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.
11/07/2025
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 10/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | -0.76% | -0.62% |
| 2 | 3 Month | 4.05% | 4.33% |
| 3 | Year To Date | 12.85% | 13.06% |
| 4 | Since Inception* | 207.85% | 208.55% |
| 5 | Average Annual | ||
| 6 | 1 Year | 15.60% | 15.62% |
| 7 | 3 Year | 17.68% | 17.77% |
| 8 | 5 Year | 19.53% | 19.55% |
| 9 | 10 Year | 11.35% | 11.38% |
| 10 | Since Inception* | 10.02% | 10.04% |
| index | Quarter End Performance (As of 09/30/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 5.74% | 5.66% |
| 2 | Year To Date | 13.71% | 13.76% |
| 3 | Since Inception* | 210.21% | 210.46% |
| 4 | Average Annual | ||
| 5 | 1 Year | 16.82% | 16.87% |
| 6 | 3 Year | 22.52% | 22.50% |
| 7 | 5 Year | 19.63% | 19.62% |
| 8 | 10 Year | 12.13% | 12.14% |
| 9 | Since Inception* | 10.17% | 10.18% |
*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 | 2.90% | 52,882 |
| 1 | Alphabet Inc | GOOGL | 02079K305 | 2.67% | 60,865 |
| 2 | Walmart Inc | WMT | 931142103 | 2.64% | 164,074 |
| 3 | Eli Lilly & Co | LLY | 532457108 | 2.49% | 17,130 |
| 4 | Visa Inc | V | 92826C839 | 2.37% | 44,875 |
| 5 | Apple Inc | AAPL | 037833100 | 2.32% | 54,980 |
| 6 | Amazon.com Inc | AMZN | 023135106 | 2.12% | 55,125 |
| 7 | Johnson & Johnson | JNJ | 478160104 | 2.09% | 71,434 |
| 8 | AbbVie Inc | ABBV | 00287Y109 | 2.08% | 60,508 |
| 9 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.08% | 42,229 |
| 10 | NVIDIA Corp | NVDA | 67066G104 | 2.05% | 69,355 |
| 11 | Meta Platforms Inc | META | 30303M102 | 2.04% | 20,898 |
| 12 | Oracle Corp | ORCL | 68389X105 | 2.02% | 53,816 |
| 13 | Berkshire Hathaway Inc | BRK/B | 084670702 | 2.01% | 25,614 |
| 14 | Microsoft Corp | MSFT | 594918104 | 1.96% | 25,113 |
| 15 | Costco Wholesale Corp | COST | 22160K105 | 1.94% | 13,393 |
| 16 | Mastercard Inc | MA | 57636Q104 | 1.85% | 21,310 |
| 17 | Home Depot Inc/The | HD | 437076102 | 1.80% | 30,936 |
| 18 | Lam Research Corp | LRCX | 512807306 | 1.52% | 60,829 |
| 19 | Fortinet Inc | FTNT | 34959E109 | 1.30% | 101,476 |
| 20 | Caterpillar Inc | CAT | 149123101 | 1.29% | 14,617 |
| 21 | Gilead Sciences Inc | GILD | 375558103 | 1.28% | 68,668 |
| 22 | ServiceNow Inc | NOW | 81762P102 | 1.23% | 9,113 |
| 23 | Robinhood Markets Inc | HOOD | 770700102 | 1.15% | 56,234 |
| 24 | Booking Holdings Inc | BKNG | 09857L108 | 1.07% | 1,382 |
| 25 | TJX Cos Inc/The | TJX | 872540109 | 1.05% | 46,121 |
| 26 | Autodesk Inc | ADSK | 052769106 | 1.04% | 22,301 |
| 27 | Exxon Mobil Corp | XOM | 30231G102 | 1.00% | 54,572 |
| 28 | Salesforce Inc | CRM | 79466L302 | 0.97% | 25,858 |
| 29 | Moody's Corp | MCO | 615369105 | 0.94% | 12,327 |
| 30 | Colgate-Palmolive Co | CL | 194162103 | 0.93% | 74,919 |
| 31 | Sherwin-Williams Co/The | SHW | 824348106 | 0.92% | 17,202 |
| 32 | Uber Technologies Inc | UBER | 90353T100 | 0.92% | 63,376 |
| 33 | Adobe Inc | ADBE | 00724F101 | 0.91% | 17,762 |
| 34 | Ecolab Inc | ECL | 278865100 | 0.91% | 22,577 |
