Victory Cornerstone Moderately Aggressive Fund

Victory Portfolios III · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:USCRX
$3.06B NAV
410 positions · as of 2026-05-31 · filed 2026-07-27

Fund classification

Classified from what the fund holds · as of 2026 Q2

Victory Cornerstone Moderately Aggressive Fund is an actively managed U.S. equity fund. 22% of USCRX’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 · 2026 Q2

The Victory Cornerstone Moderately Aggressive Fund (the Fund) seeks capital appreciation with a secondary focus on current income.

Strategy · summarised

The fund targets a 60% equity, 40% fixed-income allocation, actively adjusted by its manager using security selection, quantitative strategies, and holdings in underlying mutual funds and ETFs. The portfolio spans domestic and foreign equities, investment-grade and high-yield bonds, REITs, commodity-linked investments, and derivatives including futures and options. Because actual allocations deviate from targets as market conditions warrant, the fund's exposure to equity risk, credit risk, and other asset classes will fluctuate over time.

Expenses
1.08%one share class
Share classGrossNet
USCRX1.18%1.08%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 79.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.13%
of net assets
Other71.83%
Stocks26.85%
Cash & short-term3.45%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Other70.3%
Information Technology9.1%
Cash3.4%
Financials3.1%
10 smaller14.1%

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

Revenue growth
22%of stock holdings in top-quartile growers
covering 99% of the fund’s equity
Earnings growth
28%of stock holdings in top-quartile growers
covering 92% of the fund’s equity

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

2026Q2 vs 2026Q1: 53 new49 exited

Largest new: AVGO, MU, SNDK, DVN, AMAT, VRT, PCG, ITW

Largest exited: Vanguard European Stock Index Fund, Invesco RAFI Developed Mkts ex-US ETF, PLTR, iShares Russell 1000 Growth, iShares 0-5 Year TIPS Bond ETF, EBAY, AXP, COF

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+21.47%
3-year
+41.93%
5-year
+35.96%
Volatility
8.21%
Worst 3-yr fall
-7.22%
Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

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

Interest-rate duration
0.01 yr
approx. move per 100bp
Credit-spread duration
Not disclosed

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
VictoryShares Core Intermediate Bond ETF12.87%$393.73M
VictoryShares Core Plus Bd ETF9.90%$302.97M
Vanguard Tax Managed Fund FTSE Developed Markets ETF4.21%$128.69M
VictoryShares Free Cash Flow Growth ETF3.88%$118.57M
VictoryShares International Free Cash Flow Gr ETF3.69%$112.81M
iShares Trust - iShares Russell 1000 Value ETF3.18%$97.19M
Schwab Fundamental Intl Equity ETF3.13%$95.64M
VictoryShares International Free Cash Flow ETF2.99%$91.63M
Vanguard Total Stock Market Index Fund2.52%$77.23M
iShares Core US Aggregate Bond ETF2.47%$75.49M
Showing 10 of 410Sign in to see more

Top 10 positions are 48.82% of net assets, top 25 73.09%, across 409 issuers.

See more of this fund's book

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