Today, VictoryShares launched an ETF that focuses primarily on companies that have been supportive of U.S. military veterans, with another with a focus on companies related to America’s security interests slated to roll out tomorrow. The VictoryShares Top Veteran Employers ETF (VTRN) and the soon-to-debut VictoryShares Protect America ETF (SHLD) both list on the Nasdaq stock market and come with expense ratios of 0.60%.
VTRN’s underlying benchmark, the Veterans Select Index, targets companies that have helped veterans and their families through the provision of employment opportunities and adoption of supportive policies. The index has size and liquidity requirements for its components and generally includes 50 components that are equally weighted, according to the prospectus.
Meanwhile, SHLD’s underlying Nasdaq Yewno Aerospace & Defense Index covers not just traditional aerospace and defense companies but also contractors working with the U.S. Department of Defense, U.S. Department of Energy, U.S. Department of Homeland Security and NASA to provide infrastructure and related services to support national security. Additionally, the index includes companies that provide intellectual property for traditional defense categories, the prospectus says.
The methodology selects the top 50 eligible companies based on the size of their government contracts, with weightings determined through a proprietary formula based on revenues related to national security and patents, the document indicates.
Contact Heather Bell at [email protected]