V-Shares US Leadership Diversity ETF
VDNI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 21, 2021
- CIK
- 0001511699
- Similar Companies
- Business
- V-Shares US Leadership Diversity ETF (VDNI) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the ISS ESG US Diversity Index Total Return, focusing on U.S. large-, mid-, and small-capitalization companies exhibiting broad ethnic and gender representation among board directors and named executive officers. The ETF provides investors with exposure to a diversified portfolio across sectors including technology (approximately 35%), healthcare (15%), financial services (11%), communication services (11%), and consumer cyclical (7%), selected via a free float-adjusted market capitalization-weighted methodology emphasizing leadership diversity metrics. Managed by V-Square Quantitative Management LLC, a Chicago-based global asset management firm founded in 2020 and headquartered at 320 N Sangamon Street, the fund operates primarily in the U.S. market, targeting institutional and individual investors interested in aligning all-cap equity exposure with environmental, social, and governance (ESG) values. The ETF's core offerings include passive investment in an index of domestic equities promoting diversified human capital in leadership positions, reinforced by V-Square's custom proxy voting policy centered on accountability, stewardship, transparency, and sustainability; it excludes companies failing to meet stringent diversity criteria for directors and executives. Holdings are drawn from a broad universe of U.S. firms, with sector allocations designed to mitigate concentration risks while capturing performance from diversity-driven governance practices linked to enhanced business outcomes. Launched in December 2021 as V-Square's inaugural thematic ESG ETF, VDNI expanded the firm's relationship with ISS ESG, becoming the first U.S. asset manager to license the ISS ESG US Diversity Index for an ETF product. Recent developments indicate operational challenges for VDNI, with multiple platforms noting it as no longer active or delisted, potentially reflecting low assets under management or strategic portfolio adjustments by V-Square, whose total AUM reached approximately $1.2 billion as of May 2025 across broader strategies. V-Square has continued thematic expansions in sustainability and macro trends like climate transition, digital economy, and human capital, but no specific partnerships, funding rounds, acquisitions, or new product launches tied directly to VDNI were announced in 2024 or 2025. The firm maintains engagements with academic institutions such as MIT for science-based financial decision-making and focuses on quantitative portfolio management for high-net-worth individuals and investment companies.