Charles Booth
Citi Fund Services Ohio, Inc.
4400 Easton Commons, Suite 200
Columbus, Ohio 43219 |
Christopher K. Dyer
Victory Portfolios II
4900 Tiedeman Road, 4th Floor
Brooklyn, OH 44144 |
Jay G. Baris
Sidley Austin LLP
787 Seventh Avenue
New York, New York 10019 |
1 | |
1 | |
7 | |
13 | |
19 | |
25 | |
31 | |
38 | |
45 | |
51 | |
57 | |
64 | |
71 | |
78 | |
86 | |
92 | |
95 | |
96 | |
108 | |
109 | |
111 | |
113 | |
113 | |
116 | |
118 | |
133 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
11.91% |
13.29% |
10.78%1
|
After Taxes on Distributions |
11.53% |
12.92% |
10.42%1
|
After Taxes on Distributions and Sale of Fund Shares |
7.24% |
10.58% |
8.60%1
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses or taxes. |
18.40% |
15.22% |
12.64% |
Nasdaq Victory US Large Cap 500 Volatility Weighted Index
reflects no deduction for fees, expenses or taxes. |
12.27% |
13.69% |
11.17% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
10.45% |
11.86% |
9.60%1
|
After Taxes on Distributions |
10.01% |
11.51% |
9.26%1
|
After Taxes on Distributions and Sale of Fund Shares |
6.37% |
9.40% |
7.56%1
|
Indices | |||
Russell 2000® Index
reflects no deduction for fees, expenses or taxes. |
19.96% |
13.26% |
10.25% |
Nasdaq Victory US Small Cap 500 Volatility Weighted Index
reflects no deduction for fees, expenses or taxes. |
10.78% |
12.24% |
9.92% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
6.09% |
6.81% |
5.65%1
|
After Taxes on Distributions |
5.66% |
6.31% |
5.18%1
|
After Taxes on Distributions and Sale of Fund Shares |
3.95% |
5.36% |
4.45%1
|
Indices | |||
MSCI EAFE Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding
taxes. |
7.82% |
7.45% |
5.97% |
Nasdaq Victory International 500 Volatility Weighted Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding
taxes. |
6.45% |
7.16% |
7.97% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
-3.28% |
10.03% |
9.03%1
|
After Taxes on Distributions |
-4.15% |
9.18% |
8.20%1
|
After Taxes on Distributions and Sale of Fund Shares |
-1.48% |
7.84% |
7.04%1
|
Indices | |||
Russell 1000 Value Index
reflects no deduction for fees, expenses or taxes. |
2.80% |
9.74% |
8.07% |
Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index
reflects no deduction for fees, expenses or taxes. |
-3.07% |
10.42% |
9.41% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
10.73% |
12.63% |
10.47%1
|
After Taxes on Distributions |
9.49% |
11.66% |
9.53%1
|
After Taxes on Distributions and Sale of Fund Shares |
6.86% |
9.87% |
8.12%1
|
Indices | |||
Russell 2000® Value Index
reflects no deduction for fees, expenses or taxes. |
4.63% |
9.65% |
7.17% |
Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index
reflects no deduction for fees, expenses or taxes. |
10.97% |
13.01% |
10.82% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
-8.65% |
2.63% |
1.10%1
|
After Taxes on Distributions |
-9.25% |
1.86% |
0.37%1
|
After Taxes on Distributions and Sale of Fund Shares |
-4.50% |
2.23% |
1.04%1
|
Indices | |||
MSCI EAFE Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes. |
7.82% |
7.45% |
5.97% |
Nasdaq Victory International High Dividend 100 Volatility Weighted Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes. |
-8.16% |
3.05% |
1.56% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
-4.13% |
0.87%1
|
After Taxes on Distributions |
-4.42% |
-0.11%1
|
After Taxes on Distributions and Sale of Fund Shares |
-1.32% |
0.70%1
|
Indices | ||
MSCI Emerging Markets Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes. |
18.31% |
7.20% |
Nasdaq Victory Emerging Market High Dividend 100 Volatility Weighted Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes. |
-3.53% |
2.35% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
12.76% |
14.82%1
|
After Taxes on Distributions |
12.32% |
14.37%1
|
After Taxes on Distributions and Sale of Fund Shares |
7.81% |
11.66%1
|
Indices | ||
S&P 500® Index
reflects no deduction for fees, expenses or taxes. |
18.40% |
15.71% |
Nasdaq Victory Dividend Accelerator Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes. |
13.13% |
15.22% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since inception |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
5.17% |
11.57%1
|
After Taxes on Distributions |
4.63% |
10.92%1
|
After Taxes on Distributions and Sale of Fund Shares |
3.39% |
8.94%1
|
Indices | ||
S&P 500® Index
reflects no deduction for fees, expenses or taxes. |
18.40% |
15.25% |
Nasdaq Victory US Multi-Factor Minimum Volatility Index
reflects no deduction for fees, expenses or taxes. |
5.47% |
11.95% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since inception |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
19.68% |
13.25% |
10.71%1
|
After Taxes on Distributions |
19.39% |
12.90% |
10.37%1
|
After Taxes on Distributions and Sale of Fund Shares |
11.81% |
10.55% |
8.55%1
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses or taxes. |
18.40% |
15.22% |
12.64% |
Nasdaq Victory US Large Cap 500 Long/Cash Vol.Wtd Index
reflects no deduction for fees, expenses or taxes. |
20.18% |
13.68% |
11.17% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Acquired Fund Fees and Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
12.68% |
12.12% |
10.12%1
|
After Taxes on Distributions |
11.94% |
11.31% |
9.33%1
|
After Taxes on Distributions and Sale of Fund Shares |
7.93% |
9.53% |
7.95%1
|
Indices | |||
Russell 1000 Value Index
reflects no deduction for fees, expenses or taxes. |
2.80% |
9.74% |
7.44% |
Nasdaq Victory US Large Cap High Div. 100 Long/Cash Vol. Wtd Index
reflects no deduction for fees, expenses or taxes. |
13.03% |
12.56% |
10.58% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Acquired Fund Fees and Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
28.50% |
9.16% |
7.06%1
|
After Taxes on Distributions |
28.13% |
8.81% |
6.73%1
|
After Taxes on Distributions and Sale of Fund Shares |
17.05% |
7.15% |
5.51%1
|
Indices | |||
Russell 2000® Index
reflects no deduction for fees, expenses or taxes. |
19.96% |
13.26% |
10.75% |
Nasdaq Victory US Small Cap 500 Long/Cash Volatility Weighted Index
reflects no deduction for fees, expenses or taxes. |
29.17% |
9.61% |
7.52% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
5 Years |
Life of
Fund |
FUND | |||
Before Taxes |
-4.22% |
2.34% |
0.43%1
|
After Taxes on Distributions |
-4.40% |
1.95% |
0.07%1
|
After Taxes on Distributions and Sale of Fund Shares |
-2.09% |
1.91% |
0.44%1
|
Indices | |||
MSCI EAFE Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes. |
7.82% |
7.45% |
5.16% |
Nasdaq Victory International 500 Long/Cash Volatility Weighted Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes. |
-3.63% |
2.94% |
1.09% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA®
|
President, VictoryShares and
Solutions |
Since 2018 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA, CAIA® |
President, VictoryShares and
Solutions |
Since inception |
|
US 500 Fund |
US Small Cap Fund |
International Fund |
US Large Cap High Div Fund |
US Small Cap High Div Fund |
International High Div Fund |
Emerging Market High Div Fund |
Dividend Accelerator Fund |
US Multi-Factor Vol Fund |
US 500 Enhanced Fund |
US EQ Income Enhanced Fund |
Discovery Enhanced Fund |
Developed Enhanced Fund |
Next 50 Fund |
Calculation
Methodology
Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Concentration
and Sector
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Debt Security
Risk |
|
|
|
|
|
|
|
|
|
X |
X |
X |
X |
|
Dividend
Income Risk |
|
|
|
X |
X |
X |
X |
X |
|
|
X |
|
|
|
Emerging
Markets Risk |
|
|
|
|
|
|
X |
|
|
|
|
|
|
|
Equity Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
ETF
Structure Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Foreign
Investment
Risk |
|
|
X |
|
|
X |
X |
|
|
|
|
|
X |
X |
Index/
Defensive Risk |
|
|
|
|
|
|
|
|
|
X |
X |
X |
X |
|
Investment
Company Risk |
|
|
|
|
|
|
|
|
|
X |
X |
X |
X |
|
Investment
Strategy Risk |
|
|
|
X |
X |
X |
X |
X |
X |
|
|
|
|
|
Large Cap
Risk |
X |
|
|
X |
|
|
|
X |
X |
X |
X |
|
|
X |
Large
Shareholder
Risk |
|
|
X |
|
|
|
|
X |
X |
|
|
|
|
|
Limited
History Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Limited
Portfolio Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Liquidity Risk |
|
X |
|
|
|
|
X |
|
|
|
|
X |
|
|
Mid-Cap
Company Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Non-Diversified
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passive
Investment
Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Portfolio
Turnover Risk |
|
|
|
|
|
|
|
|
|
X |
X |
X |
X |
|
Rebalancing
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Regulatory
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sampling Risk |
|
|
X |
|
|
X |
X |
|
|
|
|
|
X |
|
Seed Investor
or Large
Shareholder
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
X |
Smaller
Company Risk |
|
X |
|
|
X |
|
X |
|
X |
|
|
X |
|
|
Stock Market
Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Tracking Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Valuation Risk |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
X |
Fund |
Advisory Fee |
US 500 Fund |
0.30% |
US Small Cap Fund |
0.30% |
International Fund |
0.40% |
US Large Cap High Div Fund |
0.30% |
US Small Cap High Div Fund |
0.30% |
International High Div Fund |
0.40% |
Emerging Markets High Div Fund |
0.45% |
Dividend Accelerator Fund |
0.30% |
US Multi-Factor Fund |
0.30% |
US 500 Enhanced Fund |
0.30% |
US EQ Income Enhanced Fund |
0.30% |
Discovery Enhanced Fund |
0.30% |
Developed Enhanced Fund |
0.40% |
Nasdaq Next 50 ETF |
0.15% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$50.57 |
$52.46 |
$49.34 |
$44.05 |
$37.24 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.69 |
0.77 |
0.73 |
0.63 |
0.60 |
Net Realized and Unrealized Gains
(Losses) on Investments |
20.68 |
(1.88) |
3.09 |
5.26 |
6.71 |
Total from Investment Activities |
21.37 |
(1.11) |
3.82 |
5.89 |
7.31 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.68) |
(0.78) |
(0.70) |
(0.60) |
(0.50) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.68) |
(0.78) |
(0.70) |
(0.60) |
(0.50) |
Net Asset Value, End of Period |
$71.26 |
$50.57 |
$52.46 |
$49.34 |
$44.05 |
Total Return |
42.51% |
(2.12)% |
7.86% |
13.42% |
19.72% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
1.13% |
1.49% |
1.48% |
1.32% |
1.43% |
Gross Expenses |
0.39% |
0.40% |
0.40% |
0.41% |
0.47% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$705,437 |
$670,005 |
$731,775 |
$567,370 |
$292,921 |
Portfolio Turnover(b) |
34% |
28% |
46% |
36% |
26% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$40.22 |
$45.87 |
$48.54 |
$42.40 |
$34.35 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.70 |
0.59 |
0.63 |
0.50 |
0.50 |
Net Realized and Unrealized Gains (Losses)
on Investments |
24.76 |
(5.62) |
(2.62) |
6.14 |
8.01 |
Total from Investment Activities |
25.46 |
(5.03) |
(1.99) |
6.64 |
8.51 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.72) |
(0.62) |
(0.68) |
(0.50) |
(0.46) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.72) |
(0.62) |
(0.68) |
(0.50) |
(0.46) |
Net Asset Value, End of Period |
$64.96 |
$40.22 |
$45.87 |
$48.54 |
$42.40 |
Total Return |
63.72% |
(11.00)% |
(4.07)% |
15.75% |
24.86% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
1.30% |
1.35% |
1.36% |
1.10% |
1.25% |
Gross Expenses |
0.55% |
0.55% |
0.46% |
0.47% |
0.68% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$25,986 |
$16,089 |
$29,814 |
$41,261 |
$25,438 |
Portfolio Turnover(b) |
71% |
50% |
62% |
47% |
47% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$34.63 |
$38.12 |
$39.09 |
$37.20 |
$32.11 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.95 |
0.77 |
1.17 |
1.04 |
0.76 |
Net Realized and Unrealized Gains (Losses)
on Investments |
10.25 |
(3.51) |
(1.07) |
1.81 |
5.10 |
Total from Investment Activities |
11.20 |
(2.74) |
0.10 |
2.85 |
5.86 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.94) |
(0.75) |
(1.07) |
(0.96) |
(0.77) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.94) |
(0.75) |
(1.07) |
(0.96) |
(0.77) |
Net Asset Value, End of Period |
$44.89 |
$34.63 |
$38.12 |
$39.09 |
$37.20 |
Total Return |
32.59% |
(7.23)% |
0.33% |
7.62% |
18.44% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.45% |
0.45% |
0.45% |
0.45% |
0.45% |
Net Investment Income (Loss) |
2.34% |
2.12% |
3.14% |
2.61% |
2.25% |
Gross Expenses |
0.63% |
0.64% |
0.73% |
0.98% |
1.54% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$116,710 |
$83,120 |
$36,215 |
$21,497 |
$13,021 |
Portfolio Turnover(b) |
45% |
41% |
53% |
37% |
46% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$39.52 |
$47.03 |
$45.06 |
$42.17 |
$37.58 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
1.45 |
1.58 |
1.51 |
1.34 |
