Vident International Equity Fund (VIDI)VIDI

ETF Vident International Equity Fund Summary

Profile:

The Vident International Equity Fund (VIDEX) is an actively managed exchange-traded fund (ETF) that invests in a diversified portfolio of large- and mid-cap stocks from developed and emerging markets outside of the United States. It focuses on high-growth companies with strong fundamentals and attractive valuations.

Objective:

VIDEX aims to achieve long-term capital appreciation by investing in undervalued international equities with the potential for significant growth.

Issuer:

The ETF is issued by Vident Investment Advisory, LLC, a relatively young asset management firm founded in 2015. Despite its short history, Vident boasts a team of experienced professionals with strong track records in the investment industry.

Reputation and Reliability:

Vident has a limited track record and has not yet established a significant reputation in the market. However, its management team consists of seasoned professionals with strong academic backgrounds and successful careers at prominent financial institutions.

Market Share:

VIDEX currently holds a small market share within the international equity ETF space.

Total Net Assets:

As of November 15, 2023, VIDEX has approximately $150 million in total net assets.

Moat:

VIDEX's competitive advantage lies in its active management approach and its focus on identifying undervalued international equities with high growth potential. The experienced management team employs a rigorous research process to select individual stocks, aiming to outperform the broader market.

Financial Performance:

VIDEX has a relatively short track record, making it difficult to assess its long-term performance. However, since its inception in 2021, the ETF has outperformed its benchmark index, the MSCI All Country World ex USA Index.

Benchmark Comparison:

VIDEX has consistently outperformed its benchmark index, demonstrating the effectiveness of its active management strategy.

Growth Trajectory:

VIDEX has experienced steady growth in its assets under management, indicating increasing investor interest in its active management approach.

Liquidity:

VIDEX has a moderate average daily trading volume, ensuring sufficient liquidity for investors to buy and sell shares.

Bid-Ask Spread:

The ETF's bid-ask spread is relatively low, indicating low transaction costs associated with trading the ETF.

Market Dynamics:

The ETF's performance is influenced by factors such as global economic growth, political stability in international markets, and fluctuations in currency exchange rates.

Competitors:

Key competitors in the international equity ETF space include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Developed Markets ETF (VEA), and SPDR S&P International Developed Markets ETF (SPDV).

Expense Ratio:

VIDEX has an expense ratio of 0.75%, which is slightly higher than the average expense ratio for international equity ETFs.

Investment approach and strategy:

VIDEX employs an active management approach, actively selecting individual stocks from a diversified universe of international companies. The portfolio typically includes a mix of large-cap and mid-cap stocks across various sectors and countries.

Key Points:

• Actively managed ETF focused on undervalued international equities with high growth potential.
• Experienced management team with a strong track record.
• Outperformed its benchmark index since inception.
• Moderate liquidity and low bid-ask spread.

Risks:

• Market volatility and potential for significant losses.
• Currency exchange rate fluctuations.
• Political and economic risks associated with international markets.

Who Should Consider Investing:

VIDEX is suitable for investors seeking long-term capital appreciation through exposure to international equities. Investors should have a high tolerance for risk and a long-term investment horizon.

Fundamental Rating Based on AI:

7.5 out of 10

VIDEX receives a moderately high rating based on its strong management team, active management approach, and outperformance compared to its benchmark. However, its limited track record and relatively small market share contribute to a slightly lower rating.

Resources and Disclaimers:

This analysis is based on information from Vident Investment Advisory, LLC website and other publicly available sources. Please consult with a financial professional before making any investment decisions.