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.
11/07/2025
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 10/31/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | -0.76% | -0.62% |
| 2 | 3 Month | 4.05% | 4.33% |
| 3 | Year To Date | 12.85% | 13.06% |
| 4 | Since Inception* | 207.85% | 208.55% |
| 5 | Average Annual | ||
| 6 | 1 Year | 15.60% | 15.62% |
| 7 | 3 Year | 17.68% | 17.77% |
| 8 | 5 Year | 19.53% | 19.55% |
| 9 | 10 Year | 11.35% | 11.38% |
| 10 | Since Inception* | 10.02% | 10.04% |
| index | Quarter End Performance (As of 09/30/2025) | VUSE Nav Returns | VUSE Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 5.74% | 5.66% |
| 2 | Year To Date | 13.71% | 13.76% |
| 3 | Since Inception* | 210.21% | 210.46% |
| 4 | Average Annual | ||
| 5 | 1 Year | 16.82% | 16.87% |
| 6 | 3 Year | 22.52% | 22.50% |
| 7 | 5 Year | 19.63% | 19.62% |
| 8 | 10 Year | 12.13% | 12.14% |
| 9 | Since Inception* | 10.17% | 10.18% |
*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 | Broadcom Inc | AVGO | 11135F101 | 2.94% | 52,882 |
| 1 | Alphabet Inc | GOOGL | 02079K305 | 2.74% | 60,865 |
| 2 | Walmart Inc | WMT | 931142103 | 2.61% | 164,074 |
| 3 | Eli Lilly & Co | LLY | 532457108 | 2.57% | 17,130 |
| 4 | Visa Inc | V | 92826C839 | 2.33% | 44,875 |
| 5 | Apple Inc | AAPL | 037833100 | 2.30% | 54,980 |
| 6 | NVIDIA Corp | NVDA | 67066G104 | 2.14% | 69,355 |
| 7 | Amazon.com Inc | AMZN | 023135106 | 2.13% | 55,125 |
| 8 | Johnson & Johnson | JNJ | 478160104 | 2.09% | 71,434 |
| 9 | JPMORGAN CHASE & CO. | JPM | 46625H100 | 2.08% | 42,229 |
| 10 | AbbVie Inc | ABBV | 00287Y109 | 2.06% | 60,508 |
| 11 | Meta Platforms Inc | META | 30303M102 | 2.05% | 20,898 |
| 12 | Oracle Corp | ORCL | 68389X105 | 2.01% | 53,816 |
| 13 | Berkshire Hathaway Inc | BRK/B | 084670702 | 1.98% | 25,614 |
| 14 | Microsoft Corp | MSFT | 594918104 | 1.97% | 25,113 |
| 15 | Costco Wholesale Corp | COST | 22160K105 | 1.90% | 13,393 |
| 16 | Mastercard Inc | MA | 57636Q104 | 1.83% | 21,310 |
| 17 | Home Depot Inc/The | HD | 437076102 | 1.78% | 30,936 |
| 18 | Lam Research Corp | LRCX | 512807306 | 1.57% | 60,829 |
| 19 | Caterpillar Inc | CAT | 149123101 | 1.30% | 14,617 |
| 20 | Fortinet Inc | FTNT | 34959E109 | 1.30% | 101,476 |
| 21 | Gilead Sciences Inc | GILD | 375558103 | 1.26% | 68,668 |
| 22 | ServiceNow Inc | NOW | 81762P102 | 1.23% | 9,113 |
| 23 | Robinhood Markets Inc | HOOD | 770700102 | 1.19% | 56,234 |
| 24 | Booking Holdings Inc | BKNG | 09857L108 | 1.06% | 1,382 |
| 25 | TJX Cos Inc/The | TJX | 872540109 | 1.05% | 46,121 |
| 26 | Autodesk Inc | ADSK | 052769106 | 1.03% | 22,301 |
| 27 | Exxon Mobil Corp | XOM | 30231G102 | 1.00% | 54,572 |
| 28 | Salesforce Inc | CRM | 79466L302 | 0.97% | 25,858 |
