2 / 5 Stars
2 2 3 2 2
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#318 in Large Growth
U.S. News evaluated 466 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 30.03 percent over the past year, 11.37 percent over the past three years, and 21.51 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.0%|
|3 Years (Annualized)||11.4%|
|5 Years (Annualized)||21.5%|
|10 Years (Annualized)||7.6%|
Victory Large Cap Growth tends to be hit or miss.
As of March 05, 2014, the fund has assets totaling almost $209.14 million invested in 33 different holdings. Its portfolio consists primarily of shares of large companies.
For this fund, 2010 was a banner year. In particular, its 21 percent return comfortably beat both the broader market and the average for Morningstar’s large-growth category. But so far, 2011 has been a different story. As of late February, the fund was trailing 84 percent of its Morningstar peers. Many of the fund’s winners from 2010, including Target, Amazon, and Expeditors International of Washington, have had poor starts to 2011, and their struggles have held the fund back. Apple, which accounts for more than 6 percent of the fund’s portfolio, is its largest holding by a significant margin. Broadly speaking, Apple is representative of management’s enthusiasm for tech companies, and together, the hardware and software sectors account for about a quarter of the fund’s portfolio. Through names like Target and Allergan, the fund is also overweight to the healthcare and consumer services sectors. The fund has returned 30.03 percent over the past year and 11.37 percent over the past three years.
Since the fund’s 2003 launch, its performance has been a bit erratic. Notably, in every full year it’s been around, it has finished either in the top 30 or bottom 35 percent of its Morningstar category. These polarizing returns stem in part from the fund’s compact portfolio, which as of the end of 2010 had 35 names in it. Overall, though, the good has outweighed the bad. The fund has returned 21.51 percent over the past five years.
According to the fund’s prospectus: “The Fund pursues its investment objective by investing primarily in U.S. equity securities of companies whose growth prospects appear to exceed those of the overall market. The issuers usually are listed on a nationally recognized exchange.”
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
A team of four managers runs the fund.
Victory Large Cap Growth Fund has an expense ratio of 1.28 percent.
Like all stock funds, this one comes with some risks.