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Beacon

GLOWVictoryShares WestEnd Global Equity ETF

Grow my money1y track recordRanked #2,116 of 2,960 in this goal

Seeks to provide long-term capital appreciation.

By Victory Capital Management Inc. · Launched 2024

Annual Cost

0.72%

#3,574 of 5,562 · average

Fund Size

$56M

#3,462 of 5,562 · mid-size

Return (1Y)Goal

+27.7%

Track Record

1 year

#3,630 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,756+27.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 87.9% of fund✓ diversified through underlying funds

The Technology Select Sector SPDR Fund
14.7%
The Financial Select Sector SPDR Fund
13.4%
Vanguard FTSE All World ex US Index Fund Investor Shares
12.4%
Communication Services Select Sector SPDR Fund
10.0%
State Street Health Care Select Sector SPDR ETF
8.0%
Vanguard Pacific Stock Index Fund
7.4%
iShares MSCI Emerging Markets Asia ETF
7.3%
State Street Cons Staples Sel Sec SPDR Inc ETF
6.3%
iShares Core S&P Small-Cap ETF
5.1%
State Street Cons Disc Sel Sect SPDR Income ETF
3.3%

Asset allocation

Stocks
99.5%
Cash
0.5%
Other
0.0%

By sector

Technology
28.4%
Financial Services
19.0%
Healthcare
13.3%
Communication
11.3%
Industrials
8.5%
Consumer Cyclical
6.2%
Consumer Defensive
4.8%
Utilities
3.9%
Other
4.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.8%Moderate

Year-on-year price swings

Max drawdown
-15.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE American, NASDAQ Global Select Market

Full fund details

Objective
Seeks to provide long-term capital appreciation.
Strategy
Invests primarily in ETFs that hold equity securities, with at least 80% of assets in such ETFs. Typically allocates 40% to ETFs focused on non-U.S. issuers. The Adviser analyzes macroeconomic factors to select ETFs, focusing on regions and sectors expected to perform well.
Inception date
June 20, 2024
Fund family
Victory Capital Management Inc.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
97.2%
TE
2.7%
Beta
0.95
Fee
1× 0.50%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + high_r_squared+low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19