Intelligent Investments, Independent Ideas

TickerFundInceptionNAVFact CardProspectus
SPDVAAM S&P 500 High Dividend Value ETF11/28/2017$25.21
Developed Markets
TickerFundInceptionNAVFact CardProspectus
DMDVAAM S&P Developed Markets High Dividend Value ETF11/27/2018$25.14
Emerging Markets
TickerFundInceptionNAVFact CardProspectus
EEMDAAM S&P Emerging Markets High Dividend Value ETF11/28/2017$22.90
S&P Dow Jones Indices, Index Sponsor

S&P Dow Jones Indices (SP DJI) is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on S&P Dow Jones’ indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit

NYSE Group, Inc., Listing Exchange

NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. The equity exchanges - the New York Stock Exchange, NYSE American and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the premier global venue for capital raising, leading worldwide in initial public offerings (IPOs), including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. For more information, visit

U.S. Bancorp Fund Services, LLC, Fund Accounting, Fund Administrator, Distribution and Transfer Agent

U.S. Bancorp Fund Services, LLC has been providing seamless administration services to a diverse client base since 1969. A dedicated ETF team supports active and passive ETFs, including fixed income and equity, inverse, leveraged, derivative-based, and commodity funds. As our partner, U.S. Bancorp provides day-to-day fund accounting and fund administration, while also processing primary market transactions with various Authorized Participants. Additionally, distribution support is provided through Quasar Distributors, a wholly owned subsidiary of U.S. Bancorp Fund Services. Quasar is a 50-state-registered broker-dealer. For more information about U.S. Bancorp’s exchange-traded fund services, visit

U.S. Bank, Custody Services

U.S. Bank’s experienced custody team helps protect fund assets by ensuring that accuracy and privacy are among the top priorities. Their network of custody professionals work to meet the specific requirements of each exchange-traded product (ETP). With dedicated custody administrators and trade services representatives, U.S. Bank is always standing by to provide guidance and support. A custody system integrated with the Transfer Agent for deposit/withdrawal at custodian (DWAC) allows for swaps of ETPs and Continuous Net Settlement. This technology offers the ability to accept partial delivery of shares and helps AAM focus on its growth. U.S. Bank handles the processing of corporate actions, cash management support, trade servicing, and all specialized needs AAM may require. Their securities lending services include secure online access for detailed information, including earnings, securities on loan, borrowers, and lendable assets.

Vident Investment Advisory, LLC, Sub-Advisor

Vident Investment Advisory, LLC specializes in ETF sub-advisory management, providing portfolio management services for passively and actively managed ETFs. Vident offers a full suite of services tailored to meet the risk and return objectives of ETF sponsors and asset managers with domestic and global portfolios covering both traditional and alternative investment strategies. Vident’s team’s collective industry expertise covers a broad spectrum of asset classes ranging from equities and bonds to commodities, currencies and derivatives. Vident’s commitment to invest in operations and systems enables them to bring innovation and expertise to the day-to-day management of funds and has made ETF sub-advisory services and portfolio management their specialty and primary focus.

Solactive, IOPV Calculation Agent

Solactive AG is an innovative index provider that focuses on the development, calculation and distribution of tailor-made indices across all asset classes. As of January 2017, Solactive AG served approximately 350 clients in Europe, America and Asia, with approximately US$100 billion invested in products linked to indices calculated by the Company globally, primarily via 250 exchange-traded funds from a number of well-known providers. Solactive AG was established in 2007 and is headquartered in Frankfurt. For more information, visit

The S&P Dividend and Free Cash Flow Yield Indexes are a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Advisors Asset Management, Inc. (AAM). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AAM. The S&P Dividend and Free Cash Flow Yield Indexes are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Dividend and Free Cash Flow Yield Indexes. It is not possible to invest in an index. 

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 information about the investment company, or a free, hard-copy may be obtained by calling 800.617.0004. Read it carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may be only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Companies with high yield or payout ratio may underperform other securities in certain market conditions and reduce or discontinue paying dividends entirely while included in the index. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for emerging markets investments. Investments in mid-cap companies may involve less liquidity and greater volatility than larger companies. The Fund’s return may not match or achieve a high degree of correlation with the return of the underlying Index. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index.

Diversification does not assure a profit or protect against a loss in a declining market. Holdings and allocations are subject to change at any time. Past performance does not guarantee future results. Alpha measures the excess return of an investment relative to a benchmark index.

IOPV is the Indicative Optimized Portfolio Valuation. S&P 500 Index is an unmanaged market capitalization weighted index used to measure 500 companies chosen for market size, liquidity and industry grouping, among other factors. S&P 500 Dividend & Free Cash Flow Yield Index is designed to measure the constituents of the S&P 500 that exhibit both high dividend yield and sustainable distribution characteristics, while maintaining diversified sector exposure. S&P Emerging Plus LargeMidCap Index is designed to measure the performance of large- and mid-capitalization securities in emerging markets, including South Korea. The S&P Emerging Markets Dividend and Free Cash Flow Yield Index is designed to measure constituents of the S&P Emerging Plus LargeMidCap that exhibit both high dividend yield and sustainable distribution characteristics, while maintaining diversified sector exposure. The S&P Developed BMI Ex. U.S. & Korea LargeMidCap is designed to measure the performance of large- and mid-cap securities in developed markets, excluding the U.S. and Korea. The S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield Index seeks to measure the performance of stocks in developed markets, excluding the U.S. and Korea, that exhibit both high dividend yield and cash flow yield characteristics, while maintaining diversified sector and country representation. An investment cannot be made directly in an index.

Advisors Asset Management, Inc. (AAM) is an SEC-registered investment advisor and member FINRA/SIPC. AAM ETFs are distributed by Quasar Distributors, LLC. Quasar and AAM are not affiliated.