UEVM

VictoryShares Emerging Markets Value Momentum ETF

The USAA MSCI Emerging Markets Value Momentum Blend Index ETF tracks a multi-factor-selected, volatility-weighted index of stocks from emerging economies.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

178.8 M

ASSETS UNDER MGMT

45 bp

EXPENSES
Fund Basics
Fund sponsorUSAA Asset Management
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateOct 24, 2017
Assets (mns)$179
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMulti-Factor
WeightingVolatility
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
SUN PHARMACEUTICAL INDUS 1.3 %
BHARTI AIRTEL LIMITED 1.2 %
MRF LTD 1.2 %
IND & COMM BK OF CHINA - H 1.1 %
BOSCH LTD 1.1 %
LIC HOUSING FINANCE LTD 1.1 %
GENTING BERHAD 1.1 %
CIA PARANAENSE DE ENERGI-PFB 1.0 %
BANCO DO BRASIL SA 1.0 %
SIME DARBY BERHAD 1.0 %
Constituent Breakdown
Number of holdings173
Herfindahl-Hirschman Index 71
Wgt avg mkt cap (mns)$30,559
Large cap (>$10bn)47.7%
Mid cap ($2-10bn)51.4%
Small cap (<$2bn)0.9%
Developed mkts.3.3%
Emerging mkts.96.8%
Country Exposure
INDIA 25.5 %
CHINA 21.3 %
TAIWAN 18.5 %
BRAZIL 7.9 %
TURKEY 5.9 %
MALAYSIA 3.8 %
MEXICO 3.6 %
CHILE 2.4 %
SOUTH AFRICA 2.0 %
HONG KONG 1.8 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 11.8% 25.3% 21.6% 5.1% 7.0% -- 3.2%
Volatility 15.6% 15.3% 14.1% 15.7% 19.6% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6352%
MSCI EAFE0.7577%
MSCI Emg Mkts0.8187%
Liquidity Measures
Avg. volume (000)1
Turnover0.0%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$6,495
Technical Indicators
Recent close$47.06
30d moving avg.$49.13
Annualized volatility15.1%
Relative strength (RSI)48
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: UEVM vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.6 8.9 1.0 4.3% --
Based on closing prices from 11/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
UEVM



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

UEVM

12.4%

Cat. Avg

7.7%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.7% and a standard deviation of 4.1%. UEVM's ALTAR Score™ is approximately 1.1 standard deviations above the category average. This places UEVM in the 87th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

UEVM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
UEVM (45 bp) Percentile rank 25
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
UEVM 45.0 19.3 64.3
Peer Avg. 48.9 28.9 77.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .