Vident’s proprietary investment philosophy is expressed through distinct fundamentals that we believe should be top of mind when it comes to investing. These fundamentals are woven through the construction of the Vident U.S. Quality Index™ (VQUSX) and the Vident U.S. Equity Strategy ETF™ that tracks it. The application of Vident’s investment methodology seeks to produce a portfolio with exposure to companies with high-quality governance and management standards that are trading at reasonable valuations relative to the market.
09/24/2025
UNCERTAINTY & INSTABILITY
Systematically distributes constituent weightings across giant, large, and small/mid (SMID) market capitalization segments to achieve a well-diversified and resilient portfolio.
HUMAN PRODUCTIVITY
Stock selection that emphasizes strong quality earnings and favors companies that offer capital efficiency and productivity.
GOVERNANCE
Seeks to reduce exposure to companies with high corporate governance risks by utilizing governance risk scores that are derived from three categories: board metrics, incentives alignment, and ownership and control.
MOMENTUM
Employs a multi-factor model for scoring and ranking stocks that considers momentum characteristics through the lens of a quality screen.
| index | Month End Performance (As of 08/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | 1.69% | 1.61% |
| 2 | 3 Month | 6.61% | 6.37% |
| 3 | Year To Date | 10.29% | 10.11% |
| 4 | Since Inception* | 200.87% | 200.50% |
| 5 | Average Annual | ||
| 6 | 1 Year | 16.01% | 15.90% |
| 7 | 3 Year | 17.56% | 17.51% |
| 8 | 5 Year | 17.91% | 17.84% |
| 9 | 10 Year | 11.25% | 11.22% |
| 10 | Since Inception* | 9.95% | 9.94% |
| index | Quarter End Performance (As of 06/30/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 11.21% | 11.31% |
| 2 | Year To Date | 7.54% | 7.66% |
| 3 | Since Inception* | 193.37% | 193.81% |
| 4 | Average Annual | ||
| 5 | 1 Year | 17.00% | 17.17% |
| 6 | 3 Year | 18.73% | 18.81% |
| 7 | 5 Year | 19.49% | 19.48% |
| 8 | 10 Year | 10.28% | 10.31% |
| 9 | Since Inception* | 9.87% | 9.88% |
*Fund Inception Date: 1/21/2014
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
As of DATE
| index | Name | Ticker | CUSIP or Other Identifier | Weight | Shares |
|---|---|---|---|---|---|
| 0 | Broadcom Inc | AVGO | 11135F101 | 2.76% | 52,747 |
| 1 | Walmart Inc | WMT | 931142103 | 2.59% | 163,655 |
| 2 | Oracle Corp | ORCL | 68389X105 | 2.55% | 53,679 |
| 3 | Meta Platforms Inc | META | 30303M102 | 2.45% | 20,845 |
| 4 | Visa Inc | V | 92826C839 | 2.34% | 44,761 |
| 5 | Alphabet Inc | GOOGL | 02079K305 | 2.31% | 60,710 |
| 6 | Apple Inc | AAPL | 037833100 | 2.13% | 54,840 |
| 7 | AbbVie Inc | ABBV | 00287Y109 | 2.05% | 60,354 |
| 8 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.04% | 42,121 |
| 9 | Microsoft Corp | MSFT | 594918104 | 1.97% | 25,049 |
| 10 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.96% | 25,549 |
| 11 | Eli Lilly & Co | LLY | 532457108 | 1.96% | 17,086 |
| 12 | Costco Wholesale Corp | COST | 22160K105 | 1.95% | 13,359 |
