Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Victory Nasdaq-100 Index Fund Fund (the Fund) seeks to match, before fees and expenses, the performance of the stocks composing the Nasdaq-100 Index 1 . The Nasdaq-100 Index (the Index) represents 100 of the largest nonfinancial stocks traded on The Nasdaq Stock Market . 1 Nasdaq-100 , Nasdaq-100 Index , and Nasdaq are trade or service marks of The Nasdaq Stock Market, Inc. (which with its affiliates are the Corporations) and have been licensed for our use.
Strategy. The Funds principal investment strategy is, under normal market conditions, to invest at least 80% of the Funds assets in the common stocks of companies composing the Index. This strategy may be changed upon 60 days prior written notice to shareholders. The Index is an index composed of 100 of the largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization. In seeking to track the performance of the Index, the Fund will normally invest in all the common stocks of companies in the Index in roughly the same proportions as their weightings in the index. While the Fund attempts to replicate the Index, there may be times when the Fund and the Index … The Funds principal investment strategy is, under normal market conditions, to invest at least 80% of the Funds assets in the common stocks of companies composing the Index. This strategy may be changed upon 60 days prior written notice to shareholders. The Index is an index composed of 100 of the largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization. In seeking to track the performance of the Index, the Fund will normally invest in all the common stocks of companies in the Index in roughly the same proportions as their weightings in the index. While the Fund attempts to replicate the Index, there may be times when the Fund and the Index do not match exactly. At times, the Fund may purchase a stock not included in the Index when it believes doing so would be a cost-efficient way of approximating the Indexs performance, for example, in anticipation of a stock being added to the Index. To the extent that the Index concentrates in the securities of a particular industry or group of industries, the Fund will similarly concentrate its investments. As of the date of this Prospectus, the Funds investments are not concentrated in any industry or group of industries, although the Funds investments are more focused in the technology sectors, consistent with the Index. The Fund is non-diversified and expects to hold a larger portion of its assets in a smaller number of issuers.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $735.53M | 8.90% |
| APPLE INC | — | $607.15M | 7.35% |
| MICROSOFT CORP | — | $506.38M | 6.13% |
| AMAZON.COM INC | — | $405.00M | 4.90% |
| META PLATFORMS INC CL A | — | $331.56M | 4.01% |
| ALPHABET INC CL A | — | $311.26M | 3.77% |
| TESLA INC | — | $301.36M | 3.65% |
| ALPHABET INC CL C | — | $289.70M | 3.51% |
| WALMART INC | — | $254.04M | 3.08% |
| BROADCOM INC | — | $247.58M | 3.00% |
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. |
|---|---|---|
| AVIP Nasdaq-100 Index Portfolio | 96% | 0.43% |
| Invesco QQQ Trust, Series 1 · QQQ | 96% | 0.18% |
| Invesco NASDAQ 100 ETF · QQQM | 95% | 0.15% |
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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