Vident Financial


As of 12/5/2019

VBND Holdings

Top Holdings Weight Shares
1. FIRST AMERN FDS INC 1.53% 12/01/2031 8.98% 46230280.26
2. UNITED STATES TREAS NTS 2.13% 12/31/2021 3.84% 19385000
3. UNITED STATES TREAS BDS 8% 11/15/2021 3.79% 17340000
4. UNITED STATES TREAS BDS 3.75% 11/15/2043 2.82% 11310000
5. UNITED STATES TREAS NTS 1.75% 11/30/2021 2.65% 13605000
6. UNITED STATES TREAS NTS 2.5% 01/15/2022 2.62% 13125000
7. UNITED STATES TREAS BDS 4.38% 05/15/2041 2.44% 9100000
8. FNMA TBA 30YR TBA 4% DEC 4% 12/15/2041 2.22% 11000000
9. FNMA TBA 30YR TBA 3.5% DEC 3.5% 12/15/2040 2.19% 11000000
10. UNITED STATES TREAS NTS 2% 08/31/2021 1.97% 10045000
11. UNITED STATES TREAS NTS 1.13% 08/31/2021 1.85% 9565000
12. UNITED STATES TREAS NTS 2% 12/31/2021 1.74% 8815000
13. UNITED STATES TREAS NTS 2.13% 09/30/2021 1.69% 8600000
14. UNITED STATES TREAS NTS 2.88% 10/15/2021 1.64% 8230000
15. FNMA TBA 30YR TBA 5.00% DEC 5% 12/15/2040 1.62% 7810000
16. UNITED STATES TREAS NTS 2% 10/31/2021 1.46% 7460000
17. UNITED STATES TREAS NTS 1.25% 10/31/2021 1.36% 7035000
18. UNITED STATES TREAS NTS 1.88% 01/31/2022 1.34% 6800000
19. UNITED STATES TREAS BDS 3.63% 08/15/2043 1.31% 5330000
20. UNITED STATES TREAS NTS 1.13% 09/30/2021 1.25% 6480000
21. UNITED STATES TREAS NTS 2.88% 11/15/2021 1.08% 5410000
22. UNITED STATES TREAS NTS 2.75% 09/15/2021 1.06% 5300000
23. UNITED STATES TREAS BDS 4.25% 11/15/2040 1.05% 3990000
24. UNITED STATES TREAS NTS 2.5% 02/15/2022 1.05% 5285000
25. UNITED STATES TREAS BDS 4.75% 02/15/2041 1% 3550000
26. UNITED STATES TREAS NTS 1.88% 11/30/2021 0.95% 4855000
27. UNITED STATES TREAS BDS 3.75% 08/15/2041 0.8% 3225000
28. UNITED STATES TREAS BDS 3.63% 02/15/2044 0.79% 3180000
29. UNITED STATES TREAS NTS 1.5% 01/31/2022 0.78% 4010000
30. UNITED STATES TREAS NTS 2% 11/15/2021 0.76% 3880000
31. UNITED STATES TREAS BDS 6.13% 11/15/2027 0.66% 2575000
32. UNITED STATES TREAS BDS 5.5% 08/15/2028 0.62% 2440000
33. UNITED STATES TREAS BDS 5.25% 11/15/2028 0.6% 2405000
34. FNMA TBA 30YR TBA 3% DEC 3% 12/15/2042 0.56% 2860000
35. UNITED STATES TREAS BDS 6.5% 11/15/2026 0.56% 2180000
36. GNMAII JUMBO TBA 30YR 3.50% DEC 3.5% 12/15/2042 0.46% 2310000
37. UNITED STATES TREAS BDS 6% 02/15/2026 0.43% 1730000
38. ADIENT GLOBAL HLDGS LTD 4.88% 08/15/2026 0.42% 2500000
39. UNITED STATES STL CORP NEW 6.25% 03/15/2026 0.38% 2180000