| 13 | Home Depot Inc/The | HD | 437076102 | 1.95% | 30,857 |
| 14 | Johnson & Johnson | JNJ | 478160104 | 1.94% | 71,252 |
| 15 | NVIDIA Corp | NVDA | 67066G104 | 1.89% | 69,178 |
| 16 | Amazon.com Inc | AMZN | 023135106 | 1.87% | 54,984 |
| 17 | Mastercard Inc | MA | 57636Q104 | 1.86% | 21,256 |
| 18 | Fortinet Inc | FTNT | 34959E109 | 1.31% | 101,217 |
| 19 | ServiceNow Inc | NOW | 81762P102 | 1.31% | 9,090 |
| 20 | Gilead Sciences Inc | GILD | 375558103 | 1.20% | 68,493 |
| 21 | Lam Research Corp | LRCX | 512807306 | 1.20% | 60,674 |
| 22 | Booking Holdings Inc | BKNG | 09857L108 | 1.17% | 1,378 |
| 23 | Autodesk Inc | ADSK | 052769106 | 1.11% | 22,244 |
| 24 | Robinhood Markets Inc | HOOD | 770700102 | 1.10% | 56,091 |
| 25 | Caterpillar Inc | CAT | 149123101 | 1.06% | 14,580 |
| 26 | TJX Cos Inc/The | TJX | 872540109 | 1.00% | 46,003 |
| 27 | Salesforce Inc | CRM | 79466L302 | 0.98% | 25,792 |
| 28 | Adobe Inc | ADBE | 00724F101 | 0.97% | 17,717 |
| 29 | Motorola Solutions Inc | MSI | 620076307 | 0.97% | 13,801 |
| 30 | Exxon Mobil Corp | XOM | 30231G102 | 0.96% | 54,433 |
| 31 | Illinois Tool Works Inc | ITW | 452308109 | 0.95% | 23,617 |
| 32 | Altria Group Inc | MO | 02209S103 | 0.95% | 94,622 |
| 33 | Uber Technologies Inc | UBER | 90353T100 | 0.95% | 63,214 |
| 34 | Colgate-Palmolive Co | CL | 194162103 | 0.94% | 74,728 |
| 35 | Automatic Data Processing Inc | ADP | 053015103 | 0.93% | 20,721 |
| 36 | Ecolab Inc | ECL | 278865100 | 0.93% | 22,519 |
| 37 | Netflix Inc | NFLX | 64110L106 | 0.92% | 4,978 |
| 38 | Progressive Corp/The | PGR | 743315103 | 0.92% | 24,805 |
| 39 | Sherwin-Williams Co/The | SHW | 824348106 | 0.91% | 17,158 |
| 40 | Moody's Corp | MCO | 615369105 | 0.90% | 12,296 |
| 41 | TransDigm Group Inc | TDG | 893641100 | 0.89% | 4,449 |
| 42 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.87% | 17,253 |
| 43 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.82% | 27,433 |
| 44 | InterDigital Inc | IDCC | 45867G101 | 0.79% | 14,727 |
| 45 | Sterling Infrastructure Inc | STRL | 859241101 | 0.71% | 13,415 |
| 46 | Constellation Energy Corp | CEG | 21037T109 | 0.69% | 13,223 |
| 47 | HubSpot Inc | HUBS | 443573100 | 0.68% | 8,598 |
| 48 | Laureate Education Inc | LAUR | 518613203 | 0.68% | 144,689 |
| 49 | Cargurus Inc | CARG | 141788109 | 0.67% | 115,175 |
| 50 | Cintas Corp | CTAS | 172908105 | 0.66% | 21,273 |
| 51 | Fair Isaac Corp | FICO | 303250104 | 0.66% | 2,768 |
| 52 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.65% | 28,917 |
| 53 | Reddit Inc | RDDT | 75734B100 | 0.65% | 17,909 |
| 54 | REV Group Inc | REVG | 749527107 | 0.65% | 72,679 |
| 55 | Zoetis Inc | ZTS | 98978V103 | 0.64% | 29,267 |
| 56 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.63% | 19,275 |
| 57 | Vistra Corp | VST | 92840M102 | 0.63% | 20,141 |
| 58 | AppLovin Corp | APP | 03831W108 | 0.62% | 6,305 |
| 59 | Exelixis Inc | EXEL | 30161Q104 | 0.62% | 102,498 |
| 60 | F5 Inc | FFIV | 315616102 | 0.62% | 12,453 |
| 61 | Twilio Inc | TWLO | 90138F102 | 0.61% | 38,362 |
| 62 | Clear Secure Inc | YOU | 18467V109 | 0.61% | 108,050 |
