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Victory RS Small Cap Equity Fund
mutual fund
GPSCX
Payout Change
Pending
Price as of:
$10.6
-0.04
-0.38%
primary theme
U.S. Small-Cap Growth Equity
share class
GPSCX (Mutual Fund)
Victory RS Small Cap Equity Fund
Payout Change
Pending
Price as of:
$10.6
-0.04
-0.38%
primary theme
U.S. Small-Cap Growth Equity
share class
GPSCX (Mutual Fund)
Victory RS Small Cap Equity Fund
Payout Change
Pending
Price as of:
$10.6
-0.04
-0.38%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
30.5%
1 yr return
40.8%
3 Yr Avg Return
-3.8%
5 Yr Avg Return
3.0%
Net Assets
$34.4 M
Holdings in Top 10
43.4%
52 WEEK LOW AND HIGH
$10.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.37%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 113.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GPSCX - Profile
Distributions
- YTD Total Return 30.5%
- 3 Yr Annualized Total Return -3.8%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.18%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory RS Small Cap Equity Fund
-
Fund Family NameVictory Portfolios
-
Inception DateAug 02, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMelissa Chadwick-Dunn
Fund Description
The Adviser pursues the Fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of small-capitalization companies, which may include common stocks, preferred stocks, or other securities convertible into common stock. The Fund typically invests in equity securities of U.S. companies but may also invest any portion of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).The Adviser currently considers a company to be a small-capitalization company if its market capitalization (at the time of purchase) is less than $3 billion or 120% of the market capitalization of the largest company included in the Russell 2000® Index (the “Index”) (currently, approximately $70.1 billion, based on the size of the largest company in the Index on March 31, 2024), whichever is greater. The size of companies in the Index changes with market conditions and the composition of the Index.The Adviser employs both fundamental analysis and quantitative screening in seeking to identify companies that the Adviser believes will produce sustainable earnings growth over a multi-year horizon. The Fund typically invests in 30 to 40 companies. Investment candidates typically exhibit some or all of the following key criteria: strong organic revenue growth, expanding margins and profitability, innovative products or services, defensible competitive advantages, growing market share, and experienced management teams. The Adviser seeks to categorize each potential investment based on its view of a company’s stage of development on a spectrum that identifies companies as promising, developing, or proven. Valuation is an integral part of the growth investment process. Purchase decisions are based on the Adviser’s expectation of the potential reward relative to risk of each security based in part on the Adviser’s proprietary earnings calculations. The Adviser regularly reviews the Fund’s investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) of a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company, or (4) other investments available are considered to be more attractive.As a result of the Adviser’s investment process, the Fund’s investments may be focused in one or more economic sectors from time to time, including the information technology and industrials sectors.As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.
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GPSCX - Performance
Return Ranking - Trailing
| Period | GPSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 30.5% | 2.0% | 88.6% | 13.33% |
| 1 Yr | 40.8% | 7.4% | 90.1% | 12.22% |
| 3 Yr | -3.8%* | -13.9% | 63.4% | 90.43% |
| 5 Yr | 3.0%* | -2.4% | 48.3% | 97.85% |
| 10 Yr | N/A* | 2.2% | 25.7% | 80.87% |
* Annualized
Return Ranking - Calendar
| Period | GPSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.3% | -20.5% | 54.6% | 91.08% |
| 2022 | -43.2% | -82.1% | 32.2% | 94.37% |
| 2021 | -26.1% | -90.6% | 300.1% | 92.64% |
| 2020 | 12.3% | -63.0% | 127.9% | 93.93% |
| 2019 | 23.7% | -7.7% | 42.9% | 42.66% |
Total Return Ranking - Trailing
| Period | GPSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 30.5% | 2.0% | 88.6% | 13.33% |
| 1 Yr | 40.8% | 7.4% | 90.1% | 12.22% |
| 3 Yr | -3.8%* | -13.9% | 63.4% | 90.43% |
| 5 Yr | 3.0%* | -2.4% | 48.3% | 97.85% |
| 10 Yr | N/A* | 2.2% | 25.7% | 86.53% |
* Annualized
Total Return Ranking - Calendar
| Period | GPSCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.3% | -19.0% | 136.8% | 94.80% |
| 2022 | -37.2% | -59.9% | 44.3% | 88.18% |
| 2021 | -7.4% | -22.7% | 411.9% | 97.36% |
| 2020 | 38.0% | 1.5% | 150.8% | 50.49% |
| 2019 | 38.5% | 5.5% | 55.3% | 9.05% |
NAV & Total Return History
GPSCX - Holdings
Concentration Analysis
| GPSCX | Category Low | Category High | GPSCX % Rank | |
|---|---|---|---|---|
| Net Assets | 34.4 M | 209 K | 34.3 B | 93.33% |
| Number of Holdings | 43 | 7 | 1226 | 92.04% |
| Net Assets in Top 10 | 14.9 M | 53.8 K | 3.02 B | 90.74% |
| Weighting of Top 10 | 43.43% | 7.5% | 100.0% | 9.28% |
Top 10 Holdings
- CHART INDUSTRIES INC 6.07%
- EURONET WORLDWIDE INC 4.85%
- FIRSTCASH HOLDINGS INC 4.67%
- PAYONEER GLOBAL INC 4.44%
- AEROVIRONMENT INC 4.42%
- FTAI AVIATION LTD 4.21%
- AMERICAN EAGLE OUTFITTERS 3.96%
- NEXTRACKER INC 3.78%
- CHAMPION HOMES INC 3.62%
- LENDINGTREE INC 3.41%
Asset Allocation
| Weighting | Return Low | Return High | GPSCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.23% | 92.05% | 107.62% | 46.67% |
| Cash | 1.77% | 0.00% | 28.78% | 55.37% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 28.52% |
| Other | 0.00% | -0.26% | 6.70% | 45.56% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 22.41% |
| Bonds | 0.00% | 0.00% | 2.40% | 22.41% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GPSCX % Rank | |
|---|---|---|---|---|
| Technology | 35.66% | 2.91% | 75.51% | 4.63% |
| Industrials | 26.15% | 0.00% | 36.64% | 3.70% |
| Healthcare | 15.05% | 0.00% | 47.90% | 82.59% |
| Financial Services | 10.16% | 0.00% | 42.95% | 20.74% |
| Consumer Cyclical | 7.09% | 0.00% | 24.04% | 93.33% |
| Consumer Defense | 5.89% | 0.00% | 13.56% | 18.33% |
| Utilities | 0.00% | 0.00% | 5.57% | 45.56% |
| Real Estate | 0.00% | 0.00% | 15.31% | 80.00% |
| Energy | 0.00% | 0.00% | 55.49% | 82.59% |
| Communication Services | 0.00% | 0.00% | 15.31% | 87.22% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 88.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GPSCX % Rank | |
|---|---|---|---|---|
| US | 98.23% | 17.30% | 107.62% | 42.04% |
| Non US | 0.00% | 0.00% | 77.12% | 37.59% |
GPSCX - Expenses
Operational Fees
| GPSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.37% | 0.05% | 23.20% | 33.21% |
| Management Fee | 0.75% | 0.05% | 1.62% | 34.88% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.27% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| GPSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 11.76% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GPSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GPSCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 113.00% | 3.00% | 264.00% | 85.62% |
GPSCX - Distributions
Dividend Yield Analysis
| GPSCX | Category Low | Category High | GPSCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 34.81% |
Dividend Distribution Analysis
| GPSCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GPSCX | Category Low | Category High | GPSCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.18% | -2.47% | 1.10% | 82.40% |
Capital Gain Distribution Analysis
| GPSCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2022 | $0.835 | OrdinaryDividend |
| Dec 16, 2021 | $0.891 | CapitalGainShortTerm |
| Dec 16, 2021 | $2.319 | CapitalGainLongTerm |
| Dec 16, 2020 | $4.010 | OrdinaryDividend |
| Dec 17, 2019 | $1.877 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.173 | CapitalGainShortTerm |
| Dec 19, 2018 | $4.111 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.944 | CapitalGainLongTerm |
GPSCX - Fund Manager Analysis
Managers
Melissa Chadwick-Dunn
Start Date
Tenure
Tenure Rank
Apr 30, 2009
13.09
13.1%
Melissa Chadwick-Dunn is an analyst in the RS Growth Group and a principal at RS Investments. Before joining the firm in 2001, she was an equity analyst at Putnam Investments for two years, covering international small-cap stocks. Prior to that, she spent four years in investment banking, working on corporate finance and mergers-and-acquisition transactions for Lehman Brothers and McDaniels S.A. Melissa holds a B.A. in economics and an M.A. in international relations from the University of Chicago and an M.B.A. from the Wharton School of Business.
D. Scott Tracy
Start Date
Tenure
Tenure Rank
Apr 30, 2009
13.09
13.1%
Mr. Tracy joined RS Investments and has been a member of the RS Growth Team since 2001. Prior to joining RS Investments in 2001, he spent three years at Shoreline Investment Management, the in house asset management arm of Hewlett-Packard. He has also served as an equity analyst at Montgomery Securities. Mr. Tracy holds a B.A. in history from Trinity College and an M.B.A. from the University of California at Berkeley. He is also a Chartered Financial Analyst.
Stephen Bishop
Start Date
Tenure
Tenure Rank
Apr 30, 2009
13.09
13.1%
Stephen J. Bishop is a co-portfolio manager and analyst on the RS Growth Team. Mr. Bishop has been with Victory Capital since 2016, when Victory Capital acquired RS Investments. Mr. Bishop has been a co-portfolio manager on the RS Growth Team since 2007. He joined RS Investment Management Co. LLC in 1996 as a research analyst primarily covering the technology sector, which remains his area of focus today. Prior to joining RS, he worked as an analyst in the corporate finance department of Dean Witter Reynolds, Inc., for two years. Steve holds a B.A. in economics from the University of Notre Dame and an M.B.A. from Harvard Business School.
Christopher Clark
Start Date
Tenure
Tenure Rank
Dec 01, 2014
7.5
7.5%
Christopher W. Clark has been a co-portfolio manager of the Victory RS Investments Custom Growth Strategy (formerly, the RS Investments Custom Growth Strategy) of the Fund since September 2015. He has worked in investment management since 2001, has been with RS Investments since 2007, has managed investment portfolios since 2014, and has been with Victory Capital since 2016. Before joining RS Investments, he was a research associate at TIAA-CREF for three years, where he focused on global portfolio management and the health care sector. Prior to that, he was a research assistant at Dresdner RCM Global Investors for three years. Chris holds a B.A. in economics from the University of Virginia. Chris is a CFA Charterholder.
Paul Leung
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
Paul Leung joined Victory Capital in 2016 in connection with Victory Capital’s acquisition of RS Investments. Prior to joining Victory Capital, Mr. Leung was a member of the RS Growth Team, as an analyst, since 2012. Prior to joining RS Investments in 2012, he worked as a senior investment analyst at Ashfield Capital Partners where he focused on the technology sector. Previously, he held research and financial analyst positions at Sterling Johnston Capital Management, from 2002 to 2010, and Citigroup, from 1999 to 2001. Mr. Leung is a CFA Charterholder. Paul earned his bachelor’s degree in economics and business management from Cornell University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