40. EMBARQ CORP 8% 06/01/2036 0.37% 1850000
41. CNX RESOURCES CORPORATION 7.25% 03/14/2027 0.37% 2280000
42. L BRANDS INC 6.75% 07/01/2036 0.37% 2155000
43. DISH DBS CORP 7.75% 07/01/2026 0.37% 1770000
44. CLEVELAND CLIFFS INC 5.88% 06/01/2027 0.35% 1900000
45. TRINSEO MATLS OPER SCA / FIN SR GLBL 144A 25 5.38% 09/01/2025 0.35% 1800000
46. WASHINGTON PRIME GROUP LP 6.45% 08/15/2024 0.35% 1870000
47. TUTOR PERINI CORP 6.88% 05/01/2025 0.35% 1800000
48. CLOUD CRANE LLC 10.13% 08/01/2024 0.35% 1720000
49. EDISON INTL 4.13% 03/15/2028 0.34% 1695000
50. USA COMPRESSION PARTNERS LP 6.88% 09/01/2027 0.33% 1670000
51. DEVON FING CORP U L C 7.88% 09/30/2031 0.32% 1157000
52. ALLSTATE CORP 6.5% 05/15/2067 0.31% 1290000
53. AXA EQUITABLE HLDGS INC 5% 04/20/2048 0.31% 1475000
54. MARKEL CORP 5% 04/05/2046 0.31% 1375000
55. EQT CORP 3.9% 10/01/2027 0.31% 1810000
56. ENSTAR GROUP LTD 4.95% 06/01/2029 0.31% 1469000
57. INTERPUBLIC GROUP COS INC 5.4% 10/01/2048 0.31% 1295000
58. PRUDENTIAL FINL INC 5.7% 09/15/2048 0.31% 1370000
59. KIRBY CORP 4.2% 03/01/2028 0.31% 1485000
60. OWENS CORNING NEW 4.3% 07/15/2047 0.31% 1650000
61. SYNCHRONY FINL 3.7% 08/04/2026 0.3% 1500000
62. SPIRIT AEROSYSTEMS INC 4.6% 06/15/2028 0.3% 1410000
63. BNSF FUNDING TRUST 1 6.61% 12/15/2055 0.31% 1370000
64. GLP CAP LP/GLP FING II INC 5.75% 06/01/2028 0.3% 1350000
65. HESS CORP 6% 01/15/2040 0.3% 1325000
66. METLIFE INC 10.75% 08/01/2069 0.3% 930000
67. ING U S INC 5.65% 05/15/2053 0.29% 1420000
68. SOUTHERN CO 5.5% 03/15/2057 0.29% 1430000
69. DELTA AIR LINES INC DEL 4.38% 04/19/2028 0.29% 1435000
70. PBF HLDG CO LLC / PBF FIN CORP FR 7.25% 061525 7.25% 06/15/2025 0.3% 1400000
71. MACYS RETAIL HLDGS INC 3.63% 06/01/2024 0.29% 1475000
72. OLD REP INTL CORP 3.88% 08/26/2026 0.29% 1400000
73. INGREDION INC 3.2% 10/01/2026 0.29% 1460000
74. MICRON TECHNOLOGY INC 5.33% 02/06/2029 0.29% 1315000
75. ENERGY TRANSFER PRTNRS L P 7.5% 07/01/2038 0.29% 1169000
76. AETNA INC NEW 6.63% 06/15/2036 0.29% 1100000
77. FNMA TBA 30YR TBA 4.5% DEC 4.5% 12/15/2040 0.29% 1400000
78. SEAGATE HDD CAYMAN 4.88% 06/01/2027 0.28% 1380000
79. MOSAIC CO NEW 5.63% 11/15/2043 0.28% 1260000
80. UNITED STATES TREAS NTS 2% 02/15/2022 0.28% 1440000
81. CONTINENTAL RESOURCES INC 4.38% 01/15/2028 0.29% 1390000
82. MPLX LP 4.13% 03/01/2027 0.28% 1395000
83. HEWLETT PACKARD CO 6% 09/15/2041 0.28% 1300000
84. TECH DATA CORP 4.95% 02/15/2027 0.28% 1400000
85. HEWLETT PACKARD ENTERPRISE CO SR GLBL NT 45 6.35% 10/15/2045 0.28% 1210000
86. VULCAN MATLS CO 4.5% 06/15/2047 0.28% 1305000
87. ACTAVIS FUNDING SCS 4.85% 06/15/2044 0.28% 1300000
88. MASCO CORP 4.38% 04/01/2026 0.28% 1315000
89. HALLIBURTON CO 7.45% 09/15/2039 0.28% 1000000
90. MOLSON COORS BREWING CO 5% 05/01/2042 0.28% 1260000
91. OCCIDENTAL PETE CORP 6.6% 03/15/2046 0.28% 1100000
92. UNUM GROUP 5.75% 08/15/2042 0.28% 1250000
93. INTL PAPER CO 7.3% 11/15/2039 0.28% 1015000
94. BRIGHTHOUSE FINL INC 4.7% 06/22/2047 0.28% 1550000
95. MARATHON OIL CORP 6.6% 10/01/2037 0.28% 1140000
96. ARCHROCK PARTNERS L P / ARCHRO SR GLBL 144A 27 6.88% 04/01/2027 0.28% 1365000
97. WABTEC CORP 4.95% 09/15/2028 0.28% 1270000
98. JABIL INC 3.95% 01/12/2028 0.28% 1365000
99. APACHE CORP 5.25% 02/01/2042 0.28% 1470000
100. CARDINAL HEALTH INC 4.37% 06/15/2047 0.28% 1410000
101. AMERICAN EQTY INVT LIFE HLD CO CR SEN SR GLBL27 5% 06/15/2027 0.28% 1310000
102. FEDEX CORP 5.1% 01/15/2044 0.28% 1260000
103. VIACOM INC 6.88% 04/30/2036 0.27% 1070000
104. CHARTER COMMUNICATIONS OPER 6.83% 10/23/2055 0.27% 1100000
105. FLUOR CORP NEW 4.25% 09/15/2028 0.27% 1410000
106. FIFTH THIRD BANCORP 8.25% 03/01/2038 0.27% 905000
107. CONAGRA BRANDS INC 5.4% 11/01/2048 0.27% 1160000
108. PLAINS ALL AMERN PIPELINE L P SR NT 6.65% 37 6.65% 01/15/2037 0.28% 1200000
109. LEGG MASON INC 5.63% 01/15/2044 0.27% 1225000
110. LEAR CORP 3.8% 09/15/2027 0.27% 1360000
111. CARE CAP PPTYS LP 5.13% 08/15/2026 0.27% 1290000
112. WHIRLPOOL CORP 4.5% 06/01/2046 0.27% 1340000
113. NATIONAL OILWELL VARCO INC 3.95% 12/01/2042 0.27% 1520000
114. WALGREENS BOOTS ALLIANCE INC SR NT 4.8% 44 4.8% 11/18/2044 0.27% 1320000
115. MPT OPERATING PARTNERSHIP L.P SR GLBL NT 5% 27 5% 10/15/2027 0.27% 1300000
116. DARDEN RESTAURANTS INC 3.85% 05/01/2027 0.27% 1305000
117. ENABLE MIDSTREAM PARTNERS LP SR NT 5% 44 5% 05/15/2044 0.26% 1560000
118. CIMAREX ENERGY CO 3.9% 05/15/2027 0.26% 1325000
119. PATTERSON UTI ENERGY INC 3.95% 02/01/2028 0.27% 1435000
120. TENNESSEE VALLEY AUTH 5.88% 04/01/2036 0.25% 900000
121. AT&T INC 5.3% 08/15/2058 0.25% 1070000
122. EXELON GENERATION CO LLC 6.25% 10/01/2039 0.25% 1040000
123. HOLLYFRONTIER CORP 5.88% 04/01/2026 0.25% 1140000
