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.
01/23/2026
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 12/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | 0.01% | 0.01% |
| 2 | 3 Month | -0.45% | -0.50% |
| 3 | Year To Date | 13.20% | 13.18% |
| 4 | Since Inception* | 208.81% | 208.89% |
| 5 | Average Annual | ||
| 6 | 1 Year | 13.20% | 13.18% |
| 7 | 3 Year | 17.62% | 17.67% |
| 8 | 5 Year | 14.86% | 14.87% |
| 9 | 10 Year | 11.70% | 11.69% |
| 10 | Since Inception* | 9.90% | 9.90% |
| index | Quarter End Performance (As of 12/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | -0.45% | -0.50% |
| 2 | Year To Date | 13.20% | 13.18% |
| 3 | Since Inception* | 208.81% | 208.89% |
| 4 | Average Annual | ||
| 5 | 1 Year | 13.20% | 13.18% |
| 6 | 3 Year | 17.62% | 17.67% |
| 7 | 5 Year | 14.86% | 14.87% |
| 8 | 10 Year | 11.70% | 11.69% |
| 9 | Since Inception* | 9.90% | 9.90% |
*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 | Alphabet Inc | GOOGL | 02079K305 | 3.06% | 59,315 |
| 1 | Walmart Inc | WMT | 931142103 | 2.97% | 159,884 |
| 2 | Eli Lilly & Co | LLY | 532457108 | 2.80% | 16,690 |
| 3 | Broadcom Inc | AVGO | 11135F101 | 2.60% | 51,532 |
| 4 | Johnson & Johnson | JNJ | 478160104 | 2.41% | 69,614 |
| 5 | Visa Inc | V | 92826C839 | 2.25% | 43,735 |
| 6 | Meta Platforms Inc | META | 30303M102 | 2.11% | 20,368 |
| 7 | Apple Inc | AAPL | 037833100 | 2.09% | 53,580 |
| 8 | AbbVie Inc | ABBV | 00287Y109 | 2.04% | 58,968 |
| 9 | Lam Research Corp | LRCX | 512807306 | 2.04% | 59,279 |
| 10 | Amazon.com Inc | AMZN | 023135106 | 2.02% | 53,715 |
| 11 | Costco Wholesale Corp | COST | 22160K105 | 2.02% | 13,053 |
| 12 | NVIDIA Corp | NVDA | 67066G104 | 2.00% | 67,585 |
| 13 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 1.93% | 41,149 |
| 14 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.88% | 24,964 |
| 15 | Home Depot Inc/The | HD | 437076102 | 1.82% | 30,146 |
| 16 | Microsoft Corp | MSFT | 594918104 | 1.80% | 24,473 |
| 17 | Mastercard Inc | MA | 57636Q104 | 1.72% | 20,770 |
| 18 | Oracle Corp | ORCL | 68389X105 | 1.46% | 52,446 |
| 19 | Gilead Sciences Inc | GILD | 375558103 | 1.43% | 66,918 |
| 20 | Caterpillar Inc | CAT | 149123101 | 1.41% | 14,247 |
| 21 | Fortinet Inc | FTNT | 34959E109 | 1.27% | 98,886 |
| 22 | Exxon Mobil Corp | XOM | 30231G102 | 1.13% | 53,182 |
| 23 | TJX Cos Inc/The | TJX | 872540109 | 1.09% | 44,941 |
| 24 | Booking Holdings Inc | BKNG | 09857L108 | 1.08% | 1,342 |
| 25 | Colgate-Palmolive Co | CL | 194162103 | 1.00% | 73,009 |
| 26 | Moody's Corp | MCO | 615369105 | 0.99% | 12,017 |
| 27 | Ecolab Inc | ECL | 278865100 | 0.98% | 21,997 |
| 28 | TransDigm Group Inc | TDG | 893641100 | 0.97% | 4,350 |
| 29 | Illinois Tool Works Inc | ITW | 452308109 | 0.94% | 23,077 |
