Launched Jul 1, 2014 · SEC filings

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

CDCNasdaqVictory CapitalB

$78.48+0.64 (+0.83%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 14 of 53 in US Dividend Index

B68/100Rank 14 of 53inUS Dividend Index

Expense ratio: 0.35%*
Fund size: $743M
1Y total return: +23.3%
Yield · Last 12 months: 3.04%
Holdings: 101
Avg volume · 30D: 14.1K sh
52W range: low $64.30high $78.48
Launched: Jul 1, 2014
Filings: SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.37%.

The ETF.net CDC Grade

Score 68 out of 100

Category: US Dividend Index⁠
Rank: 14 of 53

Cost
B57 out of 100
Rank 20 of 53
Mission
A85 out of 100
Rank 22 of 50
Risk
A70 out of 100
Rank 11 of 53
Tradability
B61 out of 100
Rank 18 of 53
Holdings
A78 out of 100
Rank 6 of 53
Durability
C52 out of 100
Rank 34 of 53

Our read on CDC

ETF.net Research

In short

BA dividend fund with a built-in seatbelt: the index weights high-yielding US large caps by volatility instead of size, and can shift part of the portfolio into cash after deep market declines.

Stated mandate

The Fund seeks to track, before fees and expenses, a U.S. large-cap high-dividend index that uses long/cash positioning and volatility weighting. It generally invests at least 80% of assets in securities included in that index.

Why people hold it

The long/cash rule is the hook. The index can move part of the portfolio to cash when the market falls hard, then rebuild equity exposure as it recovers. Rare in dividend land.
Volatility weighting spreads roughly 100 dividend payers by how much each one swings, so the biggest names don't automatically get the biggest slots.
Running since 2014 and pays monthly, a cadence most equity dividend funds don't offer.
The portfolio itself is one of the sturdier builds in the dividend-screen group, and the fund sits in the upper half of that peer set overall.

Worth knowing

At 0.38% it's right around the middle of dividend screens, but plain-vanilla rivals like SCHD (0.06%) and VIG (0.04%) cost a fraction. The rules aren't free.
Thinly traded next to the mega dividend funds, so spreads can run wider and size matters when you're placing an order.
The cash switch is reactive by design: it responds to declines that already happened rather than anticipating them.

CDC Holdings

Holdings pillarA78Rank 6 of 53 in US Dividend Index

Asset class: Stocks
Holdings: 101
Top-10 weight: 16%
Largest holding: WEC1.7%

Sectors

Utilities24.1%
Financials20.3%
Consumer Staples16.6%
Consumer Discretionary9.9%
Energy9.8%
Health Care6.0%

Industrials4.7%
Communication4.1%
Technology3.8%
Materials0.8%
Real Estate0.0%

Geography

United States98.71%
United Kingdom0.77%
Ireland0.52%

The fund’s holdings, weight-ordered — page 1 of 7.
#	Ticker	Company	Weight %	Shares	Market value	Held by ETFs
1	WEC	Wec Energy Group	1.73%	110,556	$12.8M	283
2	DUK	Duke Energy Corp.	1.65%	96,106	$12.2M	329
3	EVRG	Evergy Inc	1.63%	140,894	$12.1M	297
4	ED	Consolidated Edison Inc.	1.62%	103,189	$12M	332
5	LNT	Alliant Energy Corp.	1.59%	164,486	$11.8M	275
6	FE	Firstenergy Corp.	1.58%	250,594	$11.8M	283
7	SO	Southern Co	1.52%	120,753	$11.3M	340
8	CMS	Cms Energy Corp.	1.49%	158,007	$11.1M	275
9	PPL	Ppl Corp.	1.45%	303,092	$10.8M	279
10	DTE	Dte Energy Co.	1.44%	79,188	$10.7M	284
11	AEP	American Electric Power C	1.44%	82,160	$10.7M	345
12	PEG	Public Service Enterprise	1.43%	143,145	$10.6M	292
13	PG	Procter & Gamble Co.	1.41%	64,704	$10.5M	441
14	XEL	Xcel Energy Inc.	1.39%	129,599	$10.3M	319
15	EXC	Exelon Corp.	1.35%	217,383	$10M	355

Showing 1–15 of 101 holdings

CDC Performance

Launched Jul 1, 2014

CDC$12,334

$11,199

Oct 31, 2025 – Oct 30, 2026

Trailing total return for CDC. Periods over one year show the average yearly return.
Period	CDC
Year to date	+21.1%
1 month	+9.1%
3 months	+3.1%
1 year	+23.3%
3 years	per year+16.1%
5 years	per year+6.8%
10 years	per year+10.6%

With distributions reinvested.

