Vident Financial
Index Repurposing Announcement

Effective at the close of business on January 6, 2016, the funds will begin tracking the following indices: Vident Core International Equity Index (VIEQX), Vident Core U.S. Stock Index (VCUSX), and Vident Core U.S. Bond Index (VUBDX). Each new index continues to employ Vident’s fundamental principles-based investment framework, but each provides material enhancements over the existing indices.

The Vident International Equity ETF’s underlying index, Vident International Equity Index (VIDIX), will be replaced with the Vident Core International Equity Index (VIEQX) and effective January 6, 2016 Vident International Equity Fund (VIDI) will begin tracking VIEQX. The new index (VIEQX), seeks to enhance principle expression through country allocation and stock selection. It aims to provide investors with a well-diversified set of global equities exposures across countries, regions and stocks, emphasizing countries with more favorable conditions for investment as well as economic and financial market resilience. At the individual stock level, the new index also seeks to enhance investors’ stock exposures, systematically selecting higher quality stocks with more favorable valuations and with a confirming price trend. The index is designed to be fully investable and fully replicable, with explicit consideration given to turnover, trading costs and liquidity.

The Vident Core U.S. Equity ETF’s underlying index, Vident Core U.S. Equity Index (VIUSX), will be replaced with the Vident Core U.S. Stock Index (VCUSX) and effective January 6, 2016 the Vident Core U.S. Equity Fund (VUSE) will begin tracking VCUSX. The new index (VCUSX), seeks to enhance principle expression through improved stock selection. It achieves this by systematically selecting higher quality stocks with more favorable valuations and with a confirming price trend. The index is designed to be fully investable and fully replicable, with explicit additional consideration given to turnover, trading costs and liquidity.

The Vident Core Bond Strategy ETF’s underlying index, Vident Core Bond Strategy Index (VBNDX), will be replaced with the Vident Core U.S. Bond Index (VUBDX) and effective January 6, 2016 the Vident Core U.S. Bond Strategy Fund (VBND) will begin tracking VUBDX.


Disclosure:

The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company and may be obtained by calling 1-800-617-0004.

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.

The Vident Core International Equity Index (Bloomberg Symbol: VIEQX) is a strategy seeking to balance risk across developed and emerging countries and emphasize those with favorable conditions for growth. The Vident Core US Stock Index (Bloomberg Symbol: VCUSX) is a strategy which seeks to apply principles-based reasoning, expressed through innovative risk design to address the risks and opportunities of US equity investing. It is not possible to invest directly in an index. The Vident Core US Bond Index (Bloomberg Symbol: VUBDX) is a strategy which seeks to utilize time-tested principles to improve corporate bond exposures by screening for companies with strong leadership, governance and creditworthiness factors. You cannot invest directly in an Index.

The Vident International Equity Index (Bloomberg Symbol: VIDIX) is a strategy seeking to balance risk across developed and emerging countries and emphasize those with favorable conditions for growth. The Vident Core US Equity Index (Bloomberg Symbol: VIUSX) is a strategy which seeks to apply principles-based reasoning, expressed through innovative risk design to address the risks and opportunities of US equity investing. It is not possible to invest directly in an index. The Vident Core US Bond Strategy Index (Bloomberg Symbol: VBNDX) is a strategy which seeks to utilize time-tested principles to improve corporate bond exposures by screening for companies with strong leadership, governance and creditworthiness factors. You cannot invest directly in an Index.

Diversification does not assure a profit or protect against loss in a declining market.

