- CEO
- Mark Henneman
- Full Time Employees
- 55
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbus OH 43219 St. Paul MN United States of America 55101
- IPO Date
- Jun 30, 2000
- Business
- Victory Munder Mid-Cap Core Growth Fund (MGOAX) is an open-end mutual fund that seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in equity securities of mid-capitalization companies within the market capitalization range of the Russell Midcap Index; it employs a Growth at a Reasonable Price (GARP) investment style, targeting companies with consistent higher-than-average earnings growth, financial stability including below-average debt levels, industry leadership, effective management teams, and attractive stock valuations relative to growth rates; the fund maintains a diversified portfolio of approximately 86 holdings across sectors such as financial services, technology, consumer cyclical, industrials, and healthcare, with top holdings including Cencora Inc., CBRE Group Inc., Brown & Brown Inc., Verisk Analytics Inc., and ResMed Inc.
The fund offers multiple share classes including Class A (MGOAX, inception July 1, 2000, net expense ratio 1.27%), Class C (MGOTX, inception July 14, 2000, net expense ratio 2.12%), Class R6 (MGOSX, inception June 1, 2012, net expense ratio 0.89%), and Class Y (MGOYX, inception June 24, 1998, net expense ratio 1.00%); it is managed by a team led by Robert Crosby, CFA (since 2012), and Sean Wright (since 2014), with total net assets of approximately $274 million as of March 31, 2025, and a portfolio turnover ratio of 79% last twelve months.
Victory Munder Mid-Cap Core Growth Fund operates primarily in the U.S. equity market, focusing on domestic mid-cap growth stocks for institutional and retail investors seeking exposure to medium-sized companies with strong fundamentals and reasonable valuations; it is domiciled in the United States and managed by Victory Capital Management Inc., headquartered in San Antonio, Texas.
Following Victory Capital Management Inc.'s acquisition of Munder Capital Management in October 2014, which integrated Munder's strategies including this fund into Victory's multi-boutique platform managing over $36 billion in assets at the time, the fund has continued under the Victory Munder branding with ongoing fee waivers through October 31, 2025, and maintained its core GARP approach amid recent market volatility, delivering a one-year return of approximately 10.85% for Class A shares as of calendar year 2024.