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Victory Sophus Emerging Markets Fund
mutual fund
RSERX
Payout Change
Pending
Price as of:
$20.33
-0.08
-0.39%
primary theme
Emerging Markets Equity
share class
RSERX (Mutual Fund)
Victory Sophus Emerging Markets Fund
Payout Change
Pending
Price as of:
$20.33
-0.08
-0.39%
primary theme
Emerging Markets Equity
share class
RSERX (Mutual Fund)
Victory Sophus Emerging Markets Fund
Payout Change
Pending
Price as of:
$20.33
-0.08
-0.39%
primary theme
Emerging Markets Equity
share class
Name
As of 12/12/2024Price
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
Vitals
YTD Return
7.7%
1 yr return
9.9%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
1.8%
Net Assets
$402 M
Holdings in Top 10
33.4%
52 WEEK LOW AND HIGH
$20.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 85.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
RSERX - Profile
Distributions
- YTD Total Return 7.7%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.17%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Sophus Emerging Markets Fund
-
Fund Family NameVictory Portfolios
-
Inception DateNov 15, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Reynal
Fund Description
The Adviser pursues the Fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in securities of emerging market companies, which may include common stocks, preferred stocks, or other securities convertible into common stock. The Fund may invest in companies of any size.The Fund may also invest in foreign issuers through American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”), Global Depositary Receipts (“GDRs”), or similar investment vehicles.As a result of the Adviser’s investment process, the Fund’s investments may be focused in one or more economic sectors from time to time, including the information technology sector.The Adviser employs both fundamental analysis and quantitative screening in seeking to identify companies that it believes can sustain above-average earnings growth relative to their peers. Valuation is an integral part of the process. Fundamental, bottom-up research focuses on companies that rank highly within the Adviser’s quantitative screen, with particular emphasis placed on a company’s earnings growth, business strategy, value creation, competitive position, management quality, market position, and political and economic backdrop. The Adviser monitors market and sovereign risk as part of the overall investment process.The Adviser regularly reviews the Fund’s investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) of a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company, or (4) other investments available are considered to be more attractive.As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.
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RSERX - Performance
Return Ranking - Trailing
| Period | RSERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -11.8% | 40.0% | 70.06% |
| 1 Yr | 9.9% | -8.7% | 41.1% | 71.78% |
| 3 Yr | -1.9%* | -11.5% | 11.1% | 54.30% |
| 5 Yr | 1.8%* | -5.3% | 12.2% | 62.03% |
| 10 Yr | N/A* | -1.2% | 7.0% | 58.35% |
* Annualized
Return Ranking - Calendar
| Period | RSERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.5% | -6.5% | 35.5% | 50.78% |
| 2022 | -24.6% | -50.1% | -2.4% | 54.20% |
| 2021 | -8.0% | -33.1% | 22.5% | 64.12% |
| 2020 | 15.8% | -22.1% | 80.1% | 50.90% |
| 2019 | 22.6% | -0.7% | 42.0% | 26.35% |
Total Return Ranking - Trailing
| Period | RSERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -11.8% | 40.0% | 70.06% |
| 1 Yr | 9.9% | -8.7% | 41.1% | 71.78% |
| 3 Yr | -1.9%* | -11.5% | 11.1% | 54.30% |
| 5 Yr | 1.8%* | -5.3% | 12.2% | 62.03% |
| 10 Yr | N/A* | -1.2% | 7.0% | 57.37% |
* Annualized
Total Return Ranking - Calendar
| Period | RSERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.4% | -1.0% | 42.0% | 45.08% |
| 2022 | -22.1% | -42.2% | 1.9% | 43.59% |
| 2021 | -3.9% | -32.5% | 33.1% | 68.64% |
| 2020 | 17.3% | -20.0% | 81.6% | 53.18% |
| 2019 | 23.5% | 2.3% | 42.0% | 33.45% |
NAV & Total Return History
RSERX - Holdings
Concentration Analysis
| RSERX | Category Low | Category High | RSERX % Rank | |
|---|---|---|---|---|
| Net Assets | 402 M | 682 K | 103 B | 53.70% |
| Number of Holdings | 126 | 2 | 7534 | 38.60% |
| Net Assets in Top 10 | 124 M | 290 K | 23.8 B | 54.84% |
| Weighting of Top 10 | 33.41% | 2.9% | 101.1% | 57.20% |
