UIVM Profile
The VictoryShares USAA MSCI International Value Momentum ETF is an actively managed exchange-traded fund designed to provide investors with exposure to developed international markets outside the United States. The fund focuses on capturing value and momentum factors within the MSCI World ex USA Index, which represents equity markets in developed economies excluding the U.S. It achieves this by investing at least 80% of its assets in securities that are included in the index, as well as depositary receipts and other instruments that reflect the performance of these securities.
The MSCI World ex USA Index encompasses a broad range of companies across developed markets, offering a comprehensive view of international equities. By targeting value and momentum factors, the fund aims to enhance returns by focusing on stocks that are undervalued relative to their fundamentals and those demonstrating strong recent performance. The value factor targets companies with low price-to-earnings ratios, while the momentum factor seeks to capitalize on stocks with recent upward trends in their prices.
To manage costs and minimize market impact, the fund employs a strategy of moderate index turnover. This approach allows the fund to adjust its holdings in response to changes in value and momentum factors while keeping trading costs in check. Additionally, the fund aims to maintain lower realized volatility compared to traditional capitalization-weighted indexes, which helps to offer a more stable investment experience while navigating the complexities of international markets.
Overall, the VictoryShares USAA MSCI International Value Momentum ETF is designed to provide investors with differentiated exposure to developed international markets by focusing on value and momentum strategies. Through a diversified portfolio of non-U.S. equities and related financial instruments, the fund seeks to deliver performance that aligns with its strategic objectives, offering both growth opportunities and risk management in the global equity landscape.
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