Symbols

CFO

VictoryShares US 500 Enhanced Volatility Wtd ETF·NASDAQ

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Key Stats

Assets Under Management

399.14MUSD

Fund Flow (1Y)

-47.07MUSD

Dividend Yield

1.33%

Discount / Premium to NAV

Shares Outstanding

5.40M

Expense Ratio

0.35%

About VictoryShares US 500 Enhanced Volatility Wtd ETF

Issuer

Victory Capital

Brand

VictoryShares

Home Page

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

Inception Date

Jul 1, 2014

Structure

Open-Ended Fund

Index Tracked

Nasdaq Victory US Large Cap 500 Long/Cash 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

CFO attempts to provide broad exposure to US large-caps while reducing the amount of attendant volatility. To this end, it employs three moving parts: a simple quality screen, low-volatility weighting, and a cash toggle. The quality screen removes firms with negative earnings over the past four quarters. Low-volatility weighting gives more weight to stocks with lower price variability and ignores correlations. CFO then adds a cash toggle that is triggered by a 10% drop from CFA's all-time high and moves 75% into cash. In severe downturns, CFO will leg back in as stock prices drop.