Fund Evaluator:
Victory Pioneer Disciplined Growth Y (INYDX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Victory Pioneer Disciplined Growth Y Overview
Victory Pioneer Disciplined Growth Y (INYDX) is an actively managed U.S. Equity Large Growth fund. Victory Capital Management Inc. launched the fund in 2008.
The investment seeks long-term capital growth. The fund invests primarily in equity securities of U.S. issuers. Equity securities include common stocks and other equity instruments, such as funds that invest primarily in equity securities, depositary receipts, warrants, rights, equity interests in real estate investment trusts (REITs) and preferred stocks. It may invest in issuers of any market capitalization. The fund may invest in securities in any industry or market sector. It may invest in fewer than 40 securities. The fund may invest in initial public offerings of equity securities.
About Victory Pioneer Disciplined Growth Y (INYDX)
There are 2 members of the management team with an average tenure of 6.18 years: Craig Sterling (2015), Matthew Gormley (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Victory Pioneer Disciplined Growth Y has 49 securities in its portfolio. The top 10 holdings constitute 46.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Victory Pioneer Disciplined Growth Y is part of the Equity global asset class and is within the U.S. Equity fund group. Victory Pioneer Disciplined Growth Y has 3.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.1%. There is 3.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Victory Pioneer Disciplined Growth Y has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $96 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
INYDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Victory Pioneer Disciplined Growth Y expense ratio is high compared to funds in the Large Growth category. Victory Pioneer Disciplined Growth Y has an expense ratio of 0.83%, which is 14% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Victory Pioneer Disciplined Growth Y has a portfolio turnover rate of 65%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, Victory Pioneer Disciplined Growth Y returned -0.6%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Victory Pioneer Disciplined Growth Y has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Victory Pioneer Disciplined Growth Y Grades
Year to date, the fund has returned 8.6%, 4.9 percentage points better than the category, which translates into a grade of A. The fund has returned 15.7% over the past year (grade of A), 18.0% over the past three years (grade of C) and 11.5% per year over the past five years (grade of A) and 16.0% per year over the past 10 years (grade of B).
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INYDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| INYDX Return (NAV) | -0.6% | 2.6% | 15.7% | 18.0% | 11.5% | 16.0% |
| INYDX Grade | A | B | A | C | A | B |
| +/- Category | 2.4% | 0.9% | 6.6% | -0.1% | 2.8% | 0.6% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| INYDX Tax Cost Ratio | na | na | 1.1% | 0.9% | 2.4% | 2.9% |
INYDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| INYDX Return (NAV) | 8.6% | 21.4% | 19.4% | 28.8% | -21.3% | 25.2% | 34.7% | 35.8% | -5.5% | 26.5% | 4.1% |
| INYDX Grade | A | A | F | F | A | B | C | B | F | D | B |
| +/- Category | 4.9% | 5.7% | -10.3% | -10.0% | 10.8% | 4.9% | -7.6% | 2.6% | -4.8% | -3.3% | 1.3% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 16.8% |
| Total Risk Index: | 1.37 - High |
| Category Risk Index: | 0.95 - Average |
| Category Risk Grade: | C (42% Rank) |
| Beta: | 1.22 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $2269 Mil |
| Fund Total Assets: | $ 97 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 65% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 6.2 years | |||
| Managers (Year): Sterling Craig (2015), Gormley Matthew (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 49 |
| % in Top 10 Holdings: | 46.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.9% |
Portfolio Allocation |
|
| Domestic Stock: | 96.1% |
| Foreign Stock: | 3.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 800-539-3863 |
| Website: | www.pioneerinvestments.com |
| Status: | Open |
| Inception Date: | July 30, 2008 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.83% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Victory Pioneer Disciplined Growth A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
