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Victory Trivalent International Small-Cap Fund
mutual fund
MSSIX
Payout Change
Pending
Price as of:
$15.63
-0.19
-1.2%
primary theme
International Mid-Cap Blend Equity
share class
MSSIX (Mutual Fund)
Victory Trivalent International Small-Cap Fund
Payout Change
Pending
Price as of:
$15.63
-0.19
-1.2%
primary theme
International Mid-Cap Blend Equity
share class
MSSIX (Mutual Fund)
Victory Trivalent International Small-Cap Fund
Payout Change
Pending
Price as of:
$15.63
-0.19
-1.2%
primary theme
International Mid-Cap Blend Equity
share class
Name
As of 12/12/2024Price
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
7.3%
1 yr return
11.2%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
4.7%
Net Assets
$3.34 B
Holdings in Top 10
8.7%
52 WEEK LOW AND HIGH
$15.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
MSSIX - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.43%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Trivalent International Small-Cap Fund
-
Fund Family NameVictory Portfolios
-
Inception DateJun 01, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel LeVan
Fund Description
The Adviser pursues the Fund's investment objective by investing primarily in equity securities of companies principally in countries represented in the S&P® Developed ex-U.S. SmallCap Index (“Index”).Under normal circumstances, at least 80% of the Fund's assets will be invested in securities of small-capitalization companies. The Adviser considers any company with a market capitalization at the time of purchase that is within such country’s smallest 15% based on market capitalization to be a small-capitalization company. The size of companies in the Index changes with market conditions and the composition of the Index.The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples, positive trends in earnings forecasts, high profitability, and companies with a strong or positively trending responsible investing (“RI”) profile. The stock selection process is designed to produce a diversified portfolio that, relative to the Index, tends to have a below-average price-to-earnings ratio, above-average earnings growth trend, and above-average return on invested capital. RI investing considerations are not a primary or exclusive factor, but rather an additional inclusive consideration to the Adviser's process.The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which concentrates its exposure in one or more countries, regions, or sectors. The Index consists of the stocks representing the lowest 15% of float-adjusted market capitalization in each country other than the United States represented in the S&P® Developed Broad Market Index (BMI). The S&P® Developed BMI includes all listed shares of companies from 24 developed countries with float-adjusted market capitalizations of at least US$100 million and annual trading value of at least US$50 million. The Fund normally invests in a minimum of 10 countries.
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MSSIX - Performance
Return Ranking - Trailing
| Period | MSSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -2.3% | 14.1% | 20.73% |
| 1 Yr | 11.2% | 4.8% | 19.7% | 26.83% |
| 3 Yr | -0.5%* | -5.0% | 6.3% | 56.25% |
| 5 Yr | 4.7%* | 1.0% | 8.5% | 35.06% |
| 10 Yr | 6.5%* | 3.7% | 7.3% | 21.74% |
* Annualized
Return Ranking - Calendar
| Period | MSSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | 1.1% | 25.3% | 29.27% |
| 2022 | -23.9% | -35.4% | -13.9% | 87.50% |
| 2021 | 3.2% | -5.3% | 14.4% | 68.83% |
| 2020 | 14.9% | 3.1% | 17.0% | 7.79% |
| 2019 | 25.3% | 13.1% | 25.4% | 4.29% |
Total Return Ranking - Trailing
| Period | MSSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -2.3% | 14.1% | 20.73% |
| 1 Yr | 11.2% | 4.8% | 19.7% | 26.83% |
| 3 Yr | -0.5%* | -5.0% | 6.3% | 56.25% |
| 5 Yr | 4.7%* | 1.0% | 8.5% | 35.06% |
| 10 Yr | 6.5%* | 3.7% | 7.3% | 21.74% |
* Annualized
Total Return Ranking - Calendar
| Period | MSSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.3% | 2.5% | 25.8% | 21.95% |
| 2022 | -23.2% | -35.4% | -10.9% | 86.25% |
| 2021 | 12.3% | 7.7% | 18.9% | 66.23% |
| 2020 | 15.3% | 3.5% | 18.1% | 12.99% |
| 2019 | 27.7% | 17.4% | 32.7% | 11.43% |
NAV & Total Return History
MSSIX - Holdings
Concentration Analysis
| MSSIX | Category Low | Category High | MSSIX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.34 B | 6.37 M | 12.1 B | 26.83% |
| Number of Holdings | 232 | 2 | 4796 | 40.24% |
| Net Assets in Top 10 | 328 M | 1.72 M | 12.6 B | 25.61% |
| Weighting of Top 10 | 8.74% | 5.7% | 102.9% | 81.71% |
Top 10 Holdings
