Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The Victory Growth and Tax Strategy Fund (the Fund) is an asset allocation fund that seeks a conservative balance for the investor between income, the majority of which is exempt from federal income tax, and the potential for long-term growth of capital to preserve purchasing power.
Strategy. Using preset target ranges, the Funds strategy is to invest a majority of its assets in tax-exempt bonds and money market instruments (50% - 70%) and the remainder in blue chip stocks (30% - 50%). The Fund is managed with the goal of minimizing the impact of federal income tax to shareholders. Using preset target ranges, the Funds strategy is to invest a majority of its assets in tax-exempt bonds and money market instruments (50% - 70%) and the remainder in blue chip stocks (30% - 50%). The Fund is managed with the goal of minimizing the impact of federal income tax to shareholders.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $29.83M | 3.34% |
| APPLE INC | — | $26.77M | 2.99% |
| MICROSOFT CORP | — | $19.67M | 2.20% |
| NYC WTR VAR 6/15/2033 | — | $15.42M | 1.72% |
| AMAZON.COM INC | — | $13.97M | 1.56% |
| ALPHABET INC CL A | — | $13.22M | 1.48% |
| BROADCOM INC | — | $10.45M | 1.17% |
| META PLATFORMS INC CL A | — | $9.65M | 1.08% |
| ALPHABET INC CL C | — | $9.22M | 1.03% |
| TESLA INC | — | $8.72M | 0.98% |
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. |
|---|---|---|
| LargeCap S&P 500 Index Account | 46% | 0.20% |
| LargeCap S&P 500 Index Fund · PLFMX, PLFPX, PLFIX, PSPJX, PLSAX | 46% | 0.10% |
| LargeCap S&P 500 Managed Volatility Index Account | 46% | 0.37% |
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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