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.
09/03/2025
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 08/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | 1.69% | 1.61% |
| 2 | 3 Month | 6.61% | 6.37% |
| 3 | Year To Date | 10.29% | 10.11% |
| 4 | Since Inception* | 200.87% | 200.50% |
| 5 | Average Annual | ||
| 6 | 1 Year | 16.01% | 15.90% |
| 7 | 3 Year | 17.56% | 17.51% |
| 8 | 5 Year | 17.91% | 17.84% |
| 9 | 10 Year | 11.25% | 11.22% |
| 10 | Since Inception* | 9.95% | 9.94% |
| index | Quarter End Performance (As of 06/30/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 11.21% | 11.31% |
| 2 | Year To Date | 7.54% | 7.66% |
| 3 | Since Inception* | 193.37% | 193.81% |
| 4 | Average Annual | ||
| 5 | 1 Year | 17.00% | 17.17% |
| 6 | 3 Year | 18.73% | 18.81% |
| 7 | 5 Year | 19.49% | 19.48% |
| 8 | 10 Year | 10.28% | 10.31% |
| 9 | Since Inception* | 9.87% | 9.88% |
*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 | Walmart Inc | WMT | 931142103 | 2.59% | 163,794 |
| 1 | Broadcom Inc | AVGO | 11135F101 | 2.54% | 52,801 |
| 2 | Visa Inc | V | 92826C839 | 2.50% | 44,797 |
| 3 | Meta Platforms Inc | META | 30303M102 | 2.44% | 20,862 |
| 4 | Alphabet Inc | GOOGL | 02079K305 | 2.23% | 60,755 |
| 5 | Apple Inc | AAPL | 037833100 | 2.08% | 54,886 |
| 6 | Berkshire Hathaway Inc | BRK/B | 084670702 | 2.04% | 25,569 |
| 7 | AbbVie Inc | ABBV | 00287Y109 | 2.03% | 60,402 |
| 8 | Costco Wholesale Corp | COST | 22160K105 | 2.02% | 13,370 |
| 9 | Johnson & Johnson | JNJ | 478160104 | 2.02% | 71,309 |
| 10 | Microsoft Corp | MSFT | 594918104 | 2.01% | 25,071 |
| 11 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.00% | 42,152 |
| 12 | Eli Lilly & Co | LLY | 532457108 | 2.00% | 17,099 |
| 13 | Mastercard Inc | MA | 57636Q104 | 2.00% | 21,273 |
| 14 | Home Depot Inc/The | HD | 437076102 | 1.99% | 30,882 |
| 15 | Amazon.com Inc | AMZN | 023135106 | 1.97% | 55,025 |
| 16 | Oracle Corp | ORCL | 68389X105 | 1.91% | 53,736 |
| 17 | NVIDIA Corp | NVDA | 67066G104 | 1.88% | 69,246 |
| 18 | ServiceNow Inc | NOW | 81762P102 | 1.33% | 9,097 |
| 19 | Fortinet Inc | FTNT | 34959E109 | 1.23% | 101,299 |
| 20 | Gilead Sciences Inc | GILD | 375558103 | 1.23% | 68,548 |
| 21 | Booking Holdings Inc | BKNG | 09857L108 | 1.22% | 1,379 |
| 22 | Autodesk Inc | ADSK | 052769106 | 1.12% | 22,279 |
| 23 | Salesforce Inc | CRM | 79466L302 | 1.05% | 25,811 |
| 24 | Motorola Solutions Inc | MSI | 620076307 | 1.04% | 13,812 |
| 25 | TJX Cos Inc/The | TJX | 872540109 | 1.02% | 46,040 |
| 26 | Colgate-Palmolive Co | CL | 194162103 | 1.00% | 74,788 |
| 27 | Altria Group Inc | MO | 02209S103 | 1.00% | 94,698 |
| 28 | Sherwin-Williams Co/The | SHW | 824348106 | 0.99% | 17,172 |
| 29 | Adobe Inc | ADBE | 00724F101 | 0.98% | 17,731 |
| 30 | Automatic Data Processing Inc | ADP | 053015103 | 0.98% | 20,737 |
| 31 | Ecolab Inc | ECL | 278865100 | 0.98% | 22,537 |
| 32 | Illinois Tool Works Inc | ITW | 452308109 | 0.98% | 23,636 |
| 33 | Moody's Corp | MCO | 615369105 | 0.97% | 12,305 |
| 34 | Netflix Inc | NFLX | 64110L106 | 0.97% | 4,982 |
| 35 | Progressive Corp/The | PGR | 743315103 | 0.97% | 24,825 |
| 36 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.97% | 17,266 |
| 37 | Exxon Mobil Corp | XOM | 30231G102 | 0.97% | 54,464 |
| 38 | Caterpillar Inc | CAT | 149123101 | 0.96% | 14,592 |
| 39 | Lam Research Corp | LRCX | 512807306 | 0.94% | 60,748 |
| 40 | Uber Technologies Inc | UBER | 90353T100 | 0.93% | 63,275 |
| 41 | Robinhood Markets Inc | HOOD | 770700102 | 0.90% | 56,128 |
| 42 | TransDigm Group Inc | TDG | 893641100 | 0.90% | 4,453 |
| 43 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.86% | 27,451 |
| 44 | Zoetis Inc | ZTS | 98978V103 | 0.71% | 29,294 |
| 45 | Cintas Corp | CTAS | 172908105 | 0.70% | 21,290 |
| 46 | Fair Isaac Corp | FICO | 303250104 | 0.67% | 2,769 |
| 47 | InterDigital Inc | IDCC | 45867G101 | 0.67% | 14,739 |
| 48 | REV Group Inc | REVG | 749527107 | 0.67% | 72,738 |
| 49 | Cargurus Inc | CARG | 141788109 | 0.65% | 115,267 |
| 50 | Constellation Energy Corp | CEG | 21037T109 | 0.65% | 13,233 |
| 51 | HubSpot Inc | HUBS | 443573100 | 0.65% | 8,600 |
| 52 | Laureate Education Inc | LAUR | 518613203 | 0.64% | 144,805 |
| 53 | Reddit Inc | RDDT | 75734B100 | 0.64% | 17,924 |
| 54 | Twilio Inc | TWLO | 90138F102 | 0.64% | 38,393 |
| 55 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.63% | 19,301 |
| 56 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.62% | 28,940 |
| 57 | Paymentus Holdings Inc | PAY | 70439P108 | 0.62% | 102,768 |
| 58 | Clear Secure Inc | YOU | 18467V109 | 0.62% | 108,136 |
| 59 | F5 Inc | FFIV | 315616102 | 0.61% | 12,463 |
| 60 | Exelixis Inc | EXEL | 30161Q104 | 0.60% | 102,580 |
| 61 | Vistra Corp | VST | 92840M102 | 0.60% | 20,157 |
| 62 | Sezzle Inc | SEZL | 78435P105 | 0.59% | 42,181 |
| 63 | Sterling Infrastructure Inc | STRL | 859241101 | 0.58% | 13,426 |
| 64 | Pegasystems Inc | PEGA | 705573103 | 0.55% | 64,657 |
| 65 | Deckers Outdoor Corp | DECK | 243537107 | 0.54% | 27,675 |
| 66 | ADMA Biologics Inc | ADMA | 000899104 | 0.53% | 197,789 |
| 67 | Badger Meter Inc | BMI | 056525108 | 0.53% | 18,264 |
| 68 | TechnipFMC PLC | FTI | G87110105 | 0.53% | 86,807 |
| 69 | Paycom Software Inc | PAYC | 70432V102 | 0.53% | 14,968 |
| 70 | Incyte Corp | INCY | 45337C102 | 0.52% | 37,457 |
| 71 | International Seaways Inc | INSW | Y41053102 | 0.52% | 71,150 |
