VSMV vs. WOMN ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US 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 US 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.

Grade (RS Rating)

Last Trade

$50.31

Average Daily Volume

11,492

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	WOMN
30 Days	3.22%	2.87%
60 Days	4.01%	2.73%
90 Days	4.52%	5.77%
12 Months	23.25%	26.34%

28 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in WOMN	Overlap
AAPL	C	9.53%	5.02%	5.02%
ABBV	D	2.17%	1.55%	1.55%
ACN	C	0.25%	1.9%	0.25%
ADP	B	2.88%	0.5%	0.5%
ALL	A	2.63%	0.21%	0.21%
BBY	D	0.2%	0.16%	0.16%
BMY	B	0.27%	0.43%	0.27%
CAH	B	2.7%	0.13%	0.13%
CI	F	2.5%	0.5%	0.5%
CL	D	0.22%	0.39%	0.22%
GILD	C	0.26%	0.46%	0.26%
GIS	D	0.21%	0.19%	0.19%
HPE	B	2.25%	0.19%	0.19%
JNJ	D	3.48%	1.82%	1.82%
KMB	D	0.27%	0.22%	0.22%
KO	D	0.22%	1.25%	0.22%
MMM	D	0.23%	0.33%	0.23%
MRK	F	2.5%	1.3%	1.3%
MSFT	F	8.63%	2.49%	2.49%
MSI	B	0.27%	0.63%	0.27%
PAYX	C	0.82%	0.18%	0.18%
PG	A	3.03%	1.82%	1.82%
PYPL	B	0.26%	0.34%	0.26%
RSG	A	3.08%	0.19%	0.19%
WM	A	2.94%	0.37%	0.37%
WMB	A	1.34%	0.24%	0.24%
WMT	A	3.94%	0.73%	0.73%
XOM	B	3.57%	2.53%	2.53%

VSMV Overweight 40 Positions Relative to WOMN

Symbol	Grade	Weight
COR	B	3.18%
LMT	D	2.92%
AFL	B	2.9%
MCK	B	2.65%
COST	B	2.64%
CTSH	B	2.48%
NTAP	C	2.13%
LDOS	C	2.01%
EOG	A	1.96%
KMI	A	1.84%
GOOGL	C	1.77%
CINF	A	1.36%
FFIV	B	1.05%
MUSA	A	0.87%
CCK	C	0.83%
NYT	C	0.67%
ATR	B	0.52%
DVA	B	0.51%
GD	F	0.43%
SPG	B	0.4%
ANF	C	0.4%
PKG	A	0.4%
CMCSA	B	0.38%
CSX	B	0.31%
ALSN	B	0.3%
SNA	A	0.3%
CPAY	A	0.29%
STLD	B	0.28%
TJX	A	0.28%
WSO	A	0.27%
CHRD	D	0.25%
BERY	B	0.25%
AM	A	0.25%
CAT	B	0.24%
NUE	C	0.24%
LSTR	D	0.23%
THC	D	0.22%
PHM	D	0.22%
LEA	D	0.21%
HCA	F	0.2%

VSMV Underweight 170 Positions Relative to WOMN

Symbol	Grade	Weight
META	D	-4.85%
AMZN	C	-4.47%
LLY	F	-3.49%
UNH	C	-2.47%
CRM	B	-2.27%
ADBE	C	-2.23%
MCD	D	-2.04%
V	A	-1.94%
CSCO	B	-1.92%
MA	C	-1.77%
IBM	C	-1.64%
INTU	C	-1.56%
NOW	A	-1.42%
CVX	A	-1.31%
BAC	A	-1.25%
UBER	D	-1.22%
PEP	F	-1.17%
SBUX	A	-1.03%
WFC	A	-0.95%
GE	D	-0.88%
AMGN	D	-0.82%
VZ	C	-0.82%
INTC	D	-0.81%
NFLX	A	-0.72%
UNP	C	-0.71%
SPGI	C	-0.7%
AXP	A	-0.7%
PGR	A	-0.67%
COP	C	-0.65%
MS	A	-0.6%
BLK	C	-0.6%
ELV	F	-0.59%
ETN	A	-0.59%
C	A	-0.56%
REGN	F	-0.55%
VRTX	F	-0.54%
WDAY	B	-0.51%
GM	B	-0.49%
AMT	D	-0.49%
MDLZ	F	-0.47%
F	C	-0.46%
ADSK	A	-0.45%
TEL	B	-0.43%
UPS	C	-0.43%
TT	A	-0.39%
EQIX	A	-0.39%
TGT	F	-0.36%
HPQ	B	-0.36%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
USB	A	-0.35%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EBAY	D	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
ECL	D	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NEM	D	-0.26%
NSC	B	-0.25%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
AIG	B	-0.24%
COF	B	-0.24%
D	C	-0.23%
SRE	A	-0.23%
AEP	D	-0.23%
MET	A	-0.22%
JCI	C	-0.22%
BK	A	-0.22%
TYL	B	-0.22%
AMP	A	-0.21%
CMI	A	-0.2%
EXC	C	-0.19%
GWW	B	-0.19%
PRU	A	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PCG	A	-0.18%
VRSK	A	-0.17%
KR	B	-0.17%
BKR	B	-0.17%
DOW	F	-0.17%
DASH	A	-0.17%
OXY	D	-0.17%
KHC	F	-0.16%
HIG	B	-0.16%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
CBRE	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
ADM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
EXPE	B	-0.15%
WSM	B	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
VST	B	-0.14%
HSY	F	-0.13%
A	D	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
PPG	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
DAL	C	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
STT	A	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
SYF	B	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
BAH	F	-0.09%
INVH	D	-0.09%
K	A	-0.09%
HBAN	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
KEY	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
CLX	B	-0.08%
SWK	D	-0.07%
CAG	D	-0.07%
LNT	A	-0.07%
OC	A	-0.07%
LUV	C	-0.07%
DOC	D	-0.07%
HST	C	-0.06%
IPG	D	-0.06%
SJM	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
TAP	C	-0.05%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%