ETF Evaluator:
VictoryShares WestEnd U.S. Sector ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
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ETF Details
VictoryShares WestEnd U.S. Sector ETF Overview
VictoryShares WestEnd U.S. Sector ETF (MODL) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2022.
The investment seeks to provide long-term capital appreciation.
The fund, under normal circumstances, invests at least 80% of its total assets in U.S. equity securities of companies that are classified in one or more of the following sectors published by The GICS®: (1) Communication Services; (2) Consumer Discretionary; (3) Consumer Staples; (4) Energy; (5) Financials; (6) Health Care; (7) Industrials; (8) Information Technology; (9) Materials; (10) Real Estate; and (11) Utilities.
About VictoryShares WestEnd U.S. Sector ETF (MODL)
There are 4 members of the management team with an average tenure of 3.49 years: Edmund Durden (2022), Frederick Porter (2022), Marion (Ty) Peebles (2022) and Jacob Buchanan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. VictoryShares WestEnd U.S. Sector ETF has 363 securities in its portfolio. The top 10 holdings constitute 34.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VictoryShares WestEnd U.S. Sector ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares WestEnd U.S. Sector ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VictoryShares WestEnd U.S. Sector ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MODL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VictoryShares WestEnd U.S. Sector ETF expense ratio is average compared to funds in the Large Blend category. VictoryShares WestEnd U.S. Sector ETF has an expense ratio of 0.46%, which is 11% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VictoryShares WestEnd U.S. Sector ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, VictoryShares WestEnd U.S. Sector ETF returned 0.2%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VictoryShares WestEnd U.S. Sector ETF has a trailing yield of 0.70%, which is below the 1.16% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VictoryShares WestEnd U.S. Sector ETF Grades
Year to date, the ETF has returned 7.9%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.4% over the past year (grade of D) and 18.1% over the past three years (grade of C).
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MODL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MODL Return (NAV) | 0.2% | 4.4% | 17.4% | 18.1% | na | na |
| MODL Return (Price) | 0.2% | 4.4% | 17.4% | 18.1% | na | na |
| NAV +/- Price Return | -0.059% | -0.019% | -0.015% | 0.002% | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| MODL Grade (NAV) | B | C | D | C | na | na |
| +/- Category (NAV) | 1.0% | 0.6% | -0.2% | 0.7% | na | na |
| MODL Tax-Cost Ratio | na | na | 0.3% | 0.3% | na | na |
MODL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MODL Return (NAV) | 7.9% | 18.9% | 24.7% | 23.7% | na | na | na | na | na | na | na |
| MODL Return (Price) | 7.9% | 19.0% | 24.7% | 23.7% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.001% | 0.002% | 0.003% | 0.000% | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| MODL Grade (NAV) | D | A | B | C | na | na | na | na | na | na | na |
| +/- Category | -1.6% | 3.6% | 2.8% | 0.9% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.95 |
| R-Squared: | 98% |
| Standard Deviation: | 12.5% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.02 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 1,033 Mil |
| Share Class Assets: | $ 1,033 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.46% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Durden Edmund (2022), Porter Frederick (2022), Peebles Marion (Ty) (2022), Buchanan Jacob (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 363 |
| % in Top 10 Holdings: | 34.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.4% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 866-376-7890 |
| Website: | www.CompassEMPFunds.com |
| Inception Date: | October 11, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.46% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
