Vident Financial

Top VUBDX Issuers



As of 9/20/2018
Weight All VUBDX Holdings
1. SHORT-TERM INVTS TR GOV AGN INSTL 1.87% 12/31/2031 8.79%
2. UNITED STATES TREAS NTS 2% 02/15/2025 2.1%
3. UNITED STATES TREAS NTS 2.63% 03/31/2025 1.9%
4. UNITED STATES TREAS NTS 2.25% 12/31/2024 1.85%
5. UNITED STATES TREAS BDS 6% 02/15/2026 1.79%
6. UNITED STATES TREAS NTS 2.13% 05/15/2025 1.78%
7. UNITED STATES TREAS NTS 2.25% 11/15/2024 1.72%
8. UNITED STATES TREAS NTS 2.75% 02/28/2025 1.61%
9. UNITED STATES TREAS NTS 2.5% 01/31/2025 1.57%
10. UNITED STATES TREAS NTS 2.88% 05/31/2025 1.53%
11. UNITED STATES TREAS NTS 2.88% 04/30/2025 1.53%
12. UNITED STATES TREAS BDS 6.5% 11/15/2026 1.44%
13. UNITED STATES TREAS NTS 2.25% 11/15/2025 1.43%
14. UNITED STATES TREAS NTS 2% 08/15/2025 1.4%
15. UNITED STATES TREAS NTS 2.13% 11/30/2024 1.38%
16. FNMA TBA 30YR TBA 5% OCT 5% 10/15/2041 1.37%
17. FNMA TBA 30YR TBA 3% OCT 3% 10/15/2042 1.3%
18. UNITED STATES TREAS BDS 6.13% 11/15/2027 1.26%
19. FNMA TBA 30YR TBA 4% OCT 4% 10/15/2041 1.25%
20. UNITED STATES TREAS NTS 1.63% 02/15/2026 1.15%
21. FNMA TBA 30YR TBA 4.50% OCT 4.5% 10/15/2041 1.05%
22. UNITED STATES TREAS NTS 2.25% 10/31/2024 1%
23. UNITED STATES TREAS NTS 1.63% 05/15/2026 0.99%
24. FNCL 3.5% TBA OCT 3.5% 10/01/2040 0.88%
25. UNITED STATES TREAS NTS 2.13% 09/30/2024 0.87%
26. UNITED STATES TREAS BDS 2.38% 01/15/2027 0.82%
27. UNITED STATES TREAS BDS 3.63% 04/15/2028 0.82%
28. TSY INFL IX N/B 0.38% 01/15/2027 0.81%
29. UNITED STATES TREAS BDS 1.75% 01/15/2028 0.76%
30. UNITED STATES TREAS NTS 1.5% 08/15/2026 0.73%
31. UNITED STATES TREAS BDS 3.88% 04/15/2029 0.71%
32. UNITED STATES TREAS NTS 2.38% 08/15/2024 0.68%
33. UNITED STATES TREAS BDS 2% 01/15/2026 0.68%
34. US TSY INFL IX N/B 2.5% 1/15/2029 2.5% 01/15/2029 0.67%
35. TSY INFL IX N/B 0.63% 01/15/2026 0.65%
36. TSY INFL IX N/B 0.5% 01/15/2028 0.65%
37. UNITED STATES TREAS NTS 2% 11/15/2026 0.64%
38. UNITED STATES TREAS NTS 2.25% 02/15/2027 0.63%
39. UNITED STATES TREAS NTS 0.13% 07/15/2026 0.61%
40. UNITED STATES TREAS BDS 2.38% 01/15/2025 0.59%
41. TSY INFL IX N/B 0.38% 07/15/2027 0.58%
42. UNITED STATES TREAS BDS 5.5% 08/15/2028 0.57%
43. UNITED STATES TREAS NTS 2.13% 07/31/2024 0.56%
44. GNMA TBA 30YR TBA 3.50% OCT 3.5% 10/15/2041 0.55%
45. TSY INFL IX N/B 0.13% 04/15/2021 0.54%
46. UNITED STATES TREAS NTS 0.25% 01/15/2025 0.54%
47. EQT MIDSTREAM PARTNERS LP 4.13% 12/01/2026 0.5%
48. UNITED STATES TREAS NTS 0.13% 04/15/2022 0.48%
49. FHLMC GOLD TBA 30 YR TBA 3% OCT 3% 10/15/2042 0.47%
50. CIMAREX ENERGY CO 3.9% 05/15/2027 0.47%
51. HUMANA INC 3.95% 03/15/2027 0.47%
52. CAPITAL ONE FINL CORP 4.2% 10/29/2025 0.47%
53. DOLLAR GEN CORP NEW 3.88% 04/15/2027 0.47%
54. BROADCOM CORP/BROADCOM CAYMAN SR GLBL NT 27 3.88% 01/15/2027 0.46%
