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VictoryShares US Discovery Enhanced Volatility Wtd ETF
ETF
CSF
Payout Change
Pending
Price as of:
$57.2417
+0.06
+0.11%
primary theme
U.S. Small-Cap Blend Equity
CSF (ETF)
VictoryShares US Discovery Enhanced Volatility Wtd ETF
Payout Change
Pending
Price as of:
$57.2417
+0.06
+0.11%
primary theme
U.S. Small-Cap Blend Equity
CSF (ETF)
VictoryShares US Discovery Enhanced Volatility Wtd ETF
Payout Change
Pending
Price as of:
$57.2417
+0.06
+0.11%
primary theme
U.S. Small-Cap Blend Equity
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.8%
1 yr return
21.5%
3 Yr Avg Return
-2.0%
5 Yr Avg Return
10.3%
Net Assets
$46 M
Holdings in Top 10
3.7%
52 WEEK LOW AND HIGH
$57.2
$46.87
$59.30
Expenses
OPERATING FEES
Expense Ratio 0.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CSF - Profile
Distributions
- YTD Total Return 17.8%
- 3 Yr Annualized Total Return -2.0%
- 5 Yr Annualized Total Return 10.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.22%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Other
Fund Details
-
Legal NameVictoryShares US Discovery Enhanced Volatility Wtd ETF
-
Fund Family NameVictory Portfolios
-
Inception DateAug 01, 2014
-
Shares Outstanding1350033
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMannik Dhillon
Fund Description
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Small Cap 500 Long/Cash Volatility Weighted Index (the “Index”), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Adviser.The Index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.The Index follows a rules-based methodology to construct its constituent securities:◼The Index universe begins with all publicly traded U.S. stocks and then gathers the bottom10% by market capitalization as represented by the NASDAQ US Small Cap Index (NNQUSS).◼The Index then screens for the 500 largest companies by market capitalization with positive earnings over the last 12 months.◼The 500 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting.The Index is reconstituted every March and September (based on information as of the prior month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 500 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2024, the Index had a market capitalization range from $0.5 billion to $21.1 billion.The Index follows a mathematical index construction process designed to limit risk during periods of significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the Index to cash and cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory US Small Cap 500 Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.A “significant market decline” means a decline of 11% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.During a period of significant market decline that is 11% or more but less than 22% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.The Index will reallocate all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:◼The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.◼If the Reference Index declines by 22% or more but less than 33% from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional 25% to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.◼If the Reference Index declines by 33% or more but less than 44% from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.◼If the Reference Index declines by 44% or more from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.The Index will make any prescribed allocations to cash in accordance with the mathematical formula only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.During any periods of significant market decline, when the Index’s exposure to the market is less than 100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.While the Fund generally seeks to track the returns of the Index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the Index, at times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”), that seeks to track the Index or the Reference Index.
