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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 Short-Term Bond ETF formerly VictoryShares USAA Core Short-Term Bond ETF

USTB | Active ETF

$50.25

$565 M

5.02%

$2.52

0.35%

Vitals

YTD Return

5.8%

1 yr return

8.0%

3 Yr Avg Return

3.2%

5 Yr Avg Return

3.1%

Net Assets

$565 M

Holdings in Top 10

11.7%

52 WEEK LOW AND HIGH

$50.3
$48.95
$50.91

Expenses

OPERATING FEES

Expense Ratio 0.35%

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 Short-Term Bond ETF formerly VictoryShares USAA Core Short-Term Bond ETF

USTB | Active ETF

$50.25

$565 M

5.02%

$2.52

0.35%

USTB - Profile

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VictoryShares Short-Term Bond ETF formerly VictoryShares USAA Core Short-Term Bond ETF
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Oct 26, 2017
  • Shares Outstanding
    7300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Julianne Bass

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 of three years or less. The debt securities in which the Fund typically invests include a mix of 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; and other securities believed to have debt-like characteristics. 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 sometimes are referred to as high-yield securities or “junk” bonds.The Fund may invest up to 20% of its net assets in foreign debt securities, including non-U.S. dollar-denominated securities and securities of companies in emerging market countries (i.e., those that are in the early stages of their industrial cycles). The Fund also may invest in securities not considered foreign securities that carry foreign credit exposure.The Fund may use futures, including U.S. Treasury futures, to manage duration, 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.
Read More

USTB - Performance

Return Ranking - Trailing

Period USTB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -0.2% 18.6% 8.37%
1 Yr 8.0% 2.3% 22.9% 8.94%
3 Yr 3.2%* -5.6% 5.3% 3.29%
5 Yr 3.1%* -4.1% 5.6% 4.90%
10 Yr N/A* -18.8% 170.4% 5.19%

* Annualized

Return Ranking - Calendar

Period USTB Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -1.6% 7.6% 49.62%
2022 -5.2% -17.7% -2.6% 15.53%
2021 -0.9% -4.0% 4.4% 13.97%
2020 2.4% -7.1% 7.6% 33.47%
2019 2.3% -2.3% 9.3% 31.86%

Total Return Ranking - Trailing

Period USTB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -0.2% 18.6% 8.37%
1 Yr 8.0% 2.3% 22.9% 8.94%
3 Yr 3.2%* -5.6% 5.3% 3.29%
5 Yr 3.1%* -4.1% 5.6% 4.90%
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period USTB Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% 1.8% 15.2% 19.66%
2022 -2.8% -17.3% -1.3% 5.05%
2021 0.9% -2.7% 7.7% 22.55%
2020 5.1% -2.4% 14.5% 26.94%
2019 5.1% 0.6% 12.6% 34.81%

USTB - Holdings

Concentration Analysis

USTB Category Low Category High USTB % Rank
Net Assets 565 M 14.5 K 57.3 B 67.11%
Number of Holdings 596 2 8314 35.74%
Net Assets in Top 10 74.3 M 1.05 M 6.81 B 79.09%
Weighting of Top 10 11.65% 1.9% 112.6% 86.31%

Top 10 Holdings

  1. U S TREASURY NOTE 2.08%
  2. U S TREASURY NOTE 1.85%
  3. U S TREASURY NOTE 1.55%
  4. U S TREASURY NOTE 1.38%
  5. BROOKFIELD COR TREASURY 0.99%
  6. U S TREASURY NOTE 0.94%
  7. GUADALUPE VAL ELEC 0.89%
  8. TARGA RESOURCES CORP 0.69%
  9. NORTHERN ILLINOIS GAS CO 0.66%
  10. FMC CORP 0.63%

Asset Allocation

Weighting Return Low Return High USTB % Rank
Bonds 		93.97% 0.00% 129.40% 26.05%
Cash 		6.45% -20.59% 71.38% 26.24%
Convertible Bonds 		0.29% 0.00% 27.71% 91.05%
Stocks 		0.00% 0.00% 99.96% 51.33%
Preferred Stocks 		0.00% 0.00% 24.12% 49.05%
Other 		0.00% -0.97% 71.57% 83.27%

Bond Sector Breakdown

Weighting Return Low Return High USTB % Rank
Corporate 		48.42% 0.00% 99.82% 38.86%
Securitized 		31.08% 0.00% 97.27% 33.71%
Municipal 		14.41% 0.00% 14.41% 0.19%
Cash & Equivalents 		6.45% 0.00% 71.38% 25.48%
Government 		0.11% 0.00% 73.63% 94.67%
Derivative 		0.00% -0.44% 27.90% 57.41%

Bond Geographic Breakdown

Weighting Return Low Return High USTB % Rank
US 		93.97% 0.00% 126.86% 24.33%
Non US 		0.00% 0.00% 82.20% 47.91%

USTB - Expenses

Operational Fees

USTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 3.29% 84.16%
Management Fee 0.25% 0.00% 1.19% 27.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

USTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

USTB 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.

USTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 10.33%

USTB - Distributions

Dividend Yield Analysis

USTB Category Low Category High USTB % Rank
Dividend Yield 5.02% 0.00% 11.11% 7.41%

Dividend Distribution Analysis

USTB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

USTB Category Low Category High USTB % Rank
Net Income Ratio 1.62% -1.27% 4.98% 22.24%

Capital Gain Distribution Analysis

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

Distributions History

View More +

USTB - Fund Manager Analysis

Managers

Julianne Bass

Start Date

Tenure

Tenure Rank

Oct 24, 2017

4.6

4.6%

Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“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 24, 2017

4.6

4.6%

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.

Kurt Daum

Start Date

Tenure

Tenure Rank

Oct 24, 2017

4.6

4.6%

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.

Brian Smith

Start Date

Tenure

Tenure Rank

Oct 24, 2017

4.6

4.6%

Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He is a member of the CFA Institute and the CFA Society of San Antonio.

James Jackson

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

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.

R.Neal Graves

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41

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