UIVM vs. QLVE ETF Comparison

Comparison of VictoryShares USAA MSCI International Value Momentum ETF (UIVM) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

UIVM

VictoryShares USAA MSCI International Value Momentum ETF

UIVM Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the MSCI World ex USA Select Value Momentum Blend Index. The fund invests at least 80% of its assets in securities in the index, depositary receipts on securities in the index and securities underlying depositary receipts in the index. The index delivers exposure to equity market performance in non-U.S. developed markets and provides higher exposure to value and momentum factors within the MSCI World ex USA Index while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$48.69

Average Daily Volume

4,537

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in emerging market countries. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.33

Average Daily Volume

3,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UIVM	QLVE
30 Days	-1.06%	2.88%
60 Days	1.30%	3.60%
90 Days	2.33%	5.54%
12 Months	19.56%	14.97%

2 Overlapping Holdings

	Symbol	Grade	Weight in UIVM	Weight in QLVE	Overlap
	KT	C	0.68%	0.5%	0.5%
	SKM	D	0.98%	0.75%	0.75%

UIVM Overweight 12 Positions Relative to QLVE

Symbol	Grade	Weight
E	C	0.84%
WFG	D	0.51%
BCS	A	0.49%
SHG	A	0.46%
KB	A	0.39%
AGCO	F	0.37%
SMFG	A	0.34%
MFG	A	0.33%
MUFG	A	0.33%
HMC	D	0.31%
NMR	C	0.29%
TM	D	0.28%

UIVM Underweight 10 Positions Relative to QLVE

Symbol	Grade	Weight
BABA	D	-2.2%
CHT	D	-1.0%
BAP	C	-0.86%
PDD	D	-0.79%
IBN	A	-0.69%
NTES	D	-0.55%
HDB	C	-0.47%
VALE	D	-0.25%
TCOM	C	-0.12%
BIDU	F	-0.09%