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.
01/02/2026
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 | 2.96% | 60,555 |
| 1 | Walmart Inc | WMT | 931142103 | 2.84% | 163,236 |
| 2 | Broadcom Inc | AVGO | 11135F101 | 2.79% | 52,612 |
| 3 | Eli Lilly & Co | LLY | 532457108 | 2.74% | 17,042 |
| 4 | Visa Inc | V | 92826C839 | 2.44% | 44,647 |
| 5 | Apple Inc | AAPL | 037833100 | 2.25% | 54,700 |
| 6 | Johnson & Johnson | JNJ | 478160104 | 2.24% | 71,070 |
| 7 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.15% | 42,013 |
| 8 | Meta Platforms Inc | META | 30303M102 | 2.11% | 20,792 |
| 9 | AbbVie Inc | ABBV | 00287Y109 | 2.04% | 60,200 |
| 10 | NVIDIA Corp | NVDA | 67066G104 | 2.00% | 69,001 |
| 11 | Amazon.com Inc | AMZN | 023135106 | 1.97% | 54,843 |
| 12 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.96% | 25,484 |
| 13 | Mastercard Inc | MA | 57636Q104 | 1.86% | 21,202 |
| 14 | Lam Research Corp | LRCX | 512807306 | 1.82% | 60,519 |
| 15 | Microsoft Corp | MSFT | 594918104 | 1.82% | 24,985 |
| 16 | Costco Wholesale Corp | COST | 22160K105 | 1.80% | 13,325 |
| 17 | Home Depot Inc/The | HD | 437076102 | 1.63% | 30,778 |
| 18 | Oracle Corp | ORCL | 68389X105 | 1.59% | 53,542 |
| 19 | Caterpillar Inc | CAT | 149123101 | 1.38% | 14,543 |
| 20 | Gilead Sciences Inc | GILD | 375558103 | 1.25% | 68,318 |
| 21 | Fortinet Inc | FTNT | 34959E109 | 1.21% | 100,958 |
| 22 | Booking Holdings Inc | BKNG | 09857L108 | 1.14% | 1,374 |
| 23 | TJX Cos Inc/The | TJX | 872540109 | 1.09% | 45,885 |
| 24 | Robinhood Markets Inc | HOOD | 770700102 | 1.06% | 55,948 |
| 25 | Exxon Mobil Corp | XOM | 30231G102 | 1.05% | 54,294 |
| 26 | ServiceNow Inc | NOW | 81762P102 | 1.03% | 45,335 |
| 27 | Salesforce Inc | CRM | 79466L302 | 1.02% | 25,726 |
| 28 | Moody's Corp | MCO | 615369105 | 1.00% | 12,265 |
| 29 | Autodesk Inc | ADSK | 052769106 | 0.99% | 22,187 |
| 30 | TransDigm Group Inc | TDG | 893641100 | 0.94% | 4,438 |
| 31 | Ecolab Inc | ECL | 278865100 | 0.91% | 22,461 |
| 32 | Illinois Tool Works Inc | ITW | 452308109 | 0.91% | 23,557 |
| 33 | Adobe Inc | ADBE | 00724F101 | 0.90% | 17,672 |
| 34 | Colgate-Palmolive Co | CL | 194162103 | 0.88% | 74,537 |
| 35 | Sherwin-Williams Co/The | SHW | 824348106 | 0.88% | 17,114 |
| 36 | Automatic Data Processing Inc | ADP | 053015103 | 0.82% | 20,668 |
| 37 | Altria Group Inc | MO | 02209S103 | 0.82% | 94,380 |
| 38 | Motorola Solutions Inc | MSI | 620076307 | 0.81% | 13,766 |
| 39 | Progressive Corp/The | PGR | 743315103 | 0.81% | 24,742 |
| 40 | Twilio Inc | TWLO | 90138F102 | 0.80% | 38,264 |
| 41 | Onto Innovation Inc | ONTO | 683344105 | 0.79% | 28,797 |
| 42 | Uber Technologies Inc | UBER | 90353T100 | 0.79% | 63,052 |
| 43 | InterDigital Inc | IDCC | 45867G101 | 0.76% | 14,689 |
