Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
0.2%
1 yr return
5.9%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
N/A
Net Assets
$104 M
Holdings in Top 10
4.4%
Expense Ratio 0.62%
Front Load N/A
Deferred Load N/A
Turnover 42.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets directly or indirectly in the securities included in the Victory International Volatility Weighted BRI Index (the “Index”), an unmanaged, volatility weighted index created by the Sub-Advisor (the “Index Provider”). The Index Provider is not affiliated with the Fund or the Advisor.
The Index Provider combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities, rather than traditional market cap weighting. Such methodology is sometimes referred to as “Smart Beta.” The Index follows a proprietary rules-based methodology, developed by the Sub-Advisor, to construct its constituent securities:
The Index universe begins with the stocks included in the Nasdaq Victory International Volatility Weighted Index, a volatility weighted index comprised of the 500 largest publicly traded foreign companies by market capitalization with positive earnings over the last twelve months.
The Fund’s Advisor provides the Sub-Advisor with the list of Excluded Securities that do not satisfy the Advisor’s proprietary BRI filtering criteria. The Index Provider then removes the Excluded Securities from the Index.
The Index considers foreign companies to be those that are organized or domiciled in a developed country (excluding the U.S. and emerging markets) and whose stock principally trades on a foreign exchange. Representative developed markets include Canada, France, Germany, Great Britain, Japan, Hong Kong and Australia.
The Index is reconstituted every April and October (based on information as of the prior month-end) and is adjusted to limit exposure to any particular country to 20% and any particular sector to 25%. As of March 31, 2023, the Index had a market capitalization range from $5.7 billion to $293.0 billion (in USD).
The Fund seeks to track the returns of the Index before fees and expenses by employing, under normal circumstances, a “sampling” process to invest in a representative sample of stocks included in the Index. The Fund’s portfolio managers select these stocks using a statistical optimization process designed to produce investment characteristics that closely approximate those of the Index.
The Fund will not knowingly invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or non-biblical lifestyles. The Fund also reserves the right to exclude investments, in its best judgment, in other companies whose practices may not fall within the exclusions described above, but can be found offensive to basic, traditional Judeo-Christian values. In the event a company is subsequently discovered to be engaged in a prohibited practice, it will be liquidated at the next re-balancing.
Period | TPIF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -9.7% | 25.4% | 74.07% |
1 Yr | 5.9% | -6.5% | 17.7% | 61.68% |
3 Yr | -0.8%* | -18.3% | 44.4% | 71.43% |
5 Yr | N/A* | -34.7% | 74.6% | 72.67% |
10 Yr | N/A* | -0.8% | 15.9% | 87.98% |
* Annualized
Period | TPIF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.7% | -7.3% | 22.0% | 44.01% |
2022 | -20.1% | -43.6% | 71.3% | 75.80% |
2021 | 7.8% | -28.5% | 18.9% | 26.91% |
2020 | 5.0% | -90.1% | 992.1% | 81.79% |
2019 | N/A | -1.9% | 38.8% | N/A |
Period | TPIF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -9.7% | 25.4% | 74.07% |
1 Yr | 5.9% | -6.5% | 17.7% | 61.68% |
3 Yr | -0.8%* | -18.3% | 44.4% | 71.43% |
5 Yr | N/A* | -34.7% | 74.6% | N/A |
10 Yr | N/A* | -0.8% | 15.9% | N/A |
* Annualized
Period | TPIF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.7% | 3.2% | 41.4% | 46.11% |
2022 | -18.1% | -43.6% | 144.8% | 77.47% |
2021 | 10.4% | -22.6% | 56.0% | 49.77% |
2020 | 7.2% | -89.7% | 1010.8% | 79.55% |
2019 | N/A | 4.3% | 38.8% | N/A |
TPIF | Category Low | Category High | TPIF % Rank | |
---|---|---|---|---|
Net Assets | 104 M | 2.56 M | 425 B | 88.51% |
Number of Holdings | 375 | 1 | 10801 | 28.85% |
Net Assets in Top 10 | 4.31 M | 0 | 41 B | 94.67% |
Weighting of Top 10 | 4.40% | 2.7% | 112.8% | 99.85% |
Weighting | Return Low | Return High | TPIF % Rank | |
---|---|---|---|---|
Stocks | 99.22% | 0.00% | 122.60% | 13.46% |
Cash | 0.77% | -22.43% | 100.00% | 74.26% |
Other | 0.01% | -2.97% | 43.01% | 38.46% |
Preferred Stocks | 0.00% | -0.01% | 7.80% | 89.35% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 81.75% |
Bonds | 0.00% | -1.67% | 71.30% | 83.14% |
Weighting | Return Low | Return High | TPIF % Rank | |
---|---|---|---|---|
Financial Services | 20.05% | 0.00% | 47.75% | 23.64% |
Industrials | 18.16% | 5.17% | 99.49% | 14.55% |
Basic Materials | 11.04% | 0.00% | 23.86% | 8.79% |
Utilities | 8.55% | 0.00% | 13.68% | 1.97% |
Technology | 8.51% | 0.00% | 36.32% | 76.97% |
Consumer Defense | 7.26% | 0.00% | 32.29% | 85.30% |
Healthcare | 6.88% | 0.00% | 21.01% | 93.03% |
Consumer Cyclical | 6.27% | 0.00% | 36.36% | 92.58% |
Communication Services | 5.20% | 0.00% | 21.69% | 71.06% |
Energy | 5.12% | 0.00% | 16.89% | 44.09% |
Real Estate | 2.98% | 0.00% | 14.59% | 21.67% |
Weighting | Return Low | Return High | TPIF % Rank | |
---|---|---|---|---|
Non US | 98.90% | 0.00% | 121.07% | 1.63% |
US | 0.32% | 0.00% | 103.55% | 92.75% |
TPIF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.01% | 18.22% | 80.00% |
Management Fee | 0.62% | 0.00% | 1.65% | 43.26% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
TPIF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
TPIF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
TPIF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.00% | 2.00% | 247.00% | 59.63% |
TPIF | Category Low | Category High | TPIF % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.90% | 24.74% |
TPIF | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
TPIF | Category Low | Category High | TPIF % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.94% | -0.93% | 6.38% | 37.73% |
TPIF | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Apr 15, 2024 | $0.106 | OrdinaryDividend |
Mar 13, 2024 | $0.219 | OrdinaryDividend |
Feb 13, 2024 | $0.005 | OrdinaryDividend |
Jan 16, 2024 | $0.001 | OrdinaryDividend |
Dec 20, 2023 | $0.052 | OrdinaryDividend |
Nov 10, 2023 | $0.011 | OrdinaryDividend |
Oct 13, 2023 | $0.082 | OrdinaryDividend |
Sep 08, 2023 | $0.043 | OrdinaryDividend |
Aug 10, 2023 | $0.007 | OrdinaryDividend |
Jul 12, 2023 | $0.049 | OrdinaryDividend |
Jun 13, 2023 | $0.137 | OrdinaryDividend |
May 12, 2023 | $0.065 | OrdinaryDividend |
Apr 13, 2023 | $0.120 | OrdinaryDividend |
Mar 14, 2023 | $0.052 | OrdinaryDividend |
Feb 14, 2023 | $0.017 | OrdinaryDividend |
Nov 10, 2022 | $0.002 | OrdinaryDividend |
Oct 13, 2022 | $0.067 | OrdinaryDividend |
Sep 13, 2022 | $0.056 | OrdinaryDividend |
Aug 11, 2022 | $0.003 | OrdinaryDividend |
Jul 13, 2022 | $0.069 | OrdinaryDividend |
Jun 14, 2022 | $0.146 | OrdinaryDividend |
May 12, 2022 | $0.072 | OrdinaryDividend |
Apr 13, 2022 | $0.147 | OrdinaryDividend |
Mar 15, 2022 | $0.026 | OrdinaryDividend |
Feb 14, 2022 | $0.013 | OrdinaryDividend |
Dec 20, 2021 | $0.134 | OrdinaryDividend |
Nov 10, 2021 | $0.007 | OrdinaryDividend |
Oct 12, 2021 | $0.082 | OrdinaryDividend |
Sep 13, 2021 | $0.045 | OrdinaryDividend |
Aug 11, 2021 | $0.004 | OrdinaryDividend |
Jul 13, 2021 | $0.036 | OrdinaryDividend |
Jun 14, 2021 | $0.120 | OrdinaryDividend |
May 12, 2021 | $0.053 | OrdinaryDividend |
Apr 13, 2021 | $0.101 | OrdinaryDividend |
Mar 15, 2021 | $0.017 | OrdinaryDividend |
Feb 12, 2021 | $0.093 | OrdinaryDividend |
Dec 18, 2020 | $0.054 | OrdinaryDividend |
Nov 16, 2020 | $0.001 | OrdinaryDividend |
Oct 09, 2020 | $0.066 | OrdinaryDividend |
Sep 11, 2020 | $0.031 | OrdinaryDividend |
Aug 14, 2020 | $0.077 | OrdinaryDividend |
Jul 10, 2020 | $0.037 | OrdinaryDividend |
Jun 12, 2020 | $0.052 | OrdinaryDividend |
May 15, 2020 | $0.033 | OrdinaryDividend |
Apr 09, 2020 | $0.084 | OrdinaryDividend |
Mar 13, 2020 | $0.031 | OrdinaryDividend |
Dec 20, 2019 | $0.033 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 02, 2019
2.5
2.5%
Free Foutz is the Portfolio Implementation Manager for Victory Capital Management with over 17 years of industry experience. Prior to joining Victory Capital Management, Mr. Foutz managed the Sub-Advisory Oversight Team for Charles Schwab Investment Management. He was also a voting member of CSIM’s Investment Oversight Committee. Previously, Mr. Foutz worked as a Senior Institutional Investment Analyst for Schwab’s Retirement Investment Services department conducting in- depth manager research and authoring proprietary research reports. Prior to that, he worked as a Registered Representative within Schwab Retirement Plan Services, counseling plan participants on a wide array of topics including personal finance and asset allocation and gaining unique insight into investor behavior. Mr. Foutz earned a Bachelor of Arts degree from Ohio University in Athens, Ohio. He is also a former Series 7 and Series 63 license holder. He currently holds the Series 3 license.
Start Date
Tenure
Tenure Rank
Dec 02, 2019
2.5
2.5%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.3 | 3.25 |
Dividend Investing Ideas Center
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