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.
09/21/2023
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 08/31/2023) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | 1 Month | -2.72% | -2.51% |
2 | 3 Month | 7.95% | 8.19% |
3 | Year To Date | 5.84% | 6.01% |
4 | Since Inception* | 39.73% | 40.01% |
5 | Average Annual | ||
6 | 1 Year | -1.76% | -1.75% |
7 | 3 Year | 6.05% | 6.06% |
8 | 5 Year | 3.82% | 3.87% |
9 | Since Inception* | 6.35% | 6.39% |
index | Quarter End Performance (As of 06/30/2023) | PPTY Nav Returns | PPTY Market Price Returns |
---|---|---|---|
0 | Cumulative | ||
1 | Quarter | 3.80% | 3.84% |
2 | Year To Date | 4.41% | 4.31% |
3 | Since Inception* | 37.84% | 37.76% |
4 | Average Annual | ||
5 | 1 Year | -2.50% | -2.30% |
6 | 3 Year | 7.02% | 6.98% |
7 | 5 Year | 4.26% | 4.23% |
8 | Since 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.
As of DATE
index | Name | Ticker | CUSIP or Other Identifier | Weight | Shares |
---|---|---|---|---|---|
0 | PROLOGIS INC. | PLD | 74340W103 | 3.94% | 39,473 |
1 | DIGITAL RLTY TR INC | DLR | 253868103 | 3.92% | 36,377 |
2 | EQUINIX INC | EQIX | 29444U700 | 3.92% | 6,134 |
3 | AVALONBAY CMNTYS INC | AVB | 053484101 | 3.72% | 23,989 |
4 | FOUR CORNERS PPTY TR INC | FCPT | 35086T109 | 3.60% | 176,752 |
5 | ALEXANDRIA REAL ESTATE EQ INC COM | ARE | 015271109 | 2.91% | 32,889 |
6 | EASTERLY GOVT PPTYS INC | DEA | 27616P103 | 2.82% | 269,185 |
7 | EMPIRE ST RLTY TR INC | ESRT | 292104106 | 2.81% | 405,859 |
8 | TERRENO RLTY CORP | TRNO | 88146M101 | 2.75% | 54,235 |
9 | EQUITY RESIDENTIAL | EQR | 29476L107 | 2.74% | 52,734 |
10 | SIMON PPTY GROUP INC NEW | SPG | 828806109 | 2.54% | 25,988 |
11 | AMERICAN HOMES 4 RENT | AMH | 02665T306 | 2.48% | 82,765 |
12 | REGENCY CTRS CORP | REG | 758849103 | 2.44% | 45,856 |
13 | KILROY RLTY CORP | KRC | 49427F108 | 2.35% | 82,603 |
14 | MARRIOTT INTL INC NEW | MAR | 571903202 | 2.23% | 13,134 |
15 | WELLTOWER INC | WELL | 95040Q104 | 2.16% | 29,900 |
16 | ESSEX PPTY TR INC | ESS | 297178105 | 2.09% | 11,063 |
17 | AMERICOLD REALTY TRUST INC | COLD | 03064D108 | 2.06% | 73,916 |
18 | UDR INC | UDR | 902653104 | 1.91% | 60,252 |
19 | MID-AMER APT CMNTYS INC | MAA | 59522J103 | 1.89% | 16,590 |
20 | FEDERAL RLTY INVT TR NEW | FRT | 313745101 | 1.67% | 20,611 |
21 | WP CAREY INC | WPC | 92936U109 | 1.65% | 32,803 |
22 | HILTON WORLDWIDE HLDGS INC | HLT | 43300A203 | 1.62% | 12,524 |
23 | STAG INDL INC | STAG | 85254J102 | 1.54% | 50,875 |
24 | HIGHWOODS PPTYS INC | HIW | 431284108 | 1.52% | 82,975 |
25 | INNOVATIVE INDL PPTYS INC | IIPR | 45781V101 | 1.44% | 20,196 |
26 | CAMDEN PPTY TR | CPT | 133131102 | 1.39% | 16,273 |
27 | COPT DEFENSE PROPERTIES | CDP | 22002T108 | 1.32% | 63,269 |
28 | KIMCO RLTY CORP | KIM | 49446R109 | 1.24% | 80,161 |
29 | COUSINS PPTYS INC | CUZ | 222795502 | 1.21% | 66,961 |
30 | EASTGROUP PPTYS INC | EGP | 277276101 | 1.19% | 8,095 |
