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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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VictoryShares US EQ Income Enhanced Volatility Wtd ETF
ETF
CDC
Payout Change
Pending
Price as of:
$58.41
+0.87
+1.51%
primary theme
U.S. Large-Cap Value Equity
CDC (ETF)
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
Payout Change
Pending
Price as of:
$58.41
+0.87
+1.51%
primary theme
U.S. Large-Cap Value Equity
CDC (ETF)
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
Payout Change
Pending
Price as of:
$58.41
+0.87
+1.51%
primary theme
U.S. Large-Cap Value Equity
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.5%
1 yr return
-16.3%
3 Yr Avg Return
15.8%
5 Yr Avg Return
9.0%
Net Assets
$1.92 B
Holdings in Top 10
15.1%
52 WEEK LOW AND HIGH
$57.5
$57.54
$73.87
Expenses
OPERATING FEES
Expense Ratio 0.36%
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
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CDC - Profile
Distributions
- YTD Total Return -5.5%
- 3 Yr Annualized Total Return 15.8%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.80%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictoryShares US EQ Income Enhanced Volatility Wtd ETF
-
Fund Family NameVictory Capital
-
Inception DateJul 01, 2014
-
Shares Outstanding26750674
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMannik Dhillon
Fund Description
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 100 High Dividend Long/Cash 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. In accordance with a rules-based mathematical formula, the Index tactically reduces its exposure to the equity markets during periods of significant market decline and reallocates to stocks when market prices have further declined or rebounded. The term “Enhanced” in the Fund’s name refers to a feature of the Index that is designed to enhance risk-adjusted returns while attempting to minimize downside market risk through defensive positioning, as described below.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 less than 100 stocks depending on the number of companies meeting the Index’s criteria. As of September 30, 2022, the Index had a market capitalization range from $7.5 billion to $363.9 billion.The Index follows a mathematical index construction process designed to limit risk during periods of significant (non-normal) market decline by reducing its exposure to the equity market by allocating a portion of the index to cash or cash equivalents. Market decline is measured at month-end by reference to the Nasdaq Victory US Large Cap 100 High Dividend Volatility Weighted Index (“Reference Index”), which is composed of the same securities as in the Index but without any allocation to cash.A “significant market decline” means a decline of 8% or more from the Reference Index’s all-time daily high closing value compared to its most recent month-end closing value, during which the Index’s exposure to the market may be as low as 25% depending on the magnitude and duration of such decline.During a period of significant market decline that is 8% or more but less than 16% (the “initial trigger point”), the Index will allocate 75% of the stocks included in the Index to cash or cash equivalents, with the remaining 25% consisting of stocks included in the Reference Index.The Index will reallocate all or a portion of its cash or cash equivalents to stocks when the Reference Index reaches certain additional trigger points, measured at a subsequent month end, as follows:◼The Index will return to being 100% allocated to stocks if the subsequent month end closing value of the stocks in the Reference Index returns to a level that is less than the initial trigger point.◼If the Reference Index declines by 16% or more but less than 24% from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate an additional 25% to the stocks in the Reference Index at their current securities weightings and the Index will then be 50% allocated to stocks included in the Reference Index.◼If the Reference Index declines by 24% or more but less than 32% from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate another 25% to the stocks of the Reference Index at their current securities weighting and the Index will then be 75% allocated to stocks included in the Reference Index.◼If the Reference Index declines by 32% or more from its all-time daily high closing value as measured at a subsequent month end, the Index will reallocate the remaining 25% to the stocks in the Reference Index at their current securities weighting. At this point, the Index will be 100% allocated to stocks included in the Reference Index.The Index will make any prescribed allocations to cash in accordance with the mathematical formula only at month end. In the event that it does, the Fund may experience higher portfolio turnover and incur additional transaction costs.During any periods of significant market decline, when the Index’s exposure to the market is less than 100%, the cash portion of the Index will be invested in 30-day U.S. Treasury bills or in money market mutual funds that primarily invest in short-term U.S. Treasury obligations.While 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, at times the Fund may pursue its investment objective by investing in the Index securities indirectly by investing all or a portion of its assets in another investment company advised by the Adviser, including an exchange-traded fund (“ETF”), that seeks to track the Index or the Reference Index.