| 63 | Pegasystems Inc | PEGA | 705573103 | 0.60% | 64,605 |
| 64 | Onto Innovation Inc | ONTO | 683344105 | 0.58% | 28,871 |
| 65 | Sezzle Inc | SEZL | 78435P105 | 0.56% | 42,161 |
| 66 | IES Holdings Inc | IESC | 44951W106 | 0.55% | 9,430 |
| 67 | Comfort Systems USA Inc | FIX | 199908104 | 0.54% | 4,445 |
| 68 | Rambus Inc | RMBS | 750917106 | 0.54% | 34,567 |
| 69 | TechnipFMC PLC | FTI | G87110105 | 0.53% | 86,726 |
| 70 | Cirrus Logic Inc | CRUS | 172755100 | 0.52% | 26,933 |
| 71 | International Seaways Inc | INSW | Y41053102 | 0.52% | 71,093 |
| 72 | Intuit Inc | INTU | 461202103 | 0.51% | 4,739 |
| 73 | Palantir Technologies Inc | PLTR | 69608A108 | 0.51% | 18,394 |
| 74 | Paymentus Holdings Inc | PAY | 70439P108 | 0.50% | 102,685 |
| 75 | Paycom Software Inc | PAYC | 70432V102 | 0.50% | 14,956 |
| 76 | SEI Investments Co | SEIC | 784117103 | 0.50% | 37,413 |
| 77 | Badger Meter Inc | BMI | 056525108 | 0.49% | 18,249 |
| 78 | Incyte Corp | INCY | 45337C102 | 0.49% | 37,427 |
| 79 | Yelp Inc | YELP | 985817105 | 0.49% | 100,026 |
| 80 | ADMA Biologics Inc | ADMA | 000899104 | 0.48% | 197,631 |
| 81 | DoorDash Inc | DASH | 25809K105 | 0.48% | 11,893 |
| 82 | eBay Inc | EBAY | 278642103 | 0.48% | 33,219 |
| 83 | Royal Gold Inc | RGLD | 780287108 | 0.48% | 16,434 |
| 84 | Armstrong World Industries Inc | AWI | 04247X102 | 0.47% | 15,914 |
| 85 | Deckers Outdoor Corp | DECK | 243537107 | 0.47% | 27,653 |
| 86 | Electronic Arts Inc | EA | 285512109 | 0.47% | 18,274 |
| 87 | New York Times Co/The | NYT | 650111107 | 0.47% | 52,882 |
| 88 | Valmont Industries Inc | VMI | 920253101 | 0.47% | 8,357 |
| 89 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.46% | 16,566 |
| 90 | Abercrombie & Fitch Co | ANF | 002896207 | 0.45% | 32,498 |
| 91 | Crane Co | CR | 224408104 | 0.44% | 16,067 |
| 92 | Erie Indemnity Co | ERIE | 29530P102 | 0.44% | 8,980 |
| 93 | Morningstar Inc | MORN | 617700109 | 0.44% | 12,079 |
| 94 | Federated Hermes Inc | FHI | 314211103 | 0.43% | 53,656 |
| 95 | Blue Bird Corp | BLBD | 095306106 | 0.41% | 45,549 |
| 96 | Qualys Inc | QLYS | 74758T303 | 0.41% | 19,725 |
| 97 | United States Lime & Minerals Inc | USLM | 911922102 | 0.41% | 21,239 |
| 98 | Docusign Inc | DOCU | 256163106 | 0.40% | 30,963 |
| 99 | Dolby Laboratories Inc | DLB | 25659T107 | 0.39% | 35,514 |
| 100 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.39% | 24,710 |
| 101 | ExlService Holdings Inc | EXLS | 302081104 | 0.35% | 51,511 |
| 102 | Chewy Inc | CHWY | 16679L109 | 0.32% | 55,088 |
| 103 | Strategic Education Inc | STRA | 86272C103 | 0.32% | 25,165 |
| 104 | Zillow Group Inc | Z | 98954M200 | 0.32% | 26,200 |
| 105 | Palo Alto Networks Inc | PANW | 697435105 | 0.31% | 10,038 |
| 106 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.24% | 6,303 |
| 107 | Appfolio Inc | APPF | 03783C100 | 0.23% | 5,330 |
| 108 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.23% | 53,932 |
| 109 | Parker-Hannifin Corp | PH | 701094104 | 0.21% | 1,822 |
| 110 | Pinterest Inc | PINS | 72352L106 | 0.21% | 40,468 |