1.24 |
Net Realized and Unrealized Gains
(Losses) on Investments |
17.1 |
(7.44) |
1.83 |
2.92 |
4.46 |
Total from Investment Activities |
18.55 |
(5.86) |
3.34 |
4.26 |
5.7 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(1.39) |
(1.65) |
(1.37) |
(1.37) |
(1.11) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(1.39) |
(1.65) |
(1.37) |
(1.37) |
(1.11) |
Net Asset Value, End of Period |
$56.68 |
$39.52 |
$47.03 |
$45.06 |
$42.17 |
Total Return |
47.74% |
(12.78)% |
7.59% |
10.23% |
15.37% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
3.04% |
3.47% |
3.33% |
3.04% |
3.05% |
Gross Expenses |
0.41% |
0.41% |
0.42% |
0.42% |
0.45% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$221,056 |
$193,635 |
$331,527 |
$144,187 |
$120,181 |
Portfolio Turnover(b) |
67% |
56% |
66% |
52% |
48% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$36.75 |
$44.28 |
$45.96 |
$40.41 |
$35.40 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
1.85 |
1.53 |
1.38 |
1.39 |
1.43 |
Net Realized and Unrealized Gains (Losses)
on Investments |
23.26 |
(7.47) |
(1.74) |
5.61 |
4.93 |
Total from Investment Activities |
25.11 |
(5.94) |
(0.36) |
7.00 |
6.36 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(1.91) |
(1.59) |
(1.32) |
(1.45) |
(1.35) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(1.91) |
(1.59) |
(1.32) |
(1.45) |
(1.35) |
Net Asset Value, End of Period |
$59.95 |
$36.75 |
$44.28 |
$45.96 |
$40.41 |
Total Return |
69.75% |
(13.61)% |
(0.70)% |
17.64% |
18.07% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
3.51% |
3.69% |
3.10% |
3.23% |
3.65% |
Gross Expenses |
0.42% |
0.44% |
0.44% |
0.45% |
0.55% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$251,797 |
$66,142 |
$75,277 |
$43,665 |
$32,325 |
Portfolio Turnover(b) |
104% |
68% |
83% |
68% |
65% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$25.32 |
$32.43 |
$33.94 |
$34.25 |
$30.65 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
1.11 |
1.02 |
1.63 |
1.47 |
1.40 |
Net Realized and Unrealized Gains (Losses)
on Investments |
7.73 |
(7.13) |
(1.48) |
(0.41) |
3.47 |
Total from Investment Activities |
8.84 |
(6.11) |
0.15 |
1.06 |
4.87 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(1.33) |
(1.00) |
(1.66) |
(1.37) |
(1.27) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(1.33) |
(1.00) |
(1.66) |
(1.37) |
(1.27) |
Net Asset Value, End of Period |
$32.83 |
$25.32 |
$32.43 |
$33.94 |
$34.25 |
Total Return |
35.49% |
(19.22)% |
0.58% |
3.00% |
16.16% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.45% |
0.45% |
0.45% |
0.45% |
0.45% |
Net Investment Income (Loss) |
3.95% |
3.45% |
5.06% |
4.14% |
4.32% |
Gross Expenses |
0.66% |
0.57% |
0.59% |
0.60% |
0.77% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$22,978 |
$62,042 |
$40,540 |
$45,824 |
$32,541 |
Portfolio Turnover(b) |
111% |
71% |
76% |
58% |
69% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
10/26/17(a)
through
6/30/18 |
Net Asset Value, Beginning of Period |
$19.71 |
$24.39 |
$23.92 |
$24.95 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(b) |
0.99 |
0.94 |
1.31 |
0.78 |
Net Realized and Unrealized Gains (Losses) on
Investments |
4.73 |
(4.63) |
0.35 |
(1.29) |
Total from Investment Activities |
5.72 |
(3.69) |
1.66 |
(0.51) |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(0.82) |
(0.99) |
(1.05) |
(0.52) |
Net Realized Gains from Investments |
— |
— |
(0.14) |
— |
Total Distributions |
(0.82) |
(0.99) |
(1.19) |
(0.52) |
Net Asset Value, End of Period |
$24.61 |
$19.71 |
$24.39 |
$23.92 |
Total Return(c) |
29.69% |
(15.55)% |
7.30% |
(2.17)% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(d) |
0.50% |
0.50% |
0.51%(e) |
0.50% |
Net Investment Income (Loss)(d) |
4.55% |
4.24% |
5.52% |
4.44% |
Gross Expenses(d) |
1.19% |
0.85% |
0.88% |
1.05% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$19,686 |
$21,679 |
$40,251 |
$21,532 |
Portfolio Turnover(c)(f) |
101% |
86% |
103% |
52% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
04/18/17(a)
through
6/30/17 |
Net Asset Value, Beginning of Period |
$33.14 |
$32.90 |
$28.41 |
$25.95 |
$25.26 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(b) |
0.66 |
0.55 |
0.48 |
0.48 |
0.12 |
Net Realized and Unrealized Gains
(Losses) on Investments |
10.95 |
0.19(c) |
4.47 |
2.45 |
0.65 |
Total from Investment Activities |
11.61 |
0.74 |
4.95 |
2.93 |
0.77 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.63) |
(0.50) |
(0.46) |
(0.47) |
(0.08) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.63) |
(0.50) |
(0.46) |
(0.47) |
(0.08) |
Net Asset Value, End of Period |
$44.12 |
$33.14 |
$32.90 |
$28.41 |
$25.95 |
Total Return(d) |
35.33% |
2.23% |
17.60% |
11.33% |
3.05% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses(e) |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss)(e) |
1.67% |
1.65% |
1.57% |
1.75% |
2.31% |
Gross Expenses(e) |
0.40% |
0.42% |
0.59% |
0.67% |
1.92% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$344,154 |
$235,277 |
$16,450 |
$7,102 |
$3,893 |
Portfolio Turnover(d)(f) |
41% |
74% |
62% |
43% |
—% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/22/17(a)
through
6/30/17 |
Net Asset Value, Beginning of Period |
$30.73 |
$30.87 |
$27.58 |
$24.83 |
$24.97 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(b) |
0.62 |
0.70 |
0.73 |
0.63 |
0.02 |
Net Realized and Unrealized Gains
(Losses) on Investments |
7.43 |
(0.14)(c) |
3.20 |
2.69 |
(0.16) |
Total from Investment Activities |
8.05 |
0.56 |
3.93 |
3.32 |
(0.14) |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.63) |
(0.70) |
(0.64) |
(0.57) |
— |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.63) |
(0.70) |
(0.64) |
(0.57) |
— |
Net Asset Value, End of Period |
$38.15 |
$30.73 |
$30.87 |
$27.58 |
$24.83 |
Total Return(d) |
26.47% |
1.82% |
14.47% |
13.41% |
(0.54)% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses(e) |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss)(e) |
1.80% |
2.23% |
2.50% |
2.33% |
3.20% |
Gross Expenses(e) |
0.41% |
0.42% |
0.48% |
0.74% |
7.21% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$164,065 |
$155,182 |
$43,213 |
$8,273 |
$2,483 |
Portfolio Turnover(d)(f) |
56% |
69% |
34% |
26% |
—% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$51.88 |
$48.89 |
$49.30 |
$44.00 |
$37.23 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.70 |
0.60 |
0.73 |
0.64 |
0.58 |
Net Realized and Unrealized Gains
(Losses) on Investments |
19.32 |
3.04 |
(0.42) |
5.25 |
6.71 |
Total from Investment Activities |
20.02 |
3.64 |
0.31 |
5.89 |
7.29 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.62) |
(0.65) |
(0.72) |
(0.59) |
(0.52) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(0.62) |
(0.65) |
(0.72) |
(0.59) |
(0.52) |
Net Asset Value, End of Period |
$71.28 |
$51.88 |
$48.89 |
$49.30 |
$44.00 |
Total Return |
38.78% |
7.49% |
0.69% |
13.42% |
19.72% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
1.13% |
1.20% |
1.51% |
1.32% |
1.42% |
Gross Expenses |
0.39% |
0.40% |
0.40% |
0.41% |
0.45% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$937,341 |
$609,613 |
$828,729 |
$951,411 |
$415,847 |
Portfolio Turnover(b) |
34% |
56% |
116%(c) |
37% |
26% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$46.58 |
$45.54 |
$46.29 |
$43.30 |
$38.59 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
1.56 |
1.39 |
1.46 |
1.39 |
1.28 |
Net Realized and Unrealized Gains
(Losses) on Investments |
17.87 |
1.09 |
(0.80) |
2.99 |
4.58 |
Total from Investment Activities |
19.43 |
2.48 |
0.66 |
4.38 |
5.86 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(1.44) |
(1.44) |
(1.41) |
(1.39) |
(1.15) |
Net Realized Gains from Investments |
— |
— |
— |
— |
— |
Total Distributions |
(1.44) |
(1.44) |
(1.41) |
(1.39) |
(1.15) |
Net Asset Value, End of Period |
$64.57 |
$46.58 |
$45.54 |
$46.29 |
$43.30 |
Total Return |
42.31% |
5.49% |
1.52% |
10.23% |
15.35% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
2.80% |
3.02% |
3.22% |
3.06% |
3.06% |
Gross Expenses |
0.40% |
0.40% |
0.40% |
0.41% |
0.43% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$916,846 |
$565,892 |
$696,814 |
$738,260 |
$471,927 |
Portfolio Turnover(b) |
65%(c) |
116% |
143%(d) |
52% |
49% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$39.16 |
$37.80 |
$47.41 |
$41.41 |
$33.55 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.62 |
0.44 |
0.64 |
0.50 |
0.49 |
Net Realized and Unrealized Gains (Losses)
on Investments |
21.38 |
1.42(b) |
(9.61) |
5.98 |
7.84 |
Total from Investment Activities |
22.00 |
1.86 |
(8.97) |
6.48 |
8.33 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.61) |
(0.50) |
(0.64) |
(0.48) |
(0.47) |
Total Distributions |
(0.61) |
(0.50) |
(0.64) |
(0.48) |
(0.47) |
Net Asset Value, End of Period |
$60.55 |
$39.16 |
$37.80 |
$47.41 |
$41.41 |
Total Return |
56.47% |
5.00% |
(19.04)% |
15.75% |
24.91% |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.35% |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss) |
1.22% |
1.19% |
1.48% |
1.13% |
1.25% |
Gross Expenses |
0.46% |
0.47% |
0.42% |
0.43% |
0.55% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$63,572 |
$37,203 |
$92,614 |
$116,157 |
$57,971 |
Portfolio Turnover(c) |
70%(d) |
232% |
398%(e) |
47% |
50% |
|
Year
Ended
6/30/21 |
Year
Ended
6/30/20 |
Year
Ended
6/30/19 |
Year
Ended
6/30/18 |
Year
Ended
6/30/17 |
Net Asset Value, Beginning of Period |
$26.92 |
$32.10 |
$33.79 |
$32.22 |
$29.00 |
Investment Activities |
|
|
|
|
|
Net Investment Income (Loss)(a) |
0.66 |
0.52 |
0.85 |
0.94 |
0.78 |
Net Realized and Unrealized Gains
(Losses) on Investments |
7.26 |
(5.14) |
(1.59) |
1.45 |
2.90(b) |
Total from Investment Activities |
7.92 |
(4.62) |
(0.74) |
2.39 |
3.68 |
Distributions to Shareholders From |
|
|
|
|
|
Net Investment Income |
(0.65) |
(0.56) |
(0.95) |
(0.82) |
(0.46) |
Total Distributions |
(0.65) |
(0.56) |
(0.95) |
(0.82) |
(0.46) |
Net Asset Value, End of Period |
$34.19 |
$26.92 |
$32.10 |
$33.79 |
$32.22 |
Total Return |
29.63% |
(14.55)% |
(2.16)% |
7.41% |
12.79%(c) |
Ratios to Average Net Assets |
|
|
|
|
|
Net Expenses |
0.45% |
0.45% |
0.45% |
0.45% |
0.45% |
Net Investment Income (Loss) |
2.16% |
1.69% |
2.63% |
2.73% |
2.59% |
Gross Expenses |
0.88% |
0.65% |
0.56% |
0.58% |
0.86% |
Supplemental Data |
|
|
|
|
|
Net Assets, End of Period (000's) |
$42,742 |
$48,455 |
$110,746 |
$179,103 |
$82,150 |
Portfolio Turnover(d) |
55% |
33% |
154%(e) |
38% |
164% |
|
Year
Ended
9/10/20(a)
through
6/30/21 |
Net Asset Value, Beginning of Period |
$25.45 |
Investment Activities |
|
Net Investment Income (Loss)(b) |
0.12 |
Net Realized and Unrealized Gains (Losses) on Investments |
8.85 |
Total from Investment Activities |
8.97 |
Distributions to Shareholders From |
|
Net Investment Income |
(0.09) |
Total Distributions |
(0.09) |
Net Asset Value, End of Period |
$34.33 |
Total Return(c) |
35.26% |
Ratios to Average Net Assets |
|
Net Expenses(d) |
0.18% |
Net Investment Income (Loss)(d) |
0.46% |
Gross Expenses(d) |
0.30% |
Supplemental Data |
|
Net Assets, End of Period (000's) |
$148,467 |
Portfolio Turnover(c)(d) |
68% |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
4.06% |
4.66%1
|
After Taxes on Distributions |
3.63% |
4.21%1
|
After Taxes on Distributions and Sale of Fund Shares |
2.63% |
3.53%1
|
Indices | ||
MSCI USA Index
reflects no deduction for fees, expenses or taxes. |
21.37% |
15.74% |
MSCI USA Select Value Momentum Blend Index
reflects no deduction for fees, expenses or taxes. |
4.17% |
4.85% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA |
President, VictoryShares and
Solutions |
Since June 2019 |
Lance Humphrey, CFA |
Portfolio Manager, VictoryShares
and Solutions |
Since Inception |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses1 |
|
Fee Waiver/Expense Reimbursement |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
11.61% |
7.24%1
|
After Taxes on Distributions |
11.16% |
6.71%1
|
After Taxes on Distributions and Sale of Fund Shares |
7.00% |
5.42%1
|
Indices | ||
MSCI USA Small Cap Index
reflects no deduction for fees, expenses or taxes. |
18.90% |
11.46% |
MSCI USA Small Cap Select Value Momentum Blend Index
reflects no deduction for fees, expenses or taxes. |
11.92% |
7.55% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA |
President, VictoryShares and
Solutions |
Since June 2019 |
Lance Humphrey, CFA |
Portfolio Manager, VictoryShares
and Solutions |
Since Inception |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
0.92% |
-0.34%1
|
After Taxes on Distributions |
0.56% |
-0.87%1
|
After Taxes on Distributions and Sale of Fund Shares |
0.87% |
-0.22%1
|
Indices | ||
MSCI World ex USA (Net) Index
reflects no deduction for fees, expenses or taxes. |
7.59% |
4.98% |
MSCI World ex USA Select Value Momentum Blend Index
reflects no deduction for fees, expenses or taxes. |
