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Victory RS Science and Technology Fund
RIFYX (Mutual Fund)
Victory RS Science and Technology Fund
Name
As of 10/07/2024Price
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
21.7%
1 yr return
39.6%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
10.2%
Net Assets
$190 M
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
$27.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 46.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
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
RIFYX - Profile
Distributions
- YTD Total Return 21.7%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory RS Science and Technology Fund
-
Fund Family NameVictory Portfolios
-
Inception DateAug 02, 2016
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Bishop
Fund Description
The Adviser pursues the Fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in science and/or technology companies. The Fund principally 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 Fund may invest in companies of any size.The Adviser performs in-depth analysis in search of what it believes are innovative companies that drive market share gains in technology, leading to sustainable earnings growth, and long-term stock price appreciation. The Adviser employs both fundamental analysis and quantitative screening to identify potential investment candidates with greater earnings potential than expected by the market. Investment candidates typically exhibit some or all of the following key criteria: strong organic revenue growth, expanding margins and profitability, defensible competitive advantages, growing market share, and experienced management teams. Valuation is an integral part of the investment process and purchase decisions are based on the potential reward relative to risk of each security based in part on the Adviser’s proprietary earnings calculations.A particular company will be considered to be a science or technology company if the Adviser determines that it applies scientific or technological developments or discoveries to grow its business or increase its competitive advantage. Science and technology companies also include companies whose products, processes, or services, in the opinion of the Adviser, are being, or are expected to be, significantly benefited by the use or commercial application of scientific or technological developments or discoveries. The Fund also invests in companies that utilize science and/or technology as an agent of change to significantly enhance their business opportunities.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.
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RIFYX - Performance
Return Ranking - Trailing
| Period | RIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.7% | -23.0% | 45.9% | 42.73% |
| 1 Yr | 39.6% | -11.7% | 71.4% | 40.91% |
| 3 Yr | -3.6%* | -34.8% | 27.9% | 82.41% |
| 5 Yr | 10.2%* | -10.4% | 36.0% | 86.80% |
| 10 Yr | N/A* | 0.8% | 29.0% | 85.96% |
* Annualized
Return Ranking - Calendar
| Period | RIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.9% | -5.6% | 96.9% | 75.80% |
| 2022 | -45.8% | -73.9% | -16.4% | 78.70% |
| 2021 | -20.7% | -44.6% | 51.5% | 93.02% |
| 2020 | 56.7% | 5.5% | 154.1% | 21.39% |
| 2019 | 28.6% | -3.0% | 63.7% | 69.63% |
Total Return Ranking - Trailing
| Period | RIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.7% | -23.0% | 45.9% | 42.73% |
| 1 Yr | 39.6% | -11.7% | 71.4% | 40.91% |
| 3 Yr | -3.6%* | -34.8% | 27.9% | 82.41% |
| 5 Yr | 10.2%* | -10.4% | 36.0% | 86.80% |
| 10 Yr | N/A* | 0.8% | 29.0% | 84.53% |
* Annualized
Total Return Ranking - Calendar
| Period | RIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.9% | -2.3% | 96.9% | 84.93% |
| 2022 | -43.4% | -67.5% | -5.9% | 82.41% |
| 2021 | -9.0% | -17.8% | 59.2% | 95.35% |
| 2020 | 65.4% | 17.5% | 157.5% | 22.39% |
| 2019 | 39.7% | 7.5% | 66.9% | 50.26% |
NAV & Total Return History
RIFYX - Holdings
Concentration Analysis
| RIFYX | Category Low | Category High | RIFYX % Rank | |
|---|---|---|---|---|
| Net Assets | 190 M | 4.67 M | 81.2 B | 73.30% |
| Number of Holdings | 92 | 10 | 317 | 18.55% |
| Net Assets in Top 10 | 85.3 M | 1.67 M | 48.8 B | 72.40% |
| Weighting of Top 10 | 45.89% | 13.8% | 100.0% | 67.42% |
Top 10 Holdings
- MICROSOFT CORP 8.54%
- NVIDIA CORP 8.12%
- META PLATFORMS INC 6.72%
- AMAZON COM INC 5.12%
- ELI LILLY CO 3.69%
- VARONIS SYSTEMS INC 2.94%
- MACOM TECHNOLOGY SOLUTIONS HOL 2.93%
- APPLOVIN CORP 2.93%
- SERVICENOW INC 2.51%
- FAIR ISAAC CORP 2.37%
Asset Allocation
| Weighting | Return Low | Return High | RIFYX % Rank | |
|---|---|---|---|---|
| Stocks | 96.34% | 0.00% | 100.77% | 82.81% |
| Cash | 3.43% | 0.00% | 30.34% | 24.89% |
| Other | 0.00% | -0.02% | 26.87% | 23.53% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 48.87% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 38.46% |
| Bonds | 0.00% | 0.00% | 87.98% | 38.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RIFYX % Rank | |
|---|---|---|---|---|
| Technology | 53.03% | 2.80% | 100.00% | 85.97% |
| Healthcare | 25.57% | 0.00% | 25.57% | 0.90% |
| Communication Services | 8.32% | 0.00% | 97.05% | 64.71% |
| Consumer Cyclical | 6.05% | 0.00% | 32.97% | 51.13% |
| Financial Services | 4.30% | 0.00% | 38.36% | 47.96% |
| Consumer Defense | 1.27% | 0.00% | 5.64% | 3.62% |
| Basic Materials | 0.79% | 0.00% | 2.38% | 1.81% |
| Industrials | 0.67% | 0.00% | 38.68% | 53.85% |
| Utilities | 0.00% | 0.00% | 5.17% | 37.10% |
| Real Estate | 0.00% | 0.00% | 15.05% | 50.23% |
| Energy | 0.00% | 0.00% | 1.24% | 37.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RIFYX % Rank | |
|---|---|---|---|---|
| US | 96.34% | 0.00% | 100.77% | 47.06% |
| Non US | 0.00% | 0.00% | 60.23% | 67.42% |
RIFYX - Expenses
Operational Fees
| RIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.29% | 0.08% | 5.04% | 30.00% |
| Management Fee | 1.00% | 0.03% | 1.95% | 91.40% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 13.93% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| RIFYX 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
| RIFYX 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.
| RIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 46.00% | 0.69% | 281.00% | 62.50% |
RIFYX - Distributions
Dividend Yield Analysis
| RIFYX | Category Low | Category High | RIFYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 58.82% |
Dividend Distribution Analysis
| RIFYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Monthly | Annual |
Net Income Ratio Analysis
| RIFYX | Category Low | Category High | RIFYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.05% | -2.30% | 2.08% | 80.18% |
Capital Gain Distribution Analysis
| RIFYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2022 | $0.794 | CapitalGainLongTerm |
| Dec 16, 2021 | $4.451 | CapitalGainLongTerm |
| Dec 16, 2020 | $2.164 | OrdinaryDividend |
| Dec 17, 2019 | $0.225 | CapitalGainShortTerm |
| Dec 17, 2019 | $1.911 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.637 | CapitalGainShortTerm |
| Dec 19, 2018 | $2.375 | CapitalGainLongTerm |
| Dec 20, 2017 | $1.216 | CapitalGainShortTerm |
| Dec 20, 2017 | $2.506 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.635 | CapitalGainShortTerm |
| Dec 28, 2016 | $1.642 | CapitalGainLongTerm |
RIFYX - Fund Manager Analysis
Managers
Stephen Bishop
Start Date
Tenure
Tenure Rank
Jul 11, 2001
20.9
20.9%
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.
Paul Leung
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
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.
Christopher Clark
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |
