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Victory THB US Small Opportunities Fund
THBIX (Mutual Fund)
Victory THB US Small Opportunities Fund
Name
As of 12/24/2024Price
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
2.3%
1 yr return
1.8%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
7.0%
Net Assets
$9.44 M
Holdings in Top 10
25.6%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
THBIX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory THB US Small Opportunities Fund
-
Fund Family NameVictory Portfolios
-
Inception DateMar 30, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Cuesta
Fund Description
The Adviser pursues the Fund’s investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of U.S. small-capitalization companies. The Fund considers small-capitalization companies to be companies with market capitalizations that, at the time of initial purchase, are within the range of capitalization of companies included in the Russell 2000 Index (the “Index”). As of September 30, 2024, the capitalization range of the Index was $8.7 million to $15.3 billion. The size of companies in the Index changes with market conditions and the composition of the Index. The Adviser expects the Fund’s weighted average market capitalization to be similar to that of the Index, although this may vary at any time.The Fund may, from time to time, focus its investments in one or more sectors represented in the Index. As of the date of this Prospectus, the Fund has significant investments in the following sectors: industrials, information technology, and health care. Due to changes in sector weights of the Index over time, the Fund may make significant investments in other sectors in the future.In pursuing the Fund’s investment objective, the Adviser seeks to identify and invest Fund assets in equity securities of U.S. companies that, in the Adviser's opinion, are undervalued in the market. The Adviser may invest in both growth and value stocks. In constructing the Fund’s portfolio, the Adviser uses a bottom-up fundamental research process that utilizes both quantitative and qualitative analysis to identify investment opportunities. Investments are selected based on an active fundamental process, which combines financial analysis and proprietary research to evaluate potential investments’ management and long-term outlook and business strategies. The Adviser fully integrates environmental, social, and governance (“ESG”) factors into its established quality assessment framework.The equity securities in which the Fund invests are primarily common stocks. In addition, the Fund may invest in foreign securities, including American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). The Fund expects that typically 10% or less of the Fund’s total asset value will be invested in foreign securities, ADRs, and GDRs, as determined at the time of investment.
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THBIX - Performance
Return Ranking - Trailing
| Period | THBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -7.8% | 33.6% | 95.62% |
| 1 Yr | 1.8% | -7.9% | 32.6% | 96.57% |
| 3 Yr | -2.6%* | -13.3% | 40.5% | 96.34% |
| 5 Yr | 7.0%* | -13.3% | 31.2% | 74.70% |
| 10 Yr | 7.0%* | -3.4% | 12.6% | 73.26% |
* Annualized
Return Ranking - Calendar
| Period | THBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.2% | -19.9% | 29.0% | 99.04% |
| 2022 | -21.4% | -59.3% | 118.2% | 55.77% |
| 2021 | 6.3% | -31.6% | 39.3% | 64.06% |
| 2020 | 28.8% | -51.0% | 39.5% | 0.60% |
| 2019 | 11.6% | -5.6% | 37.8% | 92.05% |
Total Return Ranking - Trailing
| Period | THBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -7.8% | 33.6% | 95.62% |
| 1 Yr | 1.8% | -7.9% | 32.6% | 96.57% |
| 3 Yr | -2.6%* | -13.3% | 40.5% | 96.34% |
| 5 Yr | 7.0%* | -13.3% | 31.2% | 74.70% |
| 10 Yr | 7.0%* | -3.4% | 12.6% | 73.26% |
* Annualized
Total Return Ranking - Calendar
| Period | THBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | -11.7% | 31.8% | 68.64% |
| 2022 | -21.4% | -45.2% | 123.7% | 91.92% |
| 2021 | 18.1% | 0.0% | 45.6% | 79.30% |
| 2020 | 28.8% | -50.5% | 46.9% | 1.20% |
| 2019 | 12.2% | 2.2% | 40.9% | 99.37% |
NAV & Total Return History
THBIX - Holdings
Concentration Analysis
| THBIX | Category Low | Category High | THBIX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.44 M | 555 K | 167 B | 98.48% |
| Number of Holdings | 65 | 2 | 2445 | 85.17% |
| Net Assets in Top 10 | 2.57 M | 124 K | 10.3 B | 99.05% |
| Weighting of Top 10 | 25.64% | 3.1% | 100.1% | 24.24% |
Top 10 Holdings
- LATHAM GROUP INC 3.24%
- BRIGHTSPHERE INVESTMENT GROUP 2.78%
- EPLUS INC 2.76%
- CORVEL CORP 2.73%
- HALOZYME THERAPEUTICS INC 2.53%
- AAON INC 2.45%
- ATMUS FILTRATION TECHNOLOGIES INC 2.42%
- UFP TECHNOLOGIES INC 2.40%
- BADGER METER INC 2.20%
- BRUNSWICK CORP 2.15%
Asset Allocation
| Weighting | Return Low | Return High | THBIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.56% | 4.44% | 105.73% | 16.35% |
| Cash | 0.44% | 0.00% | 27.02% | 86.69% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 51.52% |
| Other | 0.00% | -0.07% | 50.79% | 67.68% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 51.43% |
| Bonds | 0.00% | 0.00% | 102.81% | 54.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | THBIX % Rank | |
|---|---|---|---|---|
| Industrials | 23.10% | 2.46% | 37.42% | 14.42% |
| Technology | 16.17% | 0.00% | 43.95% | 24.42% |
| Healthcare | 16.12% | 0.00% | 26.53% | 23.65% |
| Consumer Cyclical | 15.38% | 0.99% | 47.79% | 8.46% |
| Energy | 11.47% | 0.00% | 37.72% | 1.15% |
| Financial Services | 10.71% | 0.00% | 35.52% | 94.04% |
| Basic Materials | 1.89% | 0.00% | 18.66% | 96.54% |
| Consumer Defense | 1.83% | 0.00% | 18.87% | 88.46% |
| Real Estate | 1.75% | 0.00% | 29.43% | 92.12% |
| Communication Services | 1.59% | 0.00% | 14.85% | 77.12% |
| Utilities | 0.00% | 0.00% | 18.58% | 95.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | THBIX % Rank | |
|---|---|---|---|---|
| US | 99.56% | 2.58% | 105.73% | 14.83% |
| Non US | 0.00% | 0.00% | 97.07% | 58.37% |
THBIX - Expenses
Operational Fees
| THBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.68% | 0.01% | 38.30% | 14.69% |
| Management Fee | 1.15% | 0.00% | 1.50% | 98.28% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.42% |
| Administrative Fee | N/A | 0.01% | 0.45% | 59.89% |
Sales Fees
| THBIX 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
| THBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 8.62% |
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.
| THBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 1.00% | 314.00% | 66.23% |
THBIX - Distributions
Dividend Yield Analysis
| THBIX | Category Low | Category High | THBIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.47% | 90.68% |
Dividend Distribution Analysis
| THBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| THBIX | Category Low | Category High | THBIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.73% | -2.40% | 2.49% | 92.69% |
Capital Gain Distribution Analysis
| THBIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $0.299 | CapitalGainShortTerm |
| Dec 13, 2024 | $6.366 | CapitalGainLongTerm |
| Dec 13, 2023 | $3.584 | CapitalGainLongTerm |
| Jun 15, 2023 | $1.148 | CapitalGainLongTerm |
| Dec 16, 2021 | $2.401 | OrdinaryDividend |
| Dec 19, 2019 | $0.090 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.121 | CapitalGainShortTerm |
| Dec 20, 2018 | $0.384 | CapitalGainLongTerm |
| Dec 20, 2017 | $0.710 | CapitalGainShortTerm |
| Dec 20, 2017 | $1.436 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.326 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.540 | CapitalGainLongTerm |
| Dec 12, 2013 | $0.209 | CapitalGainShortTerm |
| Dec 12, 2013 | $0.038 | CapitalGainLongTerm |
| Dec 28, 2012 | $0.039 | OrdinaryDividend |
| Dec 13, 2012 | $0.057 | CapitalGainShortTerm |
THBIX - Fund Manager Analysis
Managers
Christopher Cuesta
Start Date
Tenure
Tenure Rank
Mar 30, 2012
10.18
10.2%
Christopher Cuesta is Chief Investment Officer of THB Asset Management. In this role, he maintains overall responsibility for the investment team. He is a portfolio manager on the firm’s Mid Cap, Small Cap, International Opportunities and US Micro Cap strategies. THB Asset Management was acquired by Victory Capital in March 2021 and is a Victory Capital Investment Franchise. Mr. Cuesta has been with THB since 2002 and has 25 years of investment experience. Prior to joining THB, Mr. Cuesta worked for Salomon Smith Barney and Van Eck Global. Mr. Cuesta received a B.S. from Fordham University in 1995. He is a CFA® charterholder.
Manish Maheshwari
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Manish Maheshwari is a portfolio manager for THB Asset Management. He serves as a portfolio manager on the firm’s Mid Cap, Small Cap, International Opportunities and US Micro Cap strategies. THB Asset Management was acquired by Victory Capital in March 2021 and is a Victory Capital Investment Franchise. Mr. Maheshwari has been a member of the THB team since 2011 and he has 22 years of experience. Prior to joining THB, Mr. Maheshwari worked for Barclays Capital, MBIA/Cutwater Asset Management and UBS. Mr. Maheshwari received an M.S. in financial mathematics from the University of Chicago and a B. Tech in chemical engineering from the Indian Institute of Technology BHU (Varanasi). He is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