Annual total returns for CDC
Year	Return bar	CDC
2026 YTD		+21.1%
2025		+9.0%
2024		+14.5%
2023		−5.0%
2022		−7.8%
2021		+33.0%
2020		+12.9%

CDC in the news

Filtered to CDC · US Dividend Index

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New ETFs
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Filings Digest
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Deep Dive
SCHD tracks 100 U.S. stocks selected for dividends and financial strength
Oct 26, 2026SCHD+0.34%
Head-to-Head
SCHD yields twice what VIG does. Over 10 years, VIG still leads.
Oct 22, 2026SCHD+0.34%

CDC Dividends

: 3.04%Last 12 months
Payout per share: $2.37Last 12 months

Last payment: $0.20 per share
Paid on: Oct 9, 2026
: Oct 8, 2026
Frequency: Monthly

Distribution history

2023–2026

Ex-date	Pay date	Amount per share
Oct 8, 2026	Oct 9, 2026	$0.20
Sep 9, 2026	Sep 10, 2026	$0.27
Aug 7, 2026	Aug 10, 2026	$0.13
Jul 9, 2026	Jul 10, 2026	$0.20
Jun 9, 2026	Jun 10, 2026	$0.28
May 8, 2026	May 11, 2026	$0.11
Apr 9, 2026	Apr 10, 2026	$0.21
Mar 10, 2026	Mar 11, 2026	$0.25
Feb 9, 2026	Feb 10, 2026	$0.14
Jan 8, 2026	Jan 9, 2026	$0.03
Dec 11, 2025	Dec 12, 2025	$0.45
Nov 7, 2025	Nov 10, 2025	$0.11

See all 148 payments⁠

$10,000 in CDC 10 years ago paid $4,780 in dividends.⁠

CDC Risk

Risk pillarA70Rank 11 of 53 in US Dividend Index

: 12.2%; Annualised · 36 months to Oct 2026; How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
: 0.92; vs 3-month T-bills · to Oct 2026; How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
: −21.4%; Trough Aug 2023; How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
: 0.34; vs its asset-class index; How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.

CDC Cost

Compare CDC and VIG

Overpaying vs VIG, cheapest in US Dividend Index

$6,277

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CDC 0.35%
$7,126
VIG 0.04% Cheapest
$849

Amount$10,000

Years30 years

Cost over time

CDC 0.35%
VIG 0.04%
Overpaying

Year by year

Year	CDC	VIG	Overpaying
10	$634	$73	$561
20	$2,454	$288	$2,166
30	$7,126	$849	$6,277

How the 0.35% is worked out

You pay 0.35%Waived by Victory Capital 0.02%

Full fee 0.37%− waiver 0.02%= you pay 0.35%

The waiver ends Oct 31, 2027. After that the fee is 0.37% unless Victory Capital renews it. Source: prospectus, Oct 2026.

Other funds in US Dividend Index

BUDIVFranklin U.S. Core Dividend Tilt Index ETFExpense ratio 0.06%1 year return +15.5%
BDVYiShares Select Dividend ETFExpense ratio 0.38%1 year return +21.0%
BCDLVictoryShares US Large Cap High Div Volatility Wtd ETFExpense ratio 0.35%1 year return +23.4%
BSDOGALPS Sector Dividend Dogs ETFExpense ratio 0.36%1 year return +29.3%
BXUDVFranklin US Dividend Booster Index ETFExpense ratio 0.09%1 year return +30.9%

See others

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Cost

Mission

Risk

Tradability

Holdings

Durability