Earns 10th Place for 10-Year Period
Victory Capital (NASDAQ:VCTR) today announced that it is honored
to be ranked 7th in “Barron’s Top Fund Families” for the five-year
period and 10th for the 10-year period ended December 31, 2019. The
firm was ranked 17th overall on a one-year basis for 2019. This is
the sixth consecutive year that Victory Capital has been ranked
among the top 25 fund families by Barron’s.
“We are committed to delivering excellent long-term
risk-adjusted returns to our clients,” said David Brown, Chairman
and Chief Executive Officer of Victory Capital. “We are proud of
the outstanding work that our Investment Franchises and Solutions
Platform are doing year after year.”
About Victory Capital
Victory Capital is a global investment management firm operating
a next-generation, integrated multi-boutique business model with
$150.3 billion in assets under management as of January 31,
2020.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors, including USAA members through its direct member
channel. Through its Investment Franchises and Solutions Platform,
Victory Capital offers a diverse array of independent investment
approaches and innovative investment vehicles designed to drive
better investor outcomes. This includes actively managed mutual
funds and separately managed accounts, rules-based and active ETFs,
multi-asset class strategies, custom solutions and a 529 College
Savings Plan.
For more information, please visit www.vcm.com or follow us on
Twitter and LinkedIn.
USAA is a trademark of United Services Automobile Association
and is being used by Victory Capital and its affiliates under
license. Victory Capital and its affiliates are not affiliated with
USAA or its affiliates.
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 Funds are distributed by Victory Capital Advisers, Inc.
(VCA). VictoryShares ETFs are distributed by Foreside Fund
Services, LLC. Victory Capital Management Inc. (VCM) is the adviser
to VictoryShares ETFs and Victory Funds. VCM and VCA are
affiliated. They are not affiliated with Foreside Fund Services,
LLC.
Barron’s ranked Victory Capital 17th out of 55 firms for the
one-year period ended December 31, 2019. It was ranked 7th out of
52 firms for the five-year period and 10th out of 45 firms for the
10-year period ended December 31, 2019. It was ranked 9th out of 57
firms for the one-year period ended December 31, 2018; 10th out of
58 firms 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 experience. But our aim is to measure
manager skill, independent of expenses beyond annual management
fees. That’s why we calculate returns before any 12b-1 fees are
deducted. Similarly, fund loads, or sales charges, aren’t included
in our calculation of returns.
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. This 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 ranking; poor performance in its biggest funds
hurts a firm’s ranking.
To be included in the ranking, a firm must have at least three
funds in the general equity category, one world equity, one mixed
equity (such as a balanced or target-date fund), two taxable bond
funds, and one national tax-exempt bond fund.
We have historically excluded single-sector and country equity
funds, but those are now factored into the rankings as general
equity. We exclude all passive index funds, including pure index,
enhanced index, and index-based, but include actively managed ETFs
and so-called smart-beta ETFs, which are passively managed but
created from active strategies.
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 2019
were general equity, 35.4%; mixed asset, 21.1%; world equity, 17%;
taxable bond, 21.8%; and tax-exempt bond, 4.6%.
The category weightings for the five-year results were general
equity, 36.9%; mixed asset, 19.7%; world equity, 17.2%; taxable
bond, 21.7%; and tax-exempt bond, 4.6%. For the 10-year list, they
were general equity, 37.6%; mixed asset, 20.1%; world equity, 17.5;
taxable bond, 20%; and tax-exempt bond, 4.7%.
The scoring: Say a fund in the general U.S. equity category has
$500 million in assets, accounting for half of the 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 35.4%,
general equity’s overall weighting in Lipper’s universe. So it
would be 37.5 times 0.354, which equals 13.28. 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 the five- and
10-year rankings.
Source: “Barron’s Top Fund Families of 2019,” February 14,
2020.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218005238/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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