Victory Nasdaq-100 Index Fund
U.S. stock index fund · tracks Nasdaq-100 Index
As of its 2026 Q2 report, Victory Nasdaq-100 Index Fund held 106 positions with $8.85B in net assets. Its ten largest holdings made up 46.5% of the fund. The USNQX share class costs 0.42% a year. Over the 12 months to May 2026, USNQX returned 42.6%, with dividends reinvested. In 2026 Q3 it added 10 new positions and exited 8.
The Victory Nasdaq-100 Index Fund Fund (the Fund) seeks to match, before fees and expenses, the performance of the stocks composing the Nasdaq-100 Index 1 . The Nasdaq-100 Index (the Index) represents 100 of the largest nonfinancial stocks traded on The Nasdaq Stock Market . 1 Nasdaq-100 , Nasdaq-100 Index , and Nasdaq are trade or service marks of The Nasdaq Stock Market, Inc. (which with its affiliates are the Corporations) and have been licensed for our use.
The fund invests in all or substantially all of the common stocks composing the Nasdaq-100 Index, holding them in roughly the same proportions as their weightings in the index, with the goal of matching the index's performance before fees and expenses. The Nasdaq-100 Index comprises 100 of the largest nonfinancial companies traded on The Nasdaq Stock Market. Because the fund is non-diversified and expects to hold a larger portion of its assets in a smaller number of issuers, performance will move with the concentration of those holdings. The fund's investments are more focused in technology sectors, consistent with the index composition.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
8.52% | $754.21M | 3.8M | $199.57 | |
AAPLAPPLE INC. | 7.00% | $619.55M | 2.3M | $271.35 |
5.32% | $470.92M | 1.2M | $407.78 | |
AMZNAMAZON.COM, INC. | 5.00% | $442.52M | 1.7M | $265.06 |
GOOGLALPHABET INC. | 3.94% | $348.42M | 905.4K | $384.80 |
GOOGALPHABET INC. | 3.65% | $323.02M | 845.7K | $381.94 |
AVGOBROADCOM INC. | 3.48% | $307.80M | 737.4K | $417.43 |
TSLATESLA, INC. | 3.35% | $296.23M | 776.2K | $381.63 |
3.17% | $280.68M | 458.7K | $611.91 | |
WMTWALMART INC. | 3.13% | $276.83M | 2.1M | $131.93 |
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 106 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 | 98.58% |
| Other | 1.08% |
| Derivatives | 0.04% |
| Cash & short-term | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 56.9%
- Communication Services
- 12.6%
- Consumer Discretionary
- 10.8%
- Consumer Staples
- 6.3%
- 8 other sectors
- 13.5%
- Information Technology
- 56.9%
- Communication Services
- 12.6%
- Consumer Discretionary
- 10.8%
- Consumer Staples
- 6.3%
- Health Care
- 3.7%
- Industrials
- 3.3%
- International
- 2.2%
- Cash
- 1.3%
- Utilities
- 1.2%
- Materials
- 1.0%
- Energy
- 0.5%
- Financials
- 0.2%
How it has done
USNQX share class · total returns with dividends reinvested
Volatility over the last 12 months: 20.07%. 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 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.42% | +42.58% | +115.12% | +125.62% | -10.17% | |
| 0.29% | +42.76% | +115.99% | +127.07% | -10.14% | |
| 0.70% | +42.15% | +113.30% | +122.61% | -10.21% | |
| 0.43% | +42.54% | +115.02% | +125.55% | -10.17% | |
| 1.45% | +41.12% | +108.64% | +114.44% | -10.32% |
These classes hold the same portfolio, so the 12.62pp spread over 5 years is the cost difference between them — roughly 2.52pp a year — not a difference in what they own.
Fees & fund details
Victory Nasdaq-100 Index Fund is a U.S. equity index fund that tracks the Nasdaq-100 Index. 26% of USNQX’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
- Index (passive)
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.29% – 1.45%· USNQX 0.42%
- Portfolio turnover
- 8.00% 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.
10 new· the largest 8
8 exited
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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