Victory Growth Fund
USAAX
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
- 15935 La Cantera Parkway San Antonio TX United States of America 78256
- IPO Date
- Jan 2, 1980
- CIK
- 0000908695
- Website
- investor.vcm.com
- Similar Companies
- Business
- USAA Mutual Funds Trust - USAA Growth Fund (USAAX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities selected for their growth potential, including large-cap U.S. stocks in sectors such as information technology, consumer discretionary, communication services, and financials; it may allocate up to 20% of assets to foreign securities, including emerging markets, warrants, rights, and real estate investment trusts. The fund, classified in the large-growth category, targets companies projected to grow faster than other large-cap stocks based on high growth rates in earnings, sales, book value, and cash flow, as well as elevated valuations. As of late 2025, top holdings include Microsoft Corp., NVIDIA Corp., Broadcom Inc., Netflix Inc., Oracle Corp., and Visa Inc., with approximately 95.75% in domestic stocks and an average portfolio P/E ratio of 38.14. Originally part of USAA Mutual Funds Trust, founded in 1971 and headquartered at 9800 Fredericksburg Road in San Antonio, Texas, the fund operates within a structure now managed by Victory Capital following its 2019 acquisition of USAA Asset Management Company, which brought approximately $80 billion in assets under management and diversified Victory's platform with mutual funds, ETFs, and 529 plans. In 2023, the trust underwent a significant rebranding, changing its name to Victory Portfolios III effective April 24, with USAA Growth Fund retaining its ticker USAAX but aligning under Victory Funds branding; this followed Victory Capital's expansion of its direct investor business and renaming of USAA Investments to Victory Income Investors, with no changes to investment objectives, teams, or processes. The fund distributes shares through Victory Capital Advisers, Inc., targeting individual and institutional investors seeking growth-oriented equity exposure, primarily in the U.S. market with limited international reach. Recent performance as of October 31, 2025, shows strong returns, outperforming the S&P 500 and category average in growth of a hypothetical $10,000 investment, amid Victory Capital's broader 2024 strategic partnership with Amundi to combine its U.S. business, enhancing scale and capabilities. Traded on NASDAQ, the fund maintains a focus on U.S. equities while adapting to market forces through active management.