Symbols

CDC

VictoryShares US EQ Income Enhanced Volatility Wtd ETF·NASDAQ

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Key Stats

Assets Under Management

710.99MUSD

Fund Flows (1Y)

-102.99MUSD

Dividend Yield

3.33%

Discount/Premium to NAV

0.01%

Shares Outstanding

10.60M

Expense Ratio

0.42%

About VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Issuer

Victory Capital

Brand

VictoryShares

Home Page

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

Inception Date

Jul 1, 2014

Structure

Open-Ended Fund

Index Tracked

Nasdaq Victory US Large Cap High Dividend 100 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

CDC looks for income in the large-cap space, with an eye toward avoiding downside via a variety of safety features. It starts with the basket held by its sibling fund CFA: 500 names ranked by market cap and screened for quality in the form of recent positive earnings. Then it ranks them by dividend yield and grabs the top 100 names for the basket but weights them by low volatility. However, when market conditions drop and the index falls 8% or more from its all-time closing high, it can move to 75% cash holdings. The index is reconstituted every March and September.