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.
11/03/2025
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 | 2.91% | 52,882 |
| 1 | Alphabet Inc | GOOGL | 02079K305 | 2.64% | 60,865 |
| 2 | Walmart Inc | WMT | 931142103 | 2.62% | 164,074 |
| 3 | Eli Lilly & Co | LLY | 532457108 | 2.43% | 17,130 |
| 4 | Visa Inc | V | 92826C839 | 2.39% | 44,875 |
| 5 | Apple Inc | AAPL | 037833100 | 2.32% | 54,980 |
| 6 | NVIDIA Corp | NVDA | 67066G104 | 2.16% | 69,355 |
| 7 | Amazon.com Inc | AMZN | 023135106 | 2.15% | 55,125 |
| 8 | Johnson & Johnson | JNJ | 478160104 | 2.09% | 71,434 |
| 9 | Oracle Corp | ORCL | 68389X105 | 2.09% | 53,816 |
| 10 | Meta Platforms Inc | META | 30303M102 | 2.05% | 20,898 |
| 11 | AbbVie Inc | ABBV | 00287Y109 | 2.04% | 60,508 |
| 12 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.04% | 42,229 |
| 13 | Microsoft Corp | MSFT | 594918104 | 2.02% | 25,113 |
| 14 | Costco Wholesale Corp | COST | 22160K105 | 1.97% | 13,393 |
| 15 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.95% | 25,614 |
| 16 | Home Depot Inc/The | HD | 437076102 | 1.85% | 30,936 |
| 17 | Mastercard Inc | MA | 57636Q104 | 1.84% | 21,310 |
| 18 | Lam Research Corp | LRCX | 512807306 | 1.48% | 60,829 |
| 19 | Fortinet Inc | FTNT | 34959E109 | 1.35% | 101,476 |
| 20 | Gilead Sciences Inc | GILD | 375558103 | 1.32% | 68,668 |
| 21 | ServiceNow Inc | NOW | 81762P102 | 1.27% | 9,113 |
| 22 | Caterpillar Inc | CAT | 149123101 | 1.25% | 14,617 |
| 23 | Robinhood Markets Inc | HOOD | 770700102 | 1.20% | 56,234 |
| 24 | Booking Holdings Inc | BKNG | 09857L108 | 1.08% | 1,382 |
| 25 | Autodesk Inc | ADSK | 052769106 | 1.05% | 22,301 |
| 26 | Salesforce Inc | CRM | 79466L302 | 1.03% | 25,858 |
| 27 | TJX Cos Inc/The | TJX | 872540109 | 1.02% | 46,121 |
| 28 | Exxon Mobil Corp | XOM | 30231G102 | 0.97% | 54,572 |
| 29 | Moody's Corp | MCO | 615369105 | 0.94% | 12,327 |
| 30 | Uber Technologies Inc | UBER | 90353T100 | 0.94% | 63,376 |
| 31 | Adobe Inc | ADBE | 00724F101 | 0.93% | 17,762 |
| 32 | Sherwin-Williams Co/The | SHW | 824348106 | 0.92% | 17,202 |
| 33 | Ecolab Inc | ECL | 278865100 | 0.91% | 22,577 |
| 34 | Illinois Tool Works Inc | ITW | 452308109 | 0.91% | 23,677 |
| 35 | Colgate-Palmolive Co | CL | 194162103 | 0.90% | 74,919 |
| 36 | TransDigm Group Inc | TDG | 893641100 | 0.90% | 4,460 |
| 37 | InterDigital Inc | IDCC | 45867G101 | 0.88% | 14,765 |
| 38 | Altria Group Inc | MO | 02209S103 | 0.85% | 94,864 |
| 39 | Motorola Solutions Inc | MSI | 620076307 | 0.85% | 13,836 |
| 40 | Netflix Inc | NFLX | 64110L106 | 0.85% | 4,991 |
| 41 | Automatic Data Processing Inc | ADP | 053015103 | 0.84% | 20,774 |
| 42 | Progressive Corp/The | PGR | 743315103 | 0.82% | 24,868 |
| 43 | Sterling Infrastructure Inc | STRL | 859241101 | 0.80% | 13,449 |
| 44 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.78% | 27,503 |
| 45 | Twilio Inc | TWLO | 90138F102 | 0.78% | 38,460 |
| 46 | Constellation Energy Corp | CEG | 21037T109 | 0.75% | 13,257 |
| 47 | Fair Isaac Corp | FICO | 303250104 | 0.70% | 2,775 |
| 48 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.70% | 17,297 |
| 49 | Comfort Systems USA Inc | FIX | 199908104 | 0.67% | 4,456 |
| 50 | Laureate Education Inc | LAUR | 518613203 | 0.67% | 145,059 |
| 51 | HubSpot Inc | HUBS | 443573100 | 0.64% | 8,620 |
| 52 | Pegasystems Inc | PEGA | 705573103 | 0.62% | 64,770 |
| 53 | Cargurus Inc | CARG | 141788109 | 0.61% | 115,470 |
| 54 | Cintas Corp | CTAS | 172908105 | 0.61% | 21,327 |
| 55 | Exelixis Inc | EXEL | 30161Q104 | 0.61% | 102,760 |
| 56 | AppLovin Corp | APP | 03831W108 | 0.60% | 6,321 |
