ULVM vs. PKW ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to PowerShares Buyback Achievers (PKW)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$85.91

Average Daily Volume

2,584

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$122.92

Average Daily Volume

16,954

Number of Holdings ^*

191

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	PKW
30 Days	5.01%	5.94%
60 Days	7.56%	9.02%
90 Days	9.10%	11.35%
12 Months	35.97%	35.82%

26 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in PKW	Overlap
AIG	B	0.93%	1.6%	0.93%
APP	B	0.95%	2.89%	0.95%
BLDR	D	0.42%	0.68%	0.42%
CFG	B	0.67%	0.68%	0.67%
CNC	D	0.54%	1.01%	0.54%
CSL	C	0.77%	0.66%	0.66%
DD	C	0.68%	1.12%	0.68%
EQH	C	0.93%	0.49%	0.49%
FI	A	1.36%	4.0%	1.36%
FOXA	A	1.04%	0.33%	0.33%
GDDY	A	0.98%	0.85%	0.85%
HCA	F	0.7%	2.83%	0.7%
HIG	B	0.99%	1.13%	0.99%
L	A	1.28%	0.6%	0.6%
LMT	D	1.21%	4.13%	1.21%
MCK	A	0.95%	2.61%	0.95%
MPC	D	0.58%	1.75%	0.58%
PHM	D	0.59%	0.87%	0.59%
PSX	C	0.7%	1.79%	0.7%
STLD	B	0.78%	0.71%	0.71%
SYF	B	0.83%	0.83%	0.83%
THC	D	0.56%	0.48%	0.48%
TOL	B	0.54%	0.5%	0.5%
TXT	D	0.78%	0.51%	0.51%
VLO	C	0.62%	1.51%	0.62%
VST	A	0.61%	1.64%	0.61%

ULVM Overweight 99 Positions Relative to PKW

Symbol	Grade	Weight
KMI	A	1.42%
BRK.A	B	1.39%
ETR	B	1.25%
BK	A	1.23%
TRGP	A	1.22%
WELL	A	1.2%
WMT	A	1.18%
BSX	A	1.18%
PEG	A	1.18%
GD	D	1.17%
DUK	C	1.16%
PKG	A	1.13%
LDOS	C	1.11%
T	A	1.07%
JPM	A	1.05%
WAB	B	1.05%
SSNC	B	1.03%
RTX	D	1.03%
KR	B	1.0%
AVB	B	0.99%
GS	A	0.98%
CTSH	B	0.97%
COST	A	0.95%
WFC	A	0.94%
BAC	A	0.93%
COF	C	0.93%
DGX	A	0.92%
DAL	B	0.91%
AXP	A	0.91%
MLM	C	0.9%
NWSA	A	0.9%
UAL	A	0.89%
VICI	C	0.89%
TSN	B	0.89%
ESS	B	0.88%
VZ	C	0.88%
CI	D	0.88%
RGA	A	0.87%
LYB	F	0.86%
SPG	A	0.86%
GRMN	B	0.85%
EXC	C	0.85%
WY	F	0.84%
KIM	A	0.84%
IBM	C	0.84%
KHC	F	0.83%
C	A	0.83%
DOW	F	0.82%
APH	A	0.82%
IR	B	0.81%
EME	A	0.79%
FITB	B	0.78%
CBRE	B	0.77%
IRM	C	0.77%
NVR	D	0.77%
GM	C	0.76%
TFC	A	0.74%
GOOGL	C	0.74%
IP	A	0.73%
KKR	A	0.72%
REGN	F	0.72%
OC	A	0.72%
VTRS	A	0.71%
ELV	F	0.71%
CASY	A	0.71%
FANG	C	0.7%
FCNCA	A	0.69%
UTHR	C	0.68%
PFE	F	0.68%
GE	D	0.67%
CRBG	B	0.67%
HWM	A	0.64%
KEY	B	0.63%
HPQ	B	0.6%
FDX	B	0.6%
HPE	B	0.59%
ARE	F	0.58%
MSTR	B	0.58%
NTAP	C	0.57%
URI	C	0.57%
CVS	D	0.56%
LEN	D	0.55%
META	D	0.53%
LLY	F	0.51%
ALLY	C	0.49%
VRT	B	0.49%
F	C	0.48%
DHI	F	0.47%
WDC	D	0.46%
ADM	D	0.44%
AVGO	D	0.43%
NVDA	B	0.42%
MU	D	0.41%
INTC	C	0.41%
SWKS	F	0.39%
WSM	C	0.39%
CVNA	B	0.38%
DELL	B	0.34%
MRNA	F	0.16%

