86% | 4.89% |
| 9 | 10 Year | 0.00% | 0.00% |
| 10 | Since Inception* | 8.78% | 8.81% |
| index | Quarter End Performance (As of 09/30/2024) | PPTY Nav Returns | PPTY Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 14.07% | 14.21% |
| 2 | Year To Date | 15.43% | 15.49% |
| 3 | Since Inception* | 71.78% | 71.89% |
| 4 | Average Annual | ||
| 5 | 1 Year | 32.78% | 32.76% |
| 6 | 3 Year | 3.23% | 3.20% |
| 7 | 5 Year | 4.85% | 4.85% |
| 8 | 10 Year | 0.00% | 0.00% |
| 9 | Since Inception* | 8.66% | 8.67% |
*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 | 4.76% | 3,931 |
| 1 | Digital Realty Trust Inc | DLR | 253868103 | 4.15% | 17,957 |
| 2 | AvalonBay Communities Inc | AVB | 053484101 | 4.09% | 14,451 |
| 3 | Four Corners Property Trust Inc | FCPT | 35086T109 | 3.53% | 98,350 |
| 4 | Prologis Inc | PLD | 74340W103 | 3.48% | 25,114 |
| 5 | Alexandria Real Estate Equities Inc | ARE | 015271109 | 3.32% | 26,070 |
| 6 | Equity Residential | EQR | 29476L107 | 2.94% | 32,104 |
| 7 | Simon Property Group Inc | SPG | 828806109 | 2.87% | 13,060 |
| 8 | Welltower Inc | WELL | 95040Q104 | 2.62% | 16,443 |
| 9 | Marriott International Inc/MD | MAR | 571903202 | 2.39% | 6,640 |
| 10 | American Homes 4 Rent | AMH | 02665T306 | 2.33% | 49,719 |
| 11 | Easterly Government Properties Inc | DEA | 27616P103 | 2.33% | 160,008 |
| 12 | Highwoods Properties Inc | HIW | 431284108 | 2.33% | 60,925 |
| 13 | Terreno Realty Corp | TRNO | 88146M101 | 2.10% | 27,131 |
| 14 | UDR Inc | UDR | 902653104 | 2.10% | 37,796 |
| 15 | Essex Property Trust Inc | ESS | 297178105 | 2.03% | 5,411 |
| 16 | Mid-America Apartment Communities Inc | MAA | 59522J103 | 1.90% | 9,635 |
| 17 | Hilton Worldwide Holdings Inc | HLT | 43300A203 | 1.89% | 5,931 |
| 18 | COPT Defense Properties | CDP | 22002T108 | 1.86% | 45,790 |
| 19 | Regency Centers Corp | REG | 758849103 | 1.80% | 19,262 |
| 20 | Independence Realty Trust Inc | IRT | 45378A106 | 1.78% | 66,758 |
| 21 | STAG Industrial Inc | STAG | 85254J102 | 1.54% | 34,809 |
| 22 | Cousins Properties Inc | CUZ | 222795502 | 1.53% | 40,653 |
| 23 | Federal Realty Investment Trust | FRT | 313745101 | 1.51% | 10,734 |
| 24 | Camden Property Trust | CPT | 133131102 | 1.49% | 9,895 |
| 25 | American Assets Trust Inc | AAT | 024013104 | 1.48% | 43,128 |
| 26 | Americold Realty Trust Inc | COLD | 03064D108 | 1.48% | 53,129 |
| 27 | Kimco Realty Corp | KIM | 49446R109 | 1.44% | 47,462 |
| 28 | Empire State Realty Trust Inc | ESRT | 292104106 | 1.35% | 97,348 |
| 29 | Acadia Realty Trust | AKR | 004239109 | 1.32% | 42,029 |
| 30 | EastGroup Properties Inc | EGP | 277276101 | 1.29% | 6,116 |
| 31 | Ventas Inc | VTR | 92276F100 | 1.29% | 17,246 |
| 32 | SL Green Realty Corp | SLG | 78440X887 | 1.25% | 13,773 |
| 33 | Innovative Industrial Properties Inc | IIPR | 45781V101 | 1.14% | 8,878 |
| 34 | Tanger Inc | SKT | 875465106 | 1.13% | 25,644 |
| 35 | WP Carey Inc | WPC | 92936U109 | 1.13% | 16,223 |
| 36 | First Industrial Realty Trust Inc | FR | 32054K103 | 0.97% | 15,023 |
| 37 | BXP Inc | BXP | 101121101 | 0.93% | 9,345 |
| 38 | Sun Communities Inc | SUI | 866674104 | 0.93% | 6,084 |
| 39 | Invitation Homes Inc | INVH | 46187W107 | 0.83% | 20,134 |
| 40 | Public Storage | PSA | 74460D109 | 0.83% | 2,091 |
| 41 | Phillips Edison & Co Inc | PECO | 71844V201 | 0.82% | 16,826 |
| 42 | Getty Realty Corp | GTY | 374297109 | 0.79% | 19,667 |
| 43 | Kite Realty Group Trust | KRG | 49803T300 | 0.79% | 24,071 |
| 44 | Agree Realty Corp | ADC | 008492100 | 0.76% | 8,342 |
| 45 | HEALTHPEAK PROPERTIES INC. | DOC | 42250P103 | 0.72% | 27,736 |
| 46 | Equity LifeStyle Properties Inc | ELS | 29472R108 | 0.72% | 8,499 |
| 47 | Omega Healthcare Investors Inc | OHI | 681936100 | 0.70% | 14,482 |
| 48 | Hyatt Hotels Corp | H | 448579102 | 0.69% | 3,504 |
| 49 | Host Hotels & Resorts Inc | HST | 44107P104 | 0.67% | 28,553 |
