PPTY is a Multi-Factor ETF Designed for Investors Who Understand
the Importance of Location, Property Type, and Leverage Levels When
Investing Real Estate
Fund Has Shown Strong Growth and Results since Launch in March 2018
ATLANTA–(BUSINESS WIRE)–Vident Financial, LLC today announced that the PPTY-
U.S. Diversified Real Estate ETF (NYSE Arca: PPTY) has reached a
significant milestone: $100 million in assets under management (AUM).
PPTY accomplished this impressive achievement in less than a year since
its launch on March 27th, 2018, making it one of the most
successful new ETFs to come to market.
“The most important factors when investing in real estate aren’t a
secret—location, property type, and leverage levels. We designed PPTY to
provide investors a common-sense alternative to traditional cap-weighted
real estate ETFs, which ignore these fundamentals.” said Fred Stoops,
Head of Real Estate at Vident Financial. “If you wouldn’t buy a house
without consider location, why would you own a real estate ETF that
ignores something so basic?”
“We’re pleased that investors have gravitated to our approach as quickly
as they have,” he added.
PPTY’s portfolio is constructed based on the actual properties owned by
each company in its investment universe (i.e. US REITs). This distinct
approach allows PPTY to build a portfolio of REITs that delivers the
consistent property type and geographic diversification that real estate
investors typically seek. Leverage and governance criteria are further
included to reduce exposure to high-risk companies.
Since its launch earlier on March 27, 2018, PPTY has delivered a total
return of 17.63% through 1.31.2019.
“PPTY has proven to be a very successful addition to Vident’s ETF suite
and an outstanding example of our distinct principles-based investment
approach,” said Vident Financial CEO Vince Birley. “We are delighted to
see how PPTY is resonating with investors and advisors.“
PPTY is part of Vident Financial’s family of ETFs that also includes the Vident
International Equity Fund (VIDI), Vident
Core U.S. Equity Fund (VUSE), Vident
Core U.S. Bond Strategy (VBND) and the Forensic
Accounting Long-Short ETF (FLAG). As of DATE, Vident’s ETF family
had a total of approximately $1.6 billion in AUM.
About Vident Financial
Vident Financial develops investment market solutions (indices and
funds) based on a distinct philosophy. Their investment strategies are
founded upon sound principles that help identify environments where
capital is going to thrive long-term, measuring different factors (human
productivity, value, quality leadership, and governance) embedded within
multiple process layers. Visit www.videntfinancial.com for
Vident ETF’s are dedicated to a principle based investing approach,
overweighting in countries and companies with strong leadership and
governance that foster greater prosperity. Therefore, prudent fiscal
management and ethical governance are emphasized.
Vident Financial has been dedicated to answering to one shareholder, the
Vident ETF shareholder. Vident’s company structure assures that excess
profits are used for the ETF shareholders either in the form of further
research or fee reductions. Vident’s corporate structure advocating for
the fund shareholders has been compared to Vanguard’s corporate
*Fund Standardized Performance: PPTY market/NAV performance
(respectively) as of *12.31.2018 is as follows; Since Inception
(3/27/2018), 5.44%/5.65%. The Gross Expense Ratio of PPTY is 0.53%.
Performance data quoted represents past performance and is no
guarantee of future results. Investment return and principal value of an
investment will fluctuate so that an investor`s shares, when redeemed,
may be worth more or less than the original cost. Current performance
may be lower or higher than the original cost. Returns for periods of
less than one year are not annualized. Returns are determined based on
the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV
is typically calculated. Market returns does not represent the returns
you would receive if you traded shares at other times.
Market Price: The current price at which shares are bought and sold.
Market returns are based upon the midpoint or the last bid/ask spread at
4:00pm Eastern time.
NAV: The dollar value of a single share, based on the value of the
underlying assets of the fund minus its liabilities, divided by the
number of shares outstanding. Calculated at the end of each business day.
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. Because the
Fund is a fund of funds, its investment performance largely depends on
the investment performance of the Underlying Funds in which it invests.
An investment in the Fund is subject to the risks associated with the
Underlying Funds that comprise the Index, including risks related to
investments in derivatives, REITs, foreign securities and municipal
securities. Fixed-income securities’ prices generally fall as interest
rates rise. High yield securities are subject to the increased risk of
an issuer’s inability to meet principal and interest payment
obligations. These securities may be subject to greater price volatility
due to such factors as specific corporate developments, interest rate
sensitivity, negative perceptions of the non-investment grade securities
markets, real or perceived adverse economic conditions, and lower
liquidity. Preferred stock is subject to many of the risks associated
with debt securities, including interest rate risk. In addition,
preferred stock may not pay a dividend, an issuer may suspend payment of
dividends on preferred stock at any time, and in certain situations an
issuer may call or redeem its preferred stock or convert it to common
stock. International investments may also involve risk from unfavorable
fluctuations in currency values, differences in generally accepted
accounting principles, and from economic or political instability. There
is no guarantee that the fund will meet its investment objective. The
Fund may invest in derivatives, including futures contracts, which are
often more volatile than other investments and may magnify the Fund’s
gains or losses. The fund is new with limited operating history. 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 Vident Funds (VIDI, VBND and VUSE) are distributed by Quasar
Distributors, LLC. The fund’s investment advisor is Exchange Traded
Concepts LLC. VIDI, VBND, and VUSE’s sub-advisor is Vident Investment
Advisory (VIA). Vident Financial owns the indexes that underline the
funds. Quasar is not affiliated with Vident Financial, Exchange Traded
Concepts, or Vident Investment Advisory. FLAG is distributed by SEI
Investments Distribution Co., which is not affiliated with Quasar
Distributors or Exchange Traded Concepts, or any of its affiliates.
Chris Sullivan/Rosa Sobrino