ULVM Underweight 165 Positions Relative to PKW

Symbol	Grade	Weight
BKNG	A	-5.49%
TMUS	B	-5.44%
CMCSA	B	-4.88%
JNJ	C	-4.53%
DE	B	-3.61%
PYPL	B	-2.83%
MAR	A	-2.59%
ORLY	B	-2.3%
CSX	C	-2.21%
AFL	B	-2.05%
HLT	A	-2.0%
MET	A	-1.91%
AZO	C	-1.77%
DFS	B	-1.42%
VRSK	A	-1.3%
CAH	B	-0.95%
STT	B	-0.94%
EXPE	B	-0.73%
EXPD	C	-0.55%
JEF	A	-0.5%
MGM	D	-0.37%
MUSA	B	-0.35%
PAG	B	-0.35%
WMS	F	-0.34%
CACI	D	-0.33%
EXP	B	-0.33%
PRI	B	-0.33%
ORI	A	-0.32%
CNM	D	-0.28%
DINO	D	-0.27%
HRB	D	-0.27%
WH	B	-0.25%
BERY	C	-0.25%
BRKR	D	-0.24%
R	B	-0.23%
BYD	B	-0.22%
MTN	C	-0.22%
WSC	F	-0.22%
CHH	A	-0.22%
MTG	C	-0.21%
AN	C	-0.21%
ARW	D	-0.2%
COOP	B	-0.2%
KBH	D	-0.19%
RH	C	-0.19%
CNX	A	-0.19%
GPI	B	-0.18%
VVV	D	-0.18%
AMG	B	-0.18%
PVH	C	-0.18%
SM	B	-0.17%
ABG	C	-0.17%
CRC	A	-0.17%
MATX	C	-0.17%
NXST	C	-0.17%
SLM	A	-0.17%
DDS	B	-0.17%
BC	C	-0.17%
OLN	F	-0.16%
NSIT	F	-0.16%
EEFT	B	-0.15%
IDCC	B	-0.15%
HGV	C	-0.14%
GOLF	B	-0.14%
TNET	F	-0.14%
SKYW	C	-0.14%
ASGN	F	-0.13%
CVCO	A	-0.13%
DXC	B	-0.12%
CAR	C	-0.12%
GFF	A	-0.12%
WU	F	-0.12%
CEIX	A	-0.12%
TNL	A	-0.12%
ASH	F	-0.12%
ASO	F	-0.11%
ATGE	B	-0.11%
NSA	C	-0.11%
HP	C	-0.11%
BTU	B	-0.11%
DOCN	C	-0.11%
HUN	F	-0.11%
FBP	C	-0.11%
SLVM	B	-0.11%
TGNA	B	-0.1%
LBRT	D	-0.1%
PK	C	-0.1%
DEI	B	-0.1%
CARG	B	-0.1%
BHF	C	-0.1%
VIRT	A	-0.1%
ATKR	D	-0.1%
AMR	C	-0.1%
VAC	C	-0.1%
GNW	A	-0.1%
ENVA	B	-0.09%
SPB	C	-0.08%
SEB	F	-0.08%
PRG	C	-0.07%
GBX	A	-0.07%
HURN	C	-0.07%
IART	C	-0.06%
AZTA	D	-0.06%
CASH	B	-0.06%
SAH	C	-0.05%
PLAY	D	-0.05%
ATSG	B	-0.05%
PEB	D	-0.05%
XHR	B	-0.05%
PZZA	F	-0.05%
CSGS	B	-0.05%
NAVI	F	-0.05%
DXPE	C	-0.04%
INVA	D	-0.04%
DK	C	-0.04%
HTZ	C	-0.04%
CNNE	B	-0.04%
JBGS	F	-0.04%
EIG	B	-0.04%
SNCY	C	-0.03%
LQDT	B	-0.03%
CGEM	F	-0.03%
RYI	C	-0.03%
STGW	A	-0.03%
HCKT	B	-0.03%
PRA	C	-0.03%
EGBN	B	-0.03%
ODP	F	-0.03%
JACK	C	-0.03%
ECVT	C	-0.03%
AMN	F	-0.03%
LILAK	D	-0.03%
XRX	F	-0.03%
SBSI	C	-0.03%
TBPH	B	-0.02%
ANAB	F	-0.02%
NFBK	C	-0.02%
HONE	C	-0.02%
FPI	B	-0.02%
LXU	B	-0.02%
OPY	B	-0.02%
NR	B	-0.02%
IMXI	B	-0.02%
SCHL	F	-0.02%
ZIP	D	-0.02%
LPRO	B	-0.02%
CHGG	C	-0.01%
SKIN	D	-0.01%
DBI	F	-0.01%
ZYXI	D	-0.01%
ONTF	C	-0.01%
TASK	C	-0.01%
WSBF	C	-0.01%
RLGT	B	-0.01%
DENN	D	-0.01%
MBI	B	-0.01%
GCO	C	-0.01%
CCRN	F	-0.01%
LWAY	C	-0.01%
LOCO	D	-0.01%
SENEA	A	-0.01%
LSEA	D	-0.01%
NECB	C	-0.01%
KELYA	F	-0.01%
MX	F	-0.0%