CFO

VictoryShares US 500 Enhanced Volatility Wtd ETF

The VictoryShares US 500 Enhanced Volatility Wtd Index ETF tracks an index of the largest US stocks by market cap, screened for positive earnings and weighted by volatility. The fund can move to 75% cash maximum in market downturns.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

40 bp

EXPENSES

$439.9 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVictory Capital Management
CategoryUS
Asset classEquity
Websitelink...
Inception dateJul 01, 2014
Assets (mns)$440
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTechnical
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
COCA-COLA CO/THE 0.4 %
AMERISOURCEBERGEN CORP 0.4 %
WASTE MANAGEMENT INC 0.4 %
WAL-MART STORES INC 0.4 %
MCDONALD'S CORP 0.4 %
DELL TECHNOLOGIES INC CLASS C 0.4 %
REPUBLIC SERVICES INC 0.4 %
GENERAL DYNAMICS CORP 0.3 %
INTL BUSINESS MACHINES CORP 0.3 %
COLGATE-PALMOLIVE CO 0.3 %
Constituent Breakdown
Number of holdings504
Herfindahl-Hirschman Index 21
Wgt avg mkt cap (mns)$99,288
Large cap (>$10bn)96.4%
Mid cap ($2-10bn)3.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.4 %
IRELAND 1.8 %
SWITZERLAND 0.8 %
BERMUDA 0.6 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.4% 10.0% -0.5% -0.7% 9.3% -- 8.5%
Volatility 9.8% 9.7% 12.0% 12.8% 13.8% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6376%
MSCI EAFE0.6064%
MSCI Emg Mkts0.4131%
Liquidity Measures
Avg. volume (000)13
Turnover0.2%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$284,716
Technical Indicators
Recent close$64.22
30d moving avg.$65.00
Annualized volatility12.9%
Relative strength (RSI)52
Short interest (ETF)0.0%
Short interest (underlying)2.6%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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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
  2023 2024E Fwd Est 2025E
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 --%
1.7 16.6 2.7 1.8% --
Based on closing prices from 6/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CFO



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™

CFO

6.0%

Cat. Avg

5.8%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.0%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 892 funds in the US category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.8%. CFO's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places CFO in the 53rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CFO 40.0 8.4 48.4
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .