Victory RS Small Cap Growth Fund - Class Y
RSYEX
NASDAQ- -
USD
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- -
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.- CEO
- Jim Callinan
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Bush Street San Francisco CA United States of America 94104
- IPO Date
- May 1, 2007
- CIK
- 0000814232
- Website
- investor.vcm.com
- Similar Companies
- Business
- Victory RS Small Cap Growth Fund - Class Y (RSYEX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in a diversified portfolio of small-capitalization growth securities; the fund normally invests at least 80% of its assets in small U.S. companies with market capitalizations of less than $3 billion or 120% of the market capitalization of the largest company in the Russell 2000 Index, utilizing a research-intensive approach focused on innovative companies capable of gaining market share and achieving sustainable earnings growth in their industries. It offers multiple share classes including Class A (RSEGX), Class C (REGWX), Class R6 (RSEJX), and Class Y (RSYEX), with the latter designated for institutional investors and featuring a net expense ratio of 1.13% as of June 30, 2025; the fund maintains a portfolio of approximately 105 holdings, with a weighted average market capitalization of $5.4 billion, active share of 77.9%, and a last-twelve-month portfolio turnover ratio of 114.3%. The fund targets investors seeking exposure to dynamic small-cap growth opportunities that have the potential to evolve into mid- and large-cap companies, with sector allocations emphasizing technology, producer durables (industrials), health care, and consumer discretionary as of June 30, 2025. Class Y shares were inaugurated on May 1, 2007, as part of RS Investment Trust managed by RS Investment Management Co. LLC, which traces its small-cap growth expertise back to 1987; following Victory Capital's acquisition of RS Investments from The Guardian Life Insurance Company of America in July 2016, the fund transitioned to Victory Funds on July 30, 2016, with performance history prior to that date reflecting the predecessor RS Small Cap Growth Fund without restatement for expense differences. Victory Capital Management Inc., the fund's investment adviser, operates as a multi-boutique asset management firm headquartered at 15935 La Cantera Parkway, Building Two, San Antonio, Texas, overseeing approximately $395.4 million in assets for this fund as of June 30, 2025. The portfolio management team, led by D. Scott Tracy, CFA (since 2007), Stephen Bishop (since 2007), Melissa Chadwick-Dunn (since 2007), and Paul Leung, CFA (since 2018), employs stringent risk management criteria alongside fundamental analysis. Recent developments include sustained management fee waivers and/or expense reimbursements through April 30, 2026, supporting a net expense ratio lower than the gross; as of Q2 2025 ending June 30, 2025, Class Y shares delivered a quarterly return of 9.95% (net of fees), year-to-date performance of -7.88%, and five-year annualized returns of -1.43%, amid challenging small-cap growth market conditions reflected in the Russell 2000 Growth Index. The fund received Morningstar ratings of 3 stars overall, 2 stars for three years, 1 star for five years, and 4 stars for ten years among 527, 512, and 400 small growth funds, respectively, based on risk-adjusted returns for the A share class. No major acquisitions, new product launches, or strategic reorganizations specific to RSYEX have been announced in the last 1-2 years, with operations remaining focused on U.S. small-cap equities and limited international exposure (approximately 5% non-U.S. holdings as of mid-2025).