Victory Sycamore Established Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Victory Sycamore Established Value Fund held 78 positions with $15.44B in net assets. Its ten largest holdings made up 20.8% of the fund. The VETAX share class costs 0.89% a year. Over the 12 months to May 2026, VETAX returned 15.5%, with dividends reinvested. In 2026 Q2 it added 11 new positions and exited 11.
The Victory Sycamore Established Value Fund (the Fund) seeks to provide long-term capital growth by investing primarily in common stocks.
The fund invests primarily in common stocks of midcap companies, targeting those with market capitalizations between approximately $1.1 billion and $127.6 billion as represented in the Russell Midcap Value Index. The strategy emphasizes value characteristics within that market-cap range to pursue long-term capital growth.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
2.62% | $404.60M | 1.4M | $280.00 | |
2.34% | $361.45M | 3.5M | $102.25 | |
2.13% | $328.18M | 1.4M | $228.70 | |
2.10% | $324.23M | 4.3M | $76.29 | |
1.99% | $307.80M | 3.4M | $91.20 | |
1.98% | $306.19M | 1.3M | $238.28 | |
1.95% | $301.22M | 2.7M | $111.15 | |
1.93% | $297.56M | 850.0K | $350.07 | |
1.88% | $289.95M | 5.8M | $49.82 | |
1.86% | $287.76M | 550.0K | $523.20 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 78 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 | 97.81% |
| Cash & short-term | 0.11% |
By sector
- Industrials
- 24.4%
- Consumer Discretionary
- 12.9%
- Information Technology
- 11.9%
- Materials
- 10.4%
- 7 other sectors
- 40.4%
- Industrials
- 24.4%
- Consumer Discretionary
- 12.9%
- Information Technology
- 11.9%
- Materials
- 10.4%
- Health Care
- 9.0%
- Financials
- 7.7%
- Energy
- 6.8%
- Real Estate
- 6.2%
- Utilities
- 5.7%
- Consumer Staples
- 4.9%
- Cash
- 0.1%
How it has done
VETAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.63%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.89% | +15.53% | +40.97% | +38.22% | -12.07% | |
| 1.09% | +15.31% | +40.11% | +36.84% | -12.18% | |
| 0.58% | +15.89% | +42.26% | +40.40% | -11.97% | |
| 0.66% | +15.81% | +41.96% | +39.96% | -12.02% | |
| 0.54% | +15.96% | +42.51% | +40.74% | -11.96% | |
| 1.70% | +14.46% | +37.41% | +32.69% | -12.40% |
These classes hold the same portfolio, so the 8.05pp spread over 5 years is the cost difference between them — roughly 1.61pp a year — not a difference in what they own.
Fees & fund details
Victory Sycamore Established Value Fund is an actively managed U.S. equity fund. 6% of VETAX’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
- 0.54% – 1.70%· VETAX 0.89%
- Portfolio turnover
- 45.00% a year · as of 2025 Q4
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.
11 new· the largest 8
11 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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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