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CDC - Performance
Return Ranking - Trailing
| Period | CDC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.5% | -21.2% | 27.4% | 90.73% |
| 1 Yr | -16.3% | -61.1% | 51.5% | 74.44% |
| 3 Yr | 15.8%* | -22.7% | 64.3% | 4.48% |
| 5 Yr | 9.0%* | -17.2% | 29.8% | 3.73% |
| 10 Yr | N/A* | -16.4% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CDC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -7.9% | -65.1% | 38.0% | 26.60% |
| 2021 | 15.3% | -25.3% | 29.0% | 2.62% |
| 2020 | 4.1% | -8.4% | 56.7% | 5.39% |
| 2019 | 4.6% | -24.3% | 10.4% | 44.54% |
| 2018 | -1.2% | -9.4% | 21.9% | 6.68% |
Total Return Ranking - Trailing
| Period | CDC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.5% | -21.2% | 27.4% | 90.33% |
| 1 Yr | -16.3% | -61.1% | 61.5% | 74.98% |
| 3 Yr | 15.8%* | -22.7% | 64.3% | 4.45% |
| 5 Yr | 9.0%* | -16.2% | 32.9% | 6.03% |
| 10 Yr | N/A* | -3.7% | 21.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CDC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -7.9% | -65.1% | 38.0% | 26.60% |
| 2021 | 15.3% | -25.3% | 29.0% | 2.62% |
| 2020 | 4.1% | -8.4% | 56.7% | 5.39% |
| 2019 | 4.6% | -24.3% | 10.4% | 44.72% |
| 2018 | -1.2% | -8.9% | 21.9% | 16.10% |
CDC - Holdings
Concentration Analysis
| CDC | Category Low | Category High | CDC % Rank | |
|---|---|---|---|---|
| Net Assets | 1.92 B | 390 K | 151 B | 33.39% |
| Number of Holdings | 104 | 2 | 1727 | 29.52% |
| Net Assets in Top 10 | 290 M | 2.1 K | 32.3 B | 43.62% |
| Weighting of Top 10 | 15.10% | 5.0% | 99.2% | 97.03% |
Top 10 Holdings
- Procter & Gamble Co 1.86%
- Blackstone Inc 1.74%
- Watsco Inc 1.61%
- Southern Co 1.59%
- Lockheed Martin Corp 1.58%
- Johnson & Johnson 1.57%
- Alliant Energy Corp 1.57%
- PepsiCo Inc 1.56%
- Costco Wholesale Corp 1.55%
- American Electric Power Co Inc 1.53%
Asset Allocation
| Weighting | Return Low | Return High | CDC % Rank | |
|---|---|---|---|---|
| Stocks | 99.60% | 28.02% | 125.26% | 24.75% |
| Cash | 0.40% | -88.20% | 71.98% | 73.55% |
| Preferred Stocks | 0.00% | 0.00% | 19.30% | 60.48% |
| Other | 0.00% | -2.02% | 26.80% | 56.84% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 58.31% |
| Bonds | 0.00% | 0.00% | 80.18% | 59.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CDC % Rank | |
|---|---|---|---|---|
| Utilities | 26.37% | 0.00% | 27.04% | 0.16% |
| Financial Services | 17.10% | 0.00% | 58.05% | 70.11% |
| Consumer Defense | 14.23% | 0.00% | 34.10% | 10.09% |
| Healthcare | 10.16% | 0.00% | 30.77% | 92.78% |
| Energy | 7.66% | 0.00% | 54.00% | 48.52% |
| Consumer Cyclical | 6.55% | 0.00% | 22.74% | 40.14% |
| Technology | 5.99% | 0.00% | 54.02% | 91.30% |
| Communication Services | 5.03% | 0.00% | 26.58% | 57.76% |
| Basic Materials | 3.82% | 0.00% | 21.69% | 41.23% |
| Industrials | 3.09% | 0.00% | 42.76% | 97.20% |
| Real Estate | 0.00% | 0.00% | 90.54% | 93.01% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CDC % Rank | |
