QQQN vs. USMF ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to WisdomTree U.S. Multifactor Fund (USMF)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$27.77

Average Daily Volume

54,792

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.89

Average Daily Volume

34,992

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	USMF
30 Days	-5.24%	-0.49%
60 Days	-2.20%	0.74%
90 Days	3.38%	5.88%
12 Months	10.54%	21.15%

13 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in USMF	Overlap
AKAM	F	1.74%	1.14%	1.14%
EXPE	B	1.93%	0.3%	0.3%
FOXA	A	0.84%	0.99%	0.84%
HOLX	A	2.02%	0.4%	0.4%
INCY	F	1.36%	0.28%	0.28%
MANH	D	1.61%	0.91%	0.91%
NBIX	B	1.52%	0.35%	0.35%
NTAP	B	2.39%	1.0%	1.0%
NTNX	D	1.69%	0.66%	0.66%
STLD	B	2.52%	0.32%	0.32%
ULTA	F	2.37%	0.38%	0.38%
VRSN	F	2.1%	1.38%	1.38%
VTRS	C	1.51%	0.26%	0.26%

QQQN Overweight 34 Positions Relative to USMF

Symbol	Grade	Weight
SMCI	D	4.64%
MPWR	D	3.56%
TSCO	B	3.06%
EBAY	A	2.94%
ICLR	C	2.76%
WDC	B	2.62%
ALGN	C	2.59%
AXON	B	2.59%
PTC	C	2.43%
DKNG	D	2.29%
ENTG	D	2.23%
FSLR	A	2.18%
CHKP	C	2.12%
ALNY	F	2.1%
STX	C	2.02%
JBHT	F	1.99%
BMRN	A	1.96%
UAL	A	1.83%
SWKS	D	1.81%
TER	D	1.79%
ENPH	D	1.75%
ZM	F	1.75%
SSNC	C	1.71%
NDSN	D	1.71%
OKTA	D	1.7%
BSY	A	1.64%
POOL	C	1.6%
BIDU	F	1.47%
SNY	C	1.45%
PODD	F	1.33%
NWSA	C	1.05%
RIVN	F	0.97%
FOX	A	0.76%
NWS	C	0.55%

