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MMSRX Victory Munder Mid-Cap Core Growth R

  • Fund
  • MMSRX
  • Price as of: Aug 19, 2019
  • $21.27 + $0.18 + 0.85%
  • Category
  • Mid Cap Growth Equities

MMSRX - Profile

Vitals

  • YTD Return 19.5%
  • 3 Yr Annualized Return -16.3%
  • 5 Yr Annualized Return -13.5%
  • Net Assets $1.36 B
  • Holdings in Top 10 20.6%

52 WEEK LOW AND HIGH

$21.27
$16.66
$34.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 19.5%
  • 3 Yr Annualized Total Return -6.7%
  • 5 Yr Annualized Total Return -3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Victory Munder Mid-Cap Core Growth Fund
  • Fund Family Name Victory
  • Inception Date Jul 29, 2004
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Tony Y. Dong

Fund Description

The Adviser pursues the fund's objective by investing, under normal circumstances, at least 80% of the fund's net assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies. Mid-capitalization companies mean those companies with market capitalizations within the range of companies included in the S&P MidCap 400® Index.

MMSRX - Performance

Return Ranking - Trailing

Period MMSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% -47.7% 49.8% 75.29%
1 Yr -37.1% -47.7% 20.6% 99.43%
3 Yr -16.3%* -23.8% 24.5% 98.65%
5 Yr -13.5%* -30.2% 15.3% 95.50%
10 Yr 0.7%* -11.8% 17.4% 89.86%

* Annualized


Return Ranking - Calendar

Period MMSRX Return Category Return Low Category Return High Rank in Category (%)
2018 -45.9% -52.1% 9.2% 98.66%
2017 1.8% -38.9% 36.0% 92.51%
2016 -6.2% -61.7% 27.9% 89.63%
2015 -14.4% -82.5% 12.2% 82.00%
2014 -2.0% -23.5% 17.9% 44.11%

Total Return Ranking - Trailing

Period MMSRX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% -47.7% 49.8% 75.29%
1 Yr -37.1% -47.7% 29.8% 99.62%
3 Yr -6.7%* -22.2% 28.3% 98.85%
5 Yr -3.5%* -25.3% 17.4% 92.95%
10 Yr 6.6%* -6.4% 18.9% 81.97%

* Annualized


Total Return Ranking - Calendar

Period MMSRX Return Category Return Low Category Return High Rank in Category (%)
2018 -45.9% -51.7% 12.2% 99.62%
2017 23.9% -7.0% 56.2% 44.34%
2016 6.7% -61.7% 27.9% 37.77%
2015 -4.7% -54.0% 12.2% 65.36%
2014 9.7% -23.5% 18.1% 22.97%

NAV & Total Return History

MMSRX - Holdings

Concentration Analysis

MMSRX Category Low Category High MMSRX % Rank
Net Assets 1.36 B 1.44 M 33.8 B 47.32%
Number of Holdings 81 13 2232 51.72%
Net Assets in Top 10 303 M 616 K 7.12 B 46.74%
Weighting of Top 10 20.61% 6.7% 148.7% 63.60%

Top 10 Holdings

  1. SBA Communications Corp 2.68%

  2. AutoZone Inc 2.20%

  3. Roper Technologies Inc 2.11%

  4. Ball Corp 2.00%

  5. Edwards Lifesciences Corp 1.99%

  6. Verisk Analytics Inc 1.98%

  7. CDW Corp 1.97%

  8. Zoetis Inc Class A 1.94%

  9. Ross Stores Inc 1.87%

  10. Live Nation Entertainment Inc 1.87%


Asset Allocation

Weighting Return Low Return High MMSRX % Rank
Stocks
99.60% 20.28% 127.86% 13.79%
Cash
0.39% -48.52% 36.01% 84.67%
Preferred Stocks
0.00% 0.00% 3.25% 51.53%
Other
0.00% -7.94% 70.89% 55.75%
Convertible Bonds
0.00% 0.00% 8.82% 50.00%
Bonds
0.00% -0.48% 43.05% 51.53%

Stock Sector Breakdown

Weighting Return Low Return High MMSRX % Rank
Technology
22.19% 0.00% 69.27% 68.39%
Consumer Cyclical
17.06% 0.00% 48.02% 29.50%
Industrials
16.76% 0.00% 38.67% 53.45%
Financial Services
10.36% 0.00% 40.09% 29.89%
Healthcare
9.65% 0.00% 62.34% 85.44%
Real Estate
7.71% 0.00% 48.22% 16.86%
Consumer Defense
4.24% 0.00% 17.24% 43.10%
Utilities
4.21% 0.00% 11.12% 6.32%
Basic Materials
3.66% 0.00% 13.78% 28.54%
Energy
2.60% 0.00% 14.07% 21.26%
Communication Services
0.01% 0.00% 11.66% 50.00%

Stock Geographic Breakdown

Weighting Return Low Return High MMSRX % Rank
US
99.60% 7.34% 123.93% 1.15%
Non US
0.00% 0.00% 70.47% 94.83%

MMSRX - Expenses

Operational Fees

MMSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.07% 6.14% 23.42%
Management Fee 0.75% 0.06% 1.50% 50.00%
12b-1 Fee 0.50% 0.00% 1.00% 71.15%
Administrative Fee 0.08% 0.01% 0.72% 34.49%

Sales Fees

MMSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MMSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% N/A

Turnover 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.

MMSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 1.85% 495.00% 53.93%

MMSRX - Distributions

Dividend Yield Analysis

MMSRX Category Low Category High MMSRX % Rank
Dividend Yield 0.00% 0.00% 0.05% 55.56%

Dividend Distribution Analysis

MMSRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

MMSRX Category Low Category High MMSRX % Rank
Net Income Ratio -0.58% -2.55% 4.79% 67.56%

Capital Gain Distribution Analysis

MMSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MMSRX - Managers

Tony Y. Dong

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2001

18.5

18.5%

Tony Y. Dong is the Chief Investment Officer of Munder and has been with the Adviser since 2014. Prior to that, Mr. Dong was Vice Chairman and Chief Investment Officer of Munder Capital Management, where he was employed since 1988. Mr. Dong is a CFA charterholder


Brian S. Matuszak

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2005

13.59

13.6%

Brian, who has many yaers investment industry experience, analyzes equity securities for Munder Capital’s mid-capitalization core growth, mid-cap growth, focused mid-cap growth and small-cap/mid-cap blend equity strategies. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Before becoming an equity analyst, Brian served two years as an internal wholesaler for Munder Capital. Prior to joining Munder Capital in 2000, he was a financial advisor for Prudential Securities. Brian also has experience as a micro-economics instructor at Macomb Community College. He earned both a B.B.A. in finance and accounting (with distinction), and an M.S. in applied economics from the University of Michigan. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.


Gavin Hayman

Manager

Start Date

Tenure

Tenure Rank

Feb 18, 2010

9.45

9.5%

Gavin rejoined Munder Capital in February 2010. He analyzes equity securities for the mid-capitalization core growth, mid-cap growth, focused mid-cap growth and small-cap/mid-cap blend equity strategies. He also assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Prior to rejoining the firm, Gavin was Director of Research at Telemus Capital Partners, a high-net-worth management company. Before that, he was an Institutional Sales Manager at AXA Framlington Investment Managers Group. Prior to that, Gavin served as International Product Manager for the Munder Framlington investment strategies. Before the Munder Framlington assignment, Gavin was a regional manager for Framlington Group, where he promoted all of the investment vehicles offered by the firm. In total, Gavin has 18 years of investment industry experience. He holds an honors degree in Law from the University of Central Lancashire, is a CFA® charterholder, and is a member of the CFA Institute.


Robert E. Crosby

Manager

Start Date

Tenure

Tenure Rank

Feb 14, 2012

7.46

7.5%

Robert E. Crosby is a Senior Portfolio Manager of Munder and has been with the Adviser since 2014. Prior to that, Mr. Crosby was a Senior Portfolio Manager of Munder Capital Management, where he held various positions since 1993. Mr. Crosby is a CFA charterholder.


Sean D. Wright

Manager

Start Date

Tenure

Tenure Rank

Jan 09, 2014

5.56

5.6%

Sean D. Wright is an Equity Analyst of Munder and has been with Victory Capital Management Inc since 2014. Prior to that, Mr. Wright was a Senior Equity Research Associate of Munder Capital Management since 2010. Mr. Wright has analyzed equity securities for MCM’s mid-capitalization core growth, mid-cap growth and small-cap/mid-cap blend equity strategies since 2013. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Before becoming an equity analyst, Mr. Wright served as an intern with MCM, performing individual stock research and portfolio analytics work for the mid-capitalization core growth and large-capitalization growth strategies, as well as analyzing trade strategies for the equity trading desk and constructing marketing materials. Prior to joining MCM, he interned for RFC Financial Planners in Ann Arbor, Michigan, where he worked on various tasks related to portfolio management, asset allocation, and client relationship management.


Robert D. Glise

Manager

Start Date

Tenure

Tenure Rank

Sep 14, 2016

2.88

2.9%

Robert Glise is a Senior Portfolio Manager/Analyst of Munder and has been with the Adviser since September 2016. From 2002 through 2015, Mr. Glise was a Senior Partner and Senior Portfolio Manager with Northpointe Capital Management, where he was the lead manager of the mid-cap growth strategy and a member of the team managing the small-cap growth strategy. Mr. Glise is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

33.38

Category Average

8.62

Category Mode

8.84