| 29 | Moody's Corp | MCO | 615369105 | 0.93% | 12,327 |
| 30 | Uber Technologies Inc | UBER | 90353T100 | 0.93% | 63,376 |
| 31 | Sherwin-Williams Co/The | SHW | 824348106 | 0.92% | 17,202 |
| 32 | Adobe Inc | ADBE | 00724F101 | 0.91% | 17,762 |
| 33 | Colgate-Palmolive Co | CL | 194162103 | 0.91% | 74,919 |
| 34 | Ecolab Inc | ECL | 278865100 | 0.91% | 22,577 |
| 35 | Illinois Tool Works Inc | ITW | 452308109 | 0.90% | 23,677 |
| 36 | TransDigm Group Inc | TDG | 893641100 | 0.89% | 4,460 |
| 37 | Netflix Inc | NFLX | 64110L106 | 0.87% | 4,991 |
| 38 | Altria Group Inc | MO | 02209S103 | 0.85% | 94,864 |
| 39 | Motorola Solutions Inc | MSI | 620076307 | 0.85% | 13,836 |
| 40 | InterDigital Inc | IDCC | 45867G101 | 0.84% | 14,765 |
| 41 | Progressive Corp/The | PGR | 743315103 | 0.84% | 24,868 |
| 42 | Automatic Data Processing Inc | ADP | 053015103 | 0.82% | 20,774 |
| 43 | Sterling Infrastructure Inc | STRL | 859241101 | 0.80% | 13,449 |
| 44 | Twilio Inc | TWLO | 90138F102 | 0.78% | 38,460 |
| 45 | AMERICAN TOWER CORP | AMT | 03027X100 | 0.77% | 27,503 |
| 46 | Fair Isaac Corp | FICO | 303250104 | 0.76% | 2,775 |
| 47 | Constellation Energy Corp | CEG | 21037T109 | 0.74% | 13,257 |
| 48 | Royal Caribbean Cruises Ltd | RCL | V7780T103 | 0.71% | 17,297 |
| 49 | Laureate Education Inc | LAUR | 518613203 | 0.70% | 145,059 |
| 50 | Comfort Systems USA Inc | FIX | 199908104 | 0.67% | 4,456 |
| 51 | Exelixis Inc | EXEL | 30161Q104 | 0.66% | 102,760 |
| 52 | AppLovin Corp | APP | 03831W108 | 0.64% | 6,321 |
| 53 | Cargurus Inc | CARG | 141788109 | 0.64% | 115,470 |
| 54 | Onto Innovation Inc | ONTO | 683344105 | 0.63% | 28,945 |
| 55 | Incyte Corp | INCY | 45337C102 | 0.62% | 37,523 |
| 56 | Clear Secure Inc | YOU | 18467V109 | 0.62% | 108,326 |
| 57 | Cintas Corp | CTAS | 172908105 | 0.61% | 21,327 |
| 58 | Paymentus Holdings Inc | PAY | 70439P108 | 0.60% | 102,948 |
| 59 | Pegasystems Inc | PEGA | 705573103 | 0.60% | 64,770 |
| 60 | Rambus Inc | RMBS | 750917106 | 0.60% | 34,655 |
| 61 | TechnipFMC PLC | FTI | G87110105 | 0.59% | 86,948 |
| 62 | IES Holdings Inc | IESC | 44951W106 | 0.59% | 9,454 |
| 63 | International Seaways Inc | INSW | Y41053102 | 0.59% | 71,275 |
| 64 | REV Group Inc | REVG | 749527107 | 0.59% | 72,865 |
| 65 | Vistra Corp | VST | 92840M102 | 0.59% | 20,193 |
| 66 | Electronic Arts Inc | EA | 285512109 | 0.57% | 18,321 |
| 67 | Reddit Inc | RDDT | 75734B100 | 0.57% | 17,955 |
| 68 | Palantir Technologies Inc | PLTR | 69608A108 | 0.55% | 18,441 |
| 69 | Zoetis Inc | ZTS | 98978V103 | 0.55% | 29,342 |
| 70 | Badger Meter Inc | BMI | 056525108 | 0.53% | 18,296 |
| 71 | Valmont Industries Inc | VMI | 920253101 | 0.53% | 8,378 |
| 72 | HubSpot Inc | HUBS | 443573100 | 0.52% | 8,620 |
