Fund Facts  

Inception Date: Mar 1, 2010
Ticker Symbol: VEVIX
Morningstar Category:Mid-Cap Value
As of Mar 31, 2016
Fund Net Assets ($millions) $3,670

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital growth by investing primarily in common stocks.

Principal Investment Strategies  

The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net 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 on U.S. exchanges, including American and Global Depositary Receipts (ADRs and GDRs).

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Victory Sycamore Est Value Ia4.35%4.35%0.56%12.12%10.55%N/A13.37%
Russell Midcap Value Indexa,b3.92%3.92%-3.39%9.88%10.52%7.23%N/A
Morningstar Mid-Cap Valuea,c2.41%2.41%-5.46%7.85%8.06%6.10%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa0.63%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The Russell Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with lower price-to-book ratios and lower forecasted growth values.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 29, 2016Mar 29, 2016$0.064256000
Dec 29, 2015Dec 29, 2015$3.359231000
Sep 28, 2015Sep 28, 2015$0.079588000
Jun 26, 2015Jun 26, 2015$0.116617000
Mar 27, 2015Mar 27, 2015$0.088324000
Dec 29, 2014Dec 29, 2014$4.802978000
Sep 26, 2014Sep 26, 2014$0.086153000
Jun 26, 2014Jun 26, 2014$0.086907000
Mar 26, 2014Mar 26, 2014$0.069224000
Dec 26, 2013Dec 26, 2013$2.427792000
Sep 26, 2013Sep 26, 2013$0.068441000
Jun 26, 2013Jun 26, 2013$0.069630000
Mar 26, 2013Mar 26, 2013$0.044371000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 5 Stars405
3-Year 5 Stars405
5-Year 5 Stars339
10-Year N/A N/A

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Medium Value
Allocation of Assets As of Dec 31, 2015
Type of Asset Percent
Equity95%
Fixed Income0%
Cash/Other5%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2015
Asset ClassPercent
Domestic Stock95.3%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash4.7%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Dec 31, 2015
SectorPercent
Financial Services17.9%
Industrials17.5%
Consumer Cyclical13.4%
Technology12.9%
Utilities8.1%
Basic Materials6.5%
Healthcare6.2%
Energy5.2%
Consumer Defensive4.4%
Real Estate3.2%
Communication Services0.0%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Dec 31, 2015
Holding NamePercent
Unum Group2.5%
Citizens Financial Group Inc2.4%
SunTrust Banks Inc2.4%
Xylem Inc2.3%
Xcel Energy Inc2.0%
Alliant Energy Corp2.0%
Parker Hannifin Corp2.0%
Alleghany Corp2.0%
DTE Energy Holding Co1.9%
AptarGroup Inc1.9%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.980.98
Alpha2.280.29
Standard Deviation11.9413.55
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.