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Victory Shares LogoVictoryShares

Consider stepping on the dividend accelerator

Dividend growth may be a powerful indicator for company health, which
could prove invaluable to investors in the late stages of a business cycle.

Learn more
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VictoryShares is a specialist ETF provider with a focus on rules-based solutions that seek to bridge the gap between active and passive. The VictoryShares ETF product line includes single- and multi-factor strategies designed to seek a variety of outcomes, including maximum diversification, dividend income, and downside mitigation.

Click here for 2018 Estimated Capital Gains and other ETF documents

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Insight

Concentration - The Silent Killer

February 11, 2019

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

Featured

VictoryShares US Large Cap High Div Volatility Wtd ETF

The bull market recently celebrated its 10-year anniversary, but now pundits are bracing for slowing global growth and periods of heightened volatility. Where should investors turn? We believe a volatility weighted approach to high-dividend-yielding stocks is part of the solution.

CDL seeks a broad and balanced exposure high-dividend-yielding, large-cap US stocks.

Insight

The worm has turned

March 1, 2019

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.

Read More

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. The VictoryShares US 500 Volatility Wtd ETF, VictoryShares US Small Cap High Div Volatility Wtd ETF, VictoryShares US Discovery Enhanced Volatility Wtd ETF, VictoryShares Emerging Market Volatility Wtd ETF and VictoryShares USAA MSCI USA Small Cap Value Momentum ETF may invest in Small Cap companies. The earnings and prospects of smaller-sized companies are more volatile than larger companies. Small-sized companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies. The VictoryShares US 500 Volatility Wtd ETF ,VictoryShares US 500 Enhanced Volatility Wtd ETF, VictoryShares US Multi-Factor Minimum Volatility ETF and VictoryShares USAA MSCI USA Value Momentum ETF may invest in medium cap companies which involves additional risks such as limited liquidity and greater volatility than large cap companies. Victory Nasdaq Victory US Discovery Enhanced Volatility Wtd Index ETF, VictoryShares US 500 Enhanced Volatility Wtd ETF, VictoryShares Developed Enhanced Volatility Wtd ETF, VictoryShares US EQ Income Enhanced Volatility Wtd ETF,VictoryShares USAA Core Short-Term Bond ETF, and the VictoryShares USAA Core Intermediate-Term Bond ETF may invest, directly or indirectly, in “junk bonds”. Such securities are speculative investments that carry greater risks than higher quality debt securities. In general the price of a fixed income security falls when interest rates rise. The VictoryShares US Large Cap High Div Volatility Wtd ETF, VictoryShares US Small Cap High Div Volatility Wtd ETF, VictoryShares US Small Cap High Div Volatility Wtd ETF, VictoryShares International High Div Volatility Wtd ETF and VictoryShares Dividend Accelerator ETF high dividend strategies may not be successful. Dividend paying stocks may fall out of favor relative to the overall market. VictoryShares Developed Enhanced Volatility Wtd ETF may invest in securities included in, or representative of securities included in, the index, regardless of their investment merits. VictoryShares International High Div Volatility Wtd ETF, VictoryShares International Volatility Wtd ETF, VictoryShares Emerging Market Volatility Wtd ETF, VictoryShares Emerging Market High Div Volatility Wtd ETF, VictoryShares USAA MSCI International Value Momentum ETF and the VictoryShares USAA MSCI Emerging Markets Value Momentum ETF special risks associated with investments in foreign markets may include less liquidity, greater volatility, less developed or less efficient trading markets, lack of comprehensive company information, political instability and differing auditing and legal standards. The Fund’s net asset value could decline as a result of changes in the exchange rates between foreign currencies and the U.S. dollar. Additionally, certain foreign countries may impose restrictions on the ability of issuers of foreign securities to make payment of principal and interest to investors located outside the country, due to blockage of foreign currency exchanges or otherwise. These risks are greater in emerging markets.

Long is buying a security such as a stock, commodity or currency, with the expectation that the asset will rise in value. Short is the sale of a borrowed security, commodity or currency with the expectation that the asset will fall in value. Hedge is making an investment seeking to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a futures contract.

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)

Strategic beta refers to rules-based investment strategies that do not use traditional market capitalization weights. Rather, a strategic beta ETF uses alternative weighting schemes based on measures such as volatility or dividends.

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.

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.

