SAN ANTONIO--(BUSINESS WIRE)--Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that it has launched the VictoryShares Nasdaq Next 50 ETF (QQQN), which begins trading on the Nasdaq Stock Market® today. QQQN offers exposure to the 50 stocks that are next in line for inclusion in the widely popular Nasdaq-100 Index® (NDX) and seeks to provide investment results that track the performance of the Nasdaq Q-50 Index® (NXTQ) before fees and expenses.
“We wanted to democratize access to an index of disruptive and innovative companies, helping to capture their potential early, well before they may grow to be tomorrow’s mega cap leaders,” said Mannik Dhillon, CFA, CAIA, President, VictoryShares and Solutions. “Our goal is to provide investors with cost-effective exposure to the next generation of innovators with the potential to graduate to the Nasdaq-100 Index.”
“Nasdaq is committed to creating powerful index strategies and methodologies that help investors access financial markets. This includes leveraging Nasdaq’s history of having the most innovative global companies listed on our exchange,” said Cameron Lilja, Vice President, and Head of Global Index Products at Nasdaq. “Our work with Victory Capital is essential in bringing groundbreaking ETF strategies to market through the VictoryShares platform.”
The Nasdaq Q-50 Index tracks the performance of the 50 securities that are next eligible for inclusion into the Nasdaq-100 Index. The Index includes the 50 largest, non-financial names ranked by market cap, that are not currently included in the Nasdaq-100 Index. The Nasdaq Q-50 Index has been live and proven for more than 10 years. Its methodology aligns with the innovation and growth focus behind the time-tested Nasdaq-100 Index, but with an emphasis on forward-thinking companies on the vanguard of market leadership and technological advancement.
Victory Capital entered the ETF business in 2015 and has grown its VictoryShares platform to 21 ETFs and approximately $4.7 billion in assets under management in just over five years as of August 31, 2020. In addition to its risk-weighted strategies, VictoryShares leverages the active insights of Victory Capital’s Investment Franchises to offer innovative dividend growth and multi-factor strategies, as well as thematic and active fixed income ETFs. Visit www.victoryshares.com for more information or contact our sales desk at 1.800.991.8191.
About Victory Capital
Victory Capital is a diversified global asset management firm with $132.5 billion in assets under management as of July 31, 2020*. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With nine autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, rules-based and active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.
*Reflects AUM on a discretionary and non-discretionary basis.
Carefully consider the Funds’ investment objectives, risks, charges and expenses before investing. This and other important information about the Funds can be found in each Fund’s prospectus or, if available, the summary prospectus. To obtain a copy, please visit www.victorysharesliterature.com or call 800.991.8191. Read it carefully before investing.
VictoryShares ETFs are distributed by Foreside Fund Services, LLC, member FINRA. Victory Capital Management Inc. is the adviser to the VictoryShares ETFs. Victory Capital is not affiliated with Foreside Fund Services, LLC.
Investments involve risk including possible loss of principal. ETFs have the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. ETFs may invest in securities included in, or representative of securities included in, the index, regardless of their investment merits.