| 72 | SEI Investments Co | SEIC | 784117103 | 0.52% | 37,454 |
| 73 | IES Holdings Inc | IESC | 44951W106 | 0.51% | 9,438 |
| 74 | Intuit Inc | INTU | 461202103 | 0.50% | 4,745 |
| 75 | Yelp Inc | YELP | 985817105 | 0.50% | 100,106 |
| 76 | AppLovin Corp | APP | 03831W108 | 0.49% | 6,311 |
| 77 | Armstrong World Industries Inc | AWI | 04247X102 | 0.49% | 15,926 |
| 78 | Electronic Arts Inc | EA | 285512109 | 0.49% | 18,289 |
| 79 | Comfort Systems USA Inc | FIX | 199908104 | 0.49% | 4,448 |
| 80 | Morningstar Inc | MORN | 617700109 | 0.49% | 12,088 |
| 81 | New York Times Co/The | NYT | 650111107 | 0.49% | 52,924 |
| 82 | Valmont Industries Inc | VMI | 920253101 | 0.49% | 8,364 |
| 83 | Abercrombie & Fitch Co | ANF | 002896207 | 0.48% | 32,524 |
| 84 | Cirrus Logic Inc | CRUS | 172755100 | 0.48% | 26,954 |
| 85 | eBay Inc | EBAY | 278642103 | 0.48% | 33,246 |
| 86 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.48% | 16,579 |
| 87 | Crane Co | CR | 224408104 | 0.47% | 16,080 |
| 88 | DoorDash Inc | DASH | 25809K105 | 0.47% | 11,870 |
| 89 | Erie Indemnity Co | ERIE | 29530P102 | 0.47% | 8,988 |
| 90 | Onto Innovation Inc | ONTO | 683344105 | 0.47% | 28,837 |
| 91 | Royal Gold Inc | RGLD | 780287108 | 0.47% | 16,448 |
| 92 | Federated Hermes Inc | FHI | 314211103 | 0.45% | 53,699 |
| 93 | Palantir Technologies Inc | PLTR | 69608A108 | 0.45% | 18,407 |
| 94 | Qualys Inc | QLYS | 74758T303 | 0.43% | 19,740 |
| 95 | Blue Bird Corp | BLBD | 095306106 | 0.42% | 45,549 |
| 96 | Dolby Laboratories Inc | DLB | 25659T107 | 0.41% | 35,542 |
| 97 | United States Lime & Minerals Inc | USLM | 911922102 | 0.41% | 21,239 |
| 98 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.40% | 24,730 |
| 99 | Rambus Inc | RMBS | 750917106 | 0.40% | 34,595 |
| 100 | Docusign Inc | DOCU | 256163106 | 0.37% | 30,988 |
| 101 | Chewy Inc | CHWY | 16679L109 | 0.36% | 55,132 |
| 102 | ExlService Holdings Inc | EXLS | 302081104 | 0.36% | 51,552 |
| 103 | Zillow Group Inc | Z | 98954M200 | 0.35% | 26,221 |
| 104 | Strategic Education Inc | STRA | 86272C103 | 0.33% | 25,185 |
| 105 | Palo Alto Networks Inc | PANW | 697435105 | 0.31% | 10,047 |
| 106 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.27% | 6,308 |
| 107 | Pinterest Inc | PINS | 72352L106 | 0.24% | 40,500 |
| 108 | Appfolio Inc | APPF | 03783C100 | 0.23% | 5,334 |
| 109 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.23% | 53,976 |
| 110 | Toast Inc | TOST | 888787108 | 0.23% | 34,474 |
| 111 | Carlisle Cos Inc | CSL | 142339100 | 0.22% | 3,716 |
| 112 | Parker-Hannifin Corp | PH | 701094104 | 0.22% | 1,823 |
| 113 | T-Mobile US Inc | TMUS | 872590104 | 0.22% | 5,526 |
| 114 | Doximity Inc | DOCS | 26622P107 | 0.17% | 15,863 |