1.28% |
-0.01% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA |
President, VictoryShares and
Solutions |
Since June 2019 |
Lance Humphrey, CFA |
Portfolio Manager, VictoryShares
and Solutions |
Since Inception |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1 |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1 |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
4.42% |
-0.33%1
|
After Taxes on Distributions |
3.81% |
-0.91%1
|
After Taxes on Distributions and Sale of Fund Shares |
2.94% |
-0.27%1
|
Indices | ||
MSCI Emerging Markets (Net) Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes. |
18.31% |
7.22% |
MSCI Emerging Markets Select Value Momentum Blend Index
reflects no deduction for fees, expenses, or taxes, except foreign withholding taxes. |
5.30% |
0.39% |
|
Title |
Tenure with the Fund |
Mannik Dhillon, CFA |
President, VictoryShares and
Solutions |
Since June 2019 |
Lance Humphrey, CFA |
Portfolio Manager, VictoryShares
and Solutions |
Since Inception |
Risk Factor |
US Fund |
US Small Cap
Fund |
International
Fund |
Emerging
Markets Fund |
Calculation Methodology Risk |
X |
X |
X |
X |
Concentration Risk |
X |
X |
X |
X |
Derivatives Risk |
X |
X |
X |
X |
Equity Securities Risk |
X |
X |
X |
X |
Emerging Markets Risk |
|
|
|
X |
ETF Structure Risk |
X |
X |
X |
X |
Foreign Securities Risk |
|
|
X |
X |
Index Risk |
X |
X |
X |
X |
Large-Capitalization Company Risk |
X |
|
X |
X |
Large Shareholders Risk |
X |
X |
X |
X |
Liquidity Risk |
X |
X |
X |
X |
Mid-Capitalization Company Risk |
X |
X |
X |
X |
Momentum Risk |
X |
X |
X |
X |
Rebalancing Risk |
X |
X |
X |
X |
Regulatory Risk |
X |
X |
X |
X |
Sampling Risk |
|
|
X |
X |
Small-Capitalization Company Risk |
|
X |
X |
X |
Stock Market Risk |
X |
X |
X |
X |
Tracking Error Risk |
X |
X |
X |
X |
Valuation Risk |
X |
X |
X |
X |
Value Risk |
X |
X |
X |
X |
Fund |
Advisory Fee |
US Fund |
0.15% |
US Small Cap Fund |
0.15% |
International Fund |
0.25% |
Emerging Markets Fund |
0.30% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$45.30 |
$50.37 |
$53.85 |
$50.19 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
0.81 |
0.72 |
1.00 |
0.78 |
Net Realized and Unrealized Gains (Losses)
on Investments |
20.32 |
(4.85)(d) |
(3.59) |
3.34 |
Total from Investment Activities |
21.13 |
(4.13) |
(2.59) |
4.12 |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(0.77) |
(0.94) |
(0.89) |
(0.46) |
Total Distributions |
(0.77) |
(0.94) |
(0.89) |
(0.46) |
Net Asset Value, End of Period |
$65.66 |
$45.30 |
$50.37 |
$53.85 |
Total Return(e) |
47.02% |
(8.31)% |
(4.79)% |
8.23% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(f) |
0.20% |
0.20% |
0.20% |
0.20% |
Net Investment Income (Loss)(f) |
1.47% |
1.80% |
2.00% |
1.76% |
Gross Expenses(f) |
0.27% |
0.28% |
0.25% |
0.25% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$443,213 |
$464,347 |
$468,445 |
$398,504 |
Portfolio Turnover(e)(g) |
76% |
66% |
87% |
84% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$45.57 |
$49.54 |
$57.21 |
$50.13 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
0.52 |
0.60 |
1.00 |
0.57 |
Net Realized and Unrealized Gains
(Losses) on Investments |
26.84 |
(3.74) |
(7.86) |
6.81 |
Total from Investment Activities |
27.36 |
(3.14) |
(6.86) |
7.38 |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(0.73) |
(0.83) |
(0.81) |
(0.30) |
Total Distributions |
(0.73) |
(0.83) |
(0.81) |
(0.30) |
Net Asset Value, End of Period |
$72.20 |
$45.57 |
$49.54 |
$57.21 |
Total Return(d) |
60.47% |
(6.44)% |
(11.99)% |
14.80% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(e) |
0.24%(f) |
0.25% |
0.25% |
0.25% |
Net Investment Income (Loss)(e) |
0.87% |
1.53% |
1.98% |
1.25% |
Gross Expenses(e) |
0.28% |
0.31% |
0.30% |
0.30% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$299,631 |
$239,247 |
$101,564 |
$71,517 |
Portfolio Turnover(d)(g) |
78% |
70% |
88% |
81% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$38.42 |
$43.16 |
$48.10 |
$50.08 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
1.28 |
0.83 |
1.30 |
1.34 |
Net Realized and Unrealized Gains (Losses)
on Investments |
11.17 |
(4.35) |
(4.99) |
(2.64) |
Total from Investment Activities |
12.45 |
(3.52) |
(3.69) |
(1.30) |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(1.23) |
(1.22) |
(1.25) |
(0.68) |
Total Distributions |
(1.23) |
(1.22) |
(1.25) |
(0.68) |
Net Asset Value, End of Period |
$49.64 |
$38.42 |
$43.16 |
$48.10 |
Total Return(d) |
32.66% |
(8.39)% |
(7.70)% |
(2.64)% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(e) |
0.35% |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss)(e) |
2.86% |
2.41% |
2.90% |
3.12% |
Gross Expenses(e) |
0.42% |
0.41% |
0.40% |
0.40% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$357,380 |
$315,004 |
$323,693 |
$307,836 |
Portfolio Turnover(d)(f) |
90% |
62% |
87% |
65% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$37.91 |
$41.23 |
$45.58 |
$49.95 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
1.36 |
0.73 |
1.31 |
1.17 |
Net Realized and Unrealized Gains (Losses)
on Investments |
14.10 |
(2.85) |
(4.73) |
(5.10) |
Total from Investment Activities |
15.46 |
(2.12) |
(3.42) |
(3.93) |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(1.29) |
(1.20) |
(0.93) |
(0.44) |
Total Distributions |
(1.29) |
(1.20) |
(0.93) |
(0.44) |
Net Asset Value, End of Period |
$52.08 |
$37.91 |
$41.23 |
$45.58 |
Total Return(d) |
41.48% |
(5.47)% |
(7.62)% |
(7.95)% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(e) |
0.45% |
0.45% |
0.45% |
0.45% |
Net Investment Income (Loss)(e) |
2.98% |
2.18% |
3.00% |
2.77% |
Gross Expenses(e) |
0.56% |
0.57% |
0.50% |
0.50% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$265,591 |
$164,892 |
$169,051 |
$154,974 |
Portfolio Turnover(d)(f) |
95% |
51% |
67% |
58% |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses1 |
|
Fee Waiver/Expense Reimbursement |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
5.14% |
3.63%1
|
After Taxes on Distributions |
4.06% |
2.59%1
|
After Taxes on Distributions and Sale of Fund Shares |
3.06% |
2.33%1
|
Index | ||
Bloomberg Barclays 1-3 Year Credit Index
reflects no deduction for fees, expenses or taxes. |
3.69% |
3.19% |
|
Title |
Tenure with the Fund |
Brian W. Smith, CFA |
Senior Portfolio Manager |
Since Inception |
Julianne Bass, CFA |
Senior Portfolio Manager |
Since Inception |
John Spear, CFA |
Senior Portfolio Manager |
Since Inception |
Kurt Daum, J.D. |
Senior Portfolio Manager |
Since Inception |
James F. Jackson Jr., CFA |
Senior Portfolio Manager |
July 2019 |
R. Neal Graves, CFA, CPA |
Senior Portfolio Manager |
July 2019 |
Shareholder Fees
(paid directly from your investment) |
|
Management Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses1 |
|
Fee Waiver/Expense Reimbursement |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
|
1 Year |
3 Years |
5 Years |
10 Years |
|
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(For the Periods Ended December 31, 2020) |
1 Year |
Life of
Fund |
FUND | ||
Before Taxes |
8.07% |
5.86%1
|
After Taxes on Distributions |
6.86% |
4.60%1
|
After Taxes on Distributions and Sale of Fund Shares |
4.79% |
3.94%1
|
Index | ||
Bloomberg Barclays U.S. Aggregate Index
reflects no deduction for fees, expenses or taxes. |
7.51% |
5.20% |
|
Title |
Tenure with the Fund |
Julianne Bass, CFA |
Senior Portfolio Manager |
Since Inception |
Kurt Daum, J.D |
Senior Portfolio Manager |
Since Inception |
Brian W. Smith, CFA |
Senior Portfolio Manager |
Since Inception |
John Spear, CFA |
Senior Portfolio Manager |
Since Inception |
James F. Jackson Jr., CFA |
Senior Portfolio Manager |
July 2019 |
R. Neal Graves, CFA, CPA |
Senior Portfolio Manager |
July 2019 |
Risk Factor |
Core
Short-Term
Bond ETF |
Core
Intermediate-Term
Bond ETF |
Asset-Backed and Mortgage-Backed Securities Risk |
X |
X |
Debt Securities or Bond Risk |
X |
X |
Derivatives Risk |
X |
X |
Exchange-Traded Fund (“ETF”) Structure Risk |
X |
X |
Foreign Investing Risk |
X |
X |
Geopolitical/Natural Disaster Risk |
X |
X |
High-Yield Bond Risk |
X |
X |
Information Technology Sector Risk |
X |
X |
Large Shareholder Risk |
X |
X |
Liquidity Risk |
X |
X |
Management Risk |
X |
X |
Market Risk |
X |
X |
Regulatory Risk |
X |
X |
U.S. Government Sponsored Enterprises (“GSEs”) Risk |
X |
X |
Fund |
Advisory Fee |
Short-Term Bond ETF |
0.25% |
Intermediate-Term Bond ETF |
0.30% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$51.22 |
$50.65 |
$49.50 |
$50.00 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
0.84 |
1.10 |
1.37 |
0.93 |
Net Realized and Unrealized Gains (Losses)
on Investments |
0.93 |
0.48 |
1.13 |
(0.59) |
Total from Investment Activities |
1.77 |
1.58 |
2.50 |
0.34 |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(0.90) |
(1.01) |
(1.35) |
(0.84) |
Net Realized Gains from Investments |
(0.22) |
— |
— |
— |
Total Distributions |
(1.12) |
(1.01) |
(1.35) |
(0.84) |
Net Asset Value, End of Period |
$51.87 |
$51.22 |
$50.65 |
$49.50 |
Total Return(d) |
3.48% |
3.17% |
5.11% |
0.70% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(e) |
0.34%(f) |
0.35% |
0.35% |
0.35% |
Net Investment Income (Loss)(e) |
1.62% |
2.62% |
2.75% |
2.21% |
Gross Expenses(e) |
0.37% |
0.44% |
0.40% |
0.40% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$272,296 |
$105,000 |
$83,573 |
$61,872 |
Portfolio Turnover(d)(g) |
80% |
72%(h) |
30% |
22% |
|
Year
Ended
6/30/21 |
Ten Months Ended
6/30/20(a) |
Year
Ended
8/31/19 |
10/24/17(b)
through
8/31/18 |
Net Asset Value, Beginning of Period |
$53.67 |
$52.48 |
$48.61 |
$49.93 |
Investment Activities |
|
|
|
|
Net Investment Income (Loss)(c) |
1.08 |
1.21 |
1.62 |
1.29 |
Net Realized and Unrealized Gains
(Losses) on Investments |
0.27 |
1.12 |
3.81 |
(1.46) |
Total from Investment Activities |
1.35 |
2.33 |
5.43 |
(0.17) |
Distributions to Shareholders From |
|
|
|
|
Net Investment Income |
(1.11) |
(1.14) |
(1.56) |
(1.15) |
Net Realized Gains from Investments |
(0.20) |
— |
— |
— |
Total Distributions |
(1.31) |
(1.14) |
(1.56) |
(1.15) |
Net Asset Value, End of Period |
$53.71 |
$53.67 |
$52.48 |
$48.61 |
Total Return(d) |
2.55% |
4.52% |
11.37% |
(0.33)% |
Ratios to Average Net Assets |
|
|
|
|
Net Expenses(e) |
0.37%(f) |
0.38%(g) |
0.39% |
0.40% |
Net Investment Income (Loss)(e) |
2.01% |
2.80% |
3.27% |
3.10% |
Gross Expenses(e) |
0.41% |
0.42% |
0.44% |
0.45% |
Supplemental Data |
|
|
|
|
Net Assets, End of Period (000's) |
$894,333 |
$450,789 |
$314,856 |
$150,703 |
Portfolio Turnover(d)(h) |
16% |
13% |
3%(i) |
10% |
VictoryShares US 500 Volatility Wtd ETF |
CFA |
VictoryShares US Small Cap Volatility Wtd ETF |
CSA |
VictoryShares International Volatility Wtd ETF |
CIL |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
CDL |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
CSB |
VictoryShares International High Div Volatility Wtd ETF |
CID |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
CEY |
VictoryShares Dividend Acceleratory ETF |
VSDA |
VictoryShares US Multi-Factor Minimum Volatility ETF |
VSMV |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
CFO |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
CDC |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
CSF |
VictoryShares Developed Enhanced Volatility Wtd ETF |
CIZ |
VictoryShares Nasdaq Next 50 ETF |
QQQN |
|
Fee for In-Kind and
Cash Purchases and
Redemptions |
Maximum
Additional Variable
Charge for Cash
Purchases and
Redemptions* |
VictoryShares US 500 Volatility Wtd ETF |
$ 750 |
2.00% |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 750 |
2.00% |
VictoryShares International Volatility Wtd ETF |
$ 6,000 |
2.00% |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$250 |
2.00% |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$250 |
2.00% |
VictoryShares International High Div Volatility Wtd ETF |
$1,500 |
2.00% |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$3,400 |
2.00% |
VictoryShares Dividend Accelerator ETF |
$250 |
2.00% |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$250 |
2.00% |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$750 |
2.00% |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$250 |
2.00% |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$750 |
2.00% |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$4,500 |
2.00% |
VictoryShares Nasdaq Next 50 ETF |
$250 |
2.00% |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David Brooks
Adcock,
Born October
1951 |
Trustee |
May 2015 |
Consultant (since 2006). |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Chairman,
Board of
Trustees,
Turner Funds
(December
2016
-December
2017). |
Nigel
D.T.Andrews,
Born April 1947 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Director, TCG
BDC II, Inc.
(since 2017);
Director, TCG
BDC I, Inc.
(formerly
Carlyle GMS
Finance, Inc.)
(since 2012);
Trustee, Carlyle
Secured
Lending III
(since 2021). |
E. Lee Beard*,
Born August
1951 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
Dennis M.
Bushe,
Born January
1944 |
Trustee |
July 2016 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
John L. Kelly,
Born April 1953 |
Vice Chair and
Trustee |
May 2015 |
Partner, McCarvill
Capital Partners
(September
2016-September 2017). |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Director,
Caledonia
Mining
Corporation
(since May
2012). |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David L.
Meyer*,
Born April 1957 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
Gloria S.
Nelund,
Born May 1961 |
Trustee |
July 2016 |
Chair, CEO, and
Co-Founder of TriLinc
Global, LLC, an
investment firm. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
TriLinc Global
Impact Fund,
LLC (since
2012). |
Leigh A. Wilson,
Born December
1944 |
Chair and
Trustee |
May 2015 |
Private Investor. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Chair (since
2013),
Caledonia
Mining
Corporation. |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David C.
Brown**,
Born May 1972 |
Trustee |
May 2015 |
Chief Executive Officer
and Chairman
(2013-present), Victory
Capital
Management Inc.; Chief
Executive Officer and
Chairman
(2013-present), Victory
Capital Holdings, Inc.;
Director, Victory Capital
Services, Inc.
(2013-present); Director,
Victory Capital Transfer
Agency, Inc.
(2019-present). |
120
portfolios comprised of
25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, 8
portfolios in Victory
Variable Insurance
Funds, and 46 portfolios
in USAA Mutual Funds
Trust. |
Trustee, USAA
Mutual Funds
Trust. |
Name and Age |
Position with
the Trust |
Date
Commenced
Service |
Principal Occupation During Past 5 Years |
Christopher K.
Dyer,
Born February
1962 |
President |
May 2015 |
Director of Mutual Fund Administration, Victory
Capital Management Inc. (2004-present). Chief
Operating Officer, Victory Capital Services, Inc.
(2020-present). Vice President, Victory Capital Transfer
Agency, Inc. (2019-present). |
Scott A. Stahorsky,
Born July 1969 |
Vice President |
May 2015 |
Manager, Fund Administration, the Adviser. |
Erin G. Wagner,
Born February
1974 |
Secretary |
May 2015 |
Associate General Counsel, the Adviser (since 2013). |
Allan Shaer,
Born March 1965 |
Treasurer |
December 2017 |
Senior Vice President, Financial Administration, Citi
Fund Services Ohio, Inc. (since 2016); Vice President,
Mutual Fund Administration, JP Morgan Chase
(2011-2016). |
Christopher Ponte,
Born March 1984 |
Assistant
Treasurer |
May 2015 |
Manager, Fund Administration, the Adviser (since
2017); Senior Analyst, Fund Administration, the
Adviser (prior to 2017); Chief Financial Officer,
Victory Capital Advisers, Inc. (since 2018). |
Colin Kinney,
Born October 1973 |
Chief
Compliance
Officer |
July 2017 |
Chief Compliance Officer (since 2013) and Chief Risk
Officer (2009-2017), the Adviser. |
Sean Fox,
Born September
1976 |
Deputy Chief
Compliance
Officer |
July 2021 |
Sr. Compliance Officer, the Adviser (2019-2021),
Compliance Officer, the Adviser (2015-2019). |
Charles Booth,
Born April 1960 |
Anti-Money
Laundering
Compliance
Officer and
Identity Theft
Officer |
May 2015 |
Director, Regulatory Administration and CCO Support
Services, Citi Fund Services Ohio, Inc. |
Jay G. Baris,
Born January 1954 |
Assistant
Secretary |
May 2015 |
Partner, Sidley Austin LLP (since April 2020); Partner,
Shearman & Sterling LLP (January 2018 - April 2020);
Partner, Morrison & Foerster LLP (2011 – January
2018). |
Trustee |
Dollar Range of Beneficial
Ownership of Fund Shares |
Aggregate Dollar
Range of Ownership
of Shares of
All Series of the
Victory Fund Complex |
Mr. Adcock |
VictoryShares US 500 Enhanced Volatility Wtd ETF: Over $100,000 |
Over $100,000 |
Mr. Andrews |
VictoryShares US 500 Enhanced Volatility Wtd ETF: Over $100,000 |
Over $100,000 |
Ms. Beard |
VictoryShares US 500 Volatility Wtd ETF: $10,001 - $50,000
VictoryShares US EQ Income Enhanced Volatility Wtd ETF: $10,001 -
$50,000 |
Over $100,000 |
Trustee |
Dollar Range of Beneficial
Ownership of Fund Shares |
Aggregate Dollar
Range of Ownership
of Shares of
All Series of the
Victory Fund Complex |
Mr. Bushe |
VictoryShares US 500 Enhanced Volatility Wtd ETF: $50,001 - $100,000 |
Over $100,000 |
Mr. Kelly |
VictoryShares Dividend Accelerator ETF: $50,001 - $100,000 |
Over $100,000 |
Mr. Meyer |
VictoryShares US 500 Volatility Wtd ETF: $10,001 - $50,000
VictoryShares Developed Enhanced Volatility Wtd ETF: $10,001 - $50,000
VictoryShares US EQ Income Enhanced Volatility Wtd ETF: $10,001 -
$50,000 |
Over $100,000 |
Ms. Nelund |
None |
Over $100,000 |
Mr. Wilson |
VictoryShares US Large Cap High Div Volatility Wtd ETF: Over 100,000
VictoryShares US 500 Enhanced Volatility Wtd ETF: $50,001 - $100,000 |
Over $100,000 |
Trustee |
Dollar Range of Beneficial
Ownership of Fund Shares |
Aggregate Dollar
Range of Ownership
of Shares of
All Series of the
Victory Fund Complex |
Mr. Brown* |
VictoryShares Dividend Accelerator ETF: Over $100,000,
VictoryShares Emerging Markets High Div Volatility Wtd ETF: Over
$100,000 |
Over $100,000 |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock |
25,588 |
330,000 |
Mr. Andrews |
29,326 |
380,000 |
Ms. Beard |
25,588 |
330,000 |
Mr. Bushe |
25,588 |
330,000 |
Mr. Kelly |
29,326 |
380,000 |
Mr. Meyer |
25,588 |
330,000 |
Ms. Nelund |
25,588 |
330,000 |
Mr. Wilson |
37,219 |
480,000 |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Brown* |
None |
None |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock |
3,838 |
49,500 |
Mr. Bushe |
19,421 |
297,000 |
Fund |
Advisory Fee |
VictoryShares US 500 Volatility Wtd ETF |
0.30% |
VictoryShares US Small Cap Volatility Wtd ETF |
0.30% |
VictoryShares International Volatility Wtd ETF |
0.40% |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
0.30% |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
0.30% |
VictoryShares International High Div Volatility Wtd ETF |
0.40% |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
0.45% |
VictoryShares Dividend Accelerator ETF |
0.30% |
VictoryShares US Multi-Factor Minimum Volatility ETF |
0.30% |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
0.30% |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
0.30% |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
0.30% |
VictoryShares Developed Enhanced Volatility Wtd ETF |
0.40% |
VictoryShares Nasdaq Next 50 ETF |
0.15% |
Fund |
2021
Fees Paid |
2020
Fees Paid |
2019
Fees Paid |
VictoryShares US 500 Volatility Wtd ETF |
$ 2,025,415 |
$ 2,312,314 |
$ 1,983,826 |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 64,683 |
$ 72,791 |
$ 112,839 |
VictoryShares International Volatility Wtd ETF |
$ 412,719 |
$ 323,048 |
$ 120,885 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$589,587 |
$907,844 |
$664,671 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$393,407 |
$261,516 |
$172,610 |
VictoryShares International High Div Volatility Wtd ETF |
$153,347 |
$304,289 |
$173,975 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$90,497 |
$169,284 |
$120,301 |
VictoryShares Dividend Accelerator ETF |
$920,160 |
$493,381 |
$30,876 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$459,365 |
$443,648 |
$84,636 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$2,281,481 |
$2,086,617 |
$2,908,211 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$2,109,770 |
$1,904,133 |
$2,303,215 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$150,781 |
$169,312 |
$343,812 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$174,430 |
$327,159 |
$597,402 |
VictoryShares Nasdaq Next 50 ETF |
$138,833 |
$—* |
$ —* |
Fund |
2021
Fees Waived |
2020
Fees Waived |
2019
Fees Waived |
VictoryShares US 500 Volatility Wtd ETF |
$302,947 |
$381,032 |
$362,560 |
VictoryShares US Small Cap Volatility Wtd ETF |
$42,901 |
$48,451 |
$40,167 |
VictoryShares International Volatility Wtd ETF |
$186,619 |
$150,724 |
$84,815 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$115,722 |
$174,846 |
$146,752 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$92,551 |
$77,172 |
$50,983 |
VictoryShares International High Div Volatility Wtd ETF |
$79,421 |
$90,955 |
$60,475 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$137,281 |
$130,932 |
$101,122 |
VictoryShares Dividend Accelerator ETF |
$153,181 |
$112,345 |
$24,542 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$93,897 |
$101,672 |
$35,840 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$341,488 |
$344,809 |
$492,244 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$333,815 |
$307,700 |
$394,050 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$56,006 |
$65,785 |
$82,041 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$187,876 |
$162,383 |
$167,208 |
VictoryShares Nasdaq Next 50 ETF |
$107,539 |
$—* |
$—* |
|
Registered
Investment
Company Accounts |
Pooled Investment
Vehicle Accounts |
Other Accounts |
Total
Assets
Managed
(In
Millions) | |||
Assets
Managed
(In Millions |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts | ||
Mannik Dhillon |
$57,895.06 |
59 |
$56.74 |
3 |
$162.48 |
3 |
$ 58,114.28 |
|
Registered
Investment
Company Accounts |
Pooled Investment
Vehicle Accounts |
Other Accounts |
Total
Assets
Managed
(In
Millions) | |||
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts | ||
Mannik Dhillon |
$23,854.47 |
15 |
$0 |
— |
$0 |
— |
$ 23,854.47
|
Fund |
Dollar Range of shares
Beneficially Owned as of
June 30, 2021 |
VictoryShares US 500 Volatility Wtd ETF |
$10,001-50,000 |
VictoryShares US Small Cap Volatility Wtd ETF |
None |
VictoryShares International Volatility Wtd ETF |
$1-10,000 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
None |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$1-10,000 |
VictoryShares International High Div Volatility Wtd ETF |
None |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$1-10,000 |
VictoryShares Dividend Accelerator ETF |
$1-10,000 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$1-10,000 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
None |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
None |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
None |
VictoryShares Developed Enhanced Volatility Wtd ETF |
None |
VictoryShares Nasdaq Next 50 ETF |
None |
Fund |
2021
Fees Paid |
2020
Fees Paid |
2019
Fees Paid |
VictoryShares US 500 Volatility Wtd ETF |
$ 5,679 |
$ 6,129 |
$ 5,095 |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 172 |
$ 205 |
$ 243 |
VictoryShares International Volatility Wtd ETF |
$ 831 |
$ 625 |
$ 226 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$1,634 |
$2,445 |
$1,658 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$943 |
$684 |
$419 |
VictoryShares International High Div Volatility Wtd ETF |
$367 |
$592 |
$340 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$175 |
$299 |
$202 |
VictoryShares Dividend Accelerator ETF |
$2,462 |
$1,198 |
$77 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$1,288 |
$1,111 |
$200 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$6,105 |
$5,665 |
$7,622 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$5,609 |
$5,116 |
$6,030 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$400 |
$489 |
$891 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$374 |
$691 |
$1,197 |
VictoryShares Nasdaq Next 50 ETF |
$669 |
$—* |
$ —* |
Fund |
2021
Fees Paid |
2020
Fees Paid |
2019
Fees Paid |
VictoryShares US 500 Volatility Wtd ETF |
$ 393,250 |
$ 460,228 |
$ 410,438 |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 12,474 |
$ 14,447 |
$ 23,287 |
VictoryShares International Volatility Wtd ETF |
$ 59,872 |
$ 48,292 |
$ 18,845 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$114,235 |
$180,083 |
$138,161 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$74,812 |
$51,985 |
$35,771 |
VictoryShares International High Div Volatility Wtd ETF |
$22,754 |
$45,379 |
$26,961 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$11,749 |
$22,377 |
$16,634 |
VictoryShares Dividend Accelerator ETF |
$177,921 |
$98,882 |
$6,408 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$89,237 |
$88,501 |
$17,614 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$440,672 |
$415,409 |
$600,300 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$407,031 |
$379,181 |
$475,706 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$29,094 |
