4 / 5 Stars
3 2 5 2 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 109 Mid-Cap Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 24.89 percent over the past year, 12.50 percent over the past three years, 23.81 percent over the past five years, and 10.63 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.6%|
|3 Years (Annualized)||12.5%|
|5 Years (Annualized)||23.8%|
|10 Years (Annualized)||10.6%|
Victory Established Value is a steady performer.
As of March 05, 2014, the fund has assets totaling almost $2.07 billion invested in 74 different holdings. Its portfolio consists primarily of shares of midsized companies.
Earlier this year, management tweaked the fund's portfolio in several ways. For instance, they initiated positions in a number of new companies, including Raytheon, ConAgra Foods, and Questar Corporation. While the fund hasn't been immune to this year's market difficulties, neither has it been consumed by them. As of June 24, its year-to-date returns landed it in the top 13 percent of its Morningstar category. As of the end of the first quarter, nearly 6 percent of the fund's assets were tucked away in cash. That position, while not massive, is still a bit higher than many of the fund's peers. The fund has returned 24.89 percent over the past year and 12.50 percent over the past three years.
This fund's overall approach is fairly conservative. Management tends to spread assetsacross a large number of companies and sectors. Meanwhile, management tends to hold onto companies for the long haul, as evidenced by the fund's 49 percent turnover ratio. By comparison, a fund that replenished all of its assets once a year would have a ratio of 100 percent. Over time, the fund has put together some solid numbers. The fund has returned 23.81 percent over the past five years and 10.63 percent over the past decade.
According to the fund's prospectus: "The Adviser seeks to invest in the stock of companies that are expected to benefit from either macroeconomic or company-specific factors, and that are attractively priced relative to their fundamentals."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
A team of three managers runs the fund.
Victory Established Value Fund has an expense ratio of 1.22 percent.
Like all stock funds, this one comes with some risks.