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Victory Cornerstone Aggressive Fund (Formerly USAA Cornerstone Aggressive Fund)
mutual fund
UCAGX
Payout Change
Pending
Price as of:
$15.37
+0.01
+0.07%
primary theme
U.S. Growth/Balanced Allocation
share class
UCAGX (Mutual Fund)
Victory Cornerstone Aggressive Fund (Formerly USAA Cornerstone Aggressive Fund)
Payout Change
Pending
Price as of:
$15.37
+0.01
+0.07%
primary theme
U.S. Growth/Balanced Allocation
share class
UCAGX (Mutual Fund)
Victory Cornerstone Aggressive Fund (Formerly USAA Cornerstone Aggressive Fund)
Payout Change
Pending
Price as of:
$15.37
+0.01
+0.07%
primary theme
U.S. Growth/Balanced Allocation
share class
Name
As of 11/01/2024Price
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
$15.37
$402 M
1.74%
$0.27
1.31%
Vitals
YTD Return
11.6%
1 yr return
20.3%
3 Yr Avg Return
3.6%
5 Yr Avg Return
7.6%
Net Assets
$402 M
Holdings in Top 10
44.3%
52 WEEK LOW AND HIGH
$15.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
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
$15.37
$402 M
1.74%
$0.27
1.31%
UCAGX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.88%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Cornerstone Aggressive Fund (Formerly USAA Cornerstone Aggressive Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateJun 26, 2012
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLance Humphrey
Fund Description
The Fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives. The Fund has a target asset class allocation of approximately 80% equity securities and 20% fixed-income securities. The actual asset class allocation can deviate from time to time from these targets as market conditions warrant. The Fund’s asset allocation is actively managed by adjusting the Fund’s investments among asset classes that the Fund’s manager(s) deems appropriate, using a combination of active security selection, quantitative investing strategies, and investments in active and passive exchange-traded funds (“ETFs”), including affiliated mutual funds and ETFs (“underlying affiliated funds”), and futures. The implementation of the asset allocation may involve the extensive use of equity and fixed-income ETFs. The Fund may invest in securities issued by domestic or foreign companies. The Fund also may invest in investment-grade and below-investment- grade (“junk” or high-yield) fixed-income securities.The Fund’s investments also may include real estate investment trusts (“REITs”), investments that provide exposure to commodities (such as ETFs or natural resources companies), and derivatives, including futures and options. The Fund may use derivatives to reduce its volatility over time, to enhance returns, or to provide diversification.
Read More
UCAGX - Performance
Return Ranking - Trailing
| Period | UCAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | 1.6% | 21.5% | 63.36% |
| 1 Yr | 20.3% | 7.7% | 40.1% | 73.29% |
| 3 Yr | 3.6%* | -10.0% | 11.3% | 42.96% |
| 5 Yr | 7.6%* | 1.5% | 12.8% | 67.42% |
| 10 Yr | 6.2%* | 0.6% | 11.5% | 75.12% |
* Annualized
Return Ranking - Calendar
| Period | UCAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -6.9% | 29.3% | 58.42% |
| 2022 | -17.4% | -37.4% | -8.2% | 23.59% |
| 2021 | 7.0% | -9.8% | 25.4% | 56.63% |
| 2020 | 7.4% | -21.0% | 25.4% | 50.38% |
| 2019 | 17.5% | -8.3% | 27.9% | 26.46% |
Total Return Ranking - Trailing
| Period | UCAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.6% | 1.6% | 21.5% | 63.36% |
| 1 Yr | 20.3% | 7.7% | 40.1% | 73.29% |
| 3 Yr | 3.6%* | -10.0% | 11.3% | 42.96% |
| 5 Yr | 7.6%* | 1.5% | 12.8% | 67.42% |
| 10 Yr | 6.2%* | 0.6% | 11.5% | 75.12% |
* Annualized
Total Return Ranking - Calendar
| Period | UCAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.3% | -0.9% | 33.0% | 68.38% |
| 2022 | -13.5% | -36.0% | -0.9% | 26.76% |
| 2021 | 16.1% | -7.8% | 33.9% | 48.39% |
| 2020 | 9.5% | -16.2% | 25.4% | 71.59% |
| 2019 | 19.5% | 7.3% | 34.8% | 75.88% |
NAV & Total Return History
UCAGX - Holdings
Concentration Analysis
| UCAGX | Category Low | Category High | UCAGX % Rank | |
|---|---|---|---|---|
| Net Assets | 402 M | 1.41 M | 120 B | 73.63% |
| Number of Holdings | 386 | 4 | 2696 | 15.07% |
| Net Assets in Top 10 | 178 M | 1.18 M | 27.7 B | 78.77% |
| Weighting of Top 10 | 44.29% | 19.7% | 118.4% | 71.58% |
Top 10 Holdings
- VICTORYSHARES CORE INTERMEDIATE BOND ETF 8.13%
- SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF 7.63%
- VANGUARD FTSE DEVELOPED MARKET 7.18%
- VANGUARD S P 500 ETF 4.82%
- VANGUARD FTSE EMERGING MARKETS ETF 3.46%
- SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF 3.22%
- ISHARES CORE S P 500 ETF 2.76%
- APPLE INC 2.45%
- NVIDIA CORP 2.35%
- VANGUARD REAL ESTATE ETF 2.29%
