USAAX
Victory Growth Fund
Victory Portfolios III
Expense ratio1
0.89%
Net assets2
$2.57B
Holdings2
81
Category
US Equity
2025 return3
16.81%

Investment objective & strategy

As of Aug. 27, 2025 · prospectus

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

Strategy. The Fund invests its assets primarily in a diversified portfolio of equity securities selected for their growth potential. 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. The Fund employs a multi-manager structure with the underlying managers implementing fundamentally driven security selection investment processes that focus on companies exhibiting high levels of growth. The Fund invests its assets primarily in a diversified portfolio of equity securities selected for their growth potential. 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. The Fund employs a multi-manager structure with the underlying managers implementing fundamentally driven security selection investment processes that focus on companies exhibiting high levels of growth.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $338.99M 13.20%
MICROSOFT CORP $179.78M 7.00%
META PLATFORMS INC CL A $155.74M 6.06%
AMAZON.COM INC $140.82M 5.48%
APPLE INC $122.65M 4.77%
TESLA INC $116.21M 4.52%
ALPHABET INC CL A $108.29M 4.22%
ALPHABET INC CL C $99.56M 3.88%
VISA INC-CLASS A $94.49M 3.68%
NETFLIX INC $72.04M 2.80%
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
11
Exited
4
Increased
33
Decreased
36
Unchanged
1

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.
MassMutual Blue Chip Growth Fund · MBCGX, MBCLX, MBCNX, MBCSX, MBCYX, MBCZX, MBGFX, MMZMX 81% 0.66%
Multi-Manager Large Cap Growth Strategies Fund · CLCEX 69% 0.72%
Loomis Sayles Growth Fund · LGRRX, LGRCX, LSGRX, LGRNX, LGRTX 68% 0.56%
View all similar funds →

Advisers

As of April 30, 2025 · N-CEN
FirmRole
Victory Capital Management Inc. Adviser
Loomis, Sayles & Company, L.P. Sub-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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