PPTY

PPTY - U.S. Diversified Real Estate ETF

As of 5/28/2020

Fund Details


Ticker PPTY
Primary Exchange NYSE
CUSIP 26922A511
Net Assets $91,110,642.75
Total Fund Annual Operating Expenses After Fee Waiver* 0.49%
Inception Date 3/26/2018
Shares Outstanding 3,500,000.00
30 day SEC yield
(as of 4/30/2020)
3.63%
Market Price $26.04
NAV $26.03
Premium/Discount 0.03%
Distribution Frequency Quarterly


*Effective February 1, 2020, Vident Advisory, LLC, the investment adviser to the Fund, has contractually agreed to waive four basis points (0.04%) of its unified management fee for the Fund until at least January 31, 2021. The fee waiver agreement may only be terminated by, or with the consent of, the Fund's Board of Trustees.



Investment Objectives: The PPTY – U.S. Diversified Real Estate ETF seeks to track the performance, before fees and expenses, of the USREX – U.S. Diversified Real Estate IndexTM (USREX).

Principles: PPTY – U.S. Diversified Real Estate ETF is a principles-based U.S. real estate strategy emphasizing the following four primary factors:


LOCATION

We believe location is a key driver of real estate performance. We use stable targets to obtain diversified geographic exposure that favors dynamic, high-growth locations.

PROPERTY TYPE

Apartment or office? Industrial or retail? Differences between property types matter. We use fixed allocations to ensure diversification and balance.


LEVERAGE

In our opinion the responsible use of leverage can enhance returns, but too much debt is dangerous. We favor companies with prudent leverage.

GOVERNANCE

Firms with significant governance risks such as external management are excluded from our portfolio.





Fund Story
1.31.2020



Fund Literature
Prospectus, SAI, Annual Report...


Premium Discount Chart

Total Returns

Month End Performance
(as of 4/30/2020)
PPTY NAV Returns PPTY Market Price Returns
Cumulative
1 Month 8.41% 9.00%
3 Month -20.12% -19.98%
Year-to-date -19.22% -19.16%
Since Inception* 10.74% 10.99%
Average Annual
1 Year -11.03% -10.90%
3 Year 0.00% 0.00%
5 Year 0.00% 0.00%
Since Inception* 4.99% 5.10%

Quarter End Performance
(as of 3/31/2020)
PPTY NAV Returns PPTY Market Price Returns
Cumulative
Quarter -25.49% -25.83%
Year To Date -25.49% -25.83%
Since Inception* 2.15% 1.83%
Average Annual
1 Year -17.39% -17.60%
3 Year 0.00% 0.00%
5 Year 0.00% 0.00%
10 Year
Since Inception* 1.06% 0.90%

*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 5/28/2020

Top Holdings

Top Holdings will be made available momentarily after the first full day of trading has completed.

Name Weight
PROLOGIS INC. 5.97%
EQUINIX INC 4.50%
EASTERLY GOVT PPTYS INC 3.31%
AVALONBAY CMNTYS INC 3.15%
TERRENO RLTY CORP 3.14%
DIGITAL RLTY TR INC 3.08%
AMERICAN HOMES 4 RENT 2.99%
EQUITY RESIDENTIAL 2.72%
PS BUSINESS PKS INC CALIF 2.60%
MID-AMER APT CMNTYS INC 2.44%

Fund holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security. Please see our online holdings information here.


Carefully consider the Fund’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.

Investments involve risk. Principal loss is possible. The Fund has the same risks as the underlying securities traded on the exchange throughout the day at market price. The Fund’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 Fund 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 fund’s investment advisor is Vident Advisory, LLC. PPTY's sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the index that underlies the fund. The PPTY - U.S. Diversified Real Estate ETF is distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Financial, Vident Advisory or VIA.

Investor shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Ordinary brokerage commissions may apply.

Diversification does not ensure a profit or protect against a loss.