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Trending ETFs

Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)

mutual fund
UGOFX
Payout Change
Pending
Price as of:
$11.84 -0.05 -0.42%
primary theme
N/A
share class
UGOFX (Mutual Fund)

Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)

Payout Change
Pending
Price as of:
$11.84 -0.05 -0.42%
primary theme
N/A
share class
UGOFX (Mutual Fund)

Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)

Payout Change
Pending
Price as of:
$11.84 -0.05 -0.42%
primary theme
N/A
share class

Name

As of 12/09/2024

Price

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

17.8%

1 yr return

22.3%

3 Yr Avg Return

6.5%

5 Yr Avg Return

9.5%

Net Assets

$518 M

Holdings in Top 10

22.0%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

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 12/09/2024

Price

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

UGOFX - Profile

Distributions

  • YTD Total Return 17.8%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.45%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)
  • Fund Family Name
    Victory Portfolios III
  • Inception Date
    Aug 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Lance Humphrey

Fund Description

The Fund’s principal strategy is to combine a portfolio of domestic and foreign equity securities, including emerging markets securities, designed to provide growth with lower volatility. The Fund primarily invests in stocks that exhibit high-quality characteristics such as high levels of profitability and stable earnings, which may lower volatility in the Fund’s returns. The Fund uses quantitative analysis to allocate exposure to various quality factors to limit the amount of risk any individual factor contributes to the Fund and to reduce the Fund’s volatility. The Fund’s portfolio construction process generally seeks to maintain a target beta below the MSCI All-Country World Index (the “benchmark”), which the portfolio manager believes will provide the potential for long-term capital appreciation while maintaining lower volatility than the benchmark.To a limited extent, the Fund may invest in exchange-traded funds (“ETF”) and affiliated ETFs. Additionally, in certain instances, the Fund may use alternative investment strategies such as an option-based risk-management strategy, which involves purchasing and selling options on component indices or corresponding ETFs. This option strategy may not fully protect the Fund against declines in the value of its portfolio, and the Fund could experience a loss. The Fund can also invest in other derivatives, including equity futures. Futures typically are used as a liquid and economical means of managing tactical allocations to asset classes or factors.
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UGOFX - Performance

Return Ranking - Trailing

Period UGOFX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.8% -35.6% 29.2% 40.38%
1 Yr 22.3% 17.3% 252.4% 83.98%
3 Yr 6.5%* -3.5% 34.6% 82.12%
5 Yr 9.5%* 0.1% 32.7% 75.97%
10 Yr 7.9%* -6.9% 18.3% 92.02%

* Annualized

Return Ranking - Calendar

Period UGOFX Return Category Return Low Category Return High Rank in Category (%)
2023 17.7% -24.3% 957.1% 79.91%
2022 -22.2% -38.3% 47.1% 72.82%
2021 -3.3% -54.2% 0.6% 29.07%
2020 2.2% -76.0% 54.1% 51.54%
2019 17.1% -26.1% 47.8% 26.00%

Total Return Ranking - Trailing

Period UGOFX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.8% -35.6% 29.2% 41.50%
1 Yr 22.3% 11.4% 252.4% 81.36%
3 Yr 6.5%* -3.5% 34.6% 80.05%
5 Yr 9.5%* 0.1% 32.7% 75.03%
10 Yr 7.9%* -6.9% 18.3% 91.28%

* Annualized

Total Return Ranking - Calendar

Period UGOFX Return Category Return Low Category Return High Rank in Category (%)
2023 19.8% -24.3% 957.1% 79.91%
2022 -15.7% -33.1% 47.1% 73.07%
2021 21.3% -44.4% 1.8% 49.66%
2020 6.4% -6.5% 54.1% 70.28%
2019 22.0% -14.4% 47.8% 44.34%

NAV & Total Return History


UGOFX - Holdings

Concentration Analysis

UGOFX Category Low Category High UGOFX % Rank
Net Assets 518 M 199 K 133 B 46.71%
Number of Holdings 379 1 9075 12.33%
Net Assets in Top 10 113 M -18 M 37.6 B 54.41%
Weighting of Top 10 22.01% 9.1% 100.0% 84.78%

Top 10 Holdings

  1. APPLE INC 4.33%
  2. MICROSOFT CORP 3.40%
  3. NVIDIA CORP 3.09%
  4. ALPHABET INC CLASS C 2.37%
  5. META PLATFORMS INC 1.91%
  6. MASTERCARD INC CLASS A 1.60%
  7. PHILIP MORRIS INTERNATIONAL INC 1.46%
  8. LOCKHEED MARTIN CORP 1.36%
  9. COLGATE PALMOLIVE CO 1.26%
  10. PROCTER GAMBLE CO 1.22%

Asset Allocation

Weighting Return Low Return High UGOFX % Rank
Stocks
98.93% 61.84% 125.47% 8.26%
Cash
0.21% -174.70% 23.12% 88.00%
Preferred Stocks
0.00% -0.01% 5.28% 53.52%
Other
0.00% -13.98% 19.14% 57.71%
Convertible Bonds
0.00% 0.00% 4.46% 47.91%
Bonds
0.00% -1.50% 161.67% 50.11%

Stock Sector Breakdown

Weighting Return Low Return High UGOFX % Rank
Technology
21.24% 0.00% 49.87% 30.73%
Healthcare
14.62% 0.00% 35.42% 78.85%
Financial Services
14.54% 0.00% 38.42% 68.39%
Consumer Defense
11.75% 0.00% 73.28% 20.26%
Industrials
10.78% 0.00% 44.06% 30.18%
Consumer Cyclical
10.21% 0.00% 40.94% 32.27%
Communication Services
9.95% 0.00% 57.66% 39.43%
Basic Materials
3.59% 0.00% 38.60% 61.78%
Energy
2.77% 0.00% 21.15% 30.29%
Utilities
0.30% 0.00% 29.12% 65.31%
Real Estate
0.25% 0.00% 39.48% 72.03%

Stock Geographic Breakdown

Weighting Return Low Return High UGOFX % Rank
US
64.46% 0.13% 103.82% 31.50%
Non US
34.47% 0.58% 99.46% 58.70%

UGOFX - Expenses

Operational Fees

UGOFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 44.27% 84.04%
Management Fee 0.60% 0.00% 1.82% 30.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.76% 29.97%

Sales Fees

UGOFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UGOFX 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.

UGOFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 395.00% 84.06%

UGOFX - Distributions

Dividend Yield Analysis

UGOFX Category Low Category High UGOFX % Rank
Dividend Yield 1.50% 0.00% 3.26% 47.81%

Dividend Distribution Analysis

UGOFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

UGOFX Category Low Category High UGOFX % Rank
Net Income Ratio 1.45% -4.27% 12.65% 30.80%

Capital Gain Distribution Analysis

UGOFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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UGOFX - Fund Manager Analysis

Managers

Lance Humphrey


Start Date

Tenure

Tenure Rank

May 01, 2016

6.08

6.1%

Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.

Mannik Dhillon


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25