VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV US)
VSMV US$62.55
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 62.55
- Change
- ▲ 0.11 (0.17)
- Bid / Ask
- 53.98 - 71.80
- Volume
- 628
- Turnover
- 33,705
- Open
- 62.42
- Day Range
- 62.42 - 62.59
- VWAP
- 62.53
- Prev Close
- 62.44
- Last Trade
- 28/10 2:19pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$162.5M
OCT 2026
Distributions
Monthly
Since inception
9.4 yrs
JUN 2017
- Legal name
- VictoryShares US Multi-Factor Minimum Volatility ETF
- Issuer
- Victory Capital Management Inc.
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Large Value
- Category index
- Russell 1000 Value TR USD
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $162.5M
- Units on issue
- 2.6M
- Management fee
- 0.30% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 21 JUN 2017
- Listed
- 22 JUN 2017
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks to provide investment results that track the performance of the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index (the "index"). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 96.95%Non-US equity 3.01%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.96 | 99.96 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.04 | 0.04 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 14.36%Sensitive 62.92%Defensive 22.72%
- Basic Materials
- 1.33%
- Consumer Cyclical
- 4.26%
- Financial Services
- 8.50%
- Real Estate
- 0.28%
- Communication Services
- 4.67%
- Energy
- 9.20%
- Industrials
- 11.19%
- Technology
- 37.86%
- Consumer Defensive
- 11.52%
- Healthcare
- 11.19%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 96.99%Emerging markets 3.01%
- North America
- 96.99%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 3.01%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 96.99%
- China
- 3.01%
- Switzerland
- 0.00%
- Mexico
- 0.00%
- Ireland
- 0.00%
- United Kingdom
- 0.00%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Value
- Average moat
- Moderate
Size score
229
Small
Mid
Large
Value-growth score
45
Value
Blend
Growth
Economic moat
Wide 48%Narrow 45%None 7%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 13.27%
- Large
- 52.18%
- Mid
- 30.01%
- Small
- 4.55%
- Micro
- 0.00%
Giant 13%Large 52%Mid 30%Small 5%
- Average market cap
- $166.07B
- Number of holdings
- 63
- Shares held
- 61
Portfolio statistics · 21 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 19.90
- Price / book
- 5.06
- Price / sales
- 2.27
- Price / cash flow
- 12.59
- Dividend yield
- 1.75%
- Assets in top 10
- 41.22%
- Return on equity
- 40.51%
- Net margin
- 19.47%
- Earnings growth (3 yr)
- 10.99%
Top holdings · top 10 = 47.17% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Apple Inc AAPL | 11.99 | APR 2023 | 18.6M | USD | 55,747 | Technology | United States | |
| Lam Research Corp LRCX | 5.09 | OCT 2025 | 7.9M | USD | 23,986 | Technology | United States | |
| Qualcomm Inc QCOM | 4.40 | APR 2025 | 6.8M | USD | 37,046 | Technology | United States | |
| KLA Corp KLAC | 4.22 | OCT 2025 | 6.5M | USD | 33,531 | Technology | United States | |
| Johnson & Johnson JNJ | 4.17 | JUN 2017 | 6.5M | USD | 24,380 | Healthcare | United States | |
| Salesforce Inc CRM | 3.90 | APR 2025 | 6.0M | USD | 26,262 | Technology | United States | |
| ExxonMobil Holdings Corp XOM | 3.88 | OCT 2024 | 6.0M | USD | 36,907 | Energy | United States | |
| Walmart Inc WMT | 3.22 | JUN 2017 | 5.0M | USD | 47,963 | Consumer Defensive | United States | |
| Allstate Corp ALL | 3.17 | OCT 2024 | 4.9M | USD | 22,101 | Financial Services | United States | |
| Altria Group Inc MO | 3.12 | APR 2025 | 4.8M | USD | 71,736 | Consumer Defensive | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-2.6
3M
-0.1
6M
5.9
YTD
8.7
1Y
12.5
3Y
16.5
5Y
11.2
