VictoryShares US Value Momentum ETF
VictoryShares US Value Momentum ETF (NASDAQ: ULVM) is an exchange-traded fund listed on NASDAQ, trading at $107.89 (about ₹10,173 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.24% and holds 127 securities. Indian residents can buy ULVM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$107.04
Today's high
$108.33
52 week low
$88.01
52 week high
$111.41
ULVM opened at $108.25, closed previously at $107.93, and has traded between $88.01 and $111.41 over the past 52 weeks.
About
ULVM tracks a multifactor index of US large-cap companies selected by equal parts value and momentum, with final weights determined by volatility. The starting universe comprises the components of the parent index, the Nasdaq US Large Cap 500 Index. Eligible US large-cap stocks are assigned value and momentum scores that are standardized by sector. Value scores are derived from price-to-earnings, price-to-book value, and enterprise value-to-operating cash flow ratios, while momentum scores are derived from price trends over the last six and twelve months. The index selects the top 25% of securities, and weights them by volatilityless volatile securities receive higher weighting. The index rebalances and reconstitutes quarterly. Prior to November 1, 2022, the fund name was VictoryShares USAA MSCI USA Value Momentum ETF, and tracked the MSCI USA Select Value Momentum Blend Index.
Key statistics
Expense ratio
0.24%
Assets (AUM)
$269.2M
Holdings
127
NAV
$107.69
Avg. volume
2.12K
1-year price change
+19.95%
5-year price change
+52.71%
Price change excludes dividends.
Top 10 holdings
ULVM holds 127 securities in total. These 10 are 14.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy ULVM from India
Indian residents can buy ULVM units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in ULVM from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search ULVM and buy
Find the fund by its ticker, ULVM, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your ULVM position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying ULVM from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the ULVM price today?
VictoryShares US Value Momentum ETF (ULVM) last traded at $107.89 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹10,173 a unit at the 13 Nov 2026 USD/INR rate.
When does ULVM trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is ULVM, and what does it cost to hold?
VictoryShares US Value Momentum ETF manages about $269.2M. Its expense ratio is 0.24% a year, deducted inside the fund. It launched in 2017.
What are ULVM's largest holdings?
The top three are BERKSHIRE HATHAWAY INC B (1.8%), EVERGY INC (1.5%) and CONSOLIDATED EDISON INC. (1.5%). ULVM's 10 largest positions make up 14.6% of the fund.
Does ULVM pay dividends?
Yes. ULVM is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on ULVM taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of ULVM?
Yes. You can buy ULVM by amount rather than by whole unit, and there is no minimum trade size.
How has ULVM performed?
ULVM's price is up 19.9% over the past year and up 52.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.