The Vident Funds are distributed by Quasar Distributors, LLC

A systematic & rules-based investment process

Applying timeless wisdom & established principles

A distinct philosophy & rigorous global research

Nav History

Nav Date
01/18/2019 30.4900
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01/16/2019 29.8600
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01/03/2019 27.6100
01/02/2019 28.1800
12/31/2018 28.0500
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02/28/2018 32.8600
02/27/2018 33.2800
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02/20/2018 33.0600
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02/13/2018 32.4100
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02/09/2018 31.9700
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02/02/2018 33.6600
02/01/2018 34.5800
01/31/2018 34.5500
01/30/2018 34.7400
01/29/2018 35.1700
01/26/2018 35.4400
01/25/2018 35.1100
01/24/2018 35.1700
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01/22/2018 35.2800
01/19/2018 35.1300
01/18/2018 34.8000
01/16/2018 34.5900
01/12/2018 34.8400
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01/10/2018 34.0200
01/09/2018 34.0500
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01/03/2018 33.7100
01/02/2018 33.7100
12/29/2017 33.3600
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12/27/2017 33.5200
12/26/2017 33.5300
12/22/2017 33.4900
12/21/2017 33.4700
12/20/2017 33.6500
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12/18/2017 33.6000
12/15/2017 33.2100
12/14/2017 32.8100
12/13/2017 33.2300
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12/11/2017 33.3000
12/08/2017 33.3300
12/07/2017 33.1100
12/06/2017 32.9600
12/05/2017 33.0100
12/04/2017 33.2200
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11/30/2017 33.2500
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11/28/2017 32.7800
11/27/2017 32.3200
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11/22/2017 32.3600
11/21/2017 32.3900
11/20/2017 32.1700
11/17/2017 31.9900
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11/14/2017 31.5700
11/13/2017 31.6000
11/10/2017 31.6200
11/09/2017 31.5600
11/08/2017 31.6500
11/07/2017 31.4900
11/06/2017 31.7000
11/03/2017 31.6200
11/02/2017 31.6400
11/01/2017 31.5500
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10/30/2017 31.4200
10/27/2017 31.7000
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10/25/2017 31.5000
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10/16/2017 31.3000
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10/11/2017 31.4000
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10/06/2017 31.4800
10/05/2017 31.5600
10/04/2017 31.5200
10/03/2017 31.5500
10/02/2017 31.4800
09/29/2017 31.2100
09/28/2017 31.1800
09/27/2017 31.1200
09/26/2017 30.7900
09/25/2017 30.6600
09/22/2017 30.5900
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09/20/2017 30.4700
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09/11/2017 29.9600
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09/05/2017 29.6600
09/01/2017 30.0300
08/31/2017 29.8300
08/30/2017 29.6400
08/29/2017 29.4800
08/28/2017 29.5000
08/25/2017 29.4800
08/24/2017 29.2900
08/23/2017 29.3300
08/22/2017 29.3900
08/21/2017 29.0600
08/18/2017 29.1100
08/17/2017 29.1600
08/16/2017 29.7400
08/15/2017 29.6600
08/14/2017 29.8000
