Vident Financial

VIDI


Vident Core International Equity ETF

As of 12/10/2018

Fund Details


Ticker VIDI
Primary Exchange NYSE
CUSIP 26922A404
Net Assets $558,160,429.57
Expense Ratio 0.61%
Total Annual Operating Expenses 0.68%
Inception Date 10/30/2013
Shares Outstanding 24,200,000.00
30 day SEC yield (as of 11.30.18) 2.86%
Market Price
NAV $23.06
Premium/Discount 0%
Distribution Frequency Quarterly





Fund Summary: The Vident International Equity Fund® seeks to track the price and performance of the Vident Core International Equity IndexTM (VIEQX), which seeks to apply time-tested investment principles to address the risks and opportunities of investing in developed and emerging markets outside the United States.

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Fund Objectives: The Vident Core International Equity ETF is a fully replicable fund that tracks the performance of VIEQX. A stock selection process is implemented that embeds and illuminates principles at the stock selection level. The fund seeks to tilt capital to higher quality companies at better valuations and diversify risks across stocks, sectors, countries and regions.


Principles: Vident’s principles are woven throughout the construction of the indices and therefore the funds that track them. The application of principles-based investing results in a portfolio with improved exposure to countries with faster economic growth potential, lower fundamental risk, and more favorable demographics relative to a traditional cap-weighted international equity approach.


UNCERTAINTY & INSTABILITY

Well-diversified across developed and emerging economies, regions, countries, and stocks.

HUMAN PRODUCTIVITY

The strategy favors countries with better demographics and higher productivity.


LEADERSHIP & GOVERNANCE

VIDI favors countries with lower government debt, lower government spending, higher savings, and better current account balances.

VALUATION

Capital is tilted toward countries at cheaper valuations and incorporates relative valuation in assessing and weighting companies within countries.





Premium Discount Chart

Total Returns

Month End Performance
(11/30/2018)
VIDI NAV Returns VIDI Market Price Returns
Cumulative
1 Month 1.61% 1.97%
3 Month -5.04% -5.08%
Last Quarter-end (09/30/2018) 0.56%
Year-to-date -13.81% -13.71%
Since Inception* 5.73% 5.46%
Average Annual
1 Year -11.29% -11.33%
3 Year 7.13% 7.16%
5 Year 1.56% 1.40%
Since Inception* 1.10% 1.05%

Quarter End Performance
(09/30/2018)
VIDI NAV Returns VIDI Market Price Returns
Cumulative
Quarter 0.56% -0.44%
Year To Date -7.39% -7.65%
Since Inception* 13.60% 12.86%
Average Annual
1 Year -2.99% -3.60%
3 Year 11.13% 10.98%
5 Year - -
10 Year - -
Since Inception* 2.62% 2.49%

*Fund Inception Date: 10/30/2013

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. To obtain performance data current to the most recent month-end, please call 404-267-1501.


As of 11/30/2018

Country Allocation

Country Weight
1. Japan 7.96%
2. Republic of Korea 7.86%
3. Hong Kong 7.38%
4. Singapore 6.38%
5. Switzerland 5.57%
6. Germany 5.32%
7. Turkey 5.27%
8. Thailand 5.07%
9. Canada 4.96%
10. Brazil 4.28%
11. Norway 4.20%
12. Netherlands 3.89%
13. United Kingdom 3.57%
14. Australia 3.52%
15. Malaysia 3.02%
16. Russian Federation 2.27%
17. Ireland 2.07%
18. China 2.03%
19. Taiwan 1.89%
20. France 1.74%
21. Mexico 1.65%
22. Italy 1.54%
23. Sweden 1.54%
24. Denmark 1.34%
25. Indonesia 1.17%
26. Poland 0.62%
27. Belgium 0.55%
28. India 0.52%
29. Finland 0.50%
30. Chile 0.49%
31. Spain 0.48%
32. South Africa 0.38%
33. Portugal 0.31%
34. United States 0.23%
35. Israel 0.22%
36. Jersey 0.21%
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As of 11/30/2018

Currency

Currency Abbr. Weight
1. Australian Dollar AUD 3.52%
2. Brazilian Real BRL 4.28%
3. Canadian Dollar CAD 4.96%
4. Swiss Franc CHF 4.66%
5. Chilean Peso CLP 0.49%
6. Danish Krone DKK 1.34%
7. Euro EUR 13.34%
8. British Pound GBP 4.25%
9. Hong Kong Dollar HKD 9.01%
10. Indonesian Rupiah IDR 1.17%
11. Israeli New Shekel ILS 0.13%
12. Japanese Yen JPY 7.97%
13. South-Korean Won KRW 7.86%
14. Mexican Peso MXN 1.65%
15. Malaysian Ringgit MYR 3.02%
16. Norwegian Kroner NOK 4.20%
17. Polish Zloty PLN 0.62%
18. Swedish Krona SEK 1.09%
19. Singapore Dollar SGD 5.53%
20. Thai Baht THB 5.07%
21. Turkish New Lira TRY 5.27%
22. Taiwan Dollar TWD 1.89%
23. US Dollar USD 8.30%
24. South African Rand ZAR 0.38%
Show All
As of 11/30/2018

Sector Breakdown

Name Weight
1. Financials 18.70%
2. Industrials 13.64%
3. Consumer Staples 10.51%
4. Consumer Discretionary 9.70%
5. Information Technology 9.00%
6. Energy 8.80%
7. Materials 7.68%
8. Health Care 7.24%
9. Communication Services 7.19%
10. Utilities 4.16%
11. Real Estate 3.15%
12. Money Market Fund 0.23%
As of 12/10/2018

Top Holdings

Top Holdings will be made available momentarily after the first full day of trading has completed.

Name Weight
1. SUMITOMO DAINIPPON 0.84%
2. AIR CANADA 0.68%
3. LG UPLUS CORP 0.68%
4. JBS SA 0.67%
5. CHINA MOBILE LTD 0.64%
6. PETROL BRASILEIROS 0.64%
7. VESTAS WIND SYSTEM 0.64%
8. CHINA TELECOM CORP 0.64%
9. HYUNDAI ENG & CONS 0.62%
10. ROCHE HLDGS AG 0.61%

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Please click on the following links to view each Fund's current holdings: VIDI Holdings, VUSE Holdings, VBND Holdings

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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