55. LEAR CORP 3.8% 09/15/2027 0.45%
56. UNITED STATES TREAS NTS 2% 06/30/2024 0.45%
57. COACH INC 4.13% 07/15/2027 0.44%
58. UNITED STATES TREAS BDS 3.38% 04/15/2032 0.44%
59. UNITED STATES TREAS BDS TIPS 01/15/24 0.63% 01/15/2024 0.42%
60. TSY INFL IX N/B 0.63% 04/15/2023 0.42%
61. NEXTERA ENERGY CAP HLDGS INC DEB 3.55% 27 3.55% 05/01/2027 0.42%
62. VERIZON COMMUNICATIONS INC 4.13% 03/16/2027 0.41%
63. EXPRESS SCRIPTS HLDG CO 3.4% 03/01/2027 0.41%
64. XYLEM INC 3.25% 11/01/2026 0.41%
65. PSEG PWR LLC 8.63% 04/15/2031 0.41%
66. TSY INFL IX N/B 0.38% 07/15/2025 0.39%
67. ENABLE MIDSTREAM PARTNERS LP SR NT 4.4% 27 4.4% 03/15/2027 0.38%
68. TJX COS INC NEW 2.25% 09/15/2026 0.38%
69. O REILLY AUTOMOTIVE INC NEW 3.55% 03/15/2026 0.38%
70. TI 0 1/8 01/15/23 0.13% 01/15/2023 0.37%
71. FHLMC GOLD TBA 30 YR TBA 5% OCT 5% 10/15/2041 0.36%
72. CIGNA CORPORATION 3.25% 04/15/2025 0.36%
73. CITRIX SYS INC 4.5% 12/01/2027 0.36%
74. CONTINENTAL RESOURCES INC 4.38% 01/15/2028 0.36%
75. HOLLYFRONTIER CORP 5.88% 04/01/2026 0.36%
76. SPIRIT AEROSYSTEMS INC 4.6% 06/15/2028 0.35%
77. HASBRO INC 3.5% 09/15/2027 0.34%
78. PACIFIC GAS & ELEC CO 3.5% 06/15/2025 0.33%
79. UNITED STATES TREAS NTS 1.88% 08/31/2024 0.33%
80. ALTRIA GROUP INC 2.63% 09/16/2026 0.33%
81. CENTURYLINK INC 7.5% 04/01/2024 0.33%
82. MASTERCARD INCORPORATED 2.95% 11/21/2026 0.33%
83. BOARDWALK PIPELINES LP 4.45% 07/15/2027 0.32%
84. US Dollars 0% 0.31%
85. CONCHO RES INC 3.75% 10/01/2027 0.31%
86. EXELON CORP 3.4% 04/15/2026 0.31%
87. APPLIED MATLS INC 3.3% 04/01/2027 0.31%
88. NIKE INC 2.38% 11/01/2026 0.3%
89. BAXTER INTL INC 2.6% 08/15/2026 0.3%
90. CHANGE HEALTHCARE HLDGS LLC/ SR GLBL 144A 25 5.75% 03/01/2025 0.29%
91. TSY INFL IX N/B 0 1/8 07/15/24 0.13% 07/15/2024 0.29%
92. STARBUCKS CORP 2.45% 06/15/2026 0.28%
93. GULFPORT ENERGY CORP 6% 10/15/2024 0.28%
94. UNITED STATES TREAS BDS TIPS 2.125% 41 2.13% 02/15/2041 0.27%
95. BERKSHIRE HATHAWAY INC DEL 3.13% 03/15/2026 0.27%
96. THE ADT CORPORATION 4.13% 06/15/2023 0.27%
97. SOUTHWESTERN ENERGY CO 6.2% 01/23/2025 0.27%
98. UNITED STATES TREAS BDS TIPS 02/15/40 2.13% 02/15/2040 0.26%
99. MARATHON OIL CORP 4.4% 07/15/2027 0.26%
100. VISA INC 2.75% 09/15/2027 0.26%
101. SUBURBAN PROPANE PARTNERS L P SR GLBL NT5.5% 24 5.5% 06/01/2024 0.26%
102. CARLISLE COS INC 3.75% 12/01/2027 0.26%
103. ATMOS ENERGY CORP 3% 06/15/2027 0.26%
104. TEXAS INSTRS INC 2.9% 11/03/2027 0.25%
105. UNITED STATES TREAS NTS 2% 05/31/2024 0.24%
106. UNION PAC CORP 2.75% 03/01/2026 0.24%
107. MCKESSON CORP NEW 3.95% 02/16/2028 0.24%
108. EDGEWELL PERS CARE CO 4.7% 05/24/2022 0.24%
109. SALLY HLDGS LLC 5.63% 12/01/2025 0.24%
110. RANGE RES CORP 5% 03/15/2023 0.23%
111. DTE ENERGY CO 3.8% 03/15/2027 0.23%
