Victory Integrity Discovery Fund
MMERX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Victory Portfolios DE United States of America
- IPO Date
- Jul 29, 2004
- CIK
- 0001214511
- Similar Companies
- Business
- Victory Integrity Discovery Fund (MMERX) is a mutual fund that seeks capital appreciation by investing primarily in equity securities of micro-capitalization companies believed to be undervalued yet positioned for outperformance; it allocates at least 80% of its assets to such securities, focusing on firms with market capitalizations generally in the range of the Russell Microcap Value Index, including common stocks of small, lesser-known companies exhibiting strong earnings growth potential and trading below estimated intrinsic value. The fund offers multiple share classes, including Class A (MMEAX), Class C (MMECX), Class Y (MMEYX), and Member Class (MMMMX), with varying expense ratios such as 1.60% net for Class A and 1.44% for Class Y as of late 2025; its portfolio typically comprises around 117 holdings diversified across sectors like industrials, technology, financials, and health care, with top positions in companies such as nLIGHT Inc., Kimball Electronics Inc., Enviri Corp., Bel Fuse Inc. Class B, and Artivion Inc.. Managed by a team led by Dan DeMonica, CFA (since 2011), Mirsat Nikovic, CFA (since 2011), Sean Burke (since 2015), and Michael Wayton, CFA (since 2018), the fund employs a bottom-up value strategy emphasizing statistically cheap stocks with improving investor sentiment and ongoing risk evaluation.. Launched on December 26, 1996, with Class A and Y shares, the fund operates within the small value category and is domiciled in the United States under Victory Capital Management Inc., a diversified global asset manager headquartered at 15935 La Cantera Parkway, San Antonio, Texas. Victory Capital, the fund's adviser and a publicly traded firm (NASDAQ: VCTR), oversees approximately $300 billion in assets following recent strategic expansions and maintains additional offices in locations including Brooklyn, Ohio, and Birmingham, Michigan; the fund targets institutional, intermediary, and individual investors seeking exposure to micro-cap value opportunities in the U.S. equity market.. In a significant development closed on March 31, 2025, parent company Victory Capital combined with Amundi US and established Amundi as a strategic shareholder holding a 26.1% economic stake, alongside 15-year distribution and services agreements to enhance U.S. investment solutions and global product access for clients; this transaction, initially announced in July 2024, bolsters Victory Capital's scale without cash consideration and aligns with its multi-boutique model. The fund itself maintains portfolio continuity with a low turnover ratio of 24.12% as of September 30, 2025, and total net assets around $64.1 million, reflecting no major internal reorganizations but benefiting from the parent's enhanced distribution platform..