UIVAX
Victory Value Fund
Victory Portfolios III
Expense ratio1
0.91%
Net assets2
$1.41B
Holdings2
182
Category
US Equity
2025 return3
16.18%

Investment objective & strategy

As of Aug. 27, 2025 · prospectus

Objective. The Victory Value Fund (the Fund) seeks long-term growth of capital.

Strategy. The Fund invests its assets primarily in equity securities of companies that are considered to be undervalued. Although the Fund will invest primarily in U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities issued in emerging markets. A value fund is one in which the portfolio manager searches for securities that are believed to not reflect the true value in the particular securitys current share price. However, over time the share price may increase as the market recognizes the overall value of the company. These types of securities are often referred to as being undervalued, and the stocks share prices typically are below average in comparison to such factors as earnings and … The Fund invests its assets primarily in equity securities of companies that are considered to be undervalued. Although the Fund will invest primarily in U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities issued in emerging markets. A value fund is one in which the portfolio manager searches for securities that are believed to not reflect the true value in the particular securitys current share price. However, over time the share price may increase as the market recognizes the overall value of the company. These types of securities are often referred to as being undervalued, and the stocks share prices typically are below average in comparison to such factors as earnings and book value.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
ALPHABET INC CL A $49.96M 3.54%
JPMORGAN CHASE and CO $33.84M 2.40%
CITIGROUP INC $28.02M 1.99%
KEYCORP $27.35M 1.94%
JOHNSON&JOHNSON $27.33M 1.94%
US BANCORP DEL $25.26M 1.79%
TEVA PHARMACEUTICAL IND ADR $23.44M 1.66%
THE CIGNA GROUP $21.76M 1.54%
VALERO ENERGY CORP $20.20M 1.43%
FEDEX CORP $19.92M 1.41%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
27
Exited
29
Increased
34
Decreased
48
Unchanged
73

How 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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Victory RS Large Cap Alpha Fund · GPAFX, RCOCX, RCEYX 52% 0.68%
Victory Income Stock Fund · USISX, UIISX 42% 0.75%
Victory Growth & Income Fund · USGRX, UIGIX 38% 0.86%
View all similar funds →

Advisers

As of April 30, 2025 · N-CEN
FirmRole
Victory Capital Management Inc. Adviser

Footnotes

  1. Expense ratio as of August 27, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. 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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