VSMV – VictoryShares US Mult-Fctr Mnmm Vltl ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investment results that track the performance of the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index (the "index"). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VSMV	VictoryShares US Multi-Factor Minimum Volatility ETF	ETF	Open			Jun 21, 2017	$156.11M	0.350%	—	—	$11.11M

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