U.S. Diversified Real Estate ETF (PPTY) 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.
Vident Financial, LLC is owned by the Vident Investors' Oversight Trust. The Trust is comprised of industry professionals responsible for ensuring that Vident Financial is governed in accordance with the Principles-Based Investing framework.
The Trust is the sole shareholder of Vident Financial and ensures that profits will be reinvested towards:
Goal: To offer Principles-Based solutions while actively reducing the costs to investors.
Focus: To deliver value to the investors and putting their interests first.
Vince has over 30 years of experience in the personal and institutional financial services industry. Prior to co-founding Vident, he was the Chief Strategy Officer and Chairman of the Investment Policy Committee for Ronald Blue and Co. While serving in that role, he was responsible for leading the efforts to develop the Principled Reasoning investment philosophy that the Vident indices utilize. Prior to joining Ronald Blue & Co. in 2000, Vince was a Founder and Principal with Atlantic Capital Management, LLC, where he served as Managing Partner. Vince holds a B.A. in Business from Central College and is a CERTIFIED FINANCIAL PLANNER TM certificant
Deborah has over 30 years of institutional investment management and financial services industry experience. As Chief Operational Officer, she is responsible for increasing the operational efficiency of the firm and enhancing our client service and investment deliverables. She works closely with our CEO to execute on firm strategy, innovation and building organizational alignment around our Principles-Based Investing framework and its core principles. Prior to joining Vident, she was an Executive Vice President and Principal of Ronald Blue & Company and contributed to the development of the Principled Reasoning investment philosophy that the Vident indices utilize. Deborah began her career as an Institutional Portfolio Manager for Carillon Advisors and then ING North America Investment Centre, Inc. Deborah holds a BS in Accounting and Finance, and Masters in Organizational Behavior from Miami University and is a Chartered Financial Analyst designation
Fred played a key role in the conception and design of PPTY. Before PPTY, he worked in the Merchant Banking Division of Goldman Sachs, where he focused on real estate and non-performing loan acquisitions across Europe. Prior to Goldman Sachs, he worked at Chatham Financial, a boutique investment bank and leading risk management advisor, where he specialised in real estate restructuring and leveraged finance.
Fred holds a B.S. in Economics from the Wharton School of Business and a B.A. in International Studies from the School of Arts and Sciences at the University of Pennsylvania.
Mr. Alden has ten years of investment management industry experience and currently serves as Head of Quantitative Research for WeatherStorm Capital. Mr. Alden led the quantitative development of PPTY’s underlying index, PPTYX. Before PPTY, Andrew played a key role in developing the other Vident indexes and serves on the Vident Investor Oversight Committee. Prior to Mr. Alden’s role with WeatherStorm Capital, Andrew served as a senior portfolio strategist at Lattice Strategies and the lead researcher designing systematic equities strategies. Prior to earning his MFE, he worked at Guggenheim Partners and Citco Fund Services.
Mr. Alden obtained a Masters in Financial Engineering from University of California Berkeley and a BCom in Economics & Finance from University of Cape Town, South Africa. He holds a Chartered Financial Analyst designation.
Mr. Malekar has over 25 years of investment management experience and currently serves as the Chief Investment Officer for WeatherStorm Capital. Mr. Malekar contributes investment strategy for all the Vident indexes and serves on the Vident Investor Oversight Committee. Prior to Shirish’s role with WeatherStorm Capital, Shirish was Partner and Managing Director at Lattice Strategies, overseeing portfolio and risk management and research for global multi-asset portfolios and custom ETFs. Previously, Mr. Malekar developed and ran a global all asset hedge fund at SSGAM. He founded a similar fund at Deccan that was acquired by Allianz Global Investors. Prior to Allianz, Mr. Malekar developed the first global fixed-income fund at Strong Capital Management. He began his investment career at PIMCO, working on Bill Gross’ portfolio team.
Mr. Malekar obtained an MS from MIT, an MS in Petroleum Engineering from the University of Pittsburgh and a BS in Chemical Engineering from the University of Mumbai (Bombay). He was a teaching and research assistant for International Finance at MIT’s Sloan School of Management and an adjunct professor of Portfolio Management at University of San Francisco.
Jerry Bowyer is the Chief Economist for Vident Financial is a leading thinker in finance and economics. Mr. Bowyer plays a key role for all the Vident indexes, including PPTY, and serves on the Vident Investor Oversight Committee. He is the Editor of Townhall Finance and President of Bowyer Research. Jerry is a Forbes.com columnist and has been a frequent commentator on Fox Business News, Fox News, and CNBC. He has been a contributing editor of National Review Online, The New York Sun and Townhall Magazine, and he has written for the Wall Street Journal and for numerous other publications. He worked for both the audit and tax divisions of Arthur Andersen and Co. , and subsequently served as Vice President of the Beechwood Company, the family office for the owners of Federated Investors, and he was a pension asset administrator for John S. Agatston Actuarial Services.
Jerry has a BS/BA in accounting from the Robert Morris University School of Business.
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 Exchange Traded Concepts 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, Exchange Traded Concepts, or Vident Investment Advisory.
Diversification does not guarantee a profit or protect from loss in a declining market.
1 Correlation is a mutual relationship or connection between two or more things.