Baa rating is a rating given by Moody's Investors Service. A Baa rating represents what is considered to be a relatively low-risk bond or investment.



Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. A stock's beta is determined by analyzing how much its return fluctuates in relation to the overall market return.



Cap-weighted index, or capitalization-weighted index, is an index construction methodology where individual components are weighted according to their relative total market capitalization.



Corporate bond is debt issued by a company in order for it to raise capital. Buying a corporate bond is effectively lending money to the company in return for a series of interest payments.



Correlation is a statistic that measures the degree to which two variables move in relation to each other.



Developed market is a country that is most developed in terms of its economy and capital markets.



Duration is the number of years from the purchase date required to recover the true cost of a bond, this value is a way to compare bonds with different issue and maturity dates, coupon rates and yields to maturity.



Effective Duration is a duration calculation for bonds that includes embedded options, such as expected cash flows fluctuating as interest rates change.



Emerging market is a country that is in the process of becoming a developed economy.



Equity yield premium is the difference between the valuation of treasury bonds and the valuation of the broad U.S. stock market.



GDP, or Gross Domestic Product, is the value of all goods and services produced over a specific time period within a country's borders.



GO, or Gross Output, is the measure of total economic activity in the production of new goods and services in an accounting period.



PMI, or Purchasing Managers' Index, is a measure of the prevailing direction of economic trends in manufacturing. It is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.



Price/earnings is the valuation ratio of a company’s current share price compared to its per-share earnings.



REITs: Real estate investment trusts are publicly traded entities that invest in office buildings, apartment complexes, industrial facilities, shopping centers and other commercial spaces. Most REITs trade on major stock exchanges or over the-counter.



Spread is the difference between two prices, rates, or yields.



10-year treasury note is a debt obligation issued by the United States government with a maturity of 10 years upon initial issuance. A 10-year Treasury note pays interest at a fixed rate once every six months and pays the face value to the holder at maturity.



30-Day Median Bid-Ask Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.



Yield-to-Maturity is the present value of a bond's future coupon payments.



Yield-to-Worst is the lowest potential yield that can be received on a bond without the issuer actually defaulting.



To obtain a prospectus, download online or call 800-617-0004.

Investing involves risks, including loss of principal.

The Funds' investment advisor is Vident Advisory, LLC. The Funds' sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the indexes that underlie the Funds. The Vident Funds are distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Financial, Vident Advisory or VIA.