| 57 | Incyte Corp | INCY | 45337C102 | 0.60% | 37,523 |
| 58 | REV Group Inc | REVG | 749527107 | 0.60% | 72,865 |
| 59 | Vistra Corp | VST | 92840M102 | 0.59% | 20,193 |
| 60 | Electronic Arts Inc | EA | 285512109 | 0.58% | 18,321 |
| 61 | Onto Innovation Inc | ONTO | 683344105 | 0.58% | 28,945 |
| 62 | Paymentus Holdings Inc | PAY | 70439P108 | 0.58% | 102,948 |
| 63 | TechnipFMC PLC | FTI | G87110105 | 0.57% | 86,948 |
| 64 | IES Holdings Inc | IESC | 44951W106 | 0.57% | 9,454 |
| 65 | Zoetis Inc | ZTS | 98978V103 | 0.57% | 29,342 |
| 66 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.56% | 19,324 |
| 67 | Cirrus Logic Inc | CRUS | 172755100 | 0.55% | 27,002 |
| 68 | International Seaways Inc | INSW | Y41053102 | 0.55% | 71,275 |
| 69 | Palantir Technologies Inc | PLTR | 69608A108 | 0.55% | 18,441 |
| 70 | Rambus Inc | RMBS | 750917106 | 0.54% | 34,655 |
| 71 | Reddit Inc | RDDT | 75734B100 | 0.53% | 17,955 |
| 72 | Valmont Industries Inc | VMI | 920253101 | 0.53% | 8,378 |
| 73 | Badger Meter Inc | BMI | 056525108 | 0.52% | 18,296 |
| 74 | Clear Secure Inc | YOU | 18467V109 | 0.52% | 108,326 |
| 75 | Intuit Inc | INTU | 461202103 | 0.49% | 4,751 |
| 76 | Yelp Inc | YELP | 985817105 | 0.49% | 100,282 |
| 77 | New York Times Co/The | NYT | 650111107 | 0.48% | 53,017 |
| 78 | SEI Investments Co | SEIC | 784117103 | 0.48% | 37,509 |
| 79 | Armstrong World Industries Inc | AWI | 04247X102 | 0.47% | 15,955 |
| 80 | Crane Co | CR | 224408104 | 0.47% | 16,108 |
| 81 | F5 Inc | FFIV | 315616102 | 0.47% | 12,485 |
| 82 | ADMA Biologics Inc | ADMA | 000899104 | 0.45% | 198,136 |
| 83 | DoorDash Inc | DASH | 25809K105 | 0.45% | 11,923 |
| 84 | Royal Gold Inc | RGLD | 780287108 | 0.44% | 16,476 |
| 85 | eBay Inc | EBAY | 278642103 | 0.43% | 33,304 |
| 86 | Paycom Software Inc | PAYC | 70432V102 | 0.43% | 14,994 |
| 87 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.42% | 28,991 |
| 88 | Federated Hermes Inc | FHI | 314211103 | 0.42% | 53,793 |
| 89 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.42% | 16,608 |
| 90 | Erie Indemnity Co | ERIE | 29530P102 | 0.41% | 9,003 |
| 91 | Sezzle Inc | SEZL | 78435P105 | 0.41% | 42,269 |
| 92 | Morningstar Inc | MORN | 617700109 | 0.40% | 12,110 |
| 93 | Qualys Inc | QLYS | 74758T303 | 0.37% | 19,775 |
| 94 | United States Lime & Minerals Inc | USLM | 911922102 | 0.37% | 21,293 |
| 95 | Blue Bird Corp | BLBD | 095306106 | 0.36% | 45,665 |
| 96 | Dolby Laboratories Inc | DLB | 25659T107 | 0.36% | 35,605 |
| 97 | Abercrombie & Fitch Co | ANF | 002896207 | 0.35% | 32,581 |
| 98 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.35% | 24,773 |
| 99 | Deckers Outdoor Corp | DECK | 243537107 | 0.34% | 27,724 |
| 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 | 0.23% | 54,070 |
| 107 | Ubiquiti Inc | UI | 90353W103 | 0.23% | 1,976 |
| 108 | Appfolio Inc | APPF | 03783C100 | 0.22% | 5,344 |
| 109 | Parker-Hannifin Corp | PH | 701094104 | 0.22% | 1,827 |
| 110 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.22% | 6,319 |
| 111 | Pinterest Inc | PINS | 72352L106 | 0.21% | 40,571 |
| 112 | Carlisle Cos Inc | CSL | 142339100 | 0.19% | 3,722 |
| 113 | Toast Inc | TOST | 888787108 | 0.19% | 34,526 |
| 114 | Lantheus Holdings Inc | LNTH | 516544103 | 0.18% | 19,603 |
| 115 | T-Mobile US Inc | TMUS | 872590104 | 0.18% | 5,536 |
| 116 | Doximity Inc | DOCS | 26622P107 | 0.16% | 15,892 |
| 117 | Dave Inc | DAVE | 23834J201 | 0.14% | 3,907 |
| 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% | 498,049 |
| 123 | Cash & Other | Cash&Other | Cash&Other | -0.02% | -110,746 |
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 |
