UEVM
VictoryShares Emerging Markets Value Momentum ETF
The USAA MSCI Emerging Markets Value Momentum Blend Index ETF tracks a multi-factor-selected, volatility-weighted index of stocks from emerging economies.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
228.0 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | USAA Asset Management |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 24, 2017 |
| Assets (mns) | $228 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PORTO SEGURO SA | 1.7 % |
| CENCOSUD SA | 1.5 % |
| JBS SA | 1.5 % |
| CIA PARANAENSE DE ENERGI-PFB | 1.5 % |
| POP MART INTERNATIONAL GROUP LIMITED | 1.5 % |
| S.A.C.I. FALABELLA | 1.2 % |
| TENAGA NASIONAL BHD | 1.2 % |
| TVS MOTOR CO LTD | 1.2 % |
| SUN PHARMACEUTICAL INDUS | 1.2 % |
| CHINA CITIC BANK - H | 1.2 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 90 |
| Wgt avg mkt cap (mns) | $28,387 |
| Large cap (>$10bn) | 46.0% |
| Mid cap ($2-10bn) | 52.1% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 7.3% |
| Emerging mkts. | 95.5% |
Country Exposure
 |
CHINA | 31.3 % |
 |
TAIWAN | 17.0 % |
 |
INDIA | 16.5 % |
 |
BRAZIL | 9.2 % |
 |
HONG KONG | 7.3 % |
 |
MALAYSIA | 5.7 % |
 |
SOUTH AFRICA | 4.3 % |
 |
CHILE | 3.4 % |
 |
TURKEY | 2.4 % |
 |
MEXICO | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.5% | 19.4% | 14.9% | 11.8% | 5.6% | -- | -- | 1.5% |
| Dividend Yield | 3.7% | 4.0% | 5.5% | 5.4% | 4.8% | -- | -- | 3.8% |
| Total Returns | 23.3% | 23.4% | 20.4% | 17.2% | 10.3% | -- | -- | 5.3% | Ann. Volatility | 16.6% | 16.5% | 16.1% | 14.9% | 15.9% | -- | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 46% |
| MSCI EAFE | 0.77 | 61% |
| MSCI Emg Mkts | 0.86 | 86% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $56.11 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.13/0.11 |
| Bollinger Bands (Upper/Lower) | $57.61/$55.09 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UEVM |
Expenses vs. UEVM |
ALTAR Score™ vs. UEVM |
|---|---|---|---|---|
| ROAM | Hartford Multifactor Emerging Markets ETF | 32.8% | -1 bp | +11.4% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 28.8% | +5 bp | +10.3% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 24.7% | -10 bp | +12.6% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 24.3% | +4 bp | +15.0% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 22.9% | -6 bp | +15.7% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 22.3% | +35 bp | +11.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 21.0% | +4 bp | +9.4% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 20.2% | -1 bp | +10.6% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 20.0% | -20 bp | +12.2% |
| AVES | Avantis Emerging Markets Value ETF | 19.5% | -9 bp | +10.6% |
Risk and Returns: UEVM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 | --% |
Based on closing prices from 12/10/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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 Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
UEVM
9.8%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 128 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.7%. UEVM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places UEVM in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UEVMSELL
U/W
HOLD
O/W
BUY