Victory 500 Index Fund
U.S. stock index fund · tracks Victory US Large Cap 500 Index
As of its 2026 Q2 report, Victory 500 Index Fund held 513 positions with $14.93B in net assets. Its ten largest holdings made up 37.8% of the fund. The USSPX share class costs 0.23% a year. Over the 12 months to May 2026, USSPX returned 29.5%, with dividends reinvested. In 2026 Q3 it added 32 new positions and exited 30.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
7.48% | $1.12B | 5.6M | $199.57 | |
AAPLAPPLE INC. | 6.38% | $952.27M | 3.5M | $271.35 |
4.78% | $713.62M | 1.8M | $407.78 | |
AMZNAMAZON.COM, INC. | 4.13% | $617.02M | 2.3M | $265.06 |
GOOGLALPHABET INC. | 3.58% | $534.22M | 1.4M | $384.80 |
AVGOBROADCOM INC. | 3.11% | $463.63M | 1.1M | $417.43 |
GOOGALPHABET INC. | 3.09% | $461.46M | 1.2M | $381.94 |
2.14% | $319.69M | 522.5K | $611.91 | |
TSLATESLA, INC. | 1.72% | $257.06M | 673.6K | $381.63 |
1.35% | $201.24M | 642.5K | $313.23 |
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.
The 200 largest of 513 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.75% |
| Cash & short-term | 0.10% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 36.3%
- Financials
- 12.7%
- Communication Services
- 9.8%
- Health Care
- 9.2%
- 10 other sectors
- 31.9%
- Information Technology
- 36.3%
- Financials
- 12.7%
- Communication Services
- 9.8%
- Health Care
- 9.2%
- Consumer Discretionary
- 9.2%
- Industrials
- 9.0%
- Consumer Staples
- 4.6%
- Energy
- 3.4%
- Utilities
- 2.1%
- Real Estate
- 1.7%
- Materials
- 1.7%
- International
- 0.2%
- Cash
- 0.1%
- Other
- 0.0%
How it has done
USSPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.19%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.23% | +29.54% | +89.20% | +91.46% | -8.26% | |
| 0.15% | +29.64% | +89.71% | +92.40% | -8.25% |
These classes hold the same portfolio, so the 0.94pp spread over 5 years is the cost difference between them — roughly 0.19pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.15% – 0.23%· USSPX 0.23%
- Portfolio turnover
- 2.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
32 new· the largest 8
30 exited· the largest 8
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
Understand how this fund fits with the rest.
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