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MDCP ETF — Holdings & Analysis

The adviser pursues the fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-cap companies. 0.68% expense ratio, $1M AUM, 31 holdings, inception 2021.

VictoryShares THB Mid Cap ETF (MDCP) ETF — Price, Holdings & Analysis

The adviser pursues the fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-cap companies. 0.68% expense ratio, $1M AUM, 31 holdings, inception 2021.

ETF Overview

The adviser pursues the fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-cap companies. The adviser considers “mid-cap companies” to be companies with market capitalizations that, at the time of initial purchase, are within the capitalization range of companies comprising the Russell Mid Cap Index. Generally, the adviser expects the fund will hold approximately 30 securities. The equity securities in which the fund invests are primarily common stocks. In addition, the fund may invest in foreign securities, including ADRs and GDRs.
The adviser pursues the fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-cap companies. The adviser considers “mid-cap companies” to be companies with market capitalizations that, at the time of initial purchase, are within the capitalization range of companies comprising the Russell Mid Cap Index. Generally, the adviser expects the fund will hold approximately 30 securities. VictoryShares THB Mid Cap ETF provides exposure to the us equity market. The portfolio is moderately concentrated with 31 holdings. Sector allocation is spread across 8 sectors, with Industrials as the largest at 38.0%.

Risk Metrics

The 0.68% expense ratio is above average and will reduce net returns over time. With $1M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

0.68%

Top Holdings

Sector Allocation

  • Industrials: 38.0%
  • Financial Services: 13.1%
  • Consumer Cyclical: 10.7%
  • Basic Materials: 10.4%
  • Technology: 10.0%
  • Healthcare: 8.7%
  • Cash & Others: 5.2%
  • Consumer Defensive: 4.0%
  • Other: 5.2%
  • United States: 94.8%

Dividend Yield

0.28%
  • <a href="/etf/dfsv">Dimensional - US Small Cap Value ETF (DFSV)</a> — 0.30% expense ratio
  • <a href="/etf/lcds">JPMorgan Fundamental Data Science Large Core ETF (LCDS)</a> — 0.30% expense ratio
  • <a href="/etf/vsda">VictoryShares Dividend Accelerator ETF (VSDA)</a> — 0.40% expense ratio
  • <a href="/etf/eqin">Columbia U.S. Equity Income ETF (EQIN)</a> — 0.35% expense ratio
  • <a href="/etf/dtd">WisdomTree U.S. Total Dividend Fund (DTD)</a> — 0.28% expense ratio
  • <a href="/etf/dhs">WisdomTree U.S. High Dividend Fund (DHS)</a> — 0.38% expense ratio
  • <a href="/etf/dflv">Dimensional - US Large Cap Value ETF (DFLV)</a> — 0.21% expense ratio
  • <a href="/etf/aivl">WisdomTree U.S. AI Enhanced Value Fund (AIVL)</a> — 0.38% expense ratio
  • <a href="/etf/vsda">VictoryShares Dividend Accelerator ETF (VSDA)</a> (US Equity) — 0.40% ER
  • <a href="/etf/bmdl">VictoryShares WestEnd Economic Cycle Bond ETF (BMDL)</a> (Fixed Income) — 0.56% ER
  • <a href="/etf/cil">VictoryShares International Volatility Wtd ETF (CIL)</a> (Global Equity) — 0.60% ER
  • <a href="/etf/glow">VictoryShares WestEnd Global Equity ETF (GLOW)</a> (Global Equity) — 1.89% ER

Risk Metrics

  • Beta: 1.04

Questions & Answers

What is VictoryShares THB Mid Cap ETF (MDCP)?

The adviser pursues the fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-cap companies. The adviser considers “mid-cap companies” to be companies with market capitalizations It holds 31 securities. With $1M in assets under management, it is a funds in its category.

What is the expense ratio for MDCP?

VictoryShares THB Mid Cap ETF has an expense ratio of 0.68%, which is considered higher than average for us equity ETFs. This means for every $10,000 invested, annual fees would be approximately $68. Lower expense ratios generally lead to better long-term returns, all else being equal.

What are the top holdings in MDCP?

The three largest positions in VictoryShares THB Mid Cap ETF are Brown & Brown Inc (BRO, 5.1%), Houlihan Lokey Inc Class A (HLI, 4.4%), Teledyne Technologies Inc (TDY, 4.3%). Together these top three holdings represent 13.8% of the fund, out of 31 total positions. The fund is relatively diversified across its holdings.

What sectors does MDCP invest in?

VictoryShares THB Mid Cap ETF allocates across 8 sectors. The largest sector exposures are Industrials (38.0%), Financial Services (13.1%), Consumer Cyclical (10.7%). The sector allocation provides broad market exposure across multiple industries.

How long has MDCP been around?

VictoryShares THB Mid Cap ETF was launched in 2021, making it 5 years old. It has several years of operating history for investors to evaluate. It is managed by Victory Capital.