Investment objective & strategy
As of Oct. 26, 2023 · prospectusObjective. The VictoryShares Nasdaq Next 50 ETF (the Fund) seeks to provide investment results that track the performance of the Nasdaq Q-50 Index (the Index) before fees and expenses.
Strategy. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the Index. The Index is maintained exclusively by Nasdaq, Inc. (the Index Provider). The Index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index. The Index is constructed without regard to market capitalization size, but its constituent companies typically will be large and mid cap. 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 in proportion to their weightings … The Fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the Index. The Index is maintained exclusively by Nasdaq, Inc. (the Index Provider). The Index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index. The Index is constructed without regard to market capitalization size, but its constituent companies typically will be large and mid cap. 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 in proportion to their weightings in the Index. The Index is reconstituted quarterly, and the companies in the Index are weighted by market capitalization. The Index may include more than or fewer than 50 stocks depending on the number of companies meeting the Index's criteria. As of September 30, 2023, the Index had a market capitalization range from $6.0 billion to $134.3 billion. From time to time, the Fund's investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated. As of the date of this Prospectus, the Index is not concentrated in any industry or group of industries, although it is more focused in the information technology sector . The Funds investments are subject to the following principal risks:
Top holdings
As of Sept. 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLOVIN CORP | — | $1.15M | 3.77% |
| MONOLITHIC POWER SYS INC | — | $1.15M | 3.76% |
| ALNYLAM PHARMACEUTICALS INC | — | $1.05M | 3.44% |
| EBAY INC | — | $944.10K | 3.10% |
| TRACTOR SUPPLY CO. | — | $930.69K | 3.05% |
| AXON ENTERPRISE INC | — | $895.50K | 2.94% |
| STRATEGY INC CL A | — | $873.35K | 2.87% |
| FIRST SOLAR INC | — | $791.72K | 2.60% |
| NETAPP INC | — | $749.95K | 2.46% |
| ICON PLC | — | $704.48K | 2.31% |
Portfolio moves
Jun 30, 2024 → Sep 30, 2024How 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. |
|---|---|---|
| MassMutual Fundamental Growth Fund | 16% | 1.49% |
| PSF Mid-Cap Growth Portfolio | 13% | 0.66% |
| Pioneer Select Mid Cap Growth Fund · PGRRX | 13% | 0.67% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of October 26, 2023, from the fund's prospectus.
- Net assets and holdings count as of September 30, 2024, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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