| 30 | Onto Innovation Inc | ONTO | 683344105 | 0.94% | 28,205 |
| 31 | ServiceNow Inc | NOW | 81762P102 | 0.93% | 44,415 |
| 32 | Autodesk Inc | ADSK | 052769106 | 0.92% | 21,731 |
| 33 | Robinhood Markets Inc | HOOD | 770700102 | 0.92% | 54,804 |
| 34 | Sherwin-Williams Co/The | SHW | 824348106 | 0.92% | 16,762 |
| 35 | Salesforce Inc | CRM | 79466L302 | 0.91% | 25,198 |
| 36 | Altria Group Inc | MO | 02209S103 | 0.90% | 92,444 |
| 37 | Motorola Solutions Inc | MSI | 620076307 | 0.85% | 13,486 |
| 38 | Adobe Inc | ADBE | 00724F101 | 0.82% | 17,312 |
| 39 | Automatic Data Processing Inc | ADP | 053015103 | 0.82% | 20,244 |
| 40 | Uber Technologies Inc | UBER | 90353T100 | 0.80% | 61,756 |
| 41 | Progressive Corp/The | PGR | 743315103 | 0.79% | 24,238 |
| 42 | Comfort Systems USA Inc | FIX | 199908104 | 0.77% | 4,346 |
| 43 | Laureate Education Inc | LAUR | 518613203 | 0.77% | 141,359 |
| 44 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.76% | 16,857 |
| 45 | Twilio Inc | TWLO | 90138F102 | 0.76% | 37,480 |
| 46 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.75% | 26,803 |
| 47 | InterDigital Inc | IDCC | 45867G101 | 0.75% | 14,385 |
| 48 | REV Group Inc | REVG | 749527107 | 0.75% | 71,005 |
| 49 | Royal Gold Inc | RGLD | 780287108 | 0.74% | 16,056 |
| 50 | Sterling Infrastructure Inc | STRL | 859241101 | 0.73% | 13,109 |
| 51 | TechnipFMC PLC | FTI | G87110105 | 0.72% | 84,728 |
| 52 | Exelixis Inc | EXEL | 30161Q104 | 0.70% | 100,140 |
| 53 | IES Holdings Inc | IESC | 44951W106 | 0.67% | 9,214 |
| 54 | Fair Isaac Corp | FICO | 303250104 | 0.66% | 2,705 |
| 55 | Netflix Inc | NFLX | 64110L106 | 0.66% | 48,610 |
| 56 | Cintas Corp | CTAS | 172908105 | 0.63% | 20,787 |
| 57 | International Seaways Inc | INSW | Y41053102 | 0.63% | 69,455 |
| 58 | Rambus Inc | RMBS | 750917106 | 0.61% | 33,775 |
| 59 | Cargurus Inc | CARG | 141788109 | 0.60% | 112,520 |
| 60 | Reddit Inc | RDDT | 75734B100 | 0.60% | 17,495 |
| 61 | Constellation Energy Corp | CEG | 21037T109 | 0.59% | 12,917 |
| 62 | Incyte Corp | INCY | 45337C102 | 0.59% | 36,563 |
| 63 | New York Times Co/The | NYT | 650111107 | 0.59% | 51,667 |
| 64 | Clear Secure Inc | YOU | 18467V109 | 0.59% | 105,566 |
| 65 | Electronic Arts Inc | EA | 285512109 | 0.57% | 17,851 |
| 66 | Valmont Industries Inc | VMI | 920253101 | 0.57% | 8,168 |
| 67 | Zoetis Inc | ZTS | 98978V103 | 0.56% | 28,592 |
| 68 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.54% | 28,251 |
| 69 | Cirrus Logic Inc | CRUS | 172755100 | 0.53% | 26,312 |
| 70 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.53% | 18,834 |
| 71 | ADMA Biologics Inc | ADMA | 000899104 | 0.51% | 193,086 |
| 72 | AppLovin Corp | APP | 03831W108 | 0.51% | 6,161 |
