Victory Capital Expands VictoryShares® Offerings with Two New Active ETFs
June 21 2024 - 8:30AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that its wholly owned investment
adviser, Victory Capital Management Inc., has launched two new
active exchange-traded funds (ETFs), VictoryShares WestEnd
Global Equity ETF (GLOW) and VictoryShares WestEnd Economic
Cycle Bond ETF (BMDL).
Both funds will employ the active, macroeconomically driven
investment approach that WestEnd Advisors, LLC (“WestEnd”), a
Victory Capital Investment Franchise, has used to manage portfolios
for more than two decades. BMDL will layer in Victory Income
Investors’ active credit selection expertise for bottom-up security
selection.
The addition of GLOW and BMDL increases the VictoryShares ETF
product offering to 27 and highlights Victory Capital’s commitment
to developing innovative new products designed to serve as
portfolio solutions for financial advisors and end investors alike.
The Company’s ETF platform has grown to approximately $8 billion in
AUM as of May 31, 2024, and features a diverse suite of strategies,
including active equity and fixed income and systematic/rules-based
ETFs.
“We have listened to our clients’ needs for more vehicle options
from skilled managers and are thrilled to add these two active ETFs
to our VictoryShares lineup,” said Mannik Dhillon, CFA, CAIA,
President, Investment Franchises & Solutions. “GLOW provides
investors access to WestEnd’s existing Global Equity SMA/UMA
Strategy in an ETF wrapper, furthering our commitment to deliver
financial advisors more ways to access WestEnd’s proven investment
capabilities. BMDL delivers the investment expertise of two Victory
Capital Investment Franchises through a single ETF and expands our
Company’s already established presence in the active fixed income
ETF space.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with total client assets of $173.4 billion as of May 31, 2024. The
Company employs a next-generation business strategy that combines
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 11 autonomous Investment Franchises and a Solutions
Business, Victory Capital offers a wide array of investment
products and services, including mutual funds, ETFs, separately
managed accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, a 529
Education Savings Plan, and brokerage services.
Victory Capital is headquartered in San Antonio, Texas, with
offices and investment professionals in the U.S. and around the
world. To learn more please visit www.vcm.com or follow Victory
Capital on Facebook, Twitter, and LinkedIn.
Carefully consider a fund's investment objectives, risks,
charges and expenses before investing. To obtain a prospectus or
summary prospectus containing this and other important information,
visit www.victorysharesliterature.com . Read it
carefully before investing.
All investing involves risk, including the potential loss of
principal. ETFs have the same risks as the underlying
securities traded on the exchange throughout the day. ETFs may
trade at a premium or discount to their net asset value.
Redemptions are limited and commissions are often charged on each
trade.
VictoryShares WestEnd Global Equity ETF (GLOW) will reflect the
risks and incur the expenses of the underlying funds in which it
invests. The fund will mainly invest in other exchange traded funds
(ETFs), including index funds. The fund’s adviser may be subject to
conflicts of interest in allocating the fund's assets among
affiliated underlying funds or ETFs (affiliated funds),
unaffiliated underlying funds, or a combination of both. The
adviser may have an incentive to allocate the fund's assets to
those affiliated funds for which the net advisory fees payable to
the adviser are higher than the fees payable by other affiliated
funds, or unaffiliated underlying funds. The adviser or its
affiliates receive fees for managing and administering the
affiliated funds, which also creates a conflict of interest.
International investments may involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles or from economic or
political instability in other nations. Investments concentrated in
an industry or group of industries may face more risks and exhibit
higher volatility than investments that are more broadly
diversified over industries or sectors.
VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) invests in
fixed income securities, which are subject to interest rate,
inflation, credit and default risk. The bond market is volatile.
Bonds and bond funds will decrease in value as interest rates rise
and vice versa. Credit risk refers to the possibility that debt
issuers may not be able to make principal and interest payments or
may have their debt downgraded by ratings agencies.
Distributed by Foreside Fund Services, LLC, member FINRA
(“Foreside”). Foreside is not affiliated with Victory Capital
Management Inc. or its affiliates, including WestEnd Advisors,
LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240621439212/en/
Investors: Matthew Dennis, CFA Chief of Staff Director, Investor
Relations 216-898-2412 mdennis@vcm.com
Media: Jessica Davila Director, Global Communications
210-694-9693 jessica_davila@vcm.com
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