# VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cdl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Victory Capital · Asset class: US Equity - Strategy: Thematic · Inception: 2015-07-08 The VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) provides a distinct avenue for investors to access prominent, dividend-paying American companies. It deliberately sidesteps the typical constraints found in investment strategies reliant on traditional market-capitalization or pure yield-based weighting. The fund's primary objective is to closely replicate the performance of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index, before accounting for any fees or expenses. This is achieved through its unique Volatility Weighting Methodology, which integrat... ## Key Facts | Metric | Value | |---|---| | Price | $80.19 | | Expense Ratio | 0.39% | | Assets Under Management | $404.8M | | NAV | $80.16 | | Holdings Count | 102 | | Distribution Yield (TTM) | 3.08% | | Annual Distribution (TTM) | $2.47 /share | | Distribution Frequency | Monthly | | 52-Week Range | $67.30 – $81.88 | | Beta | 0.51 | ## Latest Distribution - Amount: $0.2128 /share - Ex-date: 2026-10-08 - Pay date: 2026-10-09 ## Frequently Asked Questions ### What does CDL invest in? The VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) provides a distinct avenue for investors to access prominent, dividend-paying American companies. It deliberately sidesteps the typical constraints found in investment strategies reliant on traditional market-capitalization or pure yield-based weighting. The fund's primary objective is to closely replicate the performance of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index, before accounting for any fees or expenses. This is achieved through its unique Volatility Weighting Methodology, which integrates fundamental analysis with a volatility-driven weighting approach, aspiring to deliver better returns than conventional cap-weighted indexing strategies. ### What is the expense ratio of CDL? VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CDL? VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) manages $404.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CDL actively managed or an index fund? CDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was CDL launched? VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) launched in July 2015 and is managed by Victory Capital. ### How has CDL performed? CDL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CDL pay a dividend? VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) currently distributes little or no income. Trailing-twelve-month yield is 3.08%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CDL pay dividends? VictoryShares US Large Cap High Div Volatility Wtd ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CDL's dividend yield? CDL's trailing-twelve-month yield is 3.08%, calculated from the sum of dividends over the past year divided by the current price. ### When is CDL's next ex-dividend date? The most recently announced ex-dividend date for CDL was 2026-10-08. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will CDL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CDL charge its expense ratio? The expense ratio is deducted in tiny daily slices from CDL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CDL cost more than a fund like VOO? CDL's strategy (current expense ratio 0.39%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CDL sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CDL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CDL (0.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cdl - Distribution history: https://www.dividenddata.com/funds/cdl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cdl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cdl/expenses - Peer comparison: https://www.dividenddata.com/funds/cdl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.