$33,636 |
$70,988 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$25,456 |
$48,651 |
$92,435 |
VictoryShares Nasdaq Next 50 ETF |
$52,728 |
$—* |
$ —* |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate
(paid to
borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
VictoryShares US 500
Volatility Wtd ETF |
$34,711 |
$3,443 |
$154 |
$3,597 |
$31,114 |
VictoryShares US
Small Cap Volatility
Wtd ETF |
$1,581 |
$157 |
$3 |
$160 |
$1,421 |
VictoryShares
International Volatility
Wtd ETF |
$34,370 |
$2,994 |
$325 |
$3,319 |
$31,051 |
VictoryShares US
Large Cap High Div
Volatility Wtd ETF |
$1,580 |
$130 |
$270 |
$400 |
$1,180 |
VictoryShares US
Small Cap High Div
Volatility Wtd ETF |
$23,315 |
$2,330 |
$112 |
$2,442 |
$20,873 |
VictoryShares
International High Div
Volatility Wtd ETF |
$21,213 |
$2,018 |
— |
$2,018 |
$19,195 |
VictoryShares
Emerging Market
High Div Volatility
Wtd ETF |
$7 |
$1 |
— |
$1 |
$6 |
VictoryShares
Dividend Accelerator
ETF |
$220 |
$18 |
$3 |
$21 |
$199 |
VictoryShares US
Multi-Factor
Minimum Volatility
ETF |
$349 |
$33 |
$20 |
$53 |
$296 |
VictoryShares US 500
Enhanced Volatility
Wtd ETF |
$35,398 |
$3,539 |
$47 |
$3,586 |
$31,812 |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate
(paid to
borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
VictoryShares US EQ
Income Enhanced
Volatility Wtd ETF |
$8,302 |
$648 |
$1,737 |
$2,385 |
$5,917 |
VictoryShares US
Discovery Enhanced
Volatility Wtd ETF |
$4,285 |
$426 |
$14 |
$440 |
$3,845 |
VictoryShares
Developed Enhanced
Volatility Wtd ETF |
$13,389 |
$1,317 |
— |
$1,317 |
$12,072 |
VictoryShares Nasdaq
Next 50 ETF |
$141,665 |
$14,167 |
$2,676 |
$16,843 |
$124,822 |
Fund |
2021 |
2020 |
2019 |
VictoryShares US 500 Volatility Wtd ETF |
$ 76,954 |
$ 82,995 |
$ 112,559 |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 11,562 |
$ 11,512 |
$ 18,754 |
VictoryShares International Volatility Wtd ETF |
$ 45,169 |
$ 37,000 |
$ 20,946 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$56,238 |
$80,859 |
$67,790 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$104,451 |
$55,957 |
$35,138 |
VictoryShares International High Div Volatility Wtd ETF |
$42,988 |
$55,369 |
$36,730 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$32,107 |
$56,227 |
$59,677 |
VictoryShares Dividend Accelerator ETF |
$22,696 |
$27,466 |
$1,303 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$22,296 |
$32,097 |
$3,749 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$120,150 |
$162,687 |
$381,080 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$197,928 |
$369,780 |
$460,015 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$27,316 |
$98,739 |
$271,286 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$32,389 |
$39,938 |
$189,837 |
VictoryShares Nasdaq Next 50 ETF |
$17,179 |
$—* |
$ —* |
Fund |
Broker-Dealer |
Type of
Security
(Debt or
Equity) |
Aggregate
Value ($000s) |
Developed Enhanced Volatility Wtd ETF |
Barclays PLC |
Equity |
$ 51 |
Developed Enhanced Volatility Wtd ETF |
Credit Suisse Group AG |
Equity |
$ 49 |
Developed Enhanced Volatility Wtd ETF |
Mitsubishi Corp. |
Equity |
$98 |
Developed Enhanced Volatility Wtd ETF |
Mizuho Financial Group,
Inc. |
Equity |
$171 |
Developed Enhanced Volatility Wtd ETF |
UBS Group AG |
Equity |
$78 |
International High Div Volatility Wtd ETF |
Mitsubishi Corp. |
Equity |
$229 |
International High Div Volatility Wtd ETF |
Mizuho Financial Group,
Inc. |
Equity |
$400 |
International High Div Volatility Wtd ETF |
UBS Group AG |
Equity |
$183 |
International Volatility Wtd ETF |
Mitsubishi Corp. |
Equity |
$229 |
International Volatility Wtd ETF |
Mizuho Financial Group,
Inc. |
Equity |
$400 |
International Volatility Wtd ETF |
UBS Group AG |
Equity |
$183 |
US 500 Enhanced Volatility Wtd ETF |
Bank of America Corp. |
Equity |
$1,637 |
US 500 Enhanced Volatility Wtd ETF |
Citigroup, Inc. |
Equity |
$1,328 |
US 500 Enhanced Volatility Wtd ETF |
Morgan Stanley |
Equity |
$1,854 |
US 500 Enhanced Volatility Wtd ETF |
The Goldman Sachs Group,
Inc. |
Equity |
$1,840 |
US 500 Volatility Wtd ETF |
Bank of America Corp. |
Equity |
$1,232 |
US 500 Volatility Wtd ETF |
Citigroup, Inc. |
Equity |
$1,000 |
US 500 Volatility Wtd ETF |
Morgan Stanley |
Equity |
$1,395 |
US 500 Volatility Wtd ETF |
The Goldman Sachs Group,
Inc. |
Equity |
$1,387 |
US EQ Income Enhanced Volatility Wtd ETF |
Citigroup, Inc. |
Equity |
$6,077 |
US Large Cap High Div Volatility Wtd ETF |
Citigroup, Inc. |
Equity |
$ 1,464 |
Fund |
2021 |
2020 |
VictoryShares US 500 Volatility Wtd ETF |
34% |
28% |
VictoryShares US Small Cap Volatility Wtd ETF |
71% |
50% |
VictoryShares International Volatility Wtd ETF |
45% |
41% |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
67% |
56% |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
104% |
68% |
VictoryShares International High Div Volatility Wtd ETF |
111% |
71% |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
101% |
86% |
VictoryShares Dividend Accelerator ETF |
41% |
74% |
VictoryShares US Multi-Factor Minimum Volatility ETF |
56% |
69% |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
34% |
56% |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
65% |
116% |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
70% |
232% |
VictoryShares Developed Enhanced Volatility Wtd ETF |
55% |
33% |
VictoryShares Nasdaq Next 50 ETF |
68% |
—%* |
Fund |
Short-Term
Amount |
Long-Term
Amount |
Total |
VictoryShares US 500 Volatility Wtd ETF |
$ 32,961,455 |
$ 40,015,382 |
$ 72,976,837 |
VictoryShares US Small Cap Volatility Wtd ETF |
$ 4,331,731 |
$ 4,000,814 |
$ 8,332,545 |
VictoryShares International Volatility Wtd ETF |
$ 2,133,118 |
$ 3,628,271 |
$ 5,761,389 |
VictoryShares US Large Cap High Div Volatility Wtd ETF |
$24,533,271 |
$24,047,315 |
$48,580,586 |
VictoryShares US Small Cap High Div Volatility Wtd ETF |
$17,059,791 |
$7,314,557 |
$24,374,348 |
VictoryShares International High Div Volatility Wtd ETF |
$6,491,232 |
$7,844,520 |
$14,335,752 |
VictoryShares Emerging Market High Div Volatility Wtd ETF |
$1,878,803 |
$3,502,728 |
$5,381,531 |
VictoryShares Dividend Accelerator ETF |
$6,483,950 |
$582,487 |
$7,066,437 |
VictoryShares US Multi-Factor Minimum Volatility ETF |
$9,291,562 |
$1,066,391 |
$10,357,953 |
VictoryShares US 500 Enhanced Volatility Wtd ETF |
$37,473,355 |
$21,460,892 |
$58,934,247 |
VictoryShares US EQ Income Enhanced Volatility Wtd ETF |
$23,545,385 |
$38,371,169 |
$61,916,554 |
VictoryShares US Discovery Enhanced Volatility Wtd ETF |
$28,850,722 |
$3,486,082 |
$32,336,804 |
VictoryShares Developed Enhanced Volatility Wtd ETF |
$15,822,824 |
$10,448,580 |
$26,271,404 |
VictoryShares Nasdaq Next 50 ETF |
$7,214,867 |
$—* |
$ 7,214,867 |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VictoryShares Developed Enhanced Volatility Wtd |
PERSHING LLC
One Pershing Plaza
14th Floor
Jersey City NY 07399 |
22.4% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
11.7% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
8.8% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
8.4% |
|
AMERIPRISE FINANCIAL SERVICES, LLC
50033 Ameriprise Financial Center
Minneapolis MN 55474 |
7.5% |
|
J.P. MORGAN SECURITIES LLC
383 Madison Avenue
New York NY 10179 |
7.5% |
|
STIFEL, NICOLAUS & COMPANY,
INCORPORATED
501 North Broadway
St. Louis MO 63102 |
6.1% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
5.2% |
VictoryShares Dividend Accelerator ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
40.6% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
19.3% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
7.5% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
6.6% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
5.1% |
VictoryShares Emerging Market High Div Vol Wtd
ETF |
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
34.5% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
27.0% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
11.2% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
6.2% |
VictoryShares International High Div Volatility
Wtd |
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
36.8% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
19.5% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
11.2% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
8.4% |
|
J.P. MORGAN SECURITIES LLC
383 Madison Avenue
New York NY 10179 |
7.8% |
VictoryShares International Volatility Wtd |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
76.6% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
11.5% |
VictoryShares Nasdaq Next 50 ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
62.0% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
5.9% |
VictoryShares US 500 Enhanced Volatility Wtd |
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
17.9% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 Carillon Pkwy
St. Petersburg FL 33716 |
17.1% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
9.1% |
|
PERSHING LLC
One Pershing Plaza
14th Floor
Jersey City NY 07399 |
9.0% |
|
AMERIPRISE FINANCIAL SERVICES, LLC
50033 Ameriprise Financial Center
Minneapolis MN 55474 |
8.2% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
7.5% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
7.2% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
5.2% |
VictoryShares US 500 Volatility Wtd |
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
21.3% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
12.5% |
|
EDWARD JONES
12555 Manchester Road
Saint Louis MO 63131 |
7.9% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
7.7% |
|
UBS FINANCIAL SERVICES INC.
1000 Harbor Blvd 5th Floor
Weehawken NJ 07086 |
6.6% |
|
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
6.0% |
|
AMERIPRISE FINANCIAL SERVICES, LLC
50033 Ameriprise Financial Center
Minneapolis MN 55474 |
6.0% |
VictoryShares US Discovery Enhanced Volatility
Wtd |
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
14.1% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
12.9% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
11.2% |
|
TD AMERITRADE CLEARING, INC.
200 South 108th Avenue
Omaha NE 68154 |
10.2% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
10.1% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 Carillon Pkwy
St. Petersburg FL 33716 |
9.7% |
|
PERSHING LLC
One Pershing Plaza
14th Floor
Jersey City NY 07399 |
9.4% |
|
STIFEL, NICOLAUS & COMPANY,
INCORPORATED
501 North Broadway
St. Louis MO 63102 |
7.1% |
VictoryShares US EQ Income Enhanced Volatility
Wtd |
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
20.2% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
11.1% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 Carillon Pkwy
St. Petersburg FL 33716 |
10.9% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
9.5% |
|
TD AMERITRADE CLEARING, INC.
200 South 108th Avenue
Omaha NE 68154 |
6.5% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
6.1% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
6.0% |
|
RBC CAPITAL MARKETS, LLC
3 World Financial Center
300 Vesey Street
New York NY 10281 |
5.8% |
|
PERSHING LLC
One Pershing Plaza
14th Floor
Jersey City NY 07399 |
5.4% |
VictoryShares US Large Cap High Div Volatility
Wtd |
EDWARD JONES
12555 Manchester Road
Saint Louis MO 63131 |
22.7% |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
14.9% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
13.0% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
10.5% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
8.9% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
7.2% |
VictoryShares US Multi-Factor Minimum Volatility
ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
40.0% |
|
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
14.6% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 Carillon Pkwy
St. Petersburg FL 33716 |
11.0% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
MORGAN STANLEY
2000 Westchester Avenue
Purchase NY 10577 |
8.5% |
|
RBC CAPITAL MARKETS, LLC
3 World Financial Center
300 Vesey Street
New York NY 10281 |
8.0% |
|
PERSHING LLC
One Pershing Plaza
14th Floor
Jersey City NY 07399 |
5.3% |
VictoryShares US Small Cap High Div Volatility
Wtd |
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
41.0% |
|
NATIONAL FINANCIAL SERVICES, LLC
499 Washington Blvd
Jersey City NJ 07310 |
19.2% |
|
TD AMERITRADE CLEARING, INC.
200 South 108th Avenue
Omaha NE 68154 |
8.1% |
|
UBS FINANCIAL SERVICES INC.
