San Antonio, Texas, September 10, 2020 ― Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that it has launched the VictoryShares Nasdaq Next 50 ETF (QQQN), which begins trading on the Nasdaq Stock Market® today. QQQN offers exposure to the 50 stocks that are next in line for inclusion in the widely popular Nasdaq-100 Index® (NDX) and seeks to provide investment results that track the performance of the Nasdaq Q-50 Index® (NXTQ) before fees and expenses.
“We wanted to democratize access to an index of disruptive and innovative companies, helping to capture their potential early, well before they may grow to be tomorrow’s mega cap leaders,” said Mannik Dhillon, CFA, CAIA, President, VictoryShares and Solutions. “Our goal is to provide investors with cost-effective exposure to the next generation of innovators with the potential to graduate to the Nasdaq-100 Index.”
“Nasdaq is committed to creating powerful index strategies and methodologies that help investors access financial markets. This includes leveraging Nasdaq’s history of having the most innovative global companies listed on our exchange,” said Cameron Lilja, Vice President, and Head of Global Index Products at Nasdaq. “Our work with Victory Capital is essential in bringing groundbreaking ETF strategies to market through the VictoryShares platform.”
The Nasdaq Q-50 Index tracks the performance of the 50 securities that are next eligible for inclusion into the Nasdaq-100 Index. The Index includes the 50 largest, non-financial names ranked by market cap, that are not currently included in the Nasdaq-100 Index. The Nasdaq Q-50 Index has been live and proven for more than 10 years. Its methodology aligns with the innovation and growth focus behind the time-tested Nasdaq-100 Index, but with an emphasis on forward-thinking companies on the vanguard of market leadership and technological advancement.
Victory Capital entered the ETF business in 2015 and has grown its VictoryShares platform to 21 ETFs and approximately $4.7 billion in assets under management in just over five years as of August 31, 2020. In addition to its risk-weighted strategies, VictoryShares leverages the active insights of Victory Capital’s Investment Franchises to offer innovative dividend growth and multi-factor strategies, as well as thematic and active fixed income ETFs. Visit www.victoryshares.com for more information or contact our sales desk at 1.800.991.8191.
About Victory Capital
Victory Capital is a diversified global asset management firm with $132.5 billion in assets under management as of July 31, 2020*. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With nine autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, rules-based and active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us. linkedin
*Reflects AUM on a discretionary and non-discretionary basis.
Contacts:
Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com
Media:
Tricia Ross
310-622-8226
tross@finprofiles.com
Disclosure:
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Victory Capital means Victory Capital Management Inc., the investment adviser of the Victory Capital mutual funds, USAA Mutual Funds and VictoryShares ETFs. Victory Capital mutual funds and USAA Mutual Funds are distributed by Victory Capital Services, Inc. (VCS), an affiliate of Victory Capital. VictoryShares ETFs are distributed by Foreside Fund Services, LLC (Foreside). VCS and Foreside are members of FINRA. VCS and Victory Capital are not affiliated with Foreside. USAA is not affiliated with Foreside, Victory Capital, or VCS. USAA and the USAA logos are registered trademarks and the USAA Mutual Funds and USAA Investments logos are trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license.
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