VIDI

Vident International Equity Fund

As of 9/29/2020

Fund Details


Ticker VIDI
Primary Exchange NYSE
CUSIP 26922A404
Net Assets $418,705,204.93
Total Fund Annual Operating Expenses After Fee Waiver* 0.59%
Inception Date 10/29/2013
Shares Outstanding 20,100,000.00
30-Day SEC Yield
(as of 8/31/2020)
3.06%
Market Price $20.80
NAV $20.83
Premium/Discount -0.15%
30-Day Median Bid-Ask Spread 0.29%
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 International Equity Fund seeks to track the performance, before fees and expenses, of the Vident Core International Equity IndexTM (VIEQX). The Vident Core International Equity IndexTM is a strategy seeking to balance risk across developed and emerging countries and emphasize those with favorable conditions for growth.


Principles: Vident’s principles are woven throughout the construction of the indices and therefore the funds that track them. We believe 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

The fund 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.





Fund Story
7.31.2020



Fund Literature
Prospectus, SAI, Annual Report


Premium Discount Chart

Total Returns

Month End Performance
(as of 8/31/2020)
VIDI NAV Returns VIDI Market Price Returns
Cumulative
1 Month 2.80% 3.40%
3 Month 11.35% 10.77%
Year-to-date -13.73% -13.88%
Since Inception* 0.83% 0.41%
Average Annual
1 Year -1.98% -2.21%
3 Year -4.88% -5.05%
5 Year 3.20% 3.42%
Since Inception* 0.12% 0.06%

Quarter End Performance
(as of 6/30/2020)
VIDI NAV Returns VIDI Market Price Returns
Cumulative
Quarter 19.78% 20.21%
Year To Date -18.65% -18.45%
Since Inception* -4.92% -4.92%
Average Annual
1 Year -13.48% -13.58%
3 Year -4.67% -4.80%
5 Year -0.14% -0.14%
10 Year
Since Inception* -0.75% -0.75%

*Fund Inception Date: 10/29/2013

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.



As of 8/31/2020

Country Allocation

Country Weight
Republic of Korea 7.76%
Japan 7.35%
Singapore 6.79%
Hong Kong 6.55%
Germany 5.30%
Australia 5.22%
Taiwan 5.07%
Norway 4.95%
Switzerland 4.88%
Sweden 4.86%
Canada 4.86%
United Kingdom 4.70%
Thailand 4.14%
China 4.11%
Brazil 3.12%
South Africa 2.62%
Netherlands 2.25%
Indonesia 2.15%
Russian Federation 1.92%
Chile 1.58%
Mexico 1.57%
Malaysia 1.42%
Israel 1.25%
France 1.21%
Ireland 0.98%
Denmark 0.58%
Poland 0.53%
Italy 0.50%
Finland 0.47%
Belgium 0.40%
Colombia 0.36%
Spain 0.34%
United States 0.18%
India 0.03%
Turkey 0.00%
Show All



As of 8/31/2020

Sector Breakdown

Name Weight
Financials 15.78%
Consumer Discretionary 13.29%
Industrials 13.17%
Information Technology 10.72%
Consumer Staples 9.82%
Materials 8.58%
Health Care 8.26%
Communication Services 7.42%
Energy 6.00%
Utilities 4.10%
Real Estate 2.23%
Telecommunication Services 0.45%
Money Market Deposit Account 0.18%


As of 8/31/2020

Currency

Currency Abbr. Weight
European euro EUR 11.06%
Hong Kong dollar HKD 10.65%
South Korean won KRW 7.76%
Japanese yen JPY 7.35%
Singapore dollar SGD 6.11%
United States dollar USD 5.81%
Australian dollar AUD 5.70%
New Taiwan dollar TWD 5.07%
Norwegian krone NOK 4.95%
Swedish krona SEK 4.86%
Canadian dollar CAD 4.21%
Thai baht THB 4.14%
Swiss franc CHF 3.80%
Pound sterling GBP 3.53%
Brazilian real BRL 3.12%
South African rand ZAR 2.62%
Indonesian rupiah IDR 2.15%
Chilean peso CLP 1.59%
Mexican peso MXN 1.57%
Malaysian ringgit MYR 1.42%
Israeli new shekel ILS 1.06%
Danish krone DKK 0.58%
Polish zloty PLN 0.53%
Colombian peso COP 0.36%
Turkish lira TRY 0.00%
Show All



As of 9/29/2020

Top Holdings

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

Name Weight
Cash & Other 1.10%
CANADIAN SOLAR INC 0.70%
FLIGHT CENTRE TRAV 0.66%
MIXI. INC 0.66%
UTD MICRO ELECT 0.65%
HANKOOK TIRE & TEC 0.65%
KIA MOTORS CORP 0.65%
LG ELECTRONICS INC 0.65%
KUMHO PETRO CHEM 0.65%
NINE DRAGONS PAPER 0.64%

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. VIDI 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. Investments in non-U.S. securities involve certain risks that may not be present with investments in U.S. securities. For example, non-U.S. investments may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability and may have additional trading, settlement, custodial and operational risks. These factors and others can make investments in the fund more volatile and potentially less liquid than other types of investments. The Fund may invest in companies organized in emerging market nations which can involve additional risks relating to political, economic or regulatory conditions. The Fund may invest a significant portion of its assets in the securities of companies of a single country or region and therefore it is more likely to be impacted by events or conditions affecting that country or region. The Fund invests in the securities included in, or representative of its Index regardless of their investment merits. 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. 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. Small and medium-capitalization companies tend to have more limited liquidity and greater price volatility than large-capitalization companies.

The fund’s investment advisor is Vident Advisory, LLC. VIDI's sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the index that underlies the fund. The Vident International Equity Fund 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.