Victory International Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Victory International Fund held 437 positions with $2.49B in net assets. Its ten largest holdings made up 15.0% of the fund. The USIFX share class costs 1.07% a year. Over the 12 months to May 2026, USIFX returned 27.3%, with dividends reinvested. In 2026 Q2 it added 51 new positions and exited 34.
The Victory International Fund (the Fund) seeks capital appreciation.
The fund invests at least 80% of its assets in equity securities of foreign companies across multiple countries, using a combination of quantitative screening—which evaluates valuation, momentum, earnings quality, and other factors—and fundamental analysis of individual issuers' financial condition, competitive position, and management. The fund may concentrate a significant portion of assets in a single country or region, and may hold mid- and small-cap securities. Because security selection depends on the manager's quantitative and fundamental assessments, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
ASML Holding N.V. | 2.56% | $63.76M | 39.4K | $1,616.80 |
Novartis AG | 1.71% | $42.59M | 283.1K | $150.46 |
Siemens Aktiengesellschaft | 1.54% | $38.31M | 122.2K | $313.51 |
SHELL PLC | 1.39% | $34.51M | 816.9K | $42.25 |
Roche Holding AG | 1.36% | $33.73M | 80.1K | $420.88 |
ING Groep N.V. | 1.34% | $33.28M | 1.1M | $30.97 |
Allianz SE | 1.33% | $33.09M | 74.7K | $443.12 |
BHP GROUP LIMITED | 1.33% | $33.00M | 741.4K | $44.51 |
Mizuho Financial Group, Inc. | 1.26% | $31.32M | 696.8K | $44.95 |
TOYOTA MOTOR CORPORATION | 1.19% | $29.67M | 1.6M | $18.92 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — 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 | 95.66% |
| Other | 2.50% |
| Cash & short-term | 1.66% |
How it has done
USIFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.17%. Past returns are a record, not a forecast.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.07% | +27.30% | +75.11% | +56.73% | -9.21% | |
| 1.00% | +27.34% | +75.44% | +57.24% | -9.21% | |
| 0.86% | +27.52% | +76.14% | +60.02% | -9.14% | |
| — | — | — | — | — |
Fees & fund details
Victory International Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.86% – 1.07%· USIFX 1.07%
- Portfolio turnover
- 42.00% a year · as of 2026 Q2
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.
51 new· the largest 8
34 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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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