| 44 | Laureate Education Inc | LAUR | 518613203 | 0.76% | 144,319 |
| 45 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.74% | 27,363 |
| 46 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.74% | 17,209 |
| 47 | Constellation Energy Corp | CEG | 21037T109 | 0.72% | 13,189 |
| 48 | Comfort Systems USA Inc | FIX | 199908104 | 0.71% | 4,434 |
| 49 | REV Group Inc | REVG | 749527107 | 0.71% | 72,493 |
| 50 | Fair Isaac Corp | FICO | 303250104 | 0.70% | 2,761 |
| 51 | Netflix Inc | NFLX | 64110L106 | 0.70% | 49,650 |
| 52 | Sterling Infrastructure Inc | STRL | 859241101 | 0.68% | 13,381 |
| 53 | Cargurus Inc | CARG | 141788109 | 0.67% | 114,880 |
| 54 | Exelixis Inc | EXEL | 30161Q104 | 0.67% | 102,236 |
| 55 | Reddit Inc | RDDT | 75734B100 | 0.67% | 17,863 |
| 56 | TechnipFMC PLC | FTI | G87110105 | 0.64% | 86,504 |
| 57 | Abercrombie & Fitch Co | ANF | 002896207 | 0.62% | 32,415 |
| 58 | IES Holdings Inc | IESC | 44951W106 | 0.62% | 9,406 |
| 59 | AppLovin Corp | APP | 03831W108 | 0.61% | 6,289 |
| 60 | Cintas Corp | CTAS | 172908105 | 0.61% | 21,219 |
| 61 | Incyte Corp | INCY | 45337C102 | 0.59% | 37,331 |
| 62 | Clear Secure Inc | YOU | 18467V109 | 0.59% | 107,774 |
| 63 | Pegasystems Inc | PEGA | 705573103 | 0.58% | 64,440 |
| 64 | Royal Gold Inc | RGLD | 780287108 | 0.58% | 16,392 |
| 65 | Zoetis Inc | ZTS | 98978V103 | 0.58% | 29,192 |
| 66 | Electronic Arts Inc | EA | 285512109 | 0.57% | 18,227 |
| 67 | New York Times Co/The | NYT | 650111107 | 0.57% | 52,747 |
| 68 | ADMA Biologics Inc | ADMA | 000899104 | 0.55% | 197,126 |
| 69 | Valmont Industries Inc | VMI | 920253101 | 0.54% | 8,336 |
| 70 | F5 Inc | FFIV | 315616102 | 0.52% | 12,421 |
| 71 | Rambus Inc | RMBS | 750917106 | 0.52% | 34,479 |
| 72 | International Seaways Inc | INSW | Y41053102 | 0.51% | 70,911 |
| 73 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.51% | 19,226 |
| 74 | Badger Meter Inc | BMI | 056525108 | 0.50% | 18,202 |
| 75 | HubSpot Inc | HUBS | 443573100 | 0.50% | 8,576 |
| 76 | SEI Investments Co | SEIC | 784117103 | 0.50% | 37,317 |
| 77 | Vistra Corp | VST | 92840M102 | 0.50% | 20,089 |
| 78 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.49% | 28,843 |
| 79 | Armstrong World Industries Inc | AWI | 04247X102 | 0.49% | 15,873 |
| 80 | Cirrus Logic Inc | CRUS | 172755100 | 0.49% | 26,864 |
| 81 | Palantir Technologies Inc | PLTR | 69608A108 | 0.49% | 18,347 |
| 82 | Crane Co | CR | 224408104 | 0.48% | 16,026 |
| 83 | Paymentus Holdings Inc | PAY | 70439P108 | 0.47% | 102,422 |
| 84 | Yelp Inc | YELP | 985817105 | 0.47% | 99,770 |
| 85 | Deckers Outdoor Corp | DECK | 243537107 | 0.46% | 27,582 |
| 86 | eBay Inc | EBAY | 278642103 | 0.46% | 33,134 |
| 87 | Intuit Inc | INTU | 461202103 | 0.46% | 4,727 |
