Vident Financial Celebrates 5th Anniversary by Lowering Fees
ATLANTA, Jan. 31, 2018 /PRNewswire/ -- Vident Financial, LLC announced in anticipation of the firm's 5th year anniversary, fees would be lowered across all Vident ETFs. The international equity (VIDI), domestic equity (VUSE) and fixed income (VBND) ETFs reduced management fees by 7, 5 and 4 basis points respectively*. The fee reduction went into effect January 1, 2018. Vident's distinct, investor-centric ownership structure uses excess profits to reinvest into the firm or in this case, to reduce costs to investors.
"Vident was structured to answer to one shareholder, the Vident fund's shareholders. We have upheld this from the beginning. I hope that this is the first of many years ahead where we get to return profits to our shareholders in the form of lower fees." said Co-founder and CEO Vince Birley.
The latest fee reduction was March 1, 2015, when the Vident International Equity Fund (VIDI) lowered its management fee by 7 basis points. Over the course of five years, the company achieved financial success and is committed to reinvesting and lowering fees for the investors. Vident continues to focus on utilizing timeless principles to increase the probability of clients attaining their long-term growth goals.
Vident Financial
Vident Financial develops investment market solutions (indices and funds) based on a distinct philosophy. Their investment strategies are founded upon sound principles that help identify environments where capital is going to thrive long-term, measuring different factors (human productivity, quality leadership, etc.) embedded within multiple process layers. Visit www.videntfinancial.com for more information.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important about the investment company, and it may be obtained by calling (800) 617-0004. Read it carefully before investing.
*Gross expense ratios: VIDI, 0.68%, VUSE, 0.55%, VBND 0.47%
Net expense ratios: VIDI, 0.61%, VUSE, 0.50%, VBND, 0.43%
The adviser has contractually agreed to waive fees through 12/31/18.
Basis point is a unit equal to 1/100th of 1% and is used to denote the change in a financial instrument.
Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The Vident ETFs are sub advised by Vident Investment Advisory, LLC and are distributed by Quasar Distributors, LLC. Quasar is not affiliated with Vident Investment Advisory.
Contact: Avery Beaty, 404-267-1501, [email protected]
SOURCE Vident Financial, LLC
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