Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Victory Cornerstone Equity Fund (Formerly USAA Cornerstone Equity Fund)
mutual fund
UCEQX
Payout Change
Pending
Price as of:
$17.95
+0.06
+0.34%
primary theme
N/A
share class
UCEQX (Mutual Fund)
Victory Cornerstone Equity Fund (Formerly USAA Cornerstone Equity Fund)
UCEQX (Mutual Fund)
Victory Cornerstone Equity Fund (Formerly USAA Cornerstone Equity Fund)
Payout Change
Pending
Price as of:
$17.95
+0.06
+0.34%
primary theme
N/A
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
$17.95
$248 M
1.81%
$0.33
0.62%
Vitals
YTD Return
14.8%
1 yr return
25.8%
3 Yr Avg Return
3.5%
5 Yr Avg Return
8.9%
Net Assets
$248 M
Holdings in Top 10
89.2%
52 WEEK LOW AND HIGH
$17.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
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
$17.95
$248 M
1.81%
$0.33
0.62%
UCEQX - Profile
Distributions
- YTD Total Return 14.8%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 8.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.74%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVictory Cornerstone Equity Fund (Formerly USAA Cornerstone Equity Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateNov 05, 2012
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLance Humphrey
Fund Description
The Fund invests at least 80% of its assets in a selection of affiliated mutual funds and exchange-traded funds (“ETFs”) (“underlying affiliated funds”) that invest primarily in equity securities. The underlying affiliated funds consist of a long-term target asset allocation in equity securities. This is often referred to as a fund-of-funds investment strategy. This 80% policy may be changed upon at least 60 days’ prior written notice to shareholders.
Read More
UCEQX - Performance
Return Ranking - Trailing
| Period | UCEQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.8% | -35.6% | 29.2% | 14.54% |
| 1 Yr | 25.8% | 17.3% | 252.4% | 47.39% |
| 3 Yr | 3.5%* | -3.5% | 34.6% | 73.84% |
| 5 Yr | 8.9%* | 0.1% | 32.7% | 65.91% |
| 10 Yr | 7.7%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | UCEQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.0% | -24.3% | 957.1% | 79.67% |
| 2022 | -22.0% | -38.3% | 47.1% | 73.45% |
| 2021 | 14.3% | -54.2% | 0.6% | 71.74% |
| 2020 | 2.3% | -76.0% | 54.1% | 43.63% |
| 2019 | 16.9% | -26.1% | 47.8% | 12.60% |
Total Return Ranking - Trailing
| Period | UCEQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.8% | -35.6% | 29.2% | 14.88% |
| 1 Yr | 25.8% | 11.4% | 252.4% | 43.30% |
| 3 Yr | 3.5%* | -3.5% | 34.6% | 71.78% |
| 5 Yr | 8.9%* | 0.1% | 32.7% | 63.76% |
| 10 Yr | 7.7%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | UCEQX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.9% | -24.3% | 957.1% | 79.67% |
| 2022 | -16.6% | -33.1% | 47.1% | 73.70% |
| 2021 | 15.8% | -44.4% | 1.8% | 80.08% |
| 2020 | 10.8% | -6.5% | 54.1% | 62.81% |
| 2019 | 22.5% | -14.4% | 47.8% | 22.81% |
NAV & Total Return History
UCEQX - Holdings
Concentration Analysis
| UCEQX | Category Low | Category High | UCEQX % Rank | |
|---|---|---|---|---|
| Net Assets | 248 M | 199 K | 133 B | 61.95% |
| Number of Holdings | 19 | 1 | 9075 | 94.38% |
| Net Assets in Top 10 | 221 M | -18 M | 37.6 B | 47.14% |
| Weighting of Top 10 | 89.24% | 9.1% | 100.0% | 2.75% |
Top 10 Holdings
- VICTORY 500 INDEX FUND 20.41%
- VICTORY INTERNATIONAL FUND 16.53%
- VICTORYSHARES INTERNATIONAL VA 9.78%
- VICTORYSHARES WESTEND US SECTOR ETF 7.90%
- VICTORY NASDAQ 100 INDEX FUND 7.51%
- VICTORY TARGET MANAGED ALLOCATION FUND 6.13%
- VICTORYSHARES US VALUE MOMENTU 5.46%
- VICTORYSHARES FREE CASH FLOW ETF 5.25%
- VICTORY EMERGING MARKETS FUND 5.15%
- VICTORYSHARES EMERGING MARKETS 5.11%
Asset Allocation
| Weighting | Return Low | Return High | UCEQX % Rank | |
|---|---|---|---|---|
| Cash | 0.41% | -174.70% | 23.12% | 79.07% |
| Stocks | 0.00% | 61.84% | 125.47% | 26.76% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 99.56% |
| Other | 0.00% | -13.98% | 19.14% | 10.02% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 99.89% |
| Bonds | 0.00% | -1.50% | 161.67% | 99.45% |
UCEQX - Expenses
Operational Fees
| UCEQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.01% | 44.27% | 98.40% |
| Management Fee | 0.00% | 0.00% | 1.82% | 3.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | 77.33% |
Sales Fees
| UCEQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| UCEQX 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.
| UCEQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 395.00% | 2.41% |
UCEQX - Distributions
Dividend Yield Analysis
| UCEQX | Category Low | Category High | UCEQX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.81% | 0.00% | 3.26% | 99.89% |
Dividend Distribution Analysis
| UCEQX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| UCEQX | Category Low | Category High | UCEQX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -4.27% | 12.65% | 9.20% |
Capital Gain Distribution Analysis
| UCEQX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.330 | OrdinaryDividend |
| Dec 18, 2023 | $0.468 | CapitalGainLongTerm |
| Dec 23, 2022 | $0.247 | OrdinaryDividend |
| Dec 19, 2022 | $0.691 | CapitalGainLongTerm |
| Dec 20, 2021 | $0.222 | OrdinaryDividend |
| Dec 28, 2020 | $0.196 | OrdinaryDividend |
| Dec 18, 2020 | $1.074 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.322 | OrdinaryDividend |
| Dec 18, 2019 | $0.399 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.252 | OrdinaryDividend |
| Dec 11, 2018 | $0.102 | CapitalGainShortTerm |
| Dec 11, 2018 | $0.512 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.221 | OrdinaryDividend |
| Dec 11, 2017 | $0.001 | CapitalGainShortTerm |
| Dec 11, 2017 | $0.075 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.194 | OrdinaryDividend |
| Dec 09, 2016 | $0.217 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.153 | OrdinaryDividend |
| Dec 09, 2015 | $0.013 | CapitalGainShortTerm |
| Dec 09, 2015 | $0.276 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.240 | OrdinaryDividend |
| Dec 08, 2014 | $0.001 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.028 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.164 | OrdinaryDividend |
| Dec 06, 2013 | $0.002 | CapitalGainShortTerm |
| Dec 06, 2013 | $0.052 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.118 | OrdinaryDividend |
| Dec 07, 2012 | $0.002 | CapitalGainShortTerm |
UCEQX - 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.
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.
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 |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
