VIDI

Vident International Equity Strategy ETF™

Asset Management

Investment Objectives

Vident’s proprietary investment philosophy is expressed through distinct fundamentals that we believe should be top of mind when it comes to investing. These fundamentals are woven through the construction of the Vident Core International Equity Index™ (VIEQX) and the Vident International Equity Strategy ETF™ that tracks it. The application of Vident’s investment methodology seeks to produce a portfolio with exposure to countries with faster economic growth potential, lower fundamental risk, and more favorable demographics relative to a traditional market capitalization-weighted international equity approach.

Fund Details

09/08/2025

Fund Details

VIDI

CUSIP

26922A404

Net Assets

$387,733,290.14

Total Fund Annual Operating Expenses

0.61%

Inception Date

10/29/2013

Shares Outstanding

12,200,000.00

Distribution Frequency

Quarterly

30-Day SEC Yield (as of 08/31/2025)

3.29%

12 Month Distribution Yield

4.05%

Market Price

$31.74

NAV

$31.78

Premium/Discount

-0.13%

30-Day Median Bid-Ask Spread

0.32%

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 Fact Sheet

Q2 2025

Fund Literature

Prospectus, SAI, Annual Report, Form N-PX

Factors

UNCERTAINTY & INSTABILITY
Balances diversification across developed and emerging economies, regions, and stocks, which we believe enhances the resiliency of the portfolio.

HUMAN PRODUCTIVITY
Utilizes metrics to emphasize countries with conditions we believe are suitable for investment and market resilience. Such conditions are defined as favorable demographics and a more productive working population.

GOVERNANCE
Overweights countries with strong governance factors. These factors assess the quality of country characteristics including lower government debt, lower government spending, and higher savings rates.

VALUATION
Stock selection within countries employs a bottom-up, multi-factor approach to enhance exposure to stocks with more reasonable valuations.

Total Returns

index	Month End Performance (As of 08/31/2025)	VIDI Nav Returns	VIDI Market Price Returns
0	Cumulative
1	1 Month	5.08%	5.61%
2	3 Month	11.25%	11.35%
3	Year To Date	28.52%	28.05%
4	Since Inception*	84.27%	83.86%
5	Average Annual
6	1 Year	27.06%	27.48%
7	3 Year	17.65%	17.60%
8	5 Year	12.82%	12.86%
9	10 Year	7.90%	8.04%
10	Since Inception*	5.30%	5.28%

index	Quarter End Performance (As of 06/30/2025)	VIDI Nav Returns	VIDI Market Price Returns
0	Cumulative
1	Quarter	14.93%	15.31%
2	Year To Date	20.52%	20.78%
3	Since Inception*	72.81%	73.42%
4	Average Annual
5	1 Year	22.62%	23.44%
6	3 Year	14.98%	14.97%
7	5 Year	12.69%	12.77%
8	10 Year	6.08%	6.12%
9	Since Inception*	4.80%	4.83%

*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.

