| Ticker | PPTY |
| Primary Exchange | NYSE |
| CUSIP | 26922A511 |
| Net Assets | $111,790,314.37 |
| Total Fund Annual Operating Expenses After Fee Waiver* | 0.49% |
| Inception Date | 3/26/2018 |
| Shares Outstanding | 4,100,000.00 |
| 30-Day SEC Yield (as of 2/28/2023) |
3.55% |
| 12 Month Distribution Yield | 4.42% |
| Market Price | $27.26 |
| NAV | $27.27 |
| Premium/Discount | -0.01% |
| 30-Day Median Bid-Ask Spread | 0.22% |
| 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 June 30, 2023. The fee waiver agreement may only be terminated by, or with the consent of, the Fund's Board of Trustees.
Investment Objectives: The 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: U.S. Diversified Real Estate ETF is a principles-based U.S. real estate strategy emphasizing the following four primary factors:
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.
Apartment or office? Industrial or retail? Differences between property types matter. We use fixed allocations to ensure diversification and balance.
In our opinion the responsible use of leverage can enhance returns, but too much debt is dangerous. We favor companies with prudent leverage.
Firms with significant governance risks such as external management are excluded from our portfolio.
|
Month End Performance (as of 2/28/2023) |
PPTY NAV Returns | PPTY Market Price Returns | |
| Cumulative | |||
| 1 Month | -5.33% | -5.28% | |
| 3 Month | -1.18% | -0.94% | |
| Year-to-date | 4.57% | 4.52% | |
| Since Inception* | 38.05% | 38.04% | |
| Average Annual | |||
| 1 Year | -15.37% | -15.28% | |
| 3 Year | 2.68% | 2.73% | |
| 5 Year | 0.00% | 0.00% | |
| Since Inception* | 6.76% | 6.76% | |
| Quarter End Performance (as of 12/31/2022) |
PPTY NAV Returns | PPTY Market Price Returns | |
| Cumulative | |||
| Quarter | 4.40% | 4.36% | |
| Year To Date | -26.06% | -26.09% | |
| Since Inception* | 32.01% | 32.07% | |
| Average Annual | |||
| 1 Year | -26.06% | -26.09% | |
| 3 Year | -1.25% | -1.28% | |
| 5 Year | 0.00% | 0.00% | |
| 10 Year | |||
| Since Inception* | 6.00% | 6.01% | |
*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.
| Name | Weight |
| PROLOGIS INC. | 4.25% |
| EQUINIX INC | 4.24% |
| AVALONBAY CMNTYS INC | 3.82% |
| BROADSTONE NET LEASE INC | 3.47% |
| DIGITAL RLTY TR INC | 3.34% |
| TERRENO RLTY CORP | 3.06% |
| EQUITY RESIDENTIAL | 3.04% |
| AMERICAN HOMES 4 RENT | 2.77% |
| SIMON PPTY GROUP INC NEW | 2.47% |
| EASTERLY GOVT PPTYS INC | 2.44% |
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 adviser is Vident Advisory, LLC. PPTY's sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the index that underlies the fund. The 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.