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CSF - Performance
Return Ranking - Trailing
| Period | CSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -3.6% | 37.7% | 19.81% |
| 1 Yr | 21.5% | 0.0% | 47.7% | 86.23% |
| 3 Yr | -2.0%* | -14.0% | 42.6% | 95.60% |
| 5 Yr | 10.3%* | -12.6% | 34.1% | 37.80% |
| 10 Yr | 5.9%* | -2.9% | 18.1% | 92.80% |
* Annualized
Return Ranking - Calendar
| Period | CSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -10.1% | -19.9% | 29.0% | 98.30% |
| 2022 | -14.8% | -59.3% | 118.2% | 11.43% |
| 2021 | 27.6% | -31.6% | 39.3% | 4.06% |
| 2020 | 27.1% | -51.0% | 39.5% | 0.99% |
| 2019 | 0.5% | -5.6% | 37.8% | 97.93% |
Total Return Ranking - Trailing
| Period | CSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -3.6% | 37.7% | 19.81% |
| 1 Yr | 21.5% | 0.0% | 47.7% | 86.23% |
| 3 Yr | -2.0%* | -14.0% | 42.6% | 95.60% |
| 5 Yr | 10.3%* | -12.6% | 34.1% | 37.80% |
| 10 Yr | 5.9%* | -2.9% | 18.1% | 92.80% |
* Annualized
Total Return Ranking - Calendar
| Period | CSF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -7.4% | -11.7% | 31.8% | 99.43% |
| 2022 | -13.6% | -45.2% | 123.7% | 20.76% |
| 2021 | 29.3% | 0.0% | 45.6% | 16.05% |
| 2020 | 28.6% | -50.5% | 46.9% | 1.39% |
| 2019 | 2.2% | 2.2% | 40.9% | 100.00% |
CSF - Holdings
Concentration Analysis
| CSF | Category Low | Category High | CSF % Rank | |
|---|---|---|---|---|
| Net Assets | 46 M | 555 K | 145 B | 91.15% |
| Number of Holdings | 505 | 2 | 2445 | 26.74% |
| Net Assets in Top 10 | 1.5 M | 124 K | 9.87 B | 99.06% |
| Weighting of Top 10 | 3.73% | 3.1% | 100.1% | 99.43% |
Top 10 Holdings
- KIRBY CORP 0.44%
- FTAI AVIATION LTD 0.40%
- NELNET INC CL A 0.40%
- MDU RESOURCES GROUP INC 0.38%
- FEDERATED HERMES TREASURY OBLIGATIONS 0.38%
- MGE ENERGY INC 0.37%
- MGIC INVESTMENT CORP 0.37%
- VERRA MOBILITY CORP 0.35%
- RYAN SPECIALTY HOLDINGS INC 0.33%
- NMI HOLDINGS INC 0.33%
Asset Allocation
| Weighting | Return Low | Return High | CSF % Rank | |
|---|---|---|---|---|
| Stocks | 99.44% | 7.51% | 107.74% | 20.53% |
| Cash | 0.91% | 0.00% | 42.24% | 64.97% |
| Other | 0.00% | -0.07% | 49.08% | 44.82% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 42.18% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 42.26% |
| Bonds | 0.00% | 0.00% | 87.66% | 47.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSF % Rank | |
|---|---|---|---|---|
| Financial Services | 24.79% | 0.00% | 35.52% | 4.76% |
| Industrials | 21.32% | 2.46% | 37.42% | 20.57% |
| Consumer Cyclical | 12.83% | 0.99% | 47.79% | 23.05% |
| Technology | 9.84% | 0.00% | 43.95% | 89.14% |
| Healthcare | 9.51% | 0.00% | 26.53% | 78.86% |
| Consumer Defense | 7.70% | 0.00% | 18.87% | 6.86% |
| Basic Materials | 4.27% | 0.00% | 18.66% | 59.62% |
| Communication Services | 3.48% | 0.00% | 14.85% | 30.29% |
| Energy | 3.03% | 0.00% | 37.72% | 81.71% |
| Utilities | 2.44% | 0.00% | 18.58% | 51.62% |
| Real Estate | 0.79% | 0.00% | 29.43% | 94.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSF % Rank | |