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -2.64 | -2.54 | -2.61 | 16 / 1,150 |
| 3 months | -0.13 | 0.01 | -0.05 | 65 / 1,138 |
| 6 months | 5.86 | 6.09 | 6.05 | 82 / 1,135 |
| Year to date | 8.75 | 8.88 | 9.03 | 75 / 1,126 |
| 1 year | 12.45 | 12.62 | 12.85 | 70 / 1,117 |
| 3 years p.a. | 16.51 | 16.60 | 16.91 | 60 / 1,055 |
| 5 years p.a. | 11.17 | 11.10 | 11.56 | 45 / 994 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2018
-0.2
2019
26.2
2020
5.2
2021
25.6
2022
-7.4
2023
12.2
2024
15.8
2025
16.7
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 16.71 | 15.15 | 32 / 1,107 |
| 2024 | 15.81 | 14.25 | 37 / 1,170 |
| 2023 | 12.24 | 10.28 | 44 / 1,217 |
| 2022 | -7.38 | -9.20 | 64 / 1,229 |
| 2021 | 25.61 | 23.91 | 56 / 1,207 |
| 2020 | 5.16 | 3.07 | 31 / 1,200 |
| 2019 | 26.22 | 23.73 | 40 / 1,209 |
| 2018 | -0.24 | -2.62 | 1 / 1,244 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 3.20 | 1.78 | 0.44 | — |
| Beta | 0.44 | 0.56 | 0.68 | — |
| R-squared | 45.76 | 55.73 | 75.10 | — |
| Standard deviation | 8.53 | 9.29 | 12.30 | — |
| Sharpe ratio | 0.97 | 1.22 | 0.61 | — |
| Sortino ratio | 1.60 | 2.05 | 0.96 | — |
| Tracking error | 9.72 | 8.25 | 7.86 | — |
| Information ratio | -0.34 | -0.77 | -0.33 | — |
| Upside capture % | 70.59 | 72.22 | 75.80 | — |
| Downside capture % | 52.16 | 68.94 | 71.81 | — |
| Maximum drawdown % | -3.82 | -4.76 | -16.56 | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
65.4
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 0.060
- Est. holding cost %
- 0.374
- Market impact cost %
- 0.018
- Best quarter
- 15.36% · JUN 2020
- Worst quarter
- -18.43% · MAR 2020
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.30% p.a.
- PDS dated
- 1 NOV 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.0740
- Ex Date
- 8 OCT 2026
- Record Date
- 8 OCT 2026
- Pay Date
- 9 OCT 2026
- NAV at ex date
- 60.60
- Paid this year
- 0.6301
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.7
2023
0.7
2022
0.7
2021
0.8
2020
0.6
2019
0.7
2018
0.7
2017
0.6
2016
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.7459 |
| 2023 | 0.6530 |
| 2022 | 0.7452 |
| 2021 | 0.7580 |
| 2020 | 0.5736 |
| 2019 | 0.6834 |
| 2018 | 0.6602 |
| 2017 | 0.6456 |
| 2016 | 0.3149 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 8 OCT 2026 | 0.0740 |
| 9 SEP 2026 | 0.1040 |
| 7 AUG 2026 | 0.0298 |
| 9 JUL 2026 | 0.0591 |
| 9 JUN 2026 | 0.1132 |
| 8 MAY 2026 | 0.0355 |
| 9 APR 2026 | 0.0567 |
| 10 MAR 2026 | 0.1005 |
| 9 FEB 2026 | 0.0332 |
| 8 JAN 2026 | 0.0241 |
| 11 DEC 2025 | 0.1435 |
| 7 NOV 2025 | 0.0263 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
18.40
Negligible
Low
Medium
High
Severe
Category average 18.85
- Rank in category
- 46th percentile of 3,985 funds
- Environmental risk
- 4.94
- Social risk
- 8.90
- Governance risk
- 4.46
- Portfolio covered
- 96.3%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 3.33%
- Low
- 62.88%
- Medium
- 31.18%
- High
- 2.61%
- Severe
- 0.00%
6.90% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
5.46
Low
Medium
High
Severe
Category average 10.33
- Carbon risk
- Low Risk
- Rank in category
- 28th percentile of 2,183 funds
- Fossil fuel involvement
- 0.72%
- Category average
- 12.33%
- Low Carbon Designation
- Yes
- Portfolio covered
- 96.3%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Mannik S. Dhillon
- Lela Dunlap
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 5.6 years
- Longest tenure
- 9.3 years
- Longest serving
- Mannik S. Dhillon · since 21 JUN 2017
- Most recent appointment
- Lela Dunlap · since 1 NOV 2024
- Managed since
- 21 JUN 2017
- Other funds managed
- 59
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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Action
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