| 73 | New York Times Co/The | NYT | 650111107 | 0.52% | 53,017 |
| 74 | Cirrus Logic Inc | CRUS | 172755100 | 0.50% | 27,002 |
| 75 | Grand Canyon Education Inc | LOPE | 38526M106 | 0.49% | 19,324 |
| 76 | Crane Co | CR | 224408104 | 0.48% | 16,108 |
| 77 | Intuit Inc | INTU | 461202103 | 0.48% | 4,751 |
| 78 | SEI Investments Co | SEIC | 784117103 | 0.48% | 37,509 |
| 79 | Armstrong World Industries Inc | AWI | 04247X102 | 0.47% | 15,955 |
| 80 | F5 Inc | FFIV | 315616102 | 0.47% | 12,485 |
| 81 | Qualys Inc | QLYS | 74758T303 | 0.47% | 19,775 |
| 82 | Royal Gold Inc | RGLD | 780287108 | 0.47% | 16,476 |
| 83 | ADMA Biologics Inc | ADMA | 000899104 | 0.45% | 198,136 |
| 84 | Yelp Inc | YELP | 985817105 | 0.45% | 100,282 |
| 85 | eBay Inc | EBAY | 278642103 | 0.44% | 33,304 |
| 86 | MarketAxess Holdings Inc | MKTX | 57060D108 | 0.44% | 16,608 |
| 87 | Adtalem Global Education Inc | ATGE | 00737L103 | 0.43% | 28,991 |
| 88 | Federated Hermes Inc | FHI | 314211103 | 0.41% | 53,793 |
| 89 | Morningstar Inc | MORN | 617700109 | 0.40% | 12,110 |
| 90 | Erie Indemnity Co | ERIE | 29530P102 | 0.39% | 9,003 |
| 91 | Paycom Software Inc | PAYC | 70432V102 | 0.39% | 14,994 |
| 92 | United States Lime & Minerals Inc | USLM | 911922102 | 0.39% | 21,293 |
| 93 | DoorDash Inc | DASH | 25809K105 | 0.38% | 11,923 |
| 94 | Sezzle Inc | SEZL | 78435P105 | 0.38% | 42,269 |
| 95 | Abercrombie & Fitch Co | ANF | 002896207 | 0.36% | 32,581 |
| 96 | Blue Bird Corp | BLBD | 095306106 | 0.36% | 45,665 |
| 97 | Dolby Laboratories Inc | DLB | 25659T107 | 0.36% | 35,605 |
| 98 | Monarch Casino & Resort Inc | MCRI | 609027107 | 0.36% | 24,773 |
| 99 | Deckers Outdoor Corp | DECK | 243537107 | 0.34% | 27,724 |
| 100 | Docusign Inc | DOCU | 256163106 | 0.34% | 31,042 |
| 101 | Palo Alto Networks Inc | PANW | 697435105 | 0.34% | 10,064 |
| 102 | ExlService Holdings Inc | EXLS | 302081104 | 0.32% | 51,643 |
| 103 | Strategic Education Inc | STRA | 86272C103 | 0.31% | 25,229 |
| 104 | Zillow Group Inc | Z | 98954M200 | 0.30% | 26,267 |
| 105 | Chewy Inc | CHWY | 16679L109 | 0.29% | 55,229 |
| 106 | LiveRamp Holdings Inc | RAMP | 53815P108 | 0.26% | 54,070 |
| 107 | Parker-Hannifin Corp | PH | 701094104 | 0.24% | 1,827 |
| 108 | Appfolio Inc | APPF | 03783C100 | 0.21% | 5,344 |
| 109 | Verisk Analytics Inc | VRSK | 92345Y106 | 0.21% | 6,319 |
| 110 | Toast Inc | TOST | 888787108 | 0.20% | 34,526 |
| 111 | Carlisle Cos Inc | CSL | 142339100 | 0.18% | 3,722 |
| 112 | T-Mobile US Inc | TMUS | 872590104 | 0.18% | 5,536 |
| 113 | Ubiquiti Inc | UI | 90353W103 | 0.18% | 1,976 |
| 114 | Pinterest Inc | PINS | 72352L106 | 0.17% | 40,571 |
| 115 | Dave Inc | DAVE | 23834J201 | 0.15% | 3,907 |
| 116 | Lantheus Holdings Inc | LNTH | 516544103 | 0.15% | 19,603 |
