Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Victory Extended Market Index Fund (the Fund) seeks to match, before fees and expenses, the performance of all small- and mid-cap stocks as measured by the Victory Extended Market Index (the Index).
Strategy. The Funds principal investment strategy is, under normal market conditions, to invest at least 80% of its assets in securities or other financial instruments of companies that are components of, or have economic characteristics similar to, the securities included in the Index. This strategy may be changed upon 60 days prior written notice to shareholders. The Index is a market-cap weighted index consisting of the small- and mid-cap companies in the U.S. equity market. The Index consists of the securities within the VettaFi US Equity 3000 Index SM (Parent Index) after eliminating the largest 500 companies. The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. The number of securities in the … The Funds principal investment strategy is, under normal market conditions, to invest at least 80% of its assets in securities or other financial instruments of companies that are components of, or have economic characteristics similar to, the securities included in the Index. This strategy may be changed upon 60 days prior written notice to shareholders. The Index is a market-cap weighted index consisting of the small- and mid-cap companies in the U.S. equity market. The Index consists of the securities within the VettaFi US Equity 3000 Index SM (Parent Index) after eliminating the largest 500 companies. The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. The number of securities in the Index fluctuates and may be more or less than 2,500. As of June 30, 2025, the market capitalization range of the companies included in the Index was between $8 million and less than $19.45 billion. The size of companies in the Index changes with market conditions and the composition of the Index. In seeking to track the performance of the Index, the Fund uses the sampling method of indexing. Under this approach, the Fund selects a representative sample of stocks and/or derivatives that resemble the Index in terms of industry weightings, market capitalization, and other characteristics. It is not the Funds intent to fully replicate the Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MONEYMKT | FGTXX | $10.22M | 1.33% |
| HSBC US GOVT MMKT-I | — | $10.22M | 1.33% |
| Invesco Government & Agency Portfolio, Institutional Class | — | $10.22M | 1.33% |
| MSILF-GOVT-INS | MVRXX | $10.22M | 1.33% |
| AST SPACEMOBILE INC | — | $2.83M | 0.37% |
| ROYAL GOLD INC | — | $2.55M | 0.33% |
| QNITY ELECTRONICS INC | — | $2.31M | 0.30% |
| ALBEMARLE CORP | — | $2.30M | 0.30% |
| BWX TECHNOLOGIES INC | — | $2.15M | 0.28% |
| ENTEGRIS INC | — | $2.04M | 0.27% |
Portfolio moves
Oct 31, 2025 → Jan 31, 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. |
|---|---|---|
| iShares Morningstar Small-Cap ETF · ISCB | 79% | 0.04% |
| Fidelity ZERO Extended Market Index Fund · FZIPX | 76% | 0.00% |
| VANGUARD SMALL-CAP INDEX FUND · NAESX, VSMAX, VSCIX, VB, VSCPX | 72% | 0.02% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 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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