USVM vs. FRI ETF Comparison

Comparison of VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) to First Trust S&P REIT Index Fund (FRI)

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap 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 small-capitalization U.S. issuers within the MSCI USA Small Cap 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

$91.12

Average Daily Volume

7,002

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI 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 S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.55

Average Daily Volume

83,789

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	USVM	FRI
30 Days	8.14%	-0.07%
60 Days	7.88%	-1.01%
90 Days	9.06%	2.97%
12 Months	39.19%	27.46%

16 Overlapping Holdings

Symbol	Grade	Weight in USVM	Weight in FRI	Overlap
AKR	B	0.53%	0.22%	0.22%
CTRE	D	0.6%	0.42%	0.42%
CUZ	B	0.41%	0.39%	0.39%
DEI	B	0.33%	0.26%	0.26%
ESRT	C	0.37%	0.12%	0.12%
HIW	D	0.33%	0.28%	0.28%
IIPR	D	0.31%	0.25%	0.25%
JBGS	D	0.32%	0.11%	0.11%
KRC	C	0.33%	0.35%	0.33%
MAC	B	0.31%	0.35%	0.31%
MPW	F	0.14%	0.22%	0.14%
NHI	D	0.51%	0.28%	0.28%
PEB	D	0.32%	0.12%	0.12%
PK	B	0.36%	0.26%	0.26%
SBRA	C	0.56%	0.36%	0.36%
SLG	B	0.3%	0.41%	0.3%

