PPTY – Vident U.S. Diversified Real Estate ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance, before fees and expenses, of the USREX – U.S. Diversified Real Estate Index™. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in real estate companies principally traded on a U.S. exchange. The index uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PPTY	Vident U.S. Diversified Real Estate ETF	ETF	Open			Mar 26, 2018	$22.43M	0.530%	—	—	−$11.43M

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