VictoryShares US Small Mid Cap Value Momentum ETF (USVM)

Overview

The VictoryShares US Small Mid Cap Value Momentum ETF (Nasdaq: CSF) seeks to provide investment results that track the performance of the Nasdaq Victory US Small Mid Cap Value and Momentum Index. The fund invests in a diversified portfolio of small and mid-capitalization U.S. companies exhibiting both value and momentum characteristics.

Reputation and Reliability

VictoryShares is a part of Victory Capital Management, a reputable asset management firm with a long history in the investment industry. Victory Capital has a strong track record and is known for its disciplined investment processes.

Management Expertise

Victory Capital employs experienced investment professionals with expertise in quantitative analysis and portfolio management. Their team focuses on identifying companies with attractive value and momentum attributes.

Goal

To provide investment results that closely correspond, before fees and expenses, to the performance of the Nasdaq Victory US Small Mid Cap Value and Momentum Index.

Investment Approach and Strategy

Strategy: The ETF aims to track the Nasdaq Victory US Small Mid Cap Value and Momentum Index, which is a rules-based index that selects stocks based on value and momentum factors.

Composition The ETF holds primarily small and mid-capitalization U.S. stocks. It allocates its assets based on the index methodology, which emphasizes companies with strong value and momentum characteristics.

Market Share: CSF has a moderate market share within the small-mid cap value ETF segment.

Total Net Assets (AUM): 171400000

Key Competitors

• Avantis US Small Cap Value ETF (AVUV)
• Dimensional US Small Cap Value ETF (DFSV)
• Vanguard Small-Cap Value ETF (VBR)

Competitive Landscape

The small-mid cap value ETF space is competitive, with several established players. CSF's value-momentum strategy offers a differentiated approach. Competitors may have lower expense ratios or broader market exposure, giving them some advantage depending on the investor's goals. CSF's approach is advantageous for investors seeking value and growth through momentum. Competitors like VBR are passively managed whereas CSF is actively managed, providing CSF an advantage of adapting to market conditions.

Historical Performance: Historical performance data should be sourced from reputable financial data providers and reviewed across various time frames (e.g., 1 year, 3 years, 5 years, 10 years) to understand performance trends.

Benchmark Comparison: Compare the ETF's performance to the Nasdaq Victory US Small Mid Cap Value and Momentum Index to assess tracking efficiency.

Expense Ratio: 0.29

Average Trading Volume

The ETF's average trading volume indicates its liquidity, with higher volumes suggesting greater ease of buying and selling shares.

Bid-Ask Spread

The bid-ask spread reflects the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept, providing insight into trading costs.

Market Environment Factors

Economic growth, interest rates, inflation, and investor sentiment towards small and mid-cap companies all influence CSF.

Growth Trajectory

The fund's growth depends on the continued appeal of value and momentum investing and the performance of its underlying holdings. Changes to the index methodology could also affect its trajectory.

Competitive Edge

CSFu2019s competitive advantage lies in its unique combination of value and momentum factors within the small-mid cap space. The ETFu2019s rules-based approach offers transparency and consistency. Its focus on companies exhibiting both attractive valuations and positive price trends distinguishes it from broader small-cap value funds. This strategy may appeal to investors seeking enhanced returns through factor-based investing. VictoryShares' expertise in quantitative investing further strengthens its competitive position.

Volatility

Assess the fund's historical volatility using metrics such as standard deviation and beta.

Market Risk

The fund is subject to market risk, particularly related to small and mid-cap companies. These companies can be more volatile than large-cap stocks. Value stocks may underperform during growth-oriented market cycles.

Ideal Investor Profile

The ideal investor for CSF is one seeking exposure to U.S. small and mid-cap companies with value and momentum characteristics. They should have a moderate to high risk tolerance.

Market Risk

CSF may be suitable for long-term investors seeking factor-based exposure or active traders who believe in the value and momentum investment style.

The VictoryShares US Small Mid Cap Value Momentum ETF (CSF) offers a targeted investment strategy focused on small and mid-cap U.S. companies displaying both value and momentum characteristics. It tracks the Nasdaq Victory US Small Mid Cap Value and Momentum Index. The fund's expense ratio is competitive, and it provides a differentiated approach compared to broad-based small-cap ETFs. Investors should consider their risk tolerance and investment goals before investing in CSF.

Data Sources:

• VictoryShares
• Nasdaq
• Morningstar
• Yahoo Finance

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share data is estimated and may vary based on reporting sources. Historical performance is not indicative of future results.