The Nasdaq Victory US Large Cap 500 Volatility Weighted Index consists of 500 of the largest U.S. stocks with consistent positive earnings and with an equal weighting of risk among all 500 stocks. The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index is based on the daily price of Nasdaq Victory US Large Cap 500 Volatility Weighted Index. If the underlying index declines from its daily highest value, the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index will follow a predefined hedging and dollar cost averaging schedule based on the size of the decline of the underlying index. The Nasdaq Victory US Large Cap High Dividend 100 Long/Cash Volatility Weighted Index consists of the highest 100 dividends yielding stocks of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index. The Nasdaq Victory US Small Cap 500 Long/Cash Volatility Weighted Index is based on the month end price of the Nasdaq Victory US Small Cap 500 Volatility Weighted Index. The index seeks to limit risk during unfavorable market conditions by reducing its exposure to the market. During a period of market decline, the Index's exposure to the market may be as low as 25% depending on the magnitude of such decline. The Nasdaq Victory International 500 Long/Cash Volatility Weighted Index is based on the daily price of Nasdaq Victory International 500 Volatility Weighted Index. If the underlying index declines from its daily highest value, the Nasdaq Victory International Equity Hedge Volatility Weighted Index will follow a predefined hedging and dollar cost averaging schedule based on the size of the decline of the underlying index.

The Nasdaq Victory US Small Cap 500 Volatility Weighted Index consists of 500 of the largest US small cap stocks $3 Billion or less with consistent positive earnings and with an equal weighting of risk among all 500 stocks. The Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index consists of the highest 100 dividend yielding stocks of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index. The Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index consists of the highest 100 dividend yielding stocks of the Nasdaq Victory US Small Cap 500 Volatility Weighted Index.

The Nasdaq Victory International High Dividend 100 Volatility Weighted Index consists of the highest 100 dividend yielding stocks of the Nasdaq Victory International 500 Volatility Weighted Index. The Nasdaq Victory International 500 Volatility Weighted Index Consists of 500 of the largest developed country stocks with consistent positive earnings and with an equal weighting of risk among all 500 stocks. The Nasdaq Victory Emerging Market 500 Volatility Weighted Index consists of 500 of the largest emerging market country stocks with consistent positive earnings. These stocks are then weighted based on their standard deviation (volatility).

The Bloomberg Barclays US Credit Index measures the investment grade, US dollar-denominated, fixed-rate, taxable corporate and government related bond markets. It is composed of the US Corporate Index and a non-corporate component that includes foreign agencies, sovereigns, supranationals and local authorities. The Bloomberg Barclays US Aggregate Bond Index is an unmanaged index of the Government/Corporate Index, the Mortgage Backed Securities index, and the Asset-Backed Securities Index.

The MSCI USA Select Value Momentum Blend Index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers that have higher exposure to value and momentum factors while also maintaining moderate turnover and lower realized volatility than traditional capitalization weighted indexes. As of September 1, 2017, the market capitalization of the issuers in the Index ranged from $3.4 billion to $834 billion. The range may change from time to time. The Index ranks each stock based on its value and momentum scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock's value and momentum score. The Index then selects the top 25% and weighs them such that securities with lower realized volatility are given higher Index weights. The Index will rebalance quarterly. The MSCI USA SmallCap Select Value Momentum Blend Index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers that have higher exposure to value and momentum factors while also maintaining moderate turnover and lower realized volatility than traditional capitalization weighted indexes. As of September 1, 2017, the market capitalization of the issuers in the Index ranged from $132 million to $9.9 billion. The range may change from time to time. The Index ranks each stock based on its value and momentum scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock's value and momentum score. The Index then selects the top 25% and weighs them such that securities with lower realized volatility are given higher Index weights. The Index will rebalance quarterly. A liquidity filter is applied to screen out securities with low liquidity by selecting the top 90% based on the highest 12-month annualized traded value. The MSCI World ex USA Select Value Momentum Blend Index is designed to deliver exposure to equity market performance in non-U.S. markets for issuers that have higher exposure to value and momentum factors while also maintaining moderate turnover and lower realized volatility than traditional capitalization weighted indexes. As of September 1, 2017, the Index provided exposure to the following countries: Australia, Austria, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The Index ranks each stock based on its value and momentum scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock's value and momentum score. The Index then selects the top 25% and weighs them such that securities with lower realized volatility are given higher Index weights. The Index will rebalance quarterly. The Index has a defined a threshold of 5% in geographic regions. The Index is comprised of equity securities, including American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs"). The MSCI EM Select Value Momentum Blend Index is comprised solely of securities issued by companies in emerging market countries that have higher exposure to value and momentum factors while also maintaining moderate turnover and lower realized volatility than traditional capitalization weighted indexes. As of September 1, 2017, the emerging market countries include: Brazil, Chile, China, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates. A liquidity filter is applied to screen out securities with low liquidity. The Index ranks each stock based on its value and momentum scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock's value and momentum score. The Index then selects the top 25% and weighs them such that securities with lower realized volatility are given higher Index weights. The Index will rebalance quarterly. A liquidity filter is applied to screen out securities with low liquidity by selecting the top 90% based on the highest 12-month annualized traded value. The Index has a defined a threshold of 5% in geographic regions. The Index is comprised of equity securities, including American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs").

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).

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.