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Critical Facts You Need to Know About Preferred Stocks
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VictoryShares Nasdaq Next 50 ETF
ETF
QQQN
Payout Change
Pending
Price as of:
$31.72
+0.52
+1.67%
primary theme
U.S. Mid-Cap Growth Equity
QQQN (ETF)
VictoryShares Nasdaq Next 50 ETF
Payout Change
Pending
Price as of:
$31.72
+0.52
+1.67%
primary theme
U.S. Mid-Cap Growth Equity
QQQN (ETF)
VictoryShares Nasdaq Next 50 ETF
Payout Change
Pending
Price as of:
$31.72
+0.52
+1.67%
primary theme
U.S. Mid-Cap Growth Equity
Name
As of 10/11/2024Price
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
Vitals
YTD Return
17.7%
1 yr return
32.6%
3 Yr Avg Return
-0.9%
5 Yr Avg Return
N/A
Net Assets
$20.8 M
Holdings in Top 10
30.4%
52 WEEK LOW AND HIGH
$31.2
$22.51
$31.72
Expenses
OPERATING FEES
Expense Ratio 0.29%
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 10/11/2024Price
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
QQQN - Profile
Distributions
- YTD Total Return 17.7%
- 3 Yr Annualized Total Return -0.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.46%
- Dividend Yield 0.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictoryShares Nasdaq Next 50 ETF
-
Fund Family NameVictory Portfolios
-
Inception DateSep 10, 2020
-
Shares Outstanding4225000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMannik Dhillon
Fund Description
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 Fund’s investments are subject to the following principal risks:
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QQQN - Performance
Return Ranking - Trailing
| Period | QQQN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -11.4% | 77.6% | 28.57% |
| 1 Yr | 32.6% | 14.7% | 65.4% | 36.38% |
| 3 Yr | -0.9%* | -26.1% | 58.1% | 58.22% |
| 5 Yr | N/A* | -2.7% | 103.3% | 43.95% |
| 10 Yr | N/A* | 3.2% | 26.4% | 58.67% |
* Annualized
Return Ranking - Calendar
| Period | QQQN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -27.7% | 68.0% | 74.76% |
| 2022 | -29.8% | -85.6% | 52.8% | 43.46% |
| 2021 | 7.9% | -74.9% | 238.3% | 24.36% |
| 2020 | N/A | -44.1% | 2474.5% | N/A |
| 2019 | N/A | -50.2% | 44.0% | N/A |
Total Return Ranking - Trailing
| Period | QQQN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -11.4% | 77.6% | 28.57% |
| 1 Yr | 32.6% | 14.7% | 65.4% | 36.38% |
| 3 Yr | -0.9%* | -26.1% | 58.1% | 58.22% |
| 5 Yr | N/A* | -2.7% | 103.3% | N/A |
| 10 Yr | N/A* | 3.2% | 26.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | QQQN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.7% | -26.1% | 68.0% | 87.19% |
| 2022 | -29.2% | -67.0% | 56.8% | 60.19% |
| 2021 | 8.3% | -23.5% | 342.2% | 74.06% |
| 2020 | N/A | 2.6% | 2549.1% | N/A |
| 2019 | N/A | 14.6% | 44.8% | N/A |
QQQN - Holdings
Concentration Analysis
| QQQN | Category Low | Category High | QQQN % Rank | |
|---|---|---|---|---|
| Net Assets | 20.8 M | 2.73 M | 100 B | 96.76% |
| Number of Holdings | 61 | 24 | 3590 | 74.48% |
| Net Assets in Top 10 | 7.02 M | 670 K | 11.3 B | 96.76% |
| Weighting of Top 10 | 30.35% | 4.5% | 98.2% | 34.48% |
Top 10 Holdings
- MONOLITHIC POWER SYSTEMS INC 4.17%
- SUPER MICRO COMPUTER INC 4.14%
- ALNYLAM PHARMACEUTICALS INC 3.21%
- TRACTOR SUPPLY CO 3.04%
- EBAY INC 2.81%
- NETAPP INC 2.77%
- ICON PLC 2.70%
- WESTERN DIGITAL CORP 2.58%
- FIRST SOLAR INC 2.52%
- TERADYNE INC 2.41%
Asset Allocation
| Weighting | Return Low | Return High | QQQN % Rank | |
|---|---|---|---|---|
| Stocks | 93.27% | 58.72% | 103.99% | 95.05% |
| Cash | 4.94% | 0.00% | 41.99% | 11.05% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 86.86% |
| Other | 0.00% | -0.04% | 14.45% | 86.67% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 85.90% |
| Bonds | 0.00% | 0.00% | 2.35% | 86.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QQQN % Rank | |
|---|---|---|---|---|
| Technology | 42.44% | 0.04% | 62.17% | 6.29% |
| Healthcare | 18.00% | 0.00% | 37.06% | 47.43% |
| Consumer Cyclical | 12.51% | 0.00% | 57.41% | 65.90% |
| Communication Services | 9.38% | 0.00% | 18.33% | 6.29% |
| Energy | 6.71% | 0.00% | 62.10% | 7.24% |
| Industrials | 3.96% | 0.00% | 38.23% | 91.62% |
| Consumer Defense | 2.63% | 0.00% | 16.40% | 41.14% |
| Real Estate | 2.61% | 0.00% | 19.28% | 45.71% |
| Utilities | 1.77% | 0.00% | 12.94% | 13.33% |
| Financial Services | 0.00% | 0.00% | 43.01% | 98.86% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 95.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QQQN % Rank | |
|---|---|---|---|---|
| US | 93.27% | 46.79% | 103.99% | 84.00% |
| Non US | 0.00% | 0.00% | 34.12% | 89.90% |
QQQN - Expenses
Operational Fees
| QQQN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.29% | 0.02% | 17.54% | 95.81% |
| Management Fee | 0.15% | 0.00% | 1.50% | 4.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| QQQN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| QQQN 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.
| QQQN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 250.31% | N/A |
QQQN - Distributions
Dividend Yield Analysis
| QQQN | Category Low | Category High | QQQN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.54% | 0.00% | 33.43% | 9.90% |
Dividend Distribution Analysis
| QQQN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| QQQN | Category Low | Category High | QQQN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.46% | -2.24% | 2.75% | 7.93% |
Capital Gain Distribution Analysis
| QQQN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 08, 2024 | $0.014 | OrdinaryDividend |
| Sep 11, 2024 | $0.015 | OrdinaryDividend |
| Jul 10, 2024 | $0.020 | OrdinaryDividend |
| Jun 12, 2024 | $0.071 | OrdinaryDividend |
| Apr 11, 2024 | $0.040 | OrdinaryDividend |
| Mar 11, 2024 | $0.053 | OrdinaryDividend |
| Feb 09, 2024 | $0.003 | OrdinaryDividend |
| Jan 11, 2024 | $0.002 | OrdinaryDividend |
| Dec 27, 2023 | $0.005 | OrdinaryDividend |
| Dec 18, 2023 | $0.037 | OrdinaryDividend |
| Oct 11, 2023 | $0.010 | OrdinaryDividend |
| Sep 06, 2023 | $0.021 | OrdinaryDividend |
| Aug 08, 2023 | $0.021 | OrdinaryDividend |
| Jul 10, 2023 | $0.001 | OrdinaryDividend |
| Jun 09, 2023 | $0.047 | OrdinaryDividend |
| Apr 11, 2023 | $0.012 | OrdinaryDividend |
| Mar 10, 2023 | $0.018 | OrdinaryDividend |
| Feb 10, 2023 | $0.001 | OrdinaryDividend |
| Dec 16, 2022 | $0.054 | OrdinaryDividend |
| Nov 08, 2022 | $0.004 | OrdinaryDividend |
| Oct 11, 2022 | $0.009 | OrdinaryDividend |
| Sep 09, 2022 | $0.037 | OrdinaryDividend |
| Aug 09, 2022 | $0.034 | OrdinaryDividend |
| Jul 11, 2022 | $0.011 | OrdinaryDividend |
| Jun 10, 2022 | $0.049 | OrdinaryDividend |
| May 10, 2022 | $0.002 | OrdinaryDividend |
| Apr 11, 2022 | $0.008 | OrdinaryDividend |
| Mar 11, 2022 | $0.010 | OrdinaryDividend |
| Dec 16, 2021 | $0.015 | OrdinaryDividend |
| Oct 08, 2021 | $0.014 | OrdinaryDividend |
| Sep 09, 2021 | $0.009 | OrdinaryDividend |
| Aug 09, 2021 | $0.007 | OrdinaryDividend |
| Jul 09, 2021 | $0.019 | OrdinaryDividend |
| Jun 10, 2021 | $0.015 | OrdinaryDividend |
| Apr 09, 2021 | $0.015 | OrdinaryDividend |
| Mar 11, 2021 | $0.018 | OrdinaryDividend |
| Dec 16, 2020 | $0.037 | OrdinaryDividend |
| Nov 12, 2020 | $0.000 | OrdinaryDividend |
| Oct 07, 2020 | $0.005 | OrdinaryDividend |
QQQN - Fund Manager Analysis
Managers
Mannik Dhillon
Start Date
Tenure
Tenure Rank
Sep 09, 2020
1.72
1.7%
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 |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
