VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF tracks an index of US large- and midcap stocks selected and weighted based on multiple factors. Portfolio optimization and constraints are used in order to minimize volatility.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

129.7 M

ASSETS UNDER MGMT

35 bp

EXPENSES
Fund Basics
Fund sponsorVictory Capital Management
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 21, 2017
Assets (mns)$130
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 9.8 %
MICROSOFT CORP 9.6 %
WAL-MART STORES INC 4.0 %
JOHNSON & JOHNSON 3.7 %
ABBVIE INC 3.6 %
LOCKHEED MARTIN CORP 3.6 %
MERCK & CO. INC. 3.4 %
UNITEDHEALTH GROUP INC 3.3 %
KIMBERLY-CLARK CORP 3.2 %
REPUBLIC SERVICES INC 3.0 %
Constituent Breakdown
Number of holdings69
Herfindahl-Hirschman Index 375
Wgt avg mkt cap (mns)$876,998
Large cap (>$10bn)97.4%
Mid cap ($2-10bn)2.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.9 %
BERMUDA 1.6 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.7% 25.8% 20.9% 10.4% 10.9% -- 11.9%
Volatility 7.9% 8.5% 13.0% 13.5% 17.2% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7486%
MSCI EAFE0.6769%
MSCI Emg Mkts0.4428%
Liquidity Measures
Avg. volume (000)9
Turnover0.3%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$44,403
Technical Indicators
Recent close$48.96
30d moving avg.$47.78
Annualized volatility14.3%
Relative strength (RSI)58
Short interest (ETF)0.2%
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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Risk and Returns: VSMV 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 --%
1.7 17.6 3.8 1.7% --
Based on closing prices from 10/14/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
VSMV



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™

VSMV

6.3%

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%. VSMV's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places VSMV in the 63rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

VSMV
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
VSMV (35 bp) Percentile rank 36
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
VSMV 35.0 11.0 46
Peer Avg. 44.3 16.8 61.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .