VBND

Vident Core U.S. Bond Strategy ETF

As of 7/31/2020

Fund Details


Ticker VBND
Primary Exchange NYSE
CUSIP 26922A602
Net Assets $402,306,263.62
Total Fund Annual Operating Expenses After Fee Waiver* 0.41%
Inception Date 10/15/2014
Shares Outstanding 7,700,000.00
30-Day SEC Yield
(as of 7/31/2020)
1.26%
Market Price $52.15
NAV $52.25
Premium/Discount -0.19%
30-Day Median Bid-Ask Spread 0.21%
Distribution Frequency Quarterly


*Effective February 1, 2020, Vident Advisory, LLC, the investment adviser to the Fund, has contractually agreed to waive two basis points (0.02%) of its unified management fee for the Fund until at least January 31, 2021. The fee waiver agreement may only be terminated by, or with the consent of, the Fund's Board of Trustees.



Investment Objectives: The Vident Core U.S. Bond Strategy ETF seeks to track the performance, before fees and expenses, of the Vident Core U.S. Bond IndexTM (VUBDX).


UNCERTAINTY & INSTABILITY

Diversified sector allocation broadens interest rate and credit risks and is systematically adjusted to help protect during flight to quality. Unlike traditional bond funds, issuers are not debt weighted but selected and weighted based on creditworthiness.

HUMAN PRODUCTIVITY

Companies with highest financial distress are removed while companies with higher creditworthiness are selected.


LEADERSHIP & GOVERNANCE

Companies with better leadership and governance and higher creditworthiness are included while the worst companies are eliminated.

VALUATION

Sectors with attractive valuations are over weighted. Additionally, issues/companies with attractive valuations are also over weighted.





Fund Story
3.31.2020



Fund Literature
Prospectus, SAI, Annual Report...


Premium Discount Chart

Total Returns

Month End Performance
(as of 7/31/2020)
VBND NAV Returns VBND Market Price Returns
Cumulative
1 Month 2.22% 2.70%
3 Month 4.66% 5.81%
Year-to-date 4.93% 4.84%
Since Inception* 19.79% 19.56%
Average Annual
1 Year 7.25% 7.33%
3 Year 4.40% 4.26%
5 Year 3.66% 3.62%
Since Inception* 3.17% 3.13%

Quarter End Performance
(as of 6/30/2020)
VBND NAV Returns VBND Market Price Returns
Cumulative
Quarter 5.90% 5.91%
Year To Date 2.65% 2.09%
Since Inception* 17.19% 16.42%
Average Annual
1 Year 5.36% 4.83%
3 Year 3.86% 3.61%
5 Year 3.30% 3.15%
10 Year
Since Inception* 2.82% 2.70%

*Fund Inception Date: 10/15/2014

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.



As of 7/31/2020

Fund Sector Breakdown

Sector Weight
US Treasuries 51.96%
Investment Grade Corporate 24.59%
TIPS 10.03%
Mortgage Backed Securities 9.98%
Agencies 3.04%
Cash 0.40%
High Yield 0.00%




As of 8/3/2020

Top Holdings

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

Name Weight
UNITED STATES TREAS NTS 1.625% 08/15/2022 4.18%
UNITED STATES TREAS NTS 1.625% 08/31/2022 3.36%
UNITED STATES TREAS BDS 6% 02/15/2026 3.31%
UNITED STATES TREAS NTS 1.5% 08/15/2022 3.19%
UNITED STATES TREAS BDS 5.5% 08/15/2028 3.07%
UNITED STATES TREAS NTS 1.875% 08/31/2022 2.72%
FNMA TBA 30YR TBA 4.50% AUG 4.5% 08/15/2040 2.24%
FNMA TBA 30 YR 3.5 3.5% 08/15/2040 2.23%
UNITED STATES TREAS NTS 1.75% 09/30/2022 2.17%
UNITED STATES TREAS BDS 4.375% 05/15/2041 1.93%

Fund holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security. Please see our online holdings information here.


Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. To obtain a prospectus download one here or call 800-617-0004. Please read it carefully before investing.

Investing involves risk, including the risk of loss of principal. VBND has 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. 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 Fund invests in the securities included in, or representative of its Index regardless of their investment merits. The performance of the Fund may diverge from the Index. Because the Fund employs a representative sampling strategy and may also invest up to 20% of its assets in securities that are not included in the Index, the Fund may experience a tracking error to a greater extent than a fund that seeks to replicate an index. The Fund is not actively managed and its performance may be adversely affected by a general decline in the market segments relating to its Index.

The fund’s investment advisor is Vident Advisory, LLC. VBND's sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the index that underlies the fund. The Vident Core U.S. Bond Strategy ETF is distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Financial, Vident Advisory or VIA.

Investor shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Ordinary brokerage commissions may apply.

Diversification does not ensure a profit or protect against a loss.