112. OCCIDENTAL PETE CORP DEL 3% 02/15/2027 0.23%
113. LIFEPOINT HEALTH INC 5.38% 05/01/2024 0.23%
114. VALERO ENERGY PARTNERS LP 4.38% 12/15/2026 0.23%
115. S&P GLOBAL INC 4% 06/15/2025 0.23%
116. EDISON INTL 4.13% 03/15/2028 0.22%
117. WALGREENS BOOTS ALLIANCE INC SR GLBL NT 26 3.45% 06/01/2026 0.22%
118. ZOETIS INC 3% 09/12/2027 0.22%
119. UNITED STATES TREAS NTS 2.5% 05/15/2024 0.22%
120. AMC NETWORKS INC 4.75% 08/01/2025 0.22%
121. GNMAII JUMBO TBA 30YR TBA 03.000% OCT 3% 10/15/2044 0.21%
122. SMUCKER J M CO 3.38% 12/15/2027 0.21%
123. KIRBY CORP 4.2% 03/01/2028 0.21%
124. HUNTINGTON INGALLS INDS INC 3.48% 12/01/2027 0.21%
125. UNITEDHEALTH GROUP INC 3.38% 04/15/2027 0.21%
126. FORTIVE CORP 3.15% 06/15/2026 0.2%
127. SUNOCO LP/SUNOCO FIN CORP 4.88% 01/15/2023 0.2%
128. CONOCO FDG CO 7.25% 10/15/2031 0.2%
129. GNMAII JUMBO TBA 30YR TBA 4.50% OCT 4.5% 10/15/2041 0.2%
130. DISNEY WALT CO MTNS BE 2.95% 06/15/2027 0.2%
131. CONSOLIDATED COMMUNICATIONS 6.5% 10/01/2022 0.2%
132. GNSF 4.5 10/13 4.5% 10/15/2043 0.2%
133. POLYONE CORP 5.25% 03/15/2023 0.2%
134. ESH HOSPITALITY INC 5.25% 05/01/2025 0.2%
135. MPLX LP 4.13% 03/01/2027 0.2%
136. BIOGEN INC 4.05% 09/15/2025 0.19%
137. GNMAII JUMBO TBA 30YR TBA 4% OCT 4% 10/15/2041 0.19%
138. UNITED STATES TREAS NTS 2.25% 08/15/2027 0.19%
139. CHEMOURS CO 5.38% 05/15/2027 0.19%
140. CINTAS CORP NO 2 3.7% 04/01/2027 0.19%
141. MACYS RETAIL HLDGS INC 3.63% 06/01/2024 0.19%
142. DELTA AIR LINES INC DEL 4.38% 04/19/2028 0.19%
143. GNMA TBA 30YR TBA 3% OCT 3% 10/15/2042 0.19%
144. COMCAST CORP NEW 3.3% 02/01/2027 0.18%
145. MOLINA HEALTHCARE INC 5.38% 11/15/2022 0.18%
146. GRAY TELEVISION INC 5.88% 07/15/2026 0.18%
147. DARDEN RESTAURANTS INC 3.85% 05/01/2027 0.18%
148. EQT CORP 3.9% 10/01/2027 0.18%
149. UNITED STATES TREAS BDS TIPS 02/15/40 1.38% 02/15/2044 0.18%
150. BRISTOL MYERS SQUIBB CO 3.25% 02/27/2027 0.18%
151. FEDERAL NATL MTG ASSN 2% 10/05/2022 0.18%
152. FGLMC TBA 4 4% 10/15/2041 0.18%
153. UNITED RENTALS NORTH AMER INC SR GLBL NT5.5% 27 5.5% 05/15/2027 0.17%
154. FHLMC GOLD TBA 30 YR TBA 3.50% OCT 3.5% 10/15/2042 0.17%
155. AETNA INC NEW 3.5% 11/15/2024 0.17%
156. CDK GLOBAL INC 5% 10/15/2024 0.17%
157. FEDERAL HOME LN MTG CORP 2.75% 06/19/2023 0.17%
158. ENTEGRIS INC 4.63% 02/10/2026 0.16%
159. FHLMC GOLD TBA 30 YR TBA 4.50% OCT 4.5% 10/15/2041 0.16%
160. TARGET CORP 2.5% 04/15/2026 0.16%
161. SENSATA TECH BV 5% 10/01/2025 0.16%
162. TENNECO INC 5% 07/15/2026 0.16%
163. UNITED STATES TREAS BDS 1% 02/15/2046 0.16%
164. GNMA TBA 30YR TBA 4% OCT 4% 10/15/2040 0.16%
165. FEDERAL HOME LN MTG CORP 2.38% 01/13/2022 0.16%
166. HELMERICH & PAYNE INTL DRILLIN SR GLBL NT 25 4.65% 03/15/2025 0.16%
167. GNMAII JUMBO TBA 30YR TBA 3.5% OCT 3.5% 10/15/2042 0.16%
168. NETFLIX INC 5.88% 02/15/2025 0.16%
169. SERVICEMASTER CO 5.13% 11/15/2024 0.16%
170. ANTHEM INC 4.1% 03/01/2028 0.16%
171. FIFTH THIRD BANCORP 3.95% 03/14/2028 0.15%
172. WESTINGHOUSE AIR BRAKE CO NEW SR GLBL NT 26 3.45% 11/15/2026 0.15%
173. UNITED STATES TREAS BDS TIPS .75% 02/15/42 0.75% 02/15/2042 0.15%
174. INGREDION INC 3.2% 10/01/2026 0.15%
175. JABIL INC 3.95% 01/12/2028 0.15%
176. PACKAGING CORP AMER 3.4% 12/15/2027 0.15%
177. TALEN ENERGY SUPPLY LLC 10.5% 01/15/2026 0.14%
178. SUMMIT MIDSTREAM HLDGS LLC / SR NT 5.75% 25 5.75% 04/15/2025 0.14%
179. TENNESSEE VALLEY AUTH 1.88% 08/15/2022 0.14%
180. HILTON DOMESTIC OPER CO INC 4.25% 09/01/2024 0.14%
181. FEDERAL NATL MTG ASSN 1.88% 04/05/2022 0.14%
182. FEDERAL HOME LOAN BANKS 2.25% 03/11/2022 0.14%
183. WYNDHAM DESTINATIONS INC 4.25% 03/01/2022 0.14%
184. CALPINE CORP 5.75% 01/15/2025 0.14%
185. FEDERAL NATL MTG ASSN 2.63% 09/06/2024 0.13%
186. CDW LLC / CDW FIN CORP 5.5% 12/01/2024 0.13%
187. NEWFIELD EXPL CO 5.38% 01/01/2026 0.13%
188. IMS HEALTH INC 5% 10/15/2026 0.13%
189. TSY INFL IX N/B 0.63% 02/15/2043 0.13%
190. CF INDS INC 3.45% 06/01/2023 0.13%
191. FEDERAL NATL MTG ASSN 1.38% 10/07/2021 0.13%
192. APPLE INC 3% 06/20/2027 0.13%
193. FEDERAL NATL MTG ASSN 1.25% 08/17/2021 0.12%
194. CSX CORP 3.8% 03/01/2028 0.12%
195. PHILLIPS 66 PARTNERS LP 3.61% 02/15/2025 0.12%
196. LABORATORY CORP AMER HLDGS 3.6% 09/01/2027 0.12%
197. ESTEE LAUDER COS INC 3.15% 03/15/2027 0.12%
198. ALLEGHENY TECHNOLOGIES INC 7.88% 08/15/2023 0.12%
199. AMERIGAS PARTNERS L P 5.75% 05/20/2027 0.12%
200. DAVITA INC 5% 05/01/2025 0.12%
201. LENNAR CORP 4.75% 11/15/2022 0.12%
202. TSY INFL IX N/B 0 3/4 02/15/45 0.75% 02/15/2045 0.11%
203. FEDERAL HOME LN MTG CORP 1.13% 08/12/2021 0.11%
204. KLA-TENCOR CORP 4.65% 11/01/2024 0.11%
205. FEDERAL HOME LOAN BANKS 2.63% 12/10/2021 0.11%
206. PULTE GROUP INC 4.25% 03/01/2021 0.11%
207. AUTOZONE INC 3.75% 06/01/2027 0.11%
208. HUNTINGTON BANCSHARES INC 4% 05/15/2025 0.11%
209. B & G FOODS INC NEW 5.25% 04/01/2025 0.11%
210. FEDERAL NATL MTG ASSN 2% 01/05/2022 0.11%
211. AECOM 5.88% 10/15/2024 0.11%
212. NEXTERA ENERGY OPER PARTNER LP SR GLBL 144A 24 4.25% 09/15/2024 0.11%
213. MICROSOFT CORP 3.3% 02/06/2027 0.1%
214. NASDAQ INC 3.85% 06/30/2026 0.1%
215. WPX ENERGY INC 8.25% 08/01/2023 0.1%
216. TENNESSEE VALLEY AUTH 6.75% 11/01/2025 0.1%
217. DENBURY RES INC 9% 05/15/2021 0.1%
218. BALL CORP 4% 11/15/2023 0.1%
219. DIAMOND OFFSHORE DRILLING INC SR GLBL NT 25 7.88% 08/15/2025 0.1%
220. NORFOLK SOUTHERN CORP 2.9% 06/15/2026 0.1%
221. CCO HLDGS LLC / CCO HLDGS CAP SR 144A NT 27 5.13% 05/01/2027 0.1%
222. ENERGY TRANSFER EQUITY L P 5.88% 01/15/2024 0.1%
223. KFC HLDG CO/PIZZA HUT HLDGS LL SR GLBL 144A 27 4.75% 06/01/2027 0.1%
