Victory 500 Index Fund
Victory Portfolios III · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Victory 500 Index Fund is a U.S. equity index fund that tracks the Victory US Large Cap 500 Index. 21% of USSPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
The Victory 500 Index Fund (the Fund) seeks to match, before fees and expenses, the performance of the stocks composing the Victory US Large Cap 500 Index (the Index). The Index emphasizes stocks of large U.S. companies.
The fund tracks the Victory US Large Cap 500 Index, a market-cap-weighted index of the largest 500 U.S. companies, by holding stocks in approximately the same weightings as the Index. The fund may exclude stocks it deems illiquid or impaired by extraordinary events, which could cause its performance to diverge from the Index.
| Share class | Gross | Net |
|---|---|---|
| USSPX | 0.23% | 0.23% |
| USPRX | 0.19% | 0.15% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 2.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.75% |
| Cash & short-term | 0.10% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 34.7% |
| Financials | 12.1% |
| Communication Services | 11.2% |
| Consumer Discretionary | 9.7% |
| 10 smaller | 32.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
New: S P 500 EMINI FUTURE JUN26, HOLOGIC INC CVR
Exited: EXACT SCIENCES CORPORATION, HOLOGIC, INC., S P 500 EMINI FUTURE MAR26
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +30.81% | +80.78% | +82.39% | 13.50% | -8.26% | |
| +30.90% | +81.24% | +83.29% | 13.50% | -8.25% |
These classes hold the same portfolio, so the 0.89pp spread over 5 years is the cost difference between them — roughly 0.18pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATIONNVDA | 7.48% | $199.57 | $1.12B | 5.6M |
| AAPL | APPLE INC.AAPL | 6.38% | $271.35 | $952.27M | 3.5M |
| MSFT | MICROSOFT CORPORATIONMSFT | 4.78% | $407.78 | $713.62M | 1.8M |
| AMZN | AMAZON.COM, INC.AMZN | 4.13% | $265.06 | $617.02M | 2.3M |
| GOOGL | ALPHABET INC.GOOGL | 3.58% | $384.80 | $534.22M | 1.4M |
| AVGO | BROADCOM INC.AVGO | 3.11% | $417.43 | $463.63M | 1.1M |
| GOOG | ALPHABET INC.GOOG | 3.09% | $381.94 | $461.46M | 1.2M |
| META | META PLATFORMS, INC.META | 2.14% | $611.91 | $319.69M | 522.5K |
| TSLA | TESLA, INC.TSLA | 1.72% | $381.63 | $257.06M | 673.6K |
| JPM | JPMORGAN CHASE & CO.JPM | 1.35% | $313.23 | $201.24M | 642.5K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 37.76% of net assets, top 25 50.19%, across 504 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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