ULVM

VictoryShares US Value Momentum ETF

ULVM tracks an index of large- and midcap US stocks that are selected by equal parts value and momentum and weighted by volatility.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

166.3 M

ASSETS UNDER MGMT

20 bp

EXPENSES
Fund Basics
Fund sponsorUSAA Asset Management
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 24, 2017
Assets (mns)$166
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingVolatility
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
BERKSHIRE HATHAWAY INC-CL B 1.7 %
LOEWS CORP 1.4 %
REGENERON PHARMACEUTICALS 1.3 %
SS&C TECHNOLOGIES HOLDINGS 1.3 %
HARTFORD FINANCIAL SVCS GRP 1.3 %
BANK OF NEW YORK MELLON CORP 1.2 %
DUKE ENERGY CORP 1.2 %
FISERV, INC. 1.2 %
AMERISOURCEBERGEN CORP 1.2 %
JPMORGAN CHASE & CO 1.2 %
Constituent Breakdown
Number of holdings126
Herfindahl-Hirschman Index 90
Wgt avg mkt cap (mns)$120,087
Large cap (>$10bn)99.3%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.4 %
BRITAIN 1.1 %
IRELAND 0.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 19.7% 33.9% 21.8% 9.8% 11.5% -- 9.1%
Volatility 10.5% 10.9% 14.8% 15.7% 21.2% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8985%
MSCI EAFE0.8778%
MSCI Emg Mkts0.6036%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$93,662
Technical Indicators
Recent close$81.12
30d moving avg.$78.85
Annualized volatility17.3%
Relative strength (RSI)53
Short interest (ETF)0.6%
Short interest (underlying)3.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ULVM 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 -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
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 --%
1.2 14.1 2.0 1.9% --
Based on closing prices from 10/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ULVM



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™

ULVM

7.2%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. ULVM's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places ULVM in the 75th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ULVM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
ULVM (20 bp) Percentile rank 21
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ULVM 20.0 13.0 33
Peer Avg. 37.4 15.4 52.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .