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USAA MSCI USA Value Momentum Blend Index ETF (ULVM)

Market Price

$53.01  | 
 $0.51 / 0.97%

As of market close 07/26/2018

Explain Market PriceMarket PriceThe market price used to calculate the Market Value return is the price of the last trade on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. The Net Change in price, is the difference between the closing prices of the current and previous business days.

NAV¹

$52.96  | 
 $0.22 / 0.42%

As of market close 07/26/2018

Explain NAVNet Asset Value (NAV)The Net Asset Value (NAV) of an ETF is usually calculated at the end of each trading day by adding the value of all securities held in the ETF plus cash and cash equivalents, subtracting all liabilities and then dividing by the number of shares outstanding. The Net Change in net asset value, is the difference between the NAVs of the current and previous business days.
More Risk Less Risk

Moderately Aggressive

SummaryPerformanceHoldingsDistributions

Summary

Why ULVM?

  • Provides exposure to value and momentum factors.
  • Strives to balance risk across the portfolio by equalizing the volatility contribution of each security.

Investment Objective & Investment Strategy Overview

Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. The Index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers that have higher exposure to value and momentum factors while also maintaining moderate turnover and lower realized volatility than traditional capitalization weighted indexes.

As of September 1, 2017, the market capitalization of the issuers in the Index ranged from $3.4 billion to $834 billion. The range may change from time to time. The Index ranks each stock based on its value and momentum scores, relative to their sector classification, and creates a composite score for each stock by equally weighting the stock's value and momentum score. The Index then selects the top 25% and weighs them such that securities with lower realized volatility are given higher Index weights. The Index will rebalance quarterly.

Top Holdings (07/26/2018)

An exchange-traded fund (ETF) is a diversified collection of securities. ETFs seek to track an index, commodity, bonds or a basket of assets, and the prices change throughout the day as they're bought and sold on an exchange like a stock. The top holdings are determined by their percentage value within the portfolio.

More Holdings Data

Issuer Weight (%)
ALLSTATE CORP 0.98%
ENTERGY CORP 0.97%
INTUITIVE SURGICAL INC 0.96%
PROGRESSIVE CORP 0.96%
BAXTER INTERNATIONAL INC 0.94%
PUBLIC SERVICE ENTERPRISE GP 0.90%
UNITEDHEALTH GROUP INC 0.89%
LABORATORY CRP OF AMER HLDGS 0.87%
ANSYS INC 0.86%
REINSURANCE GROUP OF AMERICA 0.85%

The top holdings illustrate examples of the securities in which the fund may invest, and may not be representative of the fund's current or future investments. For equity funds, the top holdings do not include money market investments. The specific securities identified are not representative of all of the securities purchased, sold or recommended, and it should not be assumed that an investment in the securities identified was or will be profitable. Portfolio holdings and weightings are as of market open on the date indicated above and are subject to change.

Consider the investment objectives, risks, charges and expenses and other information of the USAA ETFs, available in each ETF’s prospectus, carefully before investing. Download a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing. The information provided does not constitute a recommendation of any investment strategy or product for a particular investor and should not be considered advice given in a fiduciary capacity, including within the meaning of ERISA. Investors should consult a financial advisor/financial consultant before making any investment decisions.

The performance data quoted represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.