Investment objective & strategy
As of Oct. 24, 2025 · prospectusObjective. The Victory Integrity Mid-Cap Value Fund (the Fund) seeks to provide capital appreciation.
Strategy. The Adviser pursues the Funds investment objective by investing, under normal circumstances, at least 80% of the Funds assets in equity securities of mid-capitalization companies. Mid-capitalization companies are those companies with market capitalizations at the time of purchase within the range of companies included in the Russell Midcap Index ($1.1 billion to $127.6 billion as of September 30, 2025). The size of companies in the index changes with market conditions and the composition of the index. The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). When selecting securities for a Fund, the Adviser seeks out companies that appear to be undervalued according … The Adviser pursues the Funds investment objective by investing, under normal circumstances, at least 80% of the Funds assets in equity securities of mid-capitalization companies. Mid-capitalization companies are those companies with market capitalizations at the time of purchase within the range of companies included in the Russell Midcap Index ($1.1 billion to $127.6 billion as of September 30, 2025). The size of companies in the index changes with market conditions and the composition of the index. The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). When selecting securities for a Fund, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser employs a value-oriented approach that focuses on securities that offer value with improving investor sentiment. From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the industrials sector.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BAKER HUGHES CO | — | $4.86M | 1.45% |
| VALERO ENERGY CORP | — | $4.71M | 1.40% |
| ROSS STORES INC | — | $4.61M | 1.37% |
| XCEL ENERGY INC | — | $4.51M | 1.34% |
| FIFTH THIRD BANCORP | — | $4.40M | 1.31% |
| DEVON ENERGY CORP | — | $4.32M | 1.28% |
| AMETEK INC NEW | — | $4.31M | 1.28% |
| M&T BANK CORP | — | $4.31M | 1.28% |
| STATE STREET CORP | — | $4.29M | 1.28% |
| MKS INSTRUMENTS INC | — | $4.18M | 1.24% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Victory Integrity Small/Mid-Cap Value Fund · MAISX, MYISX, MIRSX, MMMSX | 49% | 0.83% |
| PACE Small/Medium Co Value Equity Investments · PCSVX, PEVAX, PVEYX, PVETX | 27% | 0.63% |
| MFS Mid Cap Value Fund · MVCAX, MVCJX, MCBVX, MVCCX, MCVIX, MVCGX, MCVRX, MVCHX, MVCKX | 25% | 0.61% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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