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.
11/25/2025
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 | 3.18% | 52,747 |
| 1 | Alphabet Inc | GOOGL | 02079K305 | 3.07% | 60,710 |
| 2 | Eli Lilly & Co | LLY | 532457108 | 2.97% | 17,086 |
| 3 | Walmart Inc | WMT | 931142103 | 2.74% | 163,655 |
| 4 | Apple Inc | AAPL | 037833100 | 2.38% | 54,840 |
| 5 | Visa Inc | V | 92826C839 | 2.34% | 44,761 |
| 6 | Johnson & Johnson | JNJ | 478160104 | 2.30% | 71,252 |
| 7 | AbbVie Inc | ABBV | 00287Y109 | 2.19% | 60,354 |
| 8 | Meta Platforms Inc | META | 30303M102 | 2.07% | 20,845 |
| 9 | Berkshire Hathaway Inc | BRK/B | 084670702 | 2.03% | 25,549 |
| 10 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.00% | 42,121 |
| 11 | Amazon.com Inc | AMZN | 023135106 | 1.98% | 54,984 |
| 12 | NVIDIA Corp | NVDA | 67066G104 | 1.92% | 69,178 |
| 13 | Costco Wholesale Corp | COST | 22160K105 | 1.87% | 13,359 |
| 14 | Microsoft Corp | MSFT | 594918104 | 1.87% | 25,049 |
| 15 | Mastercard Inc | MA | 57636Q104 | 1.82% | 21,256 |
| 16 | Home Depot Inc/The | HD | 437076102 | 1.69% | 30,857 |
| 17 | Oracle Corp | ORCL | 68389X105 | 1.65% | 53,679 |
| 18 | Lam Research Corp | LRCX | 512807306 | 1.44% | 60,674 |
| 19 | Gilead Sciences Inc | GILD | 375558103 | 1.36% | 68,493 |
| 20 | Caterpillar Inc | CAT | 149123101 | 1.29% | 14,580 |
| 21 | Fortinet Inc | FTNT | 34959E109 | 1.28% | 101,217 |
| 22 | ServiceNow Inc | NOW | 81762P102 | 1.17% | 9,090 |
| 23 | TJX Cos Inc/The | TJX | 872540109 | 1.10% | 46,003 |
| 24 | Booking Holdings Inc | BKNG | 09857L108 | 1.06% | 1,378 |
| 25 | Autodesk Inc | ADSK | 052769106 | 1.02% | 22,244 |
| 26 | Robinhood Markets Inc | HOOD | 770700102 | 1.01% | 56,091 |
| 27 | Exxon Mobil Corp | XOM | 30231G102 | 0.98% | 54,433 |
| 28 | Ecolab Inc | ECL | 278865100 | 0.96% | 22,519 |
| 29 | Salesforce Inc | CRM | 79466L302 | 0.94% | 25,792 |
| 30 | TransDigm Group Inc | TDG | 893641100 | 0.94% | 4,449 |
| 31 | Colgate-Palmolive Co | CL | 194162103 | 0.93% | 74,728 |
| 32 | Moody's Corp | MCO | 615369105 | 0.93% | 12,296 |
| 33 | Illinois Tool Works Inc | ITW | 452308109 | 0.92% | 23,617 |
| 34 | Sherwin-Williams Co/The | SHW | 824348106 | 0.92% | 17,158 |
| 35 | Adobe Inc | ADBE | 00724F101 | 0.89% | 17,717 |
| 36 | Progressive Corp/The | PGR | 743315103 | 0.88% | 24,805 |
| 37 | Altria Group Inc | MO | 02209S103 | 0.86% | 94,622 |
| 38 | Automatic Data Processing Inc | ADP | 053015103 | 0.83% | 20,721 |
| 39 | Uber Technologies Inc | UBER | 90353T100 | 0.83% | 63,214 |
| 40 | InterDigital Inc | IDCC | 45867G101 | 0.82% | 14,727 |
| 41 | Netflix Inc | NFLX | 64110L106 | 0.81% | 49,780 |
| 42 | Motorola Solutions Inc | MSI | 620076307 | 0.80% | 13,801 |
| 43 | Fair Isaac Corp | FICO | 303250104 | 0.78% | 2,768 |
