This site is for Institutional Investor use only and not for public use or distribution. The information contained on this site is for informational purposes only without regard to the investment objective, financial situation or specific needs of any particular investor. It is not intended for use by institutional investors in a jurisdiction where distribution or purchase is not authorized.

An “Institutional Investor” means any:

  • bank, savings and loan association, insurance company or registered investment company;
  • investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act or with a state securities commission (or any agency or office performing like functions);
  • person (whether a natural person, corporation, partnership, trust or otherwise) with total assets of at least $50 million;
  • governmental entity or subdivision thereof;
  • employee benefit plan, or multiple employee benefit plans offered to employees of the same employer, that meet the requirements of Section 403(b) or Section 457 of the Internal Revenue Code and in the aggregate have at least 100 participants, but does not include any participant of such plans;
  • qualified plan, as defined in Section 3(a)(12)(C) of the Exchange Act, or multiple qualified plans offered to employees of the same employer, that in the aggregate have at least 100 participants, but does not include any participant of such plans;
  • FINRA member or registered person of such a member; or
  • person acting solely on behalf of any such institutional investor.

By accessing this site you confirm that you are an Institutional Investor, you agree not to forward or make the contents of this site available to any person who is not an Institutional Investor, and you agree to be subject to Victory Capital’s user agreement

Redirect me to

Thank you for your interest in Victory Capital Management. To download this document, please complete the registration form below. You will only need to complete this form one time to access site content.

  • Victory Capital may use my email to send out periodic news, announcements, and product information.

*All fields are required

VictoryShares ETFs Insights

Actively managed fixed income ETFs are gaining traction


Traditionally, ETFs have been thought of as passively managed investments. But there's no reason that an active strategy cannot be effectively packaged into an ETF wrapper, pairing the potential benefits of active management with the liquidity, tax-efficiency, intra-day trading, and oftenlower fees associated with ETFs.

Download Now
Filter Insights
Clear Filters

Filter Insights

  • Cycles of concentration


    Concentration in the S&P 500® Index has reached extreme levels and performance has been severely skewed by a few mega-cap companies. But, history suggests that high concentration could spell opportunity, particularly for investors who understand the limitations of cap-weighting.

    Download Now
  • Take the high (dividend) road


    A global pandemic. Periods of extreme volatility. Extraordinary monetary and fiscal stimulus. How should investors allocate in these uncertain times? We believe a volatility-weighted approach to high-dividend stocks may be part of the solution.

    Download Now
  • Stepping on the dividend accelerator


    Investing in companies with accelerating dividends—as opposed to those that simply offer a high current dividend yield—may prove invaluable in the current environment.

    Download Now
  • What’s in your index?


    Investors would be wise to remember that a cap-weighted index like the S&P 500® Index can be swayed by just a few very large companies. Spreading risk more evenly across all constituents may prove to be a better approach for a core allocation.

    Download Now
  • Under the hood: A closer look at volatility weighting


    Volatility weighting, also known as risk weighting, may offer a better way to capture diversification benefits.

    Download Now
  • Bear necessity


    A rules-based strategy that systematically shifts allocations between stocks and cash may help curb emotional decision-making

    Download Now
  • In Brief: Barking up the wrong tree


    If investors prefer a diversified, rules-based approach to large-cap domestic stocks, a risk-weighted index might be a viable alternative.

    Read More
  • Concentration - The Silent Killer


    When an index weights stocks based on size, it can be significantly swayed by the movement of a few large companies. At VictoryShares, we take a different approach. Mannik Dhillon recently spoke with Nasdaq’s Jill Malandrino to explain why VictoryShares prefers to weight stocks based on volatility.

    Read More
  • Cap-weighting: A wolf in sheep’s clothing


    Beware the false sense of diversification offered by market-cap-weighted indexes.

    Read More
  • Liquidity: The value lies beneath


    A new ETF with low average daily trading volume may not mean it lacks liquidity.

    Read More
  • Volatility: A rose by any other name


    VictoryShares products use volatility to weight portfolios of stocks. They are not leveraged bets on market volatility.

    Read More
  • In Brief: Fishing in a smaller pond


    Our next generation low-volatility ETF aims to narrow the universe of investable companies using multiple factors in an effort to deliver a smoother ride.

    Read More
  • Looking beyond dividend-yielding ETFs


    The market has seen increasing demand for ETFs that provide income. Mannik Dhillon, President of VictoryShares and Solutions, discusses what’s driving this demand.

    MS conference video thumb
  • A seat at the table


    Make room for strategic beta and the elusive potential it offers

    Read More
  • Mannik Dhillon sheds light on strategic beta ETFs


    Mannik Dhillon, Head of Investment Solutions, Product and Strategy, recently spoke with Asset TV about the different ways to approach a strategic beta index or ETF.

    mannik thumb

Investments involve risk including possible loss of principal. ETFs have the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. The Funds are new exchange traded funds (“ETFs”) and have a limited history of operations for investors to evaluate. The Funds are not actively managed and do not, therefore, seek returns in excess of their respective Index. The Funds’ returns may not match the returns of their respective Index for a number of reasons, including: the Fund incurs operating expenses not applicable to the Index and incurs costs in buying and selling securities; the Fund may not be fully invested at times; differences in the valuation of securities and differences between the Fund’s portfolio and the Index resulting from legal restrictions, cost, or liquidity constraints. Diversification does not assure a profit or protect against loss in a declining market.

Please consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the VictoryShares ETFs can be found in the Fund's current prospectus. A prospectus with this and other important information about the Fund may be obtained by calling your Financial Advisor or shareholder services at 1.866.376.7890. Please read the prospectus carefully before investing. (Click here for prospectus) 

External Links: Certain hyperlinks will direct you to external, third-party websites that are not maintained by Victory Capital, Foreside Fund Services, LLC., or any of their affiliates. Neither Victory Capital nor Foreside Fund Services, LLC., controls these websites, or makes any representations or endorsements whatsoever concerning the content of the external sites. Please see our User Agreement for details.

The Nasdaq Victory Volatility Weighted Indexes are passive indexes that represent the broad market and are not indicative of any particular investment. Past returns do 
not guarantee future results. As with all indexes, these Indexes are unmanaged, and investors are not able to invest directly in any index. Index returns do not include any expenses. 

Nasdaq is a registered trademark of Nasdaq, Inc. and its affiliates (together, “Nasdaq”) and is licensed for use by Victory Capital. The product(s) are not issued, endorsed, sold, or promoted by Nasdaq. Nasdaq makes no warranties as to the legality or suitability of, and bears no liability for, the product(s).

As of July 1, 2019, Victory Capital Management Inc. is the investment advisor for VictoryShares USAA ETFs. The funds continue to be managed in accordance with the same investment approach and process and assumed the performance history of their respective predecessor fund at the closing of their Reorganization.

VictoryShares ETFs are distributed by Foreside Fund Services, LLC., member FINRA and SIPC.

Find out more about the background of this firm on FINRA's BrokerCheck.

Victory Capital Management Inc., not an affiliate of Foreside Fund Services, LLC., is the investment advisor to the Funds and receives a fee from the Funds for its services.

Victory Capital and its affiliates are not affiliated with United Services Automobile Association or its affiliates. USAA and the USAA logo are registered trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license.

VictoryShares ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.