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.
06/02/2023
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.
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 05/31/2023) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | 1 Month | -2.69% | -2.65% |
2 | 3 Month | -6.24% | -6.25% |
3 | Year To Date | -1.95% | -2.01% |
4 | Since Inception* | 29.44% | 29.42% |
5 | Average Annual | ||
6 | 1 Year | -16.05% | -16.07% |
7 | 3 Year | 5.68% | 5.63% |
8 | 5 Year | 3.70% | 3.65% |
9 | Since Inception* | 5.11% | 5.10% |
index | Quarter End Performance (As of 03/31/2023) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | Quarter | 0.59% | 0.46% |
2 | Year To Date | 0.59% | 0.46% |
3 | Since Inception* | 32.79% | 32.67% |
4 | Average Annual | ||
5 | 1 Year | -22.70% | -22.86% |
6 | 3 Year | 9.14% | 9.22% |
7 | 5 Year | 5.24% | 5.58% |
8 | Since 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.
As of DATE
index | Name | Ticker | CUSIP or Other Identifier | Weight | Shares |
---|---|---|---|---|---|
0 | EQUINIX INC | EQIX | 29444U700 | 4.55% | 7,037 |
1 | PROLOGIS INC. | PLD | 74340W103 | 4.30% | 40,358 |
2 | AVALONBAY CMNTYS INC | AVB | 053484101 | 4.19% | 27,130 |
3 | DIGITAL RLTY TR INC | DLR | 253868103 | 3.71% | 41,366 |
4 | BROADSTONE NET LEASE INC | BNL | 11135E203 | 3.30% | 239,646 |
5 | EQUITY RESIDENTIAL | EQR | 29476L107 | 3.23% | 60,076 |
6 | AMERICAN HOMES 4 RENT | AMH | 02665T306 | 3.09% | 103,704 |
7 | TERRENO RLTY CORP | TRNO | 88146M101 | 2.98% | 56,006 |
8 | EASTERLY GOVT PPTYS INC | DEA | 27616P103 | 2.50% | 208,104 |
9 | ESSEX PPTY TR INC | ESS | 297178105 | 2.43% | 12,456 |
10 | SIMON PPTY GROUP INC NEW | SPG | 828806109 | 2.41% | 26,582 |
11 | MID-AMER APT CMNTYS INC | MAA | 59522J103 | 2.34% | 18,184 |
12 | UDR INC | UDR | 902653104 | 2.31% | 65,721 |
13 | MARRIOTT INTL INC NEW | MAR | 571903202 | 2.12% | 14,055 |
14 | WELLTOWER INC | WELL | 95040Q104 | 2.08% | 32,224 |
15 | EMPIRE ST RLTY TR INC | ESRT | 292104106 | 1.88% | 352,567 |
16 | STAG INDL INC | STAG | 85254J102 | 1.85% | 60,374 |
17 | KILROY RLTY CORP | KRC | 49427F108 | 1.84% | 77,538 |
18 | WP CAREY INC | WPC | 92936U109 | 1.77% | 29,418 |
19 | ALEXANDRIA REAL ESTATE EQ INC COM | ARE | 015271109 | 1.65% | 16,730 |
20 | HILTON WORLDWIDE HLDGS INC | HLT | 43300A203 | 1.62% | 13,292 |
21 | CAMDEN PPTY TR | CPT | 133131102 | 1.50% | 16,330 |
22 | FEDERAL RLTY INVT TR NEW | FRT | 313745101 | 1.46% | 18,768 |
23 | BOSTON PROPERTIES INC | BXP | 101121101 | 1.37% | 31,748 |
24 | REGENCY CTRS CORP | REG | 758849103 | 1.35% | 27,201 |
25 | HIGHWOODS PPTYS INC | HIW | 431284108 | 1.28% | 70,559 |
26 | LXP INDUSTRIAL TRUST | LXP | 529043101 | 1.26% | 139,050 |
27 | EASTGROUP PPTYS INC | EGP | 277276101 | 1.25% | 8,703 |
28 | VENTAS INC | VTR | 92276F100 | 1.25% | 32,340 |
29 | INVITATION HOMES INC | INVH | 46187W107 | 1.15% | 38,945 |
30 | KIMCO RLTY CORP | KIM | 49446R109 | 1.15% | 72,099 |
31 | INNOVATIVE INDL PPTYS INC | IIPR | 45781V101 | 1.12% | 19,034 |
32 | RETAIL OPPORTUNITY INVTS CORP COM | ROIC | 76131N101 | 1.07% | 99,411 |
