VLUE vs. ULVM ETF Comparison

Comparison of iShares MSCI USA Value Factor (VLUE) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$115.61

Average Daily Volume

324,164

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

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

$87.10

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	VLUE	ULVM
30 Days	4.45%	6.04%
60 Days	5.68%	7.87%
90 Days	7.63%	10.00%
12 Months	25.66%	37.10%

64 Overlapping Holdings

Symbol	Grade	Weight in VLUE	Weight in ULVM	Overlap
ADM	D	0.65%	0.44%	0.44%
AIG	B	0.5%	0.91%	0.5%
ALLY	C	0.1%	0.48%	0.1%
BAC	A	2.25%	0.92%	0.92%
BK	A	0.47%	1.22%	0.47%
BLDR	D	0.36%	0.4%	0.36%
C	A	1.78%	0.82%	0.82%
CFG	B	0.26%	0.66%	0.26%
CI	F	1.37%	0.87%	0.87%
CNC	D	0.57%	0.54%	0.54%
COF	B	0.66%	0.92%	0.66%
CTSH	B	1.1%	0.93%	0.93%
CVS	D	1.46%	0.58%	0.58%
DAL	C	0.25%	0.89%	0.25%
DELL	C	0.84%	0.34%	0.34%
DGX	A	0.19%	0.94%	0.19%
DHI	D	1.4%	0.47%	0.47%
DOW	F	0.23%	0.8%	0.23%
ELV	F	0.97%	0.69%	0.69%
EQH	B	0.12%	0.9%	0.12%
F	C	1.68%	0.46%	0.46%
FANG	D	0.6%	0.69%	0.6%
FCNCA	A	0.12%	0.72%	0.12%
FDX	B	1.18%	0.59%	0.59%
FITB	A	0.21%	0.76%	0.21%
FOXA	B	0.33%	0.99%	0.33%
GM	B	3.6%	0.72%	0.72%
GS	A	1.43%	0.96%	0.96%
HIG	B	0.22%	1.0%	0.22%
HPE	B	1.4%	0.58%	0.58%
HPQ	B	1.19%	0.6%	0.6%
IBM	C	3.86%	0.86%	0.86%
INTC	D	3.65%	0.39%	0.39%
IP	B	0.19%	0.75%	0.19%
KEY	B	0.13%	0.62%	0.13%
KHC	F	0.74%	0.8%	0.74%
KR	B	0.75%	0.96%	0.75%
L	A	0.13%	1.3%	0.13%
LDOS	C	0.19%	1.07%	0.19%
LEN	D	1.49%	0.54%	0.54%
LYB	F	0.22%	0.85%	0.22%
NTAP	C	0.52%	0.59%	0.52%
OC	A	0.36%	0.71%	0.36%
PFE	D	2.07%	0.65%	0.65%
PHM	D	0.94%	0.58%	0.58%
RTX	C	1.77%	1.02%	1.02%
SPG	B	1.26%	0.86%	0.86%
SSNC	B	0.25%	1.01%	0.25%
STLD	B	0.27%	0.81%	0.27%
SWKS	F	0.46%	0.38%	0.38%
SYF	B	0.24%	0.82%	0.24%
T	A	6.04%	1.09%	1.09%
TFC	A	0.54%	0.74%	0.54%
TSN	B	0.44%	0.88%	0.44%
TXT	D	0.24%	0.74%	0.24%
URI	B	0.77%	0.55%	0.55%
UTHR	C	0.23%	0.64%	0.23%
VLO	C	0.78%	0.62%	0.62%
VST	B	0.45%	0.67%	0.45%
VTRS	A	0.45%	0.73%	0.45%
VZ	C	2.91%	0.9%	0.9%
WAB	B	0.32%	1.03%	0.32%
WFC	A	1.92%	0.94%	0.94%
WY	D	0.55%	0.82%	0.55%

