Victory Portfolios II VictoryShares Core Intermediate Bond ETF

UITB

Market cap $2.69B

The asset management landscape continues to evolve with Victory Capital Management affirming its fully financed, actionable proposal to acquire Janus Henderson Group, which rivals a previous bid from Trian Fund Management. If the proposal is accepted, this would result in a strategic merger, creating a powerhouse in both the ETF and mutual fund ecosystems.

Added 123,205 shares of VictoryShares USAA Core Intermediate-Term Bond ETF; estimated trade value $5.9 million (based on average prices in the fourth quarter of 2025). Quarter-end position value rose by $5.8 million, reflecting both trading and price movement.

New Hampshire-based Northeast Planning Associates added 120,572 UITB shares in the third quarter. The overall position value increased by about $5.80 million from the previous period.

It's been said it is the ETF year for active management, and the year for crypto ETFs, and the year for fixed income. All true, but there's still demand for smart-beta index-based equity ETFs.

Now may be the ideal time to prepare client portfolios for rate cuts. The Federal Reserve has confirmed it is closer to its first rate cut.