ETF Holdings

As of DATE

index	Name	Ticker	CUSIP or Other Identifier	Weight	Shares
0	Mobvista Inc	1860 HK	BHR7002	1.00%	1,759,000
1	OceanaGold Corp	OGC CN	BQXQY26	0.67%	130,994
2	Zhen Ding Technology Holding Ltd	4958 TT	B734XQ4	0.66%	463,000
3	Seibu Holdings Inc	9024 JP	BKY6H35	0.64%	66,700
4	Aisin Corp	7259 JP	6010702	0.63%	136,200
5	Industrias Penoles SAB de CV	PE&OLES* MM	2448200	0.63%	62,000
6	Ramelius Resources Ltd	RMS AU	6586872	0.62%	1,084,076
7	Cash & Other	Cash&Other	Cash&Other	0.62%	2,394,766
8	Kioxia Holdings Corp	285A JP	BMGYJ02	0.61%	111,100
9	Magazine Luiza SA	MGLU3 BZ	B4975P9	0.61%	1,428,900
10	Toyo Tire Corp	5105 JP	6900182	0.59%	84,900
11	Aneka Tambang Tbk	ANTM IJ	6053859	0.58%	10,123,000
12	Perseus Mining Ltd	PRU AU	B02FBC1	0.58%	809,944
13	HD Korea Shipbuilding & Offshore Engineering Co Ltd	009540 KS	6446620	0.57%	7,194
14	Johnson Electric Holdings Ltd	179 HK	BP4JH17	0.57%	568,500
15	Latam Airlines Group SA	LTM CI	2518932	0.57%	89,396,194
16	Vibra Energia SA	VBBR3 BZ	BPBLV81	0.57%	488,763
17	Minth Group Ltd	425 HK	B0RJCG9	0.56%	534,000
18	Alps Alpine Co Ltd	6770 JP	6021500	0.56%	172,100
19	Aptiv PLC	APTV	G3265R107	0.56%	26,336
20	Genmab A/S	GMAB DC	4595739	0.56%	7,880
21	TIM SA/Brazil	TIMS3 BZ	BN71RB6	0.56%	518,858
22	Exxaro Resources Ltd	EXX SJ	6418801	0.55%	202,782
23	United Laboratories International Holdings Ltd/The	3933 HK	B1P70H9	0.54%	920,000
24	VSTECS Holdings Ltd	856 HK	6527031	0.54%	1,632,000
25	Fresenius SE & Co KGaA	FRE GR	4352097	0.54%	37,737
26	Telefonica Brasil SA	VIVT3 BZ	B6XFBX3	0.54%	336,464
27	SBI Holdings Inc	8473 JP	6309466	0.53%	46,100
28	Credicorp Ltd	BAP	G2519Y108	0.53%	7,830
29	Cemex SAB de CV	CEMEXCPO MM	2406457	0.53%	2,185,456
30	Novartis AG	NOVN SW	7103065	0.53%	15,795
31	Banco Santander SA	SAN SM	5705946	0.53%	209,368
32	Samsung E&A Co Ltd	028050 KS	6765239	0.52%	100,915
33	Sankyo Co Ltd	6417 JP	6775432	0.52%	99,400
34	AerCap Holdings NV	AER	N00985106	0.52%	16,451
35	Alkermes PLC	ALKS	G01767105	0.52%	70,367
36	Hafnia Ltd	HAFNI NO	BSY3S84	0.52%	326,927
37	Jazz Pharmaceuticals PLC	JAZZ	G50871105	0.52%	15,674
38	Qantas Airways Ltd	QAN AU	6710347	0.52%	256,704
39	United Tractors Tbk PT	UNTR IJ	6230845	0.52%	1,243,600
40	NongShim Co Ltd	004370 KS	6638115	0.51%	6,648
41	DB Insurance Co Ltd	005830 KS	6155937	0.51%	19,822
42	Hyundai Mobis Co Ltd	012330 KS	6449544	0.51%	8,463
43	Tripod Technology Corp	3044 TT	6305721	0.51%	200,000
44	Japan Airlines Co Ltd	9201 JP	B8BRV46	0.51%	93,200
45	AMMB Holdings Bhd	AMM MK	6047023	0.51%	1,520,500
46	Astra International Tbk PT	ASII IJ	B800MQ5	0.51%	5,895,100
47	Banco Comercial Portugues SA	BCP PL	BZCNN35	0.51%	2,318,397
48	El Al Israel Airlines	ELAL IT	6632140	0.51%	465,691