124. GNMA TBA 30YR TBA 04.500% DEC 4.5% 12/15/2048 0.25% 1200000
125. NEXTERA ENERGY CAP HLDGS INC JR SB GLBL -M 77 4.8% 12/01/2077 0.25% 1240000
126. ONEOK PARTNERS LP 6.65% 10/01/2036 0.25% 1030000
127. DOMINION ENERGY INC 5.75% 10/01/2054 0.25% 1185000
128. GNMA TBA 30YR TBA 4% DEC 4% 12/15/2040 0.24% 1200000
129. GNMAII JUMBO TBA 30YR TBA 4.50% DEC 4.5% 12/15/2041 0.24% 1200000
130. GNMAII JUMBO TBA 30YR TBA 4% DEC 4% 12/15/2041 0.24% 1200000
131. GNMA TBA 30YR TBA 3.50% DEC 3.5% 12/15/2040 0.24% 1200000
132. GNMAII JUMBO TBA 30YR TBA 3% DEC 3% 12/15/2042 0.24% 1200000
133. GNMA TBA 30YR TBA 3% DEC 3% 12/15/2042 0.24% 1200000
134. ALTRIA GROUP INC 5.38% 01/31/2044 0.24% 1080000
135. COACH INC 4.13% 07/15/2027 0.24% 1185000
136. UNITED STATES TREAS BDS 3.13% 02/15/2043 0.24% 1035000
137. DIAMOND SPORTS GROUP LLC / DIA SR SEC GLBL 27 6.63% 08/15/2027 0.24% 1270000
138. ZAYO GROUP LLC/ZAYO CAP INC 6.38% 05/15/2025 0.23% 1150000
139. CARLISLE COS INC 3.75% 12/01/2027 0.23% 1130000
140. MARTIN MARIETTA MATLS INC 4.25% 12/15/2047 0.23% 1120000
141. BUCKEYE PARTNERS L P 3.95% 12/01/2026 0.23% 1255000
142. HASBRO INC 6.35% 03/15/2040 0.23% 1000000
143. TENNESSEE VALLEY AUTH 6.15% 01/15/2038 0.22% 755000
144. CONCHO RES INC 3.75% 10/01/2027 0.22% 1090000
145. TENNESSEE VALLEY AUTH 5.25% 09/15/2039 0.21% 780000
146. UNITED STATES TREAS NTS 1.88% 02/28/2022 0.21% 1065000
147. PSEG PWR LLC 8.63% 04/15/2031 0.2% 715000
148. SONOCO PRODS CO 5.75% 11/01/2040 0.19% 795000
149. ENTERPRISE PRODS OPER LLC 4.88% 08/16/2077 0.19% 965000
150. ALLEGHENY TECHNOLOGIES INC 7.88% 08/15/2023 0.19% 850000
151. MURPHY OIL CORP 5.75% 08/15/2025 0.19% 920000
152. CALPINE CORP 5.75% 01/15/2025 0.18% 890000
153. VALERO ENERGY CORP NEW 6.63% 06/15/2037 0.18% 670000
154. M D C HLDGS INC 6% 01/15/2043 0.17% 850000
155. CUMULUS MEDIA NEW HLDGS INC 6.75% 07/01/2026 0.17% 810000
156. UNITED STATES TREAS NTS 1.75% 02/28/2022 0.17% 850000
157. TALLGRASS ENERGY PARTNERS LP/ SR GLBL 144A 24 5.5% 09/15/2024 0.17% 870000
158. TENNESSEE VALLEY AUTH 7.13% 05/01/2030 0.15% 535000
159. TEREX CORP NEW 5.63% 02/01/2025 0.15% 760000
160. UNITED STATES CELLULAR CORP 6.7% 12/15/2033 0.15% 680000
161. FREEPORT-MCMORAN INC 5.4% 11/14/2034 0.14% 740000
162. AMKOR TECHNOLOGY INC 6.63% 09/15/2027 0.12% 555000
