USAA 500 Index Fund
USPRX
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
- 15935 La Cantera Parkway San Antonio TX United States of America 78256
- IPO Date
- Apr 30, 2002
- CIK
- 0000908695
- Website
- usaa.com
- Similar Companies
- Business
- Victory 500 Index Fund (USPRX) Reward Shares is a large-blend mutual fund that seeks to match, before fees and expenses, the performance of the Victory US Large Cap 500 Index by investing, under normal market conditions, at least 80% of its assets in the common stocks of companies composing the index; the index is a market-cap weighted benchmark consisting of the largest 500 companies within the VettaFi US Equity 3000 Index, providing diversified exposure to large U.S. equities with low turnover of approximately 2% and quarterly dividend distributions. The fund offers Reward Shares designed for eligible investors, potentially providing lower fees or enhanced benefits compared to other share classes such as Member Shares (USSPX), and it targets long-term growth through passive management of approximately 509-512 holdings mirroring S&P 500-like composition. Managed by Victory Capital Management Inc. since the 2019 acquisition and rebranding of USAA Asset Management Company, with portfolio managers including Wasif Latif and Mannik Dhillon since 2019, the fund operates within the asset management industry serving individual and institutional investors seeking broad U.S. large-cap market exposure. In a major strategic shift completed in 2019, Victory Capital acquired USAA Asset Management Company for $850 million, integrating its mutual fund and ETF businesses, which led to the fund's renaming from USAA 500 Index Fund to Victory 500 Index Fund effective around 2023 with no changes to investment objectives, teams, or processes; this expanded Victory Capital's assets under management to over $142 billion pro forma and relocated its headquarters to San Antonio, Texas. More recently, in April 2025, Victory Capital announced and closed a strategic partnership with Amundi, enhancing its global capabilities amid record 2024 financial results, while the fund maintained stable operations with total assets of approximately $7.6-14.5 billion as of mid-2025. The fund, with an inception date of May 1, 2002, remains available through platforms like Victory Capital Services, Inc., with geographic focus on U.S. markets and no noted new product launches or reorganizations in the last 1-2 years beyond ongoing index tracking.