- CELESTICA INC 1.24%
- FUJIKURA LTD 1.01%
- SWISSQUOTE GROUP HOLDING SA 0.88%
- SANWA HOLDINGS CORP 0.88%
- KONECRANES OYJ 0.80%
- BANKINTER SA 0.80%
- TAG IMMOBILIEN AG 0.80%
- SULZER AG 0.79%
- MARKS SPENCER PLC 0.78%
- CREDIT SAISON CO LTD 0.76%
Asset Allocation
| Weighting | Return Low | Return High | MSSIX % Rank | |
|---|---|---|---|---|
| Stocks | 95.81% | 91.15% | 102.39% | 65.85% |
| Cash | 1.60% | 0.00% | 8.90% | 63.41% |
| Preferred Stocks | 0.00% | 0.00% | 3.71% | 81.71% |
| Other | 0.00% | -2.44% | 44.35% | 84.15% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 70.37% |
| Bonds | 0.00% | 0.00% | 0.21% | 74.39% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSSIX % Rank | |
|---|---|---|---|---|
| Industrials | 22.10% | 12.46% | 32.63% | 53.09% |
| Technology | 13.79% | 9.14% | 22.43% | 33.33% |
| Financial Services | 11.09% | 2.16% | 21.69% | 70.37% |
| Consumer Cyclical | 10.91% | 9.23% | 27.42% | 71.60% |
| Real Estate | 10.86% | 0.00% | 12.22% | 16.05% |
| Basic Materials | 10.14% | 0.02% | 13.14% | 30.86% |
| Healthcare | 7.52% | 0.00% | 18.67% | 34.57% |
| Communication Services | 5.28% | 1.47% | 8.56% | 18.52% |
| Energy | 3.66% | 0.00% | 12.34% | 46.91% |
| Consumer Defense | 3.11% | 2.29% | 12.17% | 93.83% |
| Utilities | 1.54% | 0.00% | 4.57% | 60.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSSIX % Rank | |
|---|---|---|---|---|
| Non US | 94.77% | 0.00% | 99.39% | 54.88% |
| US | 1.04% | 0.00% | 102.39% | 76.83% |
MSSIX - Expenses
Operational Fees
| MSSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.08% | 7.36% | 73.17% |
| Management Fee | 0.92% | 0.05% | 1.03% | 58.54% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 17.95% |
| Administrative Fee | N/A | 0.03% | 0.25% | 58.06% |
Sales Fees
| MSSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.00% | 1.00% | N/A |
Trading Fees
| MSSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| MSSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 1.00% | 185.00% | 64.47% |
MSSIX - Distributions
Dividend Yield Analysis
| MSSIX | Category Low | Category High | MSSIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.69% | 0.00% | 3.84% | 48.78% |
Dividend Distribution Analysis
| MSSIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MSSIX | Category Low | Category High | MSSIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.43% | 0.03% | 2.41% | 24.69% |
Capital Gain Distribution Analysis
| MSSIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.266 | OrdinaryDividend |
| Dec 21, 2022 | $0.132 | OrdinaryDividend |
| Dec 22, 2021 | $0.283 | OrdinaryDividend |
| Dec 16, 2021 | $1.157 | CapitalGainLongTerm |
| Dec 22, 2020 | $0.056 | OrdinaryDividend |
| Dec 23, 2019 | $0.269 | OrdinaryDividend |
| Dec 26, 2018 | $0.129 | OrdinaryDividend |
| Dec 19, 2018 | $0.261 | CapitalGainLongTerm |
| Dec 26, 2017 | $0.173 | OrdinaryDividend |
| Dec 20, 2017 | $0.082 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.156 | OrdinaryDividend |
| Dec 29, 2015 | $0.135 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.120 | OrdinaryDividend |
| Dec 29, 2014 | $0.150 | OrdinaryDividend |
| Dec 27, 2013 | $0.198 | OrdinaryDividend |
| Dec 27, 2012 | $0.075 | OrdinaryDividend |
MSSIX - Fund Manager Analysis
Managers
Daniel LeVan
Start Date
Tenure
Tenure Rank
Aug 17, 2007
14.8
14.8%
Daniel B. LeVan, CFA, Lead Portfolio Manager, Chief Investment Officer of Victory Capital Management Inc., has been with Victory Capital Management Inc. since 2014. From 2007-2014, Mr. LeVan was a Senior Portfolio Manager of Munder Capital Management.
John Evers
Start Date
Tenure
Tenure Rank
Aug 17, 2007
14.8
14.8%
John W. Evers is a Senior Portfolio Manager of Trivalent and has been with Victory Capital since 2014. From 2007-2014, Mr. Evers was a Senior Portfolio Manager of Munder Capital Management. He has been co-manager for MCM’s international small-cap equity discipline, a member of the portfolio management team for MCM’s international core equity discipline and lead analyst of the financials sector for the international core and international small-cap equity teams since 2007. He has been lead manager and lead analyst of the financials sector for MCM’s emerging markets equity strategy since 2011. Immediately before joining MCM, Mr. Evers was a Senior Vice President and Co-Portfolio Manager for The Boston Company Asset Management (including its predecessor firms), where he was an energy sector analyst and was also responsible for a quantitative research platform and production models for 10 years.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 21.76 | 7.63 | 18.43 |