163. SALLY HLDGS LLC 5.63% 12/01/2025 0.12% 570000
164. CF INDS INC 5.38% 03/15/2044 0.12% 550000
165. GREIF INC 6.5% 03/01/2027 0.12% 550000
166. TENNESSEE VALLEY AUTH 1.88% 08/15/2022 0.11% 575000
167. NCR CORP NEW 6.13% 09/01/2029 0.11% 520000
168. GRAY ESCROW INC 7% 05/15/2027 0.11% 490000
169. HARSCO CORP 5.75% 07/31/2027 0.11% 500000
170. VALERO ENERGY PARTNERS LP 4.38% 12/15/2026 0.1% 480000
171. HOSPITALITY PPTYS TR 4.35% 10/01/2024 0.1% 510000
172. US Dollars 0% 0.1% 500000
173. HUGHES SATELLITE SYS CORP 6.63% 08/01/2026 0.1% 440000
174. GRUBHUB HLDGS INC 5.5% 07/01/2027 0.09% 500000
175. TENNESSEE VALLEY AUTH 2.88% 02/01/2027 0.09% 430000
176. PARSLEY ENERGY LLC 5.63% 10/15/2027 0.09% 430000
177. FEDERAL NATL MTG ASSN 7.13% 01/15/2030 0.08% 290000
178. SUNOCO LP/SUNOCO FIN CORP 6% 04/15/2027 0.08% 400000
179. FEDERAL HOME LN MTG CORP 1.13% 08/12/2021 0.08% 420000
180. FEDERAL NATL MTG ASSN 1.25% 08/17/2021 0.08% 415000
181. FEDERAL HOME LOAN BANKS 3% 09/10/2021 0.08% 400000
182. HERC HLDGS INC 5.5% 07/15/2027 0.08% 370000
183. TENNESSEE VALLEY AUTH 6.75% 11/01/2025 0.07% 300000
184. IHEARTCOMMUNICATIONS INC 6.38% 05/01/2026 0.08% 350000
185. FEDERAL HOME LOAN BANKS 1.88% 11/29/2021 0.07% 375000
186. FEDERAL HOME LOAN BANKS 2.63% 12/10/2021 0.07% 365000
187. CSC HLDGS INC 5.75% 01/15/2030 0.07% 350000
188. TEMPUR SEALY INTL INC 5.5% 06/15/2026 0.07% 350000
189. TALLGRASS ENERGY PARTNERS LP/ SR GLBL 144A 28 5.5% 01/15/2028 0.07% 380000
190. UNITED STATES TREAS NTS 2.25% 11/15/2025 0.07% 340000
191. OLIN CORP 5% 02/01/2030 0.07% 335000
192. FEDERAL NATL MTG ASSN 6.63% 11/15/2030 0.06% 230000
193. FEDERAL NATL MTG ASSN 7.25% 05/15/2030 0.06% 220000
194. FEDERAL HOME LOAN BANKS 3% 10/12/2021 0.06% 315000
195. FEDERAL HOME LN BKS 5.5% 07/15/2036 0.06% 220000
196. POST HLDGS INC 5.63% 01/15/2028 0.06% 290000
197. FEDERAL NATL MTG ASSN 1.38% 10/07/2021 0.06% 310000
198. UNITED STATES TREAS NTS 1.63% 05/15/2026 0.06% 310000
199. FEDERAL HOME LN MTG CORP 6.75% 03/15/2031 0.06% 200000
200. FEDERAL NATL MTG ASSN 5.63% 07/15/2037 0.06% 200000
201. H & E EQUIPMENT SERVICES INC SR GLBL NT 25 5.63% 09/01/2025 0.05% 260000
202. SIX FLAGS ENTMT CORP NEW 5.5% 04/15/2027 0.05% 260000
203. UNITED STATES TREAS NTS 2.75% 08/31/2025 0.05% 255000
204. FEDERAL NATL MTG ASSN 2.63% 01/11/2022 0.05% 260000
