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VictoryShares WestEnd Economic Cycle Bond ETF

Active ETF
BMDL
Payout Change
Pending
Price as of:
$25.46 +0.01 +0.02%
primary theme
N/A
BMDL (ETF)

VictoryShares WestEnd Economic Cycle Bond ETF

Payout Change
Pending
Price as of:
$25.46 +0.01 +0.02%
primary theme
N/A
BMDL (ETF)

VictoryShares WestEnd Economic Cycle Bond ETF

Payout Change
Pending
Price as of:
$25.46 +0.01 +0.02%
primary theme
N/A

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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VictoryShares WestEnd Economic Cycle Bond ETF

BMDL | Active ETF

$25.46

$57.8 M

3.00%

$0.76

0.56%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$57.8 M

Holdings in Top 10

59.5%

52 WEEK LOW AND HIGH

$25.5
$24.69
$26.34

Expenses

OPERATING FEES

Expense Ratio 0.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VictoryShares WestEnd Economic Cycle Bond ETF

BMDL | Active ETF

$25.46

$57.8 M

3.00%

$0.76

0.56%

BMDL - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    VictoryShares WestEnd Economic Cycle Bond ETF
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Jun 21, 2024
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund, under normal circumstances, has a policy to invest at least 80% of its assets in debt securities. The Fund also may invest in derivatives and other instruments that have economic characteristics similar to debt securities. The Fund counts investments in derivatives towards its “80% of assets” allocation. The Fund generally values each position at market price, but for purposes of assessing compliance with this test, the Fund generally will value a derivative instrument at its notional value.The debt securities in which the Fund may invest include: government obligations (including U.S., state, and local governments, their agencies and instrumentalities); corporate debt securities; mortgage- and asset-backed securities, repurchase agreements; and other securities considered to have debt-like characteristics (e.g., convertible or exchangeable obligations). Up to 100% of the Fund’s assets may be invested in corporate debt of any quality rating, including below-investment-grade, which are sometimes referred to as high-yield or “junk” bonds. The Fund may invest up to 20% of its net assets in U.S. dollar-denominated obligations of foreign and emerging market governments, corporations, and banks (i.e., Yankee Bonds).Victory Capital Management Inc. (the “Adviser”) serves as the Fund’s investment adviser. WestEnd Advisors, LLC (“WestEnd”) and Victory Income Investors (“Victory Income”), investment franchises of the Adviser, are responsible for portfolio construction and the day-to-day investment management of the Fund.In selecting investments, WestEnd examines economic factors such as interest rates, inflation, rates of economic growth, national income, gross domestic product, and unemployment, among others. WestEnd refers to these factors as “macroeconomic” factors. WestEnd then considers a security’s sensitivity to changes in interest rates (i.e., “duration”), fixed-income asset class (e.g., corporate debt or U.S. Treasuries), and credit exposure of potential investments that it believes will most benefit from those macroeconomic conditions. For example, if a debt instrument has a duration of three years and interest rates increase (decrease) by 1%, then the value of that debt instrument would be expected to decline (increase) by approximately 3%. WestEnd’s macroeconomic views and “macroeconomic factors” are referred to, together, as “macroeconomic conditions.”The Fund expects that the maturity and duration of its investments in debt securities to fluctuate over time based on active allocation decisions as the macroeconomic backdrop and interest rate environment evolve. While the Fund typically invests in debt securities of any maturity and duration, WestEnd applies risk management tools to monitor portfolio exposures and portfolio risk relative to the Fund’s benchmark.Victory Income implements WestEnd’s macroeconomic views by seeking to construct a portfolio that closely matches the portfolio criteria by using a proprietary credit rating methodology.Victory Income’s credit rating methodology includes, in addition to the Victory Income team’s insights and experience, a number of proprietary credit rating models specific to asset class and industry categories. These models are used to assess the credit risk of prospective securities for inclusion in the portfolio. The result of the credit assessment is the assignment of an internal credit rating. The same credit rating methodology is used both in initiating the prospective security’s internal credit rating and in the regular and periodic reviews conducted while the security is held.The Fund may use futures, including U.S. Treasury futures, to manage duration, increase or decrease its exposure to changing security prices or other factors that affect security values, enhance income, hedge against certain risks, or keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to a market.
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BMDL - Performance

Return Ranking - Trailing

Period BMDL Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period BMDL Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period BMDL Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period BMDL Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

BMDL - Holdings

Concentration Analysis

BMDL Category Low Category High BMDL % Rank
Net Assets 57.8 M N/A N/A N/A
Number of Holdings 412 N/A N/A N/A
Net Assets in Top 10 32.9 M N/A N/A N/A
Weighting of Top 10 59.52% N/A N/A N/A

Top 10 Holdings

  1. U S TREASURY NOTE 8.81%
  2. U S TREASURY NOTE 8.01%
  3. U S TREASURY BOND 7.37%
  4. U S TREASURY NOTE 7.25%
  5. U S TREASURY NOTE 5.32%
  6. U S TREASURY NOTE 4.93%
  7. UNITED STATES TREASURY BOND 4.51%
  8. U S TREASURY BOND 4.48%
  9. U S TREASURY BOND 4.48%
  10. U S TREASURY NOTE 4.36%

Asset Allocation

Weighting Return Low Return High BMDL % Rank
Bonds 		98.19% N/A N/A N/A
Cash 		1.81% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High BMDL % Rank
Derivative 		0.00% N/A N/A N/A
Cash & Equivalents 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High BMDL % Rank
US 		98.19% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

BMDL - Expenses

Operational Fees

BMDL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% N/A N/A N/A
Management Fee 0.35% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

BMDL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

BMDL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BMDL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

BMDL - Distributions

Dividend Yield Analysis

BMDL Category Low Category High BMDL % Rank
Dividend Yield 3.00% N/A N/A N/A

Dividend Distribution Analysis

BMDL Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

BMDL Category Low Category High BMDL % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

BMDL Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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BMDL - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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