224. CONSTELLATION BRANDS INC 3.5% 05/09/2027 0.1%
225. ILLINOIS TOOL WKS INC 2.65% 11/15/2026 0.1%
226. FEDERAL NATL MTG ASSN 2.38% 01/19/2023 0.1%
227. PROGRESSIVE CORP OHIO 2.45% 01/15/2027 0.1%
228. TARGA RES PARTNERS / TARGA RES SR NT 5.375% 27 5.38% 02/01/2027 0.1%
229. BLUE CUBE SPINCO INC 10% 10/15/2025 0.1%
230. AES CORP 4% 03/15/2021 0.09%
231. ASHLAND INC NEW 4.75% 08/15/2022 0.09%
232. HCA INC 5.88% 05/01/2023 0.09%
233. TENNESSEE VALLEY AUTH 2.88% 09/15/2024 0.09%
234. BROADRIDGE FINL SOLUTIONS INC SR GLBL NT3.4% 26 3.4% 06/27/2026 0.09%
235. EXTRACTION OIL AND GAS INC 5.63% 02/01/2026 0.09%
236. FEDERAL NATL MTG ASSN 2.75% 06/22/2021 0.09%
237. SM ENERGY CO 5.63% 06/01/2025 0.09%
238. SIX FLAGS ENTMT CORP NEW 5.5% 04/15/2027 0.09%
239. DOLLAR TREE INC 4.2% 05/15/2028 0.09%
240. BERRY GLOBAL INC 4.5% 02/15/2026 0.08%
241. INTEL CORP 3.7% 07/29/2025 0.08%
242. CARDINAL HEALTH INC 3.41% 06/15/2027 0.08%
243. BRIGHTHOUSE FINL INC 3.7% 06/22/2027 0.08%
244. FEDERAL NATL MTG ASSN 1.88% 12/28/2020 0.07%
245. TENNESSEE VALLEY AUTH 3.88% 02/15/2021 0.07%
246. GRACE W R & CO CONN 5.13% 10/01/2021 0.07%
247. FEDERAL NATL MTG ASSN 2.5% 04/13/2021 0.07%
248. PHARMACIA CORP 6.6% 12/01/2028 0.07%
249. HOME DEPOT INC 3% 04/01/2026 0.06%
250. TSY INFL IX N/B 0.88% 02/15/2047 0.06%
251. TSY INFL IX N/B 1% 02/15/2048 0.06%
252. FEDERAL HOME LOAN BANKS 1.88% 11/29/2021 0.06%
253. CHEVRON CORP NEW 2.95% 05/16/2026 0.06%
254. FEDERAL NATL MTG ASSN 1.5% 11/30/2020 0.06%
255. FEDERAL NATL MTG ASSN 2.13% 04/24/2026 0.06%
256. FEDERAL HOME LN MTG CORP 2.38% 02/16/2021 0.06%
257. EOG RES INC 4.15% 01/15/2026 0.06%
258. RBS GLOBAL INC 4.88% 12/15/2025 0.06%
259. PPG INDS INC 3.75% 03/15/2028 0.05%
260. MANUFACTURER AND TRADERS 3.4% 08/17/2027 0.05%
261. NVIDIA CORP 3.2% 09/16/2026 0.05%
262. AUTOMATIC DATA PROCESSING INC SR GLBL NT 25 3.38% 09/15/2025 0.04%
263. LAMB WESTON HLDGS INC 4.63% 11/01/2024 0.04%
264. FEDERAL HOME LN MTG CORP 1.63% 09/29/2020 0.04%
265. MGM RESORTS INTERNATIONAL 7.75% 03/15/2022 0.04%
266. FEDERAL HOME LN MTG CORP 1.88% 11/17/2020 0.04%
267. FEDERAL NATL MTG ASSN 1.38% 02/26/2021 0.04%
268. FEDERAL HOME LOAN BANKS 1.13% 07/14/2021 0.04%
269. FEDERAL NATL MTG ASSN 1.25% 05/06/2021 0.04%
270. FEDERAL HOME LOAN BANKS 1.38% 09/28/2020 0.04%
271. FEDERAL HOME LOAN BANKS 1.38% 02/18/2021 0.03%
272. WAL-MART STORES INC 7.55% 02/15/2030 0.03%
273. STATION CASINOS LLC 5% 10/01/2025 0.03%

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus (VIDI, VUSE, VBND) 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. Holdings information for each fund as follows: VIDI, VUSE, VBND.

