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.
01/16/2026
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 | 3.07% | 59,625 |
| 1 | Walmart Inc | WMT | 931142103 | 3.00% | 160,722 |
| 2 | Broadcom Inc | AVGO | 11135F101 | 2.85% | 51,802 |
| 3 | Eli Lilly & Co | LLY | 532457108 | 2.72% | 16,778 |
| 4 | Johnson & Johnson | JNJ | 478160104 | 2.39% | 69,978 |
| 5 | Visa Inc | V | 92826C839 | 2.25% | 43,963 |
| 6 | Apple Inc | AAPL | 037833100 | 2.15% | 53,860 |
| 7 | Lam Research Corp | LRCX | 512807306 | 2.08% | 59,589 |
| 8 | Amazon.com Inc | AMZN | 023135106 | 2.02% | 53,997 |
| 9 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.02% | 41,365 |
| 10 | AbbVie Inc | ABBV | 00287Y109 | 1.98% | 59,276 |
| 11 | Meta Platforms Inc | META | 30303M102 | 1.98% | 20,474 |
| 12 | NVIDIA Corp | NVDA | 67066G104 | 1.98% | 67,939 |
| 13 | Costco Wholesale Corp | COST | 22160K105 | 1.97% | 13,121 |
| 14 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.93% | 25,094 |
| 15 | Home Depot Inc/The | HD | 437076102 | 1.80% | 30,304 |
| 16 | Microsoft Corp | MSFT | 594918104 | 1.77% | 24,601 |
| 17 | Mastercard Inc | MA | 57636Q104 | 1.76% | 20,878 |
| 18 | Oracle Corp | ORCL | 68389X105 | 1.57% | 52,720 |
| 19 | Caterpillar Inc | CAT | 149123101 | 1.44% | 14,321 |
| 20 | Gilead Sciences Inc | GILD | 375558103 | 1.31% | 67,268 |
| 21 | Fortinet Inc | FTNT | 34959E109 | 1.17% | 99,404 |
| 22 | TJX Cos Inc/The | TJX | 872540109 | 1.11% | 45,177 |
| 23 | Booking Holdings Inc | BKNG | 09857L108 | 1.08% | 1,350 |
| 24 | Exxon Mobil Corp | XOM | 30231G102 | 1.08% | 53,460 |
| 25 | Moody's Corp | MCO | 615369105 | 1.02% | 12,079 |
| 26 | TransDigm Group Inc | TDG | 893641100 | 0.99% | 4,372 |
| 27 | Onto Innovation Inc | ONTO | 683344105 | 0.98% | 28,353 |
| 28 | Colgate-Palmolive Co | CL | 194162103 | 0.97% | 73,391 |
| 29 | Ecolab Inc | ECL | 278865100 | 0.96% | 22,113 |
| 30 | Illinois Tool Works Inc | ITW | 452308109 | 0.95% | 23,197 |
| 31 | Robinhood Markets Inc | HOOD | 770700102 | 0.94% | 55,090 |
| 32 | Sherwin-Williams Co/The | SHW | 824348106 | 0.94% | 16,850 |
| 33 | Autodesk Inc | ADSK | 052769106 | 0.91% | 21,845 |
| 34 | Salesforce Inc | CRM | 79466L302 | 0.90% | 25,330 |
| 35 | Altria Group Inc | MO | 02209S103 | 0.90% | 92,928 |
| 36 | ServiceNow Inc | NOW | 81762P102 | 0.89% | 44,645 |
| 37 | Motorola Solutions Inc | MSI | 620076307 | 0.85% | 13,556 |
| 38 | Automatic Data Processing Inc | ADP | 053015103 | 0.83% | 20,350 |
| 39 | Uber Technologies Inc | UBER | 90353T100 | 0.82% | 62,080 |
| 40 | Adobe Inc | ADBE | 00724F101 | 0.80% | 17,402 |
| 41 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.77% | 26,943 |
| 42 | Laureate Education Inc | LAUR | 518613203 | 0.77% | 142,099 |
| 43 | Progressive Corp/The | PGR | 743315103 | 0.77% | 24,364 |
| 44 | Comfort Systems USA Inc | FIX | 199908104 | 0.76% | 4,368 |
| 45 | REV Group Inc | REVG | 749527107 | 0.76% | 71,377 |
| 46 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.73% | 16,945 |
| 47 | Sterling Infrastructure Inc | STRL | 859241101 | 0.72% | 13,177 |
| 48 | InterDigital Inc | IDCC | 45867G101 | 0.70% | 14,461 |
| 49 | Twilio Inc | TWLO | 90138F102 | 0.70% | 37,676 |
| 50 | Exelixis Inc | EXEL | 30161Q104 | 0.69% | 100,664 |
| 51 | TechnipFMC PLC | FTI | G87110105 | 0.69% | 85,172 |
| 52 | Fair Isaac Corp | FICO | 303250104 | 0.67% | 2,719 |
| 53 | IES Holdings Inc | IESC | 44951W106 | 0.67% | 9,262 |
| 54 | Netflix Inc | NFLX | 64110L106 | 0.67% | 48,870 |
| 55 | Royal Gold Inc | RGLD | 780287108 | 0.67% | 16,140 |
| 56 | Cintas Corp | CTAS | 172908105 | 0.64% | 20,895 |
| 57 | Reddit Inc | RDDT | 75734B100 | 0.63% | 17,587 |
| 58 | Constellation Energy Corp | CEG | 21037T109 | 0.62% | 12,985 |
| 59 | Incyte Corp | INCY | 45337C102 | 0.61% | 36,755 |
| 60 | International Seaways Inc | INSW | Y41053102 | 0.61% | 69,819 |
| 61 | Cargurus Inc | CARG | 141788109 | 0.60% | 113,110 |
