Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The Victory International Fund (the Fund) seeks capital appreciation.
Strategy. The Fund normally invests at least 80% of its assets in equity securities of foreign (including emerging markets) companies. The equity securities in which the Fund principally invests are common stocks, depositary receipts, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks including rights and warrants. The Fund normally will invest its assets in investments that are tied economically to a number of countries throughout the world. However, the Fund may invest a significant percentage of its assets in securities of issuers in a single country, a small number of countries, or a particular geographic region. The Fund may invest in securities of companies of any size, including mid- and small-cap companies. … The Fund normally invests at least 80% of its assets in equity securities of foreign (including emerging markets) companies. The equity securities in which the Fund principally invests are common stocks, depositary receipts, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks including rights and warrants. The Fund normally will invest its assets in investments that are tied economically to a number of countries throughout the world. However, the Fund may invest a significant percentage of its assets in securities of issuers in a single country, a small number of countries, or a particular geographic region. The Fund may invest in securities of companies of any size, including mid- and small-cap companies. The Fund uses a combination of quantitative analysis as well as an active bottom-up investment approach to buying and selling investments. A quantitative process is used to systematically evaluate an issuers valuation, price and earnings momentum, earnings quality, and other factors also may be considered. Investments are also selected based on fundamental analysis of individual issuers and their potential in light of their financial condition and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuers earnings, cash flows, competitive position, and management ability.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ASML Holding NV | — | $61.12M | 2.30% |
| Novartis AG (Registered) | NVSEF | $49.24M | 1.85% |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | — | $45.44M | 1.71% |
| TOYOTA MOTOR CORP | — | $39.52M | 1.48% |
| SHELL PLC | — | $39.20M | 1.47% |
| SIEMENS AG-REG | — | $37.64M | 1.41% |
| HSBC HOLDINGS PL | — | $36.74M | 1.38% |
| ALLIANZ SE (REGD) | — | $35.71M | 1.34% |
| MIZUHO FINANCIAL | — | $33.12M | 1.24% |
| ING GROEP NV | — | $33.01M | 1.24% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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 RS International Fund · GUBGX, RIGCX, RIGKX, RSIGX, RSIRX | 53% | 0.83% |
| Victory Trivalent International Fund - Core Equity · MAICX, MICIX, MICYX, MAIRX | 40% | 0.55% |
| iShares MSCI EAFE ETF · EFA | 39% | 0.32% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| Victory Capital Management Inc. | Adviser |
Footnotes
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
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