Fund Facts  

Inception Date: Mar 1, 2010
CUSIP: 92646A831
Ticker Symbol: VEVIX
Morningstar Category:Mid-Cap Value
As of Mar 31, 2018
Fund Net Assets ($millions) $10,742

Documents for Fund or Underlying Fund(s)  



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 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 in the U.S., including American Depositary Receipts 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 Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Mar 31, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Victory Sycamore Est Value Ia-1.10%-1.10%9.12%10.19%13.40%N/A13.85%
Russell Midcap Value Indexa,b-2.50%-2.50%6.50%7.23%11.11%9.81%N/A
Morningstar Mid-Cap Valuea,c-2.21%-2.21%7.30%6.75%10.06%8.87%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

Fund Expensesa
Gross Expenses0.62%
Net Expenses0.62%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

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 Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 26, 2018Mar 26, 2018$0.112407000
Dec 26, 2017Dec 26, 2017$0.119849000
Dec 20, 2017Dec 20, 2017$0.992900000
Sep 26, 2017Sep 26, 2017$0.076007000
Jun 27, 2017Jun 27, 2017$0.079763000
Mar 28, 2017Mar 28, 2017$0.070387000
Dec 28, 2016Dec 28, 2016$0.437371000
Sep 28, 2016Sep 28, 2016$0.058594000
Jun 28, 2016Jun 28, 2016$0.064983000
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

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2018
Period Stars Category Size
Overall 5 Stars361
3-Year 5 Stars361
5-Year 5 Stars309
10-Year N/A N/A

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2018
Equity Stylebox
Medium Value
Allocation of Assets As of Dec 31, 2017
Type of Asset Percent
Fixed Income0%

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



Allocation of Assets As of Dec 31, 2017
Asset ClassPercent
Domestic Stock96.9%
Foreign Stock1.6%
Domestic Bond0.0%
Foreign Bond0.0%

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

Equity Sector As of Dec 31, 2017
Financial Services19.7%
Consumer Cyclical16.4%
Basic Materials6.9%
Consumer Defensive6.4%
Real Estate3.1%
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, 2017
Holding NamePercent
Archer-Daniels Midland Co2.6%
Reliance Steel & Aluminum Co2.4%
SunTrust Banks Inc2.3%
Aflac Inc2.2%
VF Corp2.0%
Alleghany Corp2.0%
Citizens Financial Group Inc1.9%
Quanta Services Inc1.8%
Textron Inc1.8%
Quest Diagnostics Inc1.7%


Portfolio Statistics As of Mar 31, 2018
Standard Deviation10.7210.43



Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing, or visiting

The source for this information is Morningstar, Inc. Copyright © 2018 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.