The VictoryShares ETF keeps its 3.6% yield intact despite higher Treasury rates pressuring income-focused equities.
VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) paid $2.29 per share in 2025, maintaining its annual dividend amid rising Treasury yields. The fund’s $76 share price reflects a 3.6% yield, now competing with risk-free rates.
CDL’s portfolio targets low-volatility, large-cap U.S. dividend payers, favoring regulated utilities and mega-cap tech. The fund avoids leverage and options, relying solely on underlying stock dividends for payouts. This structure ensures stability but limits upside as Treasury yields attract income investors.
While higher yields cap share-price gains, analysts note the dividend stream remains secure due to state-approved returns and low payout ratios in its holdings.