1000 Harbor Blvd 5th Floor
Weehawken NJ 07086 |
7.8% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
7.0% |
VictoryShares US Small Cap Volatility Wtd |
LPL FINANCIAL LLC
9785 Towne Center Drive
San Diego CA 92121 |
22.8% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
4800 E Deer Lake Drive
Jacksonville FL 32246 |
21.2% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
16.1% |
|
COMERICA BANK
411 W. Lafayette
Detroit MI 48226 |
14.6% |
|
STIFEL, NICOLAUS & COMPANY,
INCORPORATED
501 North Broadway
St. Louis MO 63102 |
6.3% |
Argentina |
Australia |
Austria |
Belgium |
Bermuda |
Brazil |
Bulgaria |
November 22 |
November 2 |
November 1 |
April 15 |
November 11 |
November 2 |
December 24 |
December 8 |
December 24 |
December 8 |
April 18 |
December 27 |
November 15 |
December 27 |
|
December 27 |
December 24 |
|
December 28 |
January 25 |
December 28 |
|
December 28 |
December 31 |
|
January 3 |
February 28 |
December 31 |
|
December 31 |
|
|
April 15 |
March 1 |
January 3 |
|
January 3 |
|
|
April 18 |
March 2 |
March 3 |
|
January 26 |
|
|
|
April 15 |
April 15 |
|
March 14 |
|
|
|
April 21 |
April 18 |
|
April 15 |
|
|
|
June 16 |
April 22 |
|
April 18 |
|
|
|
September 7 |
April 25 |
|
April 25 |
|
|
|
October 12 |
May 2 |
|
June 13 |
|
|
|
|
May 6 |
|
August 1 |
|
|
|
|
May 24 |
|
September 23 |
|
|
|
|
September 6 |
|
October 3 |
|
|
|
|
September 22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chile |
Colombia |
Costa Rica |
Cyprus |
Czech
Republic |
Denmark |
Finland |
November 1 |
November 1 |
December 1 |
December 24 |
November 17 |
December 24 |
December 6 |
December 8 |
November 15 |
April 14 |
January 6 |
December 24 |
December 31 |
December 24 |
April 15 |
December 8 |
April 15 |
March 7 |
April 15 |
|
December 31 |
June 21 |
December 24 |
July 25 |
March 25 |
April 18 |
|
January 6 |
June 27 |
December 31 |
August 1 |
April 1 |
July 5 |
|
April 15 |
August 15 |
January 10 |
August 15 |
April 15 |
July 6 |
|
April 18 |
September 19 |
March 21 |
September 19 |
April 18 |
September 28 |
|
May 26 |
October 10 |
April 14 |
|
April 22 |
October 28 |
|
June 24 |
October 31 |
April 15 |
|
April 25 |
|
|
|
|
May 30 |
|
April 26 |
|
|
|
|
June 20 |
|
June 21 |
|
|
|
|
June 27 |
|
October 28 |
|
|
|
|
July 4 |
|
|
|
|
|
|
July 20 |
|
|
|
|
|
|
August 15 |
|
|
|
|
|
|
October 17 |
|
|
|
|
|
Greece |
Hong Kong |
Hungary |
Indonesia |
Ireland |
Japan |
Kazakhstan |
December 24 |
December 24 |
November 1 |
December 31 |
December 27 |
November 3 |
December 1 |
January 6 |
December 27 |
December 11 |
|
|
November 23 |
December 16 |
March 7 |
December 31 |
December 24 |
|
|
December 31 |
December 17 |
March 25 |
January 31 |
March 14 |
|
|
January 3 |
|
April 15 |
February 1 |
March 15 |
|
|
January 10 |
|
April 18 |
February 2 |
March 26 |
|
|
February 11 |
|
April 22 |
February 3 |
April 15 |
|
|
February 23 |
|
Greece |
Hong Kong |
Hungary |
Indonesia |
Ireland |
Japan |
Kazakhstan |
April 25 |
April 5 |
April 18 |
|
|
March 21 |
|
June 13 |
April 15 |
June 6 |
|
|
April 29 |
|
August 15 |
April 18 |
October 15 |
|
|
May 3 |
|
October 28 |
May 2 |
October 31 |
|
|
May 4 |
|
|
May 9 |
|
|
|
May5 |
|
|
June 3 |
|
|
|
July 18 |
|
|
July 1 |
|
|
|
August 11 |
|
|
September 12 |
|
|
|
September 19 |
|
|
October 4 |
|
|
|
September 23 |
|
|
|
|
|
|
October 10 |
|
Kuwait |
Malaysia |
Mexico |
Netherlands |
New Zealand |
Nigeria |
Panama |
February 27 |
November 4 |
November 2 |
April 15 |
December 24 |
April 15 |
November 3 |
March 1 |
January 18 |
November 15 |
April 18 |
December 27 |
April 18 |
November 4 |
May 3 |
February 1 |
|
|
December 28 |
May 2 |
November 5 |
May 4 |
February 2 |
|
|
December 31 |
May 3 |
November 10 |
May 5 |
April 19 |
|
|
January 3 |
|
November 29 |
July 10 |
May 3 |
|
|
January 4 |
|
December 8 |
July 11 |
May 4 |
|
|
February 7 |
|
January 10 |
July 12 |
May 16 |
|
|
April 15 |
|
February 28 |
July 31 |
June 6 |
|
|
April 18 |
|
March 1 |
October 9 |
July 11 |
|
|
April 25 |
|
March 2 |
|
August 31 |
|
|
June 6 |
|
April 14 |
|
September 16 |
|
|
June 24 |
|
April 15 |
|
October 10 |
|
|
October 24 |
|
May 2 |
|
October 24 |
|
|
|
|
|
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
Slovak
Republic |
November 1 |
November 1 |
November 1 |
November 1 |
November 4 |
November 4 |
November 1 |
December 8 |
November 2 |
November 11 |
December 1 |
November 5 |
December 24 |
November 17 |
December 25 |
November 30 |
December 24 |
December 8 |
December 31 |
December 31 |
December 24 |
|
December 8 |
December 31 |
|
January 3 |
January 1 |
January 6 |
|
December 24 |
January 6 |
|
January 4 |
February 1 |
April 15 |
|
December 30 |
April 15 |
|
January 5 |
February 2 |
April 18 |
|
December 31 |
April 18 |
|
January 6 |
April 15 |
July 5 |
|
|
May 3 |
|
January 7 |
May 2 |
September 1 |
|
|
June 16 |
|
February 23 |
May 3 |
September 15 |
|
|
August 15 |
|
March 5 |
May 16 |
|
|
|
|
|
March 7 |
July 9 |
|
|
|
|
|
May 2 |
August 9 |
|
|
|
|
|
May 3 |
October 24 |
|
|
|
|
|
May 9 |
|
|
|
|
|
|
May 10 |
|
|
|
|
|
|
June 13 |
|
|
South Africa |
South Korea |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Taiwan |
December 16 |
January 31 |
January 1 |
November 4 |
November 5 |
December 24 |
December 31 |
December 27 |
February 1 |
January 6 |
November 18 |
December 24 |
December 31 |
January 22 |
March 21 |
February 2 |
April 15 |
December 24 |
December 31 |
|
January 31 |
April 15 |
March 1 |
April 18 |
|
|
|
February 1 |
April 18 |
March 9 |
August 15 |
|
|
|
February 2 |
South Africa |
South Korea |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Taiwan |
April 27 |
May 5 |
|
|
|
|
February 3 |
May 2 |
June 1 |
|
|
|
|
February 4 |
June 16 |
June 6 |
|
|
|
|
February 28 |
August 9 |
August 15 |
|
|
|
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April 4 |
|
September 9 |
|
|
|
|
April 5 |
|
September 12 |
|
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|
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May 2 |
|
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|
|
|
|
June 3 |
|
|
|
|
|
|
September 9 |
|
|
|
|
|
|
October 10 |
Thailand |
Turkey |
Ukraine |
United Kingdom |
Vietnam |
December 6 |
May 2 |
December 27 |
December 24 |
January 3 |
December 10 |
May 3 |
January 3 |
December 27 |
January 31 |
December 31 |
May 4 |
January 7 |
December 28 |
February 1 |
January 3 |
May 19 |
March 8 |
December 31 |
February 2 |
February 16 |
July 8 |
April 25 |
January 3 |
February 3 |
April 6 |
July 11 |
May 2 |
April 15 |
February 4 |
April 13 |
July 12 |
May 9 |
April 18 |
April 11 |
April 14 |
July 15 |
June 13 |
May 2 |
May 2 |
April 15 |
August 30 |
June 28 |
June 2 |
May 3 |
May 2 |
October 28 |
August 24 |
June 3 |
September 1 |
May 4 |
|
October 14 |
August 29 |
September 2 |
May 16 |
|
|
|
|
June 3 |
|
|
|
|
July 13 |
|
|
|
|
July 28 |
|
|
|
|
August 12 |
|
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October 13 |
|
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October 24 |
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|
Fund |
Ticker |
VictoryShares USAA MSCI USA Value Momentum ETF |
ULVM |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
USVM |
VictoryShares USAA MSCI International Value Momentum ETF |
UIVM |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
UEVM |
VictoryShares USAA Core Short-Term Bond ETF |
USTB |
VictoryShares USAA Core Intermediate-Term Bond ETF |
UITB |
Predecessor Fund Name |
Fund Name |
USAA MSCI USA Value Momentum Blend Index ETF |
VictoryShares USAA MSCI USA Value Momentum ETF |
USAA MSCI USA Small Cap Value Momentum Blend Index ETF |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
USAA MSCI International Value Momentum Blend Index ETF |
VictoryShares USAA MSCI International Value Momentum ETF |
USAA MSCI Emerging Markets Value Momentum Blend Index ETF |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
USAA Core Short-Term Bond ETF |
VictoryShares USAA Core Short-Term Bond ETF |
USAA Core Intermediate-Term Bond ETF |
VictoryShares USAA Core Intermediate-Term Bond ETF |
|
Fee for In-Kind and
Cash Purchases and
Redemptions |
Maximum
Additional Variable
Charge for Cash
Purchases and
Redemptions* |
VictoryShares USAA MSCI USA Value Momentum ETF |
$ 500 |
2.00% |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
$ 750 |
2.00% |
VictoryShares USAA MSCI International Value Momentum ETF |
$ 3,000 |
2.00% |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
$ 5,500 |
2.00% |
VictoryShares USAA Core Short-Term Bond ETF |
$ 100 |
2.00% |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$ 100 |
2.00% |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David Brooks
Adcock,
Born October
1951 |
Trustee |
May 2015 |
Consultant (since 2006). |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Chairman,
Board of
Trustees,
Turner Funds
(December
2016
-December
2017). |
Nigel
D.T.Andrews,
Born April 1947 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Director, TCG
BDC II, Inc.
(since 2017);
Director, TCG
BDC I, Inc.
(formerly
Carlyle GMS
Finance, Inc.)
(since 2012);
Trustee, Carlyle
Secured
Lending III
(since 2021). |
E. Lee Beard*,
Born August
1951 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
Dennis M.
Bushe,
Born January
1944 |
Trustee |
July 2016 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
John L. Kelly,
Born April 1953 |
Vice Chair and
Trustee |
May 2015 |
Partner, McCarvill
Capital Partners
(September
2016-September 2017). |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Director,
Caledonia
Mining
Corporation
(since May
2012). |
David L.
Meyer*,
Born April 1957 |
Trustee |
May 2015 |
Retired. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
None. |
Gloria S.
Nelund,
Born May 1961 |
Trustee |
July 2016 |
Chair, CEO, and
Co-Founder of TriLinc
Global, LLC, an
investment firm. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
TriLinc Global
Impact Fund,
LLC (since
2012). |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
Leigh A. Wilson,
Born December
1944 |
Chair and
Trustee |
May 2015 |
Private Investor. |
74 portfolios comprised
of 25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, and 8
portfolios in Victory
Variable Insurance
Funds |
Chair (since
2013),
Caledonia
Mining
Corporation. |
Name and Age |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David C.
Brown**,
Born May 1972 |
Trustee |
May 2015 |
Chief Executive Officer
and Chairman
(2013-present), Victory
Capital
Management Inc.; Chief
Executive Officer and
Chairman
(2013-present), Victory
Capital Holdings, Inc.;
Director, Victory Capital
Services, Inc.
(2013-present); Director,
Victory Capital Transfer
Agency, Inc.
(2019-present). |
120
portfolios comprised of
25 portfolios in the
Trust, 41 portfolios in
Victory Portfolios, 8
portfolios in Victory
Variable Insurance
Funds, and 46 portfolios
in USAA Mutual Funds
Trust. |
Trustee, USAA
Mutual Funds
Trust. |
Name and Age |
Position with
the Trust |
Date
Commenced
Service |
Principal Occupation During Past 5 Years |
Christopher K.
Dyer,
Born February
1962 |
President |
May 2015 |
Director of Mutual Fund Administration, Victory
Capital Management Inc. (2004-present). Chief
Operating Officer, Victory Capital Services, Inc.