49	Hoegh Autoliners ASA	HAUTO NO	BMFDP24	0.51%	173,532
50	Jyske Bank A/S	JYSK DC	B0386J1	0.51%	18,238
51	Magna International Inc	MG CN	2554475	0.51%	43,239
52	NKT A/S	NKT DC	7106354	0.51%	20,121
53	Old Mutual Ltd	OMU SJ	BDVPYN5	0.51%	2,603,563
54	Orkla ASA	ORK NO	B1VQF42	0.51%	174,176
55	Singapore Telecommunications Ltd	ST SP	B02PY11	0.51%	581,200
56	Telkom Indonesia Persero Tbk PT	TLKM IJ	BD4T6W7	0.51%	10,512,300
57	UOL Group Ltd	UOL SP	6916844	0.51%	341,300
58	TCL Electronics Holdings Ltd	1070 HK	6193788	0.50%	1,460,000
59	BOC Hong Kong Holdings Ltd	2388 HK	6536112	0.50%	395,500
60	WH Group Ltd	288 HK	BLLHKZ1	0.50%	1,812,500
61	Yue Yuen Industrial Holdings Ltd	551 HK	6586537	0.50%	1,132,000
62	Sigurd Microelectronics Corp	6257 TT	6672964	0.50%	675,000
63	Brother Industries Ltd	6448 JP	6146500	0.50%	107,700
64	Holcim AG	HOLN SW	7110753	0.50%	22,865
65	Malayan Banking Bhd	MAY MK	6556325	0.50%	816,000
66	Norsk Hydro ASA	NHY NO	B11HK39	0.50%	296,178
67	ORANGE S.A.	ORA FP	5176177	0.50%	121,205
68	RBH BANK BHD	RHBBANK MK	6244675	0.50%	1,239,700
69	Storebrand ASA	STB NO	4852832	0.50%	126,311
70	Tryg A/S	TRYG DC	BXDZ972	0.50%	75,163
71	Tesco PLC	TSCO LN	BLGZ986	0.50%	323,912
72	Vodafone Group PLC	VOD LN	BH4HKS3	0.50%	1,636,949
73	ZURICH INSURANCE GROUP AG	ZURN SW	5983816	0.50%	2,667
74	Pacific Basin Shipping Ltd	2343 HK	B01RQM3	0.49%	6,279,605
75	L&K Engineering Co Ltd	6139 TT	6432607	0.49%	158,000
76	Chubb Ltd	CB	H1467J104	0.49%	6,917
77	DNB Bank ASA	DNB NO	BNG7113	0.49%	72,087
78	Genting Singapore Ltd	GENS SP	BDRTVP2	0.49%	3,175,000
79	IHH Healthcare Bhd	IHH MK	B83X6P8	0.49%	1,156,600
80	Power Corp of Canada	POW CN	2697701	0.49%	45,607
81	J Sainsbury PLC	SBRY LN	B019KW7	0.49%	453,325
82	Singapore Exchange Ltd	SGX SP	6303866	0.49%	150,000
83	Telekom Malaysia Bhd	T MK	6868398	0.49%	1,153,400
84	Tiger Brands Ltd	TBS SJ	B0J4PP2	0.49%	109,794
85	Vodacom Group Ltd	VOD SJ	B65B4D0	0.49%	241,029
86	LG Uplus Corp	032640 KS	6290902	0.48%	177,962
87	Arcadyan Technology Corp	3596 TT	B28SKW1	0.48%	246,000
88	KONINKLIJKE AHOLD DELHAIZE NV	AD NA	BD0Q398	0.48%	45,896
89	Bavarian Nordic A/S	BAVA DC	5564619	0.48%	49,541
90	DNO ASA	DNO NO	B15GGN4	0.48%	1,299,084
91	Gentera SAB de CV	GENTERA* MM	BHWQZW1	0.48%	757,100
92	Garrett Motion Inc	GTX	366505105	0.48%	140,572
93	iA Financial Corp Inc	IAG CN	BJ2ZH37	0.48%	16,813
94	ISS A/S	ISS DC	BKJ9RT5	0.48%	62,503
95	Deutsche Lufthansa AG	LHA GR	5287488	0.48%	207,446
96	Bank Leumi Le-Israel BM	LUMI IT	6076425	0.48%	97,713
97	AP Moller - Maersk A/S	MAERSKB DC	4253048	0.48%	873
98	Marfrig Global Foods SA	MRFG3 BZ	B1YWHR4	0.48%	448,469
99	NN Group NV	NN NA	BNG8PQ9	0.48%	27,120
