Victory Integrity Discovery Fund Class C
MMECX
NASDAQ29.67
USD
+0.19
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Victory Integrity Discovery Fund Class C
MMECX
(NASDAQ)
Recent
price
29.67
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Victory Integrity Discovery Fund Class C (MMECX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of micro-capitalization companies believed to be undervalued yet poised to outperform; it generally targets companies with market capitalizations in the range of those in the Russell Microcap Value Index, employing a fundamental, value-oriented strategy focused on statistically cheap stocks with improving investor sentiment and continuous risk evaluation. The fund offers multiple share classes, including Class A (MMEAX, inception December 26, 1996), Class C (MMECX, inception March 31, 1997), Class Y (MMEYX), and Member Shares (MMMMX, inception November 2, 2020), with net expense ratios ranging from 1.44% to 2.45% as of September 30, 2025; it maintains a portfolio of approximately 117 holdings, with top sectors including industrials, financials, and information technology, and select top holdings such as nLIGHT, Inc. (LASR), Kimball Electronics, Inc. (KE), and Enviri Corporation (NVRI). Managed by the Integrity Asset Management team at Victory Capital—comprised of portfolio managers Dan DeMonica, CFA (since 2011), Mirsat Nikovic, CFA (since 2011), Sean Burke (since 2015), and Michael Wayton, CFA (since 2018)—the fund operates within the small value category, serving retail and institutional investors seeking exposure to microcap value equities. The fund is part of the Victory Funds family, managed by Victory Capital, a diversified global asset management firm headquartered in San Antonio, Texas, with origins tracing to a 2013 management-led buyout and subsequent relocations and acquisitions; Integrity Asset Management, based in Rocky River, Ohio, functions as a specialized investment franchise within Victory Capital, emphasizing institutional approaches to value-oriented equity strategies. Geographically, the fund focuses on U.S.-listed microcap equities, with no significant international allocation emphasis beyond standard market exposure. In recent developments, Victory Capital, the fund's parent, closed a transformative strategic partnership with Amundi in April 2025, following a definitive agreement in 2024, under which Amundi acquired a 26.1% economic stake, enabling reciprocal 15-year global distribution agreements and the reintroduction of the Pioneer Investments brand for certain U.S. strategies; this alliance expands Victory Capital's international reach to 22 UCITS funds while adding three new UCITS offerings and driving net expense synergies exceeding $100 million within the first year. Additionally, Victory Capital reported record 2024 financial results and launched three new active ESG VictoryShares ETFs earlier in 2025, reflecting ongoing product innovation and organic growth across its platform, though no fund-specific acquisitions, closures, or managerial changes were noted for MMECX itself. As of September 30, 2025, the fund's assets stood at approximately $64.1 million, with a five-year annualized return of 18.53% for Class A shares (net of fees).