USVM Overweight 262 Positions Relative to FRI

Symbol	Grade	Weight
DTM	B	0.8%
UNM	A	0.78%
INGR	B	0.69%
CACI	D	0.69%
SF	B	0.66%
CW	B	0.66%
KBR	F	0.62%
CNX	A	0.59%
GVA	A	0.59%
ORI	A	0.59%
EHC	B	0.58%
TAP	C	0.56%
NFG	A	0.56%
JEF	A	0.56%
INVA	D	0.56%
PINC	B	0.54%
AXS	A	0.54%
POST	C	0.54%
TXRH	C	0.53%
CALM	A	0.52%
EXEL	B	0.52%
ESAB	B	0.52%
FFIV	B	0.51%
TGNA	B	0.51%
AWI	A	0.51%
PBH	A	0.5%
ENSG	D	0.5%
EVR	B	0.5%
AGO	B	0.49%
GEF	A	0.49%
ALSN	B	0.49%
CSWI	A	0.49%
GHC	C	0.48%
CNO	A	0.48%
SNDR	B	0.48%
CLH	B	0.47%
MLI	C	0.47%
PIPR	B	0.46%
GNW	A	0.46%
GEO	B	0.46%
MTG	C	0.46%
SWX	B	0.46%
LRN	A	0.46%
R	B	0.45%
SFM	A	0.45%
SNX	C	0.45%
ASB	B	0.45%
AVT	C	0.45%
ACIW	B	0.45%
SKYW	B	0.45%
ESNT	D	0.45%
MATX	C	0.45%
GWRE	A	0.45%
GPOR	B	0.44%
CMC	B	0.44%
MUSA	A	0.44%
H	B	0.44%
GBX	A	0.44%
KFY	B	0.43%
PRIM	A	0.43%
PLXS	B	0.43%
COOP	B	0.43%
ENVA	B	0.42%
BPOP	B	0.42%
PSN	D	0.42%
GMS	B	0.42%
VCTR	B	0.42%
KEX	C	0.42%
HNI	B	0.42%
STC	B	0.41%
ARW	D	0.41%
MOG.A	B	0.41%
CXW	B	0.41%
RDN	C	0.41%
SEB	F	0.41%
RUSHA	C	0.4%
MCY	A	0.4%
PR	B	0.4%
ROAD	A	0.4%
ITGR	B	0.4%
DVA	B	0.4%
VSTO	A	0.4%
WT	B	0.39%
OVV	B	0.39%
WKC	D	0.39%
RL	B	0.39%
BTU	B	0.39%
CHRD	D	0.39%
MDU	D	0.39%
BCO	D	0.38%
GPI	A	0.38%
FSS	B	0.38%
AROC	B	0.38%
MTSI	B	0.37%
QTWO	A	0.37%
BIO	D	0.37%
CNK	B	0.37%
UHS	D	0.36%
PATK	D	0.36%
DY	D	0.36%
SPB	C	0.36%
AL	B	0.36%
ENOV	C	0.36%
BHF	B	0.36%
WTTR	B	0.36%
UVV	B	0.36%
TTMI	B	0.36%
FYBR	D	0.35%
LMAT	A	0.35%
IVZ	B	0.35%
JXN	C	0.35%
NAVI	C	0.35%
JLL	D	0.35%
ADUS	D	0.35%
NTRA	B	0.35%
RDNT	B	0.34%
PHIN	A	0.34%
TMHC	B	0.34%
HRB	D	0.34%
LNC	B	0.34%
MOS	F	0.33%
WGO	C	0.33%
LPX	B	0.33%
ABG	B	0.33%
ALKT	B	0.33%
REZI	A	0.33%
AMWD	C	0.33%
GIII	D	0.32%
SEM	B	0.32%
NXST	C	0.32%
UGI	A	0.32%
CRS	A	0.32%
UAA	C	0.32%
ANDE	D	0.32%
NMRK	B	0.32%
STRL	B	0.32%
CWEN	C	0.32%
VIRT	B	0.32%
ARI	C	0.32%
CVLT	B	0.32%
TPH	D	0.31%
DDS	B	0.31%
PRDO	B	0.31%
AZZ	B	0.31%
AN	C	0.31%
LZB	B	0.31%
ATGE	B	0.31%
FIX	A	0.31%
CRL	C	0.31%
CORT	B	0.3%
CIVI	D	0.3%
SOLV	C	0.3%
INSW	F	0.3%
NTCT	C	0.3%
ADTN	A	0.3%
IAC	D	0.29%
COKE	C	0.29%
SCS	C	0.29%
BCC	B	0.29%
SAH	A	0.29%
HALO	F	0.29%
VRNS	D	0.29%
PRGO	B	0.29%
VSH	D	0.29%
NATL	B	0.28%
LGND	B	0.28%
BHE	B	0.28%
KBH	D	0.28%
PVH	C	0.28%
SM	B	0.28%
WING	D	0.27%
VTLE	C	0.27%
IESC	B	0.27%
GT	C	0.27%
AZTA	D	0.27%
VERX	B	0.27%
MEDP	D	0.27%
GRBK	D	0.27%
CUBI	C	0.27%
DXC	B	0.27%
PLUS	F	0.26%
VYX	B	0.26%
NSIT	F	0.26%
POWL	C	0.26%
AMRX	C	0.26%
AEO	F	0.26%
CNM	D	0.26%
SANM	B	0.26%
GKOS	B	0.26%
CLF	F	0.26%
LEVI	F	0.25%
MTH	D	0.25%
HCC	B	0.25%
MHO	D	0.25%
SLVM	B	0.25%
COHR	B	0.25%
HIMS	B	0.25%
MHK	D	0.24%
BFH	B	0.24%
PBF	D	0.24%
BOOT	D	0.24%
CAL	D	0.23%
LUMN	C	0.23%
M	D	0.23%
CRNX	C	0.23%
CAR	C	0.23%
CCS	D	0.23%
BMBL	C	0.23%
ADMA	B	0.22%
JBLU	F	0.22%
DKS	C	0.22%
UCTT	D	0.22%
TDS	B	0.22%
LBPH	A	0.22%
UFPT	B	0.21%
REVG	B	0.21%
MODG	F	0.21%
MSGE	F	0.21%
GES	F	0.21%
VIR	D	0.2%
ELAN	D	0.2%
FTRE	D	0.2%
MOD	A	0.2%
COLL	F	0.2%
PI	D	0.2%
BKD	D	0.2%
USM	B	0.2%
VITL	D	0.19%
KSS	F	0.19%
AMR	C	0.19%
CRUS	D	0.19%
CLSK	C	0.19%
LPG	F	0.19%
PLAB	C	0.19%
GAP	C	0.19%
VECO	F	0.19%
HTZ	C	0.18%
ANF	C	0.18%
OGN	D	0.18%
XRX	F	0.18%
VSTS	C	0.17%
FORM	D	0.17%
AMKR	D	0.17%
SOUN	C	0.17%
SATS	D	0.17%
ODP	F	0.16%
ONTO	D	0.16%
QRVO	F	0.16%
RNA	D	0.16%
OMI	F	0.16%
AHCO	F	0.15%
JANX	C	0.15%
DFH	D	0.15%
ZETA	D	0.14%
HE	C	0.13%
INSM	C	0.13%
HOV	D	0.13%
NPAB	B	0.13%
VKTX	F	0.12%
HUMA	F	0.12%
DYN	F	0.1%
MRVI	F	0.08%