| 111 | T-Mobile US Inc | TMUS | 872590104 | 0.20% | 5,522 |
| 112 | Toast Inc | TOST | 888787108 | 0.20% | 34,438 |
| 113 | Carlisle Cos Inc | CSL | 142339100 | 0.19% | 3,713 |
| 114 | Ubiquiti Inc | UI | 90353W103 | 0.19% | 1,971 |
| 115 | Doximity Inc | DOCS | 26622P107 | 0.18% | 15,851 |
| 116 | Lantheus Holdings Inc | LNTH | 516544103 | 0.16% | 19,553 |
| 117 | Dave Inc | DAVE | 23834J201 | 0.14% | 3,897 |
| 118 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.12% | 1,544 |
| 119 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,715 |
| 120 | Manhattan Associates Inc | MANH | 562750109 | 0.11% | 3,379 |
| 121 | Fox Corp | FOXA | 35137L105 | 0.10% | 10,643 |
| 122 | Cash & Other | Cash&Other | Cash&Other | 0.03% | 185,638 |
| 123 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.02% | 116,085 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 28.08% |
| 1 | Financials | 15.54% |
| 2 | Consumer Discretionary | 12.19% |
| 3 | Industrials | 11.3% |
| 4 | Health Care | 10.06% |
| 5 | Communication Services | 8.77% |
| 6 | Consumer Staples | 6.52% |
| 7 | Materials | 2.87% |
| 8 | Energy | 2% |
| 9 | Utilities | 1.25% |
| 10 | Real Estate | 1.24% |
| 11 | Money Market Deposit Account | 0.18% |
As of DATE
As of DATE
| index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
|---|---|---|---|---|---|
| 0 | 09/17/2025 | 0.134207430 | |||
| 1 | 06/17/2025 | 0.063574490 | |||
| 2 | 03/18/2025 | 0.065019720 | |||
| 3 | 12/17/2024 | 0.253758710 | |||
| 4 | 09/17/2024 | 0.019708230 | |||
| 5 | 06/11/2024 | 0.133350840 | |||
| 6 | 03/12/2024 | 0.087451510 | |||
| 7 | 12/15/2023 | 0.308894140 | |||
| 8 | 09/12/2023 | 0.003221910 | |||
| 9 | 06/13/2023 | 0.160954190 | |||
| 10 | 03/14/2023 | 0.1131668 | |||
| 11 | 12/16/2022 | 0.38876403 | |||
| 12 | 09/13/2022 | 0.01002448 | |||
| 13 | 06/14/2022 | 0.15395516 | |||
| 14 | 03/15/2022 | 0.10121481 | |||
| 15 | 12/17/2021 | 0.33335153 | |||
| 16 | 09/14/2021 | 0.01343585 | |||
| 17 | 06/15/2021 | 0.11549275 | |||
| 18 | 03/16/2021 | 0.07891059 | |||
| 19 | 12/18/2020 | 0.26098731 | |||
| 20 | 09/15/2020 | 0.01178418 | |||
| 21 | 06/16/2020 | 0.11193304 | |||
| 22 | 03/17/2020 | 0.07918688 | |||
| 23 | 12/19/2019 | 0.25784953 | |||
| 24 | 09/17/2019 | 0.02308849 | |||
| 25 | 06/18/2019 | 0.1327283 | |||
| 26 | 03/19/2019 | 0.11971005 | |||
| 27 | 12/19/2018 | 0.22649181 | |||
| 28 | 09/18/2018 | 0.01714441 | |||
| 29 | 06/19/2018 | 0.10338587 | |||
| 30 | 03/20/2018 | 0.08644061 | |||
| 31 | 12/21/2017 | 0.21249523 | |||
| 32 | 09/19/2017 | 0.0223068 | |||
| 33 | 06/13/2017 | 0.08469624 | |||
| 34 | 03/14/2017 | 0.06883529 | |||
| 35 | 12/23/2016 | 0.1075908 | |||
| 36 | 09/13/2016 | 0.01296064 | |||
| 37 | 06/14/2016 | 0.10002478 | |||
| 38 | 03/15/2016 | 0.1416389 | |||
| 39 | 12/29/2015 | 0.19800834 | |||
| 40 | 09/22/2015 | 0.02405747 | |||
| 41 | 06/16/2015 | 0.10630864 | |||
| 42 | 03/17/2015 | 0.10128952 | |||
| 43 | 12/16/2014 | 0.12639314 | 0.00094 | NULL | |
| 44 | 09/16/2014 | 0.09380128 | |||
| 45 | 06/17/2014 | 0.08583121 | |||
| 46 | 03/18/2014 | 0.03931572 |
