Victory Income Stock Fund
Victory Portfolios III · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2025 Q3
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.
| Share class | Expense ratio |
|---|---|
| USISX | 0.75% |
| UIISX | 0.76% |
Portfolio turnover 76.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.67% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 20.1% |
| Industrials | 14.3% |
| Health Care | 13.2% |
| Information Technology | 10.3% |
| 7 smaller | 42.1% |
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 |
|---|---|---|---|---|---|
| +26.14% | +56.40% | +68.22% | 8.75% | -8.43% | |
| +26.08% | +56.43% | +68.19% | 8.75% | -8.40% |
These classes hold the same portfolio, so the 0.03pp 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 |
|---|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO.JPM | 3.92% | $313.23 | $105.09M | 335.5K |
| VLO | VALERO ENERGY CORPORATIONVLO | 2.09% | $252.58 | $55.99M | 221.7K |
| MO | Altria Group, Inc.MO | 2.08% | $72.65 | $55.85M | 768.7K |
| EOG | EOG RESOURCES, INC.EOG | 2.02% | $140.57 | $54.08M | 384.7K |
| CSCO | CISCO SYSTEMS, INC.CSCO | 1.97% | $91.50 | $52.90M | 578.1K |
| MRK | MERCK & CO., INC.MRK | 1.85% | $109.18 | $49.53M | 453.7K |
| JNJ | JOHNSON & JOHNSONJNJ | 1.81% | $229.85 | $48.44M | 210.7K |
| QCOM | QUALCOMM INCORPORATEDQCOM | 1.63% | $179.58 | $43.71M | 243.4K |
| ADP | AUTOMATIC DATA PROCESSING, INC.ADP | 1.56% | $211.94 | $41.86M | 197.5K |
| MPC | MARATHON PETROLEUM CORPORATIONMPC | 1.54% | $248.29 | $41.39M | 166.7K |
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 20.46% of net assets, top 25 40.25%, across 144 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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