USVM Underweight 112 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-8.93%
EQIX	A	-7.17%
WELL	A	-6.54%
DLR	B	-4.61%
SPG	B	-4.6%
PSA	D	-4.39%
O	D	-4.11%
EXR	D	-2.91%
IRM	D	-2.79%
VICI	C	-2.76%
AVB	B	-2.72%
VTR	C	-2.21%
EQR	B	-2.1%
ESS	B	-1.63%
INVH	D	-1.61%
MAA	B	-1.55%
ARE	D	-1.42%
KIM	A	-1.4%
DOC	D	-1.26%
SUI	D	-1.22%
GLPI	C	-1.12%
UDR	B	-1.12%
ELS	C	-1.12%
CPT	B	-1.08%
HST	C	-1.03%
WPC	D	-1.01%
REG	B	-1.01%
AMH	D	-0.99%
BXP	D	-0.97%
LAMR	D	-0.94%
CUBE	D	-0.91%
OHI	C	-0.86%
REXR	F	-0.77%
BRX	A	-0.73%
FRT	B	-0.72%
EGP	F	-0.7%
NNN	D	-0.65%
ADC	B	-0.64%
VNO	B	-0.58%
FR	C	-0.58%
RHP	B	-0.57%
STAG	F	-0.55%
KRG	B	-0.5%
TRNO	F	-0.5%
COLD	D	-0.48%
EPRT	B	-0.48%
PECO	A	-0.4%
IRT	A	-0.39%
SKT	B	-0.33%
APLE	B	-0.29%
EPR	D	-0.28%
CDP	C	-0.28%
BNL	D	-0.27%
NSA	D	-0.25%
LXP	D	-0.23%
UE	C	-0.23%
OUT	A	-0.22%
FCPT	C	-0.22%
ROIC	A	-0.19%
IVT	B	-0.19%
EQC	B	-0.18%
SHO	C	-0.17%
DRH	B	-0.16%
LTC	B	-0.14%
XHR	B	-0.13%
GTY	B	-0.13%
ALEX	C	-0.12%
GNL	F	-0.12%
ELME	D	-0.12%
VRE	B	-0.12%
RLJ	C	-0.12%
AAT	B	-0.11%
UNIT	B	-0.11%
UMH	C	-0.11%
PDM	D	-0.1%
NTST	D	-0.1%
DEA	D	-0.1%
AIV	C	-0.09%
CSR	B	-0.09%
BDN	C	-0.08%
PGRE	F	-0.08%
NXRT	B	-0.08%
INN	D	-0.06%
GOOD	B	-0.06%
PLYM	F	-0.06%
AHH	D	-0.06%
HPP	F	-0.05%
WSR	A	-0.05%
OLP	B	-0.04%
CLDT	B	-0.04%
ALX	D	-0.04%
SVC	F	-0.04%
CHCT	C	-0.04%
PKST	D	-0.04%
BFS	C	-0.04%
FPI	B	-0.04%
UHT	D	-0.04%
GMRE	F	-0.04%
DHC	F	-0.04%
PSTL	D	-0.03%
CBL	A	-0.03%
CTO	B	-0.03%
LAND	F	-0.03%
CIO	D	-0.02%
NXDT	D	-0.02%
PINE	C	-0.02%
BHR	B	-0.02%
BRT	B	-0.02%
ILPT	D	-0.02%
OPI	F	-0.01%
MDV	D	-0.01%
FSP	C	-0.01%