Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)
Name
As of 04/23/2024Price
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
$10.39
$511 M
1.71%
$0.18
0.79%
Vitals
YTD Return
3.4%
1 yr return
14.5%
3 Yr Avg Return
5.0%
5 Yr Avg Return
7.9%
Net Assets
$511 M
Holdings in Top 10
20.7%
52 WEEK LOW AND HIGH
$10.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.79%
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 04/23/2024Price
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
$10.39
$511 M
1.71%
$0.18
0.79%
UGOFX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.45%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateAug 15, 2008
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLance 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 | 3.4% | -35.6% | 29.2% | 40.38% |
| 1 Yr | 14.5% | 17.3% | 252.4% | 83.98% |
| 3 Yr | 5.0%* | -3.5% | 34.6% | 82.12% |
| 5 Yr | 7.9%* | 0.1% | 32.7% | 75.97% |
| 10 Yr | 6.3%* | -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 | 3.4% | -35.6% | 29.2% | 41.50% |
| 1 Yr | 14.5% | 11.4% | 252.4% | 81.36% |
| 3 Yr | 5.0%* | -3.5% | 34.6% | 80.05% |
| 5 Yr | 7.9%* | 0.1% | 32.7% | 75.03% |
| 10 Yr | 6.3%* | -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 | 511 M | 199 K | 133 B | 46.71% |
| Number of Holdings | 389 | 1 | 9075 | 12.33% |
| Net Assets in Top 10 | 106 M | -18 M | 37.6 B | 54.41% |
| Weighting of Top 10 | 20.66% | 9.1% | 100.0% | 84.78% |
Top 10 Holdings
- APPLE INC 4.82%
- MICROSOFT CORP 4.22%
- ALPHABET INC CLASS C 2.83%
- META PLATFORMS INC 1.59%
- VISA INC CLASS A 1.37%
- MASTERCARD INC CLASS A 1.27%
- PROCTER GAMBLE CO 1.19%
- PHILIP MORRIS INTERNATIONAL INC 1.16%
- ELI LILLY CO 1.10%
- COLGATE PALMOLIVE CO 1.10%
Asset Allocation
| Weighting | Return Low | Return High | UGOFX % Rank | |
|---|---|---|---|---|
| Stocks | 98.68% | 61.84% | 125.47% | 8.26% |
| Cash | 0.31% | -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 | 63.31% | 0.13% | 103.82% | 31.50% |
| Non US | 35.38% | 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 | 0.79% | 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 | 1.71% | 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
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $0.178 | OrdinaryDividend |
| Dec 22, 2022 | $0.210 | OrdinaryDividend |
| Dec 23, 2021 | $0.136 | OrdinaryDividend |
| Dec 23, 2020 | $0.174 | OrdinaryDividend |
| Dec 24, 2019 | $0.226 | OrdinaryDividend |
| Dec 18, 2019 | $0.236 | OrdinaryDividend |
| Dec 20, 2018 | $0.168 | OrdinaryDividend |
| Dec 19, 2017 | $0.166 | OrdinaryDividend |
| Jan 03, 2017 | $0.017 | ExtraDividend |
| Dec 19, 2016 | $0.114 | OrdinaryDividend |
| Dec 21, 2015 | $0.091 | OrdinaryDividend |
| Dec 30, 2014 | $0.818 | OrdinaryDividend |
| Dec 30, 2013 | $0.012 | OrdinaryDividend |
| Dec 28, 2012 | $0.249 | OrdinaryDividend |
| Dec 29, 2011 | $0.176 | OrdinaryDividend |
| Dec 30, 2010 | $0.086 | OrdinaryDividend |
| Dec 30, 2009 | $0.063 | OrdinaryDividend |
| Dec 30, 2008 | $0.070 | OrdinaryDividend |
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 |