VictoryShares Protect America ETF

C000221409 Fund Overview

VictoryShares Protect America ETF is a US ETF managed by Victory Portfolios II, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Victory Portfolios II
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $1.58M
• 1-year return: 13.6%
• SEC CIK: 0001547580
• SEC series ID: S000069389
• Share class ID: C000221409

C000221409 Investment Objective and Strategy

VictoryShares Protect America ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios II.

Investment objective

The VictoryShares Protect America ETF (the Fund) seeks to provide investment results that track the performance of the Nasdaq Yewno Aerospace & Defense Index TM before fees and expenses.

Principal investment strategy

Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its assets in securities of companies in the Nasdaq Yewno Aerospace & Defense Index TM (Index) that are tied to the protection of national security interests of the United States. The Index is maintained exclusively by Nasdaq, Inc. (the Index Provider). For this purpose, protection of the national security interests of the United States includes companies that: (1) are engaged in the traditional aerospace and defense industries; (2) have contracted with four U.S. government agencies (U.S. Department of Defense, U.S. Department of Energy, U.S. Department of Homeland Security, and NASA) to provide goods and services that those agencies consider necessary to build, maintain and operate infrastructure important to protecting U.S.

national security, including as of the date of this Prospectus, companies that provide machinery, health care, communications, construction and engineering, and information technology goods and services relating to the protection of U.S. national security interests; and/or (3) provide significant intellectual property (IP) to traditional defense-related industries (aerospace, ammunition, communications, explosives, heavy weapons, infrastructure, naval equipment, small arms and training, nuclear, and personal equipment). The Index utilizes a rules-based approach to track the performance of companies that rank highly according to current and projected U.S. national security revenue as measured by the size of signed defense-related contracts with the four select U.S. government agencies stated above and/or that may be innovative in the area of defense in terms of IP contribution or exposure.

From the universe of eligible securities, the Index identifies the top 50 eligible companies ranked by total outstanding contracts relating to the protection of U.S. national security interests, and projected revenue amounts. The Index also identifies other companies ranked in the top 200 eligible companies that have significant IP contribution or exposure in the defense-related areas stated above. The Index then excludes any companies (1) with market capitalization of less than $100 million, (2) with average daily trading volume less than $1 million on average over the prior three -month period and (3) which do not have any securities listed on a U.S. exchange. From time to time, the Fund will concentrate its investments in an industry or group of industries to the extent the Index is so concentrated.

As of the date of this Prospectus, the Index is concentrated in the aerospace and defense industry. The Index methodology, however, is not designed to limit the constituent companies to those within the traditional defense and aerospace industries as defined by a third party classification system. Instead, the Index Provider has developed a rules-based methodology for identifying companies that it believes are engaged in the security of the United States based on the significance of their products and services to select U.S. government agencies and/or their overall contribution to the advancement of aerospace and defense innovation. For example, a health care company that offers products, services or intellectual property that meaningfully contribute to national security (as measured by the Index) are consistent with the Funds name Protect America even if those products and services do not represent a significant portion (e.g., more than 50%) of the companys revenues or assets.

For this reason, over time, the industries of companies comprising the Index may vary depending on the nature of the companies that the Index selects based on its rules-based criteria. The Index may include non-U.S. companies with securities listed on a U.S. exchange (including through depositary receipts). The Fund generally seeks to track the returns of the Index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the Index in proportion to their weightings in the Index. The Index reconstitutes semi-annually, and the companies in the Index are custom-weighted based on a rules-based methodology that considers a companys revenues associated with national security and a factor associated with each companys IP patent activity, if any. The number of companies in the Index can change and may at times have fewer than 50 companies.

As of October 15, 2020, the Index had a market capitalization range from $471 million to $1.6 trillion. The Fund is non-diversified and expects to hold a larger portion of its assets in a smaller number of issuers.

C000221409 Performance

Total returns for C000221409 (as of 2026-10-01), from SEC filings.

C000221409 Risk Information

Risk metrics for C000221409, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 12.1%

C000221409 Costs and Fees

C000221409 costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 0.65%
• Brokerage commissions: 1.17 bps of average net assets (SEC N-CEN)

C000221409 Cashflows

Over the 12 months to 2021-09, VictoryShares Protect America ETF had net inflows of $4.19M, from monthly SEC N-PORT filings.

C000221409 Debt Constituents

No individual debt constituents are reported in VictoryShares Protect America ETF's latest SEC N-PORT filing.

C000221409 Prospectus and SEC Filings

Official VictoryShares Protect America ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus supplement (497) — filed 2020-11-09
• Portfolio holdings (N-PORT) — filed 2021-11-26
• Portfolio holdings (N-PORT) — filed 2021-08-27
• Portfolio holdings (N-PORT) — filed 2021-05-26
• Annual census (N-CEN) — filed 2021-09-10

Related Funds

Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.