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Victory Sustainable World Fund (Formerly USAA Sustainable World Fund)
mutual fund
USWGX
Payout Change
Pending
Price as of:
$32.49
-0.19
-0.58%
primary theme
N/A
share class
USWGX (Mutual Fund)
Victory Sustainable World Fund (Formerly USAA Sustainable World Fund)
Payout Change
Pending
Price as of:
$32.49
-0.19
-0.58%
primary theme
N/A
share class
USWGX (Mutual Fund)
Victory Sustainable World Fund (Formerly USAA Sustainable World Fund)
Payout Change
Pending
Price as of:
$32.49
-0.19
-0.58%
primary theme
N/A
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
$32.49
$1.3 B
0.65%
$0.21
1.90%
Vitals
YTD Return
21.6%
1 yr return
26.2%
3 Yr Avg Return
6.9%
5 Yr Avg Return
11.0%
Net Assets
$1.3 B
Holdings in Top 10
22.7%
52 WEEK LOW AND HIGH
$32.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.90%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 88.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
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
$32.49
$1.3 B
0.65%
$0.21
1.90%
USWGX - Profile
Distributions
- YTD Total Return 21.6%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 11.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.53%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Sustainable World Fund (Formerly USAA Sustainable World Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateSep 17, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerU-Wen Kok
Fund Description
The Fund’s principal investment strategy is to invest its assets primarily in equity securities of both foreign (including emerging markets) and domestic issuers. Under normal circumstances, the Fund expects to invest at least 40% of its assets in foreign securities (unless market conditions are not deemed favorable by Fund management, in which case the Fund would invest at least 30% of its assets in foreign securities). The “equity securities” in which the Fund principally invests are common stocks, depositary receipts, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks.The Fund normally invests its assets in investments that are tied economically to a number of countries throughout the world. A significant portion of the Fund's assets are in the securities of issuers organized or located outside the United States, whose primary listing exchange for securities is located outside the United States, or whose largest amount of revenues or profits are derived from countries outside the United States. Under normal market conditions, the Fund’s investments will be diversified in at least three countries, one of which is the United States, and may include developed and emerging market countries. The Fund may invest a significant percentage of its assets in securities of issuers in a single country, a small number of countries, or a particular geographic region.The Fund’s portfolio managers use a combination of quantitative analysis as well as an active bottom-up investment approach to buying and selling investments. A quantitative process is used to systematically evaluate an issuer’s valuation, price and earnings momentum, earnings quality, and other factors also may be considered. Investments are also selected based on fundamental analysis of individual issuers and their potential in light of their financial condition and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuer’s earnings, cash flows, competitive position, and management ability.While these terms are often used interchangeably in the investment industry, for purposes of the Fund, the portfolio managers primarily focus on integrating sustainable investing, responsible investing, or environmental, social, and governance (“ESG”) analysis (collectively referred to as “sustainable investing”), which generally is understood to entail incorporating financially material ESG considerations into the investment process in order to seek better risk-adjusted returns. Such considerations can include, for example, environmental implications, such as a company’s commitment to reducing carbon emissions, adoption of corporate cultural policies that promote employee inclusion and diversity, fair labor practices, measures to protect privacy and data security, and responsible supply chain management. The portfolio managers evaluate these non-financial factors alongside more traditional financial, macroeconomic, and other qualitative indicators in an effort to enhance performance, manage investment risks, and identify emerging investment risks or investment opportunities. In arriving at an investment decision, an investment team can take into account a variety of information from industry sources, independent research, company disclosures, and discussions with a company’s management regarding the company’s commitment and position, relative to other companies being evaluated, about sustainable investing issues and applies its experienced, qualitative judgment to this information and other available fundamental factors. Third-party ESG ratings can be considered in an investment team’s investment process; however, such ratings are only one factor considered as it relates to a company’s sustainability initiatives and no rating is definitive in making an investment decision. Furthermore, a team may disagree with the analysis provided by third party research. Sustainable investing principles and considerations are not an exclusive factor, but rather an additional inclusive consideration to an investment team's process. The sustainable investing factors considered, the types of information used, and the integration of those factors and information into the investment process varies by investment team.
