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VUSE

Vident U.S. Equity Strategy ETF™
ideation research

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Investment Objectives

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 Quality U.S. Stock 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.

Fund Details

09/21/2023

Fund Details
VUSE
CUSIP
26922A503
Net Assets
$511,020,847.14
Total Fund Annual Operating Expenses
0.50%
Inception Date
1/21/2014
Shares Outstanding
10,900,000.00
Distribution Frequency
Quarterly
30-Day SEC Yield (as of 08/31/2023)
1.17%
12 Month Distribution Yield
1.42%
Market Price
$46.98
NAV
$46.88
Premium/Discount
0.20%
30-Day Median Bid-Ask Spread
0.25%
Distribution Calendar
VUSE Q2 2023 Fact Sheet Cover

Fund Fact Sheet

Q2 2023

Group 2
pdf thumbnail 1

Fund Literature

Prospectus, SAI, Annual Report, Proxy Statement

Group 2

Factors

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.

Total Returns

Premium Discount Chart
index Month End Performance (As of 08/31/2023) VUSE Nav Returns VUSE Market Price Returns
0Cumulative
11 Month -1.37% -1.24%
23 Month 9.63% 9.76%
3Year To Date 17.31% 17.49%
4Since Inception* 122.65% 122.72%
5Average Annual
61 Year 20.24% 20.27%
73 Year 19.04% 18.97%
85 Year 8.18% 8.18%
9Since Inception* 8.69% 8.69%
index Quarter End Performance (As of 06/30/2023) VUSE Nav Returns VUSE Market Price Returns
0Cumulative
1Quarter 7.35% 7.42%
2Year To Date 15.39% 15.67%
3Since Inception* 119.01% 119.27%
4Average Annual
51 Year 24.96% 25.15%
63 Year 22.06% 22.02%
75 Year 8.94% 8.96%
8Since Inception* 8.66% 8.67%

*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.

ETF Holdings

As of DATE

index Name Ticker CUSIP or Other Identifier Weight Shares
0WALMART INC WMT 931142103 2.55% 80,436
1MERCK & CO INC MRK 58933Y105 2.49% 119,754
2MICROSOFT CORP MSFT 594918104 2.49% 40,117
3APPLE INC AAPL 037833100 2.45% 71,557
4EXXON MOBIL CORP XOM 30231G102 2.16% 95,977
5CHEVRON CORP NEW CVX 166764100 2.14% 65,883
6UNITEDHEALTH GROUP INC UNH 91324P102 2.12% 21,383
7MASTERCARD INCORPORATED MA 57636Q104 2.01% 25,601
8PEPSICO INC PEP 713448108 2.00% 58,247
9MCDONALDS CORP MCD 580135101 1.98% 37,160
10VISA INC V 92826C839 1.98% 42,955
11ADOBE INC ADBE 00724F101 1.96% 19,495
12COCA COLA CO KO 191216100 1.96% 174,188
13CISCO SYS INC CSCO 17275R102 1.95% 186,323
14DANAHER CORPORATION DHR 235851102 1.94% 39,919
15HOME DEPOT INC HD 437076102 1.91% 31,993
16BROADCOM INC AVGO 11135F101 1.88% 11,576
17TESLA INC TSLA 88160R101 1.43% 29,827
18JOHNSON & JOHNSON JNJ 478160104 1.31% 41,780
19BOOKING HOLDINGS INC BKNG 09857L108 1.27% 2,118
20CHIPOTLE MEXICAN GRILL INC CMG 169656105 1.27% 3,461
21OREILLY AUTOMOTIVE INC ORLY 67103H107 1.27% 6,958
22TJX COS INC NEW TJX 872540109 1.26% 72,403
23CADENCE DESIGN SYSTEM INC CDNS 127387108 1.25% 27,699
24FORTINET INC FTNT 34959E109 1.24% 108,642
25GILEAD SCIENCES INC GILD 375558103 1.24% 84,214
26MICROCHIP TECHNOLOGY INC. MCHP 595017104 1.21% 80,390
27APPLIED MATLS INC AMAT 038222105 1.17% 43,947
28AUTOZONE INC AZO 053332102 1.02% 2,033
29SYNOPSYS INC SNPS 871607107 1.02% 11,669
30EOG RES INC EOG 26875P101 0.99% 41,214
31ALTRIA GROUP INC MO 02209S103 0.99% 119,158
32PUBLIC STORAGE PSA 74460D109 0.98% 18,891
33QUALCOMM INC QCOM 747525103 0.98% 46,310
34BRISTOL-MYERS SQUIBB CO BMY 110122108 0.97% 83,837
35STARBUCKS CORP SBUX 855244109 0.97% 53,142
36PAYCHEX INC PAYX 704326107 0.95% 43,197
37LAM RESEARCH CORP LRCX 512807108 0.93% 7,699
38KLA CORP KLAC 482480100 0.91% 10,320
39META PLATFORMS INC META 30303M102 0.89% 15,271
40CATERPILLAR INC CAT 149123101 0.77% 14,334
41CHARTER COMMUNICATIONS INC NEW CL A CHTR 16119P108 0.74% 8,469
42MSCI INC MSCI 55354G100 0.71% 7,095
43RLI CORP RLI 749607107 0.70% 25,419
44ZOETIS INC ZTS 98978V103 0.68% 19,820
45AFFILIATED MANAGERS GROUP INC COM AMG 008252108 0.64% 24,686
46FAIR ISAAC CORP FICO 303250104 0.64% 3,707
47IDEXX LABS INC IDXX 45168D104 0.64% 7,469
48CINTAS CORP CTAS 172908105 0.63% 6,426
49NEW YORK TIMES CO NYT 650111107 0.62% 76,409
50ATKORE INC ATKR 047649108 0.61% 21,845
51STEEL DYNAMICS INC STLD 858119100 0.61% 30,901
52MUELLER INDS INC MLI 624756102 0.60% 42,173
53WARRIOR MET COAL INC HCC 93627C101 0.59% 65,882
54RELIANCE STEEL & ALUMINUM CO COM RS 759509102 0.59% 11,519
55DYNATRACE INC DT 268150109 0.58% 63,028
56IRIDIUM COMMUNICATIONS INC IRDM 46269C102 0.58% 61,507
57PROG HOLDINGS INC PRG 74319R101 0.58% 96,349
58CF INDS HLDGS INC CF 125269100 0.57% 34,458
59MANHATTAN ASSOCIATES INC MANH 562750109 0.57% 14,884
60RAMBUS INC DEL RMBS 750917106 0.57% 53,876
61LATTICE SEMICONDUCTOR CORP LSCC 518415104 0.56% 34,905
62NETFLIX INC NFLX 64110L106 0.56% 7,506
63VISTRA CORP VST 92840M102 0.56% 86,606
64CBOE GLOBAL MKTS INC CBOE 12503M108 0.54% 17,532
