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Launched · SEC filings

VictoryShares WestEnd Global Equity ETF

GLOWNasdaqVictory CapitalC

$34.17−0.03 (−0.09%)

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

C54/ 100

Rank 20 of 44 in Global Active Equity

C54/100Rank 20 of 44inGlobal Active Equity
Intraday session: down, 78 prints from 34.20 to 34.17. Range 34.17 to 34.54. Use the arrow keys to read each point.34.3034.4034.5010 AM12 PM2 PM4 PM
Expense ratio
0.74%*
Fund size
$77M
1Y total return
+12.8%
Yield · Last 12 months
1.14%
Holdings
15
Avg volume · 30D
12.1K sh
52W range
low $29.27high $35.58
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Oct 31, 2027. Without it: 0.88%.

The ETF.net GLOW Grade

C

Score 54 out of 100

Category
Global Active Equity⁠
Rank
20 of 44
Six-pillar profile for GLOW. Scores out of 100: Cost 44, Risk 64, Mission 77, Tradability 78, Holdings 39, Durability 53. Strongest: Tradability (78). Weakest: Holdings (39). Leans toward Tradability and Mission.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C44 out of 100
    Rank 25 of 44

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 4 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B64 out of 100
    Rank 11 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 5 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 34 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 25 of 44

Our read on GLOW

ETF.net Research

In short

CAn actively managed, one-ticket global stock fund from Victory Capital's WestEnd team: US and overseas, developed and emerging, in a single line item. The trade-off is the price tag, 2.01% a year, near the top of the global-equity aisle.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • One holding covers the world map. The prospectus mandate spans issuers outside the US across developed and emerging regions, with long-term capital appreciation as the stated goal.
  • The portfolio has stayed close to the global, all-equity mandate its prospectus describes, so the label matches what you actually own.
  • Human stock-picking rather than an index, run by Victory Capital's WestEnd team since the June 2024 launch, with cash paid out quarterly.

Worth knowing

  • The fee is the headline: 2.01% a year, against 0.15% at GSWO and 0.25% at AVGE. That gap comes out of the fund's return every year, in every market.
  • Thinly traded on a modest asset base, so spreads can widen at the open and close. Limit orders matter more here than with the giants of the category.
  • Launched in 2024, so the risk record is short and covers only one stretch of market weather. Not much history to judge the process by yet.

GLOW Holdings

Holdings pillarD39 out of 100Rank 34 of 44 in Global Active Equity
Asset class
Stocks
Holdings
15
Top-10 weight
88%
Largest holding
XLK16.6%

Sectors

  • Technology27.8%
  • Financials20.3%
  • Health Care16.0%
  • Industrials8.4%
  • Communication8.0%
  • Consumer Discretionary6.3%
  • Materials4.7%
  • Utilities3.9%
  • Consumer Staples2.0%
  • Energy1.7%
  • Real Estate0.9%

Geography

  • United States70.52%
  • United Kingdom4.41%
  • Japan3.28%
  • Switzerland3.07%
  • Germany2.54%
  • France2.41%
  • Netherlands1.72%
  • South Korea1.38%
  • Other countries (33)10.67%

Developed 84% · Emerging 16% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1XLKState Street Technology16.63%71,674$12.9M38
2IEURIshares Core Msci Europe15.08%156,795$11.7M3
3VEUVanguard Ftse All-World E12.15%116,666$9.4M5
4XLVState Street Health Care8.87%37,114$6.86M33
5XLCState Street Communicatio8.81%68,215$6.81M27
6XLUState Street Utilities7.17%127,657$5.54M24
7XLFState Street Financial6.86%93,858$5.3M28
8IJRIshares Core S&P Sm-Cap5.17%28,482$4M14
9XLBState Street Materials SE3.52%51,621$2.72M22
10XLYState Street Consumer Dis3.46%23,223$2.68M25
11IBBIshares Nasdaq Biotechno3.38%12,010$2.61M6
12IYTIshares U.s. Transportati3.37%31,898$2.6M3
13IGMIshares Expd Tech Sct Etf2.97%15,071$2.3M2
14VPLVanguard Ftse Pacific Etf2.36%16,780$1.82M5
15No dataCash and Cash Equivalents0.21%158,879$159K123

Showing 1–15 of 15 holdings

GLOW Performance

Launched Jun 20, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GLOW$11,275
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GLOW $11,275. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GLOW. Periods over one year show the average yearly return.
PeriodGLOW
Year to date+11.5%
1 month−0.6%
3 months+0.2%
1 year+12.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GLOW
YearReturn barGLOW
2026 YTD+11.5%
2025+21.3%
2024+4.4%

History from Jun 21, 2024

GLOW in the news

GLOW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.14%Last 12 months
Payout per share
$0.39Last 12 months
Last payment
$0.0074 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 12 payments from 2024 to 2026 YTD. Jul 10, 2024 $0.09; Oct 8, 2024 $0.06; Dec 12, 2024 $0.15; Jan 8, 2025 $0.0066; Apr 10, 2025 $0.05; Jul 10, 2025 $0.10; Oct 9, 2025 $0.04; Dec 11, 2025 $0.17; Dec 30, 2025 $0.05; Apr 9, 2026 $0.03; Jul 9, 2026 $0.14; Oct 8, 2026 $0.0074. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 8, 2026Oct 9, 2026$0.0074
Jul 9, 2026Jul 10, 2026$0.14
Apr 9, 2026Apr 10, 2026$0.03
Dec 30, 2025Dec 31, 2025$0.05
Dec 11, 2025Dec 12, 2025$0.17
Oct 9, 2025Oct 10, 2025$0.04
Jul 10, 2025Jul 11, 2025$0.10
Apr 10, 2025Apr 11, 2025$0.05
Jan 8, 2025Jan 9, 2025$0.0066
Dec 12, 2024Dec 13, 2024$0.15
Oct 8, 2024Oct 9, 2024$0.06
Jul 10, 2024Jul 11, 2024$0.09

$10,000 in GLOW 1 year ago paid $127 in dividends.

GLOW Risk

Risk pillarB64 out of 100Rank 11 of 42 in Global Active Equity
How much the fund’s monthly returns vary, scaled to a year.
10.7%
Annualised · 28 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.

Return above 3-month US Treasury bills per unit of volatility.
1.04
vs 3-month T-bills · 28 months 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.

The largest fall from a peak to the low that followed.
−15.6%
28 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.84
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.

GLOW Cost

Compare GLOW and AVTM

Overpaying vs AVTM, cheapest in Global Active Equity

$9,749

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

  • GLOW 0.74%

    $14,307

  • AVTM 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • GLOW 0.74%
  • AVTM 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GLOW $14,307AVTM $4,558

Year by year

YearGLOWAVTMOverpaying
10$1,319$401$918
20$5,015$1,561$3,454
30$14,307$4,558$9,749
How the 0.74% is worked out

Full fee 0.88%− waiver 0.14%= you pay 0.74%

The waiver ends Oct 31, 2027. After that the fee is 0.88% unless Victory Capital renews it. Source: prospectus, Oct 2026.

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