Victory Aggressive Growth Fund
Victory Portfolios III · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Victory Aggressive Growth Fund is an actively managed U.S. equity fund. 44% of USAUX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 99% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
The Victory Aggressive Growth Fund (the Fund) seeks capital appreciation.
The fund invests in large-capitalization equity securities selected by the Adviser's internal investment teams using fundamental analysis to identify companies expected to deliver superior long-term returns. Up to 20% of assets may be allocated to foreign securities, including those of emerging-market issuers. Returns depend on the security selections made by the fund's managers.
| Share class | Gross | Net |
|---|---|---|
| USAUX | 0.64% | 0.64% |
| UIAGX | 0.87% | 0.71% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 30.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.37% |
| Other | 3.38% |
| Cash & short-term | 0.05% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 45.5% |
| Communication Services | 14.6% |
| Consumer Discretionary | 10.7% |
| Industrials | 10.1% |
| 8 smaller | 19.1% |
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
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 |
|---|---|---|---|---|---|
| +29.42% | +100.87% | +69.47% | 18.82% | -13.09% | |
| +29.29% | +100.57% | +69.42% | 18.83% | -13.09% |
These classes hold the same portfolio, so the 0.06pp spread over 5 years is the cost difference between them — roughly 0.01pp 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 | 13.72% | $199.57 | $364.37M | 1.8M |
| GOOG | ALPHABET INC.GOOG | 7.74% | $381.94 | $205.60M | 538.3K |
| AVGO | BROADCOM INC.AVGO | 6.72% | $417.43 | $178.50M | 427.6K |
| AAPL | APPLE INC.AAPL | 5.21% | $271.35 | $138.42M | 510.1K |
| MSFT | MICROSOFT CORPORATIONMSFT | 4.98% | $407.78 | $132.30M | 324.4K |
| META | META PLATFORMS, INC.META | 4.13% | $611.91 | $109.67M | 179.2K |
| AMZN | AMAZON.COM, INC.AMZN | 3.77% | $265.06 | $100.14M | 377.8K |
| V | VISA INC.V | 2.81% | $329.84 | $74.73M | 226.6K |
| LLY | ELI LILLY AND COMPANYLLY | 1.97% | $934.60 | $52.45M | 56.1K |
| NFLX | NETFLIX, INC.NFLX | 1.85% | $93.61 | $49.28M | 526.5K |
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 52.91% of net assets, top 25 73.01%, across 121 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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