CIZ VictoryShares Developed Enhanced Volatility Wtd ETF

*Unless otherwise stated, data provided by FactSet.

CIZ Fund Description

CIZ tracks an index of 500 ex-US developed-market stocks screened for positive earnings weighted by volatility. The fund can hold up to 75% cash in market downturns.

CIZ Factset Analytics Insight

CIZ offers international large-cap exposure with downside protection. The fund takes a two-pronged approach to risk reduction — low-vol weighting and cash toggle. The index screens out companies with negative earnings in any of the last four quarters, selects 500 constituents and overweights those with low price volatility. The index applies 20% country cap and 25% sector cap with semi-annual reconstitution starting each March. Furthermore, in the event of a 12% decline in its equity holdings, 75% of the portfolio will be moved to cash or cash equivalents and it has logic to buy back equities in severe downturns. CIZ will move back into stocks gradually if the market continues to decline, or immediately if the market recovers. This sort of rules-based market timing can help limit losses, though there is a risk that the fund will act too late (cash-toggles only occur at month-end). Sibling fund CIL offers the same exposure but without the cash toggle.

PERFORMANCE [as of 10/04/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CIZ -0.44% -0.85% -13.67% -11.28% 0.35% -0.74% --
CIZ (NAV) 0.06% -0.13% -13.60% -10.27% 0.45% -0.48% --
MSCI World ex USA Large Cap -3.59% -3.69% -21.29% -17.79% 1.65% 1.00% 4.01%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CIZ Summary Data

10/01/14
Open-Ended Fund
0.45%
$37.47M
$99.94K
0.37%

CIZ Portfolio Data

$8.07B
11.61
1.43
2.34%
N/A
505

CIZ Index Data

Nasdaq Victory International 500 Long/Cash Volatility Weighted Index
Technical
Multi-Factor
MSCI World ex USA Large Cap

CIZ Portfolio Management

0.45%
-0.47%
-0.31%
-0.65%

CIZ Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

CIZ Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Medium
Daily

CIZ Factset Analytics Block Liquidity

As of 10/05/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of CIZ. CIZ is rated a 4 out of 5.

CIZ Tradability

3,407
$99.94K
2,029
$59.41K
0.37%
$0.11
0.07%
1.90% / -1.38%
None
28.56%
50,000
0.04
0.26%
0.00%
0
$29.32
4

CIZ Sector/Industry Breakdown


CIZ
Segment Benchmark
49.53%
--
12.20%
--
4.38%
--
4.03%
--
2.96%
--
2.75%
--
2.74%
--
2.49%
--
2.36%
--
2.10%
--

CIZ Top 10 Holdings[View All]

49.53%
0.22%
0.22%
0.20%
0.20%
0.20%
0.19%
0.19%
0.19%
0.19%
51.33%

CIZ Countries


CIZ
Segment Benchmark
77.58%
0.75%
4.20%
18.99%
3.42%
11.70%
2.05%
14.63%
1.86%
10.33%
1.42%
10.45%
1.42%
7.10%
1.24%
6.89%
1.02%
2.56%
0.84%
2.76%

CIZ Regions


CIZ
Segment Benchmark
81.00%
12.46%
11.27%
57.52%
7.51%
29.86%
0.19%
0.17%

CIZ Economic Development


CIZ
Segment Benchmark
99.97%
100.00%
0.00%
0.00%

CIZ Performance Statistics

0.69
0.55
0.59
0.50
0.62%
MSCI World ex USA Large Cap

CIZ Benchmark Comparison Holdings

505
385
329
15.05%

CIZ Benchmark Comparison Summary


CIZ
Segment Benchmark
505
385
$8.07B
$85.56B
11.61
12.59
1.43
1.66
3.38%
3.24%
High
Low

CIZ Benchmark Comparison Market Cap Size


CIZ
Segment Benchmark
17.68%
98.67%
4.76%
1.32%
0.02%
0.00%
0.00%
0.00%