Victory Growth Fund
Victory Portfolios III · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Victory Growth Fund is an actively managed U.S. equity fund. 29% of USAAX’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
Fund profile
As filed in the prospectus · 2025 Q3
The Victory Growth Fund (the Fund) seeks long-term growth of capital.
The fund invests in a diversified portfolio of equity securities selected by multiple managers for growth potential, with up to 20% of assets allocated to foreign securities including emerging markets. Because security selection depends on the managers' assessments of growth prospects, fund holdings will differ from any benchmark.
| Share class | Gross | Net |
|---|---|---|
| USAAX | 0.89% | 0.89% |
| UIGRX | 0.92% | 0.91% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 22.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.61% |
| Other | 2.71% |
| Cash & short-term | 0.08% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 39.7% |
| Communication Services | 19.5% |
| Consumer Discretionary | 13.5% |
| Industrials | 7.8% |
| 6 smaller | 19.6% |
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 |
|---|---|---|---|---|---|
| +26.80% | +90.58% | +69.50% | 18.24% | -12.51% | |
| +26.70% | +90.45% | +69.39% | 18.22% | -12.52% |
These classes hold the same portfolio, so the 0.10pp spread over 5 years is the cost difference between them — roughly 0.02pp 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 | 13.74% | $199.57 | $334.24M | 1.7M |
| MSFT | MICROSOFT CORPORATIONMSFT | 6.21% | $407.78 | $150.96M | 370.2K |
| AMZN | AMAZON.COM, INC.AMZN | 6.12% | $265.06 | $148.85M | 561.6K |
| META | META PLATFORMS, INC.META | 5.26% | $611.91 | $127.92M | 209.1K |
| GOOGL | ALPHABET INC.GOOGL | 5.07% | $384.80 | $123.28M | 320.4K |
| AAPL | APPLE INC.AAPL | 4.78% | $271.35 | $116.36M | 428.8K |
| GOOG | ALPHABET INC.GOOG | 4.21% | $381.94 | $102.42M | 268.2K |
| TSLA | TESLA, INC.TSLA | 4.08% | $381.63 | $99.31M | 260.2K |
| V | VISA INC.V | 3.81% | $329.84 | $92.75M | 281.2K |
| NFLX | NETFLIX, INC.NFLX | 3.28% | $93.61 | $79.77M | 852.1K |
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 56.57% of net assets, top 25 78.33%, across 80 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.
Sign in free