Victory Capital (NASDAQ:VCTR) today announced that it is honored to
be ranked 10th in “Barron’s Best Fund Families” for the one-year
period ended December 31, 2017. The firm also took second place in
the mixed asset category in 2017. This is the fourth consecutive
year that Victory Capital has been ranked among the top 25 fund
families by Barron’s.
“This distinction is a true testament to the
skill and dedication of our investment franchises and the
relentless drive that defines our culture,” said David Brown,
Chairman and Chief Executive Officer of Victory Capital. “Providing
excellent risk-adjusted returns to our clients remains our top
priority. We are committed to offering innovative solutions across
a variety of specialized asset classes and investment vehicles,
including our VictoryShares strategic beta ETFs.”
ABOUT VICTORY CAPITAL
Victory Capital is an independent investment
management firm operating a next-generation, integrated
multi-boutique business model with $61.8 billion in assets under
management and advisement as of December 31, 2017.
Our differentiated model is comprised of nine
investment franchises, each with an independent culture and
investment approach. Additionally, we offer a rules-based solutions
platform, featuring our VictoryShares ETF brand, as well as custom
and multi-asset class solutions. Our investment franchises and
solutions platform are supported by a centralized distribution,
marketing and operational environment, in which our investment
professionals can focus on the pursuit of investment
excellence.
Victory Capital provides institutions, financial
advisors and retirement platforms with a variety of asset classes
and investment vehicles, including separately managed accounts,
collective trusts, mutual funds, ETFs and UMA/SMA vehicles.
For more information, please visit
www.vcm.com.
Past performance is not indicative of
future results.
An investor should consider the fund's
investment objectives, risks, charges and expenses carefully before
investing or sending money. This and other important information
about the investment company can be found in the fund's prospectus.
To obtain a prospectus, please call 1-800-539-FUND (1-800-539-3863)
or visit www.vcm.com. Please read the prospectus carefully before
investing.
Victory Mutual Funds are distributed by Victory Capital
Advisers, Inc.
Barron’s ranked Victory Capital 10th overall and
2nd in the Mixed Asset category out 58 fund families for the
one-year period ended December 31, 2017, 21st out of 61 firms for
the one-year period ended December 31, 2016, 25th out of 67 firms
for the one-year period ended December 31, 2015, and 15th out of 65
firms for the one-year period ended December 31, 2014.
How Barron’s Ranks the Fund Families
All mutual and exchange-traded funds are
required to report their returns (to regulators, as well as in
advertising and marketing material) after fees are deducted, to
better reflect what investors would actually receive. But our aim
is to measure managers’ skill, independent of expenses beyond
annual management fees. That’s a large part of why we calculate
returns before any 12b-1 fees are deducted. Similarly, loads, or
sales charges, aren’t included in our calculation of returns. The
other reason? The multitude of share classes makes it nearly
impossible to ascertain what a typical investor would pay in terms
of annual expenses or loads.
Each fund’s performance is measured against all
of the other funds in its Lipper category, with a percentile
ranking of 100 being the highest and one the lowest. The result is
then weighted by asset size, relative to the fund family’s other
assets in its general classification. If a family’s biggest funds
do well, that boosts its overall showing; poor performance in its
biggest funds hurts a firm’s ranking. To be included in our survey,
a firm must have at least three funds in the general equity
category, one world equity, one mixed asset (such as a balanced or
target-date fund), two taxable bonds, and one national tax-exempt
bond fund.
We have historically excluded single-sector and
single-country stock funds, but those are now included, as part of
the general equity category. We exclude all index funds, including
pure index, enhanced index, and index-based. But we include
actively managed exchange-traded funds and ETFs with indexing
strategies that are not the traditional capitalization-weighted or
equal-weighted.
Finally, the score is multiplied by the
weighting of its general classification, as determined by the
entire Lipper universe of funds. The category weightings for the
one-year results in 2017 were general equity, 36.1%; mixed asset,
19.9%; world equity, 18.7%; taxable bond, 21.2%; and tax-exempt
bond, 4%,
The scoring: Say a fund in
the general U.S. equity category has $500 million in assets,
accounting for half of a firm’s assets in that category, and its
performance lands it in the 75th percentile for the category. The
first calculation would be 75 times 0.5, which comes to 37.5. That
score is then multiplied by 36.1%, general equity’s overall
weighting in Lipper’s universe. So it would be 37.5 times 0.361,
which equals 13.54. Similar calculations are done for each fund in
our study. Then the numbers are added for each category and
overall. The shop with the highest total score wins. The same
process is repeated to determine five- and 10-year rankings.
Source: “Barron’s Best Fund Families”, March 12, 2018.
PRESS INQUIRIES
Contact:Tricia
Ross310-622-8226tross@finprofiles.com
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