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VictoryShares Emerging Markets Value Momentum ETF

Why UEVM? 

  • Core building block for a globally diversified portfolio. 
  • Provides exposure to value and momentum factors. 
  • Seeks to balance risk across the portfolio by equalizing the volatility contribution of each security. 
  • Smart beta ETFs may have lower expenses than actively managed equity funds. 
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This information must be preceded or accompanied by a current prospectus. For standardized performance, click on the Performance tab above.

About UEVM

Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Nasdaq Victory Emerging Market Value Momentum Index. The 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. 

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 is comprised of equity securities, including American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs"). 

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On November 1, 2022, UEVM's name changed from VictoryShares USAA MSCI Emerging Markets Value Momentum ETF to VictoryShares Emerging Markets Value Momentum ETF. On the same day, the Fund began comparing its performance to the Nasdaq Emerging Market Large Mid Cap Index and the Nasdaq Victory Emerging Market Value Momentum Index, rather than the MSCI Emerging Market Index and the MSCI Emerging Markets Select Value Momentum Blend Index because the Fund changed its broad-based securities index to the Nasdaq Emerging Market Large Mid Cap Index and changed its Index to the Nasdaq Victory Emerging Market Value Momentum Index. *The Nasdaq Victory EM Val Mo/MSCI EM Sel Val Mo Blend performance reflects that of the MSCI Emerging Markets Select Value Momentum Blend Index through 10/31/2022 and the Nasdaq Victory Emerging Market Value Momentum Index from 11/1/2022 onward.

Past performance does not guarantee future results. The performance data quoted represents past performance and current performance may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on price of the last reported trade on the fund’s primary exchange. If you trade your shares at another time, your return may differ. ETF redemptions are limited and commissions are often charged on each trade. ETFs may trade at a premium or discount to their net asset value.

Returns include reinvestment of dividends and capital gains. Performance for periods greater than one year is annualized.

Fee waivers and/or expense reimbursements were in place for some or all periods shown, without which, fund performance would have been lower.

Net expense ratios reflect the contractual waiver and/or reimbursement of management fees through October 31, 2024.

High, double-digit returns are highly unusual and cannot be sustained. Investors should be aware that these returns were primarily achieved during favorable market conditions. 

Calendar year returns are shown at NAV.

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On November 1, 2022, UEVM's name changed from VictoryShares USAA MSCI Emerging Markets Value Momentum ETF to VictoryShares Emerging Markets Value Momentum ETF. On the same day, the Fund began comparing its performance to the Nasdaq Emerging Market Large Mid Cap Index and the Nasdaq Victory Emerging Market Value Momentum Index, rather than the MSCI Emerging Market Index and the MSCI Emerging Markets Select Value Momentum Blend Index because the Fund changed its broad-based securities index to the Nasdaq Emerging Market Large Mid Cap Index and changed its Index to the Nasdaq Victory Emerging Market Value Momentum Index. *The Nasdaq Victory EM Val Mo/MSCI EM Sel Val Mo Blend performance reflects that of the MSCI Emerging Markets Select Value Momentum Blend Index through 10/31/2022 and the Nasdaq Victory Emerging Market Value Momentum Index from 11/1/2022 onward.

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Risk Measures

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Top 10 Holdings

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Characteristics

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Sector Diversification

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Country Diversification

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Regional Diversification

Carefully consider a fund's investment objectives, risks, charges and expenses before investing. To obtain a prospectus or summary prospectus containing this and other important information, visit vcm.com/prospectus. Read it carefully before investing.

All investing involves risk, including the potential loss of principal.

The Fund has the same risks as the underlying securities traded on the exchange throughout the day and will incur the expenses of the underlying ETFs in which it invests. ETFs may trade at a premium or discount to their net asset value.

The Fund invests in securities included in, or representative of securities included in, the Index, regardless of their investment merits. The performance of the Fund may diverge from that of the Index.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Momentum investing may be more volatile than other investments. Momentum can turn quickly and the fund may experience significant losses if momentum stops, turns or behaves differently than predicted.

The Fund may frequently change its holdings, resulting in higher fees, lower returns, and more capital gains.

The value of your investment is also subject to geopolitical risks such as wars, terrorism, environmental disasters, and public health crises; the risk of technology malfunctions or disruptions; and the responses to such events by governments and/or individual companies.

The Nasdaq Emerging Market Large Mid Cap Index is a float adjusted market capitalization index designed to track the performance of securities in the NASDAQ Emerging Market Index that comprise the Large Mid-cap segment of companies designated as Emerging Markets.

VictoryShares ETFs are distributed by Foreside Fund Services, LLC (Foreside).  Victory Funds are distributed by Victory Capital Services, Inc. (VCS). VCS is not affiliated with Foreside.

Learn more about Foreside at FINRA's BrokerCheck.

The Nasdaq Emerging Market Large Mid Cap Index is a float adjusted market capitalization index designed to track the performance of securities in the NASDAQ Emerging Market Index that comprise the Large Mid-cap segment of companies designated as Emerging Markets.

Nasdaq® and the Nasdaq Victory Indexes are registered trademarks of NASDAQ, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Victory Capital Management Inc. The Fund(s) have not been passed on by the Corporations as to their legality or suitability. The Fund(s) are not issued endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND(S).

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed- end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Fund performance used for the rankings reflects certain fee waivers, without which, Morningstar rankings would have been lower and Morningstar ratings may have been lower.

Not FDIC Insured • May Lose Value • No Bank Guarantee

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©2024 Victory Capital Management Inc.