# Portfolio overlap — CSB vs USVM

Comparing **VictoryShares US Small Cap High Div Volatility Wtd ETF** (2026-03-31) and **VictoryShares US Small Mid Cap Value Momentum ETF** (2026-03-31).

- Shared positions: 38
- VictoryShares US Small Cap High Div Volatility Wtd ETF covered by VictoryShares US Small Mid Cap Value Momentum ETF: 0.1687100738255546818866036872
- VictoryShares US Small Mid Cap Value Momentum ETF covered by VictoryShares US Small Cap High Div Volatility Wtd ETF: 0.1687100738255546818866036870

## VictoryShares US Small Cap High Div Volatility Wtd ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| IDACORP INC | 0.019080 |  |
| NEW JERSEY RESOURCES CORP | 0.017831 |  |
| ONE GAS INC | 0.017676 | ✓ |
| SPIRE INC | 0.016648 | ✓ |
| AVISTA CORP | 0.016569 | ✓ |
| SOUTHWEST GAS HOLDINGS INC | 0.016334 |  |
| AMER STATES WATE | 0.016111 |  |
| PORTLAND GENERAL ELECTRIC CO | 0.016067 | ✓ |
| NORTHWEST NATURAL HOLDING CO | 0.015805 | ✓ |
| MGE ENERGY INC | 0.015257 |  |
| BLACK HILLS CORP | 0.014912 | ✓ |
| OTTER TAIL CORPORATION | 0.014209 | ✓ |
| CALIF WATER SRVC | 0.013477 |  |
| MDU RESOURCES GROUP INC | 0.013384 | ✓ |
| UNITED BANKSHS | 0.011657 | ✓ |
| FIRST BUSEY CORP | 0.011508 |  |
| FIRST HAWAIIAN INC | 0.011458 |  |
| DOLBY LABORATORIES INC CL A | 0.011390 | ✓ |
| FIRST BANCORP PUERTO RICO | 0.011328 |  |
| MSC INDUSTRIAL DIRECT CO CL A | 0.011188 |  |
| GREIF INC-CL A | 0.011180 | ✓ |
| MAGNOLIA OIL and GAS CORPO CL A | 0.011155 |  |
| BANK OF HAWAII | 0.011129 |  |
| FIRST MERCHANTS CORP | 0.011115 |  |
| BANK OZK | 0.011058 | ✓ |
| CHORD ENERGY CORP | 0.011029 |  |
| ARTISAN PARTNERS ASSET MANAGEMENT INC A | 0.010798 |  |
| CLEARWAY ENERGY INC CL C | 0.010758 | ✓ |
| CVB FINANCIAL CORP | 0.010717 |  |
| SONOCO PRODUCTS CO | 0.010629 |  |
| ADT INC | 0.010530 | ✓ |
| FIRST FIN BANCRP | 0.010518 | ✓ |
| CALIFORNIA RESOU | 0.010432 |  |
| KORN FERRY | 0.010429 |  |
| WESBANCO INC | 0.010353 |  |
| FULTON FINANCIAL CORP | 0.010306 |  |
| ASSOCIATED BANC CORP | 0.010258 | ✓ |
| ARCHROCK INC | 0.010104 |  |
| PROVIDENT FINANCIAL SVCS INC | 0.010063 | ✓ |
| FRESH DEL MONTE | 0.010057 |  |
| COHEN & STEERS | 0.009963 |  |
| THE BUCKLE INC | 0.009914 |  |
| MARZETTI COMPANY/THE | 0.009848 |  |
| ONEMAIN HOLDINGS INC | 0.009847 |  |
| WYNDHAM HOTELS and RESORTS INC | 0.009831 |  |
| REYNOLDS CONSUMER PRODUCTS INC | 0.009637 |  |
| H&R BLOCK INC | 0.009448 |  |
| WARNER MUSIC GRP CORP CL A | 0.009429 |  |
| ATLANTIC UNION B | 0.009282 |  |
| MATADOR RESOURCES COMPANY | 0.009185 |  |

## VictoryShares US Small Mid Cap Value Momentum ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ONE GAS INC | 0.007389 | ✓ |
| SPIRE INC | 0.006959 | ✓ |
| AVISTA CORP | 0.006927 | ✓ |
| DYNEX CAPITAL | 0.006924 |  |
| ELLINGTON FINANCIAL INC | 0.006727 |  |
| PORTLAND GENERAL ELECTRIC CO | 0.006717 | ✓ |
| NORTHWEST NATURAL HOLDING CO | 0.006607 | ✓ |
| BROADSTONE NET LEASE INC | 0.006256 |  |
| BLACK HILLS CORP | 0.006234 | ✓ |
| AGNC INVESTMENT CORP | 0.006192 |  |
| ASSURED GUARANTY | 0.006009 |  |
| FEDERATED HERMES INC | 0.005998 |  |
| BLACKSTONE MORTGAGE TR CL A | 0.005973 |  |
| OTTER TAIL CORPORATION | 0.005940 | ✓ |
| UGI CORP NEW | 0.005819 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.005798 | ✓ |
| MONEYMKT | 0.005798 | ✓ |
| HSBC US GOVT MMKT-I | 0.005798 | ✓ |
| MSILF-GOVT-INS | 0.005798 | ✓ |
| NETSTREIT CORP | 0.005697 |  |
| MDU RESOURCES GROUP INC | 0.005595 | ✓ |
| RITHM CAPITAL CORP | 0.005494 |  |
| AMERICAN HEALTHCARE REIT INC | 0.005292 |  |
| AXIS CAPITAL | 0.005282 |  |
| EASTERLY GOVERNMENT PROPERTIES INC | 0.005206 |  |
| ESSENT GROUP LTD | 0.005193 |  |
| APPLE HOSPITALITY REIT INC | 0.005108 |  |
| MGIC INVT CORP | 0.005074 |  |
| ENACT HOLDINGS INC | 0.005066 |  |
| RENAISSANCERE | 0.005055 |  |
| GLOBAL NET LEASE INC | 0.005040 |  |
| WASHINGTON FEDERAL INC | 0.005019 |  |
| BOK FINL CORP | 0.004980 |  |
| UNIVERSAL CORP | 0.004949 |  |
| HILLTOP HOLDINGS | 0.004895 |  |
| LXP INDUSTRIAL TRUST REIT | 0.004893 |  |
| UNITED BANKSHS | 0.004873 | ✓ |
| WHITE MOUNTAINS | 0.004856 |  |
| TD SYNNEX CORP | 0.004846 |  |
| RADIAN GROUP INC | 0.004791 |  |
| UNUM GROUP | 0.004781 |  |
| WSFS FINANCIAL CORP | 0.004776 |  |
| DOLBY LABORATORIES INC CL A | 0.004761 | ✓ |
| OLD REPUBLIC INTL CORP | 0.004759 |  |
| BOYD GAMING CORP | 0.004748 |  |
| AMERIS BANCORP | 0.004705 |  |
| POPULAR INC | 0.004676 |  |
| GREIF INC-CL A | 0.004674 | ✓ |
| EPR PROPERTIES | 0.004672 |  |
| ORMAT TECHNOLOGIES INC | 0.004626 |  |


## Sources

- N-PORT (fund A) — accession `0001004726-26-004312` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1547580/000100472626004312/0001004726-26-004312-index.htm>
- N-PORT (fund B) — accession `0001004726-26-004321` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1547580/000100472626004321/0001004726-26-004321-index.htm>

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