Victory Munder Mid-Cap Core Growth Fund
MMSRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Victory Portfolios Australia
- IPO Date
- Jul 29, 2004
- CIK
- 0001214511
- Similar Companies
- Business
- Victory Munder Mid-Cap Core Growth Fund (MMSRX) 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, defined as those within the market capitalization range of the S&P MidCap 400 Index; it employs a growth at a reasonable price (GARP) strategy focusing on securities with superior earnings growth, high return on invested capital, positive earnings/price momentum, and reasonable valuations, supported by intensive bottom-up fundamental research and robust risk controls to achieve positive risk-adjusted returns relative to the Russell Midcap Growth Index benchmark over a full market cycle. The fund offers multiple share classes including Class R (MMSRX), Class A (MGOAX), Class C (MGOTX), Class Y (MGOYX), and Class R6 (MGOSX), with net expense ratios ranging from 0.89% for R6 shares to 2.12% for Class C shares (reflecting waivers through October 31, 2025); it maintains a diversified portfolio with top sectors including technology (approximately 19%), financial services (19%), and consumer cyclical (12%), primarily in U.S. stocks (96%) alongside minor non-U.S. exposure. Launched on June 24, 1998, with Class R shares introduced later, the fund is managed by Victory Capital Management Inc., a diversified global asset management firm headquartered in San Antonio, Texas, targeting institutional, intermediary, and individual investors seeking mid-cap growth exposure. In recent developments, Fidelity notified investors as of November 7, 2025, that the fund dropped "Munder" from its name across share classes, now officially known as Victory Mid-Cap Core Growth Fund, reflecting full integration following Victory Capital's 2014 acquisition of Munder Capital Management. Victory Capital, the fund's adviser, closed a strategic partnership with Amundi in March 2025, combining Amundi US operations to manage nearly $300 billion in assets and establishing 15-year distribution agreements for cross-border product access, enhancing the firm's global reach. Additionally, on December 11, 2025, Victory Capital expanded its international offerings by launching three new UCITS funds, bringing its total to 22 UCITS strategies and supporting broader distribution of products like this fund outside the U.S..