Investment objective & strategy
As of Oct. 27, 2022 · prospectusObjective. The Victory Victory Munder Small Cap Growth Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Adviser pursues long-term capital appreciation in the Fund by investing, under normal circumstances, at least 80% of the Funds assets in equity securities of small capitalization companies. Small capitalization companies means those companies with market capitalizations at the time of purchase within the range of companies included in the Russell 2000 Growth Index ($14.1 million to $13.6 billion as of September 30, 2022). The size of companies in an index changes with market conditions and the composition of the index. The Funds investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a … The Adviser pursues long-term capital appreciation in the Fund by investing, under normal circumstances, at least 80% of the Funds assets in equity securities of small capitalization companies. Small capitalization companies means those companies with market capitalizations at the time of purchase within the range of companies included in the Russell 2000 Growth Index ($14.1 million to $13.6 billion as of September 30, 2022). The size of companies in an index changes with market conditions and the composition of the index. The Funds investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle. Although the Fund will be invested primarily in domestic securities, up to 25% of the Funds assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). From time to time, due to changes in sector weights of the benchmark index, the Funds investments can be more focused in companies in one or more economic sectors, such as the health care and information technology sectors.
Top holdings
As of Sept. 30, 2022 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| HSBC US GOVT MMKT-I | — | $888.96K | 8.17% |
| MSILF Prime Portfolio | MPFXX | $699.99K | 6.43% |
| NAPCO SECURITY TECHNOLOGIES INC | — | $311.80K | 2.86% |
| TALOS ENERGY INC | — | $235.33K | 2.16% |
| MAGNOLIA OIL and GAS CORPO CL A | — | $231.26K | 2.12% |
| WNS HOLDINGS LTD ADR USD.16 | WNS US | $223.83K | 2.06% |
| COASTAL FINANCIAL CORP/WA | — | $213.40K | 1.96% |
| ELASTIC NV | — | $205.68K | 1.89% |
| CHART INDUSTRIES INC | — | $205.37K | 1.89% |
| INARI MEDICAL INC | — | $189.23K | 1.74% |
Portfolio moves
Jun 30, 2022 → Sep 30, 2022How 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. |
|---|---|---|
| VOYA SMALLCAP OPPORTUNITIES FUND | 12% | 0.86% |
| TCM Small Cap Growth Fund | 11% | 0.94% |
| AST Small-Cap Growth Opportunities Portfolio | 10% | 1.04% |
Footnotes
- Net assets and holdings count as of September 30, 2022, from the fund's N-PORT filing.
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