| 44 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.77% | 27,433 |
| 45 | Twilio Inc | TWLO | 90138F102 | 0.77% | 38,362 |
| 46 | Constellation Energy Corp | CEG | 21037T109 | 0.73% | 13,223 |
| 47 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.72% | 17,253 |
| 48 | Sterling Infrastructure Inc | STRL | 859241101 | 0.70% | 13,415 |
| 49 | Exelixis Inc | EXEL | 30161Q104 | 0.69% | 102,498 |
| 50 | Laureate Education Inc | LAUR | 518613203 | 0.68% | 144,689 |
| 51 | Comfort Systems USA Inc | FIX | 199908104 | 0.67% | 4,445 |
| 52 | Cargurus Inc | CARG | 141788109 | 0.65% | 115,175 |
| 53 | Incyte Corp | INCY | 45337C102 | 0.62% | 37,427 |
| 54 | Onto Innovation Inc | ONTO | 683344105 | 0.62% | 28,871 |
| 55 | Cintas Corp | CTAS | 172908105 | 0.61% | 21,273 |
| 56 | TechnipFMC PLC | FTI | G87110105 | 0.61% | 86,726 |
| 57 | Reddit Inc | RDDT | 75734B100 | 0.61% | 17,909 |
| 58 | IES Holdings Inc | IESC | 44951W106 | 0.60% | 9,430 |
| 59 | International Seaways Inc | INSW | Y41053102 | 0.60% | 71,093 |
| 60 | REV Group Inc | REVG | 749527107 | 0.60% | 72,679 |
| 61 | Clear Secure Inc | YOU | 18467V109 | 0.60% | 108,050 |
| 62 | ADMA Biologics Inc | ADMA | 000899104 | 0.59% | 197,631 |
| 63 | Zoetis Inc | ZTS | 98978V103 | 0.59% | 29,267 |
| 64 | Electronic Arts Inc | EA | 285512109 | 0.58% | 18,274 |
| 65 | AppLovin Corp | APP | 03831W108 | 0.55% | 6,305 |
| 66 | Paymentus Holdings Inc | PAY | 70439P108 | 0.55% | 102,685 |
| 67 | Pegasystems Inc | PEGA | 705573103 | 0.55% | 64,605 |
| 68 | Vistra Corp | VST | 92840M102 | 0.54% | 20,141 |
| 69 | New York Times Co/The | NYT | 650111107 | 0.53% | 52,882 |
| 70 | Valmont Industries Inc | VMI | 920253101 | 0.53% | 8,357 |
| 71 | Badger Meter Inc | BMI | 056525108 | 0.52% | 18,249 |
| 72 | Cirrus Logic Inc | CRUS | 172755100 | 0.50% | 26,933 |
| 73 | HubSpot Inc | HUBS | 443573100 | 0.50% | 8,598 |
| 74 | Rambus Inc | RMBS | 750917106 | 0.50% | 34,567 |
| 75 | Royal Gold Inc | RGLD | 780287108 | 0.49% | 16,434 |
| 76 | Intuit Inc | INTU | 461202103 | 0.48% | 4,739 |
| 77 | Armstrong World Industries Inc | AWI | 04247X102 | 0.47% | 15,914 |
| 78 | F5 Inc | FFIV | 315616102 | 0.47% | 12,453 |
| 79 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.47% | 19,275 |
| 80 | Palantir Technologies Inc | PLTR | 69608A108 | 0.47% | 18,394 |
| 81 | SEI Investments Co | SEIC | 784117103 | 0.47% | 37,413 |
| 82 | Abercrombie & Fitch Co | ANF | 002896207 | 0.46% | 32,498 |
| 83 | Crane Co | CR | 224408104 | 0.46% | 16,067 |
| 84 | Yelp Inc | YELP | 985817105 | 0.46% | 100,026 |
| 85 | Qualys Inc | QLYS | 74758T303 | 0.44% | 19,725 |
| 86 | eBay Inc | EBAY | 278642103 | 0.43% | 33,219 |
| 87 | Erie Indemnity Co | ERIE | 29530P102 | 0.42% | 8,980 |