QQQN Underweight 182 Positions Relative to USMF

Symbol	Grade	Weight
IBM	D	-1.42%
GDDY	A	-1.39%
MSI	A	-1.36%
ROP	C	-1.34%
CSCO	D	-1.32%
SNX	A	-1.31%
FFIV	D	-1.31%
TMUS	B	-1.13%
CTSH	D	-1.08%
IT	D	-1.07%
EA	D	-1.07%
DLB	D	-1.05%
HPQ	D	-1.03%
VNT	D	-1.02%
OMC	A	-1.01%
FICO	C	-0.95%
CMCSA	D	-0.91%
CRM	D	-0.91%
NYT	D	-0.88%
JNPR	D	-0.86%
QLYS	B	-0.84%
DIS	B	-0.83%
T	C	-0.83%
DBX	D	-0.76%
SPG	C	-0.76%
HST	D	-0.73%
APP	B	-0.73%
RHP	D	-0.73%
DELL	A	-0.71%
MUSA	A	-0.68%
DOCU	B	-0.68%
TJX	C	-0.64%
FTNT	D	-0.63%
JBL	F	-0.62%
DRI	C	-0.61%
NFLX	D	-0.61%
CMG	B	-0.59%
TXRH	A	-0.58%
HRB	B	-0.57%
AZO	D	-0.55%
PANW	C	-0.53%
DPZ	B	-0.52%
ARMK	A	-0.51%
L	B	-0.5%
ECL	D	-0.49%
CBOE	C	-0.49%
BRK.A	C	-0.49%
HIG	A	-0.48%
GPK	B	-0.48%
XOM	A	-0.48%
LEA	D	-0.47%
LMT	A	-0.47%
MMC	C	-0.47%
ON	F	-0.46%
MPC	B	-0.46%
CME	B	-0.46%
WSM	A	-0.45%
PHM	B	-0.45%
PSX	B	-0.45%
BRO	C	-0.44%
CNA	C	-0.44%
TRV	D	-0.44%
WM	B	-0.44%
ORI	A	-0.44%
JNJ	F	-0.43%
AFL	B	-0.43%
WRB	D	-0.43%
PKG	D	-0.43%
RGA	A	-0.43%
SKX	B	-0.42%
EHC	A	-0.42%
FANG	A	-0.42%
UNH	D	-0.42%
MRK	A	-0.42%
MKL	C	-0.42%
VLO	B	-0.42%
DGX	A	-0.42%
CW	A	-0.42%
JPM	B	-0.42%
BSX	A	-0.41%
CHRD	B	-0.41%
PCAR	D	-0.41%
ABBV	C	-0.41%
AFG	B	-0.41%
WING	A	-0.41%
GM	A	-0.41%
EOG	A	-0.41%
KR	B	-0.41%
ED	A	-0.4%
ETR	A	-0.4%
KMB	A	-0.4%
BWA	B	-0.4%
CACI	A	-0.4%
CAH	D	-0.39%
NRG	B	-0.39%
BR	D	-0.39%
BMY	F	-0.39%
CL	A	-0.39%
SIGI	B	-0.39%
GIS	A	-0.38%
DCI	B	-0.38%
VRSK	D	-0.38%
ELV	A	-0.38%
KHC	A	-0.38%
PGR	A	-0.38%
BK	A	-0.38%
RS	D	-0.38%
AXP	A	-0.38%
ACI	F	-0.38%
PNW	A	-0.38%
MCK	A	-0.38%
TXT	A	-0.37%
PG	A	-0.37%
LH	D	-0.37%
UTHR	B	-0.37%
AIZ	C	-0.37%
CAG	A	-0.37%
OGE	A	-0.37%
CHE	C	-0.37%
MO	A	-0.37%
SNA	D	-0.37%
AMP	D	-0.37%
RL	C	-0.37%
AOS	A	-0.37%
IBKR	A	-0.37%
ZBH	D	-0.37%
INGR	C	-0.36%
TAP	B	-0.36%
EME	B	-0.36%
CNM	A	-0.36%
WMT	B	-0.36%
REGN	C	-0.36%
HII	C	-0.36%
J	C	-0.36%
DKS	A	-0.36%
SAIC	C	-0.35%
CASY	A	-0.35%
LDOS	B	-0.35%
HCA	C	-0.35%
PSN	C	-0.35%
RLI	B	-0.35%
SYK	D	-0.35%
AIT	D	-0.34%
VST	A	-0.34%
SYY	C	-0.34%
POST	B	-0.34%
GILD	F	-0.34%
AMGN	C	-0.34%
WFC	A	-0.33%
EXEL	A	-0.33%
CNC	C	-0.33%
DINO	D	-0.33%
DECK	C	-0.33%
DDS	B	-0.33%
UNM	B	-0.33%
MOH	D	-0.32%
CF	D	-0.32%
MAS	C	-0.31%
OC	A	-0.31%
USFD	D	-0.31%
VRTX	C	-0.31%
APA	D	-0.3%
APO	B	-0.3%
CVS	D	-0.3%
ALSN	B	-0.3%
TNET	A	-0.3%
LPLA	B	-0.29%
ANF	C	-0.29%
OVV	B	-0.28%
UHS	C	-0.28%
ERIE	C	-0.28%
SWN	A	-0.28%
A	C	-0.28%
AYI	C	-0.28%
CI	A	-0.27%
GL	D	-0.25%
FCN	A	-0.23%
COKE	C	-0.23%
FCNCA	A	-0.22%
DVA	B	-0.22%
FIX	A	-0.21%
MEDP	B	-0.19%