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08/08/2017 30.1000
08/07/2017 30.1800
08/04/2017 30.1000
08/03/2017 30.0000
08/02/2017 30.1200
08/01/2017 30.2700
07/31/2017 30.2200
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07/26/2017 30.4000
07/25/2017 30.6000
07/24/2017 30.3400
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07/19/2017 30.5000
07/18/2017 30.2100
07/17/2017 30.3300
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07/12/2017 29.9500
07/11/2017 29.7200
07/10/2017 29.7100
07/07/2017 29.7900
07/06/2017 29.5300
07/05/2017 29.8900
07/03/2017 29.9800
06/30/2017 29.7000
06/29/2017 29.6800
06/28/2017 29.8400
06/27/2017 29.4600
06/26/2017 29.6400
06/23/2017 29.5300
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06/21/2017 29.3200
06/20/2017 29.4000
06/19/2017 29.7600
06/16/2017 29.5300
06/15/2017 29.6600
06/14/2017 29.8400
06/13/2017 30.0600
06/12/2017 29.9900
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06/07/2017 29.5500
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05/31/2017 29.1800
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05/22/2017 29.1800
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05/18/2017 28.7900
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05/12/2017 29.3400
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05/10/2017 29.8400
05/09/2017 29.7000
05/08/2017 29.6600
05/05/2017 29.7300
05/04/2017 29.5200
05/03/2017 29.5500
05/02/2017 29.6800
05/01/2017 29.7300
04/28/2017 29.7000
04/27/2017 29.9200
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04/24/2017 29.6900
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04/05/2017 28.9700
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04/03/2017 29.2800
03/31/2017 29.5700
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03/28/2017 29.2500
03/27/2017 28.9800
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03/20/2017 29.5200
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03/14/2017 29.3000
03/13/2017 29.4900
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03/08/2017 29.4600
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03/06/2017 29.7200
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03/01/2017 30.2800
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02/03/2017 29.5400
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02/01/2017 29.2900
01/31/2017 29.2500
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01/26/2017 29.6400
01/25/2017 29.7900
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01/23/2017 29.0200
01/20/2017 29.1900
01/19/2017 29.0700
01/18/2017 29.2800
01/17/2017 29.1300
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01/12/2017 29.1800
01/11/2017 29.3500
01/10/2017 29.2400
01/09/2017 29.0300
01/06/2017 29.2800
01/05/2017 29.3400
01/04/2017 29.6500
01/03/2017 29.2700
12/30/2016 29.0100
12/29/2016 29.1800
12/28/2016 29.1700
12/27/2016 29.5300
12/23/2016 29.3900
12/22/2016 29.4200
12/21/2016 29.6800
12/20/2016 29.7900
12/19/2016 29.5600
12/16/2016 29.4400
12/15/2016 29.6100
12/14/2016 29.4000
12/13/2016 29.7900
12/12/2016 29.7400
12/09/2016 29.9700
12/08/2016 30.0000
12/07/2016 29.6600
12/06/2016 29.2300
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12/02/2016 28.6100
12/01/2016 28.6000
11/30/2016 28.6200
11/29/2016 28.5100
11/28/2016 28.5500
11/25/2016 28.8100
11/23/2016 28.7300
11/22/2016 28.6000
11/21/2016 28.3500
11/18/2016 28.1300
11/17/2016 28.1800
11/16/2016 27.9800
11/15/2016 28.0500
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11/08/2016 26.1800
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10/11/2016 26.4600
10/10/2016 26.8800
10/07/2016 26.6700
10/06/2016 26.8400
10/05/2016 26.8100
10/04/2016 26.5100
10/03/2016 26.6300
09/30/2016 26.7400
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09/28/2016 26.6600
09/27/2016 26.3800
09/26/2016 26.2500
09/23/2016 26.4700
09/22/2016 26.7000
09/21/2016 26.4200
09/20/2016 26.0000
09/19/2016 26.1600
09/16/2016 25.9900
09/15/2016 26.1000
09/14/2016 25.7600
09/13/2016 25.8500
09/12/2016 26.3300
09/09/2016 26.0200
09/08/2016 26.7200
09/07/2016 26.7500
09/06/2016 26.6100
09/02/2016 26.6000
09/01/2016 26.4000
08/31/2016 26.5500
08/30/2016 26.6600
08/29/2016 26.7500
08/26/2016 26.5700
08/25/2016 26.7000
08/24/2016 26.6600
08/23/2016 26.8900
08/22/2016 26.7000
08/19/2016 26.7500
08/18/2016 26.7400
08/17/2016 26.4600
08/16/2016 26.4900
08/15/2016 26.6800
08/12/2016 26.4500
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08/09/2016 26.4100
08/08/2016 26.5000
08/05/2016 26.4600
08/04/2016 26.0500
08/03/2016 26.0300
08/02/2016 25.7600
08/01/2016 26.1100
07/29/2016 26.3100
07/28/2016 26.2900
07/27/2016 26.2500
07/26/2016 26.3700
07/25/2016 26.2200
07/22/2016 26.2400
07/21/2016 26.0400
07/20/2016 26.1800
07/19/2016 26.0700
07/18/2016 26.1900
07/15/2016 26.1200
07/14/2016 26.1400
07/13/2016 26.0600
07/12/2016 26.0600
07/11/2016 25.7700
07/08/2016 25.6200
07/07/2016 25.1000
07/06/2016 25.0800
07/05/2016 24.9300
07/01/2016 25.2700
06/30/2016 25.1900
06/29/2016 24.7300
06/28/2016 24.3400
06/27/2016 23.9300
06/24/2016 24.5500
06/23/2016 25.4800
06/22/2016 25.1200
06/21/2016 25.1500
06/20/2016 25.1100
06/17/2016 24.8600
06/16/2016 24.8400
06/15/2016 24.7900
06/14/2016 24.8000
06/13/2016 25.0000
06/10/2016 25.3200
06/09/2016 25.6600
06/08/2016 25.7200
06/07/2016 25.6400
06/06/2016 25.5300
06/03/2016 25.3900
06/02/2016 25.4900
06/01/2016 25.4000
05/31/2016 25.3100
05/27/2016 25.2600
05/26/2016 25.0800
05/25/2016 25.1100
05/24/2016 24.9800
05/23/2016 24.6100
05/20/2016 24.6700
05/19/2016 24.4100
05/18/2016 24.4400
05/17/2016 24.4400
05/16/2016 24.6700
05/13/2016 24.4600
05/12/2016 24.6600
05/11/2016 24.7600
05/10/2016 25.0300
05/09/2016 24.7700
05/06/2016 24.7600
05/05/2016 24.6600
05/04/2016 24.7700
05/03/2016 24.9700
05/02/2016 25.2700
04/29/2016 25.1500
04/28/2016 25.3900
04/27/2016 25.7500
04/26/2016 25.5900
04/25/2016 25.3600
04/22/2016 25.4800
04/21/2016 25.3200
04/20/2016 25.5900
04/19/2016 25.5700
04/18/2016 25.4800
04/15/2016 25.3500
04/14/2016 25.3200
04/13/2016 25.4200
04/12/2016 25.0200
04/11/2016 24.8000
04/08/2016 24.8700
04/07/2016 24.8100
04/06/2016 25.1600
04/05/2016 24.9900
04/04/2016 25.2500
04/01/2016 25.4300
03/31/2016 25.3600
03/30/2016 25.4000
03/29/2016 25.3700
03/28/2016 25.0600
03/24/2016 24.9700
03/23/2016 25.0100
03/22/2016 25.2700
03/21/2016 25.2700
03/18/2016 25.3000
03/17/2016 25.1600
03/16/2016 24.9800
03/15/2016 24.7500
03/14/2016 25.0700
03/11/2016 25.2100
03/10/2016 24.7500
03/09/2016 24.7800
03/08/2016 24.5900
03/07/2016 24.9100
03/04/2016 24.7500
03/03/2016 24.6900
03/02/2016 24.4400
03/01/2016 24.2700
02/29/2016 23.8200
02/26/2016 23.8900
02/25/2016 23.9100
02/24/2016 23.6500