| 35 | Illinois Tool Works Inc | ITW | 452308109 | 0.91% | 23,677 |
| 36 | TransDigm Group Inc | TDG | 893641100 | 0.90% | 4,460 |
| 37 | Netflix Inc | NFLX | 64110L106 | 0.87% | 4,991 |
| 38 | InterDigital Inc | IDCC | 45867G101 | 0.86% | 14,765 |
| 39 | Altria Group Inc | MO | 02209S103 | 0.86% | 94,864 |
| 40 | Motorola Solutions Inc | MSI | 620076307 | 0.85% | 13,836 |
| 41 | Progressive Corp/The | PGR | 743315103 | 0.85% | 24,868 |
| 42 | Automatic Data Processing Inc | ADP | 053015103 | 0.83% | 20,774 |
| 43 | Sterling Infrastructure Inc | STRL | 859241101 | 0.80% | 13,449 |
| 44 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.77% | 27,503 |
| 45 | Twilio Inc | TWLO | 90138F102 | 0.77% | 38,460 |
| 46 | Fair Isaac Corp | FICO | 303250104 | 0.76% | 2,775 |
| 47 | Constellation Energy Corp | CEG | 21037T109 | 0.75% | 13,257 |
| 48 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.70% | 17,297 |
| 49 | Laureate Education Inc | LAUR | 518613203 | 0.69% | 145,059 |
| 50 | Comfort Systems USA Inc | FIX | 199908104 | 0.67% | 4,456 |
| 51 | Exelixis Inc | EXEL | 30161Q104 | 0.66% | 102,760 |
| 52 | Onto Innovation Inc | ONTO | 683344105 | 0.63% | 28,945 |
| 53 | AppLovin Corp | APP | 03831W108 | 0.62% | 6,321 |
| 54 | Cintas Corp | CTAS | 172908105 | 0.62% | 21,327 |
| 55 | Incyte Corp | INCY | 45337C102 | 0.62% | 37,523 |
| 56 | Paymentus Holdings Inc | PAY | 70439P108 | 0.61% | 102,948 |
| 57 | Vistra Corp | VST | 92840M102 | 0.61% | 20,193 |
| 58 | Clear Secure Inc | YOU | 18467V109 | 0.61% | 108,326 |
| 59 | Cargurus Inc | CARG | 141788109 | 0.60% | 115,470 |
| 60 | International Seaways Inc | INSW | Y41053102 | 0.60% | 71,275 |
| 61 | Pegasystems Inc | PEGA | 705573103 | 0.60% | 64,770 |
| 62 | REV Group Inc | REVG | 749527107 | 0.60% | 72,865 |
| 63 | TechnipFMC PLC | FTI | G87110105 | 0.59% | 86,948 |
| 64 | IES Holdings Inc | IESC | 44951W106 | 0.59% | 9,454 |
| 65 | Rambus Inc | RMBS | 750917106 | 0.59% | 34,655 |
| 66 | Electronic Arts Inc | EA | 285512109 | 0.58% | 18,321 |
| 67 | Reddit Inc | RDDT | 75734B100 | 0.55% | 17,955 |
| 68 | Zoetis Inc | ZTS | 98978V103 | 0.55% | 29,342 |
| 69 | Badger Meter Inc | BMI | 056525108 | 0.54% | 18,296 |
| 70 | HubSpot Inc | HUBS | 443573100 | 0.54% | 8,620 |
| 71 | Valmont Industries Inc | VMI | 920253101 | 0.54% | 8,378 |
| 72 | Palantir Technologies Inc | PLTR | 69608A108 | 0.52% | 18,441 |
| 73 | New York Times Co/The | NYT | 650111107 | 0.51% | 53,017 |
| 74 | Cirrus Logic Inc | CRUS | 172755100 | 0.50% | 27,002 |
| 75 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.50% | 19,324 |
| 76 | SEI Investments Co | SEIC | 784117103 | 0.49% | 37,509 |
| 77 | Crane Co | CR | 224408104 | 0.48% | 16,108 |
| 78 | F5 Inc | FFIV | 315616102 | 0.48% | 12,485 |
| 79 | Intuit Inc | INTU | 461202103 | 0.48% | 4,751 |
| 80 | Armstrong World Industries Inc | AWI | 04247X102 | 0.47% | 15,955 |
| 81 | Qualys Inc | QLYS | 74758T303 | 0.47% | 19,775 |
| 82 | Yelp Inc | YELP | 985817105 | 0.46% | 100,282 |
| 83 | ADMA Biologics Inc | ADMA | 000899104 | 0.45% | 198,136 |
