UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Vident Core US Equity
Fund, A Series of ETF Series Solutions
(Name of Issuer)
Shares of Beneficial Interests
(Title of Class of Securities)
26922A503
(CUSIP Number)
Derek MacArthur, 300 Colonial
Center Parkway, Roswell, Georgia 30076 and 770-280-6016
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 5, 2014
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x
Rule 13d-1(b)
¨
Rule 13d-1(c)
¨
Rule 13d-1(d)
*
The remainder of this cover page shall be
filled out for a reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
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CUSIP No. 26922A503
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13G
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Page 2 of 3 Pages
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1.
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NAMES
OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ronald Blue & Company, LLC
581411966
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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5.
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SOLE VOTING POWER
734,260
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6.
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SHARED VOTING POWER
0
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7.
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SOLE DISPOSITIVE POWER
779,276
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8.
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SHARED DISPOSITIVE POWER
0
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
788,679
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10.
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
(see instructions)
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
98.5%
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12.
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TYPE OF REPORTING PERSON (see instructions)
IA
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CUSIP No. 26922A503
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13G
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Page 2 of 3 Pages
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Item 1.
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(a)
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Name of Issuer
Vident Core US Equity Fund,
A Series of ETF Series Solutions
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(b)
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Address of Issuer’s Principal Executive Offices
615 East Michigan
Street
Milwaukee, Wisconsin 53202
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Item 2.
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(a)
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Name of Person Filing
Ronald Blue & Company, LLC
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(b)
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Address of the Principal Office or, if none, residence
300 Colonial Center Parkway, Suite 300, Roswell, Georgia 30076
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(c)
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Citizenship
Georgia Limited Liability Company
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(d)
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Title of Class of Securities
shares of Beneficial Interests
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(e)
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CUSIP Number
26922A503
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Item 3. If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the
class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned: 788,679. All 788,679 Shares of Beneficial
Interests ("Shares") are ultimately owned by certain individual and institutional clients for which Ronald Blue &
Company, LLC (“RB&Co.”) serves as investment advisor. RB&Co. may be deemed to beneficially own
such Shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the
"Act"), by virtue of the investment discretion and voting authority granted to RB&Co. by such
clients over such Shares. The investment discretion and voting authority granted to RB&Co. may
be revoked at any time.
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(b)
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Percent of class: 98.5%. The percentage was calculated based upon 800,000 shares
of Beneficial Interest outstanding at March 5, 2014 as reported by the Issuer
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote 734,260
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(ii)
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Shared power to vote or to direct the vote 0
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(iii)
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Sole power to dispose or to direct the disposition of 779,276
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(iv)
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Shared power to dispose or to direct the disposition of
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Instruction
. For computations regarding securities which represent a right to
acquire an underlying security
see
§240.13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent of the class of securities,
check the following
¨
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Instruction
. Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent
on Behalf of Another Person.
Ownership of
More than Five Percent on Behalf of Another Person. Certain individual and institutional clients of RB&Co. ultimately
own all of the Shares included on this Schedule and have the right to receive or the power to direct the receipt of dividends
and proceeds from the sale of such Shares. No one client has granted RB&Co. investment discretion or voting authority
over 5% or more of the Issuer's Shares of Beneficial Interests outstanding.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
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(a)
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The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction having that purpose or effect.
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(b)
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The following certification shall be included if the statement is filed pursuant to
§240.13d-1(c):
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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CUSIP No. 26922A503
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13G
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Page 2 of 3 Pages
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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this statement is true, complete and correct.
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03/25/2014
Date
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/s/ Larry Korchan
Signature
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Larry Korchan, Director of Investment Operations
Name/Title
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