Continue to site >
Trending ETFs

Victory Growth and Tax Strategy Fund (Formerly USAA Growth and Tax Strategy Fund)

mutual fund
UGTIX
Payout Change
Pending
Price as of:
$27.66 -0.17 -0.61%
primary theme
U.S. Conservative/Balanced Allocation
UGTIX (Mutual Fund)

Victory Growth and Tax Strategy Fund (Formerly USAA Growth and Tax Strategy Fund)

Payout Change
Pending
Price as of:
$27.66 -0.17 -0.61%
primary theme
U.S. Conservative/Balanced Allocation
UGTIX (Mutual Fund)

Victory Growth and Tax Strategy Fund (Formerly USAA Growth and Tax Strategy Fund)

Payout Change
Pending
Price as of:
$27.66 -0.17 -0.61%
primary theme
U.S. Conservative/Balanced Allocation

Name

As of 10/07/2024

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

12.2%

1 yr return

24.2%

3 Yr Avg Return

4.7%

5 Yr Avg Return

N/A

Net Assets

$781 M

Holdings in Top 10

18.8%

52 WEEK LOW AND HIGH

$27.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

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 10/07/2024

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

UGTIX - Profile

Distributions

  • YTD Total Return 12.2%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Victory Growth and Tax Strategy Fund (Formerly USAA Growth and Tax Strategy Fund)
  • Fund Family Name
    Victory Portfolios III
  • Inception Date
    Jul 14, 2020
  • Shares Outstanding
    2718539
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jacob Weaver

Fund Description

Using preset target ranges, the Fund’s strategy is to invest a majority of its assets in tax-exempt bonds and money market instruments (50% - 70%) and the remainder in blue chip stocks (30% - 50%). The Fund is managed with the goal of minimizing the impact of federal income tax to shareholders.
Read More

UGTIX - Performance

Return Ranking - Trailing

Period UGTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -2.9% 16.2% 1.91%
1 Yr 24.2% 1.3% 30.2% 1.67%
3 Yr 4.7%* -14.7% 5.8% 3.41%
5 Yr N/A* -5.4% 8.5% 0.71%
10 Yr N/A* -0.5% 7.6% 0.84%

* Annualized

Return Ranking - Calendar

Period UGTIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -1.0% 27.4% 1.44%
2022 -17.2% -35.0% -7.4% 62.86%
2021 12.8% -11.5% 14.6% 1.24%
2020 N/A -10.3% 40.7% N/A
2019 N/A -9.5% 22.1% N/A

Total Return Ranking - Trailing

Period UGTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.2% -2.9% 16.2% 1.91%
1 Yr 24.2% 1.3% 30.2% 1.67%
3 Yr 4.7%* -14.7% 5.8% 3.41%
5 Yr N/A* -5.4% 8.5% 3.68%
10 Yr N/A* -0.5% 7.6% 0.82%

* Annualized

Total Return Ranking - Calendar

Period UGTIX Return Category Return Low Category Return High Rank in Category (%)
2023 16.1% 2.6% 28.2% 2.16%
2022 -15.9% -35.0% -3.1% 91.26%
2021 14.8% -11.5% 32.0% 2.74%
2020 N/A -5.4% 40.7% N/A
2019 N/A 4.5% 27.7% N/A

NAV & Total Return History


UGTIX - Holdings

Concentration Analysis

UGTIX Category Low Category High UGTIX % Rank
Net Assets 781 M 291 K 50.8 B 40.19%
Number of Holdings 764 2 4065 19.14%
Net Assets in Top 10 152 M 284 K 10.3 B 66.27%
Weighting of Top 10 18.83% 9.7% 111.4% 87.32%

Top 10 Holdings

  1. MICROSOFT CORP 3.67%
  2. APPLE INC 3.47%
  3. NVIDIA CORP 3.34%
  4. AMAZON COM INC 1.74%
  5. META PLATFORMS INC 1.30%
  6. ALPHABET INC CLASS A 1.21%
  7. ALPHABET INC CLASS C 1.14%
  8. NEW YORK NY 1.07%
  9. NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY 0.97%
  10. PORT OF PORT ARTHUR NAVIGATION DISTRICT 0.91%

Asset Allocation

Weighting Return Low Return High UGTIX % Rank
Bonds
51.77% 0.00% 79.74% 19.38%
Stocks
47.91% 0.00% 100.08% 68.42%
Cash
0.32% -35.68% 25.19% 68.66%
Preferred Stocks
0.00% 0.00% 21.95% 95.45%
Other
0.00% -0.45% 61.72% 89.95%
Convertible Bonds
0.00% 0.00% 71.77% 99.76%

Stock Sector Breakdown

Weighting Return Low Return High UGTIX % Rank
Technology
25.78% 0.22% 27.92% 2.43%
Financial Services
13.69% 0.00% 83.50% 75.91%
Healthcare
13.19% 0.00% 24.25% 52.55%
Consumer Cyclical
11.93% 0.00% 14.20% 9.00%
Communication Services
9.09% 0.00% 11.11% 8.03%
Industrials
8.54% 0.14% 17.90% 86.37%
Consumer Defense
6.21% 0.00% 18.62% 71.53%
Energy
4.03% 0.00% 62.93% 74.45%
Real Estate
2.62% 0.00% 43.16% 86.62%
Basic Materials
2.49% 0.00% 32.82% 92.94%
Utilities
2.43% 0.00% 48.33% 82.24%

Stock Geographic Breakdown

Weighting Return Low Return High UGTIX % Rank
US
47.91% 0.00% 100.08% 63.64%
Non US
0.00% 0.00% 23.24% 95.22%

