UIVM ETF Explained: Returns, Expense Ratio, Holdings and Alternative ETFs
The Victoryshares Emerging Markets Value Momentum ETF (UIVM) is a passive product that combines value and momentum factors in emerging market equities. Its value and momentum selection structure, along with factor and composition differences versus PIE, UEVM and IDMO, are the key selection criteria.
SubscribeWhat Is the Victoryshares Emerging Markets Value Momentum ETF?
This is a passive ETF that invests in emerging market equities by applying both value and momentum factors. It overweights emerging market stocks that rank well on undervalued value and on upward-trending momentum.
It suits investors who want to add value and momentum factors to their emerging market exposure and are willing to accept emerging market volatility and currency risk.
It is a passive (index-tracking) ETF managed by Victoryshares.
How Does the Victoryshares Emerging Markets Value Momentum ETF Invest?
| Item | Details |
|---|---|
| Investment Target | Emerging market equities |
| Management Style | Passive (value and momentum) |
| Factor Tilt | Undervalued value + momentum |
| Dividend Frequency | Quarterly dividends |
| Expense Ratio | 0.35% |
The fund tracks an index that selects and weights emerging market stocks with strong undervalued value and upward-trend momentum indicators. Rather than relying on a single factor, it reflects both value and momentum, taking a rules-based approach that aims to let one factor offset the other when it lags.
- Combines value and momentum factors in emerging markets
- Selects stocks using two factors
Victoryshares Emerging Markets Value Momentum ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $329.2M, and the expense ratio is 0.35% per year.
The main point of comparison is the combination of value and momentum versus single-factor emerging market ETFs or market-cap-weighted emerging market ETFs.
Victoryshares Emerging Markets Value Momentum ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeEmerging market equities react sensitively to global risk appetite, dollar strength or weakness, and each country's economy. Because the combined value and momentum approach reflects both factors, it tends to follow a different path from single-factor products. As its construction is rules-based, its performance can diverge from market-cap-weighted indexes.
Fund flows into emerging market factor products vary with global risk appetite, currency trends and style rotation, and money sometimes shifts toward related products when interest in factor investing rises. It is also worth noting that performance varies with each country's economy and currency variables.
Victoryshares Emerging Markets Value Momentum ETF Pros and Cons
Its strengths are the combination of value and momentum and its emerging market exposure, while emerging market risk, currency exposure and factor underperformance are considerations.
💪 Key Strengths
⚠️ Points to Watch
Victoryshares Emerging Markets Value Momentum ETF Alternative ETFs and Related Products
For emerging market exposure without a factor tilt, direct substitutes include VWO and IEMG, and products such as EEM are also worth comparing for other emerging market exposure. The three products shown in the table, PIE, UEVM and IDMO, differ in factor composition: emerging market momentum, emerging market value and momentum, and international momentum strategies, respectively. What differentiates this ETF is that it applies both value and momentum to emerging markets.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 IDMO | Invesco S&P International Developed Momentum ETF | $59.46 | +1.0% | $4.2B | 0.25% | 2.36% | +14.3% |
 IMTM | iShares MSCI Intl Momentum Factor ET | $51.81 | +0.7% | $4.2B | 0.30% | 2.32% | +12.4% |
 PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | $50.58 | +0.9% | $608.3M | 0.80% | 1.84% | +7.3% |
 PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | $33.87 | +1.5% | $263.7M | 0.90% | 2.19% | +42.7% |
 UEVM | VictoryShares Emerging Markets Value Momentum ETF | $57.61 | -0.5% | $239.8M | 0.45% | 3.17% | +4.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 IVZ | Invesco Ltd | 0.02% | $29.25 | +1.6% | $12.9B | - | 2.94% |
 MSBT | Morgan Stanley Bitcoin Trust | 0.02% | $24.21 | +2.5% | $0.0M | - | - |
 GBND | Goldman Sachs Core Bond ETF | 0.02% | $48.46 | +0.0% | $0.0M | - | 3.94% |
| BNS | Bank Of Nova Scotia | 0.01% | $94.00 | +1.9% | $115.8B | 17.0 | 3.43% |
| E | Eni Spa ADR | 0.01% | $59.20 | +0.6% | $86.3B | 14.8 | 4.55% |
| TD | Toronto Dominion Bank | 0.02% | $124.70 | +2.1% | $210.7B | 18.5 | 2.55% |
Victoryshares Emerging Markets Value Momentum ETF Investor Checkpoints
Here are the points to review before investing in UIVM. The combination of value and momentum and the emerging market exposure are appealing, but emerging market risk, currency exposure and factor underperformance need to be checked in advance. It is also wise to compare it with plain emerging market products.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 📊 Value and Momentum | Review how the two factors are combined | Factors combined |
| 🌏 Emerging Market Exposure | Review country weights in emerging markets | Regional diversification |
| 💱 Currency | Review emerging market currency exposure | No currency hedge |
| ⚖️ Emerging Market Risk | Review each country's political and policy risk | Needs checking |
Political and policy risk in each country, currency swings, and simultaneous weakness in the value and momentum factors are the main variables for long-term performance, and a rules-based strategy can see its results diverge from market-cap indexes over time. Losses can occur during broad emerging market downturns.
It is a suitable candidate for investors who want to add value and momentum factors to emerging market exposure. For emerging market investing without a factor tilt, consider products such as VWO and IEMG, and if you want the value and momentum combination, it is advisable to compare them with this product before choosing.
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 10, 2026.
Today's 5 AI picks, all free