Victory Precious Metals and Minerals Fund
USAGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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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
- 15935 La Cantera Parkway San Antonio TX United States of America 78256
- IPO Date
- Aug 15, 1984
- CIK
- 0000908695
- Website
- investor.vcm.com
- Similar Companies
- Business
- Victory Precious Metals and Minerals Fund (USAGX) is an open-end mutual fund that seeks long-term capital appreciation and protection of capital purchasing power against inflation by investing principally in equity securities of companies engaged in the exploration, mining, or processing of precious metals and minerals. The fund normally invests at least 80% of its assets in such equities of domestic and foreign companies, including those in emerging markets, focusing on gold, platinum, silver, diamonds, and related minerals; top holdings typically include major producers such as Agnico Eagle Mines Ltd., Barrick Gold Corp., Newmont Corp., Wheaton Precious Metals Corp., and Gold Fields Ltd., with significant allocations to basic materials sector companies in Canada, Africa, the United States, Australasia, and emerging Asia. It offers no-load share classes with a net expense ratio of approximately 1.14% to 1.18%, minimum initial investment of $3,000, and annual dividend distributions alongside December capital gains; secondary emphasis is placed on current income. Founded on August 15, 1984, and domiciled in the United States, the fund operates under Victory Capital Management Inc., headquartered at 4249 Easton Way, Suite 400, Columbus, Ohio 43219, following the 2019 acquisition of USAA Asset Management Company by Victory Capital. Portfolio managers include Mannik Dhillon (since July 2019), Elie Masri, and Lance Humphrey (both since February 2021), with a low turnover rate of around 9% to 18% reflecting a buy-and-hold strategy concentrated in non-diversified precious metals equities. The fund targets investors seeking inflation hedging, portfolio volatility reduction, and exposure to global precious metals markets through mid-growth style investments. In early Q2 2023, the fund underwent a rebranding from USAA Precious Metals and Minerals Fund to its current Victory Precious Metals and Minerals Fund name as part of Victory Capital's integration of acquired USAA mutual funds, with no changes to investment objectives, management teams, processes, ticker symbols, or CUSIPs required from investors. Recent performance reflects strong gains amid precious metals market rallies, with year-to-date returns exceeding 37% as of March 2025 and one-year returns around 50%, supported by net assets growing to approximately $987 million; no major acquisitions, partnerships, funding rounds, or new product launches were reported in the last 1-2 years beyond ongoing portfolio adjustments. The fund maintains availability for sale in the United States with daily pricing.