Symbols

CFA

VictoryShares US 500 Volatility Wtd ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

546.51MUSD

Fund Flows (1Y)

-31.45MUSD

Dividend Yield

1.25%

Discount/Premium to NAV

0.02%

Shares Outstanding

5.70M

Expense Ratio

0.35%

About VictoryShares US 500 Volatility Wtd ETF

Issuer

Victory Capital

Brand

VictoryShares

Home Page

https://www.vcm.com/products/victoryshares-etfs/victoryshares-etfs-list/victoryshares-us-500-volatility-wtd-etf

Inception Date

Jul 1, 2014

Structure

Open-Ended Fund

Index Tracked

Nasdaq Victory US Large Cap 500 Volatility Weighted Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Victory Capital Management, Inc. (Investment Management)

Distributor

Foreside Fund Services LLC

CFA combines a simple quality screen with a straightforward low-volatility weighting scheme. The 500 in the fund's name has no ties to the S&P 500. Instead, CFA takes the largest 500 publicly traded US stocks within the Nasdaq Global Index, screened for consecutive positive earnings in the last four quarters, and weights them inversely to their recent price volatility. Meaning, stocks with lower volatility receive a higher weighting while those with higher volatility receive a lower weighting. This produces a bigger basket than you'll find in low-vol SPLV and min-vol USMV. Sister funds CFO and CDC can move to cash in down markets and CDC also screens for high dividend yield.