VLUE Overweight 84 Positions Relative to ULVM

Symbol	Grade	Weight
CSCO	B	6.43%
AMAT	F	2.37%
BMY	B	1.55%
MO	A	1.45%
GILD	C	1.29%
NXPI	D	1.12%
GLW	B	1.1%
TEL	B	1.02%
PCAR	B	0.76%
WBD	C	0.7%
ON	D	0.67%
PCG	A	0.63%
JCI	C	0.61%
CMI	A	0.6%
LHX	C	0.53%
EXPE	B	0.48%
USB	A	0.48%
D	C	0.47%
ZM	B	0.47%
MET	A	0.46%
PRU	A	0.45%
NUE	C	0.45%
MRO	B	0.44%
GEN	B	0.42%
FSLR	F	0.38%
BBY	D	0.38%
TAP	C	0.38%
FFIV	B	0.37%
CTRA	B	0.35%
TWLO	A	0.34%
OVV	B	0.33%
JNPR	F	0.33%
PPL	B	0.32%
JBL	B	0.31%
MTB	A	0.31%
EQT	B	0.28%
PARA	C	0.27%
EVRG	A	0.27%
STT	A	0.26%
LKQ	D	0.24%
LH	C	0.24%
ATO	A	0.23%
AZPN	A	0.23%
SNA	A	0.23%
CAG	D	0.23%
HST	C	0.23%
WBA	F	0.22%
SJM	D	0.22%
ES	D	0.22%
GPN	B	0.21%
BG	F	0.2%
EXE	B	0.2%
RF	A	0.2%
MAA	B	0.19%
RPRX	D	0.19%
KNX	B	0.19%
FOX	A	0.18%
UHS	D	0.18%
QRVO	F	0.18%
EG	C	0.17%
MOS	F	0.17%
CNH	C	0.17%
HBAN	A	0.17%
CF	B	0.16%
DINO	D	0.16%
APA	D	0.15%
AKAM	D	0.14%
SOLV	C	0.14%
APTV	D	0.13%
CPT	B	0.13%
SW	A	0.13%
ACI	C	0.12%
LUV	C	0.12%
UHAL	D	0.11%
FBIN	D	0.11%
NLY	C	0.11%
SWK	D	0.1%
EMN	D	0.1%
FNF	B	0.09%
HII	D	0.09%
DVA	B	0.08%
BEN	C	0.06%
WLK	D	0.05%
BIO	D	0.05%

VLUE Underweight 61 Positions Relative to ULVM

Symbol	Grade	Weight
KMI	A	-1.47%
FI	A	-1.39%
BRK.A	B	-1.38%
TRGP	B	-1.28%
ETR	B	-1.27%
WELL	A	-1.22%
PEG	A	-1.22%
WMT	A	-1.2%
BSX	B	-1.2%
LMT	D	-1.19%
DUK	C	-1.18%
PKG	A	-1.16%
GD	F	-1.11%
APP	B	-1.08%
JPM	A	-1.03%
GDDY	A	-1.0%
AVB	B	-0.98%
MCK	B	-0.96%
COST	B	-0.95%
UAL	A	-0.91%
NWSA	B	-0.9%
VICI	C	-0.9%
AXP	A	-0.9%
MLM	B	-0.89%
ESS	B	-0.87%
EXC	C	-0.86%
KIM	A	-0.85%
RGA	A	-0.85%
MSTR	C	-0.84%
GRMN	B	-0.82%
IR	B	-0.81%
EME	C	-0.81%
APH	A	-0.8%
IRM	D	-0.78%
CBRE	B	-0.76%
NVR	D	-0.75%
GOOGL	C	-0.74%
CSL	C	-0.73%
CASY	A	-0.72%
KKR	A	-0.72%
PSX	C	-0.71%
REGN	F	-0.68%
DD	D	-0.67%
CRBG	B	-0.67%
HCA	F	-0.67%
GE	D	-0.66%
HWM	A	-0.66%
MPC	D	-0.58%
VRT	B	-0.56%
ARE	D	-0.55%
TOL	B	-0.53%
THC	D	-0.52%
WSM	B	-0.52%
META	D	-0.51%
LLY	F	-0.49%
WDC	D	-0.46%
NVDA	C	-0.42%
AVGO	D	-0.41%
MU	D	-0.4%
CVNA	B	-0.38%
MRNA	F	-0.14%