31 | VENTAS INC | VTR | 92276F100 | 1.18% | 31,815 |
32 | LXP INDUSTRIAL TRUST | LXP | 529043101 | 1.01% | 123,050 |
33 | SUN CMNTYS INC | SUI | 866674104 | 1.00% | 9,358 |
34 | CENTERSPACE | CSR | 15202L107 | 0.98% | 18,513 |
35 | KITE RLTY GROUP TR | KRG | 49803T300 | 0.95% | 50,525 |
36 | ARMADA HOFFLER PPTYS INC | AHH | 04208T108 | 0.90% | 94,809 |
37 | PHILLIPS EDISON & CO INC | PECO | 71844V201 | 0.88% | 29,932 |
38 | INVITATION HOMES INC | INVH | 46187W107 | 0.85% | 29,901 |
39 | HEALTHPEAK PROPERTIES INC. | PEAK | 42250P103 | 0.82% | 49,969 |
40 | TANGER FACTORY OUTLET CTRS INC COM | SKT | 875465106 | 0.81% | 41,035 |
41 | EQUITY LIFESTYLE PPTYS INC | ELS | 29472R108 | 0.79% | 13,663 |
42 | PUBLIC STORAGE | PSA | 74460D109 | 0.77% | 3,358 |
43 | INDEPENDENCE RLTY TR INC | IRT | 45378A106 | 0.76% | 59,583 |
44 | EQUITY COMWLTH | EQC | 294628102 | 0.75% | 46,417 |
45 | HOST HOTELS & RESORTS INC | HST | 44107P104 | 0.73% | 52,873 |
46 | SITE CTRS CORP | SITC | 82981J109 | 0.72% | 66,285 |
47 | GETTY RLTY CORP NEW | GTY | 374297109 | 0.69% | 27,350 |
48 | OMEGA HEALTHCARE INVS INC | OHI | 681936100 | 0.69% | 23,819 |
49 | EXTRA SPACE STORAGE INC | EXR | 30225T102 | 0.68% | 6,291 |
50 | FIRST INDL RLTY TR INC | FR | 32054K103 | 0.67% | 15,672 |
51 | HYATT HOTELS CORP | H | 448579102 | 0.65% | 7,191 |
52 | NETSTREIT CORP | NTST | 64119V303 | 0.59% | 41,231 |
53 | SPIRIT RLTY CAP INC NEW | SRC | 84860W300 | 0.59% | 19,353 |
54 | DOUGLAS EMMETT INC | DEI | 25960P109 | 0.57% | 51,278 |
55 | WYNDHAM HOTELS & RESORTS INC COM | WH | 98311A105 | 0.56% | 8,937 |
56 | CHOICE HOTELS INTL INC | CHH | 169905106 | 0.55% | 5,155 |
57 | RYMAN HOSPITALITY PPTYS INC | RHP | 78377T107 | 0.51% | 7,154 |
58 | AGREE RLTY CORP | ADC | 008492100 | 0.50% | 9,982 |
59 | APPLE HOSPITALITY REIT INC | APLE | 03784Y200 | 0.50% | 37,022 |
60 | Cash & Other | Cash&Other | Cash&Other | 0.46% | 527,139 |
61 | PHYSICIANS RLTY TR | DOC | 71943U104 | 0.42% | 39,412 |
62 | JBG SMITH PPTYS | JBGS | 46590V100 | 0.42% | 34,720 |
63 | NATIONAL HEALTH INVS INC | NHI | 63633D104 | 0.41% | 9,147 |
64 | CARETRUST REIT INC | CTRE | 14174T107 | 0.40% | 22,731 |
65 | NATIONAL HEALTHCARE CORP | NHC | 635906100 | 0.40% | 6,915 |
66 | SUNSTONE HOTEL INVS INC NEW | SHO | 867892101 | 0.40% | 51,001 |
67 | LTC PPTYS INC | LTC | 502175102 | 0.35% | 12,808 |
68 | COMMUNITY HEALTHCARE TR INC | CHCT | 20369C106 | 0.31% | 11,731 |
69 | INVENTRUST PPTYS CORP | IVT | 46124J201 | 0.27% | 12,417 |
70 | CUBESMART | CUBE | 229663109 | 0.26% | 7,532 |
71 | HEALTHCARE RLTY TR | HR | 42226K105 | 0.24% | 17,743 |
72 | NATIONAL STORAGE AFFILIATES TR COM SHS BEN IN | NSA | 637870106 | 0.23% | 7,973 |
73 | ALEXANDER & BALDWIN INC NEW | ALEX | 014491104 | 0.18% | 12,281 |
74 | UMH PPTYS INC | UMH | 903002103 | 0.17% | 14,102 |
75 | RETAIL OPPORTUNITY INVTS CORP COM | ROIC | 76131N101 | 0.15% | 12,989 |
76 | SABRA HEALTH CARE REIT INC | SBRA | 78573L106 | 0.12% | 9,585 |
