Vident Financial

PPTY




U.S. Diversified Real Estate Fund

As of 4/18/2019

Fund Details


Ticker PPTY
Primary Exchange NYSE
CUSIP 26922A511
Net Assets $108,361,240.28
Expense Ratio 0.53%
Total Annual Operating Expenses 0.53%
Inception Date 03/27/2018
Shares Outstanding 3,650,000.00
30 day SEC yield (as of 03.29.19) 2.92%
Market Price $29.67
NAV $29.69
Premium/Discount -0.06%
Distribution Frequency Quarterly





Fund Summary: PPTY – U.S. Diversified Real Estate ETF is designed for investors who know that location, property type, and leverage matter. PPTY is a rules-based fund that uses stable geographic and property type targets to provide diversified exposure to U.S. real estate. Our portfolio is constructed based on the actual properties held by each company in our investment universe. This focus on the underlying real estate allows PPTY to deliver consistent exposure and reliable diversification.

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


LOCATION

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

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.





Premium Discount Chart

Total Returns

Month End Performance
(03/31/2019)
PPTY NAV Returns PPTY Market Price Returns
Cumulative
1 Month
3.63%
3.38%
3 Month
17.02%
17.17%
Last Quarter-end (03/31/2019)
17.02%
Year-to-date
17.02%
17.17%
Since Inception*
23.65%
23.58%
Average Annual
1 Year
20.20%
22.21%
3 Year
-
-
5 Year
-
-
Since Inception*
23.29%
23.23%

Quarter End Performance
(03/31/2019)
PPTY NAV Returns PPTY Market Price Returns
Cumulative
Quarter
17.02%
17.17%
Year To Date
17.02%
17.17%
Since Inception*
23.65%
23.58%
Average Annual
1 Year
20.20%
22.21%
3 Year
-
-
5 Year
-
-
10 Year
-
-
Since Inception*
23.29%
23.23%

*Fund Inception Date: 03/27/2018

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. To obtain performance data current to the most recent month-end, please call 404-267-1501.




As of 4/17/2019

Top Holdings

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

Name Weight
1. PROLOGIS INC 3.58%
2. PS BUSINESS PKS INC CALIF 3.56%
3. AVALONBAY CMNTYS INC 3.33%
4. EQUITY RESIDENTIAL 3.33%
5. EQUINIX INC 3.23%
6. TERRENO RLTY CORP 3.04%
7. MID AMER APT CMNTYS INC 2.82%
8. DIGITAL RLTY TR INC 2.59%
9. AMERICAN HOMES 4 RENT 2.31%
10. APARTMENT INVT & MGMT CO 2.19%

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Please click on the following links to view each Fund's current holdings: VIDI Holdings, VUSE Holdings, VBND Holdings, PPTY Holdings

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus (PPTY) contains this and other important information about the investment company, and a free hardcopy of the prospectus may be obtained by calling 1-800-617-0004. Read carefully before investing.

Investments involve risk. Principal loss is possible. The Funds have 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 a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. the Fund will be considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. 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. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund's NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. The equity securities of smaller companies have historically been subject to greater investment risk than securities of larger companies.

The Vident Funds are distributed by Quasar Distributors, LLC. The fund's investment advisor is Vident Advisory, LLC. PPTY sub-advisor is Vident Investment Advisory (VIA). Vident Financial owns the indexes that underline the funds. Quasar is not affiliated with Vident Financial, Vident Advisory, LLC, or Vident Investment Advisory.

Diversification does not guarantee a profit or protect from loss in a declining market.