FLAG-Forensic Accounting Long-Short ETF (“FLAG”) was developed to offer the potential benefits of financial statement analysis to investors. FLAG seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of The Forensic Accounting Long-Short Index.
Vident Financial, LLC is owned by the Vident Investors' Oversight Trust. The Trust is comprised of industry professionals responsible for ensuring that Vident Financial is governed in accordance with the Principles-Based Investing framework.
The Trust is the sole shareholder of Vident Financial and ensures that profits will be reinvested towards:
Goal: To offer Principles-Based solutions while actively reducing the costs to investors.
Focus: To deliver value to the investors and putting their interests first.
Vince has over 30 years of experience in the personal and institutional financial services industry. Prior to co-founding Vident, he was the Chief Strategy Officer and Chairman of the Investment Policy Committee for Ronald Blue and Co. While serving in that role, he was responsible for leading the efforts to develop the Principled Reasoning investment philosophy that the Vident indices utilize. Prior to joining Ronald Blue & Co. in 2000, Vince was a Founder and Principal with Atlantic Capital Management, LLC, where he served as Managing Partner. Vince holds a B.A. in Business from Central College and is a CERTIFIED FINANCIAL PLANNER TM certificant
Deborah has over 30 years of institutional investment management and financial services industry experience. As Chief Operational Officer, she is responsible for increasing the operational efficiency of the firm and enhancing our client service and investment deliverables. She works closely with our CEO to execute on firm strategy, innovation and building organizational alignment around our Principles-Based Investing framework and its core principles. Prior to joining Vident, she was an Executive Vice President and Principal of Ronald Blue & Company and contributed to the development of the Principled Reasoning investment philosophy that the Vident indices utilize. Deborah began her career as an Institutional Portfolio Manager for Carillon Advisors and then ING North America Investment Centre, Inc. Deborah holds a BS in Accounting and Finance, and Masters in Organizational Behavior from Miami University and is a Chartered Financial Analyst designation
Mr. Alden has ten years of investment management industry experience and currently serves as Head of Quantitative Research for WeatherStorm Capital. Mr. Alden led the quantitative development of FLAG’s underlying index, FLAGLSX. Before FLAG, Andrew played a key role in developing the other Vident indexes and serves on the Vident Investor Oversight Committee. Prior to Mr. Alden’s role with WeatherStorm Capital, Andrew served as a senior portfolio strategist at Lattice Strategies and the lead researcher designing systematic equities strategies. Prior to earning his MFE, he worked at Guggenheim Partners and Citco Fund Services.
Mr. Alden obtained a Masters in Financial Engineering from University of California Berkeley and a BCom in Economics & Finance from University of Cape Town, South Africa. He holds a Chartered Financial Analyst designation.
Mr. Malekar has over 25 years of investment management experience and currently serves as the Chief Investment Officer for WeatherStorm Capital. Mr. Malekar contributes investment strategy for all the Vident indexes and serves on the Vident Investor Oversight Committee. Prior to Shirish’s role with WeatherStorm Capital, Shirish was Partner and Managing Director at Lattice Strategies, overseeing portfolio and risk management and research for global multi-asset portfolios and custom ETFs. Previously, Mr. Malekar developed and ran a global all asset hedge fund at SSGAM. He founded a similar fund at Deccan that was acquired by Allianz Global Investors. Prior to Allianz, Mr. Malekar developed the first global fixed-income fund at Strong Capital Management. He began his investment career at PIMCO, working on Bill Gross’ portfolio team.
Mr. Malekar obtained an MS from MIT, an MS in Petroleum Engineering from the University of Pittsburgh and a BS in Chemical Engineering from the University of Mumbai (Bombay). He was a teaching and research assistant for International Finance at MIT’s Sloan School of Management and an adjunct professor of Portfolio Management at University of San Francisco.
John Del Vecchio, CFA, is a member of the Vident Index Policy Committee (VIPC) and key contributor to the Forensic Accounting Long-Short Index. He is also the co-founder and co-manager of the Ranger Equity Bear ETF (HDGE), an actively managed exchange - traded fund dedicated to shorting individual stocks with fundamental red flags.
John is the author of the book, "What’s Behind The Numbers? A Guide to Exposing Financial Chicanery and Avoiding Huge Losses In Your Portfolio." Published by McGraw-Hill, "What’s Behind The Numbers?" was rated the Number One book for 2013 by Stock Trader’s Almanac. Click HERE to buy this book.
Previously, John managed a short only hedge fund for Ranger Alternative Management, L.P. In addition, he has worked for well-known short seller David Tice and famed forensic accountant Dr. Howard Schilit.
Exchange Traded Concepts, LLC serves as the investment advisor, and Vident Investment Advisory serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates. Check the background of SIDCO on FINRA’s BrokerCheck. WeatherStorm Capital™ have been licensed for use by Exchange Traded Concepts, LLC. FLAG Funds are not sponsored, endorsed, issued, sold, or promoted by IDS, nor does this company make any representations regarding the advisability of investing in the FLAG Funds.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.flagetf.com. Read the prospectus carefully before investing.
The Fund's short sales effectively leverage the Fund's assets. It is possible that the Fund may lose money on both long and short positions at the same time. If the Fund sells a security short and subsequently has to buy the security back at a higher price, the Fund will lose money on the transaction. The amount the Fund could lose on a short sale is theoretically unlimited (as compared to a long position, where the maximum loss is the amount invested).
Investments involve risk. Principal loss is possible. The Funds have the same risks as the underlying securities traded on the exchange throughout the day at market price. The Fund’s investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated, and the Index is expected to be concentrated in real estate-related industries. The composition of the Index is heavily dependent on a proprietary quantitative model as well as information and data supplied by third parties (“Models and Data”). The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. the Fund will be considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. The Fund is expected to invest substantially all of its assets in real estate-related companies. Investments in real estate companies involve unique risks. Real estate companies, including REITs, may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. The risks of investing in real estate companies include certain risks associated with the direct ownership of real estate and the real estate industry in general. Securities in the real estate sector are subject to the risk that the value of their underlying real estate may go down. The equity securities of smaller companies have historically been subject to greater investment risk than securities of larger companies.
Diversification does not guarantee a profit or protect from loss in a declining market.
1 Correlation is a mutual relationship or connection between two or more things.