Investment objective & strategy
As of June 26, 2025 · prospectusObjective. The Victory Target Managed Allocation Fund (the Fund) seeks to maximize total return primarily through capital appreciation.
Strategy. The Fund invests primarily in U.S. and/or foreign (including emerging markets) equity securities, fixed-income securities, and real estate securities, including real estate investment trusts (REITs). Consistent with its investment strategy, the Fund also may invest in derivatives, including futures and options contracts, as well as American depositary receipts (ADRs). Derivatives investments typically are used as a liquid and economical means of managing tactical allocations to asset classes. The Fund also may use derivatives for hedging and risk-management purposes. As a result of the Funds investment strategy, the Fund may change the allocation of its portfolio holdings on a frequent basis. The Fund may invest up to 10% of its total assets in the shares of exchange-traded funds (ETFs) to obtain … The Fund invests primarily in U.S. and/or foreign (including emerging markets) equity securities, fixed-income securities, and real estate securities, including real estate investment trusts (REITs). Consistent with its investment strategy, the Fund also may invest in derivatives, including futures and options contracts, as well as American depositary receipts (ADRs). Derivatives investments typically are used as a liquid and economical means of managing tactical allocations to asset classes. The Fund also may use derivatives for hedging and risk-management purposes. As a result of the Funds investment strategy, the Fund may change the allocation of its portfolio holdings on a frequent basis. The Fund may invest up to 10% of its total assets in the shares of exchange-traded funds (ETFs) to obtain desired investment exposures.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ISHARES CORE MSCI EMERGING MUTUAL FUND | IEMG | $10.60M | 4.69% |
| VANECK GOLD MINERS ETF/USA CL USD INC 0.00000000 | GDX | $8.30M | 3.67% |
| NVIDIA CORP | — | $6.62M | 2.93% |
| APPLE INC | — | $6.07M | 2.69% |
| MICROSOFT CORP | — | $4.13M | 1.83% |
| AMAZON.COM INC | — | $3.04M | 1.35% |
| ROYAL BANK OF CANADA | — | $2.92M | 1.29% |
| ALPHABET INC CL A | — | $2.63M | 1.16% |
| ALPHABET INC CL C | — | $2.48M | 1.10% |
| META PLATFORMS INC CL A | — | $2.31M | 1.02% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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 MSCI World ETF · URTH | 48% | 0.24% |
| AZL MSCI Global Equity Index Fund | 48% | 0.39% |
| JNL/Mellon World Index Fund | 48% | 0.30% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of June 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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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