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

20 bp

EXPENSES

$156.4 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorUSAA Asset Management
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 24, 2017
Assets (mns)$156
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 1.5 %
LOEWS CORP 1.3 %
TJX COMPANIES INC 1.3 %
COSTCO WHOLESALE CORP 1.3 %
JPMORGAN CHASE & CO 1.3 %
VISTRA ENERGY CORP. 1.2 %
DUKE ENERGY CORP 1.2 %
AMERISOURCEBERGEN CORP 1.1 %
WABTEC CORP 1.1 %
HARTFORD FINANCIAL SVCS GRP 1.1 %
Constituent Breakdown
Number of holdings128
Herfindahl-Hirschman Index 84
Wgt avg mkt cap (mns)$149,761
Large cap (>$10bn)98.2%
Mid cap ($2-10bn)0.7%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 95.3 %
BRITAIN 0.9 %
IRELAND 0.8 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 10.5% 19.4% 14.3% 6.6% 9.9% -- 8.1%
Volatility 10.5% 10.9% 14.8% 15.7% 21.2% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8987%
MSCI EAFE0.8878%
MSCI Emg Mkts0.5835%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$167,752
Technical Indicators
Recent close$76.24
30d moving avg.$75.00
Annualized volatility17.2%
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)

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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 --%
1.1 14.1 2.0 2.0% --
Based on closing prices from 7/11/2024
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ULVM

7.4%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.4%
Recommendation

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.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. 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.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
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)
ULVM 20.0 13.0 33
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .