CSB: VICTORYSHARES US SMALL CAP HIGH DIV VOLATILITY WTD ETF
What this ETF is trying to do
The VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) focuses on small-company stocks in the US that pay high dividends. It uses a "volatility weighted" approach to manage its holdings. As of October 4, 2026, the fund held 101 different companies.
Top Holdings
Because the holdings list is partial, we only see the largest companies. Some of the top holdings include:
• American States Water Co (1.83%)
• Idacorp Inc (1.76%)
• New Jersey Resources Corp (1.69%)
• Southwest Gas Holdings Inc (1.62%)
• One Gas Inc (1.59%)
What the numbers show
As of October 9, 2026, the share price was $61.87. To understand how the fund has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes the share price change plus distributions).
• Year-to-Date (YTD): The price return is 5.55%, while the total return is 8.11%.
• One Year: The price return is 6.61%, while the total return is 10.20%.
• Three Year: The price return is 27.27%, while the total return is 41.68%.
For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($58.03), the price-only growth would have resulted in a gain of approximately 6.61%.
Income and distribution explanation
This ETF is designed to provide regular cash payments to investors. It usually pays distributions monthly and has made 13 payments in the last 12 months.
The distribution yield is approximately 3.71%. It is important for beginners to know that a high yield alone can be misleading. A yield tells you how much cash the fund pays out relative to its price, but it does not guarantee that the total value of your investment will grow.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. Investors who want steady income care about principal stability because they don't want their initial investment to shrink while they collect payments.
For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." The severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.
Pros
• Positive price and total returns over the short and long term.
• Consistent monthly distribution history.
• No severe erosion-risk flags detected.
Cons
• Small-cap stocks can be more volatile than large companies.
• The distribution yield is relatively modest compared to some specialized income funds.
Beginner takeaway
CSB is a fund that combines small-cap stocks with a focus on dividends. It has shown growth in both its share price and its total return over the last three years. While it provides regular monthly income, investors should always look at the total return rather than just the distribution yield to see the full picture.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | INGREDION INC | INGR | 1.69% |
| 2 | IDACORP INC | IDA | 1.65% |
| 3 | SOUTHWEST GAS HOLDINGS INC | SWX | 1.65% |
| 4 | NEW JERSEY RESOURCES CORP | NJR | 1.64% |
| 5 | ONE GAS INC | OGS | 1.58% |
| 6 | AVISTA CORP | AVA | 1.55% |
| 7 | CHESAPEAKE UTILITIES CORP | CPK | 1.54% |
| 8 | MDU RESOURCES GROUP INC | MDU | 1.53% |
| 9 | SPIRE INC | SR | 1.53% |
| 10 | PORTLAND GENERAL ELECTRIC CO | POR | 1.52% |