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USWGX - Performance
Return Ranking - Trailing
| Period | USWGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.6% | -35.6% | 29.2% | 48.21% |
| 1 Yr | 26.2% | 17.3% | 252.4% | 65.34% |
| 3 Yr | 6.9%* | -3.5% | 34.6% | 37.59% |
| 5 Yr | 11.0%* | 0.1% | 32.7% | 47.52% |
| 10 Yr | 9.6%* | -6.9% | 18.3% | 31.54% |
* Annualized
Return Ranking - Calendar
| Period | USWGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.4% | -24.3% | 957.1% | 59.46% |
| 2022 | -22.2% | -38.3% | 47.1% | 99.37% |
| 2021 | -0.9% | -54.2% | 0.6% | 55.72% |
| 2020 | 10.4% | -76.0% | 54.1% | 50.66% |
| 2019 | -6.8% | -26.1% | 47.8% | 33.81% |
Total Return Ranking - Trailing
| Period | USWGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.6% | -35.6% | 29.2% | 49.11% |
| 1 Yr | 26.2% | 11.4% | 252.4% | 80.68% |
| 3 Yr | 6.9%* | -3.5% | 34.6% | 52.31% |
| 5 Yr | 11.0%* | 0.1% | 32.7% | 59.87% |
| 10 Yr | 9.6%* | -6.9% | 18.3% | 38.96% |
* Annualized
Total Return Ranking - Calendar
| Period | USWGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.3% | -24.3% | 957.1% | 59.46% |
| 2022 | -20.2% | -33.1% | 47.1% | 99.62% |
| 2021 | 17.6% | -44.4% | 1.8% | 70.26% |
| 2020 | 15.4% | -6.5% | 54.1% | 67.94% |
| 2019 | 31.7% | -14.4% | 47.8% | 52.63% |
NAV & Total Return History
USWGX - Holdings
Concentration Analysis
| USWGX | Category Low | Category High | USWGX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.3 B | 199 K | 133 B | 24.34% |
| Number of Holdings | 553 | 1 | 9075 | 5.62% |
| Net Assets in Top 10 | 327 M | -18 M | 37.6 B | 36.12% |
| Weighting of Top 10 | 22.72% | 9.1% | 100.0% | 81.81% |
Top 10 Holdings
- NVIDIA CORP 3.84%
- APPLE INC 3.46%
- MICROSOFT CORP 3.31%
- ALPHABET INC CLASS C 2.15%
- META PLATFORMS INC 2.05%
- AMAZON COM INC 1.87%
- ELI LILLY CO 1.83%
- JPMORGAN CHASE CO 1.45%
- TAIWAN SEMICONDUCTOR MANUFACTU 1.43%
- TENCENT HOLDINGS LTD 1.33%
Asset Allocation
| Weighting | Return Low | Return High | USWGX % Rank | |
|---|---|---|---|---|
| Stocks | 96.75% | 61.84% | 125.47% | 6.06% |
| Cash | 1.25% | -174.70% | 23.12% | 95.15% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 73.02% |
| Other | 0.00% | -13.98% | 19.14% | 19.27% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 70.15% |
| Bonds | 0.00% | -1.50% | 161.67% | 71.15% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | USWGX % Rank | |
|---|---|---|---|---|
| Technology | 22.28% | 0.00% | 49.87% | 47.47% |
| Financial Services | 16.64% | 0.00% | 38.42% | 26.98% |
| Healthcare | 12.74% | 0.00% | 35.42% | 64.98% |
| Consumer Cyclical | 12.56% | 0.00% | 40.94% | 56.06% |
| Industrials | 9.14% | 0.00% | 44.06% | 36.34% |
| Communication Services | 7.92% | 0.00% | 57.66% | 45.15% |
| Consumer Defense | 6.10% | 0.00% | 73.28% | 58.48% |
| Energy | 4.54% | 0.00% | 21.15% | 19.93% |
| Basic Materials | 3.67% | 0.00% | 38.60% | 45.26% |
| Utilities | 2.30% | 0.00% | 29.12% | 44.27% |
| Real Estate | 2.12% | 0.00% | 39.48% | 57.93% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | USWGX % Rank | |
|---|---|---|---|---|
| US | 58.44% | 0.13% | 103.82% | 50.00% |
| Non US | 38.30% | 0.58% | 99.46% | 39.76% |
USWGX - Expenses
Operational Fees
| USWGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.90% | 0.01% | 44.27% | 36.37% |
| Management Fee | 0.76% | 0.00% | 1.82% | 60.94% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.02% |
| Administrative Fee | 0.15% | 0.01% | 0.76% | 76.55% |
Sales Fees
| USWGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.50% | 5.75% | 23.20% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| USWGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 100.00% |
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.
| USWGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 88.00% | 0.00% | 395.00% | 88.42% |
USWGX - Distributions
Dividend Yield Analysis
| USWGX | Category Low | Category High | USWGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.65% | 0.00% | 3.26% | 69.47% |
Dividend Distribution Analysis
| USWGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| USWGX | Category Low | Category High | USWGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.53% | -4.27% | 12.65% | 52.61% |
Capital Gain Distribution Analysis
| USWGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.211 | OrdinaryDividend |
| Dec 21, 2022 | $0.044 | OrdinaryDividend |
| Dec 14, 2022 | $0.535 | CapitalGainLongTerm |
| Dec 22, 2021 | $0.132 | OrdinaryDividend |
| Dec 16, 2021 | $4.951 | OrdinaryDividend |
| Dec 22, 2020 | $0.114 | OrdinaryDividend |
| Dec 16, 2020 | $1.135 | CapitalGainLongTerm |
| Dec 23, 2019 | $0.272 | OrdinaryDividend |
| Dec 17, 2019 | $0.114 | CapitalGainShortTerm |
| Dec 17, 2019 | $10.034 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.190 | OrdinaryDividend |
| Dec 10, 2018 | $0.049 | CapitalGainShortTerm |
| Dec 10, 2018 | $1.626 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.000 | OrdinaryDividend |
| Dec 08, 2017 | $0.070 | CapitalGainShortTerm |
| Dec 08, 2017 | $1.116 | CapitalGainLongTerm |
| Dec 13, 2016 | $0.138 | OrdinaryDividend |
| Dec 08, 2016 | $0.009 | CapitalGainShortTerm |
| Dec 08, 2016 | $0.561 | CapitalGainLongTerm |
| Dec 08, 2015 | $0.016 | CapitalGainShortTerm |
| Dec 08, 2015 | $0.544 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.244 | OrdinaryDividend |
| Dec 08, 2014 | $0.075 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.359 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.166 | OrdinaryDividend |
| Dec 06, 2013 | $0.015 | CapitalGainShortTerm |
| Dec 06, 2013 | $0.421 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.138 | OrdinaryDividend |
| Dec 07, 2012 | $0.009 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.117 | OrdinaryDividend |
| Dec 29, 2010 | $0.099 | OrdinaryDividend |
USWGX - Fund Manager Analysis
Managers
U-Wen Kok
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
U-Wen Kok is the Chief Investment Officer of the RS Global team and has co-managed the Fund since July 2019. From 2013 to 2016, she was with RS Investment Management Co. LLC, which was acquired by Victory Capital in 2016. Before joining RS Investments in 2013, Ms. Kok served over fifteen years as a portfolio manager or portfolio management consultant at RBC Global Asset Management, BMO Asset Management, Barclays Global Investors and Ontario Teachers’ Pension Plan Board. Ms. Kok is a CFA ® charterholder
Adam Mezan
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Adam Mezan has been a member of the RS Developed Markets team since 2014 and has been an associate portfolio manager/analyst of the Fund since May 2018. Prior to joining RS Investments in 2014, Mr. Mezan worked at Nomura Asset Management in London, covering global industrials and auto sectors. Previously, he worked at CIBC World Markets, performing fundamental research on North American business/industrial services companies. Mr. Mezan holds a BA from Duke University and an MBA from the University of Chicago. Mr. Mezan is a CFA charterholder.
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.
Jeffrey Sullivan
Start Date
Tenure
Tenure Rank
Aug 03, 2020
1.82
1.8%
Jeffrey R. Sullivan, CFA,is a Senior Portfolio Manager of Trivalent and has been with Victory Capital Management Inc or an affiliate since 2014 From 2007-2014, Mr. Sullivan was a Senior Portfolio Manager of Munder Capital Management, where he a member of the portfolio management team of the Fund's predecessor fund since 2007. Mr. Sullivan is a CFA charterholder.
Michael Koskuba
Start Date
Tenure
Tenure Rank
Aug 03, 2020
1.82
1.8%
Mr. Koskuba is a Senior Portfolio Manager/Analyst of NewBridge. He is a member of the Large Cap Growth Equity Portfolio Management Team. He joined Victory and/or an affiliate in 1999 following 5 years prior investment experience. Prior to joining Victory, he was a Portfolio Manager/ Analyst in the Campbell, Cowperthwait division of U.S. Trust Company. Mr. Koskuba is frequently asked by the financial press for his outlook on the equity markets and on specific securities. He has appeared in a variety of publications and media outlets including: Bloomberg Television, Bloomberg Radio, Bloomberg News, CNBC, Dow Jones, Reuters, Market Watch, The Wall Street Journal and others. Mr. Koskuba holds a Bachelor of Arts in International Studies from Muhlenberg College and a Master of Business Administration in Finance from Fordham University.
Robert Harris
Start Date
Tenure
Tenure Rank
Aug 03, 2020
1.82
1.8%
Robert J. Harris is the Chief Investment Officer of the RS Value team and has co-managed the Fund since August 2020. From 2005 to 2016, he was an analyst with RS Investment Management Co. LLC, which was acquired by Victory Capital in 2016. Before joining RS Investments, he was a financial services analyst at Dresdner RCM Global Investors, LLC. Previously, he was a marketing associate for Chevron Texaco Corporation. He also spent seven years as a flight engineer in the United States Air Force.
Maria Freund
Start Date
Tenure
Tenure Rank
Aug 03, 2020
1.82
1.8%
Maria Freund is a portfolio manager of Sophus. Ms. Freund joined Victory Capital in 2016 in connection with Victory Capital’s acquisition of RS Investments.Maria Freund has been a portfolio manager since 2015. At RS Investments she was an emerging markets analyst. Prior to joining RS Investments in 2012, she was an analyst at Principal Global Investors for the emerging markets team. Previously, she was an analyst at Principal Global Investors for the international developed team, having joined the firm in 2003. Maria holds a B.A. in finance and international business from Loras College, and an M.B.A from the Tippie College of Business at the University of Iowa. Maria is a CFA Charterholder.
Joseph Mainelli
Start Date
Tenure
Tenure Rank
Aug 03, 2020
1.82
1.8%
Joseph Mainelli is a member of the RS Value team since 2012. Joseph Mainelli is an investment analyst at RS Investments focused on the RS Value domestic equity strategies. Prior to joining RS Investments in 2007, he was an equity research analyst focusing on small- and mid-cap value investments at David J. Greene & Company for three years. Prior to that, he was an equity research analyst at the hedge funds of Sagamore Hill Capital and ING Furman Selz Asset Management. Joe holds a B.A. in anthropology from Princeton University and an M.B.A. from Columbia Business School.
Christopher Cuesta
Start Date
Tenure
Tenure Rank
Mar 19, 2021
1.2
1.2%
Christopher Cuesta is Chief Investment Officer of THB Asset Management. In this role, he maintains overall responsibility for the investment team. He is a portfolio manager on the firm’s Mid Cap, Small Cap, International Opportunities and US Micro Cap strategies. THB Asset Management was acquired by Victory Capital in March 2021 and is a Victory Capital Investment Franchise. Mr. Cuesta has been with THB since 2002 and has 25 years of investment experience. Prior to joining THB, Mr. Cuesta worked for Salomon Smith Barney and Van Eck Global. Mr. Cuesta received a B.S. from Fordham University in 1995. He is a CFA® charterholder.
Manish Maheshwari
Start Date
Tenure
Tenure Rank
Mar 19, 2021
1.2
1.2%
Manish Maheshwari is a portfolio manager for THB Asset Management. He serves as a portfolio manager on the firm’s Mid Cap, Small Cap, International Opportunities and US Micro Cap strategies. THB Asset Management was acquired by Victory Capital in March 2021 and is a Victory Capital Investment Franchise. Mr. Maheshwari has been a member of the THB team since 2011 and he has 22 years of experience. Prior to joining THB, Mr. Maheshwari worked for Barclays Capital, MBIA/Cutwater Asset Management and UBS. Mr. Maheshwari received an M.S. in financial mathematics from the University of Chicago and a B. Tech in chemical engineering from the Indian Institute of Technology BHU (Varanasi). He is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