100	Public Bank Bhd	PBK MK	B012W42	0.48%	1,831,800
101	ORLEN SA	PKN PW	5810066	0.48%	80,532
102	U.S. Bank Money Market Deposit Account 06/01/2031	USBFS03	8AMMF0A84	0.48%	1,868,311
103	Vestas Wind Systems A/S	VWS DC	BN4MYF5	0.48%	96,017
104	Kia Corp	000270 KS	6490928	0.47%	24,104
105	Samsung Electronics Co Ltd	005930 KS	6771720	0.47%	36,123
106	Bayer AG	BAYN GR	5069211	0.47%	54,607
107	Bank Negara Indonesia Persero Tbk PT	BBNI IJ	6727121	0.47%	7,141,400
108	Cencosud SA	CENCOSUD CI	B00R3L2	0.47%	620,497
109	Continental AG	CON GR	4598589	0.47%	20,832
110	DBS Group Holdings Ltd	DBS SP	6175203	0.47%	46,240
111	Lojas Renner SA	LREN3 BZ	B0CGYD6	0.47%	627,650
112	Nokia Oyj	NOKIA FH	5902941	0.47%	396,514
113	PTT Exploration & Production PCL	PTTEP-R TB	B1359L2	0.47%	513,600
114	Swissquote Group Holding SA	SQN SW	B1X3KP7	0.47%	2,774
115	TE Connectivity PLC	TEL	G87052109	0.47%	8,790
116	Volvo Car AB	VOLCARB SS	BRS7SK7	0.47%	885,738
117	Samsung SDS Co Ltd	018260 KS	BRS2KY0	0.46%	16,168
118	Geely Automobile Holdings Ltd	175 HK	6531827	0.46%	758,000
119	Taiwan Surface Mounting Technology Corp	6278 TT	6740140	0.46%	516,000
120	AKER BP ASA	AKRBP NO	B1L95G3	0.46%	73,360
121	Bouygues SA	EN FP	4002121	0.46%	41,391
122	KASIKORNBANK PLC THB10 (NVDR)	KBANK-R TB	6364766	0.46%	327,400
123	Norwegian Air Shuttle ASA	NAS NO	7742123	0.46%	1,113,159
124	RWE AG	RWE GR	4768962	0.46%	41,957
125	Swiss Re AG	SREN SW	B545MG5	0.46%	10,084
126	thyssenkrupp AG	TKA GR	5636927	0.46%	149,435
127	KT Corp	030200 KS	6505316	0.45%	45,987
128	KUNLUN ENERGY CO LTD	135 HK	6340078	0.45%	1,856,000
129	Kingboard Holdings Ltd	148 HK	6491318	0.45%	505,500
130	Cia de Saneamento de Minas Gerais Copasa MG	CSMG3 BZ	B0YBZJ2	0.45%	299,072
131	Bank Polska Kasa Opieki SA	PEO PW	5473113	0.45%	34,102
132	PGE Polska Grupa Energetyczna SA	PGE PW	B544PW9	0.45%	559,281
133	SSAB AB	SSABB SS	B17H3F6	0.45%	306,543
134	Yara International ASA	YAR NO	7751259	0.45%	48,539
135	United Microelectronics Corp	2303 TT	6916628	0.44%	1,247,000
136	WT Microelectronics Co Ltd	3036 TT	6290991	0.44%	400,000
137	Country Garden Services Holdings Co Ltd	6098 HK	BDQZP48	0.44%	2,034,000
138	BANCO BILBAO VIZCAYA	BBVA SM	5501906	0.44%	92,764
139	Empire Co Ltd	EMP/A CN	2314000	0.44%	45,558
140	Equinor ASA	EQNR NO	7133608	0.44%	70,485
141	Finning International Inc	FTT CN	2339177	0.44%	41,131
142	Iveco Group NV	IVG IM	BKPGF52	0.44%	80,428
143	KPJ Healthcare Bhd	KPJ MK	6493585	0.44%	3,017,600
144	QBE Insurance Group Ltd	QBE AU	6715740	0.44%	123,894
145	Stellantis NV	STLAM IM	BMD8KX7	0.44%	191,120
146	Hanwha Corp	000880 KS	6496755	0.43%	27,227
147	Evergreen Marine Corp Taiwan Ltd	2603 TT	6324500	0.43%	271,000
148	ORIENT OVERSEAS INTL	316 HK	6659116	0.43%	100,000
149	China Taiping Insurance Holdings Co Ltd	966 HK	6264048	0.43%	822,600
150	Carlsberg AS	CARLB DC	4169219	0.43%	13,831
151	D/S Norden A/S	DNORD DC	B1WP656	0.43%	43,216
152	Kinross Gold Corp	K CN	B03Z841	0.43%	73,282
153	Kingfisher PLC	KGF LN	3319521	0.43%	487,434
154	Korea Gas Corp	036460 KS	6182076	0.42%	57,019
155	China Resources Pharmaceutical Group Ltd	3320 HK	BYNGG26	0.42%	2,579,000
156	Alamtri Resources Indonesia Tbk PT	ADRO IJ	B3BQFC4	0.42%	15,618,300
157	Cia Energetica de Minas Gerais	CMIG4 BZ	B1YBRG0	0.42%	813,151
158	H Lundbeck A/S	HLUNB DC	BMGTJT6	0.42%	252,838
159	Oversea-Chinese Banking Corp Ltd	OCBC SP	B0F9V20	0.42%	124,400
160	Wan Hai Lines Ltd	2615 TT	6932334	0.41%	593,000
161	Cathay Pacific Airways Ltd	293 HK	6179755	0.41%	1,161,000
162	Ambev SA	ABEV3 BZ	BG7ZWY7	0.41%	714,100
163	Air Canada	AC CN	BSDHYK1	0.41%	114,534
164	Adecco Group AG	ADEN SW	7110720	0.41%	55,511
165	ComfortDelGro Corp Ltd	CD SP	6603737	0.41%	1,372,000
166	Embracer Group AB	EMBRACB SS	BTHW926	0.41%	169,580
167	ROCKWOOL A/S	ROCKB DC	BRJCHK4	0.41%	41,399
168	Singapore Airlines Ltd	SIA SP	6811734	0.41%	311,300
169	TMBThanachart Bank PCL	TTB-R TB	6365145	0.41%	26,777,600
170	SK Telecom Co Ltd	017670 KS	6224871	0.40%	39,587
171	Hankook Tire & Technology Co Ltd	161390 KS	B7T5KQ0	0.40%	55,165
172	Simplo Technology Co Ltd	6121 TT	6421928	0.40%	120,822
173	BlueScope Steel Ltd	BSL AU	6533232	0.40%	103,296
174	MISC Bhd	MISC MK	6557997	0.39%	865,700
175	Foxconn Technology Co Ltd	2354 TT	6801779	0.38%	658,000
176	Coca-Cola HBC AG	CCH LN	B9895B7	0.38%	28,853
177	Sembcorp Industries Ltd	SCI SP	B08X163	0.38%	308,000
178	Yancoal Australia Ltd	YAL AU	B84LB45	0.38%	421,807
179	Yangzijiang Financial Holding Ltd	YZJFH SP	BNZKT97	0.37%	1,679,900
180	Primax Electronics Ltd	4915 TT	B5M70F8	0.35%	514,000
181	Powertech Technology Inc	6239 TT	6599676	0.35%	326,000
182	OMV AG	OMV AV	4651459	0.35%	25,194
183	Regis Resources Ltd	RRL AU	6476542	0.35%	399,477
184	HD Hyundai Co Ltd	267250 KS	BD4HFT1	0.34%	12,760
185	Compal Electronics Inc	2324 TT	6225744	0.33%	1,385,000
186	DCC PLC	DCC LN	0242493	0.33%	20,027
187	Fresenius Medical Care AG	FME GR	5129074	0.32%	24,744
188	Signify NV	LIGHT NA	BYY7VY5	0.32%	46,302
189	Avolta AG	AVOL SW	B0R80X9	0.29%	19,950
190	Israel Discount Bank Ltd	DSCT IT	6451271	0.29%	113,556
191	easyJet PLC	EZJ LN	B7KR2P8	0.29%	179,399
192	Helvetia Holding AG	HELN SW	BK6QWF0	0.29%	4,486
193	ZIM Integrated Shipping Services Ltd	ZIM	M9T951109	0.29%	83,071
194	Talanx AG	TLX GR	B8F0TD6	0.28%	8,163
195	United Overseas Bank Ltd	UOB SP	6916781	0.28%	38,419
196	Wilmar International Ltd	WIL SP	B17KC69	0.28%	472,400
