Key stats
About VictoryShares International Volatility Wtd ETF
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Inception date
Aug 19, 2015
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Victory Capital Management, Inc. (Investment Management)
Distributor
Foreside Fund Services LLC
CIL offers a straightforward low-volatility take on large-cap international stocks. The ETF, launched in August 2015, excludes South Korea and Taiwan, and selects the largest 500 firms with at least four quarters of positive earnings. Still, what really sets the fund apart from market-like exposure is its weighting scheme. CIL allocates in inverse proportion to each stock`s daily volatility over the past 180 trading day, overweighting low-vol stocks. The index applies 20% country cap and 25% sector cap with semi-annual reconstitution each March. The funds closest peers are two sibling funds: CIZ, which offers similar exposure but can move to cash in downturns, and CID, a high-dividend-yield subset of CIL.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.48%
Finance25.88%
Consumer Non-Durables7.06%
Producer Manufacturing6.67%
Technology Services6.65%
Health Technology6.26%
Electronic Technology5.41%
Utilities5.13%
Retail Trade4.58%
Communications4.54%
Non-Energy Minerals4.14%
Consumer Durables3.99%
Transportation3.75%
Energy Minerals3.67%
Industrial Services2.56%
Consumer Services2.53%
Process Industries2.30%
Commercial Services2.26%
Distribution Services1.38%
Health Services0.41%
Miscellaneous0.29%
Bonds, Cash & Other0.52%
Cash0.32%
Temporary0.20%
Stock breakdown by region
Europe55.23%
Asia23.11%
North America13.97%
Oceania6.99%
Middle East0.71%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history