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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VictoryShares Core Plus Intermediate Bond ETF, formerly VictoryShares ESG Core Plus Bond ETF

UBND | Active ETF

$21.58

$319 M

4.51%

$0.97

0.46%

Vitals

YTD Return

3.3%

1 yr return

7.9%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

N/A

Net Assets

$319 M

Holdings in Top 10

21.6%

52 WEEK LOW AND HIGH

$21.5
$20.91
$22.43

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VictoryShares Core Plus Intermediate Bond ETF, formerly VictoryShares ESG Core Plus Bond ETF

UBND | Active ETF

$21.58

$319 M

4.51%

$0.97

0.46%

UBND - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VictoryShares Core Plus Intermediate Bond ETF, formerly VictoryShares ESG Core Plus Bond ETF
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Oct 05, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    R.Neal Graves

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund primarily invests in securities that have a dollar-weighted average portfolio maturity between three to 10 years. The debt securities in which the Fund may invest include government obligations (including U.S., state, and local governments, their agencies and instrumentalities); mortgage- and asset-backed securities (including collateralized debt obligations and collateralized mortgage obligations); corporate debt securities; repurchase agreements; and other securities believed to have debt-like characteristics.Up to 65% of the Fund’s assets may be invested in corporate bonds. The Fund will invest primarily in investment-grade securities, but may invest up to 20% of its net assets in below-investment-grade securities, which are sometimes referred to as high-yield or “junk” bonds. The Fund may invest up to 20% of its net assets in U.S. dollar-denominated obligations of foreign and emerging market governments, corporations, and banks (i.e., Yankee Bonds). The Fund also may invest in securities not considered foreign securities that carry foreign credit exposure (e.g., any debt of a foreign company issued in U.S. dollars).The Adviser uses a proprietary credit rating methodology in selecting investments for the Fund.The Adviser’s credit rating methodology includes, in addition to the portfolio management team’s insights and experience, a number of proprietary credit rating models specific to asset class and industry categories. The Adviser uses these models to assess the credit risk of prospective securities for inclusion in the portfolio. The result of the credit assessment is the assignment of an internal credit rating. The same credit rating methodology is used both in initiating the prospective security’s internal credit rating and in the regular and periodic reviews conducted while the security is held.In applying its investment process, the Fund may also engage in relative value trading, a strategy in which the Fund reallocates assets across different asset classes, sectors, rating categories, structural characteristics, and issuers. Relative value trading is designed to take advantage of what the Adviser believes to be mispricing in the market and is intended to enhance the Fund’s returns, though it may increase the Fund’s portfolio turnover rate.The Fund may use futures, including U.S. Treasury futures, to manage duration (e.g., the Adviser may buy or sell U.S Treasury futures to bring the Fund’s duration closer to the duration of the Fund’s benchmark), increase or decrease its exposure to changing security prices or other factors that affect security values, enhance income, hedge against certain risks, or keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to a market.
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UBND - Performance

Return Ranking - Trailing

Period UBND Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -50.1% 6.9% 95.06%
1 Yr 7.9% -25.4% 139.4% N/A
3 Yr -0.9%* -13.0% 100.8% N/A
5 Yr N/A* -10.0% 55.1% N/A
10 Yr N/A* -7.4% 12.3% N/A

* Annualized

Return Ranking - Calendar

Period UBND Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -75.2% 1360.6% N/A
2022 -15.4% -14.5% 1027.9% N/A
2021 N/A -9.6% 118.7% N/A
2020 N/A -11.4% 5.8% 3.75%
2019 N/A -49.5% 12.4% 0.34%

Total Return Ranking - Trailing

Period UBND Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -50.1% 6.9% 96.61%
1 Yr 7.9% -25.4% 139.4% N/A
3 Yr -0.9%* -13.0% 100.8% N/A
5 Yr N/A* -10.0% 55.1% N/A
10 Yr N/A* -7.4% 13.1% N/A

* Annualized

Total Return Ranking - Calendar

Period UBND Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -75.2% 131.9% N/A
2022 -12.7% -14.5% 1027.9% N/A
2021 N/A -9.6% 118.7% N/A
2020 N/A -11.4% 5.8% 20.52%
2019 N/A -7.0% 12.4% 0.56%

UBND - Holdings

Concentration Analysis

UBND Category Low Category High UBND % Rank
Net Assets 319 M 1.19 M 287 B 78.53%
Number of Holdings 846 1 17234 71.83%
Net Assets in Top 10 75.9 M -106 M 27.6 B 78.44%
Weighting of Top 10 21.61% 3.7% 100.0% 66.97%

Top 10 Holdings

  1. U S TREASURY BOND 3.98%
  2. U S TREASURY BONDS 3.78%
  3. U S TREASURY BOND 2.75%
  4. U S TREASURY BONDS 1.88%
  5. U S TREASURY NOTE 1.76%
  6. U S TREASURY NOTE 1.60%
  7. U S TREASURY NOTE 1.59%
  8. U S TREASURY NOTE 1.48%
  9. U S TREASURY BOND 1.40%
  10. U S TREASURY NOTE 1.39%

Asset Allocation

Weighting Return Low Return High UBND % Rank
Bonds 		98.08% 3.97% 268.18% 43.23%
Cash 		2.56% -181.13% 95.99% 60.24%
Other 		0.02% -13.23% 23.06% 11.87%
Stocks 		0.00% -0.98% 24.74% 31.86%
Preferred Stocks 		0.00% 0.00% 77.13% 36.14%
Convertible Bonds 		0.00% 0.00% 10.39% 21.47%

Bond Sector Breakdown

Weighting Return Low Return High UBND % Rank
Cash & Equivalents 		2.56% 0.00% 95.99% 78.35%
Derivative 		0.02% 0.00% 25.16% 36.59%
Securitized 		0.00% 0.00% 98.79% 35.87%
Corporate 		0.00% 0.00% 100.00% 17.39%
Municipal 		0.00% 0.00% 100.00% 28.44%
Government 		0.00% 0.00% 86.23% 62.05%

Bond Geographic Breakdown

Weighting Return Low Return High UBND % Rank
US 		98.08% 3.63% 210.09% 46.47%
Non US 		0.00% -6.54% 58.09% 55.07%

UBND - Expenses

Operational Fees

UBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 2.93% 75.41%
Management Fee 0.35% 0.00% 1.76% 41.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

UBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% N/A

UBND - Distributions

Dividend Yield Analysis

UBND Category Low Category High UBND % Rank
Dividend Yield 4.51% 0.00% 12.67% 86.52%

Dividend Distribution Analysis

UBND Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

UBND Category Low Category High UBND % Rank
Net Income Ratio N/A -1.28% 8.97% N/A

Capital Gain Distribution Analysis

UBND Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

UBND - Fund Manager Analysis

Managers

R.Neal Graves

Start Date

Tenure

Tenure Rank

Oct 04, 2021

0.65

0.7%

R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

Kurt Daum

Start Date

Tenure

Tenure Rank

Oct 04, 2021

0.65

0.7%

Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.

James Jackson

Start Date

Tenure

Tenure Rank

Oct 04, 2021

0.65

0.7%

James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

John Spear

Start Date

Tenure

Tenure Rank

Oct 04, 2021

0.65

0.7%

CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.76 1.16

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