65BERKLEY W R CORP WRB 084423102 0.54% 42,666
66ALPHA METALLURGICAL RESOUR INC COM AMR 020764106 0.53% 11,490
67GENWORTH FINL INC GNW 37247D106 0.53% 455,811
68LPL FINL HLDGS INC LPLA 50212V100 0.53% 11,302
69MARKEL GROUP INC MKL 570535104 0.53% 1,778
70PIONEER NAT RES CO PXD 723787107 0.53% 12,038
71WATTS WATER TECHNOLOGIES INC CL A WTS 942749102 0.53% 15,843
72ACUITY BRANDS INC AYI 00508Y102 0.52% 16,295
73VERISK ANALYTICS INC VRSK 92345Y106 0.52% 11,017
74ELECTRONIC ARTS INC EA 285512109 0.51% 21,781
75EQUITABLE HLDGS INC COM EQH 29452E101 0.51% 92,475
76GLOBE LIFE INC GL 37959E102 0.51% 23,578
77NATIONAL FUEL GAS CO NFG 636180101 0.51% 49,626
78WHITE MTNS INS GROUP LTD WTM G9618E107 0.51% 1,684
79ZIFF DAVIS INC ZD 48123V102 0.51% 38,956
80CARGURUS INC CARG 141788109 0.50% 145,317
81CROSS CTRY HEALTHCARE INC CCRN 227483104 0.50% 105,089
82CORCEPT THERAPEUTICS INC CORT 218352102 0.50% 80,250
83EXPEDITORS INTL WASH INC EXPD 302130109 0.50% 22,508
84MGIC INVT CORP WIS MTG 552848103 0.50% 150,980
85SUNSTONE HOTEL INVS INC NEW SHO 867892101 0.50% 286,992
86YELP INC YELP 985817105 0.50% 62,182
87FASTENAL CO FAST 311900104 0.49% 45,787
88LANDSTAR SYS INC LSTR 515098101 0.49% 13,833
89DIODES INC DIOD 254543101 0.48% 32,283
90TEGNA INC TGNA 87901J105 0.47% 159,914
91FIRST FINL BANKSHARES INC FFIN 32020R109 0.45% 91,447
92QUALYS INC QLYS 74758T303 0.45% 15,182
93PRINCIPAL FINANCIAL GROUP INC COM PFG 74251V102 0.44% 29,973
94GRAINGER W W INC GWW 384802104 0.43% 3,258
95OLD DOMINION FREIGHT LINE INC COM ODFL 679580100 0.43% 5,434
96PALO ALTO NETWORKS INC PANW 697435105 0.43% 9,583
97MSC INDL DIRECT INC MSM 553530106 0.42% 22,673
98BANCORP INC DEL TBBK 05969A105 0.42% 62,853
99ABBVIE INC ABBV 00287Y109 0.39% 12,984
100T-MOBILE US INC TMUS 872590104 0.38% 13,971
101COMCAST CORP NEW CMCSA 20030N101 0.36% 40,958
102ILLINOIS TOOL WKS INC ITW 452308109 0.36% 7,779
103PATHWARD FINANCIAL INC CASH 59100U108 0.35% 38,998
104AGILENT TECHNOLOGIES INC A 00846U101 0.34% 15,656
105SHOCKWAVE MED INC SWAV 82489T104 0.34% 8,999
106NUCOR CORP NUE 670346105 0.33% 11,126
107CINCINNATI FINL CORP CINF 172062101 0.27% 12,701
108ENCORE WIRE CORP WIRE 292562105 0.27% 7,871
109CROWN CASTLE INC CCI 22822V101 0.25% 14,106
110SEI INVTS CO SEIC 784117103 0.25% 21,477
111THE TRADE DESK INC TTD 88339J105 0.25% 16,512
112TRADEWEB MKTS INC TW 892672106 0.25% 15,486
113Cash & Other Cash&Other Cash&Other 0.25% 1,261,258
114OTTER TAIL CORP OTTR 689648103 0.24% 15,878
115WILEY JOHN & SONS INC WLY 968223206 0.20% 28,146
116PINTEREST INC PINS 72352L106 0.17% 32,898
117SOUTHERN COPPER CORP SCCO 84265V105 0.17% 11,482
118MEDPACE HLDGS INC MEDP 58506Q109 0.16% 3,372
119PUBLIC SVC ENTERPRISE GRP INC COM PEG 744573106 0.16% 13,274
120PHOTRONICS INC PLAB 719405102 0.16% 43,281
121LOWES COS INC LOW 548661107 0.12% 2,975
122SIRIUS XM HOLDINGS INC SIRI 82968B103 0.12% 150,207
123TECNOGLASS INC TGLS G87264100 0.12% 17,787
124SMITH A O CORP AOS 831865209 0.11% 8,950
ETF holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Premium Discount Chart - {{ fundTicker }}