205. FEDERAL NATL MTG ASSN 2% 01/05/2022 0.05% 260000
206. FEDERAL HOME LN MTG CORP 2.38% 01/13/2022 0.05% 255000
207. TENNESSEE VALLEY AUTH 3.5% 12/15/2042 0.05% 225000
208. NUSTAR LOGISTICS L P 5.63% 04/28/2027 0.05% 250000
209. FEDERAL HOME LOAN BANKS 2.5% 03/11/2022 0.05% 245000
210. FEDERAL NATL MTG ASSN 2.5% 04/13/2021 0.05% 245000
211. FEDERAL HOME LOAN BANKS 2.25% 03/11/2022 0.05% 240000
212. HOWARD HUGHES CORP 5.38% 03/15/2025 0.04% 220000
213. TAYLOR MORRISON CMNTYS INC 5.88% 06/15/2027 0.04% 200000
214. FEDERAL HOME LN MTG CORP 6.75% 09/15/2029 0.04% 150000
215. HORIZON PHARMA USA INC 5.5% 08/01/2027 0.04% 200000
216. NUANCE COMMUNICATIONS INC 5.63% 12/15/2026 0.04% 195000
217. FEDERAL NATL MTG ASSN 6.25% 05/15/2029 0.04% 150000
218. TENNESSEE VALLEY AUTH 2.88% 09/15/2024 0.04% 180000
219. FEDERAL HOME LOAN BANKS 2.13% 06/10/2022 0.03% 175000
220. GRAY TELEVISION INC 5.88% 07/15/2026 0.03% 155000
221. NEXSTAR ESCROW INC 5.63% 07/15/2027 0.03% 150000
222. FEDERAL HOME LOAN BANKS 2% 09/09/2022 0.03% 150000
223. FEDERAL NATL MTG ASSN 1.88% 04/05/2022 0.03% 130000
224. FEDERAL NATL MTG ASSN 1.38% 09/06/2022 0.03% 130000
225. FEDERAL NATL MTG ASSN 2.25% 04/12/2022 0.02% 125000
226. NETFLIX INC 6.38% 05/15/2029 0.02% 100000
227. FEDERAL NATL MTG ASSN 2.38% 01/19/2023 0.02% 110000
228. FEDERAL NATL MTG ASSN 2% 10/05/2022 0.02% 110000
229. FEDERAL HOME LOAN BANKS 3.25% 06/09/2028 0.02% 100000
230. ALLISON TRANSMISSION INC 5.88% 06/01/2029 0.02% 100000
231. MASONITE INTL CORP NEW 5.38% 02/01/2028 0.02% 100000
232. STERICYCLE INC 5.38% 07/15/2024 0.02% 100000
233. VISTRA OPERATIONS CO LLC 5.5% 09/01/2026 0.02% 100000
234. NRG YIELD OPER LLC 5.38% 08/15/2024 0.02% 100000
235. L BRANDS INC 6.88% 11/01/2035 0.02% 110000
236. BERRY GLOBAL INC 4.5% 02/15/2026 0.02% 80000
237. FEDERAL NATL MTG ASSN 1.25% 05/06/2021 0.01% 75000
238. FEDERAL NATL MTG ASSN 2.75% 06/22/2021 0.01% 60000
239. FEDERAL HOME LN MTG CORP 2.75% 06/19/2023 0.01% 50000
240. FEDERAL HOME LOAN BANKS 2.13% 06/09/2023 0.01% 50000

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, PPTY.

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 Vident Advisory, 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, Vident Advisory, LLC, 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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