Third time Vident announced fee reductions in just the last six years
ATLANTA, (January 23, 2020) – Vident Advisory, LLC, a wholly-owned subsidiary of Vident Financial, LLC, today announced that it will be lowering fees for all four of the Exchange Traded Funds (ETFs) in its fund family.
As of February 1, 2020, the following funds will have their fees reduced:
|Fund||Current Fee||Reduced Fee|
|Vident International Equity Fund (VIDI)||0.61%||0.59%|
|Vident Core U.S. Equity Fund (VUSE)||0.50%||0.48%|
|Vident Core U.S. Bond Strategy ETF (VBND)||0.43%||0.41%|
|PPTY- U.S. Diversified Real Estate ETF (PPTY)||0.53%||0.49%|
“Our constant focus on reinvestment and reducing fees for our fund shareholders is at the core of our mission,” said Vince Birley, CEO of Vident Financial. “We could not be more pleased to be sharing today’s news, the third time we’ve announced significant fee reductions for our ETF suite in just the last six years.”
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