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As of {morning_star_as_of_date_formatted}, {Fund-Name} received a Morningstar Rating of {morning_starrating_3Year} stars for the 3-year period, {morning_starrating_5Year} stars for the 5-year period and {morning_starrating_10Year} stars for the 10-year period, rated against {morning_starratingGroup_3Year}, {morning_starratingGroup5_Year} and {morning_starratingGroup_10Year} {category} Funds, respectively. Performance results represent past performance and are no guarantee of future results.

Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2024 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and 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 does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Morningstar Ratings are for the share classes cited only; other classes may have different ratings.

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Risk Definition:

Preservation of Capital

Funds in this risk category may be appropriate for those seeking to preserve their capital and can accept the lower returns in exchange for price stability.

Conservative

Funds in this risk category may be appropriate for those seeking to minimize fluctuations in the market by taking an income-oriented approach.

Moderately Conservative

Funds in this risk category may be appropriate for those seeking primarily income and secondarily moderate growth potential.

Moderate

Funds in this risk category may be appropriate for those seeking total return and long-term growth potential.

Moderately Aggressive

Funds in this risk category may be appropriate for those seeking growth and can tolerate wide fluctuations in market values, especially over the short term.

Aggressive

Funds in this risk category may be appropriate for those seeking aggressive growth and can tolerate significant fluctuation in market values.

Very Aggressive

Funds in this risk category may be appropriate for those seeking very aggressive growth and can tolerate extreme fluctuation in market values.

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You are now leaving the VictoryShares ETF website, click OK to proceed.

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You are now leaving the Victory Capital website and entering the VictoryShares ETF website, click OK to proceed.

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The content in this blog is primarily written for financial professionals. Click to continue if you wish to read further.

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FOR INSTITUTIONAL INVESTOR USE ONLY

This site is for Institutional Investor use only and not for public use or distribution. The information contained on this site is for informational purposes only without regard to the investment objective, financial situation or specific needs of any particular investor. It is not intended for use by institutional investors in a jurisdiction where distribution or purchase is not authorized.

An “Institutional Investor” means any:

  • bank, savings and loan association, insurance company or registered investment company;
  • investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act or with a state securities commission (or any agency or office performing like functions);
  • person (whether a natural person, corporation, partnership, trust or otherwise) with total assets of at least $50 million;
  • governmental entity or subdivision thereof;
  • employee benefit plan, or multiple employee benefit plans offered to employees of the same employer, that meet the requirements of Section 403(b) or Section 457 of the Internal Revenue Code and in the aggregate have at least 100 participants, but does not include any participant of such plans;
  • qualified plan, as defined in Section 3(a)(12)(C) of the Exchange Act, or multiple qualified plans offered to employees of the same employer, that in the aggregate have at least 100 participants, but does not include any participant of such plans;
  • FINRA member or registered person of such a member; or
  • person acting solely on behalf of any such institutional investor.

By accessing this site you confirm that you are an Institutional Investor, you agree not to forward or make the contents of this site available to any person who is not an Institutional Investor, and you agree to be subject to Victory Capital’s user agreement

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We use cookies to create a better website experience for you. By using the Victory Capital website, you accept the use of cookies in accordance with our website terms of use and privacy policy.

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MF Listing Share Class

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MF Listing IRA Eligible

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MF Listing Rating

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MF Listing Risk

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The fund’s risk and volatility are based on their investment category assigned by Morningstar. Each category is assigned a risk score on a scale of one to seven, depicted as a bar chart. Preservation of Capital has the lowest volatility level (one) and Very Aggressive as the highest volatility level (seven). Actual results will vary, and the volatility or risk score should not be considered or relied upon as an expected risk level or performance guarantee.

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MF Listing Asset Class

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An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset classes are thus made up of instruments that often behave similarly to one another in the marketplace.

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MF Listing Volatality

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MF Listing Investment

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We use cookies to create a better website experience for you. By using the Victory Capital website, you accept the use of cookies in accordance with our website terms of use and privacy policy.

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ETF Listing Asset Class

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An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset classes are thus made up of instruments that often behave similarly to one another in the marketplace.

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ETF Listing Solution Type

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A solution type in investing typically refers to a specific investment strategy or product designed to address particular needs or goals of investors.

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ETF Listing Risk

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The fund’s risk and volatility are based on their investment category assigned by Morningstar. Each category is assigned a risk score on a scale of one to seven, depicted as a bar chart. Preservation of Capital has the lowest volatility level (one) and Very Aggressive as the highest volatility level (seven). Actual results will vary, and the volatility or risk score should not be considered or relied upon as an expected risk level or performance guarantee.

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How to mail a check

 

For Victory Funds

 

Please mail your check to:

Victory Funds

P.O. Box 182903

Columbus, OH  43218-2903

 

Make your check payable to Victory Funds for your initial deposit and include a letter of instruction with your check indicating the fund name(s) and amount(s) for the deposit.

 

Your investment account balance may not show your deposit until the following day after the funds are deposited into your account.

It may take 7 to 10 business days after the funds are received for the funds to be invested into your portfolio.

 

For Marketplace accounts

 

Please mail your check to:

Pershing, LLC

P.O. Box 382121

Pittsburgh, PA 15250-8121

 

Make your check payable to Victory Capital Services, Inc. and include an instruction with your check indicating the account to which the funds are to be deposited.

 

Deposits will show in your account upon settlement and be available for trading.

 

 

 

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Fund Facts

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Risk measures

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Alpha is the excess return of a fund relative to the return of a benchmark index.

Beta is a measure of the volatility, or systematic risk, of a security or portfolio relative to the market or a benchmark.

R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that can be explained by movements in a benchmark index.

