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VETAX Victory Sycamore Established Value A

  • Fund
  • VETAX
  • Price as of: May 14, 2019
  • $37.97 + $0.31 + 0.82%
  • Category
  • Mid Cap Value Equities

VETAX - Profile

Vitals

  • YTD Return 14.9%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $11.3 B
  • Holdings in Top 10 20.1%

52 WEEK LOW AND HIGH

$37.97
$31.41
$43.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 30, 2017

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 14.9%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Victory Sycamore Established Value Fund
  • Fund Family Name Victory
  • Inception Date May 05, 2000
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Gary H. Miller

Fund Description

The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies with market capitalizations, at the time of purchase, within the range of companies comprising the Russell MidCap® Value Index. The fund may invest a portion of its assets in equity securities of foreign companies traded in the U.S., including American Depositary Receipts and Global Depositary Receipts (ADRs and GDRs).

VETAX - Performance

Return Ranking - Trailing

Period VETAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% 3.4% 19.1% 39.34%
1 Yr -6.7% -34.9% 3.8% 21.62%
3 Yr 5.8%* -13.3% 11.4% 15.67%
5 Yr 1.5%* -12.4% 7.9% 25.65%
10 Yr 7.9%* -0.8% 13.7% 41.35%

* Annualized


Return Ranking - Calendar

Period VETAX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.6% -40.8% -8.9% 25.83%
2017 12.2% -16.5% 19.6% 11.29%
2016 18.8% -16.4% 28.0% 14.42%
2015 -9.6% -30.9% 0.2% 42.45%
2014 -2.2% -44.7% 12.4% 66.21%

Total Return Ranking - Trailing

Period VETAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% 3.4% 19.1% 39.34%
1 Yr -6.7% -25.1% 8.4% 48.95%
3 Yr 5.8%* -5.4% 14.2% 57.05%
5 Yr 1.5%* -9.2% 9.2% 77.27%
10 Yr 7.9%* 3.5% 15.1% 88.46%

* Annualized


Total Return Ranking - Calendar

Period VETAX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.6% -35.2% -2.7% 50.45%
2017 12.2% -5.9% 26.9% 60.50%
2016 18.8% -2.5% 28.0% 31.03%
2015 -9.6% -25.7% 5.0% 75.79%
2014 -2.2% -44.0% 17.4% 93.79%

NAV & Total Return History

VETAX - Holdings

Concentration Analysis

VETAX Category Low Category High VETAX % Rank
Net Assets 11.3 B 1.7 M 31.3 B 6.91%
Number of Holdings 73 25 2623 60.66%
Net Assets in Top 10 2.18 B 305 K 8.81 B 4.20%
Weighting of Top 10 20.08% 7.7% 51.1% 58.86%

Top 10 Holdings

  1. Reliance Steel & Aluminum Co 2.72%

  2. Archer-Daniels Midland Co 2.24%

  3. Alleghany Corp 2.03%

  4. The Travelers Companies Inc 1.93%

  5. Eastman Chemical Co 1.92%

  6. Carter's Inc 1.90%

  7. Hasbro Inc 1.88%

  8. Quest Diagnostics Inc 1.87%

  9. Allstate Corp 1.82%

  10. SunTrust Banks Inc 1.78%


Asset Allocation

Weighting Return Low Return High VETAX % Rank
Stocks
98.48% 16.88% 100.00% 30.33%
Cash
1.52% -0.95% 65.64% 68.47%
Preferred Stocks
0.00% 0.00% 17.48% 36.04%
Other
0.00% -2.90% 4.05% 34.83%
Convertible Bonds
0.00% 0.00% 0.00% 31.53%
Bonds
0.00% 0.00% 22.90% 37.24%

