The fund's investment objectives, risks, charges and expenses must be considered carefully before investing.
The prospectus and summary prospectus (PPTY) 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. The Fund's investments will be concentrated in an industry
or group of industries to the extent the Index is so concentrated, and the Index is expected to be concentrated
in real estate-related industries. The composition of the Index is heavily dependent on a proprietary
quantitative model as well as information and data supplied by third parties ("Models and Data"). The
Fund is a recently organized, non-diversified management investment company with no operating history.
As a result, prospective investors have no track record or history on which to base their investment
decision. the Fund will be considered to be non-diversified, which means that it may invest more of its
assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified
fund. The Fund is expected to invest substantially all of its assets in real estate-related companies.
Investments in real estate companies involve unique risks. Real estate companies, including REITs, may
have limited financial resources, may trade less frequently and in limited volume, and may be more volatile
than other securities. The risks of investing in real estate companies include certain risks associated
with the direct ownership of real estate and the real estate industry in general. Securities in the real
estate sector are subject to the risk that the value of their underlying real estate may go down. As
with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is
expected that the market price of Shares will approximate the Fund's NAV, there may be times when the
market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount)
due to supply and demand of Shares or during periods of market volatility. The equity securities of smaller
companies have historically been subject to greater investment risk than securities of larger companies.
The Vident Funds are distributed by Quasar Distributors, LLC. The fund's investment advisor is Vident Advisory, LLC.
PPTY 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.
Diversification does not guarantee a profit or protect from loss in a declining market.