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Victory Integrity Discovery Fund
mutual fund
MMMMX
Payout Change
Pending
Price as of:
$47.22
+0.27
+0.58%
primary theme
U.S. Small-Cap Value Equity
share class
MMMMX (Mutual Fund)
Victory Integrity Discovery Fund
Payout Change
Pending
Price as of:
$47.22
+0.27
+0.58%
primary theme
U.S. Small-Cap Value Equity
share class
MMMMX (Mutual Fund)
Victory Integrity Discovery Fund
Payout Change
Pending
Price as of:
$47.22
+0.27
+0.58%
primary theme
U.S. Small-Cap Value 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
18.0%
1 yr return
27.4%
3 Yr Avg Return
6.7%
5 Yr Avg Return
N/A
Net Assets
$61.4 M
Holdings in Top 10
11.7%
52 WEEK LOW AND HIGH
$47.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
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
MMMMX - Profile
Distributions
- YTD Total Return 18.0%
- 3 Yr Annualized Total Return 6.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.04%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Integrity Discovery Fund
-
Fund Family NameVictory Portfolios
-
Inception DateNov 10, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel DeMonica
Fund Description
The Adviser pursues the Fund’s investment objective by investing, under normal circumstances, at least 80% of the Fund’s assets in equity securities of micro-capitalization companies. Micro-capitalization companies are those companies with market capitalizations at the time of purchase lower than the largest company in the bottom 75% (based on index weightings) of the Russell 2000® Index, which as of September 30, 2024, included companies with market capitalizations below $15.3 billion. The size of companies in the index changes with market conditions and the composition of the index.When selecting securities for a Fund, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser employs a value-oriented approach that focuses on securities that offer value with improving investor sentiment.The Fund focuses on undiscovered, micro-capitalization companies in its attempt to provide investors with potentially higher returns than a fund that invests primarily in larger, more established companies. Since micro-capitalization companies generally are not as well known to investors and have less of an investor following than larger companies, the Adviser believes these inefficiencies in the marketplace may provide higher returns.Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund’s assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).From time to time, due to changes in sector weights of the benchmark index, the Fund’s investments can be more focused in companies in one or more economic sectors, such as the financials and industrial sectors.
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MMMMX - Performance
Return Ranking - Trailing
| Period | MMMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | -4.1% | 31.2% | 33.01% |
| 1 Yr | 27.4% | 5.3% | 40.7% | 22.49% |
| 3 Yr | 6.7%* | -10.0% | 75.3% | 52.45% |
| 5 Yr | N/A* | -2.8% | 53.0% | 64.43% |
| 10 Yr | N/A* | -2.7% | 28.5% | 18.43% |
* Annualized
Return Ranking - Calendar
| Period | MMMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -6.0% | 33.6% | 40.53% |
| 2022 | -19.6% | -33.6% | 212.9% | 72.06% |
| 2021 | 30.4% | -62.0% | 147.6% | 15.95% |
| 2020 | N/A | -24.8% | 31.3% | N/A |
| 2019 | N/A | -21.7% | 34.0% | N/A |
Total Return Ranking - Trailing
| Period | MMMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | -4.1% | 31.2% | 33.01% |
| 1 Yr | 27.4% | 5.3% | 40.7% | 22.49% |
| 3 Yr | 6.7%* | -10.0% | 75.3% | 52.45% |
| 5 Yr | N/A* | -2.8% | 53.0% | 59.56% |
| 10 Yr | N/A* | -2.7% | 28.5% | 17.24% |
* Annualized
Total Return Ranking - Calendar
| Period | MMMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | 1.8% | 35.4% | 56.83% |
| 2022 | -12.1% | -25.2% | 250.0% | 57.35% |
| 2021 | 37.0% | -3.0% | 157.9% | 15.95% |
| 2020 | N/A | -13.5% | 33.4% | N/A |
| 2019 | N/A | -1.5% | 34.3% | N/A |
NAV & Total Return History
MMMMX - Holdings
Concentration Analysis
| MMMMX | Category Low | Category High | MMMMX % Rank | |
|---|---|---|---|---|
| Net Assets | 61.4 M | 2.79 M | 54 B | 85.41% |
| Number of Holdings | 126 | 10 | 1599 | 40.19% |
| Net Assets in Top 10 | 7.99 M | 1.04 M | 3.62 B | 92.58% |
| Weighting of Top 10 | 11.68% | 5.2% | 92.1% | 85.61% |
Top 10 Holdings
- BROOKDALE SENIOR LIVING INC 1.40%
- ARTIVION INC 1.23%
- NETSTREIT CORP 1.18%
- GREAT LAKES DREDGE DOCK CORPORATION 1.16%
- DIME COMMUNITY BANCSHARES 1.15%
- ADVANSIX INC 1.12%
- COLUMBUS MCKINNON CORPORATION 1.12%
- WILLDAN GROUP INC 1.11%
- DUCOMMON INC 1.11%
- GLOBAL MEDICAL REIT INC 1.10%
Asset Allocation
| Weighting | Return Low | Return High | MMMMX % Rank | |
|---|---|---|---|---|
| Stocks | 98.51% | 6.25% | 105.88% | 48.80% |
| Cash | 1.17% | 0.00% | 37.64% | 59.57% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 66.03% |
| Other | 0.00% | -1.07% | 38.91% | 75.84% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 64.81% |
| Bonds | 0.00% | 0.00% | 90.12% | 65.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MMMMX % Rank | |
|---|---|---|---|---|
| Financial Services | 28.14% | 0.00% | 35.71% | 17.40% |
| Industrials | 17.22% | 0.65% | 48.61% | 47.55% |
| Consumer Cyclical | 11.76% | 0.35% | 51.62% | 47.55% |
| Technology | 11.20% | 0.00% | 27.23% | 28.68% |
| Energy | 9.01% | 0.00% | 29.42% | 41.91% |
| Healthcare | 6.80% | 0.00% | 25.76% | 40.69% |
| Real Estate | 6.64% | 0.00% | 44.41% | 59.80% |
| Basic Materials | 4.39% | 0.00% | 67.30% | 63.24% |
| Communication Services | 4.22% | 0.00% | 17.58% | 11.52% |
| Consumer Defense | 0.62% | 0.00% | 13.22% | 94.85% |
| Utilities | 0.00% | 0.00% | 13.86% | 91.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MMMMX % Rank | |
|---|---|---|---|---|
| US | 98.51% | 6.25% | 105.88% | 37.32% |
| Non US | 0.00% | 0.00% | 77.52% | 72.25% |
MMMMX - Expenses
Operational Fees
| MMMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.88% | 0.05% | 37.04% | 14.83% |
| Management Fee | 1.00% | 0.00% | 1.50% | 91.85% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.07% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| MMMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MMMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| MMMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 7.00% | 252.00% | 33.39% |
MMMMX - Distributions
Dividend Yield Analysis
| MMMMX | Category Low | Category High | MMMMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.44% | 0.00% | 14.14% | 79.19% |
Dividend Distribution Analysis
| MMMMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| MMMMX | Category Low | Category High | MMMMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.04% | -1.43% | 4.13% | 99.02% |
Capital Gain Distribution Analysis
| MMMMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.208 | OrdinaryDividend |
| Dec 13, 2023 | $0.391 | CapitalGainLongTerm |
| Dec 14, 2022 | $3.412 | OrdinaryDividend |
| Dec 16, 2021 | $2.138 | CapitalGainLongTerm |
MMMMX - Fund Manager Analysis
Managers
Daniel DeMonica
Start Date
Tenure
Tenure Rank
Jan 18, 2011
11.37
11.4%
Daniel J. DeMonica, CFA—Mr. DeMonica is Senior Portfolio Manager and is a Principal of advisor Integrity Asset Management, LLC. Mr. DeMonica has been with the Advisor since shortly after its formation in 2003. Prior to joining the Advisor, Mr. DeMonica was a Portfolio Manager and Security Analyst for National City Investment Management Co. from 1997 to 2003. Mr. DeMonica earned his Bachelor of Arts degree in Finance from Indiana University in 1994, and an MBA in Finance from Case Western University in 2000.
Mirsat Nikovic
Start Date
Tenure
Tenure Rank
Oct 29, 2011
10.59
10.6%
Mirsat Nikovic, CFA, Equity Analyst of Integrity, joined Integrity in 2007. Mr. Nikovic has been a member of the Fund’s portfolio management team since 2011 and is responsible for quantitative and equity analysis. He also is a member of Integrity’s value equity management team. Mr. Nikovic is a graduate of John Carroll University.
Sean Burke
Start Date
Tenure
Tenure Rank
Oct 28, 2015
6.59
6.6%
Sean Burke is a Portfolio Manager of Victory Capital Management Inc.'s Integrity Asset Management investment franchise and has been with Victory since 2014. Prior to that, Mr. Burke was an Equity Analyst with Integrity Asset Management, LLC from 2011-2014 and held other positions with Integrity from 2006-2011.
Michael Wayton
Start Date
Tenure
Tenure Rank
Nov 01, 2018
3.58
3.6%
Michael P. Wayton is a Portfolio Manager of Integrity and has been with the Adviser since 2014. From 2013-2014, Mr. Wayton was a Portfolio Manager of Integrity Asset Management, LLC. Mr. Wayton is currently a member of the CFA Society of Cleveland. He graduated from Ohio State University with a B.S.B.A. in Finance and is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.23 | 3.58 |