| 117 | Medpace Holdings Inc | MEDP | 58506Q109 | 0.14% | 1,548 |
| 118 | Doximity Inc | DOCS | 26622P107 | 0.13% | 15,892 |
| 119 | Airbnb Inc | ABNB | 009066101 | 0.11% | 5,730 |
| 120 | Fox Corp | FOXA | 35137L105 | 0.11% | 10,670 |
| 121 | Manhattan Associates Inc | MANH | 562750109 | 0.09% | 3,388 |
| 122 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 0.04% | 239,199 |
| 123 | Cash & Other | Cash&Other | Cash&Other | 0.02% | 137,189 |
As of DATE
As of DATE
| index | Name | Weight |
|---|---|---|
| 0 | Information Technology | 29.42% |
| 1 | Financials | 14.87% |
| 2 | Consumer Discretionary | 11.87% |
| 3 | Industrials | 11.28% |
| 4 | Health Care | 10.07% |
| 5 | Communication Services | 8.87% |
| 6 | Consumer Staples | 6.39% |
| 7 | Materials | 2.8% |
| 8 | Energy | 1.98% |
| 9 | Utilities | 1.28% |
| 10 | Real Estate | 1.12% |
| 11 | Money Market Deposit Account | 0.05% |
As of DATE
As of DATE
| index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
|---|---|---|---|---|---|
| 0 | 09/17/2025 | 0.134207430 | |||
| 1 | 06/17/2025 | 0.063574490 | |||
| 2 | 03/18/2025 | 0.065019720 | |||
| 3 | 12/17/2024 | 0.253758710 | |||
| 4 | 09/17/2024 | 0.019708230 | |||
| 5 | 06/11/2024 | 0.133350840 | |||
| 6 | 03/12/2024 | 0.087451510 | |||
| 7 | 12/15/2023 | 0.308894140 | |||
| 8 | 09/12/2023 | 0.003221910 | |||
| 9 | 06/13/2023 | 0.160954190 | |||
| 10 | 03/14/2023 | 0.1131668 | |||
| 11 | 12/16/2022 | 0.38876403 | |||
| 12 | 09/13/2022 | 0.01002448 | |||
| 13 | 06/14/2022 | 0.15395516 | |||
| 14 | 03/15/2022 | 0.10121481 | |||
| 15 | 12/17/2021 | 0.33335153 | |||
| 16 | 09/14/2021 | 0.01343585 | |||
| 17 | 06/15/2021 | 0.11549275 | |||
| 18 | 03/16/2021 | 0.07891059 | |||
| 19 | 12/18/2020 | 0.26098731 | |||
| 20 | 09/15/2020 | 0.01178418 | |||
| 21 | 06/16/2020 | 0.11193304 | |||
| 22 | 03/17/2020 | 0.07918688 | |||
| 23 | 12/19/2019 | 0.25784953 | |||
| 24 | 09/17/2019 | 0.02308849 | |||
| 25 | 06/18/2019 | 0.1327283 | |||
| 26 | 03/19/2019 | 0.11971005 | |||
| 27 | 12/19/2018 | 0.22649181 | |||
| 28 | 09/18/2018 | 0.01714441 | |||
| 29 | 06/19/2018 | 0.10338587 | |||
| 30 | 03/20/2018 | 0.08644061 | |||
| 31 | 12/21/2017 | 0.21249523 | |||
| 32 | 09/19/2017 | 0.0223068 | |||
| 33 | 06/13/2017 | 0.08469624 | |||
| 34 | 03/14/2017 | 0.06883529 | |||
| 35 | 12/23/2016 | 0.1075908 | |||
| 36 | 09/13/2016 | 0.01296064 | |||
| 37 | 06/14/2016 | 0.10002478 | |||
| 38 | 03/15/2016 | 0.1416389 | |||
| 39 | 12/29/2015 | 0.19800834 | |||
| 40 | 09/22/2015 | 0.02405747 | |||
| 41 | 06/16/2015 | 0.10630864 | |||
| 42 | 03/17/2015 | 0.10128952 | |||
| 43 | 12/16/2014 | 0.12639314 | 0.00094 | NULL | |
| 44 | 09/16/2014 | 0.09380128 | |||
| 45 | 06/17/2014 | 0.08583121 | |||
| 46 | 03/18/2014 | 0.03931572 |