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. Redemptions are limited and often commissions are charged on each trade. VIDI is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments in emerging markets. A fund that concentrates its investments in the securities of a particular industry or geographic area may be more volatile than a fund that invests in a broader range of industries. VIDI and VBND may invest in illiquid or thinly traded securities which involve additional risks such as limited liquidity and greater volatility. VBND may make investments in debt securities. The Fund's investments in high yield securities expose it to a substantial degree of credit risk. These investments are considered speculative under traditional investment standards. Debt issuers and other counterparties may not honor their obligations or may have their debt downgraded by ratings agencies. An increase in interest rates may cause the value of fixed-income securities held by the Fund to decline. During periods of rising interest rates, certain debt obligations will be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund's income and potentially in the value of the Fund's investments. VBND may also invest in asset backed and mortgage backed securities which include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The performance of the funds may diverge from that of the Index. Because the Funds employ a representative sampling strategy and may also invest up to 20% of its assets in securities that are not included in the Index, the Funds may experience tracking error to a greater extent than a fund that seeks to replicate an index. The Funds are not actively managed and may be affected by a general decline in market segments related to the index. The Funds invest in securities included in, or representative of securities included in, the index, regardless of their investment merits. Small and medium-capitalization companies tend to have more limited liquidity and greater price volatility than large-capitalization companies. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Market vs. NAV Returns. The total return of an ETF based on its market price and its NAV at the beginning and end of the holding period. The market return, not the NAV return, is the return actually earned by ETF investors, except for those who hold creation units. The NAV is the value of each share of a fund as determined by the value of its underlying holdings, including any cash in the portfolio. NAV is calculated by dividing a fund's total net assets by its number of shares outstanding.

The Vident Funds 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. Quasar is not the distributor of FLAG ETF.

Diversification does not guarantee a profit or protect from loss in a declining market.

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