|---|---|---|---|---|
| US | 99.44% | 2.58% | 107.74% | 19.02% |
| Non US | 0.00% | 0.00% | 97.07% | 51.04% |
CSF - Expenses
Operational Fees
| CSF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.53% | 0.01% | 38.30% | 82.80% |
| Management Fee | 0.30% | 0.00% | 1.50% | 15.69% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| CSF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CSF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CSF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 314.00% | 100.00% |
CSF - Distributions
Dividend Yield Analysis
| CSF | Category Low | Category High | CSF % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.35% | 0.00% | 42.47% | 18.46% |
Dividend Distribution Analysis
| CSF | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Other | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| CSF | Category Low | Category High | CSF % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.22% | -2.40% | 2.49% | 5.90% |
Capital Gain Distribution Analysis
| CSF | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 07, 2024 | $0.016 | OrdinaryDividend |
| Oct 08, 2024 | $0.052 | OrdinaryDividend |
| Sep 11, 2024 | $0.094 | OrdinaryDividend |
| Aug 08, 2024 | $0.142 | OrdinaryDividend |
| Jul 10, 2024 | $0.054 | OrdinaryDividend |
| Jun 12, 2024 | $0.072 | OrdinaryDividend |
| Apr 11, 2024 | $0.052 | OrdinaryDividend |
| Mar 11, 2024 | $0.086 | OrdinaryDividend |
| Feb 09, 2024 | $0.027 | OrdinaryDividend |
| Jan 11, 2024 | $0.017 | OrdinaryDividend |
| Dec 18, 2023 | $0.320 | OrdinaryDividend |
| Nov 08, 2023 | $0.152 | OrdinaryDividend |
| Oct 11, 2023 | $0.101 | OrdinaryDividend |
| Sep 06, 2023 | $0.096 | OrdinaryDividend |
| Aug 08, 2023 | $0.166 | OrdinaryDividend |
| Jul 10, 2023 | $0.151 | OrdinaryDividend |
| Jun 09, 2023 | $0.179 | OrdinaryDividend |
| May 10, 2023 | $0.131 | OrdinaryDividend |
| Apr 11, 2023 | $0.062 | OrdinaryDividend |
| Mar 10, 2023 | $0.085 | OrdinaryDividend |
| Feb 10, 2023 | $0.066 | OrdinaryDividend |
| Dec 16, 2022 | $0.281 | OrdinaryDividend |
| Nov 08, 2022 | $0.065 | OrdinaryDividend |
| Oct 11, 2022 | $0.077 | OrdinaryDividend |
| Sep 09, 2022 | $0.090 | OrdinaryDividend |
| Aug 09, 2022 | $0.053 | OrdinaryDividend |
| Jul 11, 2022 | $0.055 | OrdinaryDividend |
| Jun 10, 2022 | $0.001 | OrdinaryDividend |
| May 10, 2022 | $0.005 | OrdinaryDividend |
| Apr 11, 2022 | $0.069 | OrdinaryDividend |
| Mar 11, 2022 | $0.079 | OrdinaryDividend |
| Feb 10, 2022 | $0.014 | OrdinaryDividend |
| Jan 12, 2022 | $0.007 | OrdinaryDividend |
| Dec 16, 2021 | $0.191 | OrdinaryDividend |
| Nov 08, 2021 | $0.017 | OrdinaryDividend |
| Oct 08, 2021 | $0.069 | OrdinaryDividend |
| Sep 09, 2021 | $0.175 | OrdinaryDividend |
| Aug 09, 2021 | $0.024 | OrdinaryDividend |
| Jul 09, 2021 | $0.054 | OrdinaryDividend |
| Jun 10, 2021 | $0.076 | OrdinaryDividend |
| May 10, 2021 | $0.008 | OrdinaryDividend |
| Apr 09, 2021 | $0.076 | OrdinaryDividend |
