Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Victory 500 Index Fund (the Fund) seeks to match, before fees and expenses, the performance of the stocks composing the Victory US Large Cap 500 Index (the Index). The Index emphasizes stocks of large U.S. companies.
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 a market-cap weighted index that consists of the largest 500 companies within the VettaFi US Equity 3000 Index SM (Parent Index). The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. In seeking to track the performance of the Index, the Fund attempts to allocate investments among stocks in approximately the same weightings as the Index, beginning with the stocks that make up the larger portion of the … 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 a market-cap weighted index that consists of the largest 500 companies within the VettaFi US Equity 3000 Index SM (Parent Index). The Parent Index measures the performance of the largest 3000 U.S. equity securities with readily available price data. In seeking to track the performance of the Index, the Fund attempts to allocate investments among stocks in approximately the same weightings as the Index, beginning with the stocks that make up the larger portion of the Indexs value. The Fund is rebalanced as required to reflect index changes and to accommodate Fund cash flows. The Fund may exclude or remove any Index stock that it believes is illiquid or has been impaired by financial conditions or other extraordinary events. 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 information technology sector, consistent with the Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $1.08B | 7.44% |
| APPLE INC | — | $929.67M | 6.40% |
| MICROSOFT CORP | — | $764.82M | 5.26% |
| AMAZON.COM INC | — | $562.55M | 3.87% |
| ALPHABET INC CL A | — | $475.79M | 3.28% |
| ALPHABET INC CL C | — | $412.57M | 2.84% |
| META PLATFORMS INC CL A | — | $378.14M | 2.60% |
| BROADCOM INC | — | $372.35M | 2.56% |
| TESLA INC | — | $249.52M | 1.72% |
| LILLY ELI and CO | — | $214.28M | 1.48% |
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. |
|---|---|---|
| Nuveen S&P 500 Index Fund · TISPX, TRSPX, TISAX, TISWX | 95% | 0.00% |
| iShares Morningstar U.S. Equity ETF · ILCB | 95% | 0.03% |
| JPMORGAN BETABUILDERS U.S. EQUITY ETF · BBUS | 95% | 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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