VictoryShares International Value Momentum ETF (UIVM) Fund Overview

VictoryShares International Value Momentum ETF (UIVM) Financial Services Profile

VictoryShares International Value Momentum ETF (UIVM) offers investors exposure to developed international equity markets, strategically over-weighting stocks demonstrating robust value and momentum characteristics. This rules-based approach aims for diversified factor exposure, moderate turnover, and reduced volatility, distinguishing its strategy within the global asset management landscape.

What Is the Investment Thesis for UIVM?

The VictoryShares International Value Momentum ETF (UIVM), with a market capitalization of $0.34 billion and a Beta of 0.90, offers a rules-based approach to international equity exposure, focusing on value and momentum factors. This strategy provides diversified access to developed markets outside the U.S., aiming to capitalize on academically recognized factor premiums. A key value driver is its systematic methodology, which seeks to consistently identify and overweight stocks exhibiting these characteristics, potentially leading to outperformance over market-cap weighted indices in certain market cycles. The fund's commitment to moderate portfolio turnover and lower realized volatility also acts as a value proposition, appealing to investors seeking efficiency and risk management. Growth catalysts include increasing investor adoption of factor-based strategies and continued demand for diversified international exposure. However, potential risks include periods of underperformance if value and momentum factors are out of favor, tracking error relative to its index, and the impact of its expense ratio on net returns. Investors should assess UIVM's long-term performance against its stated objectives and its underlying holdings' behavior.

Based on FMP financials and quantitative analysis

UIVM Key Highlights

Market Capitalization of $0.34 billion, indicating a mid-sized ETF within the global asset management landscape.

• Beta of 0.90, suggesting slightly lower volatility compared to the broader market, aligning with its objective for lower realized volatility.
• Allocates a minimum of 80% of assets to underlying index components, ensuring strong adherence to its stated strategy.
• Targets developed international equity markets outside the U.S., providing specific geographic and economic exposure.
• Employs a dual-factor strategy, over-weighting stocks with strong value and momentum characteristics for potential enhanced returns.

Who Are UIVM's Competitors?

UIVM is benchmarked below against 3 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are UIVM's Key Strengths?

Rules-based, systematic approach to factor investing (value and momentum) offers consistent exposure.

• Diversified exposure to developed international markets outside the U.S. reduces single-country risk.
• Explicit objective to achieve lower realized volatility compared to market-cap weighted benchmarks.
• Focus on moderate portfolio turnover can lead to cost efficiencies and potentially better tax outcomes.

What Are UIVM's Weaknesses?

Potential for periods of underperformance if value and momentum factors are out of favor in the market.

• Subject to tracking error, where the ETF's performance may deviate from its underlying index.
• Performance is tied to the specific methodology of its underlying index, which may not always capture optimal returns.
• International exposure carries currency risk and geopolitical risks specific to non-U.S. developed markets.

What Are the Key Risks for UIVM?

Prolonged periods where value and momentum factors underperform the broader market, leading to UIVM's underperformance relative to market-cap weighted indices.

• Tracking error risk, where the ETF's performance may not perfectly align with its underlying index due to various factors like fees, expenses, and rebalancing costs.
• Fluctuations in foreign currency exchange rates, which can impact the U.S. dollar value of international investments.
• Geopolitical instability or adverse economic conditions in developed international markets, negatively affecting the performance of the fund's holdings.
• High competition within the international equity ETF space, potentially limiting asset growth or necessitating fee reductions.

What Threats Does UIVM Face?

• Intense competition from other international equity ETFs, including both broad market and factor-specific funds.
• Adverse market conditions where value and momentum factors experience prolonged underperformance.
• Changes in global economic conditions or geopolitical events impacting developed international markets.
• Regulatory changes affecting ETFs or international investment strategies.

What Are UIVM's Competitive Advantages?