197	AGL Energy Ltd	AGL AU	BSS7GP5	0.27%	191,142
198	Tamarack Valley Energy Ltd	TVE CN	B8J3TH5	0.27%	274,341
199	KRUNG THAI BNK LTD THB5.15(NVDR)	KTB-R TB	6361466	0.26%	1,249,800
200	voestalpine AG	VOE AV	4943402	0.26%	29,149
201	Gjensidige Forsikring ASA	GJF NO	B4PH0C5	0.25%	35,211
202	Perrigo Co PLC	PRGO	G97822103	0.25%	43,075
203	SATS Ltd	SATS SP	6243586	0.25%	385,000
204	JTEKT Corp	6473 JP	6497082	0.24%	91,500
205	Venture Corp Ltd	VMS SP	6927374	0.24%	88,600
206	Fortum Oyj	FORTUM FH	5579550	0.23%	50,445
207	Centrica PLC	CNA LN	B033F22	0.22%	414,256
208	Leroy Seafood Group ASA	LSG NO	4691916	0.22%	174,785
209	K+S AG	SDF GR	B54C017	0.22%	65,733
210	Super Retail Group Ltd	SUL AU	B01C7R0	0.21%	68,256
211	Banco Bradesco SA	BBDC4 BZ	B00FM53	0.20%	248,400
212	Samsung Fire & Marine Insurance Co Ltd	000810 KS	6155250	0.19%	2,237
213	Embotelladora Andina SA	2311454	2311454	0.19%	189,477
214	Aurubis AG	NDA GR	5485527	0.18%	5,844
215	Freenet AG	FNTN GR	B1SK0S6	0.17%	19,616
216	HelloFresh SE	HFG GR	BYWH8S0	0.17%	70,082
217	Jardine Cycle & Carriage Ltd	JCNC SP	6242260	0.16%	28,500
218	Danske Bank A/S	DANSKE DC	4588825	0.15%	14,312
219	Parex Resources Inc	PXT CN	B575D14	0.15%	48,258
220	Outokumpu Oyj	OUT1V FH	4665148	0.14%	125,264
221	ICL Group Ltd	ICL	M53213100	0.13%	85,434
222	Inmode Ltd	INMD	M5425M103	0.12%	30,775
223	Proximus SADP	PROX BB	B00D9P6	0.12%	52,681
224	Sinch AB	SINCH SS	BKP8Q11	0.12%	141,496
225	Ageas SA/NV	AGS BB	B86S2N0	0.11%	6,459
226	Plus500 Ltd	PLUS LN	BBT3PS9	0.11%	10,249
227	SWATCH GROUP CHF2.25(BR)	UHR SW	7184725	0.10%	2,006
228	Harmony Gold Mining Co Ltd	HAR SJ	6410562	0.09%	24,226
229	STMicroelectronics NV	STMM S4	5962343	0.09%	12,450
230	Alior Bank SA	ALR PW	B8W8F13	0.08%	10,513
231	Bank Rakyat Indonesia Persero Tbk PT	BBRI IJ	6709099	0.08%	1,354,900
232	CaixaBank SA	CABK SM	B283W97	0.08%	28,739
233	Mapfre SA	MAP SM	B1G40S0	0.07%	63,625
234	Repsol SA	REP SM	5669354	0.06%	14,017
235	Sandoz Group AG	SDZ SW	BLPLD38	0.06%	3,784
236	YTL Corp Bhd	YTL MK	6436126	0.05%	334,220
237	Allianz SE	ALV GR	5231485	0.04%	404
238	Societe Generale SA	GLE FP	5966516	0.04%	2,520
239	Schaeffler AG	SHA0 GR	BV5F6V9	0.04%	26,180
240	Suedzucker AG	SZU GR	5784462	0.04%	14,698
241	Telecom Italia SpA/Milano	TIT IM	7634394	0.04%	296,264
242	SWISS FRANC	CHF	CASHCHF	0.03%	97,770
243	SAMSUNG C&T CORP	028260 KS	BSXN8K7	0.02%	671
244	Sino Biopharmaceutical Ltd	1177 HK	B00XSF9	0.02%	71,155
245	Swisscom AG	SCMN SW	5533976	0.02%	91
246	JET2 PLC	JET2 LN	B1722W1	0.01%	2,322
247	NORWEGIAN KRONE	NOK	CASHNOK	0.01%	365,367
248	Telecom Italia SpA/Milano	2587224D IM	BVN1QW0	0.00%	296,264
249	CHILEAN PESO	CLP	CASHCLP	0.00%	1
250	Severstal PAO	SVST LI	B1G4YH7	0.00%	24,074

