VictoryShares® Introduces Nasdaq Next 50 ETF

About this update from Victory Capital Holdings, Inc. Class A Common Stock

[{"type":"text","content":"\nOffers exposure to the next generation of innovators\n\n SAN ANTONIO--(BUSINESS WIRE)--\nVictory 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.\n\n\n“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.”\n\n\n“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.”\n\n\nThe 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.\n\n\nVictory 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 g...

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