Bond Sector Breakdown

Weighting Return Low Return High UGTIX % Rank
Municipal
99.85% 0.00% 99.85% 0.72%
Derivative
0.00% -0.45% 61.72% 83.25%
Cash & Equivalents
0.00% 0.00% 25.19% 99.04%
Securitized
0.00% 0.00% 52.08% 98.79%
Corporate
0.00% 0.00% 96.66% 99.76%
Government
0.00% 0.00% 63.33% 99.76%

Bond Geographic Breakdown

Weighting Return Low Return High UGTIX % Rank
US
51.77% 0.00% 79.74% 18.42%
Non US
0.00% 0.00% 7.66% 94.98%

UGTIX - Expenses

Operational Fees

UGTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.06% 21.26% 88.04%
Management Fee 0.27% 0.00% 1.25% 53.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

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

Trading Fees

UGTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

UGTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 380.00% 44.33%

UGTIX - Distributions

Dividend Yield Analysis

UGTIX Category Low Category High UGTIX % Rank
Dividend Yield 2.01% 0.00% 7.99% 83.25%

Dividend Distribution Analysis

UGTIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

UGTIX Category Low Category High UGTIX % Rank
Net Income Ratio 1.80% -1.22% 6.83% 45.63%

Capital Gain Distribution Analysis

UGTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

UGTIX - Fund Manager Analysis

Managers

Jacob Weaver


Start Date

Tenure

Tenure Rank

Jun 30, 2012

9.92

9.9%

Jake Weaver is a Director on the Global Equity team, where he is responsible for the Index and various Engineered Equity portfolio management teams.  Jake is also a Senior Portfolio Manager responsible for the implementation of several Engineered Equity strategies specializing in Tax Advantaged Equity and Quality Dividend Focus strategies. Prior to rejoining the Global Equity team in Chicago in 2010, Jake was the Head of International Indexing in Northern Trust’s London office, overseeing a team of portfolio managers investing to various international indexes.  Prior to this role, Jake spent six years as a portfolio manager focused on Engineered Equity strategies including Quality Small Cap Core and Tax Advantaged Equity. Jake received a B.S. degree in Finance from the University of Illinois at Urbana-Champaign and an MBA from the University of Chicago Booth School of Business with concentrations in Finance and Organizational Behavior.  He is a CFA charterholder and a Certified Public Accountant.  He is a member of the CFA Society of Chicago and the CFA Institute.

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.

Andrew Hattman


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Andrew Hattman, CFA, CAIA, Victory Capital Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has eight years of investment management experience, all of which have been with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Mr. Hattman holds CFA and CAIA designations.

Mary Lukic


Start Date

Tenure

Tenure Rank

Jun 30, 2019

2.92

2.9%

Mary Lukic, CFP® is a Senior Vice President at the Northern Trust Company, Chicago. Mary is a Team Leader on the Global Equity team where she is responsible for the Tax Advantaged Equity team and various Engineered Equity portfolio management strategies. She is also a Senior Portfolio Manager responsible for implementation of Tax Advantaged Equity strategies, Quality Dividend Focus and Quality ESG strategies. Mary has extensive experience working with high net worth families, nuclear decommissioning trusts, settlement trusts, insurance companies, VEBAs, foundations and other taxable and tax exempt clients. Prior to joining Global Equity in 2006, Mary worked as a relationship manager in the Wealth Management Fiduciary department responsible for trust administration and working with families to provide comprehensive and flexible investment management, fiduciary and tax solutions to families and individuals. Mary received her B.S. degree in Finance from Illinois State University and an M.B.A. degree in finance and accounting from the University of Chicago Booth School of Business. She is a Certified Financial Planner™  and a member of the Financial Planning Association.

Regina Conklin


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Regina G. Conklin, CFA, CPA, Victory Capital Senior Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has 24 years of investment management experience, and has worked 28 years with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Ms. Conklin is a member of the CFA Institute, the CFA Society of San Antonio, and the National Federation of Municipal Analysts.

Lauren Spalten


Start Date

Tenure

Tenure Rank

Mar 08, 2021

1.23

1.2%

Lauren Spalten is a Portfolio Manager with USAA Investments, A Victory Capital Investment Franchise, and has managed the Funds since March 2021. In 2018, Ms. Spalten joined USAA Investments as a Municipal Analyst covering the Southeast region. Prior to joining USAA, Lauren was an Associate Director at Standard & Poor's (now S&P Global Ratings), where she specialized in evaluating creditworthiness of state and local governments across the Southwest United States. Lauren has additional experience in commercial real estate development and business plan development, primarily for medical and non-profit entities.

Michelle Kelley


Start Date

Tenure

Tenure Rank

Mar 11, 2022

0.22

0.2%

Michelle Kelley is a Senior Portfolio Manager and team leader on the Global Equity team responsible for implementation of several quantitative equity strategies specializing in Quality Dividend Focus, Quality ESG, and Tax Advantaged Equity. Prior to joining Global Equity in 2011, Michelle was a Senior Investment Consultant serving ultra-high net worth clients. In this position, Michelle worked with clients to develop investment policies, asset allocation recommendations, and investment manager selection. Michelle received a B.S. degree in Finance, with high distinction, from the University of Illinois at Chicago. She received her MBA from the University of Chicago with concentrations in Finance and Economics. She is a CFA charterholder and a member of the CFA Society of Chicago. Michelle has also received the Certified Financial Planner™ designation. In addition to Michelle’s work at Northern, she is an adjunct professor at Governors State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.35 2.41