• **Rules-Based Factor Methodology:** The systematic and transparent approach to selecting stocks based on value and momentum factors provides a clear, repeatable investment process that is less susceptible to human bias.
• **Diversified International Exposure:** Offers broad exposure to developed markets outside the U.S., providing a single vehicle for global diversification and access to specific geographic segments.
• **Lower Volatility Objective:** Its stated aim to deliver lower realized volatility compared to traditional benchmarks can attract risk-averse investors and differentiate it in the market.
• **Moderate Portfolio Turnover:** The emphasis on moderate turnover can lead to lower trading costs and potentially improved tax efficiency for long-term investors, enhancing net returns.
• **Leveraging MSCI Index Universe:** Utilizing the well-established MSCI World ex USA Index as its universe provides a robust and recognized foundation for stock selection.

What Does UIVM Do?

The VictoryShares International Value Momentum ETF (UIVM) is an exchange-traded fund designed to provide investors with exposure to equity markets in developed nations situated outside the United States. Its core strategy involves allocating a minimum of 80% of its assets, either directly or through depositary receipts, to the components of its underlying index. This index is meticulously constructed to identify and overweight stocks that exhibit strong value and momentum characteristics, drawing its universe from the broader MSCI World ex USA Index. The fund's investment approach is rooted in a systematic, rules-based methodology, which aims to capture the performance of these specific investment factors consistently. Beyond its factor-based selection, UIVM also prioritizes operational efficiency and risk management within its portfolio construction. A key objective is to maintain relatively moderate portfolio turnover, which can contribute to cost efficiency and reduced trading impact. Furthermore, the ETF seeks to deliver lower realized volatility when compared to traditional market capitalization-weighted benchmarks, appealing to investors looking for potentially smoother returns from their international equity allocation. As an ETF, UIVM provides diversified exposure across multiple international markets, offering a single investment vehicle for a multi-factor, international equity strategy. Its headquarters are located in San Antonio, US, operating within the broader financial services sector, specifically in global asset management.

What Products and Services Does UIVM Offer?

• Invests a minimum of 80% of its assets in components of an underlying index, directly or via depositary receipts.
• Tracks an index designed to capture equity market performance in developed nations outside the U.S.
• Strategically overweights stocks that demonstrate strong value characteristics.
• Strategically overweights stocks that exhibit strong momentum characteristics.
• Draws its stock universe from the MSCI World ex USA Index.
• Aims to maintain relatively moderate portfolio turnover.
• Seeks to deliver lower realized volatility compared to traditional market capitalization-weighted benchmarks.
• Provides diversified exposure to international equity markets through a single ETF.

How Does UIVM Make Money?

• Operates as an Exchange Traded Fund (ETF), providing a pooled investment vehicle for investors.
• Generates returns by tracking the performance of a specific, rules-based index focused on international value and momentum.
• Offers exposure to a diversified portfolio of developed market equities outside the U.S.
• Manages assets under a systematic investment strategy that emphasizes factor-based stock selection.
• Provides a liquid and transparent investment option for accessing specific market segments and investment styles.

What Industry Does UIVM Operate In?

The VictoryShares International Value Momentum ETF (UIVM) operates within the highly competitive global asset management industry, specifically targeting the burgeoning market for exchange-traded funds (ETFs) and factor-based investing. The asset management sector is characterized by a continuous shift towards passive and rules-based investment vehicles, with ETFs gaining significant traction due to their transparency, liquidity, and often lower expense ratios compared to traditional mutual funds. UIVM positions itself within the segment of 'smart beta' or factor-based ETFs, which aim to deliver returns beyond market capitalization-weighted indices by systematically selecting stocks based on factors like value and momentum. This sub-segment has seen substantial growth as investors seek more sophisticated, yet systematic, approaches to portfolio construction. The competitive landscape includes numerous providers offering international equity ETFs, both broad market and factor-specific, necessitating UIVM to consistently demonstrate its strategy's efficacy and cost-effectiveness to attract and retain assets.

Who Are UIVM's Key Customers?

• Institutional investors seeking diversified international equity exposure with a factor tilt.
• Financial advisors and wealth managers constructing multi-asset portfolios for their clients.
• Retail investors looking for systematic, rules-based access to developed international markets.
• Investors interested in strategies that prioritize lower volatility and moderate portfolio turnover.
• Individuals and entities aiming to incorporate value and momentum factors into their global asset allocation.

UIVM Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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