ATLANTA--(BUSINESS WIRE)--Vident Financial, LLC is celebrating the announcement that the firm’s U.S. Diversified Real Estate Fund (NYSE Arca: PPTY) has been shortlisted for the 2019 Mutual Fund Industry & ETF Awards.
The fund has been named a finalist in the “New ETF of the Year” and “ETF Innovation” categories. The Mutual Fund Industry & ETF Awards honor leading fund management firms for their achievements in performance and contributions to the industry.
“We are very excited that PPTY has been selected as a finalist in these highly prominent categories. PPTY is the first real estate ETF to come to market that focuses on the fundamentals that matter most to real estate investors, namely location, property type, leverage, and governance," said Vince Birley, CEO of Vident Financial. “PPTY is an outstanding alternative to traditional market cap weighted funds.”
PPTY’s portfolio is constructed based on the actual properties owned by each company in its investment universe (i.e. US REITs). This distinct strategy 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.
PPTY is part of Vident’s family of ETFs, which also includes the Vident FLAG-Forensic Accounting Long-Short ETF (FLAG), the Vident Core International Equity Fund (VIDI), Vident Core US. Equity Fund (VUSE), and the Vident Core U.S. Bond Strategy (VBND). As of March 12, 2019, Vident’s ETF family had a total of approximately $1.68 billion in assets under management (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, governance, quality leadership), embedded within multiple process layers. 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. Visit www.videntfinancial.com for more information.
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.
