Victory Income Stock Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Victory Income Stock Fund held 144 positions with $2.68B in net assets. Its ten largest holdings made up 20.5% of the fund. The USISX share class costs 0.75% a year. Over the 12 months to May 2026, USISX returned 25.0%, with dividends reinvested. In 2026 Q3 it added 17 new positions and exited 12.
The Victory Income Stock Fund (the Fund) seeks current income with the prospect of increasing dividend income and the potential for capital appreciation.
The fund invests at least 65% of assets in dividend-paying stocks and targets a dividend yield at or above the Russell 1000 Value Index over time. It may hold up to 20% in foreign securities and write covered call options to generate additional income. The fund's returns will depend on the performance of its dividend stock selections relative to the benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.92% | $105.09M | 335.5K | $313.23 | |
2.09% | $55.99M | 221.7K | $252.58 | |
2.08% | $55.85M | 768.7K | $72.65 | |
2.02% | $54.08M | 384.7K | $140.57 | |
1.97% | $52.90M | 578.1K | $91.50 | |
1.85% | $49.53M | 453.7K | $109.18 | |
1.81% | $48.44M | 210.7K | $229.85 | |
1.63% | $43.71M | 243.4K | $179.58 | |
1.56% | $41.86M | 197.5K | $211.94 | |
1.54% | $41.39M | 166.7K | $248.29 |
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.
All 144 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 | 99.67% |
By sector
- Financials
- 21.0%
- Information Technology
- 15.4%
- Health Care
- 13.2%
- Industrials
- 13.2%
- 7 other sectors
- 37.2%
- Financials
- 21.0%
- Information Technology
- 15.4%
- Health Care
- 13.2%
- Industrials
- 13.2%
- Consumer Discretionary
- 7.6%
- Consumer Staples
- 6.8%
- Energy
- 6.7%
- Utilities
- 4.3%
- Communication Services
- 4.2%
- Materials
- 3.9%
- Real Estate
- 3.8%
How it has done
USISX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.66%. 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 |
|---|---|---|---|---|---|
| 0.75% | +25.03% | +66.95% | +67.78% | -8.43% | |
| 0.76% | +25.04% | +66.99% | +67.84% | -8.40% |
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.
Fees & fund details
Victory Income Stock Fund is an actively managed U.S. equity fund. 3% of USISX’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
- Expense ratio, by class
- 0.75% – 0.76%· USISX 0.75%
- Portfolio turnover
- 76.00% a year · as of 2025 Q3
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.
17 new· the largest 8
12 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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