UEVM

UEVM offers a core emerging-market equity portfolio, with a preference toward value and momentum stocks. The fund's index selects constituents from the broader universe of large- and mid-cap companies in the Nasdaq Victory Emerging Market Value Momentum Index. Eligible securities are ranked by their value and momentum characteristics, relative to their economic sectors. Stocks in the top 25% are then selected for the index and are weighted by realized volatility, with lower volatility constituents receiving a higher proportion. A 5% capping is also implemented to limit overweighting in geographic regions relative to the parent index. Notably, UEVM uses representative sampling indexing, instead of replicating the index. The index is rebalanced on a quarterly basis. Prior to November 1, 2022, the fund name was VictoryShares USAA MSCI Emerging Markets Value Momentum ETF, and tracked the MSCI Emerging Markets Select Value Momentum Blend Index.