duETS U.S. Commercial Property Securities 2X are exposed to fluctuations in U.S. commercial real estate values over a two-year measurement period. The securities are linked to the NCREIF Market Value Index (Cap Weighted MVI), the Capital Value change component of the NPI. The NPI is a composite total return measurement and has been published since 1977.
The index is published quarterly by the National Council of Real Estate Investment Fiduciaries (NCREIF) as a composite total rate of return measure. It is designed to measure the change in market value of properties in the NCREIF Property Index (NPI).
The index is appraisal-based, relying on recent valuations submitted by both property owners and independent third-party professionals. It has been published since 2015.