Fund Evaluator:

Victory RS Mid Cap Growth Member Overview

Victory RS Mid Cap Growth Member (RMOMX) is an actively managed U.S. Equity Mid-Cap Growth fund. Victory Capital Management Inc. launched the fund in 2020.

The investment seeks to provide long-term capital growth. The fund normally invests at least 80% of its assets in securities of companies considered by the adviser to be (at the time of purchase) mid-capitalization companies. The fund principally invests in equity securities, which typically include U.S. companies but will also invest any portion of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).

About Victory RS Mid Cap Growth Member (RMOMX)

There are 4 members of the management team with an average tenure of 15.57 years: Melissa Chadwick-Dunn (2008), D. Scott Tracy (2008), Paul Leung (2018), Stephen Bishop (2008). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and Russell Mid Cap Growth TR USD index with a weighting of 100%. Victory RS Mid Cap Growth Member has 78 securities in its portfolio. The top 10 holdings constitute 27.9% 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 RS Mid Cap Growth Member is part of the Equity global asset class and is within the U.S. Equity fund group. Victory RS Mid Cap Growth Member has 2.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.9%. There is 2.1% 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 RS Mid Cap Growth Member has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $658 million average for the Mid-Cap 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.

RMOMX 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 RS Mid Cap Growth Member expense ratio is high compared to funds in the Mid-Cap Growth category. Victory RS Mid Cap Growth Member has an expense ratio of 1.05%, which is 4% 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 RS Mid Cap Growth Member has a portfolio turnover rate of 88%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Growth category.

Recently, in the month of July 2026, Victory RS Mid Cap Growth Member returned -6.9%, which earned it a grade of D, as the Mid-Cap Growth category had an average return of -5.5%. 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 RS Mid Cap Growth Member has a trailing yield of 0.00%, which is below the 0.03% 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 RS Mid Cap Growth Member Grades

Year to date, the fund has returned 5.9%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 3.9% over the past year (grade of C), 12.3% over the past three years (grade of B) and 0.7% per year over the past five years (grade of D) and 8.2% per year over the past 10 years (grade of F).

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