ETF Evaluator:
VictoryShares US Value Momentum ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
Index
Risk
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ETF Details
VictoryShares US Value Momentum ETF Overview
VictoryShares US Value Momentum ETF (ULVM) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Nasdaq Victory U.S. Value Momentum Index.
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers within the Nasdaq U.S. Large Cap 500 Index (the “parent index”) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.
About VictoryShares US Value Momentum ETF (ULVM)
There are 3 members of the management team with an average tenure of 5.90 years: Mannik Dhillon (2019), Lance Humphrey (2017) and Lela Dunlap (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and NASDAQ US 500 Large Cap TR USD index with a weighting of 100%. VictoryShares US Value Momentum ETF has 126 securities in its portfolio. The top 10 holdings constitute 14.6% 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 US Value Momentum ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares US Value Momentum ETF has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.4% There is 2.6% 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 US Value Momentum ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $266 million in total assets, which is below the $5 billion average for the Large Value 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.
ULVM 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 US Value Momentum ETF expense ratio is below average compared to funds in the Large Value category. VictoryShares US Value Momentum ETF has an expense ratio of 0.20%, which is 46% lower than its category average, making the fund expense ratio grade a B. 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 US Value Momentum ETF has a portfolio turnover rate of 95%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, VictoryShares US Value Momentum ETF returned 2.4%, which earned it a grade of C, as the Large Value category had an average return of 2.4%. 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 US Value Momentum ETF has a trailing yield of 1.62%, which is below the 1.70% 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 US Value Momentum ETF Grades
Year to date, the ETF has returned 20.0%, 5.6 percentage points better than the category, which translates into a grade of A. The fund has returned 29.7% over the past year (grade of B), 20.5% over the past three years (grade of A) and 12.5% per year over the past five years (grade of B).
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ULVM 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 |
|
| ULVM Return (NAV) | 2.4% | 7.1% | 29.7% | 20.5% | 12.5% | na |
| ULVM Return (Price) | 2.5% | 8.9% | 29.0% | 20.5% | 12.6% | na |
| NAV +/- Price Return | -0.066% | -1.743% | 0.690% | -0.063% | -0.020% | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| ULVM Grade (NAV) | C | B | B | A | B | na |
| +/- Category (NAV) | 0.1% | 1.2% | 5.6% | 4.2% | 1.2% | na |
| ULVM Tax-Cost Ratio | na | na | 0.6% | 0.7% | 0.7% | na |
ULVM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ULVM Return (NAV) | 20.0% | 15.8% | 19.7% | 10.1% | -8.9% | 30.9% | 4.1% | 21.7% | -12.1% | na | na |
| ULVM Return (Price) | 19.0% | 16.8% | 19.8% | 10.2% | -9.0% | 31.1% | 3.5% | 22.1% | -12.1% | na | na |
| NAV +/- Price Ret | -0.049% | 0.066% | 0.003% | 0.003% | 0.014% | 0.004% | -0.131% | 1.7% | -0.3% | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| ULVM Grade (NAV) | A | C | A | D | D | A | C | F | F | na | na |
| +/- Category | 5.6% | 0.9% | 4.2% | -2.9% | -2.4% | 4.3% | -1.3% | -5.6% | -5.5% | na | na |
| Risk Measures | |
| Beta: | 0.82 |
| R-Squared: | 65% |
| Standard Deviation: | 13.3% |
| Category Risk Index: | 1.09 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.08 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 266 Mil |
| Share Class Assets: | $ 266 Mil |
| Turnover: | 95.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | Russell 1000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.8 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Humphrey Lance (2017), Dhillon Mannik (2019), Dunlap Lela (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 126 |
| % in Top 10 Holdings: | 14.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | 97.4% |
| Foreign Stock: | 2.6% |
| 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 24, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