33 | AMERICOLD REALTY TRUST INC | COLD | 03064D108 | 1.06% | 41,652 |
34 | SUN CMNTYS INC | SUI | 866674104 | 1.04% | 9,225 |
35 | CORPORATE OFFICE PPTYS TR | OFC | 22002T108 | 0.94% | 47,465 |
36 | PUBLIC STORAGE | PSA | 74460D109 | 0.89% | 3,601 |
37 | FIRST INDL RLTY TR INC | FR | 32054K103 | 0.88% | 19,319 |
38 | COUSINS PPTYS INC | CUZ | 222795502 | 0.87% | 50,360 |
39 | EQUITY LIFESTYLE PPTYS INC | ELS | 29472R108 | 0.85% | 15,006 |
40 | HEALTHPEAK PROPERTIES INC. | PEAK | 42250P103 | 0.85% | 48,193 |
41 | AGREE RLTY CORP | ADC | 008492100 | 0.82% | 14,779 |
42 | REALTY INCOME CORP | O | 756109104 | 0.80% | 15,728 |
43 | ORION OFFICE REIT INC | ONL | 68629Y103 | 0.78% | 151,414 |
44 | PHILLIPS EDISON & CO INC | PECO | 71844V201 | 0.78% | 30,336 |
45 | HOST HOTELS & RESORTS INC | HST | 44107P104 | 0.77% | 51,535 |
46 | HYATT HOTELS CORP | H | 448579102 | 0.76% | 7,737 |
47 | URSTADT BIDDLE PPTYS INC | UBA | 917286205 | 0.74% | 43,474 |
48 | ESSENTIAL PPTYS RLTY TR INC | EPRT | 29670E107 | 0.72% | 34,402 |
49 | GETTY RLTY CORP NEW | GTY | 374297109 | 0.67% | 22,730 |
50 | RYMAN HOSPITALITY PPTYS INC | RHP | 78377T107 | 0.63% | 7,580 |
51 | KITE RLTY GROUP TR | KRG | 49803T300 | 0.60% | 35,254 |
52 | SITE CTRS CORP | SITC | 82981J109 | 0.59% | 55,143 |
53 | EQUITY COMWLTH | EQC | 294628102 | 0.57% | 32,323 |
54 | SPIRIT RLTY CAP INC NEW | SRC | 84860W300 | 0.56% | 16,425 |
55 | WYNDHAM HOTELS & RESORTS INC COM | WH | 98311A105 | 0.54% | 8,864 |
56 | CHOICE HOTELS INTL INC | CHH | 169905106 | 0.53% | 5,325 |
57 | PHYSICIANS RLTY TR | DOC | 71943U104 | 0.53% | 44,049 |
58 | EXTRA SPACE STORAGE INC | EXR | 30225T102 | 0.50% | 3,987 |
59 | INDUS REALTY TRUST INC | INDT | 45580R103 | 0.50% | 8,773 |
60 | CARETRUST REIT INC | CTRE | 14174T107 | 0.48% | 28,675 |
61 | NATIONAL HEALTH INVS INC | NHI | 63633D104 | 0.48% | 10,512 |
62 | DOUGLAS EMMETT INC | DEI | 25960P109 | 0.45% | 44,555 |
63 | APPLE HOSPITALITY REIT INC | APLE | 03784Y200 | 0.44% | 33,303 |
64 | NATIONAL HEALTHCARE CORP | NHC | 635906100 | 0.44% | 8,315 |
65 | INDEPENDENCE RLTY TR INC | IRT | 45378A106 | 0.43% | 27,963 |
66 | NETSTREIT CORP | NTST | 64119V303 | 0.43% | 28,291 |
67 | LTC PPTYS INC | LTC | 502175102 | 0.42% | 14,867 |
68 | SUNSTONE HOTEL INVS INC NEW | SHO | 867892101 | 0.42% | 47,680 |
69 | LIFE STORAGE INC | LSI | 53223X107 | 0.39% | 3,501 |
70 | OMEGA HEALTHCARE INVS INC | OHI | 681936100 | 0.36% | 13,885 |
71 | COMMUNITY HEALTHCARE TR INC | CHCT | 20369C106 | 0.35% | 12,264 |
72 | APARTMENT INCOME REIT CORP | AIRC | 03750L109 | 0.34% | 11,154 |
73 | CUBESMART | CUBE | 229663109 | 0.33% | 8,487 |
74 | JBG SMITH PPTYS | JBGS | 46590V100 | 0.27% | 21,702 |
75 | Cash & Other | Cash&Other | Cash&Other | 0.26% | 306,907 |
76 | ARMADA HOFFLER PPTYS INC | AHH | 04208T108 | 0.23% | 23,824 |
77 | ALEXANDER & BALDWIN INC NEW | ALEX | 014491104 | 0.18% | 10,933 |
78 | APARTMENT INVT & MGMT CO | AIV | 03748R747 | 0.12% | 16,541 |
79 | TANGER FACTORY OUTLET CTRS INC COM | SKT | 875465106 | 0.12% | 6,760 |
80 | INVENTRUST PPTYS CORP | IVT | 46124J201 | 0.11% | 5,750 |
81 | ACADIA RLTY TR | AKR | 004239109 | 0.10% | 8,354 |
82 | BRIXMOR PPTY GROUP INC | BRX | 11120U105 | 0.10% | 5,583 |
83 | CENTERSPACE | CSR | 15202L107 | 0.10% | 1,948 |
84 | DIAMONDROCK HOSPITALITY CO | DRH | 252784301 | 0.10% | 13,508 |
85 | HEALTHCARE RLTY TR | HR | 42226K105 | 0.10% | 5,956 |
86 | NNN REIT INC | NNN | 637417106 | 0.10% | 2,672 |
87 | NATIONAL STORAGE AFFILIATES TR COM SHS BEN IN | NSA | 637870106 | 0.10% | 3,252 |
88 | REXFORD INDL RLTY INC | REXR | 76169C100 | 0.10% | 2,070 |
89 | RPT REALTY | RPT | 74971D101 | 0.10% | 12,404 |
90 | URBAN EDGE PPTYS | UE | 91704F104 | 0.10% | 8,178 |
91 | UMH PPTYS INC | UMH | 903002103 | 0.10% | 7,576 |
92 | SAUL CTRS INC | BFS | 804395101 | 0.09% | 3,057 |
93 | ELME COMMUNITIES | ELME | 939653101 | 0.09% | 6,711 |
94 | GLOBAL MED REIT INC | GMRE | 37954A204 | 0.09% | 11,760 |
95 | SABRA HEALTH CARE REIT INC | SBRA | 78573L106 | 0.09% | 9,564 |
96 | XENIA HOTELS & RESORTS INC | XHR | 984017103 | 0.09% | 8,673 |
97 | AMERICAN ASSETS TR INC | AAT | 024013104 | 0.08% | 4,637 |
98 | ALEXANDERS INC | ALX | 014752109 | 0.08% | 532 |
99 | PIEDMONT OFFICE REALTY TR INC COM CL A | PDM | 720190206 | 0.07% | 12,410 |
100 | VORNADO RLTY TR | VNO | 929042109 | 0.07% | 5,627 |
index | Calendar Year 2022 | First Quarter 2023 | Second Quarter 2023 | Third Quarter 2023 | Forth Quarter 2023 | |
---|---|---|---|---|---|---|
0 | Days traded at premium | 135 | 34 | 21 | 0 | 0 |
1 | Days traded at NAV | 9 | 1 | 4 | 0 | 0 |
2 | Days traded at discount | 107 | 27 | 18 | 0 | 0 |
As of DATE
As of DATE
index | Name | Weight |
---|---|---|
0 | Residential REITs | 22.42% |
1 | Industrial REITs | 14.49% |
2 | Office REITs | 12.37% |
3 | Retail REITs | 11.80% |
4 | Specialized REITs | 10.11% |
5 | Real Estate | 8.40% |
6 | Health Care REITs | 7.08% |
7 | Consumer Discretionary | 5.52% |
8 | Diversified REITs | 5.02% |
9 | Hotel & Resort REITs | 2.29% |
10 | Health Care | 0.41% |
11 | 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 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.Â
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.
As of DATE
index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
---|---|---|---|---|---|
0 | 04/11/2023 | 0.341218040 | |||
1 | 12/16/2022 | 0.2681998 | |||
2 | 10/18/2022 | 0.36100839 | |||
3 | 07/19/2022 | 0.28340514 | |||
4 | 04/19/2022 | 0.29128418 | |||
5 | 12/30/2021 | 0.28264844 | |||
6 | 12/17/2021 | 0.04984024 | |||
7 | 10/19/2021 | 0.26184459 | |||
8 | 07/20/2021 | 0.26397021 | |||
9 | 04/20/2021 | 0.27559982 | |||
10 | 12/18/2020 | 0.24391827 | |||
11 | 10/20/2020 | 0.25226808 | |||
12 | 07/21/2020 | 0.19973977 | |||
13 | 04/21/2020 | 0.30084733 | |||
14 | 12/19/2019 | 0.25217751 | |||
15 | 10/15/2019 | 0.29728635 | |||
16 | 07/16/2019 | 0.26251215 | |||
17 | 04/09/2019 | 0.20977681 | |||
18 | 03/19/2019 | 0.05033794 | |||
19 | 12/19/2018 | 0.03715127 | 0.04776 | 0.02467085 | |
20 | 09/18/2018 | 0.029251481 | |||
21 | 06/19/2018 | 0.012199864 |