Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The Victory Emerging Markets Fund (the Fund) seeks capital appreciation.
Strategy. The Fund normally invests at least 80% of its assets in equity securities of emerging market companies. The equity securities in which the Fund principally invests are common stocks, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks. This 80% policy may be changed upon at least 60 days prior written notice to shareholders. The Fund normally invests at least 80% of its assets in equity securities of emerging market companies. The equity securities in which the Fund principally invests are common stocks, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks. This 80% policy may be changed upon at least 60 days prior written notice to shareholders.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $82.82M | 11.14% |
| SK HYNIX INC | — | $48.13M | 6.48% |
| SAMSUNG ELECTRONICS CO LTD | — | $31.20M | 4.20% |
| BABA-W | — | $22.55M | 3.03% |
| TENCENT HOLDINGS LTD | — | $20.50M | 2.76% |
| MEDIATEK | — | $11.15M | 1.50% |
| ZIJIN MINING-H | — | $10.17M | 1.37% |
| HANA FINANCIAL G | — | $10.15M | 1.37% |
| CCB-H | — | $9.22M | 1.24% |
| ELITE MATERIAL | — | $8.89M | 1.20% |
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. |
|---|---|---|
| JPMorgan Emerging Markets Research Enhanced Equity Fund · EMRSX, EMREX | 44% | 0.35% |
| Fidelity Series Emerging Markets Fund · FHKFX | 42% | 0.01% |
| Fidelity SAI Sustainable Emerging Markets Equity Fund · FSSGX | 42% | 0.95% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
| Lazard Asset Management LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
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