Asset Allocation
| Weighting | Return Low | Return High | UCAGX % Rank | |
|---|---|---|---|---|
| Stocks | 40.03% | 0.00% | 100.07% | 90.75% |
| Cash | 0.70% | 0.00% | 89.93% | 58.56% |
| Bonds | 0.37% | 0.00% | 102.71% | 36.30% |
| Convertible Bonds | 0.31% | 0.00% | 26.48% | 52.07% |
| Preferred Stocks | 0.00% | 0.00% | 16.57% | 37.33% |
| Other | -0.20% | -0.31% | 28.56% | 98.97% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | UCAGX % Rank | |
|---|---|---|---|---|
| Technology | 17.42% | 3.31% | 52.93% | 65.17% |
| Financial Services | 17.04% | 0.28% | 52.80% | 28.28% |
| Healthcare | 12.38% | 0.00% | 36.30% | 65.17% |
| Industrials | 10.94% | 1.16% | 32.55% | 42.76% |
| Consumer Cyclical | 9.46% | 0.00% | 16.01% | 72.41% |
| Communication Services | 6.62% | 0.00% | 26.62% | 58.28% |
| Energy | 6.24% | 0.00% | 29.22% | 20.00% |
| Consumer Defense | 6.07% | 0.00% | 14.86% | 77.24% |
| Basic Materials | 5.93% | 0.00% | 11.49% | 7.59% |
| Real Estate | 4.96% | 0.00% | 33.86% | 39.31% |
| Utilities | 2.94% | 0.00% | 31.67% | 48.97% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | UCAGX % Rank | |
|---|---|---|---|---|
| US | 40.03% | 0.00% | 100.07% | 90.75% |
| Non US | 0.00% | 0.00% | 21.17% | 40.41% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | UCAGX % Rank | |
|---|---|---|---|---|
| Corporate | 38.18% | 0.00% | 98.43% | 32.76% |
| Government | 32.36% | 0.00% | 99.71% | 36.90% |
| Securitized | 18.57% | 0.00% | 37.97% | 20.34% |
| Municipal | 2.49% | 0.00% | 17.02% | 5.17% |
| Cash & Equivalents | 0.70% | 0.00% | 83.14% | 56.16% |
| Derivative | -0.20% | -0.45% | 28.56% | 98.97% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | UCAGX % Rank | |
|---|---|---|---|---|
| US | 0.37% | 0.00% | 102.71% | 36.30% |
| Non US | 0.00% | 0.00% | 1.68% | 22.60% |
UCAGX - Expenses
Operational Fees
| UCAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.31% | 0.04% | 4.67% | 26.03% |
| Management Fee | 0.60% | 0.00% | 1.25% | 79.45% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.01% | 0.28% | 74.36% |
Sales Fees
| UCAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| UCAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| UCAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 4.00% | 236.00% | 78.62% |
UCAGX - Distributions
Dividend Yield Analysis
| UCAGX | Category Low | Category High | UCAGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.74% | 0.00% | 10.22% | 55.48% |
Dividend Distribution Analysis
| UCAGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| UCAGX | Category Low | Category High | UCAGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.88% | -1.12% | 6.07% | 60.07% |
Capital Gain Distribution Analysis
| UCAGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.270 | OrdinaryDividend |
| Dec 21, 2022 | $0.081 | OrdinaryDividend |
| Dec 14, 2022 | $0.508 | OrdinaryDividend |
| Dec 22, 2021 | $0.151 | OrdinaryDividend |
| Dec 16, 2021 | $1.096 | OrdinaryDividend |
| Dec 22, 2020 | $0.179 | OrdinaryDividend |
| Dec 16, 2020 | $0.084 | OrdinaryDividend |
| Dec 27, 2019 | $0.152 | OrdinaryDividend |
| Dec 18, 2019 | $0.067 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.178 | OrdinaryDividend |
| Dec 11, 2018 | $0.217 | CapitalGainShortTerm |
| Dec 11, 2018 | $0.265 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.144 | OrdinaryDividend |
| Dec 11, 2017 | $0.234 | CapitalGainShortTerm |
| Dec 11, 2017 | $0.488 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.172 | OrdinaryDividend |
| Dec 29, 2015 | $0.162 | OrdinaryDividend |
| Dec 09, 2015 | $0.001 | CapitalGainShortTerm |
| Dec 09, 2015 | $0.083 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.170 | OrdinaryDividend |
| Dec 08, 2014 | $0.156 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.160 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.144 | OrdinaryDividend |
| Dec 06, 2013 | $0.045 | CapitalGainShortTerm |
| Dec 27, 2012 | $0.118 | OrdinaryDividend |
| Dec 07, 2012 | $0.170 | CapitalGainShortTerm |
UCAGX - Fund Manager Analysis
Managers
Lance Humphrey
Start Date
Tenure
Tenure Rank
Mar 09, 2016
6.23
6.2%
Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Mannik Dhillon
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Lela Dunlap
Start Date
Tenure
Tenure Rank
Oct 15, 2021
0.62
0.6%
Lela Dunlap, CFA, Associate Portfolio Manager, VictoryShares and Solutions, has co-managed the Fund since August 2021. Mrs. Dunlap has 14 years of investment management experience, five years of which were with AMCO, which was acquired by the Adviser’s parent company in 2019. She holds the CFA designation and is a member of the CFA Society of San Antonio.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.38 | 2.41 |
