VictoryShares WestEnd Global Equity ETF (GLOW)

Overview

The VictoryShares WestEnd Global Equity ETF (WDIV) is a globally diversified equity fund that employs a rules-based methodology, focusing on value and quality factors across developed and emerging markets, excluding the US.

Reputation and Reliability

Victory Capital Management is a well-established asset manager with a solid reputation for delivering investment solutions. They offer a range of actively and passively managed investment products.

Management Expertise

Victory Capital's management team has extensive experience in asset management and a strong track record in implementing various investment strategies.

Goal

The ETF seeks to provide investment results that closely correspond to the performance of the WestEnd Global Equity Index.

Investment Approach and Strategy

Strategy: The ETF tracks the WestEnd Global Equity Index, which is designed to represent the performance of global equity securities, excluding the US, selected and weighted based on value and quality factors.

Composition The ETF primarily holds a diversified portfolio of equity securities from developed and emerging markets, excluding the United States.

Market Share: WDIV's market share within the global ex-US equity ETF segment is relatively small compared to larger, more established competitors.

Total Net Assets (AUM): 117548529

Key Competitors

• VEU
• VXUS
• ACWX
• SPDW

Competitive Landscape

The global ex-US equity ETF market is highly competitive, dominated by low-cost, market-cap-weighted ETFs like VEU and VXUS. WDIV distinguishes itself through its value and quality factor-based approach, which may appeal to investors seeking potentially higher returns but also introduces factor-specific risks. Its smaller size and higher expense ratio (compared to VEU/VXUS) may be disadvantages.

Historical Performance: Historical performance data should be consulted for a full picture.

Benchmark Comparison: The ETF's performance should be compared against the WestEnd Global Equity Index to assess its tracking efficiency.

Expense Ratio: 0.39

Average Trading Volume

The average trading volume for WDIV is relatively moderate, impacting ease of entry and exit for large positions.

Bid-Ask Spread

The bid-ask spread can vary but should be monitored to minimize trading costs.

Market Environment Factors

Global economic growth, international trade policies, currency fluctuations, and geopolitical events can all impact the performance of WDIV.

Growth Trajectory

Growth trajectory is tied to the performance of global ex-US equity markets and the effectiveness of its value/quality factor selection process; changes to the underlying index or investment strategy may affect future performance.

Competitive Edge

WDIV's competitive edge lies in its rules-based, factor-driven approach that targets value and quality stocks outside the US. This differentiated strategy may attract investors seeking an alternative to market-cap-weighted global ex-US ETFs. The fund's index methodology focuses on identifying companies with strong fundamentals and attractive valuations, potentially leading to outperformance over the long term. However, factor-based investing comes with its own set of risks, as the value and quality factors may not always be in favor.

Volatility

Volatility should be assessed based on the ETF's historical price fluctuations, considering both upside and downside movements.

Market Risk

Market risk includes the potential for losses due to broad market declines, as well as risks specific to the countries and sectors in which the ETF invests. Currency risk is also a relevant factor.

Ideal Investor Profile

WDIV is suitable for investors seeking globally diversified equity exposure, excluding the US, with a focus on value and quality factors. It may appeal to those who believe in the long-term benefits of factor-based investing.

Market Risk

WDIV is suitable for long-term investors who are comfortable with moderate risk and have a diversified portfolio. It's not designed for active traders seeking short-term gains.

VictoryShares WestEnd Global Equity ETF is a globally diversified equity fund excluding US companies, focusing on value and quality factors. It is designed for long-term investors seeking exposure to international markets and believe in factor-based investing. WDIV's factor-driven approach differentiates it from market-cap-weighted competitors, but its smaller size and higher expense ratio can be disadvantages. Investors should carefully consider the ETF's investment objective, risks, and fees before investing.

Data Sources:

• Victory Capital Management Website
• ETF.com
• Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.