(2020-present). Vice President, Victory Capital Transfer
Agency, Inc. (2019-present). |
Scott A. Stahorsky,
Born July 1969 |
Vice President |
May 2015 |
Manager, Fund Administration, the Adviser. |
Erin G. Wagner,
Born February
1974 |
Secretary |
May 2015 |
Associate General Counsel, the Adviser (since 2013). |
Allan Shaer,
Born March 1965 |
Treasurer |
December 2017 |
Senior Vice President, Financial Administration, Citi
Fund Services Ohio, Inc. (since 2016); Vice President,
Mutual Fund Administration, JP Morgan Chase
(2011-2016). |
Name and Age |
Position with
the Trust |
Date
Commenced
Service |
Principal Occupation During Past 5 Years |
Christopher Ponte,
Born March 1984 |
Assistant
Treasurer |
May 2015 |
Manager, Fund Administration, the Adviser (since
2017); Senior Analyst, Fund Administration, the
Adviser (prior to 2017); Chief Financial Officer,
Victory Capital Advisers, Inc. (since 2018). |
Colin Kinney,
Born October 1973 |
Chief
Compliance
Officer |
July 2017 |
Chief Compliance Officer (since 2013) and Chief Risk
Officer (2009-2017), the Adviser. |
Sean Fox,
Born September
1976 |
Deputy Chief
Compliance
Officer |
July 2021 |
Sr. Compliance Officer, the Adviser (2019-2021),
Compliance Officer, the Adviser (2015-2019). |
Charles Booth,
Born April 1960 |
Anti-Money
Laundering
Compliance
Officer and
Identity Theft
Officer |
May 2015 |
Director, Regulatory Administration and CCO Support
Services, Citi Fund Services Ohio, Inc. |
Jay G. Baris,
Born January 1954 |
Assistant
Secretary |
May 2015 |
Partner, Sidley Austin LLP (since April 2020); Partner,
Shearman & Sterling LLP (January 2018 - April 2020);
Partner, Morrison & Foerster LLP (2011 – January
2018). |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock |
17,267 |
330,000 |
Mr. Andrews |
20,037 |
380,000 |
Ms. Beard |
17,267 |
330,000 |
Mr. Bushe |
17,267 |
330,000 |
Mr. Kelly |
20,037 |
380,000 |
Mr. Meyer |
17,267 |
330,000 |
Ms. Nelund |
17,267 |
330,000 |
Mr. Wilson |
25,115 |
480,000 |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Brown* |
None |
None |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock |
2,590 |
49,500 |
Mr. Bushe |
12,695 |
297,000 |
Fund |
Advisory Fee |
VictoryShares USAA MSCI USA Value Momentum ETF |
0.15% |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
0.15% |
VictoryShares USAA MSCI International Value Momentum ETF |
0.25% |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
0.30% |
VictoryShares USAA Core Short-Term Bond ETF |
0.25% |
VictoryShares USAA Core Intermediate-Term Bond ETF |
0.30% |
Fund |
2021 |
2020*** |
2019* |
2019** |
VictoryShares USAA MSCI USA Value Momentum ETF |
$743,167 |
$592,313 |
$502,661 |
$119,526 |
VictoryShares USAA MSCI USA Small Cap Value Momentum
ETF |
$422,811 |
$251,197 |
$107,833 |
$26,918 |
VictoryShares USAA MSCI International Value Momentum ETF |
$956,101 |
$677,043 |
$626,043 |
$139,315 |
VictoryShares USAA MSCI Emerging Markets Value Momentum
ETF |
$742,275 |
$427,425 |
$416,701 |
$88,457 |
VictoryShares USAA Core Short-Term Bond ETF |
$552,324 |
$195,576 |
$142,696 |
$34,456 |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$1,898,886 |
$972,891 |
$489,000 |
$ 149,893 |
Fund |
Fees Waived 2021 |
Fees Waived 2020* |
Fees Waived 2019** |
Fees Waived 2019*** |
VictoryShares
USAA MSCI
USA Value
Momentum
ETF |
$343,353 |
$334,253 |
$37,604 |
$167,554 |
Fund |
Fees Waived 2021 |
Fees Waived 2020* |
Fees Waived 2019** |
Fees Waived 2019*** |
VictoryShares
USAA MSCI
USA Small Cap
Value
Momentum
ETF |
$98,379 |
$99,856 |
$9,112 |
$35,944 |
VictoryShares
USAA MSCI
International
Value
Momentum
ETF |
$278,572 |
$171,150 |
$19,771 |
$125,209 |
VictoryShares
USAA MSCI
Emerging
Markets Value
Momentum
ETF |
$281,557 |
$166,777 |
$11,156 |
$69,450 |
VictoryShares
USAA Core
Short-Term
Bond ETF |
$76,367 |
$68,118 |
$7,765 |
$28,539 |
VictoryShares
USAA Core
Intermediate-Term
Bond ETF |
$219,145 |
$120,613 |
$17,737 |
$81,500 |
|
Registered
Investment
Company Accounts |
Pooled Investment
Vehicle Accounts |
Other Accounts |
Total
Assets
Managed
(In
Millions) | |||
Assets
Managed
(In Millions |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts | ||
VictoryShares USAA MSCI Index ETFs | |||||||
Kurt Daum |
$17,900.89 |
6 |
$0 |
— |
$0 |
— |
$17,900.89 |
Julianne Bass |
$17,900.89 |
6 |
$0 |
— |
$0 |
— |
$17,900.89 |
Brian Smith |
$16,402.22 |
6 |
$0 |
— |
$0 |
— |
$16,402.22 |
John Spear |
$17,900.89 |
6 |
$0 |
— |
$0 |
— |
$17,900.89 |
James F. Jackson Jr. |
$23,968.63 |
12 |
$0 |
— |
$0 |
— |
$23,968.63 |
R. Neal Graves |
$23,968.63 |
12 |
$0 |
— |
$0 |
— |
$23,968.63 |
VictoryShares USAA Bond ETFs | |||||||
Mannik Dhillon |
$57,895.06 |
59 |
$56.74 |
3 |
$162.48 |
3 |
$58,114.28 |
Lance Humphrey |
$13,556.69 |
19 |
$0 |
— |
$0 |
— |
$13,556.69 |
|
Registered
Investment
Company Accounts |
Pooled Investment
Vehicle Accounts |
Other Accounts |
Total
Assets
Managed
(In
Millions) | |||
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts |
Assets
Managed
(In Millions) |
Number of
Accounts | ||
VictoryShares USAA MSCI Index ETFs | |||||||
Kurt Daum |
$16,733.12 |
4 |
$0 |
— |
$0 |
— |
$16,733.12 |
Julianne Bass |
$16,733.12 |
4 |
$0 |
— |
$0 |
— |
$16,733.12 |
Brian Smith |
$15,234.44 |
4 |
$0 |
— |
$0 |
— |
$15,234.44 |
John Spear |
$16,733.12 |
4 |
$0 |
— |
$0 |
— |
$16,733.12 |
James F. Jackson Jr. |
$17,880.03 |
6 |
$0 |
— |
$0 |
— |
$17,880.03 |
R. Neal Graves |
$17,880.03 |
6 |
$0 |
— |
$0 |
— |
$17,880.03 |
VictoryShares USAA Bond ETFs | |||||||
Mannik Dhillon |
$23,854.47 |
15 |
$0 |
— |
$0 |
— |
$23,854.47 |
Lance Humphrey |
$0 |
— |
$0 |
— |
$0 |
— |
$0 |
Portfolio
Manager |
Fund |
Dollar Range
of Shares
Beneficially
Owned as of
June 30, 2021 |
MSCI Index ETFs Team |
|
|
Mr. Dhillon |
VictoryShares USAA MSCI USA Value Momentum ETF
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
VictoryShares USAA MSCI International Value Momentum ETF
VictoryShares USAA MSCI Emerging Markets Value Momentum
ETF |
None
None
None
None |
Portfolio
Manager |
Fund |
Dollar Range
of Shares
Beneficially
Owned as of
June 30, 2021 |
Mr. Humphrey |
VictoryShares USAA MSCI USA Value Momentum ETF
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
VictoryShares USAA MSCI International Value Momentum ETF
VictoryShares USAA MSCI Emerging Markets Value Momentum
ETF |
None
None
None
None |
Mr. Latif |
VictoryShares USAA MSCI USA Value Momentum ETF
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
VictoryShares USAA MSCI International Value Momentum ETF
VictoryShares USAA MSCI Emerging Markets Value Momentum
ETF |
None
None
None
None |
Bond ETFs Team |
|
|
Ms. Bass |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
None
None |
Mr. Daum |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
None
None |
Mr. Graves |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
$50,001-$100,000
$10,001-$50,000 |
Mr. Jackson Jr. |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
$10,001-$50,000
$10,001-$50,000 |
Mr. Smith |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
$10,001-$50,000
None |
Mr. Spear |
VictoryShares USAA Core Short-Term Bond ETF
VictoryShares USAA Core Intermediate-Term ETF |
None
None |
Fund |
2021
Fees Paid |
2020
Fees Paid* |
2019
Fees Paid** |
VictoryShares USAA MSCI USA Value Momentum ETF |
$4,209 |
$3,343 |
$294 |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
$2,334 |
$1,254 |
$65 |
VictoryShares USAA MSCI International Value Momentum ETF |
$3,168 |
$2,140 |
$206 |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
$1,980 |
$1,222 |
$116 |
VictoryShares USAA Core Short-Term Bond ETF |
$1,682 |
$609 |
$52 |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$4,946 |
$2,619 |
$173 |
Predecessor Fund |
Annual Administration
and Operating
Services Fee (% of average
daily net assets) |
USAA MSCI USA Value Momentum Blend Index ETF |
0.10% |
USAA MSCI USA Small Cap Value Momentum Blend Index ETF |
0.15% |
USAA MSCI International Value Momentum Blend Index ETF |
0.15% |
USAA MSCI Emerging Markets Value Momentum Blend Index ETF |
0.20% |
USAA Core Short-Term Bond ETF |
0.15% |
USAA Core Intermediate-Term Bond ETF |
0.15% |
Fund |
2021
Fees Paid |
2020
Fees Paid |
VictoryShares USAA MSCI USA Value Momentum ETF |
$288,677 |
$236,868 |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
$163,754 |
$100,740 |
VictoryShares USAA MSCI International Value Momentum ETF |
$222,370 |
$162,394 |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
$143,303 |
$85,435 |
VictoryShares USAA Core Short-Term Bond ETF |
$127,501 |
$47,075 |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$365,650 |
$195,215 |
Fund |
2019* |
2019** |
VictoryShares USAA MSCI USA Value Momentum ETF |
$335,108 |
$50,320 |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
$107,833 |
$14,030 |
VictoryShares USAA MSCI International Value Momentum ETF |
$375,626 |
$36,039 |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
$277,801 |
$20,672 |
VictoryShares USAA Core Short-Term Bond ETF |
$85,618 |
$11,308 |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$244,500 |
$32,659 |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate (paid
to borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
VictoryShares
USAA MSCI USA
Value Momentum
ETF |
$20,886 |
$2,027 |
$130 |
$2,157 |
$18,729 |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate (paid
to borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
VictoryShares
USAA MSCI USA
Small Cap Value
Momentum ETF |
$243,323 |
$24,253 |
$233 |
$24,486 |
$218,837 |
VictoryShares
USAA MSCI
International Value
Momentum ETF |
$106,699 |
$10,603 |
$- |
$10,603 |
$96,096 |
VictoryShares
USAA MSCI
Emerging Markets
Value Momentum
ETF |
$38,477 |
$3,848 |
$48 |
$3,896 |
$34,581 |
VictoryShares
USAA Core
Short-Term Bond
ETF |
$8,124 |
$810 |
$3 |
$813 |
$7,311 |
VictoryShares
USAA Core
Intermediate-Term
Bond ETF |
$2,804 |
$277 |
$50 |
$327 |
$2,477 |
Fund |
2021 |
2020* |
2019** |
VictoryShares USAA MSCI USA Value Momentum ETF |
$120,474 |
$116,445 |
$78,742 |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
$156,280 |
$122,124 |
$34,747 |
VictoryShares USAA MSCI International Value Momentum ETF |
$315,965 |
$200,653 |
$159,654 |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
$306,817 |
$141,156 |
$155,911 |
Fund |
2021 |
2020* |
2019** |
VictoryShares USAA Core Short-Term Bond ETF |
$- |
$0 |
$0 |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$156 |
$0 |
$ 0 |
Fund |
Brokerage
Commissions Paid |
Total Dollar Amount
of Such Transactions |
VictoryShares USAA MSCI USA Value Momentum ETF |
None |
None |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
None |
None |
VictoryShares USAA MSCI International Value Momentum ETF |
None |
None |
VictoryShares USAA MSCI Emerging Markets Value Momentum
ETF |
None |
None |
VictoryShares USAA Core Short-Term Bond ETF |
None |
None |
VictoryShares USAA Core Intermediate-Term Bond ETF |
$155.64 |
$ 237,378.46 |
Fund |
Broker-Dealer |
Type of
Security
(Debt or
Equity) |
Aggregate
Value ($000s) |
USAA MSCI International Value Mom ETF |
Barclays PLC |
Equity |
$1,618 |
USAA MSCI International Value Mom ETF |
Mitsubishi Corp. |
Equity |
$1,247 |
USAA MSCI International Value Mom ETF |
Mizuho Financial Group,
Inc. |
Equity |
$559 |
USAA MSCI USA Small Cap Value Mom ETF |
Jefferies Financial Group,
Inc. |
Equity |
$981 |
USAA MSCI USA Value Mom Index ETF |
Bank of America Corp. |
Equity |
$1,420 |
USAA MSCI USA Value Mom Index ETF |
Citigroup, Inc. |
Equity |
$2,438 |
USAA MSCI USA Value Mom Index ETF |
Morgan Stanley |
Equity |
$3,150 |
USAA MSCI USA Value Mom Index ETF |
The Goldman Sachs Group,
Inc. |
Equity |
$3,191 |
USAA Core Short-Term Bond ETF |
Citigroup, Inc. |
Debt |
$406 |
USAA Core Short-Term Bond ETF |
Morgan Stanley |
Debt |
$1,992 |
USAA Core Intermediate-Term Bond ETF |
Barclays PLC |
Debt |
$1,565 |
USAA Core Intermediate-Term Bond ETF |
Credit Suisse Group AG |
Debt |
$980 |
Fund |
Broker-Dealer |
Type of
Security
(Debt or
Equity) |
Aggregate
Value ($000s) |
USAA Core Intermediate-Term Bond ETF |
Credit Suisse Group Funding
Guernsey Ltd. |
Debt |
$542 |
USAA Core Intermediate-Term Bond ETF |
Mizuho Financial Group,
Inc. |
Debt |
$ 1,491 |
Fund |
2021 |
2020 |
VictoryShares USAA Core Short-Term Bond ETF |
80% |
72% |
VictoryShares USAA Core Intermediate-Term Bond ETF |
16% |
13% |
VictoryShares USAA MSCI USA Value Momentum ETF |
76% |
66% |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
78% |
70% |
VictoryShares USAA MSCI International Value Momentum ETF |
90% |
62% |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
95% |
51% |
Fund |
Short-Term
Amount |
Long-Term
Amount |
VictoryShares USAA Core Short-Term Bond ETF |
- |
- |
VictoryShares USAA Core Intermediate-Term Bond ETF |
- |
- |
VictoryShares USAA MSCI USA Value Momentum ETF |
46,215,266 |
27,236,702 |
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF |
29,253,603 |
8,031,372 |
VictoryShares USAA MSCI International Value Momentum ETF |
40,393,661 |
18,995,460 |
VictoryShares USAA MSCI Emerging Markets Value Momentum ETF |
13,909,530 |
6,470,588 |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VictoryShares USAA Core Intermediate-Term Bond
ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
65.2% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
20.7% |
|
THE NORTHERN TRUST COMPANY
50 South La Salle Street
Chicago IL 60603 |
8.5% |
VictoryShares USAA Core Short-Term Bond ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
70.0% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
19.2% |
VictoryShares USAA MSCI Emerging Markets
Value Momentum ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
81.7% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
9.4% |
VictoryShares USAA MSCI International Value
Momentum ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
80.1% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
14.6% |
VictoryShares USAA MSCI USA Small Cap Value
Momentum ETF |
TD AMERITRADE CLEARING, INC.
200 South 108th Avenue
Omaha NE 68154 |
50.5% |
|
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
30.5% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
9.0% |
VictoryShares USAA MSCI USA Value Momentum
Index ETF |
CITIBANK, NATIONAL ASSOCIATION
399 Park Avenue
New York NY 10022 |
80.0% |
|
CHARLES SCHWAB & CO., INC.