| 84 | Royal Gold Inc | RGLD | 780287108 | 0.45% | 16,476 |
| 85 | eBay Inc | EBAY | 278642103 | 0.44% | 33,304 |
| 86 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.44% | 16,608 |
| 87 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.43% | 28,991 |
| 88 | Federated Hermes Inc | FHI | 314211103 | 0.42% | 53,793 |
| 89 | Morningstar Inc | MORN | 617700109 | 0.41% | 12,110 |
| 90 | Erie Indemnity Co | ERIE | 29530P102 | 0.40% | 9,003 |
| 91 | Sezzle Inc | SEZL | 78435P105 | 0.39% | 42,269 |
| 92 | United States Lime & Minerals Inc | USLM | 911922102 | 0.39% | 21,293 |
| 93 | DoorDash Inc | DASH | 25809K105 | 0.38% | 11,923 |
| 94 | Paycom Software Inc | PAYC | 70432V102 | 0.38% | 14,994 |
| 95 | Abercrombie & Fitch Co | ANF | 002896207 | 0.37% | 32,581 |
| 96 | Blue Bird Corp | BLBD | 095306106 | 0.36% | 45,665 |
| 97 | Deckers Outdoor Corp | DECK | 243537107 | 0.36% | 27,724 |
| 98 | Dolby Laboratories Inc | DLB | 25659T107 | 0.36% | 35,605 |
| 99 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.36% | 24,773 |
| 100 | Docusign Inc | DOCU | 256163106 | 0.34% | 31,042 |
| 101 | Palo Alto Networks Inc | PANW | 697435105 | 0.34% | 10,064 |
| 102 | ExlService Holdings Inc | EXLS | 302081104 | 0.32% | 51,643 |
| 103 | Strategic Education Inc | STRA | 86272C103 | 0.30% | 25,229 |
| 104 | Zillow Group Inc | Z | 98954M200 | 0.30% | 26,267 |
| 105 | Chewy Inc | CHWY | 16679L109 | 0.29% | 55,229 |
| 106 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.25% | 54,070 |
| 107 | Parker-Hannifin Corp | PH | 701094104 | 0.24% | 1,827 |
| 108 | Appfolio Inc | APPF | 03783C100 | 0.21% | 5,344 |
| 109 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.21% | 6,319 |
| 110 | Toast Inc | TOST | 888787108 | 0.20% | 34,526 |
| 111 | Carlisle Cos Inc | CSL | 142339100 | 0.19% | 3,722 |
| 112 | Ubiquiti Inc | UI | 90353W103 | 0.19% | 1,976 |
| 113 | T-Mobile US Inc | TMUS | 872590104 | 0.18% | 5,536 |
| 114 | Pinterest Inc | PINS | 72352L106 | 0.17% | 40,571 |
| 115 | Lantheus Holdings Inc | LNTH | 516544103 | 0.16% | 19,603 |
| 116 | Dave Inc | DAVE | 23834J201 | 0.14% | 3,907 |
| 117 | Doximity Inc | DOCS | 26622P107 | 0.14% | 15,892 |
| 118 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.14% | 1,548 |
| 119 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,730 |
| 120 | Fox Corp | FOXA | 35137L105 | 0.11% | 10,670 |
| 121 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,388 |
| 122 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.08% | 515,100 |
| 123 | Cash & Other | Cash&Other | Cash&Other | -0.02% | -129,906 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 29.42% |
| 1 | Financials | 14.87% |
| 2 | Consumer Discretionary | 11.87% |
| 3 | Industrials | 11.28% |
| 4 | Health Care | 10.07% |
| 5 | Communication Services | 8.87% |
| 6 | Consumer Staples | 6.39% |
| 7 | Materials | 2.8% |
| 8 | Energy | 1.98% |
| 9 | Utilities | 1.28% |
| 10 | Real Estate | 1.12% |
| 11 | Money Market Deposit Account | 0.05% |
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 |