| 115 | Lantheus Holdings Inc | LNTH | 516544103 | 0.17% | 19,569 |
| 116 | Ubiquiti Inc | UI | 90353W103 | 0.17% | 1,971 |
| 117 | Cash & Other | Cash&Other | Cash&Other | 0.14% | 867,940 |
| 118 | Dave Inc | DAVE | 23834J201 | 0.13% | 3,881 |
| 119 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.12% | 1,547 |
| 120 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,720 |
| 121 | Manhattan Associates Inc | MANH | 562750109 | 0.11% | 3,382 |
| 122 | Fox Corp | FOXA | 35137L105 | 0.10% | 10,653 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 28.65% |
| 1 | Financials | 15.91% |
| 2 | Consumer Discretionary | 12.19% |
| 3 | Industrials | 11.73% |
| 4 | Health Care | 9.90% |
| 5 | Communication Services | 8.75% |
| 6 | Consumer Staples | 6.24% |
| 7 | Energy | 2.35% |
| 8 | Materials | 1.72% |
| 9 | Utilities | 1.51% |
| 10 | Real Estate | 0.87% |
| 11 | Money Market Deposit Account | 0.18% |
As of DATE
As of DATE
| index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
|---|---|---|---|---|---|
| 0 | 06/17/2025 | 0.063574490 | |||
| 1 | 03/18/2025 | 0.065019720 | |||
| 2 | 12/17/2024 | 0.253758710 | |||
| 3 | 09/17/2024 | 0.019708230 | |||
| 4 | 06/11/2024 | 0.133350840 | |||
| 5 | 03/12/2024 | 0.087451510 | |||
| 6 | 12/15/2023 | 0.308894140 | |||
| 7 | 09/12/2023 | 0.003221910 | |||
| 8 | 06/13/2023 | 0.160954190 | |||
| 9 | 03/14/2023 | 0.1131668 | |||
| 10 | 12/16/2022 | 0.38876403 | |||
| 11 | 09/13/2022 | 0.01002448 | |||
| 12 | 06/14/2022 | 0.15395516 | |||
| 13 | 03/15/2022 | 0.10121481 | |||
| 14 | 12/17/2021 | 0.33335153 | |||
| 15 | 09/14/2021 | 0.01343585 | |||
| 16 | 06/15/2021 | 0.11549275 | |||
| 17 | 03/16/2021 | 0.07891059 | |||
| 18 | 12/18/2020 | 0.26098731 | |||
| 19 | 09/15/2020 | 0.01178418 | |||
| 20 | 06/16/2020 | 0.11193304 | |||
| 21 | 03/17/2020 | 0.07918688 | |||
| 22 | 12/19/2019 | 0.25784953 | |||
| 23 | 09/17/2019 | 0.02308849 | |||
| 24 | 06/18/2019 | 0.1327283 | |||
| 25 | 03/19/2019 | 0.11971005 | |||
| 26 | 12/19/2018 | 0.22649181 | |||
| 27 | 09/18/2018 | 0.01714441 | |||
| 28 | 06/19/2018 | 0.10338587 | |||
| 29 | 03/20/2018 | 0.08644061 | |||
| 30 | 12/21/2017 | 0.21249523 | |||
| 31 | 09/19/2017 | 0.0223068 | |||
| 32 | 06/13/2017 | 0.08469624 | |||
| 33 | 03/14/2017 | 0.06883529 | |||
| 34 | 12/23/2016 | 0.1075908 | |||
| 35 | 09/13/2016 | 0.01296064 | |||
| 36 | 06/14/2016 | 0.10002478 | |||
| 37 | 03/15/2016 | 0.1416389 | |||
| 38 | 12/29/2015 | 0.19800834 | |||
| 39 | 09/22/2015 | 0.02405747 | |||
| 40 | 06/16/2015 | 0.10630864 | |||
| 41 | 03/17/2015 | 0.10128952 | |||
| 42 | 12/16/2014 | 0.12639314 | 0.00094 | NULL | |
| 43 | 09/16/2014 | 0.09380128 | |||
| 44 | 06/17/2014 | 0.08583121 | |||
| 45 | 03/18/2014 | 0.03931572 |