| 88 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.46% | 16,524 |
| 89 | Sezzle Inc | SEZL | 78435P105 | 0.45% | 42,053 |
| 90 | Federated Hermes Inc | FHI | 314211103 | 0.44% | 53,519 |
| 91 | DoorDash Inc | DASH | 25809K105 | 0.41% | 11,863 |
| 92 | United States Lime & Minerals Inc | USLM | 911922102 | 0.41% | 21,185 |
| 93 | Morningstar Inc | MORN | 617700109 | 0.40% | 12,048 |
| 94 | Qualys Inc | QLYS | 74758T303 | 0.40% | 19,675 |
| 95 | Erie Indemnity Co | ERIE | 29530P102 | 0.39% | 8,957 |
| 96 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.37% | 24,647 |
| 97 | Dolby Laboratories Inc | DLB | 25659T107 | 0.35% | 35,423 |
| 98 | Paycom Software Inc | PAYC | 70432V102 | 0.35% | 14,918 |
| 99 | Blue Bird Corp | BLBD | 095306106 | 0.33% | 45,433 |
| 100 | ExlService Holdings Inc | EXLS | 302081104 | 0.33% | 51,379 |
| 101 | Strategic Education Inc | STRA | 86272C103 | 0.33% | 25,101 |
| 102 | Docusign Inc | DOCU | 256163106 | 0.31% | 30,884 |
| 103 | Palo Alto Networks Inc | PANW | 697435105 | 0.28% | 10,012 |
| 104 | Chewy Inc | CHWY | 16679L109 | 0.27% | 54,947 |
| 105 | Zillow Group Inc | Z | 98954M200 | 0.27% | 26,133 |
| 106 | Parker-Hannifin Corp | PH | 701094104 | 0.25% | 1,817 |
| 107 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.23% | 53,794 |
| 108 | Lantheus Holdings Inc | LNTH | 516544103 | 0.21% | 19,503 |
| 109 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.21% | 6,287 |
| 110 | Appfolio Inc | APPF | 03783C100 | 0.19% | 5,316 |
| 111 | Carlisle Cos Inc | CSL | 142339100 | 0.19% | 3,704 |
| 112 | Toast Inc | TOST | 888787108 | 0.18% | 34,350 |
| 113 | T-Mobile US Inc | TMUS | 872590104 | 0.17% | 5,508 |
| 114 | Ubiquiti Inc | UI | 90353W103 | 0.17% | 1,966 |
| 115 | Pinterest Inc | PINS | 72352L106 | 0.16% | 40,365 |
| 116 | Dave Inc | DAVE | 23834J201 | 0.14% | 3,887 |
| 117 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.14% | 1,540 |
| 118 | Airbnb Inc | ABNB | 009066101 | 0.12% | 5,700 |
| 119 | Fox Corp | FOXA | 35137L105 | 0.12% | 10,616 |
| 120 | Doximity Inc | DOCS | 26622P107 | 0.11% | 15,810 |
| 121 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,370 |
| 122 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.07% | 472,086 |
| 123 | Cash & Other | Cash&Other | Cash&Other | 0.06% | 401,029 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 28.91% |
| 1 | Financials | 14.52% |
| 2 | Health Care | 11.51% |
| 3 | Industrials | 11.19% |
| 4 | Consumer Discretionary | 10.84% |
| 5 | Communication Services | 9.15% |
| 6 | Consumer Staples | 6.48% |
| 7 | Materials | 2.79% |
| 8 | Energy | 2.17% |
| 9 | Utilities | 1.3% |
| 10 | Real Estate | 1.07% |
| 11 | Money Market Deposit Account | 0.07% |
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 |
