VictoryShares Dividend Accelerator ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
2.4x
P/BV
ratio
5.7x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares Dividend Accelerator ETF tracks an index of dividend-paying US large- and midcap stocks with a high likelihood of future dividend growth.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.vcm.com
Inception date Apr 18, 2017
Assets (mns) $203
Currency USD
Expense ratio 35 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $76,715
Large cap (>$10bn) 79.0%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PAYCHEX INC 3.4 %
MCDONALD'S CORP 3.2 %
MORNINGSTAR INC 3.2 %
CHEMED CORP 2.7 %
INTUIT INC 2.5 %
TARGET CORP 2.5 %
COLGATE-PALMOLIVE CO 2.4 %
WALT DISNEY CO/THE 2.3 %
FACTSET RESEARCH SYSTEMS INC 2.2 %
HOME DEPOT INC 2.1 %
Total 26.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% 23.4% -- -- 16.3%

Market Correlations
versus... Beta R-squared
S&P500 0.84 85%
MSCI EAFE 0.75 54%
MSCI Emg. Mkts. 0.47 37%

Technical Indicators
Recent close $36.87
30d moving avg. $36.27
Annualized volatility 12.1%
Short interest (ETF) 0.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $21,239

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VictoryShares Dividend Accelerator ETF ETF based on the alternatives' overlap in portfolio holdings with VSDA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VSDA Expense: 35 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VSDA
Ticker Fund
Name
Overlap1
vs VSDA
(%)
Expense
ratio
(bp)
Savings
vs VSDA
(bp)
ALTAR
Score™
(%)
ALTAR
vs VSDA
(%)
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income 37.2 75 -40 5.3 +0.7
NOBL ProShares S&P500 Aristocrats 37.1 35 0 5.7 +1.1
TMDV ProShares Russell US Dividend Growers 34.9 35 0 4.9 +0.2
VIG Vanguard Dividend Appreciation 34.5 6 29 5.2 +0.5
SDY SPDR S&P Dividend ETF 34.0 35 0 6.4 +1.8
GARD Reality Shares DIVCON Dividend Guard 29.7 129 -94 3.9 -0.8
LEAD Reality Shares DIVCON Leaders Dividend 29.7 43 -8 4.7 +0.1
PFM Invesco Dividend Achievers 29.5 54 -19 5.2 +0.5
FLQL Franklin LibertyQ U.S. Equity 28.3 15 20 6.5 +1.9
KLCD KFA Large Cap Quality Dividend Index 27.4 41 -6 5.0 +0.3
JQUA JPMorgan U.S. Quality Factor 26.4 12 23 5.6 +0.9
QUAL iShares Edge MSCI USA Quality Factor 26.3 15 20 5.6 +0.9
DFND Reality Shares DIVCON Dividend Defender 26.2 121 -86 4.0 -0.7
PSET Principal Price Setters 25.8 29 6 5.3 +0.7
OQAL Invesco Russell 1000 Quality Factor ETF 25.6 19 16 6.0 +1.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 25.6 29 6 8.7 +4.1
QARP Xtrackers Russell 1000 US QARP 24.8 19 16 6.3 +1.6
FLLV Franklin Liberty U.S. Low Volatility 24.7 29 6 5.0 +0.3
FDLO Fidelity Low Volatility Factor 24.2 29 6 5.0 +0.3
LGLV SPDR Russell 1000 Low Volatility 24.2 12 23 4.9 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VictoryShares Dividend Accelerator ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.9 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.