Investment objective & strategy
As of Oct. 3, 2025 · prospectusStrategy. The Adviser uses a quality and valuation-conscious approach to select the Funds investments. The Adviser selects securities it believes are selling at reasonable prices or substantial discounts to their underlying values. A security may be sold if the Advisers assessment of company fundamentals deteriorates or the security price reaches its valuation target. The Adviser evaluates a securitys potential value based on the companys quality, growth, risk, and prospects for future economic profit growth. In making that assessment, the Adviser employs due diligence and fundamental research, and evaluates the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on market-timing strategies. The Adviser uses a quality and valuation-conscious approach to select the Funds investments. The Adviser selects securities it believes are selling at reasonable prices or substantial discounts to their underlying values. A security may be sold if the Advisers assessment of company fundamentals deteriorates or the security price reaches its valuation target. The Adviser evaluates a securitys potential value based on the companys quality, growth, risk, and prospects for future economic profit growth. In making that assessment, the Adviser employs due diligence and fundamental research, and evaluates the issuer based on its financial statements and operations. The Adviser focuses on the quality and price of individual issuers, not on market-timing strategies.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CISCO SYSTEMS INC | — | $75.89M | 3.92% |
| MICROSOFT CORP | — | $75.61M | 3.91% |
| JOHNSON&JOHNSON | — | $71.60M | 3.70% |
| BANK OF AMERICA CORPORATION | — | $71.16M | 3.68% |
| WELLS FARGO & CO | — | $69.22M | 3.58% |
| STATE STREET CORP | — | $69.05M | 3.57% |
| INTL BUS MACH CORP | — | $63.99M | 3.31% |
| EXXON MOBIL CORP | — | $59.05M | 3.05% |
| CONOCOPHILLIPS | — | $50.50M | 2.61% |
| CMS ENERGY CORP | — | $48.23M | 2.49% |
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 Pioneer Disciplined Value Fund · CVKFX, CVFYX, CVCFX, CVFCX | 71% | 0.45% |
| Victory Pioneer Equity Income VCT Portfolio | 66% | 0.79% |
| Victory Pioneer Equity Income Fund · PCEQX, PQIRX, PEQKX, PYEQX, PEQIX | 62% | 0.68% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of March 31, 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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