VictoryShares US Value Momentum ETF

Frequently Asked Questions About ULVM

What does ULVM invest in?

ULVM tracks a multifactor index of US large-cap companies selected by equal parts value and momentum, with final weights determined by volatility. The starting universe comprises the components of the parent index, the Nasdaq US Large Cap 500 Index. Eligible US large-cap stocks are assigned value and momentum scores that are standardized by sector. Value scores are derived from price-to-earnings, price-to-book value, and enterprise value-to-operating cash flow ratios, while momentum scores are derived from price trends over the last six and twelve months. The index selects the top 25% of securities, and weights them by volatilityless volatile securities receive higher weighting. The index rebalances and reconstitutes quarterly. Prior to November 1, 2022, the fund name was VictoryShares USAA MSCI USA Value Momentum ETF, and tracked the MSCI USA Select Value Momentum Blend Index.

What is the expense ratio of ULVM?

VictoryShares US Value Momentum ETF (ULVM) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ULVM?

VictoryShares US Value Momentum ETF (ULVM) manages $264.0M 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 ULVM actively managed or an index fund?

ULVM is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ULVM's is 0.25%) because there's no security selection cost.

When was ULVM launched?

VictoryShares US Value Momentum ETF (ULVM) launched in October 2017 and is managed by Victory Capital.

How has ULVM performed?

ULVM'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.