CEZ

VictoryShares Emerging Market Volatility Wtd ETF
*Unless otherwise stated, data provided by FactSet.

CEZ Fund Description

CEZ tracks an index of emerging market equities. The index selects the largest 500 firms that meet a screen for 4 straight quarters of positive earnings. Stocks are weighted inversely by volatility.

CEZ Factset Analytics Insight

CEZ offers a volatility-weighted take on larger, recently profitable emerging market equities. The fund starts from a broad basket of EM stocks and screens for positive earnings for the most recent 4 quarters. It takes the largest 500 stocks passing the screen, subject to moderate caps on single sector and country positions at 25% and 20%, respectively. Stocks are weighted inversely by volatility, as is the case with sister funds CFA and CIL. As CEZ does not consider correlations among the stocks, it isn’t designed to deliver the portfolio with the minimum volatility subject to its constraints. Still, low-vol funds typically exhibit significantly lower market risk relative to our cap-weighted benchmark.We classify CEZ as a large-cap by virtue of its “top 500” selection, but it might also be considered a total market ETF and therefore a competitor (albeit a smaller one by AUM) to EEMV, a popular min-vol ETF from iShares. Note too that CEZ’s index counts South Korea as an emerging market, as does MSCI but not FTSE.CEZ, launched in March 2016, charges a middling fee. Its issuer has a relatively small number of ETFs that have attracted decent assets in aggregate. The index is homegrown from issuer affiliate CEMP.

CEZ MSCI ESG Analytics Insight

VictoryShares Emerging Market Volatility Wtd ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.60 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. VictoryShares Emerging Market Volatility Wtd ETF ranks in the 26th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

CEZ Charts And Performance

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PERFORMANCE [as of 10/27/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CEZ 1.30% -1.11% -11.77% -7.63% -2.68% -- --
CEZ (NAV) 2.51% -1.14% -11.91% -7.70% -2.69% -- --
MSCI Emerging Markets Large Cap 7.67% 6.69% 5.21% 13.79% 3.68% 8.85% 3.19%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CEZ Summary Data

03/23/16
Open-Ended Fund
0.50%
$8.12M
$848.10K
0.24%

CEZ Portfolio Data

$17.53B
12.49
1.35
1.39%
11/10/20
497

CEZ Index Data

Nasdaq Victory Emerging Market 500 Volatility Weighted Index
Volatility
Earnings
MSCI Emerging Markets Large Cap

CEZ Portfolio Management

0.50%
-0.87%
-0.33%
-3.44%

CEZ Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

CEZ Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

CEZ Factset Analytics Block Liquidity

As of 10/28/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of CEZ. CEZ is rated a 3 out of 5.

CEZ Tradability

36,608
$848.10K
576
$13.46K
0.24%
$0.06
-0.74%
2.58% / -5.89%
None
0.00%
50,000
0.01
1.14%
0.13%
0
$23.15
3

CEZ Sector/Industry Breakdown


CEZ
Segment Benchmark
21.89%
20.68%
12.05%
6.15%
11.67%
41.66%
11.42%
3.61%
10.67%
6.70%
9.88%
5.91%
6.63%
1.76%
5.98%
3.77%
5.39%
3.50%
4.43%
6.14%

CEZ Top 10 Holdings[View All]

0.79%
0.62%
0.52%
0.51%
0.49%
0.48%
0.46%
0.44%
0.40%
0.39%
5.11%

CEZ Countries


CEZ
Segment Benchmark
21.45%
12.04%
19.86%
38.21%
11.27%
8.23%
8.75%
1.77%
6.90%
1.69%
6.10%
4.34%
4.76%
2.94%
3.77%
1.27%
3.41%
1.37%
2.63%
0.64%

CEZ Regions


CEZ
Segment Benchmark
74.96%
82.29%
11.54%
6.28%
8.11%
3.70%
5.40%
6.78%
--
0.95%

CEZ Economic Development


CEZ
Segment Benchmark
57.81%
37.32%
42.19%
62.68%

CEZ Performance Statistics

0.92
0.90
0.86
1.04
0.49%
MSCI Emerging Markets Large Cap

CEZ MSCI ESG Ratings

4.60 / 10
23.32
26.09
2.35%
6.09%
523.52

CEZ Benchmark Comparison Holdings

497
684
269
27.36%

CEZ Benchmark Comparison Summary


CEZ
Segment Benchmark
497
684
$17.53B
$204.24B
12.49
19.06
1.35
1.89
3.69%
2.25%
Low
Medium

CEZ Benchmark Comparison Market Cap Size


CEZ
Segment Benchmark
27.15%
81.84%
56.20%
17.75%
16.45%
0.30%
0.20%
0.00%