Victory Growth & Income Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Victory Growth & Income Fund held 437 positions with $2.21B in net assets. Its ten largest holdings made up 24.6% of the fund. The USGRX share class costs 0.86% a year. Over the 12 months to May 2026, USGRX returned 26.1%, with dividends reinvested. In 2026 Q3 it added 50 new positions and exited 43.
The Victory Growth & Income Fund (the Fund) seeks capital growth with a secondary investment objective of current income .
The fund invests in equity securities selected for total return potential through a combination of capital growth and income, using two complementary approaches: one manager focuses on companies with attractive growth prospects while the other seeks dividend-paying companies with quality and value characteristics. The fund may allocate up to 20% of assets to foreign securities, including emerging markets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
4.50% | $99.52M | 498.7K | $199.57 | |
AAPLAPPLE INC. | 3.42% | $75.47M | 278.1K | $271.35 |
GOOGALPHABET INC. | 2.75% | $60.74M | 159.0K | $381.94 |
2.73% | $60.31M | 147.9K | $407.78 | |
2.62% | $57.80M | 184.5K | $313.23 | |
GOOGLALPHABET INC. | 2.10% | $46.37M | 120.5K | $384.80 |
AVGOBROADCOM INC. | 1.78% | $39.41M | 94.4K | $417.43 |
1.74% | $38.35M | 62.7K | $611.91 | |
AMZNAMAZON.COM, INC. | 1.71% | $37.83M | 142.7K | $265.06 |
1.25% | $27.67M | 120.4K | $229.85 |
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 437 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 | 99.04% |
| Other | 0.35% |
| Cash & short-term | 0.01% |
By sector
- Information Technology
- 27.3%
- Financials
- 18.2%
- Health Care
- 13.7%
- Industrials
- 9.4%
- 10 other sectors
- 31.4%
- Information Technology
- 27.3%
- Financials
- 18.2%
- Health Care
- 13.7%
- Industrials
- 9.4%
- Communication Services
- 7.5%
- Consumer Discretionary
- 7.3%
- Consumer Staples
- 3.7%
- Energy
- 3.6%
- Utilities
- 3.5%
- Materials
- 3.3%
- Real Estate
- 2.0%
- International
- 0.4%
- Cash
- 0.1%
- Other
- 0.0%
How it has done
USGRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.82%. 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 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.86% | +26.06% | +79.98% | +78.40% | -7.89% | |
| 0.93% | +26.10% | +79.64% | +80.45% | -7.83% | |
| — | — | — | — | — |
Fees & fund details
Victory Growth & Income Fund is an actively managed U.S. equity fund. 14% of USGRX’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
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.86% – 0.93%· USGRX 0.86%
- Portfolio turnover
- 61.00% 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.
50 new· the largest 8
43 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.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — USGRX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”