Fund Description: Vident Core U.S. Equity Fund is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETF Series Solutions, an open-end investment management company. INVESTMENT OBJECTIVE: The Vident Core U.S. Equity Fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Vident Core U.S. Equity Index. INDEX DESCRIPTION: The Vident Core U.S. Equity Index is a rules-based Strategy Index that measures the performance of U.S. companies based on a principled reasoning investment framework, which seeks to identify companies with a demonstrated commitment to high standards of corporate governance, financial reporting and managerial stewardship. The Strategy Index selects a subset of these companies through a proprietary scoring system that takes into account each company’s adherence to high governance standards (principles), valuation relative to sector peers, earnings quality, growth and market sentiment. Companies are organized by sector and then weighted according to each company’s vulnerability during periods of market turbulence and its respective contribution to the overall sector’s risk. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund attempts to invest all, or substantially all, of its assets in the common stocks that make up the Index. The Fund will generally use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, but may, when the sub-adviser believes it is in the best interests of the Fund, use a replication strategy to achieve its investment objective, meaning it may invest in all of the component securities of the Index. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. FUND MANAGEMENT: Exchange Traded Concepts, LLC serves as investment adviser to the Fund. Index Management Solutions, LLC serves as the sub-adviser to the Fund.