Investment objective & strategy
As of April 14, 2025 · prospectusObjective. The Victory 500 Index VIP Series (the Fund) seeks to match, before fees and expenses, the performance of the stocks composing the Victory US Large Cap 500 Index (the Index).
Strategy. The Adviser pursues the Funds objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies included in the Index. The Index is an unmanaged market-cap weighted index that consists of the largest 500 companies within the VettaFi US Equity 3000 Index SM (Parent Index). The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. The Fund generally seeks to track the returns of the Index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the Index. In seeking to track the performance of the Index, the Fund attempts to allocate investments among stocks in approximately the same … The Adviser pursues the Funds objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies included in the Index. The Index is an unmanaged market-cap weighted index that consists of the largest 500 companies within the VettaFi US Equity 3000 Index SM (Parent Index). The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. The Fund generally seeks to track the returns of the Index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the Index. In seeking to track the performance of the Index, the Fund attempts to allocate investments among stocks in approximately the same weightings as the Index, beginning with the stocks that make up the larger portion of the Indexs value. The Fund is rebalanced as required to reflect Index changes and to accommodate Fund cash flows. The Index is rebalanced semi-annually. From time to time, the Funds investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated. As of the date of this Prospectus, the Funds investments are not concentrated in any industry or group of industries, although the Funds investments are more focused in the information technology sector, consistent with the Index.
Top holdings
As of June 30, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $6.15M | 6.90% |
| MICROSOFT CORP | — | $6.06M | 6.80% |
| APPLE INC | — | $5.09M | 5.71% |
| AMAZON.COM INC | — | $3.46M | 3.89% |
| META PLATFORMS INC CL A | — | $2.66M | 2.99% |
| BROADCOM INC | — | $2.11M | 2.37% |
| ALPHABET INC CL A | — | $1.70M | 1.91% |
| ALPHABET INC CL C | — | $1.50M | 1.68% |
| TESLA INC | — | $1.48M | 1.66% |
| JPMORGAN CHASE and CO | — | $1.33M | 1.50% |
Portfolio moves
Mar 31, 2025 → Jun 30, 2025How 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. |
|---|---|---|
| LargeCap S&P 500 Managed Volatility Index Account | 87% | 0.37% |
| Azoria 500 Meritocracy ETF · SPXM | 82% | 0.47% |
| JPMorgan Carbon Transition U.S. Equity ETF · JCTR | 69% | 0.15% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Net assets and holdings count as of June 30, 2025, from the fund's N-PORT filing.
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