The VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) is managed by Victory Capital Management Inc. This ETF seeks to achieve its investment objective by investing at least 80% of its assets in securities in the Index. Nasdaq, Inc. constructs the Index in accordance with a rules-based methodology, aiming to provide exposure to equity securities of small- and mid-capitalization U.S. issuers within the Nasdaq US 1300 Small Mid Cap Index. The Index is designed to focus on companies with higher exposure to value and momentum factors while maintaining moderate turnover and lower realized volatility compared to traditional capitalization-weighted indexes. USVM offers investors a unique approach to small- and mid-cap investing, emphasizing both value and momentum factors in its stock selection process, making it an appealing option for those seeking diversified exposure to this market segment.
The USAA MSCI USA Small Cap Value Momentum Blend Index ETF (USVM) offers investors a dividend distribution option, albeit with a primary focus on small-cap value stocks. Dividends from USVM are generally distributed on a periodic basis, typically quarterly. The eligibility for receiving dividends is determined by the performance and dividend policies of the small-cap value companies within the underlying index. While USVM may not be the go-to choice for income-seeking investors, it provides an opportunity for potential dividend returns in addition to exposure to the small-cap value segment of the U.S. stock market.
Tracking the Nasdaq US 1300 Value Momentum Blend Index is the primary objective of the USAA MSCI USA Value Momentum Blend Index ETF (USVM). This ETF aims to replicate the performance of the index by investing at least 80% of its assets in securities included in the index. The Nasdaq US 1300 Value Momentum Blend Index is constructed by Nasdaq, Inc. and consists of securities issued by U.S. small- and mid-capitalization companies. The index is designed to provide exposure to U.S. issuers within the Nasdaq US 1300 Small Mid Cap Index that exhibit higher exposure to value and momentum factors while maintaining moderate index turnover and lower realized volatility compared to traditional capitalization-weighted indexes. The value factor assesses a stock's attractiveness based on fundamentals such as book value and free cash flow, while the momentum factor evaluates whether a stock's price is trending upward or downward. USVM employs a replication strategy, seeking to hold all the stocks in the index, and may also invest up to 20% of its assets in instruments other than index securities, such as derivatives or index futures. This ETF is a suitable choice for investors looking to gain exposure to U.S. small- and mid-cap stocks with a focus on value and momentum factors.
The correlation aspect of the VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) is primarily influenced by its investment objective, which seeks to replicate the performance of the Nasdaq US Small Mid Cap Select Leaders Core Index. This index is designed to provide exposure to U.S. small- and mid-capitalization companies with a focus on value and momentum factors. Given its benchmark, USVM's correlation with the broader U.S. small- and mid-cap market is significant, making it an attractive option for investors seeking exposure to these segments. Investors can assess USVM's correlations with other assets and sectors to enhance portfolio diversification and make informed investment decisions.
The USAA MSCI USA Small Cap Value Momentum Blend Index ETF (USVM) focuses on the U.S. small- and mid-cap sector, with an emphasis on value and momentum factors. The ETF aims to track the performance of the Index, which selects securities from the Nasdaq US 1300 Small Mid Cap Index based on their value and momentum scores relative to their sector classification. By prioritizing these factors, USVM offers investors exposure to potentially undervalued stocks with positive momentum, seeking to strike a balance between value and growth in the small- and mid-cap space.
The exposure characteristic of the USAA MSCI USA Small Cap Value Momentum Blend Index ETF emphasizes its focus on Subscription Companies within various sectors of the economy. The USAA MSCI USA Small Cap Value Momentum Blend Index ETF invests in securities comprising an index designed by Fount Investment Co., Ltd. to measure the performance of companies engaged in the business of providing subscription services. As of the date of this Prospectus, these sectors include business services, consumer services, technology, telecommunications, and other service provider sectors. The Index Provider compiles data, applies proprietary artificial intelligence algorithms, and selects the top 50 securities by market capitalization with a minimum market capitalization of $300 million required for initial inclusion. The Index constituents are weighted according to a modified market capitalization weighting methodology that factors in expected Subscription Sector revenue, with weight caps in place. The ETF follows a passive management strategy designed to track the performance of the Index and may invest up to 20% of its total assets in investments not included in the Index to achieve this goal. As of December 1, 2022, the Index was concentrated in the Software Industry and the Communication Services Sector, reflecting the underlying composition of the Index.ETF Insider offers a web app and visualization tool that provides in-depth information about the exposure of various US ETFs, including USAA MSCI USA Small Cap Value Momentum Blend Index ETF. With this tool, investors can explore the ETF's market exposure, sector allocations, and regional concentrations. It also helps users identify overlaps and correlations with other ETFs, enabling them to make informed investment decisions based on a deep understanding of the fund's characteristics and holdings.
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