|---|---|---|---|---|
| US | 99.60% | 24.51% | 121.23% | 6.26% |
| Non US | 0.00% | 0.00% | 45.02% | 95.20% |
CDC - Expenses
Operational Fees
| CDC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.01% | 4.02% | 88.14% |
| Management Fee | 0.30% | 0.00% | 1.50% | 10.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| CDC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| CDC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| CDC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 93.97% |
CDC - Distributions
Dividend Yield Analysis
| CDC | Category Low | Category High | CDC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.98% | 0.00% | 42.27% | 3.15% |
Dividend Distribution Analysis
| CDC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| CDC | Category Low | Category High | CDC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.80% | -1.51% | 4.28% | 3.64% |
Capital Gain Distribution Analysis
| CDC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 14, 2023 | $0.194 | OrdinaryDividend |
| Feb 14, 2023 | $0.060 | OrdinaryDividend |
| Dec 20, 2022 | $0.516 | OrdinaryDividend |
| Nov 10, 2022 | $0.118 | OrdinaryDividend |
| Oct 13, 2022 | $0.183 | OrdinaryDividend |
| Sep 13, 2022 | $0.259 | OrdinaryDividend |
| Aug 11, 2022 | $0.076 | OrdinaryDividend |
| Jul 13, 2022 | $0.177 | OrdinaryDividend |
| Jun 14, 2022 | $0.217 | OrdinaryDividend |
| May 12, 2022 | $0.068 | OrdinaryDividend |
| Apr 13, 2022 | $0.199 | OrdinaryDividend |
| Mar 15, 2022 | $0.249 | OrdinaryDividend |
| Feb 14, 2022 | $0.077 | OrdinaryDividend |
| Jan 14, 2022 | $0.022 | OrdinaryDividend |
| Dec 20, 2021 | $0.430 | OrdinaryDividend |
| Nov 10, 2021 | $0.093 | OrdinaryDividend |
| Oct 13, 2021 | $0.187 | OrdinaryDividend |
| Sep 13, 2021 | $0.182 | OrdinaryDividend |
| Aug 11, 2021 | $0.129 | OrdinaryDividend |
| Jul 13, 2021 | $0.169 | OrdinaryDividend |
| Jun 14, 2021 | $0.086 | OrdinaryDividend |
| May 12, 2021 | $0.110 | OrdinaryDividend |
| Apr 13, 2021 | $0.203 | OrdinaryDividend |
| Mar 15, 2021 | $0.144 | OrdinaryDividend |
| Feb 12, 2021 | $0.109 | OrdinaryDividend |
| Jan 14, 2021 | $0.007 | OrdinaryDividend |
| Dec 18, 2020 | $0.280 | OrdinaryDividend |
| Nov 16, 2020 | $0.095 | OrdinaryDividend |
| Oct 09, 2020 | $0.128 | OrdinaryDividend |
| Sep 11, 2020 | $0.119 | OrdinaryDividend |
| Aug 14, 2020 | $0.052 | OrdinaryDividend |
| Jul 10, 2020 | $0.112 | OrdinaryDividend |
| Jun 12, 2020 | $0.156 | OrdinaryDividend |
| May 15, 2020 | $0.065 | OrdinaryDividend |
| Apr 09, 2020 | $0.047 | OrdinaryDividend |
| Mar 13, 2020 | $0.192 | OrdinaryDividend |
| Feb 14, 2020 | $0.081 | OrdinaryDividend |
| Jan 10, 2020 | $0.011 | OrdinaryDividend |
| Dec 20, 2019 | $0.307 | OrdinaryDividend |
| Nov 15, 2019 | $0.074 | OrdinaryDividend |
| Oct 17, 2019 | $0.179 | OrdinaryDividend |
| Sep 12, 2019 | $0.121 | OrdinaryDividend |
| Aug 16, 2019 | $0.041 | OrdinaryDividend |
| Jul 19, 2019 | $0.166 | OrdinaryDividend |
| Jun 17, 2019 | $0.160 | OrdinaryDividend |
| May 17, 2019 | $0.043 | OrdinaryDividend |
| Apr 18, 2019 | $0.168 | OrdinaryDividend |
| Mar 11, 2019 | $0.149 | OrdinaryDividend |
| Feb 15, 2019 | $0.073 | OrdinaryDividend |
| Jan 18, 2019 | $0.011 | OrdinaryDividend |
| Dec 21, 2018 | $0.248 | OrdinaryDividend |
| Nov 16, 2018 | $0.110 | OrdinaryDividend |
| Oct 19, 2018 | $0.141 | OrdinaryDividend |
| Sep 11, 2018 | $0.128 | OrdinaryDividend |
| Aug 17, 2018 | $0.070 | OrdinaryDividend |
| Jul 19, 2018 | $0.113 | OrdinaryDividend |
| Jun 15, 2018 | $0.179 | OrdinaryDividend |
| May 18, 2018 | $0.074 | OrdinaryDividend |
| Apr 19, 2018 | $0.166 | OrdinaryDividend |
| Mar 09, 2018 | $0.133 | OrdinaryDividend |
| Feb 16, 2018 | $0.044 | OrdinaryDividend |
| Jan 19, 2018 | $0.020 | OrdinaryDividend |
| Dec 27, 2017 | $0.275 | OrdinaryDividend |
| Nov 17, 2017 | $0.048 | OrdinaryDividend |
| Oct 19, 2017 | $0.141 | OrdinaryDividend |
| Sep 11, 2017 | $0.222 | OrdinaryDividend |
| Aug 18, 2017 | $0.057 | OrdinaryDividend |
| Jul 21, 2017 | $0.034 | OrdinaryDividend |
| Jun 16, 2017 | $0.123 | OrdinaryDividend |
| May 19, 2017 | $0.069 | OrdinaryDividend |
| Apr 21, 2017 | $0.162 | OrdinaryDividend |
| Mar 10, 2017 | $0.080 | OrdinaryDividend |
| Feb 17, 2017 | $0.063 | OrdinaryDividend |
| Jan 20, 2017 | $0.033 | OrdinaryDividend |
| Dec 16, 2016 | $0.177 | OrdinaryDividend |
| Nov 18, 2016 | $0.080 | OrdinaryDividend |
| Oct 21, 2016 | $0.104 | OrdinaryDividend |
| Sep 12, 2016 | $0.096 | OrdinaryDividend |
| Aug 19, 2016 | $0.112 | OrdinaryDividend |
| Jul 22, 2016 | $0.031 | OrdinaryDividend |
| Jun 17, 2016 | $0.099 | OrdinaryDividend |
| May 20, 2016 | $0.102 | OrdinaryDividend |
| Apr 22, 2016 | $0.116 | OrdinaryDividend |
| Mar 11, 2016 | $0.165 | OrdinaryDividend |
| Feb 19, 2016 | $0.122 | OrdinaryDividend |
| Jan 22, 2016 | $0.017 | OrdinaryDividend |
| Dec 31, 2015 | $0.181 | OrdinaryDividend |
| Nov 20, 2015 | $0.133 | OrdinaryDividend |
| Oct 23, 2015 | $0.025 | OrdinaryDividend |
| Sep 25, 2015 | $0.168 | OrdinaryDividend |
| Aug 21, 2015 | $0.107 | OrdinaryDividend |
| Jul 24, 2015 | $0.011 | OrdinaryDividend |
| Jun 19, 2015 | $0.109 | OrdinaryDividend |
| May 22, 2015 | $0.105 | OrdinaryDividend |
| Apr 24, 2015 | $0.028 | OrdinaryDividend |
| Mar 20, 2015 | $0.087 | OrdinaryDividend |
| Feb 20, 2015 | $0.114 | OrdinaryDividend |
| Jan 16, 2015 | $0.060 | OrdinaryDividend |
| Dec 19, 2014 | $0.151 | OrdinaryDividend |
| Nov 21, 2014 | $0.070 | OrdinaryDividend |
| Oct 24, 2014 | $0.027 | OrdinaryDividend |
| Sep 19, 2014 | $0.085 | OrdinaryDividend |
| Aug 22, 2014 | $0.100 | OrdinaryDividend |
CDC - Fund Manager Analysis
Managers
Mannik Dhillon
Start Date
Tenure
Tenure Rank
Jun 01, 2018
4.0
4.0%
Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.9 | 16.42 |