| 62 | New York Times Co/The | NYT | 650111107 | 0.58% | 51,937 |
| 63 | Clear Secure Inc | YOU | 18467V109 | 0.58% | 106,118 |
| 64 | Electronic Arts Inc | EA | 285512109 | 0.57% | 17,945 |
| 65 | Rambus Inc | RMBS | 750917106 | 0.57% | 33,951 |
| 66 | Valmont Industries Inc | VMI | 920253101 | 0.57% | 8,210 |
| 67 | Zoetis Inc | ZTS | 98978V103 | 0.56% | 28,742 |
| 68 | AppLovin Corp | APP | 03831W108 | 0.55% | 6,193 |
| 69 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.53% | 18,932 |
| 70 | ADMA Biologics Inc | ADMA | 000899104 | 0.52% | 194,096 |
| 71 | Abercrombie & Fitch Co | ANF | 002896207 | 0.52% | 31,917 |
| 72 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.52% | 28,399 |
| 73 | Pegasystems Inc | PEGA | 705573103 | 0.52% | 63,450 |
| 74 | Crane Co | CR | 224408104 | 0.51% | 15,780 |
| 75 | Cirrus Logic Inc | CRUS | 172755100 | 0.51% | 26,450 |
| 76 | F5 Inc | FFIV | 315616102 | 0.51% | 12,229 |
| 77 | Vistra Corp | VST | 92840M102 | 0.51% | 19,777 |
| 78 | SEI Investments Co | SEIC | 784117103 | 0.49% | 36,741 |
| 79 | Armstrong World Industries Inc | AWI | 04247X102 | 0.48% | 15,627 |
| 80 | Badger Meter Inc | BMI | 056525108 | 0.48% | 17,920 |
| 81 | Palantir Technologies Inc | PLTR | 69608A108 | 0.48% | 18,065 |
| 82 | eBay Inc | EBAY | 278642103 | 0.47% | 32,624 |
| 83 | Paymentus Holdings Inc | PAY | 70439P108 | 0.46% | 100,844 |
| 84 | Federated Hermes Inc | FHI | 314211103 | 0.45% | 52,697 |
| 85 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.45% | 16,272 |
| 86 | Sezzle Inc | SEZL | 78435P105 | 0.44% | 41,405 |
| 87 | Deckers Outdoor Corp | DECK | 243537107 | 0.43% | 27,156 |
| 88 | United States Lime & Minerals Inc | USLM | 911922102 | 0.43% | 20,861 |
| 89 | Yelp Inc | YELP | 985817105 | 0.43% | 98,234 |
| 90 | HubSpot Inc | HUBS | 443573100 | 0.41% | 8,444 |
| 91 | Qualys Inc | QLYS | 74758T303 | 0.41% | 19,375 |
| 92 | Intuit Inc | INTU | 461202103 | 0.40% | 4,655 |
| 93 | Morningstar Inc | MORN | 617700109 | 0.40% | 11,862 |
| 94 | Erie Indemnity Co | ERIE | 29530P102 | 0.39% | 8,819 |
| 95 | DoorDash Inc | DASH | 25809K105 | 0.37% | 11,683 |
| 96 | Blue Bird Corp | BLBD | 095306106 | 0.34% | 44,737 |
| 97 | Dolby Laboratories Inc | DLB | 25659T107 | 0.34% | 34,877 |
| 98 | ExlService Holdings Inc | EXLS | 302081104 | 0.34% | 50,587 |
| 99 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.34% | 24,269 |
| 100 | Paycom Software Inc | PAYC | 70432V102 | 0.34% | 14,690 |
| 101 | Strategic Education Inc | STRA | 86272C103 | 0.32% | 24,717 |
| 102 | Chewy Inc | CHWY | 16679L109 | 0.29% | 54,101 |
| 103 | Palo Alto Networks Inc | PANW | 697435105 | 0.29% | 9,856 |
| 104 | Zillow Group Inc | Z | 98954M200 | 0.28% | 25,731 |
| 105 | Docusign Inc | DOCU | 256163106 | 0.27% | 30,410 |
| 106 | Parker-Hannifin Corp | PH | 701094104 | 0.26% | 1,787 |
| 107 | Carlisle Cos Inc | CSL | 142339100 | 0.21% | 3,650 |
| 108 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.21% | 52,966 |
| 109 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.21% | 6,191 |
| 110 | Lantheus Holdings Inc | LNTH | 516544103 | 0.19% | 19,203 |
| 111 | Appfolio Inc | APPF | 03783C100 | 0.18% | 5,232 |
| 112 | Toast Inc | TOST | 888787108 | 0.18% | 33,822 |
| 113 | Ubiquiti Inc | UI | 90353W103 | 0.17% | 1,936 |
| 114 | Pinterest Inc | PINS | 72352L106 | 0.16% | 39,747 |
| 115 | T-Mobile US Inc | TMUS | 872590104 | 0.16% | 5,424 |
| 116 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.14% | 1,516 |
| 117 | Dave Inc | DAVE | 23834J201 | 0.12% | 3,827 |
| 118 | Fox Corp | FOXA | 35137L105 | 0.12% | 10,454 |
| 119 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.12% | 790,828 |
| 120 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,610 |
| 121 | Doximity Inc | DOCS | 26622P107 | 0.10% | 15,564 |
| 122 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,316 |
| 123 | Cash & Other | Cash&Other | Cash&Other | 0.02% | 146,991 |
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 |
