What Is the UEVM ETF? Returns, Expense Ratio, Holdings and Alternative ETFs Explained
The VictoryShares Emerging Markets Value Momentum ETF (UEVM) is an emerging-market value and momentum multi-factor ETF designed to lower volatility. The expense ratio, the dividend, and how it differs from its sister fund UIVM and the international momentum ETF IMTM are the key selection criteria.
SubscribeWhat Is the VictoryShares Emerging Markets Value Momentum ETF?
This is an emerging-market multi-factor ETF that tracks the Nasdaq Victory Emerging Markets Value Momentum Index. From large- and mid-cap emerging-market stocks, it selects names with strong value and momentum characteristics and assigns higher weights to stocks with lower realized volatility.
It suits investors who want to diversify across emerging markets but prefer exposure to value and momentum factors over simple market-cap weighting.
It is a passive (index-tracking) ETF managed by Victory Capital.
How Does the VictoryShares Emerging Markets Value Momentum ETF Invest?
| Item | Details |
|---|---|
| Tracking index | Nasdaq Victory Emerging Markets Value Momentum Index |
| Management style | Passive (index-tracking) |
| Asset class | Emerging-market equities |
| Rebalancing frequency | Regular rebalancing |
| Dividend frequency | Quarterly dividends |
| Manager | Victory Capital |
| Total expense ratio | 0.45% |
It uses a multi-factor approach: from a universe of emerging-market large- and mid-cap stocks, it picks names with strong value and momentum characteristics and gives greater weight to those with lower realized volatility. The structure aims to lower volatility relative to traditional market-cap-weighted indexes while increasing factor exposure.
- Combines two factors, value and momentum
- Low-volatility weighting designed to dampen volatility
VictoryShares Emerging Markets Value Momentum ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $242.8M, and the total expense ratio is 0.45% per year.
Its fees and factor composition differ from those of its sister fund UIVM and the international momentum ETF IMTM, so it is worth comparing costs and exposure methods together.
VictoryShares Emerging Markets Value Momentum ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeReturns tend to depend on the direction of emerging-market equities and the relative performance of the value and momentum factors. During periods of a strong dollar, emerging-market assets are prone to pressure, and trend volatility can widen.
In the emerging-market multi-factor category, inflows tend to rise in risk-on environments, while outflow pressure grows in risk-off phases. Fund flows react sensitively to global interest rates and the direction of the dollar.
VictoryShares Emerging Markets Value Momentum ETF Pros and Cons
Factor diversification and a volatility-dampening design are its strengths, while risks unique to emerging markets and currency exposure work as drawbacks.
💪 Key Strengths
⚠️ Points to Watch
VictoryShares Emerging Markets Value Momentum ETF Alternative ETFs and Related Products
Its sister fund UIVM, also managed by Victory Capital, shares the same emerging-market value and momentum concept, so you can compare fees and detailed holdings. If you want international momentum exposure that includes developed markets, IMTM and IDMO are options, and if you want to focus more on emerging-market momentum, PIE is also worth considering. Because fees and factor definitions differ from product to product, it is best to weigh cost and the nature of the exposure together.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 IDMO | Invesco S&P International Developed Momentum ETF | $58.73 | -0.4% | $4.2B | 0.25% | 2.39% | +13.1% |
 IMTM | iShares MSCI Intl Momentum Factor ET | $51.31 | -0.5% | $4.2B | 0.30% | 2.34% | +11.3% |
 PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | $49.85 | -0.7% | $610.5M | 0.80% | 1.87% | +5.8% |
 UIVM | VictoryShares International Value Momentum ETF | $72.91 | -0.4% | $331.4M | 0.35% | 4.33% | +20.0% |
 PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | $33.27 | -0.2% | $262.6M | 0.90% | 2.23% | +40.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 UCB | United Community Banks Inc | - | $33.78 | -0.9% | $4.1B | 11.1 | 3% |
 BMRC | Bank of Marin Bancorp | 0.02% | $26.07 | -1.3% | $422.1M | - | 3.84% |
 NTB | Bank of N T Butterfield & Son Ltd | 0.02% | $58.35 | -0.5% | $2.3B | 10.3 | 3.43% |
 ZTO | ZTO Express (Cayman) Inc ADR | 0.01% | $20.06 | -0.6% | $11.0B | 11.0 | 4.07% |
 FMX | Fomento Economico Mexicano SAB de CV ADR | 0.01% | $126.93 | +0.4% | $25.6B | 24.7 | 5.48% |
VictoryShares Emerging Markets Value Momentum ETF Investor Checkpoints
These are the points to review before investing in UEVM. As an emerging-market multi-factor ETF, it is advisable to check costs, factor exposure, and currency effects in advance, and comparing it with its sister fund or an international momentum ETF can also help.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the impact of cumulative costs over a long holding period | Annual fee applies |
| 📊 Factor exposure | Check how value and momentum are combined | Multi-factor structure |
| 🌏 Emerging-market weighting | Check the degree of country and currency diversification | Broadly diversified |
| 💱 Exchange rate | Impact on returns converted to won | No currency hedge applied |
Political and currency risks unique to emerging markets, along with the possibility that the value and momentum factors underperform together, are the main sources of volatility. In risk-off phases, emerging-market assets can see relatively sharp corrections.
For investors who want a factor-based approach to emerging markets, it can serve as a diversification tool. It is reasonable to choose by comparing costs and the nature of the exposure against alternatives such as the sister fund UIVM and the international momentum ETF IMTM.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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