| 88 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.42% | 16,566 |
| 89 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.41% | 28,917 |
| 90 | Federated Hermes Inc | FHI | 314211103 | 0.41% | 53,656 |
| 91 | United States Lime & Minerals Inc | USLM | 911922102 | 0.41% | 21,239 |
| 92 | Morningstar Inc | MORN | 617700109 | 0.40% | 12,079 |
| 93 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.38% | 24,710 |
| 94 | Paycom Software Inc | PAYC | 70432V102 | 0.38% | 14,956 |
| 95 | Blue Bird Corp | BLBD | 095306106 | 0.37% | 45,549 |
| 96 | Deckers Outdoor Corp | DECK | 243537107 | 0.37% | 27,653 |
| 97 | Dolby Laboratories Inc | DLB | 25659T107 | 0.37% | 35,514 |
| 98 | Sezzle Inc | SEZL | 78435P105 | 0.37% | 42,161 |
| 99 | DoorDash Inc | DASH | 25809K105 | 0.36% | 11,893 |
| 100 | Docusign Inc | DOCU | 256163106 | 0.33% | 30,963 |
| 101 | ExlService Holdings Inc | EXLS | 302081104 | 0.32% | 51,511 |
| 102 | Strategic Education Inc | STRA | 86272C103 | 0.30% | 25,165 |
| 103 | Zillow Group Inc | Z | 98954M200 | 0.30% | 26,200 |
| 104 | Chewy Inc | CHWY | 16679L109 | 0.29% | 55,088 |
| 105 | Palo Alto Networks Inc | PANW | 697435105 | 0.29% | 10,038 |
| 106 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.25% | 53,932 |
| 107 | Parker-Hannifin Corp | PH | 701094104 | 0.24% | 1,822 |
| 108 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.22% | 6,303 |
| 109 | Appfolio Inc | APPF | 03783C100 | 0.19% | 5,330 |
| 110 | Carlisle Cos Inc | CSL | 142339100 | 0.18% | 3,713 |
| 111 | Lantheus Holdings Inc | LNTH | 516544103 | 0.18% | 19,553 |
| 112 | T-Mobile US Inc | TMUS | 872590104 | 0.18% | 5,522 |
| 113 | Toast Inc | TOST | 888787108 | 0.18% | 34,438 |
| 114 | Ubiquiti Inc | UI | 90353W103 | 0.18% | 1,971 |
| 115 | Pinterest Inc | PINS | 72352L106 | 0.16% | 40,468 |
| 116 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.15% | 1,544 |
| 117 | Dave Inc | DAVE | 23834J201 | 0.13% | 3,897 |
| 118 | Doximity Inc | DOCS | 26622P107 | 0.13% | 15,851 |
| 119 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,715 |
| 120 | Fox Corp | FOXA | 35137L105 | 0.11% | 10,643 |
| 121 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,379 |
| 122 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.07% | 458,091 |
| 123 | Cash & Other | Cash&Other | Cash&Other | 0.02% | 112,065 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 30.49% |
| 1 | Financials | 14.41% |
| 2 | Industrials | 11.3% |
| 3 | Consumer Discretionary | 11.06% |
| 4 | Health Care | 10.46% |
| 5 | Communication Services | 8.86% |
| 6 | Consumer Staples | 6.18% |
| 7 | Materials | 2.64% |
| 8 | Energy | 2.09% |
| 9 | Utilities | 1.36% |
| 10 | Real Estate | 1.07% |
| 11 | Money Market Deposit Account | 0.08% |
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 |
