Investment objective & strategy
As of Oct. 24, 2025 · prospectusObjective. The VictoryShares US Large Cap High Div Volatility Wtd ETF (the Fund) seeks to provide investment results that track the performance of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the Index) before fees and expenses.
Strategy. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the Index), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the Index Provider). The Index Provider is not affiliated with the Fund or the Adviser. The Index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities: ? The Index universe begins with the stocks included in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index, a volatility weighted index comprised … The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index (the Index), an unmanaged, volatility weighted index maintained exclusively by Nasdaq, Inc. (the Index Provider). The Index Provider is not affiliated with the Fund or the Adviser. The Index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities. The Index follows a rules-based methodology to construct its constituent securities: ? The Index universe begins with the stocks included in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index, a volatility weighted index comprised of the 500 largest U.S. companies by market capitalization with positive earnings over the last twelve months. ? The Index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory US Large Cap 500 Volatility Weighted Index. ? The 100 stocks are weighted based on their daily standard deviation (volatility) of daily price changes over the last 180 trading days. Stocks with lower volatility receive a higher weighting and stocks with higher volatility receive a lower weighting. The Index is reconstituted every March and September (based on information as of the prior month-end) and is adjusted to limit exposure to any particular sector to 25%. The Index may include more than or fewer than 100 stocks depending on the number of companies meeting the Indexs criteria. As of September 30, 2025, the Index had a market capitalization range from $5.0 billion to $480.7 billion. The Fund generally seeks to track the returns of the Index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FIRSTENERGY CORP | — | $6.75M | 1.79% |
| DUKE ENERGY CORP NEW | — | $6.70M | 1.78% |
| WEC ENERGY GROUP INC | — | $6.60M | 1.75% |
| ALLIANT ENERGY CORPORATION | — | $6.29M | 1.67% |
| CMS ENERGY CORP | — | $6.28M | 1.67% |
| EVERGY INC | — | $6.21M | 1.65% |
| DTE ENERGY CO | — | $6.14M | 1.63% |
| SOUTHERN CO | — | $5.93M | 1.58% |
| CONSOLIDATED EDISON INC | — | $5.66M | 1.50% |
| PPL CORPORATION | — | $5.52M | 1.47% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VictoryShares US EQ Income Enhanced Volatility Wtd ETF · CDC | 99% | 0.35% |
| Pacer S&P 500 Quality FCF High Dividend ETF · QFHD | 47% | 0.49% |
| iShares Select Dividend ETF · DVY | 43% | 0.38% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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