101 Montgomery Street
San Franciso CA 94101 |
14.5% |
Argentina |
Australia |
Austria |
Belgium |
Bermuda |
Brazil |
Bulgaria |
November 22 |
November 2 |
November 1 |
April 15 |
November 11 |
November 2 |
December 24 |
December 8 |
December 24 |
December 8 |
April 18 |
December 27 |
November 15 |
December 27 |
|
December 27 |
December 24 |
|
December 28 |
January 25 |
December 28 |
|
December 28 |
December 31 |
|
January 3 |
February 28 |
December 31 |
|
December 31 |
|
|
April 15 |
March 1 |
January 3 |
|
January 3 |
|
|
April 18 |
March 2 |
March 3 |
|
January 26 |
|
|
|
April 15 |
April 15 |
|
March 14 |
|
|
|
April 21 |
April 18 |
|
April 15 |
|
|
|
June 16 |
April 22 |
|
April 18 |
|
|
|
September 7 |
April 25 |
|
April 25 |
|
|
|
October 12 |
May 2 |
|
June 13 |
|
|
|
|
May 6 |
|
August 1 |
|
|
|
|
May 24 |
|
September 23 |
|
|
|
|
September 6 |
|
October 3 |
|
|
|
|
September 22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chile |
Colombia |
Costa Rica |
Cyprus |
Czech
Republic |
Denmark |
Finland |
November 1 |
November 1 |
December 1 |
December 24 |
November 17 |
December 24 |
December 6 |
December 8 |
November 15 |
April 14 |
January 6 |
December 24 |
December 31 |
December 24 |
April 15 |
December 8 |
April 15 |
March 7 |
April 15 |
|
December 31 |
June 21 |
December 24 |
July 25 |
March 25 |
April 18 |
|
January 6 |
June 27 |
December 31 |
August 1 |
April 1 |
July 5 |
|
April 15 |
August 15 |
January 10 |
August 15 |
April 15 |
July 6 |
|
April 18 |
September 19 |
March 21 |
September 19 |
April 18 |
September 28 |
|
May 26 |
October 10 |
April 14 |
|
April 22 |
October 28 |
|
June 24 |
October 31 |
April 15 |
|
April 25 |
|
|
|
|
May 30 |
|
April 26 |
|
|
|
|
June 20 |
|
June 21 |
|
|
|
|
June 27 |
|
October 28 |
|
|
|
|
July 4 |
|
|
|
|
|
|
July 20 |
|
|
|
|
|
|
August 15 |
|
|
|
|
|
|
October 17 |
|
|
|
|
|
Greece |
Hong Kong |
Hungary |
Indonesia |
Ireland |
Japan |
Kazakhstan |
December 24 |
December 24 |
November 1 |
December 31 |
December 27 |
November 3 |
December 1 |
January 6 |
December 27 |
December 11 |
|
|
November 23 |
December 16 |
March 7 |
December 31 |
December 24 |
|
|
December 31 |
December 17 |
March 25 |
January 31 |
March 14 |
|
|
January 3 |
|
April 15 |
February 1 |
March 15 |
|
|
January 10 |
|
April 18 |
February 2 |
March 26 |
|
|
February 11 |
|
April 22 |
February 3 |
April 15 |
|
|
February 23 |
|
Greece |
Hong Kong |
Hungary |
Indonesia |
Ireland |
Japan |
Kazakhstan |
April 25 |
April 5 |
April 18 |
|
|
March 21 |
|
June 13 |
April 15 |
June 6 |
|
|
April 29 |
|
August 15 |
April 18 |
October 15 |
|
|
May 3 |
|
October 28 |
May 2 |
October 31 |
|
|
May 4 |
|
|
May 9 |
|
|
|
May5 |
|
|
June 3 |
|
|
|
July 18 |
|
|
July 1 |
|
|
|
August 11 |
|
|
September 12 |
|
|
|
September 19 |
|
|
October 4 |
|
|
|
September 23 |
|
|
|
|
|
|
October 10 |
|
Kuwait |
Malaysia |
Mexico |
Netherlands |
New Zealand |
Nigeria |
Panama |
February 27 |
November 4 |
November 2 |
April 15 |
December 24 |
April 15 |
November 3 |
March 1 |
January 18 |
November 15 |
April 18 |
December 27 |
April 18 |
November 4 |
May 3 |
February 1 |
|
|
December 28 |
May 2 |
November 5 |
May 4 |
February 2 |
|
|
December 31 |
May 3 |
November 10 |
May 5 |
April 19 |
|
|
January 3 |
|
November 29 |
July 10 |
May 3 |
|
|
January 4 |
|
December 8 |
July 11 |
May 4 |
|
|
February 7 |
|
January 10 |
July 12 |
May 16 |
|
|
April 15 |
|
February 28 |
July 31 |
June 6 |
|
|
April 18 |
|
March 1 |
October 9 |
July 11 |
|
|
April 25 |
|
March 2 |
|
August 31 |
|
|
June 6 |
|
April 14 |
|
September 16 |
|
|
June 24 |
|
April 15 |
|
October 10 |
|
|
October 24 |
|
May 2 |
|
October 24 |
|
|
|
|
|
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
Slovak
Republic |
November 1 |
November 1 |
November 1 |
November 1 |
November 4 |
November 4 |
November 1 |
December 8 |
November 2 |
November 11 |
December 1 |
November 5 |
December 24 |
November 17 |
December 25 |
November 30 |
December 24 |
December 8 |
December 31 |
December 31 |
December 24 |
|
December 8 |
December 31 |
|
January 3 |
January 1 |
January 6 |
|
December 24 |
January 6 |
|
January 4 |
February 1 |
April 15 |
|
December 30 |
April 15 |
|
January 5 |
February 2 |
April 18 |
|
December 31 |
April 18 |
|
January 6 |
April 15 |
July 5 |
|
|
May 3 |
|
January 7 |
May 2 |
September 1 |
|
|
June 16 |
|
February 23 |
May 3 |
September 15 |
|
|
August 15 |
|
March 5 |
May 16 |
|
|
|
|
|
March 7 |
July 9 |
|
|
|
|
|
May 2 |
August 9 |
|
|
|
|
|
May 3 |
October 24 |
|
|
|
|
|
May 9 |
|
|
|
|
|
|
May 10 |
|
|
|
|
|
|
June 13 |
|
|
South Africa |
South Korea |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Taiwan |
December 16 |
January 31 |
January 1 |
November 4 |
November 5 |
December 24 |
December 31 |
December 27 |
February 1 |
January 6 |
November 18 |
December 24 |
December 31 |
January 22 |
March 21 |
February 2 |
April 15 |
December 24 |
December 31 |
|
January 31 |
April 15 |
March 1 |
April 18 |
|
|
|
February 1 |
April 18 |
March 9 |
August 15 |
|
|
|
February 2 |
South Africa |
South Korea |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Taiwan |
April 27 |
May 5 |
|
|
|
|
February 3 |
May 2 |
June 1 |
|
|
|
|
February 4 |
June 16 |
June 6 |
|
|
|
|
February 28 |
August 9 |
August 15 |
|
|
|
|
April 4 |
|
September 9 |
|
|
|
|
April 5 |
|
September 12 |
|
|
|
|
May 2 |
|
|
|
|
|
|
June 3 |
|
|
|
|
|
|
September 9 |
|
|
|
|
|
|
October 10 |
Thailand |
Turkey |
Ukraine |
United Kingdom |
Vietnam |
December 6 |
May 2 |
December 27 |
December 24 |
January 3 |
December 10 |
May 3 |
January 3 |
December 27 |
January 31 |
December 31 |
May 4 |
January 7 |
December 28 |
February 1 |
January 3 |
May 19 |
March 8 |
December 31 |
February 2 |
February 16 |
July 8 |
April 25 |
January 3 |
February 3 |
April 6 |
July 11 |
May 2 |
April 15 |
February 4 |
April 13 |
July 12 |
May 9 |
April 18 |
April 11 |
April 14 |
July 15 |
June 13 |
May 2 |
May 2 |
April 15 |
August 30 |
June 28 |
June 2 |
May 3 |
May 2 |
October 28 |
August 24 |
June 3 |
September 1 |
May 4 |
|
October 14 |
August 29 |
September 2 |
May 16 |
|
|
|
|
June 3 |
|
|
|
|
July 13 |
|
|
|
|
July 28 |
|
|
|
|
August 12 |
|
|
|
|
October 13 |
|
|
|
|
October 24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Item 28. |
Exhibits |
|
(a) |
|
Articles of Incorporation. |
|
(1) |
|
|
(2)(a) |
|
|
(2)(b) |
|
|
(2)(c) |
|
(b) |
|
|
(c) |
|
Instruments Defining Rights of Security Holder. None other than in the Second Amended and Restated
Agreement and Declaration of Trust and By-Laws of the Registrant. |
(d) |
|
Investment Advisory Contracts. |
|
(1)(a) |
|
|
(1)(b) |
|
(e) |
|
Underwriting Contracts. |
|
(1)(a) |
|
|
(1)(b) |
|
|
(1)(c) |
|
|
(1)(d) |
|
|
(1)(e) |
|
|
(1)(f) |
|
|
(1)(g) |
|
|
(1)(h) |
|
|
(3) |
|
|
(4)(a) |
|
|
(4)(b) |
|
|
(4)(c) |
|
(f) |
|
Bonus or Profit Sharing Contracts. None. |
(g) |
|
Custodian Agreements. |
|
(1)(a) |
|
|
(1)(b) |
|
|
(1)(c) |
|
|
(1)(d) |
|
|
(1)(e) |
|
|
(1)(f) |
|
|
(1)(g) |
|
|
(1)(h) |
|
|
(1)(i) |
|
|
(1)(j) |
Amendment and Joinder to the Master Global Custodial Services Agreement, dated December 2, 2020. |
|
(1)(k) |
|
|
(1)(l) |
|
(h) |
|
Other Material Contracts. |
|
(1) |
|
|
(2)(a) |
|
|
(2)(b) |
|
(2)(c) |
|
|
(2)(d) |
|
|
(2)(e) |
|
|
(2)(f) |
|
|
(2)(g) |
|
|
(2)(h) |
|
|
(2)(i) |
|
|
(2)(j) |
|
|
(2)(k) |
|
|
(3)(a) |
|
|
(3)(b) |
|
|
(3)(c) |
Amendment dated February 22, 2021 to the Transfer Agency Agreement. (filed herewith) |
|
(3)(d) |
Amendment dated August 24, 2021 to the Transfer Agency Agreement. (filed herewith) |
|
(3)(e) |
|
|
(4)(a) |
|
|
(4)(b) |
|
|
(4)(c) |
|
|
(4)(d) |
|
|
(5)(a) |
|
|
(5)(b) |
|
|
(5)(c) |
|
|
(5)(d) |
|
|
(5)(e) |
|
|
(5)(f) |
|
|
(5)(g) |
|
|
(5)(h) |
|
|
(5)(i) |
|
|
(6)(a) |
|
|
(6)(b) |
|
|
(7)(a) |
|
|
(7)(b) |
|
(i)(l) |
|
|
(i)(2) |
|
|
(i)(3) |
|
(i)(4) |
|
|
(i)(5) |
|
|
(i)(6) |
|
|
(i)(7) |
|
|
(i)(8) |
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(j)(1) |
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Consent of Sidley Austin LLP. (filed herewith) |
(j)(2) |
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Consent of Cohen and Co., Ltd. (filed herewith) |
(k) |
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Omitted Financial Statements. None. |
(l) |
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(m) |
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Rule 12b-1 Plans. |
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(1)(a) |
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(1)(b) |
Amended Exhibit A current as of December 2, 2020. (filed herewith) |
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(2)(a) |
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(2)(b) |
Amended Exhibit A current as of December 2, 2020. (filed herewith) |
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(3)(a) |
|
(n) |
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Rule 18f-3 Plan |
|
(1)(a) |
|
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(1)(b) |
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(o) |
|
Reserved. |
(p) |
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Codes of Ethics. |
|
(1) |
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(2) |
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(3) |
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David C. Brown |
Director, Chairman and Chief Executive Officer of Adviser and VCH |
Kelly S. Cliff |
President, Investment Franchises of Adviser and VCH, Director of Adviser |
Michael D. Policarpo, II |
President, Chief Financial Officer and Chief Administrative Officer of
Adviser and VCH, Director of Adviser |
Nina Gupta |
Chief Legal Officer and Secretary of Adviser and VCH, Director of
Adviser |
Name |
Positions and Offices with Underwriter |
Positions and Offices with Registrant |
David C. Brown |
Director |
Trustee |
Michael D. Policarpo, II |
Director |
None |
Peter Scharich |
Director, Chief Compliance
Officer and AML Officer |
None |
Nina Gupta |
Director, Chief Legal Officer
and Secretary |
None |
Donald Inks |
Principal Operations Officer
and President |
None |
Christopher Dyer |
Chief Operations Officer |
President |
Christopher Ponte |
Chief Financial Officer |
Assistant Treasurer |
Name |
Position and Offices with Underwriter |
Positions and Offices with Registrant |
Richard J. Berthy |
President, Treasurer and
Manager |
None |
Mark A. Fairbanks |
Vice President |
None |
Jennifer K. DiValerio |
Vice President |
None |
Nanette K. Chern |
Vice President and Chief
Compliance Officer |
None |
Jennifer E. Hoopes |
Secretary |
None |
/s/ Christopher K. Dyer
Christopher K. Dyer |
President (Principal Executive Officer) |
/s/ Allan Shaer
Allan Shaer |
Treasurer (Principal Accounting Officer and Principal Financial Officer) |
*
Leigh A. Wilson |
Chairman of the Board and Trustee |
*
David Brooks Adcock |
Trustee |
*
Nigel D.T. Andrews |
Trustee |
*
E. Lee Beard |
Trustee |
*
David C. Brown |
Trustee |
*
Dennis M. Bushe |
Trustee |
*
John L. Kelly |
Trustee |
*
David L. Meyer |
Trustee |
*
Gloria S. Nelund |
Trustee |
*By: /s/ Jay G. Baris
Jay G. Baris
Attorney-in-Fact |
|