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

09/21/2023

Fund Details
PPTY
CUSIP
26922A511
Net Assets
$115,298,143.49
Total Fund Annual Operating Expenses
0.53%
After Fee Waiver*
Inception Date
3/26/2018
Shares Outstanding
4,200,000.00
Distribution Frequency
Quarterly
30-Day SEC Yield (as of 08/31/2023)
3.62%
12 Month Distribution Yield
4.62%
Market Price
$27.49
NAV
$27.45
Premium/Discount
0.14%
30-Day Median Bid-Ask Spread
0.21%
Distribution Calendar
PPTY Q2 2023 Fact Sheet Cover

Fund Fact Sheet

Q2 2023

Group 2
PPTY 07.13.2023 19a-1 Notice

19a-1 Notices

Group 2
pdf thumbnail 1

Fund Literature

Prospectus, SAI, Annual Report, Proxy Statement

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 08/31/2023) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
11 Month -2.72% -2.51%
23 Month 7.95% 8.19%
3Year To Date 5.84% 6.01%
4Since Inception* 39.73% 40.01%
5Average Annual
61 Year -1.76% -1.75%
73 Year 6.05% 6.06%
85 Year 3.82% 3.87%
9Since Inception* 6.35% 6.39%
index Quarter End Performance (As of 06/30/2023) PPTY Nav Returns PPTY Market Price Returns
0Cumulative
1Quarter 3.80% 3.84%
2Year To Date 4.41% 4.31%
3Since Inception* 37.84% 37.76%
4Average Annual
51 Year -2.50% -2.30%
63 Year 7.02% 6.98%
75 Year 4.26% 4.23%
8Since Inception* 6.29% 6.28%

*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
0PROLOGIS INC. PLD 74340W103 3.94% 39,473
1DIGITAL RLTY TR INC DLR 253868103 3.92% 36,377
2EQUINIX INC EQIX 29444U700 3.92% 6,134
3AVALONBAY CMNTYS INC AVB 053484101 3.72% 23,989
4FOUR CORNERS PPTY TR INC FCPT 35086T109 3.60% 176,752
5ALEXANDRIA REAL ESTATE EQ INC COM ARE 015271109 2.91% 32,889
6EASTERLY GOVT PPTYS INC DEA 27616P103 2.82% 269,185
7EMPIRE ST RLTY TR INC ESRT 292104106 2.81% 405,859
8TERRENO RLTY CORP TRNO 88146M101 2.75% 54,235
9EQUITY RESIDENTIAL EQR 29476L107 2.74% 52,734
10SIMON PPTY GROUP INC NEW SPG 828806109 2.54% 25,988
11AMERICAN HOMES 4 RENT AMH 02665T306 2.48% 82,765
12REGENCY CTRS CORP REG 758849103 2.44% 45,856
13KILROY RLTY CORP KRC 49427F108 2.35% 82,603
14MARRIOTT INTL INC NEW MAR 571903202 2.23% 13,134
15WELLTOWER INC WELL 95040Q104 2.16% 29,900
16ESSEX PPTY TR INC ESS 297178105 2.09% 11,063
17AMERICOLD REALTY TRUST INC COLD 03064D108 2.06% 73,916
18UDR INC UDR 902653104 1.91% 60,252
19MID-AMER APT CMNTYS INC MAA 59522J103 1.89% 16,590
20FEDERAL RLTY INVT TR NEW FRT 313745101 1.67% 20,611
21WP CAREY INC WPC 92936U109 1.65% 32,803
22HILTON WORLDWIDE HLDGS INC HLT 43300A203 1.62% 12,524
23STAG INDL INC STAG 85254J102 1.54% 50,875
24HIGHWOODS PPTYS INC HIW 431284108 1.52% 82,975
25INNOVATIVE INDL PPTYS INC IIPR 45781V101 1.44% 20,196
26CAMDEN PPTY TR CPT 133131102 1.39% 16,273
27COPT DEFENSE PROPERTIES CDP 22002T108 1.32% 63,269
28KIMCO RLTY CORP KIM 49446R109 1.24% 80,161
29COUSINS PPTYS INC CUZ 222795502 1.21% 66,961
30EASTGROUP PPTYS INC EGP 277276101 1.19% 8,095
31VENTAS INC VTR 92276F100 1.18% 31,815
32LXP INDUSTRIAL TRUST LXP 529043101 1.01% 123,050
33SUN CMNTYS INC SUI 866674104 1.00% 9,358
34CENTERSPACE CSR 15202L107 0.98% 18,513
35KITE RLTY GROUP TR KRG 49803T300 0.95% 50,525
36ARMADA HOFFLER PPTYS INC AHH 04208T108 0.90% 94,809
37PHILLIPS EDISON & CO INC PECO 71844V201 0.88% 29,932
38INVITATION HOMES INC INVH 46187W107 0.85% 29,901
39HEALTHPEAK PROPERTIES INC. PEAK 42250P103 0.82% 49,969
40TANGER FACTORY OUTLET CTRS INC COM SKT 875465106 0.81% 41,035
41EQUITY LIFESTYLE PPTYS INC ELS 29472R108 0.79% 13,663
42PUBLIC STORAGE PSA 74460D109 0.77% 3,358
43INDEPENDENCE RLTY TR INC IRT 45378A106 0.76% 59,583
44EQUITY COMWLTH EQC 294628102 0.75% 46,417
45HOST HOTELS & RESORTS INC HST 44107P104 0.73% 52,873
46SITE CTRS CORP SITC 82981J109 0.72% 66,285
47GETTY RLTY CORP NEW GTY 374297109 0.69% 27,350
48OMEGA HEALTHCARE INVS INC OHI 681936100 0.69% 23,819
49EXTRA SPACE STORAGE INC EXR 30225T102 0.68% 6,291
50FIRST INDL RLTY TR INC FR 32054K103 0.67% 15,672
51HYATT HOTELS CORP H 448579102 0.65% 7,191
52NETSTREIT CORP NTST 64119V303 0.59% 41,231
53SPIRIT RLTY CAP INC NEW SRC 84860W300 0.59% 19,353
54DOUGLAS EMMETT INC DEI 25960P109 0.57% 51,278
55WYNDHAM HOTELS & RESORTS INC COM WH 98311A105 0.56% 8,937
56CHOICE HOTELS INTL INC CHH 169905106 0.55% 5,155
57RYMAN HOSPITALITY PPTYS INC RHP 78377T107 0.51% 7,154
58AGREE RLTY CORP ADC 008492100 0.50% 9,982
59APPLE HOSPITALITY REIT INC APLE 03784Y200 0.50% 37,022
60Cash & Other Cash&Other Cash&Other 0.46% 527,139
61PHYSICIANS RLTY TR DOC 71943U104 0.42% 39,412
62JBG SMITH PPTYS JBGS 46590V100 0.42% 34,720
63NATIONAL HEALTH INVS INC NHI 63633D104 0.41% 9,147
64CARETRUST REIT INC CTRE 14174T107 0.40% 22,731
65NATIONAL HEALTHCARE CORP NHC 635906100 0.40% 6,915
66SUNSTONE HOTEL INVS INC NEW SHO 867892101 0.40% 51,001
67LTC PPTYS INC LTC 502175102 0.35% 12,808
68COMMUNITY HEALTHCARE TR INC CHCT 20369C106 0.31% 11,731
69INVENTRUST PPTYS CORP IVT 46124J201 0.27% 12,417
70CUBESMART CUBE 229663109 0.26% 7,532
71HEALTHCARE RLTY TR HR 42226K105 0.24% 17,743
72NATIONAL STORAGE AFFILIATES TR COM SHS BEN IN NSA 637870106 0.23% 7,973
73ALEXANDER & BALDWIN INC NEW ALEX 014491104 0.18% 12,281
74UMH PPTYS INC UMH 903002103 0.17% 14,102
75RETAIL OPPORTUNITY INVTS CORP COM ROIC 76131N101 0.15% 12,989
76SABRA HEALTH CARE REIT INC SBRA 78573L106 0.12% 9,585
77SAUL CTRS INC BFS 804395101 0.11% 3,261
78BRIXMOR PPTY GROUP INC BRX 11120U105 0.11% 5,967
79REXFORD INDL RLTY INC REXR 76169C100 0.11% 2,452
80RPT REALTY RPT 74971D101 0.11% 11,501
81VERIS RESIDENTIAL INC VRE 554489104 0.11% 7,658
82APARTMENT INCOME REIT CORP AIRC 03750L109 0.10% 3,557
83ACADIA RLTY TR AKR 004239109 0.10% 8,114
84BROADSTONE NET LEASE INC BNL 11135E203 0.10% 8,055
85BOSTON PROPERTIES INC BXP 101121101 0.10% 1,982
86DIAMONDROCK HOSPITALITY CO DRH 252784301 0.10% 15,363
87ELME COMMUNITIES ELME 939653101 0.10% 7,791
88ESSENTIAL PPTYS RLTY TR INC EPRT 29670E107 0.10% 4,851
89GLOBAL MED REIT INC GMRE 37954A204 0.10% 12,411
90PLYMOUTH INDL REIT INC PLYM 729640102 0.10% 5,357
91URBAN EDGE PPTYS UE 91704F104 0.10% 7,383
92AMERICAN ASSETS TR INC AAT 024013104 0.09% 5,623
93APARTMENT INVT & MGMT CO AIV 03748R747 0.09% 14,278
94NNN REIT INC NNN 637417106 0.09% 2,826
95REALTY INCOME CORP O 756109104 0.09% 1,987
96ORION OFFICE REIT INC ONL 68629Y103 0.09% 19,110
97PEAKSTONE REALTY TRUST PKST 39818P799 0.08% 5,507
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 2022 First Quarter 2023 Second Quarter 2023 Third Quarter 2023 Forth Quarter 2023
0Days traded at premium 135 34 33 42 0
1Days traded at NAV 9 1 5 1 0
2Days traded at discount 107 27 24 14 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
0Residential REITs 19.78%
1Office REITs 14.72%
2Industrial REITs 14.71%
3Retail REITs 11.09%
4Specialized REITs 9.77%
5Real Estate 9.04%
6Health Care REITs 6.61%
7Diversified REITs 6.02%
8Consumer Discretionary 5.48%
9Hotel & Resort REITs 2.12%
10Health Care 0.37%
11Money Market Deposit Account 0.17%
12Financials 0.12%

Currency

As of DATE

Contact Us
Vident Logo white 4clr RGB

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
007/11/2023 0.298152720
104/11/2023 0.341218040
212/16/2022 0.2681998
310/18/2022 0.36100839
407/19/2022 0.28340514
504/19/2022 0.29128418
612/30/2021 0.28264844
712/17/2021 0.04984024
810/19/2021 0.26184459
907/20/2021 0.26397021
1004/20/2021 0.27559982
1112/18/2020 0.24391827
1210/20/2020 0.25226808
1307/21/2020 0.19973977
1404/21/2020 0.30084733
1512/19/2019 0.25217751
1610/15/2019 0.29728635
1707/16/2019 0.26251215
1804/09/2019 0.20977681
1903/19/2019 0.05033794
2012/19/2018 0.03715127 0.04776 0.02467085
2109/18/2018 0.029251481
2206/19/2018 0.012199864