| Mar 11, 2021 | $0.071 | OrdinaryDividend |
| Feb 10, 2021 | $0.033 | OrdinaryDividend |
| Jan 12, 2021 | $0.021 | OrdinaryDividend |
| Dec 16, 2020 | $0.164 | OrdinaryDividend |
| Nov 12, 2020 | $0.023 | OrdinaryDividend |
| Oct 07, 2020 | $0.040 | OrdinaryDividend |
| Sep 09, 2020 | $0.051 | OrdinaryDividend |
| Aug 12, 2020 | $0.013 | OrdinaryDividend |
| Jul 08, 2020 | $0.033 | OrdinaryDividend |
| Jun 10, 2020 | $0.055 | OrdinaryDividend |
| May 13, 2020 | $0.034 | OrdinaryDividend |
| Apr 07, 2020 | $0.018 | OrdinaryDividend |
| Mar 11, 2020 | $0.061 | OrdinaryDividend |
| Feb 12, 2020 | $0.005 | OrdinaryDividend |
| Dec 18, 2019 | $0.132 | OrdinaryDividend |
| Nov 13, 2019 | $0.020 | OrdinaryDividend |
| Oct 15, 2019 | $0.048 | OrdinaryDividend |
| Sep 10, 2019 | $0.045 | OrdinaryDividend |
| Aug 14, 2019 | $0.023 | OrdinaryDividend |
| Jul 17, 2019 | $0.057 | OrdinaryDividend |
| Jun 13, 2019 | $0.063 | OrdinaryDividend |
| May 15, 2019 | $0.064 | OrdinaryDividend |
| Apr 16, 2019 | $0.089 | OrdinaryDividend |
| Mar 07, 2019 | $0.047 | OrdinaryDividend |
| Feb 13, 2019 | $0.047 | OrdinaryDividend |
| Jan 16, 2019 | $0.017 | OrdinaryDividend |
| Dec 19, 2018 | $0.121 | OrdinaryDividend |
| Nov 14, 2018 | $0.032 | OrdinaryDividend |
| Oct 17, 2018 | $0.046 | OrdinaryDividend |
| Sep 07, 2018 | $0.042 | OrdinaryDividend |
| Aug 15, 2018 | $0.024 | OrdinaryDividend |
| Jul 17, 2018 | $0.044 | OrdinaryDividend |
| Jun 13, 2018 | $0.048 | OrdinaryDividend |
| May 16, 2018 | $0.034 | OrdinaryDividend |
| Apr 17, 2018 | $0.054 | OrdinaryDividend |
| Mar 07, 2018 | $0.059 | OrdinaryDividend |
| Feb 14, 2018 | $0.022 | OrdinaryDividend |
| Jan 17, 2018 | $0.003 | OrdinaryDividend |
| Dec 22, 2017 | $0.109 | OrdinaryDividend |
| Nov 15, 2017 | $0.021 | OrdinaryDividend |
| Oct 17, 2017 | $0.043 | OrdinaryDividend |
| Sep 07, 2017 | $0.065 | OrdinaryDividend |
| Aug 15, 2017 | $0.021 | OrdinaryDividend |
| Jul 18, 2017 | $0.008 | OrdinaryDividend |
| Jun 13, 2017 | $0.048 | OrdinaryDividend |
| May 16, 2017 | $0.023 | OrdinaryDividend |
| Apr 18, 2017 | $0.072 | OrdinaryDividend |
| Mar 07, 2017 | $0.032 | OrdinaryDividend |
| Feb 14, 2017 | $0.018 | OrdinaryDividend |
| Jan 17, 2017 | $0.012 | OrdinaryDividend |
| Dec 28, 2016 | $0.007 | OrdinaryDividend |
| Dec 13, 2016 | $0.104 | OrdinaryDividend |
| Nov 15, 2016 | $0.065 | OrdinaryDividend |
| Sep 07, 2016 | $0.087 | OrdinaryDividend |
| Jun 14, 2016 | $0.080 | OrdinaryDividend |
| Mar 08, 2016 | $0.023 | OrdinaryDividend |
| Dec 28, 2015 | $0.126 | OrdinaryDividend |
| Sep 22, 2015 | $0.086 | OrdinaryDividend |
| Jun 16, 2015 | $0.085 | OrdinaryDividend |
| Mar 17, 2015 | $0.087 | OrdinaryDividend |
| Dec 16, 2014 | $0.108 | OrdinaryDividend |
| Sep 16, 2014 | $0.047 | OrdinaryDividend |
CSF - Fund Manager Analysis
Managers
Mannik Dhillon
Start Date
Tenure
Tenure Rank
Jun 01, 2018
4.0
4.0%
Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.18 | 2.58 |