Stock Sector Breakdown

Weighting Return Low Return High VETAX % Rank
Financial Services
19.39% 1.95% 33.24% 57.36%
Industrials
15.73% 0.00% 35.95% 28.23%
Consumer Cyclical
14.41% 0.90% 33.24% 27.93%
Technology
13.39% 0.00% 35.74% 17.72%
Consumer Defense
8.90% 0.00% 12.27% 6.01%
Real Estate
7.21% 0.00% 17.48% 63.66%
Basic Materials
5.94% 0.00% 11.67% 36.94%
Energy
5.13% 0.00% 20.49% 71.47%
Healthcare
4.20% 0.00% 24.89% 77.48%
Utilities
4.17% 0.00% 13.21% 71.17%
Communication Services
0.02% 0.00% 6.23% 54.05%

Stock Geographic Breakdown

Weighting Return Low Return High VETAX % Rank
US
97.27% 11.51% 99.59% 17.72%
Non US
1.21% 0.00% 37.72% 76.58%

VETAX - Expenses

Operational Fees

VETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.00% 6.88% 77.18%
Management Fee 0.45% 0.06% 1.26% 8.41%
12b-1 Fee 0.25% 0.00% 1.00% 32.44%
Administrative Fee 0.11% 0.01% 0.47% 50.27%

Sales Fees

VETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 16.39%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

VETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 2.00% 628.00% 30.63%

VETAX - Distributions

Dividend Yield Analysis

VETAX Category Low Category High VETAX % Rank
Dividend Yield 0.01% 0.00% 0.06% 42.04%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VETAX Category Low Category High VETAX % Rank
Net Income Ratio 0.85% -4.66% 6.58% 30.63%

Capital Gain Distribution Analysis

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

VETAX - Managers

Gary H. Miller

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 1998

20.76

20.8%

Gary Miller is Chief Investment Officer of Sycamore Capital. He is also lead portfolio manager of the Small Cap Value Equity and Mid Cap Value Equity strategies. The Victory Small Cap Value Equity and Mid Cap Value Equity team was renamed Sycamore Capital on April 1, 2015. Sycamore Capital is a Victory Capital investment franchise. Mr. Miller joined Victory Capital in 1987. Prior to his tenure as portfolio manager, he served as an equity research analyst for the Small Cap Value and Mid Cap Value Equity strategies. Mr. Miller holds a B.B.A. in accounting from the University of Cincinnati and an MBA from Xavier University.


Gregory M. Conners

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2002

17.18

17.2%

Greg Conners is a portfolio manager for the Sycamore Capital Small Cap Value Equity and Mid Cap Value Equity strategies. Mr. Conners joined Victory Capital in 1999 with four years’ prior investment experience as a small-cap research analyst with Carillon Advisers. Prior to his tenure as portfolio manager, he served as a research analyst for the Small Cap Value Equity strategy. Mr. Conners holds a B.S. in economics from College of Mount St. Joseph and an MBA from Xavier University.


Jeffrey M. Graff

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2007

12.17

12.2%

Jeffrey Graff is a portfolio manager for the Sycamore Capital Small Cap Value Equity and Mid Cap Value Equity strategies. Mr. Graff joined Victory Capital in 2001 with six years’ prior investment experience. Previously, he was employed as an equity analyst with A.G. Edwards & Sons. He began his career in the investment industry as an equity research associate for Roulston & Company. Mr. Graff holds a B.B.A. from Cleveland State University and an M.Fin. from St. Louis University. He is a CFA® charterholder.


James M. Albers

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2012

6.33

6.3%

James Albers is a portfolio manager for the Sycamore Capital Small Cap Value Equity and Mid Cap Value Equity strategies. Mr. Albers joined Victory Capital in 2005. Previously, he worked as a consultant with Accenture and IBM Global Services. Mr. Albers earned a B.S. and an MBA from the University of Wisconsin. He is a CFA® charterholder.


Michael F. Rodarte

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2012

6.33

6.3%

Michael Rodarte is a portfolio manager for the Sycamore Capital Small Cap Value Equity and Mid Cap Value Equity strategies. Mr. Rodarte joined Victory Capital in 2006. Previously, he worked as an analyst with KeyBanc Capital Markets in its corporate and investment banking groups. Mr. Rodarte earned his B.B.A. in finance, economics, and international business from Ohio University. He is a CFA® charterholder.


Tenure Analysis

Category Low

0.13

Category High

30.68

Category Average

7.68

Category Mode

3.64