77 | SAUL CTRS INC | BFS | 804395101 | 0.11% | 3,261 |
78 | BRIXMOR PPTY GROUP INC | BRX | 11120U105 | 0.11% | 5,967 |
79 | REXFORD INDL RLTY INC | REXR | 76169C100 | 0.11% | 2,452 |
80 | RPT REALTY | RPT | 74971D101 | 0.11% | 11,501 |
81 | VERIS RESIDENTIAL INC | VRE | 554489104 | 0.11% | 7,658 |
82 | APARTMENT INCOME REIT CORP | AIRC | 03750L109 | 0.10% | 3,557 |
83 | ACADIA RLTY TR | AKR | 004239109 | 0.10% | 8,114 |
84 | BROADSTONE NET LEASE INC | BNL | 11135E203 | 0.10% | 8,055 |
85 | BOSTON PROPERTIES INC | BXP | 101121101 | 0.10% | 1,982 |
86 | DIAMONDROCK HOSPITALITY CO | DRH | 252784301 | 0.10% | 15,363 |
87 | ELME COMMUNITIES | ELME | 939653101 | 0.10% | 7,791 |
88 | ESSENTIAL PPTYS RLTY TR INC | EPRT | 29670E107 | 0.10% | 4,851 |
89 | GLOBAL MED REIT INC | GMRE | 37954A204 | 0.10% | 12,411 |
90 | PLYMOUTH INDL REIT INC | PLYM | 729640102 | 0.10% | 5,357 |
91 | URBAN EDGE PPTYS | UE | 91704F104 | 0.10% | 7,383 |
92 | AMERICAN ASSETS TR INC | AAT | 024013104 | 0.09% | 5,623 |
93 | APARTMENT INVT & MGMT CO | AIV | 03748R747 | 0.09% | 14,278 |
94 | NNN REIT INC | NNN | 637417106 | 0.09% | 2,826 |
95 | REALTY INCOME CORP | O | 756109104 | 0.09% | 1,987 |
96 | ORION OFFICE REIT INC | ONL | 68629Y103 | 0.09% | 19,110 |
97 | PEAKSTONE REALTY TRUST | PKST | 39818P799 | 0.08% | 5,507 |
index | Calendar Year 2022 | First Quarter 2023 | Second Quarter 2023 | Third Quarter 2023 | Forth Quarter 2023 | |
---|---|---|---|---|---|---|
0 | Days traded at premium | 135 | 34 | 33 | 42 | 0 |
1 | Days traded at NAV | 9 | 1 | 5 | 1 | 0 |
2 | Days traded at discount | 107 | 27 | 24 | 14 | 0 |
As of DATE
As of DATE
index | Name | Weight |
---|---|---|
0 | Residential REITs | 19.78% |
1 | Office REITs | 14.72% |
2 | Industrial REITs | 14.71% |
3 | Retail REITs | 11.09% |
4 | Specialized REITs | 9.77% |
5 | Real Estate | 9.04% |
6 | Health Care REITs | 6.61% |
7 | Diversified REITs | 6.02% |
8 | Consumer Discretionary | 5.48% |
9 | Hotel & Resort REITs | 2.12% |
10 | Health Care | 0.37% |
11 | Money Market Deposit Account | 0.17% |
12 | Financials | 0.12% |
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 | 07/11/2023 | 0.298152720 | |||
1 | 04/11/2023 | 0.341218040 | |||
2 | 12/16/2022 | 0.2681998 | |||
3 | 10/18/2022 | 0.36100839 | |||
4 | 07/19/2022 | 0.28340514 | |||
5 | 04/19/2022 | 0.29128418 | |||
6 | 12/30/2021 | 0.28264844 | |||
7 | 12/17/2021 | 0.04984024 | |||
8 | 10/19/2021 | 0.26184459 | |||
9 | 07/20/2021 | 0.26397021 | |||
10 | 04/20/2021 | 0.27559982 | |||
11 | 12/18/2020 | 0.24391827 | |||
12 | 10/20/2020 | 0.25226808 | |||
13 | 07/21/2020 | 0.19973977 | |||
14 | 04/21/2020 | 0.30084733 | |||
15 | 12/19/2019 | 0.25217751 | |||
16 | 10/15/2019 | 0.29728635 | |||
17 | 07/16/2019 | 0.26251215 | |||
18 | 04/09/2019 | 0.20977681 | |||
19 | 03/19/2019 | 0.05033794 | |||
20 | 12/19/2018 | 0.03715127 | 0.04776 | 0.02467085 | |
21 | 09/18/2018 | 0.029251481 | |||
22 | 06/19/2018 | 0.012199864 |