| 50 | Douglas Emmett Inc | DEI | 25960P109 | 0.62% | 25,446 |
| 51 | Wyndham Hotels & Resorts Inc | WH | 98311A105 | 0.61% | 4,704 |
| 52 | Extra Space Storage Inc | EXR | 30225T102 | 0.59% | 2,997 |
| 53 | Ryman Hospitality Properties Inc | RHP | 78377T107 | 0.55% | 3,836 |
| 54 | Choice Hotels International Inc | CHH | 169905106 | 0.51% | 2,824 |
| 55 | Realty Income Corp | O | 756109104 | 0.50% | 7,348 |
| 56 | Curbline Properties Corp | CURB | 23128Q101 | 0.44% | 14,700 |
| 57 | Apple Hospitality REIT Inc | APLE | 03784Y200 | 0.43% | 21,297 |
| 58 | Sabra Health Care REIT Inc | SBRA | 78573L106 | 0.42% | 19,338 |
| 59 | CareTrust REIT Inc | CTRE | 14174T107 | 0.41% | 11,517 |
| 60 | Sunstone Hotel Investors Inc | SHO | 867892101 | 0.41% | 26,816 |
| 61 | DigitalBridge Group Inc | DBRG | 25401T603 | 0.40% | 25,874 |
| 62 | National Health Investors Inc | NHI | 63633D104 | 0.38% | 4,255 |
| 63 | NETSTREIT Corp | NTST | 64119V303 | 0.38% | 20,674 |
| 64 | InvenTrust Properties Corp | IVT | 46124J201 | 0.37% | 9,551 |
| 65 | Centerspace | CSR | 15202L107 | 0.35% | 4,027 |
| 66 | LTC Properties Inc | LTC | 502175102 | 0.33% | 7,322 |
| 67 | National HealthCare Corp | NHC | 635906100 | 0.30% | 2,001 |
| 68 | UMH Properties Inc | UMH | 903002103 | 0.29% | 11,905 |
| 69 | CubeSmart | CUBE | 229663109 | 0.27% | 4,694 |
| 70 | Armada Hoffler Properties Inc | AHH | 04208T108 | 0.24% | 17,741 |
| 71 | National Storage Affiliates Trust | NSA | 637870106 | 0.23% | 4,515 |
| 72 | Alexander & Baldwin Inc | ALEX | 014491104 | 0.19% | 7,903 |
| 73 | Retail Opportunity Investments Corp | ROIC | 76131N101 | 0.19% | 8,928 |
| 74 | Community Healthcare Trust Inc | CHCT | 20369C106 | 0.17% | 7,611 |
| 75 | Healthcare Realty Trust Inc | HR | 42226K105 | 0.16% | 7,431 |
| 76 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.16% | 128,142 |
| 77 | Vornado Realty Trust | VNO | 929042109 | 0.15% | 2,659 |
| 78 | Cash & Other | Cash&Other | Cash&Other | 0.15% | 116,825 |
| 79 | SITE Centers Corp | SITC | 82981J851 | 0.14% | 7,350 |
| 80 | Brixmor Property Group Inc | BRX | 11120U105 | 0.11% | 3,125 |
| 81 | DiamondRock Hospitality Co | DRH | 252784301 | 0.11% | 9,239 |
| 82 | Kilroy Realty Corp | KRC | 49427F108 | 0.11% | 2,149 |
| 83 | Urban Edge Properties | UE | 91704F104 | 0.11% | 3,894 |
| 84 | Xenia Hotels & Resorts Inc | XHR | 984017103 | 0.11% | 5,448 |
| 85 | Saul Centers Inc | BFS | 804395101 | 0.10% | 1,967 |
| 86 | Broadstone Net Lease Inc | BNL | 11135E203 | 0.10% | 4,777 |
| 87 | Essential Properties Realty Trust Inc | EPRT | 29670E107 | 0.10% | 2,524 |
| 88 | Apartment Investment and Management Co | AIV | 03748R747 | 0.09% | 8,420 |
| 89 | Elme Communities | ELME | 939653101 | 0.09% | 4,572 |
| 90 | JBG SMITH Properties | JBGS | 46590V100 | 0.09% | 4,601 |
| 91 | NNN REIT Inc | NNN | 637417106 | 0.09% | 1,674 |
| 92 | Global Medical REIT Inc | GMRE | 37954A204 | 0.08% | 7,848 |
| 93 | LXP Industrial Trust | LXP | 529043101 | 0.08% | 7,422 |
| 94 | Rexford Industrial Realty Inc | REXR | 76169C100 | 0.08% | 1,569 |
| 95 | Plymouth Industrial REIT Inc | PLYM | 729640102 | 0.07% | 3,182 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Multi-Family Residential REITs | 16.08% |
| 1 | Retail REITs | 15.21% |
| 2 | Industrial REITs | 12.82% |
| 3 | Office REITs | 12.76% |
| 4 | Health Care REITs | 11.44% |
| 5 | Data Center REITs | 8.41% |
| 6 | Hotels, Resorts & Cruise Lines | 5.52% |
| 7 | Single-Family Residential REITs | 4.99% |
| 8 | Diversified REITs | 4.48% |
| 9 | Other Specialized REITs | 3.37% |
| 10 | Hotel & Resort REITs | 2.05% |
| 11 | Self-Storage REITs | 1.98% |
| 12 | Asset Management & Custody Banks | 0.51% |
| 13 | Health Care Facilities | 0.29% |
| 14 | Money Market Deposit Account | 0.09% |
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 |
