ULVM vs. FTA ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$86.63

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	FTA
30 Days	6.04%	4.88%
60 Days	7.87%	5.23%
90 Days	10.00%	6.80%
12 Months	37.10%	26.69%

66 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in FTA	Overlap
ADM	D	0.44%	0.77%	0.44%
AIG	B	0.93%	0.91%	0.91%
ALLY	C	0.49%	0.71%	0.49%
ARE	D	0.58%	0.32%	0.32%
BAC	A	0.93%	0.59%	0.59%
BLDR	D	0.42%	0.48%	0.42%
C	A	0.83%	0.76%	0.76%
CFG	B	0.67%	0.8%	0.67%
CI	F	0.88%	0.16%	0.16%
CNC	D	0.54%	0.55%	0.54%
COF	B	0.93%	0.86%	0.86%
CRBG	B	0.67%	0.74%	0.67%
CTSH	B	0.97%	0.73%	0.73%
CVS	D	0.56%	0.77%	0.56%
DAL	C	0.91%	1.12%	0.91%
DD	D	0.68%	0.16%	0.16%
DGX	A	0.92%	0.52%	0.52%
DHI	D	0.47%	0.6%	0.47%
DOW	F	0.82%	0.42%	0.42%
DUK	C	1.16%	0.49%	0.49%
ELV	F	0.71%	0.27%	0.27%
ETR	B	1.25%	0.78%	0.78%
EXC	C	0.85%	0.66%	0.66%
F	C	0.48%	0.92%	0.48%
FANG	D	0.7%	0.74%	0.7%
FDX	B	0.6%	0.75%	0.6%
FITB	A	0.78%	0.57%	0.57%
FOXA	B	1.04%	0.98%	0.98%
GD	F	1.17%	0.17%	0.17%
GM	B	0.76%	1.13%	0.76%
HIG	B	0.99%	0.69%	0.69%
HPE	B	0.59%	0.92%	0.59%
HPQ	B	0.6%	0.36%	0.36%
INTC	D	0.41%	0.75%	0.41%
IP	B	0.73%	0.6%	0.6%
KEY	B	0.63%	0.4%	0.4%
KHC	F	0.83%	0.46%	0.46%
KIM	A	0.84%	0.37%	0.37%
KMI	A	1.42%	0.85%	0.85%
KR	B	1.0%	0.72%	0.72%
L	A	1.28%	0.74%	0.74%
LEN	D	0.55%	0.79%	0.55%
LMT	D	1.21%	0.16%	0.16%
LYB	F	0.86%	0.76%	0.76%
MPC	D	0.58%	0.85%	0.58%
NVR	D	0.77%	0.33%	0.33%
NWSA	B	0.9%	0.38%	0.38%
OC	A	0.72%	0.78%	0.72%
PHM	D	0.59%	0.79%	0.59%
PKG	A	1.13%	0.38%	0.38%
PSX	C	0.7%	0.87%	0.7%
RGA	A	0.87%	0.37%	0.37%
SSNC	B	1.03%	0.35%	0.35%
STLD	B	0.78%	0.96%	0.78%
SWKS	F	0.39%	0.6%	0.39%
SYF	B	0.83%	1.14%	0.83%
T	A	1.07%	0.89%	0.89%
TOL	B	0.54%	0.87%	0.54%
TSN	B	0.89%	0.38%	0.38%
TXT	D	0.78%	0.5%	0.5%
UAL	A	0.89%	1.4%	0.89%
VLO	C	0.62%	0.91%	0.62%
VTRS	A	0.71%	0.76%	0.71%
VZ	C	0.88%	0.64%	0.64%
WFC	A	0.94%	0.9%	0.9%
WY	D	0.84%	0.16%	0.16%

