CEY

VictoryShares Emerging Market High Dividend Volatility Wtd ETF

The VictoryShares Emerging Market High Div Volatility Wtd ETF tracks an index of roughly 100 emerging market stocks, screened for positive earnings and high dividend yield, with higher weighting going to lower volatility names.


Rules-Based, Diverse

MANAGEMENT MATRIX

FEM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVictory Capital Management
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateOct 25, 2017
Assets (mns)$17
Expense ratio51 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Stock selectionFundamental
WeightingVolatility
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
FAR EASTONE TELECOMMUNICATIONS CO., LTD. 2.2 %
TAIWAN MOBILE CO. LTD. 2.0 %
MOBILE TELESYSTEMS PJSC 2.0 %
MEGA FINANCIAL HOLDING CO LT 1.7 %
INTER RAO UES PJSC 1.7 %
ROSTELECOM PJSC 1.6 %
MAGNIT 1.5 %
BANK OF CHINA LTD - H 1.5 %
RUSHYDRO JSC 1.5 %
TENAGA NASIONAL BHD 1.4 %
Constituent Breakdown
Number of holdings100
Herfindahl-Hirschman Index 110
Wgt avg mkt cap (mns)$19,732
Large cap (>$10bn)45.8%
Mid cap ($2-10bn)52.2%
Small cap (<$2bn)0.4%
Developed mkts.1.8%
Emerging mkts.92.9%
Country Exposure
TAIWAN 19.2 %
CHINA 19.1 %
RUSSIA 15.4 %
BRAZIL 9.4 %
INDIA 8.8 %
SOUTH AFRICA 5.7 %
MALAYSIA 4.3 %
PHILIPPINES 3.1 %
MEXICO 2.9 %
THAILAND 2.3 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
12.8% 33.7% 7.9% 5.5% -- -- 3.5%
Market Correlations
versus...BetaR-squared
S&P 5000.8464%
MSCI EAFE0.9578%
MSCI Emg Mkts0.8477%
Liquidity Measures
Avg. volume (000)2
Turnover0.3%
Avg. Bid/Ask (% of price)0.26%
ADV of underlying (mns)$3,968
Technical Indicators
Recent close$24.22
30d moving avg.$24.12
Annualized volatility19.7%
Relative strength (RSI)50
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.7 7.3 1.1 7.3% --
Based on closing prices from 10/21/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CEY



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

CEY

12.6%

Cat. Avg

7.7%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™12.6%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 170 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.7% and a standard deviation of 4.2%. CEY's ALTAR Score™ is approximately 1.2 standard deviations above the category average. This places CEY in the 88th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CEY
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CEY 51.0 25.5 76.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.