02/23/2016 23.4100
02/22/2016 23.5900
02/19/2016 23.2100
02/18/2016 23.3000
02/17/2016 23.2600
02/16/2016 22.9400
02/12/2016 22.4700
02/11/2016 22.0000
02/10/2016 22.3400
02/09/2016 22.3300
02/08/2016 22.3500
02/05/2016 22.6500
02/04/2016 22.9900
02/03/2016 22.8900
02/02/2016 22.8200
02/01/2016 23.3300
01/29/2016 23.3000
01/28/2016 22.6200
01/27/2016 22.6000
01/26/2016 22.8100
01/25/2016 22.3300
01/22/2016 22.7800
01/21/2016 22.3100
01/20/2016 22.2100
01/19/2016 22.3500
01/15/2016 22.4600
01/14/2016 22.9000
01/13/2016 22.6500
01/12/2016 23.2700
01/11/2016 23.1200
01/08/2016 23.1200
01/07/2016 23.5200
01/06/2016 24.0300
01/05/2016 24.4500
01/04/2016 24.4100
12/31/2015 24.7800
12/30/2015 25.0200
12/29/2015 25.2600
12/28/2015 25.2400
12/24/2015 25.4100
12/23/2015 25.4200
12/22/2015 25.0500
12/21/2015 24.7300
12/18/2015 24.5400
12/16/2015 25.1900
12/15/2015 24.8800
12/14/2015 24.5400
12/11/2015 24.6900
12/10/2015 25.2200
12/09/2015 25.1800
12/08/2015 25.3700
12/07/2015 25.5900
12/03/2015 25.7000
12/02/2015 26.0500
12/01/2015 26.3400
11/30/2015 26.1800
11/27/2015 26.2300
11/25/2015 26.1700
11/24/2015 26.0700
11/23/2015 25.8900
11/20/2015 25.8000
11/18/2015 25.7900
11/17/2015 25.3800
11/16/2015 25.4800
11/13/2015 25.1900
11/12/2015 25.4100
11/11/2015 25.8900
11/10/2015 26.1400
11/09/2015 26.0900
11/06/2015 26.4300
11/05/2015 26.3100
11/04/2015 26.2100
11/03/2015 26.3100
11/02/2015 26.1400
10/30/2015 25.7000
10/29/2015 25.7200
10/28/2015 25.9000
10/27/2015 25.3300
10/26/2015 25.6300
10/23/2015 25.8100
10/22/2015 25.5800
10/21/2015 25.3900
10/20/2015 25.6800
10/19/2015 25.5800
10/16/2015 25.5800
10/15/2015 25.6000
10/14/2015 25.2500
10/13/2015 25.4100
10/12/2015 25.6500
10/09/2015 25.6700
10/08/2015 25.6800
10/07/2015 25.3700
10/06/2015 25.0600
10/05/2015 25.0800
10/02/2015 24.4400
10/01/2015 24.0500
09/30/2015 24.1400
09/29/2015 23.8300
09/28/2015 23.8600
09/25/2015 24.4700
09/24/2015 24.6100
09/23/2015 24.6100
09/22/2015 24.7100
09/21/2015 25.0800
09/18/2015 25.0100
09/17/2015 25.4500
09/16/2015 25.4500
09/15/2015 25.2000
09/14/2015 24.9300
09/11/2015 25.0300
09/10/2015 25.0400
09/09/2015 24.9800
09/08/2015 25.2500
09/04/2015 24.7900
09/03/2015 25.0600
09/02/2015 24.9700
09/01/2015 24.6600
08/28/2015 25.3600
08/27/2015 25.1700
08/26/2015 24.6400
08/25/2015 23.9800
08/24/2015 24.1800
08/21/2015 25.1400
08/20/2015 25.6300
08/19/2015 26.1500
08/18/2015 26.4500
08/17/2015 26.6000
08/14/2015 26.4500
08/13/2015 26.2900
08/12/2015 26.4200
08/11/2015 26.4100
08/10/2015 26.6700
08/07/2015 26.2300
08/06/2015 26.3800
08/05/2015 26.4700
08/04/2015 26.3700
08/03/2015 26.4000
07/31/2015 26.6000
07/30/2015 26.5900
07/29/2015 26.5400
07/28/2015 26.3400
07/27/2015 26.0700
07/24/2015 26.2700
07/23/2015 26.5800
07/22/2015 26.8100
07/21/2015 26.7900
07/20/2015 26.9200
07/17/2015 27.0800
07/16/2015 27.2900
07/15/2015 27.1400
07/14/2015 27.3200
07/13/2015 27.2000
07/10/2015 26.9600
07/09/2015 26.6600
07/08/2015 26.6400
07/07/2015 27.0200
07/06/2015 26.9200
07/02/2015 27.0200
07/01/2015 27.1500
06/30/2015 27.0000
06/29/2015 26.9800
06/26/2015 27.5600
06/25/2015 27.5700
06/24/2015 27.6200
06/23/2015 27.8700
06/22/2015 27.7600
06/19/2015 27.6400
06/18/2015 27.6700
06/17/2015 27.4500
06/16/2015 27.4900
06/15/2015 27.3900
06/12/2015 27.5400
06/11/2015 27.6600
06/10/2015 27.6000
06/09/2015 27.2900
06/08/2015 27.3100
06/05/2015 27.4800
