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VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

https://investor.vcm.com/products/victoryshares-etfs/victoryshares-etfs-list/victoryshares-us-multi-factor-minimum-volatility-etf

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Asset Management

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.

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Ulta Beauty, Inc. (NASDAQ:ULTA) shares are falling due to executives cautioning about a deceleration in demand across categories in Q1. Despite this, the company reaffirmed its annual comparable sales growth target of 4% to 5% and expects FY 2024 revenue to be between $11.7 billion and $11.8 billion. The news also negatively impacted shares of E.L.F. Beauty, Inc. (NYSE:ELF), Coty Inc. (NYSE:COTY), and Estee Lauder Companies, Inc. (NYSE:EL). Investors can gain exposure to ULTA through Neuberger Berman ETF Trust Neuberger Berman Next Generation Connected Consumer ETF (NYSE:NBCC) and VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV).

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 5:32 pm

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