ULVM Overweight 59 Positions Relative to FTA

Symbol	Grade	Weight
BRK.A	B	1.39%
FI	A	1.36%
BK	A	1.23%
TRGP	B	1.22%
WELL	A	1.2%
WMT	A	1.18%
BSX	B	1.18%
PEG	A	1.18%
LDOS	C	1.11%
JPM	A	1.05%
WAB	B	1.05%
RTX	C	1.03%
AVB	B	0.99%
GDDY	A	0.98%
GS	A	0.98%
APP	B	0.95%
MCK	B	0.95%
COST	B	0.95%
EQH	B	0.93%
AXP	A	0.91%
MLM	B	0.9%
VICI	C	0.89%
ESS	B	0.88%
SPG	B	0.86%
GRMN	B	0.85%
IBM	C	0.84%
APH	A	0.82%
IR	B	0.81%
EME	C	0.79%
CBRE	B	0.77%
CSL	C	0.77%
IRM	D	0.77%
TFC	A	0.74%
GOOGL	C	0.74%
KKR	A	0.72%
REGN	F	0.72%
CASY	A	0.71%
HCA	F	0.7%
FCNCA	A	0.69%
UTHR	C	0.68%
PFE	D	0.68%
GE	D	0.67%
HWM	A	0.64%
VST	B	0.61%
MSTR	C	0.58%
NTAP	C	0.57%
URI	B	0.57%
THC	D	0.56%
META	D	0.53%
LLY	F	0.51%
VRT	B	0.49%
WDC	D	0.46%
AVGO	D	0.43%
NVDA	C	0.42%
MU	D	0.41%
WSM	B	0.39%
CVNA	B	0.38%
DELL	C	0.34%
MRNA	F	0.16%

ULVM Underweight 120 Positions Relative to FTA

Symbol	Grade	Weight
PCAR	B	-1.02%
EOG	A	-0.97%
TROW	B	-0.97%
CVX	A	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
COP	C	-0.94%
CTRA	B	-0.93%
HAL	C	-0.91%
CMCSA	B	-0.91%
XOM	B	-0.9%
DVN	F	-0.88%
OXY	D	-0.86%
NUE	C	-0.85%
HBAN	A	-0.84%
EG	C	-0.82%
EQT	B	-0.82%
LNG	B	-0.82%
BG	F	-0.8%
SRE	A	-0.76%
XEL	A	-0.74%
SLB	C	-0.73%
ATO	A	-0.73%
CNP	B	-0.72%
AEE	A	-0.72%
ZBH	C	-0.71%
CB	C	-0.7%
CF	B	-0.7%
APTV	D	-0.66%
ON	D	-0.65%
MS	A	-0.65%
DG	F	-0.64%
ED	D	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
BKR	B	-0.61%
MTB	A	-0.61%
RF	A	-0.58%
TDY	B	-0.56%
LUV	C	-0.56%
TRV	B	-0.56%
USB	A	-0.56%
STT	A	-0.55%
NI	A	-0.53%
PPL	B	-0.51%
D	C	-0.5%
LNT	A	-0.5%
AFL	B	-0.5%
EQR	B	-0.5%
ULTA	F	-0.5%
TGT	F	-0.5%
EBAY	D	-0.49%
HRL	D	-0.49%
SYY	B	-0.49%
DTE	C	-0.48%
CE	F	-0.48%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
RJF	A	-0.46%
AKAM	D	-0.45%
BBY	D	-0.45%
BIIB	F	-0.44%
OKE	A	-0.42%
ZM	B	-0.42%
DIS	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
CSCO	B	-0.38%
DRI	B	-0.36%
CSX	B	-0.36%
PRU	A	-0.36%
WEC	A	-0.35%
CMS	C	-0.34%
FNF	B	-0.34%
DOC	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
HSY	F	-0.33%
JNJ	D	-0.33%
EIX	B	-0.33%
FE	C	-0.32%
GIS	D	-0.31%
GPC	D	-0.31%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
PYPL	B	-0.19%
CMI	A	-0.19%
ODFL	B	-0.19%
ACN	C	-0.18%
LHX	C	-0.18%
WRB	A	-0.18%
APD	A	-0.18%
LH	C	-0.18%
IEX	B	-0.18%
J	F	-0.18%
KEYS	A	-0.17%
PEP	F	-0.17%
UPS	C	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
MAA	B	-0.17%
LOW	D	-0.17%
HD	A	-0.17%
PFG	D	-0.17%
OMC	C	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
CPB	D	-0.16%
EXPD	D	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%
AWK	D	-0.15%
CAG	D	-0.14%