Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The Victory Cornerstone Moderately Conservative Fund (the Fund) seeks current income with a secondary focus on capital appreciation.
Strategy. The Fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives. The Fund has a target asset class allocation of approximately 40% equity securities and 60% fixed-income securities. The actual asset class allocation can deviate from time to time from these targets as market conditions warrant. The Funds asset allocation is actively managed by adjusting the Funds investments among asset classes that the Funds manager(s) deems appropriate, using a combination of active security selection, quantitative investing strategies, and investments in active and passive mutual funds and exchange-traded funds (ETFs), including affiliated mutual funds and ETFs (underlying affiliated funds), and futures. The implementation of the asset allocation may involve the extensive use of equity and fixed-income ETFs. … The Fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives. The Fund has a target asset class allocation of approximately 40% equity securities and 60% fixed-income securities. The actual asset class allocation can deviate from time to time from these targets as market conditions warrant. The Funds asset allocation is actively managed by adjusting the Funds investments among asset classes that the Funds manager(s) deems appropriate, using a combination of active security selection, quantitative investing strategies, and investments in active and passive mutual funds and exchange-traded funds (ETFs), including affiliated mutual funds and ETFs (underlying affiliated funds), and futures. The implementation of the asset allocation may involve the extensive use of equity and fixed-income ETFs. The Fund may invest in securities issued by domestic or foreign companies. The Fund also may invest in investment-grade and below-investment- grade (junk or high-yield) fixed-income securities. The Funds investments also may include real estate investment trusts (REITs), investments that provide exposure to commodities (such as ETFs or natural resources companies), and derivatives, including futures and options. The Fund may use derivatives to reduce its volatility over time, to enhance returns, or to provide diversification.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VICTORYSHARES CORE INTERMEDIATE BOND ETF | — | $38.66M | 19.77% |
| VICTORYSHARES CORE PLUS INTERMEDIATE BOND ETF | — | $36.14M | 18.48% |
| iShares Trust CORE US AGGREGATE BD ETF | AGG | $11.86M | 6.07% |
| iShares Core Universal USD Bond ETF | IUSB | $7.77M | 3.97% |
| iShares Core S&P 500 ETF | — | $7.67M | 3.92% |
| VICTORYSHARES SHORT TERM BOND ETF | USTB | $6.24M | 3.19% |
| VICTORYSHARES FREE CASH FLOW GROWTH ETF | — | $5.84M | 2.99% |
| SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF | FNDF | $4.74M | 2.43% |
| VANGUARD US TOTAL STOCK MARKET SHARES INDEX ETF | VTI | $4.74M | 2.42% |
| ISHARES CORE S+P SMALL CAP ETF ISHARES CORE S+P SMALL CAP E | IJR | $3.68M | 1.88% |
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 Cornerstone Moderate Fund · USBSX | 71% | 1.08% |
| Victory Cornerstone Moderately Aggressive Fund · USCRX | 64% | 1.07% |
| Victory Cornerstone Aggressive Fund · UCAGX | 49% | 1.20% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of June 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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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