ETF holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security.

index		Calendar Year 2024	First Quarter 2025	Second Quarter 2025	Third Quarter 2025
0	Days traded at premium	81	27	16	12
1	Days traded at NAV	1	0	0	1
2	Days traded at discount	170	34	46	35

Country Allocation

As of DATE

index	Country	Weight
0	Korea, Republic Of	7.61%
1	Taiwan	7.41%
2	Hong Kong	6.45%
3	Singapore	6.38%
4	Denmark	5.84%
5	Norway	5.45%
6	Switzerland	5.27%
7	Japan	4.77%
8	Germany	4.50%
9	Brazil	4.44%
10	Canada	4.15%
11	Malaysia	3.94%
12	Australia	3.66%
13	Ireland	3.15%
14	Indonesia	3.03%
15	United Kingdom	2.55%
16	South Africa	2.10%
17	Israel	2.07%
18	Netherlands	1.78%
19	Thailand	1.65%
20	Poland	1.59%
21	Sweden	1.57%
22	Mexico	1.45%
23	Chile	1.24%
24	Spain	1.13%
25	France	1.02%
26	China	0.96%
27	Finland	0.83%
28	United States	0.64%
29	Austria	0.58%
30	Cayman Islands	0.55%
31	Portugal	0.53%
32	Peru	0.51%
33	Italy	0.50%
34	Bermuda	0.46%
35	Belgium	0.24%
36	Russian Federation	0%

Sector Breakdown

As of DATE

index	Name	Weight
0	Financials	19.88%
1	Industrials	17.86%
2	Consumer Discretionary	11.65%
3	Information Technology	10.44%
4	Materials	7.41%
5	Consumer Staples	7.31%
6	Communication Services	6.89%
7	Health Care	6.64%
8	Energy	6.20%
9	Utilities	4.12%
10	Real Estate	0.96%
11	Money Market Deposit Account	0.64%