| 73 | Crane Co | CR | 224408104 | 0.51% | 15,698 |
| 74 | F5 Inc | FFIV | 315616102 | 0.50% | 12,165 |
| 75 | Pegasystems Inc | PEGA | 705573103 | 0.50% | 63,120 |
| 76 | Vistra Corp | VST | 92840M102 | 0.50% | 19,673 |
| 77 | SEI Investments Co | SEIC | 784117103 | 0.49% | 36,549 |
| 78 | Abercrombie & Fitch Co | ANF | 002896207 | 0.48% | 31,751 |
| 79 | Badger Meter Inc | BMI | 056525108 | 0.48% | 17,826 |
| 80 | eBay Inc | EBAY | 278642103 | 0.48% | 32,454 |
| 81 | Palantir Technologies Inc | PLTR | 69608A108 | 0.48% | 17,971 |
| 82 | Paymentus Holdings Inc | PAY | 70439P108 | 0.47% | 100,318 |
| 83 | Armstrong World Industries Inc | AWI | 04247X102 | 0.46% | 15,545 |
| 84 | Federated Hermes Inc | FHI | 314211103 | 0.44% | 52,423 |
| 85 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.44% | 16,188 |
| 86 | Sezzle Inc | SEZL | 78435P105 | 0.44% | 41,189 |
| 87 | Yelp Inc | YELP | 985817105 | 0.44% | 97,722 |
| 88 | Deckers Outdoor Corp | DECK | 243537107 | 0.43% | 27,014 |
| 89 | HubSpot Inc | HUBS | 443573100 | 0.43% | 8,400 |
| 90 | United States Lime & Minerals Inc | USLM | 911922102 | 0.42% | 20,753 |
| 91 | Intuit Inc | INTU | 461202103 | 0.41% | 4,631 |
| 92 | Morningstar Inc | MORN | 617700109 | 0.39% | 11,800 |
| 93 | Qualys Inc | QLYS | 74758T303 | 0.39% | 19,275 |
| 94 | DoorDash Inc | DASH | 25809K105 | 0.38% | 11,623 |
| 95 | Erie Indemnity Co | ERIE | 29530P102 | 0.38% | 8,773 |
| 96 | Blue Bird Corp | BLBD | 095306106 | 0.35% | 44,505 |
| 97 | Paycom Software Inc | PAYC | 70432V102 | 0.35% | 14,614 |
| 98 | Dolby Laboratories Inc | DLB | 25659T107 | 0.34% | 34,695 |
| 99 | ExlService Holdings Inc | EXLS | 302081104 | 0.34% | 50,323 |
| 100 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.34% | 24,143 |
| 101 | Strategic Education Inc | STRA | 86272C103 | 0.33% | 24,589 |
| 102 | Palo Alto Networks Inc | PANW | 697435105 | 0.28% | 9,804 |
| 103 | Chewy Inc | CHWY | 16679L109 | 0.27% | 53,819 |
| 104 | Docusign Inc | DOCU | 256163106 | 0.27% | 30,252 |
| 105 | Zillow Group Inc | Z | 98954M200 | 0.27% | 25,597 |
| 106 | Parker-Hannifin Corp | PH | 701094104 | 0.26% | 1,777 |
| 107 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.21% | 52,690 |
| 108 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.21% | 6,159 |
| 109 | Carlisle Cos Inc | CSL | 142339100 | 0.20% | 3,632 |
| 110 | Lantheus Holdings Inc | LNTH | 516544103 | 0.20% | 19,103 |
| 111 | Appfolio Inc | APPF | 03783C100 | 0.18% | 5,204 |
| 112 | Toast Inc | TOST | 888787108 | 0.18% | 33,646 |
| 113 | Ubiquiti Inc | UI | 90353W103 | 0.17% | 1,926 |
| 114 | Pinterest Inc | PINS | 72352L106 | 0.16% | 39,541 |
| 115 | T-Mobile US Inc | TMUS | 872590104 | 0.16% | 5,396 |
| 116 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.14% | 1,508 |
| 117 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.13% | 825,588 |
| 118 | Airbnb Inc | ABNB | 009066101 | 0.12% | 5,580 |
| 119 | Fox Corp | FOXA | 35137L105 | 0.12% | 10,400 |
| 120 | Dave Inc | DAVE | 23834J201 | 0.11% | 3,807 |
| 121 | Doximity Inc | DOCS | 26622P107 | 0.10% | 15,482 |
| 122 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,298 |
| 123 | Cash & Other | Cash&Other | Cash&Other | 0.01% | 93,181 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 28.83% |
| 1 | Financials | 14.65% |
| 2 | Health Care | 11.41% |
| 3 | Consumer Discretionary | 11.33% |
| 4 | Industrials | 11.03% |
| 5 | Communication Services | 9.19% |
| 6 | Consumer Staples | 6.37% |
| 7 | Materials | 2.73% |
| 8 | Energy | 2.15% |
| 9 | Utilities | 1.23% |
| 10 | Real Estate | 1.02% |
| 11 | Money Market Deposit Account | 0.06% |
As of DATE
As of DATE
| index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
|---|---|---|---|---|---|
| 0 | 12/17/2025 | 0.048700570 | |||
| 1 | 09/17/2025 | 0.134207430 | |||
| 2 | 06/17/2025 | 0.063574490 | |||
| 3 | 03/18/2025 | 0.065019720 | |||
| 4 | 12/17/2024 | 0.253758710 | |||
| 5 | 09/17/2024 | 0.019708230 | |||
| 6 | 06/11/2024 | 0.133350840 | |||
| 7 | 03/12/2024 | 0.087451510 | |||
| 8 | 12/15/2023 | 0.308894140 | |||
| 9 | 09/12/2023 | 0.003221910 | |||
| 10 | 06/13/2023 | 0.160954190 | |||
| 11 | 03/14/2023 | 0.1131668 | |||
| 12 | 12/16/2022 | 0.38876403 | |||
| 13 | 09/13/2022 | 0.01002448 | |||
| 14 | 06/14/2022 | 0.15395516 | |||
| 15 | 03/15/2022 | 0.10121481 | |||
| 16 | 12/17/2021 | 0.33335153 | |||
| 17 | 09/14/2021 | 0.01343585 | |||
| 18 | 06/15/2021 | 0.11549275 | |||
| 19 | 03/16/2021 | 0.07891059 | |||
| 20 | 12/18/2020 | 0.26098731 | |||
| 21 | 09/15/2020 | 0.01178418 | |||
| 22 | 06/16/2020 | 0.11193304 | |||
| 23 | 03/17/2020 | 0.07918688 | |||
| 24 | 12/19/2019 | 0.25784953 | |||
| 25 | 09/17/2019 | 0.02308849 | |||
| 26 | 06/18/2019 | 0.1327283 | |||
| 27 | 03/19/2019 | 0.11971005 | |||
| 28 | 12/19/2018 | 0.22649181 | |||
| 29 | 09/18/2018 | 0.01714441 | |||
| 30 | 06/19/2018 | 0.10338587 | |||
| 31 | 03/20/2018 | 0.08644061 | |||
| 32 | 12/21/2017 | 0.21249523 | |||
| 33 | 09/19/2017 | 0.0223068 | |||
| 34 | 06/13/2017 | 0.08469624 | |||
| 35 | 03/14/2017 | 0.06883529 | |||
| 36 | 12/23/2016 | 0.1075908 | |||
| 37 | 09/13/2016 | 0.01296064 | |||
| 38 | 06/14/2016 | 0.10002478 | |||
| 39 | 03/15/2016 | 0.1416389 | |||
| 40 | 12/29/2015 | 0.19800834 | |||
| 41 | 09/22/2015 | 0.02405747 | |||
| 42 | 06/16/2015 | 0.10630864 | |||
| 43 | 03/17/2015 | 0.10128952 | |||
| 44 | 12/16/2014 | 0.12639314 | 0.00094 | NULL | |
| 45 | 09/16/2014 | 0.09380128 | |||
| 46 | 06/17/2014 | 0.08583121 | |||
| 47 | 03/18/2014 | 0.03931572 |
