CLEVELAND--(BUSINESS WIRE)--Victory Capital today announced that it has launched the VictoryShares Dividend Accelerator ETF (VSDA), which began trading on the Nasdaq Stock Market® on April 18, 2017. The new ETF seeks to provide investment results that track the performance of the Nasdaq Victory Dividend Accelerator Index (NQVDIV), which Victory Capital developed in partnership with Nasdaq.
The Index uses fundamental criteria, including proven earnings stability, to select companies with the highest likelihood of consistently growing dividends year over year. It seeks to identify those companies early in their lifecycles and assemble them in a rules-based portfolio that emphasizes growing dividends per share.
“Today’s investors are looking for innovative and differentiated ways to capture income,” said Mannik Dhillon, President, VictoryShares and Solutions. “We are pleased to work with Nasdaq to develop a strategy that we believe offers investors the opportunity to grow dividend income over time.”
The VictoryShares ETF platform is designed to provide investors with rules-based solutions that bridge the gap between the active and traditional passive elements of their portfolios. The expanded product line builds upon the success of the VictoryShares volatility-weighted ETFs, which have grown to more than $1.2 billion in AUM as of March 31, 2017.
Victory Capital announced earlier this year that it plans to launch a series of new ETFs that tracks indexes developed with Nasdaq. The expanded platform will seek to offer strategic beta strategies designed to provide a variety of outcomes, including maximum diversification, dividend income, downside protection, minimum volatility and targeted factor exposure. “We start by identifying a desired client outcome, such as income growth or bear market mitigation, and build intuitive, index-based solutions to address those objectives,” said Dhillon.
“Nasdaq is committed to creating powerful strategies and methodologies for key investment growth areas including potentially enhancing dividend income,” said Dave Gedeon, Vice President and Head of Research & Development at Nasdaq Global Indexes. “We are excited to work with VictoryShares to provide a world-class index for the benchmark in this important market segment that is designed to help generate an outcome of consistent and growing dividends per share on an index level.”
Visit www.victoryshares.com for more information.
ABOUT VICTORY CAPITAL
Victory Capital is an integrated multi-boutique asset management firm, headquartered in Cleveland, Ohio. As of March 31, 2017, the firm had approximately $56.6 billion in assets under management and advisement.
Victory Capital is comprised of 11 autonomous investment franchises, each with an independent culture and investment approach. The franchises are supported by a robust distribution and operational platform, allowing them to focus solely on investment management.
Victory Capital provides investment advisory services to institutional clients including corporations, nonprofits, public funds, Taft-Hartley and sub-advisory clients through separate accounts and commingled funds. Through its intermediary channel, Victory Capital also offers retail and retirement clients mutual funds and ETFs as well as separately managed accounts through wrap fee programs and access to its investment models through unified managed accounts. For more information, please visit www.vcm.com.
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit www.victorysharesliterature.com or call 1.866.376.7890. Read the prospectus carefully before investing.
Investing involves risk, including the potential loss of principal. The fund has the same risks as the underlying securities traded on the exchange throughout the day. There is no guarantee that dividends will be paid. The value of the equity securities in which the fund invests may decline in response to developments affecting individual companies and/or general economic conditions. You may lose money by investing in the fund. There is no guaranteed that the fund will achieve its objective. Indexes are unmanaged and investors cannot invest in an index.
Strategic beta—often called “smart beta”—refers to a growing group of indexes and the investment products that track them. The majority of these indexes aim to enhance returns or minimize risk relative to a traditional market capitalization-weighted benchmark.
Earnings stability measures the variability or consistency of a company’s net income. It is the predictability of an earnings pattern as measured over a 10-year period using net income and standard deviation.
VictoryShares ETFs are distributed by Foreside Fund Services, LLC., member FINRA and SIPC. Victory Capital Management Inc., not an affiliate of Foreside Fund Services, LLC., is the investment advisor to the funds.