Top 10 Holdings
- TAIWAN SEMICONDUCTOR MANUFACTU 10.18%
- TENCENT HOLDINGS LTD 6.03%
- ICICI BANK LTD 2.94%
- INFOSYS LTD 2.56%
- MEITUAN 2.35%
- SAMSUNG ELECTRONICS CO LTD 2.11%
- SK HYNIX INC 2.09%
- CHINA CONSTRUCTION BANK CORP 1.92%
- ALIBABA GROUP HOLDING LTD 1.67%
- FOXCONN INDUSTRIAL INTERNET CO LTD 1.55%
Asset Allocation
| Weighting | Return Low | Return High | RSERX % Rank | |
|---|---|---|---|---|
| Stocks | 87.36% | 0.00% | 103.28% | 96.15% |
| Cash | 2.31% | -2.03% | 100.35% | 37.61% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 71.79% |
| Other | 0.00% | -1.11% | 39.53% | 52.85% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 35.29% |
| Bonds | 0.00% | 0.00% | 95.13% | 39.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RSERX % Rank | |
|---|---|---|---|---|
| Technology | 24.33% | 0.00% | 47.50% | 37.37% |
| Financial Services | 23.05% | 0.00% | 48.86% | 38.10% |
| Consumer Cyclical | 11.37% | 0.00% | 48.94% | 54.83% |
| Basic Materials | 10.24% | 0.00% | 30.03% | 27.56% |
| Communication Services | 8.99% | 0.00% | 39.29% | 49.06% |
| Industrials | 5.94% | 0.00% | 43.53% | 51.80% |
| Consumer Defense | 4.78% | 0.00% | 25.90% | 75.76% |
| Healthcare | 4.10% | 0.00% | 16.53% | 42.42% |
| Energy | 4.03% | 0.00% | 24.80% | 53.54% |
| Real Estate | 2.27% | 0.00% | 17.15% | 30.30% |
| Utilities | 0.89% | 0.00% | 39.12% | 59.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RSERX % Rank | |
|---|---|---|---|---|
| Non US | 86.89% | 0.00% | 100.52% | 49.57% |
| US | 0.47% | 0.00% | 100.95% | 96.30% |
RSERX - Expenses
Operational Fees
| RSERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.03% | 29.98% | 58.43% |
| Management Fee | 1.00% | 0.00% | 2.00% | 79.03% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.69% |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| RSERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RSERX 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.
| RSERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 85.00% | 0.00% | 189.00% | 82.60% |
RSERX - Distributions
Dividend Yield Analysis
| RSERX | Category Low | Category High | RSERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.45% | 0.00% | 9.74% | 31.77% |
Dividend Distribution Analysis
| RSERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| RSERX | Category Low | Category High | RSERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.17% | -1.98% | 17.62% | 36.24% |
Capital Gain Distribution Analysis
| RSERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.502 | OrdinaryDividend |
| Dec 21, 2022 | $0.592 | OrdinaryDividend |
| Dec 22, 2021 | $0.361 | OrdinaryDividend |
| Dec 16, 2021 | $0.662 | OrdinaryDividend |
| Dec 22, 2020 | $0.301 | OrdinaryDividend |
| Dec 23, 2019 | $0.171 | OrdinaryDividend |
| Dec 26, 2018 | $0.211 | OrdinaryDividend |
| Dec 19, 2018 | $0.636 | CapitalGainLongTerm |
| Dec 26, 2017 | $0.259 | OrdinaryDividend |
| Dec 28, 2016 | $0.038 | OrdinaryDividend |
RSERX - Fund Manager Analysis
Managers
Michael Reynal
Start Date
Tenure
Tenure Rank
Mar 01, 2013
9.25
9.3%
Michael Reynal is Chief Investment Officer of Sophus Capital and a portfolio manager of Emerging Markets and Emerging Markets Small Cap mandates. Mr. Reynal began his investment career in 1991 managing equity investments in Latin America, the Mediterranean, the Balkans and other regions. Most recently he was a portfolio manager for Principal Global Investors, where he led the emerging markets team. He also oversaw diversified emerging markets portfolios and specialized regional Asian equity strategies.
Maria Freund
Start Date
Tenure
Tenure Rank
Jun 29, 2018
3.92
3.9%
Maria Freund is a portfolio manager of Sophus. Ms. Freund joined Victory Capital in 2016 in connection with Victory Capital’s acquisition of RS Investments.Maria Freund has been a portfolio manager since 2015. At RS Investments she was an emerging markets analyst. Prior to joining RS Investments in 2012, she was an analyst at Principal Global Investors for the emerging markets team. Previously, she was an analyst at Principal Global Investors for the international developed team, having joined the firm in 2003. Maria holds a B.A. in finance and international business from Loras College, and an M.B.A from the Tippie College of Business at the University of Iowa. Maria is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