index Calendar Year 2022 First Quarter 2023 Second Quarter 2023 Third Quarter 2023 Forth Quarter 2023
0Days traded at premium 83 19 17 19 0
1Days traded at NAV 5 2 2 0 0
2Days traded at discount 163 41 43 38 0

This information shows differences between the per share net asset value (NAV) of the ETF and the market price of shares. The market price is the closing price on the exchange where ETF shares are listed. Shareholders may pay more than net asset value when they buy ETF shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.

Country Allocation

As of DATE

Sector Breakdown

As of DATE

index Name Weight
0Information Technology 26.76%
1Health Care 14.10%
2Financials 14.00%
3Consumer Discretionary 12.28%
4Industrials 8.83%
5Consumer Staples 5.87%
6Communication Services 5.63%
7Energy 5.33%
8Materials 3.33%
9Utilities 1.50%
10Real Estate 1.31%
11Specialized REITs 0.85%
12Money Market Deposit Account 0.21%

Currency

As of DATE

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Vident does not guarantee the performance or success of any product, investment services, or investment idea; the limitation of risk; or potential tax outcomes. Investment objectives, risks, and potential outcomes are particular to the facts and circumstances then present. When contacting Vident via this website, you should not include any proprietary, confidential, or material non-public information in your message. While measures are taken to ensure the privacy of your communication, Vident cannot guarantee its privacy. Separately managed accounts and related investment advisory services are provided by Vident Asset Management, an SEC-registered investment adviser. Registration of an investment adviser does not imply any certain level of skill or training.

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Carefully consider the Vident ETF’s investment objectives, risk factors, charges, and expenses before investing. To obtain a prospectus, download one here or call 800-617-0004. Please read it carefully before investing.

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 a Vident ETF’s future performance, and an investment should not be made based solely on returns.

Investing involves risk, including the risk of loss of principal. VUSE has the same risks as the underlying securities traded on the exchange throughout the day at market price. Redemptions are limited and often commissions are charged on each trade. The ETF invests in securities of giant market capitalization companies (companies in the top 40% by market capitalization at time of purchase), large market capitalization companies (companies in the top 40-70% range by market capitalization at the time of purchase), and small/mid (SMID) market capitalization companies (remaining companies in the bottom 30% of the Index universe). SMID companies tend to have more limited liquidity and greater price volatility than larger capitalization companies. The ETF invests in the securities included in, or representative of its Index regardless of their investment merits. The performance of the ETF may diverge from the Index. Because the ETF employs a representative sampling strategy and may also invest up to 20% of its assets in securities that are not included in the Index, the ETF may experience a tracking error to a greater extent than a fund that seeks to replicate an index. The ETF is not actively managed and its performance may be adversely affected by a general decline in the market segments relating to its Index. The ETF may invest a significant portion of its assets in the securities of companies of a particular sector of the economy therefore its performance will be especially sensitive to developments that significantly affect those sectors.

Investor shares are bought and sold at market price (not net asset value or NAV), may trade at a discount or premium to NAV, and are not individually redeemed from a Vident ETF. Ordinary brokerage commissions may apply.

The ETF’s investment adviser is Vident Asset Management. Vident Asset Management owns the index that underlies the ETF. The Vident U.S. Equity Strategy ETFTM is distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Asset Management.

Distribution History

As of DATE

index Ex-Dividend Date Income ST Cap Gains MD Cap Gains LT Cap Gains
009/12/2023 0.003221910
106/13/2023 0.160954190
203/14/2023 0.1131668
312/16/2022 0.38876403
409/13/2022 0.01002448
506/14/2022 0.15395516
603/15/2022 0.10121481
712/17/2021 0.33335153
809/14/2021 0.01343585
906/15/2021 0.11549275
1003/16/2021 0.07891059
1112/18/2020 0.26098731
1209/15/2020 0.01178418
1306/16/2020 0.11193304
1403/17/2020 0.07918688
1512/19/2019 0.25784953
1609/17/2019 0.02308849
1706/18/2019 0.1327283
1803/19/2019 0.11971005
1912/19/2018 0.22649181
2009/18/2018 0.01714441
2106/19/2018 0.10338587
2203/20/2018 0.08644061
2312/21/2017 0.21249523
2409/19/2017 0.0223068
2506/13/2017 0.08469624
2603/14/2017 0.06883529
2712/23/2016 0.1075908
2809/13/2016 0.01296064
2906/14/2016 0.10002478
3003/15/2016 0.1416389
3112/29/2015 0.19800834
3209/22/2015 0.02405747
3306/16/2015 0.10630864
3403/17/2015 0.10128952
3512/16/2014 0.12639314 0.00094 NULL
3609/16/2014 0.09380128
3706/17/2014 0.08583121
3803/18/2014 0.03931572