Standard Deviation measures an investment’s historical volatility, calculated using the investment’s annual rate of return.

Sharpe Ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.

Information Ratio is a measure of the value added per unit of active risk by a manager over the benchmark.

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Characteristics-equity

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Market Capitalization is the total dollar value of all outstanding shares computed as number of shares times current market price.

EPS is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

Long-Term Debt/Capitalization is an indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder's equity.

Average Price/Book Ratio compares a stock’s market value to the value of total assets less total liabilities (book value).

Average Price/Earnings Ratio is the current share price of a stock divided by its earnings per share.

Return on Equity is net income divided by common equity. A measure of how well a company used reinvested earnings to generate additional earnings.

Portfolio Turnover Ratio – LTM measures trading activity in a portfolio for the past year, indicating how often investments are bought and sold.

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Referral Program Details

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In order to qualify for this bonus program:

 

  1. New accounts must be created and funded on or after December 31, 2023 through June 1, 2023. 
  2. New accounts must set up an automatic investment of at least $50 per month.
  3. Account holders must submit the appropriate forms within 60 days of the new account opening.
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Characteristics-fixedincome

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Weighted Average Maturity is the weighted average amount of time until the securities in a portfolio mature. The higher the WAM, the longer it takes for all of the holdings in the portfolio to mature.

Average Effective Duration is a duration calculation for bonds that have embedded options. This measure of duration takes into account the fact that expected cash flows will fluctuate as interest rates change and is, therefore, a measure of risk.

Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures.

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Yield Measures

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30 Day SEC Yield is a standard yield calculation developed by the SEC for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the ast day of the period. The yeild figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses.

30 Day SEC Unsubsidized Yield does not reflect any fee waivers/reimbursements/limits in effect.

Dividend Yield (or “Dividend Rate”) is the dividend per share for the last 12 months divided by market price, excluding return on invested capital.

Tax Equivalent Yield is the interest rate on a taxable security that would provide a return matching that of a tax-exempt security. To calculate the taxable equivalent yield of a 5% municipal bond, divide its yield (5%) by 1 and subtract your tax rate. Investors in the 20% tax bracket would need a taxable yield of 6.25% to match a 5% tax-exempt yield.

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Fee waiver June 30

Net expense ratio reflects the contractual waiver and/or reimbursement of management fees through June 30, 2021.

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Net expense ratio reflects the contractual waiver and/or reimbursement of management fees through June 30, 2010.

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ETF details

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NAV % change is based on the last trade from the previous day’s close and does not represent the returns an investor would receive if shares were traded at other times. 

Bid/ask midpoint is the midpoint between the highest and lowest offer, as of the time that the Fund’s NAV is calculated, generally around 4pm (eastern time). 

The median bid/ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Market price is the price of the last reported trade on the fund’s primary exchange.

Premium/discount % indicates whether the ETF is currently selling at a higher or lower price than the current value of the securities in that portfolio.

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ETF yields not available

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Yields are not yet available for this fund.

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Correlation

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Correlation measures the degree to which two securities move in relation to each other. Perfect positive correlation (correlation coefficient +1) implies that both securities move in lockstep. Perfect negative correlation (–1) means that two assets move in opposite directions, while a zero correlation implies no relationship at all.

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SEC yields only

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30 Day Standardized Yield is a standard yield calculation developed by the SEC for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield."

Unsubsidized Yield does not reflect any fee waivers/reimbursements/limits in effect.

 

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Core exchanges

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Core Exchanges serve to filter eligible assets based on trading availability on vetted sources.

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Core custodians

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Core Custodians help to ensure that investment-grade asset custody is supported for Index constituents.

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ugift

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  1. Sign in to your account, then from your dashboard select the “Education” tab.
  2. Click on your loved one's 529 Plan account.
  3. Select “Share Ugift® code and view history of gifts”.
  4. Follow the directions on the page to share your Ugift® code with friends and family.

Get started

Let your loved one know that you made a contribution to their 529 Plan account. Download a gift certificate.

Victory Capital Holiday uGift

Download

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bonus

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An Owner and/or Joint Owner of a New Account can receive the Investment Bonus once for opening a mutual fund account and once for opening a USAA 529 Education Savings Plan Account. Otherwise, multiple accounts with the same tax ID number and Owner and/or Joint Owner do not qualify for multiple Investment Bonus payments.

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Mutual Fund No Loads

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Loads are sales charges an investor pays when they purchase, hold or sell shares in a mutual fund. The timing and frequency of the sales charge depends on the mutual fund share class. Victory Capital funds purchased directly from Victory Capital are available on a no-load or load-waived basis.

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Bonus Asset Transfer

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Download and complete the applicable form
for your qualifying account.

 

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Contact us

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+1 844-844-2644

Monday through Friday,
7:30 am-7:00 pm CT

 

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ETF Listing Volatality

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The fund’s risk and volatility are based on their investment category assigned by Morningstar. Each category is assigned a risk score on a scale of one to seven, depicted as a bar chart. Preservation of Capital has the lowest volatility level (one) and Very Aggressive as the highest volatility level (seven). Actual results will vary, and the volatility or risk score should not be considered or relied upon as an expected risk level or performance guarantee.

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ETF Listing Rating

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The Morningstar risk rating, or simply Morningstar rating, is a ranking given to publicly traded mutual funds and exchange traded funds (ETFs) by the investment research firm Morningstar. Risk is assessed across five levels designed to help investors quickly identify funds to consider for their portfolios.

Funds receive ratings ranging from 1 to 5, with 1 given to the worst performers and 5 for the best. The ranking is based on variations in a fund's monthly returns—with an emphasis on downside variations—as compared to similar funds.

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Test

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WEA 2024 Macro Update Video

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