Currency

As of DATE

index	Currency	Abbr.	Weight
0	European euro	EUR	11.19%
1	Hong Kong dollar	HKD	8.91%
2	South Korean won	KRW	7.61%
3	New Taiwan dollar	TWD	6.93%
4	Norwegian krone	NOK	5.94%
5	Singapore dollar	SGD	5.88%
6	Danish krone	DKK	5.84%
7	United States dollar	USD	5.58%
8	Japanese yen	JPY	4.77%
9	Brazilian real	BRL	4.44%
10	Canadian dollar	CAD	4.15%
11	Malaysian ringgit	MYR	3.94%
12	Swiss franc	CHF	3.76%
13	Australian dollar	AUD	3.66%
14	Pound sterling	GBP	3.44%
15	Indonesian rupiah	IDR	3.03%
16	South African rand	ZAR	2.10%
17	Thai baht	THB	1.66%
18	Polish zloty	PLN	1.59%
19	Swedish krona	SEK	1.57%
20	Mexican peso	MXN	1.45%
21	Israeli new shekel	ILS	1.32%
22	Chilean peso	CLP	1.24%

index	Ex-Dividend Date	Income
0	06/17/2025	0.456116300
1	03/18/2025	0.005460650
2	12/17/2024	0.773373150
3	09/17/2024	0.052680070
4	06/11/2024	0.400041780
5	12/15/2023	0.484469620
6	09/12/2023	0.016545610
7	06/13/2023	0.468253050
8	03/14/2023	0.05018198
9	12/16/2022	0.54611046
10	09/13/2022	0.0401398
11	06/14/2022	0.59136613
12	03/15/2022	0.0861547
13	12/17/2021	0.6960708
14	09/14/2021	0.08867022
15	06/15/2021	0.38456025
16	03/16/2021	0.05690819
17	12/18/2020	0.41009222
18	09/15/2020	0.00636333
19	06/16/2020	0.176146
20	03/17/2020	0.02862167
21	12/19/2019	0.41653604
22	09/17/2019	0.01474441
23	06/18/2019	0.33719141
24	03/19/2019	0.07513791
25	12/19/2018	0.25124241
26	09/18/2018	0.03695871
27	06/19/2018	0.28887763
28	03/20/2018	0.05248988
29	12/21/2017	0.28315053
30	09/19/2017	0.03151351
31	06/13/2017	0.24217129
32	03/14/2017	0.06327309
33	12/23/2016	0.21116371
34	09/13/2016	0.02585805
35	06/14/2016	0.13670606
36	03/15/2016	0.03921342
37	12/29/2015	0.17190728
38	09/22/2015	0.03716867
39	06/16/2015	0.21561925
40	03/17/2015	0.02757716
41	09/16/2014	0.18999052
42	06/17/2014	0.27086202
43	03/18/2014	0.09765057
44	12/17/2013	0.02078743

Case Study

Pioneering the Crypto Frontier: The Successful Launch of Valkyrie’s Bitcoin Futures ETF

Case Study

Pioneering the Crypto Frontier: The Successful Launch of Valkyrie’s Bitcoin Futures ETF

VIDI

Asset Management

Investment Objectives

Fund Details

Fund Details

VIDI

CUSIP

26922A404

Net Assets

$387,733,290.14

Total Fund Annual Operating Expenses

0.61%

Inception Date

10/29/2013

Shares Outstanding

12,200,000.00

Distribution Frequency

Quarterly

30-Day SEC Yield (as of 08/31/2025)

3.29%

12 Month Distribution Yield

4.05%

Market Price

$31.74

NAV

$31.78

Premium/Discount

-0.13%

30-Day Median Bid-Ask Spread

0.32%

UNCERTAINTY & INSTABILITY

HUMAN PRODUCTIVITY

LEADERSHIP & GOVERNANCE

VALUATION

Fund Fact Sheet

Fund Literature

Factors

Total Returns

ETF Holdings

Country Allocation

Sector Breakdown

Currency

Distribution History