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.


Rules-Based, Diverse

MANAGEMENT MATRIX

ROAM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorUSAA Asset Management
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateOct 24, 2017
Assets (mns)$175
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMulti-Factor
WeightingVolatility
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NTPC LIMITED 1.2 %
LARSEN & TOUBRO LIMITED 1.2 %
POWERTECH TECHNOLOGY INC 1.2 %
ITC LTD 1.1 %
POU CHEN 1.1 %
DR. REDDY'S LABORATORIES 1.1 %
COCA-COLA FEMSA SAB-SER L 1.1 %
TVS MOTOR CO LTD 1.1 %
CATCHER TECHNOLOGY CO LTD 1.1 %
LUPIN LTD 1.0 %
Constituent Breakdown
Number of holdings166
Herfindahl-Hirschman Index 70
Wgt avg mkt cap (mns)$18,615
Large cap (>$10bn)38.8%
Mid cap ($2-10bn)57.8%
Small cap (<$2bn)3.4%
Developed mkts.6.6%
Emerging mkts.93.5%
Country Exposure
CHINA 27.2 %
TAIWAN 21.6 %
INDIA 17.7 %
BRAZIL 7.7 %
TURKEY 5.9 %
MEXICO 4.4 %
HONG KONG 4.0 %
CHILE 2.2 %
SOUTH AFRICA 2.0 %
INDONESIA 1.8 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 18.5% 2.0% 3.1% 3.9% -- 1.7%
Market Correlations
versus...BetaR-squared
S&P 5000.6151%
MSCI EAFE0.8080%
MSCI Emg Mkts0.8086%
Liquidity Measures
Avg. volume (000)1
Turnover0.0%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$5,757
Technical Indicators
Recent close$45.40
30d moving avg.$42.35
Annualized volatility15.3%
Relative strength (RSI)65
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales 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 --%
0.5 7.5 0.9 4.6% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
UEVM



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™

UEVM

13.5%

Cat. Avg

6.2%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™13.5%
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 165 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 6.2% and a standard deviation of 4.9%. UEVM's ALTAR Score™ is approximately 1.5 standard deviations above the category average. This places UEVM in the 93rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
UEVM 45.0 19.3 64.3
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.