06/04/2015 27.4000
06/03/2015 27.6800
06/02/2015 27.5100
06/01/2015 27.4500
05/29/2015 27.4400
05/28/2015 27.5600
05/27/2015 27.5700
05/26/2015 27.3200
05/22/2015 27.6500
05/21/2015 27.7500
05/20/2015 27.7300
05/19/2015 27.7000
05/18/2015 27.7900
05/15/2015 27.5800
05/14/2015 27.6100
05/13/2015 27.3900
05/12/2015 27.3500
05/11/2015 27.4500
05/08/2015 27.4500
05/07/2015 27.2700
05/06/2015 27.2700
05/05/2015 27.2500
05/04/2015 27.5800
05/01/2015 27.5100
04/30/2015 27.2900
04/29/2015 27.6100
04/28/2015 27.8200
04/27/2015 27.6500
04/24/2015 27.8200
04/23/2015 27.8500
04/22/2015 27.7300
04/21/2015 27.6700
04/20/2015 27.7500
04/17/2015 27.5100
04/16/2015 27.8700
04/15/2015 27.9600
04/14/2015 27.7400
04/13/2015 27.6800
04/10/2015 27.7500
04/09/2015 27.6500
04/08/2015 27.6200
04/07/2015 27.5400
04/06/2015 27.6900
04/02/2015 27.5100
04/01/2015 27.4200
03/31/2015 27.3800
03/30/2015 27.4800
03/27/2015 27.1700
03/26/2015 27.0900
03/25/2015 27.1400
03/24/2015 27.5900
03/23/2015 27.6900
03/20/2015 27.6200
03/19/2015 27.3200
03/18/2015 27.4100
03/17/2015 27.1000
03/16/2015 27.1900
03/13/2015 27.0300
03/12/2015 27.1400
03/11/2015 26.8000
03/10/2015 26.7100
03/09/2015 27.0800
03/06/2015 26.9800
03/05/2015 27.3300
03/04/2015 27.3100
03/03/2015 27.4000
03/02/2015 27.5400
02/27/2015 27.4100
02/26/2015 27.5200
02/25/2015 27.5200
02/24/2015 27.5000
02/23/2015 27.4500
02/20/2015 27.4600
02/19/2015 27.3700
02/13/2015 27.3700
02/12/2015 27.2000
02/11/2015 26.9500
02/10/2015 26.9700
02/09/2015 26.8600
02/06/2015 26.9700
02/05/2015 26.9700
02/04/2015 26.6400
02/03/2015 26.7900
02/02/2015 26.2800
01/30/2015 25.9200
01/29/2015 26.3800
01/28/2015 26.1900
01/27/2015 26.5800
01/26/2015 26.7700
01/23/2015 26.6000
01/22/2015 26.6800
01/21/2015 26.2100
01/20/2015 26.1300
01/16/2015 26.2200
01/15/2015 25.8100
01/14/2015 26.0900
01/13/2015 26.2000
01/09/2015 26.3600
01/08/2015 26.6200
01/07/2015 26.1900
01/06/2015 25.9000
01/05/2015 26.2300
12/31/2014 26.8100
12/30/2014 27.0600
12/29/2014 27.1300
12/26/2014 27.0500
12/24/2014 26.9400
12/23/2014 26.9200
12/22/2014 26.8100
12/19/2014 26.7200
12/18/2014 26.5900
12/17/2014 26.1300
12/16/2014 25.5400
12/15/2014 25.7300
12/12/2014 25.8600
12/11/2014 26.2400
12/10/2014 26.1300
12/09/2014 26.6600
12/08/2014 26.4700
12/05/2014 26.7600
12/04/2014 26.6700
12/03/2014 26.7900
12/02/2014 26.5800
12/01/2014 26.4000
11/28/2014 26.6700
11/26/2014 26.9200
11/25/2014 26.9000
11/24/2014 26.9300
11/21/2014 26.7700
11/20/2014 26.6900
11/19/2014 26.4700
11/18/2014 26.6100
11/17/2014 26.5000
11/14/2014 26.5700
11/13/2014 26.5400
11/12/2014 26.6800
11/11/2014 26.5600
11/10/2014 26.5700
11/07/2014 26.5100
11/06/2014 26.4900
11/05/2014 26.4000
11/04/2014 26.2900
11/03/2014 26.3500
10/31/2014 26.4000
10/30/2014 26.0400
10/29/2014 25.9000
10/28/2014 25.9100
10/27/2014 25.4000
10/24/2014 25.4700
10/23/2014 25.4100
10/22/2014 25.0800
10/21/2014 25.3200
10/20/2014 24.8400
10/17/2014 24.5900
10/16/2014 24.5000
10/15/2014 24.4000
10/14/2014 24.4000
10/13/2014 24.2400
10/10/2014 24.4300
10/08/2014 25.2900
10/07/2014 24.8700
10/06/2014 25.2300
10/03/2014 25.3200
10/02/2014 25.1700
10/01/2014 25.0900
09/30/2014 25.3800
09/29/2014 25.6200
09/26/2014 25.6800
09/25/2014 25.5200
09/24/2014 25.8800
09/23/2014 25.7000
09/22/2014 25.9300
09/19/2014 26.2300
09/18/2014 26.3800
09/17/2014 26.3000
09/16/2014 26.3300
09/15/2014 26.3000
09/12/2014 26.4200
09/11/2014 26.6500
09/10/2014 26.5500
09/09/2014 26.4900
09/08/2014 26.7000
09/05/2014 26.7500
09/04/2014 26.6700
09/03/2014 26.7500
09/02/2014 26.7900
08/29/2014 26.7700
08/28/2014 26.6300
08/27/2014 26.6900
08/26/2014 26.6700
08/25/2014 26.5700
08/22/2014 26.5000
08/21/2014 26.5200
08/20/2014 26.4400
08/19/2014 26.4400
08/18/2014 26.3100
08/15/2014 26.0500
08/14/2014 26.0800
08/13/2014 26.0000
08/12/2014 25.8600
08/11/2014 25.9800
08/08/2014 25.8300
08/07/2014 25.5800
08/06/2014 25.7500
08/05/2014 25.6900
08/04/2014 25.7900
08/01/2014 25.6300
07/31/2014 25.6900
07/30/2014 26.0700
07/29/2014 26.0600
07/28/2014 26.1400
07/25/2014 26.1700
07/24/2014 26.3600
07/23/2014 26.3600
07/22/2014 26.3700
07/21/2014 26.2000
07/18/2014 26.3000
07/17/2014 26.0100
07/16/2014 26.3100
07/15/2014 26.2500
07/14/2014 26.3700
07/11/2014 26.2600
07/10/2014 26.2800
07/09/2014 26.4300
07/08/2014 26.3900
07/07/2014 26.5400
07/03/2014 26.7900
07/02/2014 26.6100
07/01/2014 26.6800
06/30/2014 26.4800
06/27/2014 26.4400
06/26/2014 26.3200
06/25/2014 26.3600
06/24/2014 26.2300
06/23/2014 26.4500
06/20/2014 26.4900
06/19/2014 26.4300
06/18/2014 26.3900
06/17/2014 26.2600
06/16/2014 26.2000
06/13/2014 26.1600
06/12/2014 26.0800
06/11/2014 26.2000
06/10/2014 26.3200
06/09/2014 26.3800
06/06/2014 26.2900
06/05/2014 26.1300
06/04/2014 25.8300
06/03/2014 25.7500
06/02/2014 25.7600
05/30/2014 25.8000
05/29/2014 25.8000
05/28/2014 25.6800
05/27/2014 25.7400
05/23/2014 25.5600
05/22/2014 25.4300
05/21/2014 25.3300
05/20/2014 25.2100
05/19/2014 25.4700
05/16/2014 25.3200
05/15/2014 25.2100
05/14/2014 25.4000
05/13/2014 25.6600
05/12/2014 25.7600
05/09/2014 25.3900
05/08/2014 25.2600
05/07/2014 25.4100
05/05/2014 25.4800
05/02/2014 25.5200
05/01/2014 25.4500
04/30/2014 25.5200
04/29/2014 25.3800
04/25/2014 25.3300
04/24/2014 25.5700
04/23/2014 25.6100
04/22/2014 25.6500
04/21/2014 25.5100
04/17/2014 25.4000
04/16/2014 25.3100
04/15/2014 25.1200
04/14/2014 25.0000
04/11/2014 24.8300
04/10/2014 25.1200
04/09/2014 25.5900
04/08/2014 25.3900
04/07/2014 25.2300
04/04/2014 25.4900
04/03/2014 25.8400
04/02/2014 25.9100
04/01/2014 25.7900
03/31/2014 25.5900
03/28/2014 25.2600
03/27/2014 25.1100
03/26/2014 25.1600
03/25/2014 25.4000
03/24/2014 25.3400
03/21/2014 25.4900
03/20/2014 25.4800
03/19/2014 25.3700
03/18/2014 25.5200
03/17/2014 25.3000
03/14/2014 25.1200
03/13/2014 25.0500
03/12/2014 25.3100
03/11/2014 25.2600
03/10/2014 25.4800
03/07/2014 25.4900
03/06/2014 25.4500
03/05/2014 25.3900
03/04/2014 25.4100
03/03/2014 25.0000
02/28/2014 25.1500
02/27/2014 25.1300
02/26/2014 25.0400
02/25/2014 24.9500
02/24/2014 24.9600
02/21/2014 24.8000
02/20/2014 24.8000
02/19/2014 24.6000
02/18/2014 24.7700
02/14/2014 24.6300
02/13/2014 24.5300
02/12/2014 24.3000
02/11/2014 24.2500
02/10/2014 24.0200
02/07/2014 24.0000
02/06/2014 23.7500
02/05/2014 23.5100
02/04/2014 23.6000
02/03/2014 23.4900
01/31/2014 24.1200
01/30/2014 24.3000
01/29/2014 24.1000
01/28/2014 24.3400
01/27/2014 24.1800
01/24/2014 24.3400
01/23/2014 24.8700
01/22/2014 25.0900

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.

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.

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.

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

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