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Northern Trust Global Quality Real Estate Index

 
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Index Overview
The Northern Trust Global Quality Real Estate Index is designed to maximize exposure to quality, value and momentum factors, within a universe of companies operating in the real estate sector. The proprietary Northern Trust quality factor is used to identify companies that exhibit strength in profitability, management efficiency and cash flow, while value and momentum factors are included to help provide long term capital appreciation and also mitigate risk.
Index Construction
Optimized
Index Methodology
The construction of the index begins with a universe of eligible securities. Eligible constituent weights are then optimized to maximize exposure to the following factors:

  • Quality, as defined by our proprietary scoring model (NTQS)
  • Value
  • Momentum
The main objective of the optimization is to maximize exposure to the composite factor (Northern Trust Quality Score + value + momentum) while minimizing the overall risk of the index relative to the eligible universe, as measured by standard risk models.

For more details on this methodology, please see the Index Documents tab.
Index Return Streams Available
  • Price Return: NTGQRE
  • Total Return: NTGQRETR
  • Net Total Return: NTGQRENTR
Inception Date 15-Oct-13
Index Value at Inception Date1,000
Hypothetical Inception Date 31-Aug-06
Index Value at Hypothetical Inception Date675.10

Total Returns

As of 19-Jun-24
 1 Month %1 Month Annualized %3 Month %3 Month Annualized %6 Month %6 Month Annualized %YTD %YTD Annualized %Since Inception %Since Inception Annualized %Inception Date
NTGQRENTR
-1.92-19.26-1.10-4.29-1.20-2.38-2.11-4.4145.233.55 15-Oct-13
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Index Characteristics
 
Index Constituents144
Weighted Average Market Capitalization$22,276,594,661.82
Weighted Average Yield4.12%
19-Jun-24
Weighted Average P/E23.97
Weighted Average P/B1.42
Weighted Average ROE13.66
Index Composition

Top 10 Constituents Weights
View All

as of 19-Jun-24
Security NameWeight
SIMON PROPERTY GROUP INC 5.49%
DIGITAL REALTY TRUST INC 5.35%
AVALONBAY COMMUNITIES INC 4.41%
EQUITY RESIDENTIAL 3.76%
WEYERHAEUSER CO 3.22%
PROLOGIS INC 3.18%
ESSEX PROPERTY TRUST INC 2.79%
AMERICAN TOWER CORP 2.57%
IRON MOUNTAIN INC 2.19%
VICI PROPERTIES INC 2.01%
% of Index34.97%

Index Sector Weightings
 

as of 19-Jun-24
SectorWeight
Other 100.00%
TOTAL100.00%

Top 10 Country Weightings

as of 19-Jun-24
CountryWeight
UNITED STATES 66.64%
JAPAN 9.96%
AUSTRALIA 4.15%
HONG KONG 3.43%
SINGAPORE 3.34%
FRANCE 3.03%
UNITED KINGDOM 2.15%
ISRAEL 1.46%
CANADA 1.37%
SWEDEN 1.34%
% of Index96.87%
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 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust Global Quality Real Estate Index
NTGQRENTR
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