Fund Evaluator:
Victory Science & Technology (USSCX)
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Best Performing in Technology Over the Last Year
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Fund Details
Victory Science & Technology Overview
Victory Science & Technology (USSCX) is an actively managed Sector Equity Technology fund. Victory Capital Management Inc. launched the fund in 1997.
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its assets in equity securities of companies expected to benefit from the development and use of scientific and technological advances and improvements. It may invest up to 50% of its assets in foreign securities, including securities issued in emerging markets.
About Victory Science & Technology (USSCX)
There are 7 members of the management team with an average tenure of 5.62 years: Paul Leung (2019), Mannik Dhillon (2019), Brian Barbetta (2017), Tom DeLong (2023), Jeremy Hartman (2024), Bruce Glazer (2020), Stephen Bishop (2019). 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 S&P North American Technology TR index with a weighting of 100%. Victory Science & Technology has 191 securities in its portfolio. The top 10 holdings constitute 42.6% 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 Science & Technology is part of the Equity global asset class and is within the Sector Equity fund group. Victory Science & Technology has 3.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.9%. There is 3.6% 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 Science & Technology has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Technology 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.
USSCX 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 Science & Technology expense ratio is high compared to funds in the Technology category. Victory Science & Technology has an expense ratio of 0.96%, which is 22% 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 Science & Technology has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Victory Science & Technology returned 1.8%, which earned it a grade of C, as the Technology category had an average return of 1.9%. 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 Science & Technology has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income annually and its capital gains 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 Science & Technology Grades
Year to date, the fund has returned 22.9%, 10.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 37.8% over the past year (grade of D), 27.0% over the past three years (grade of D) and 6.5% per year over the past five years (grade of F) and 15.9% per year over the past 10 years (grade of F).
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USSCX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| USSCX Return (NAV) | 1.8% | 37.1% | 37.8% | 27.0% | 6.5% | 15.9% |
| USSCX Grade | C | D | D | D | F | F |
| +/- Category | -0.1% | -3.6% | -16.0% | -5.9% | -8.4% | -6.9% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| USSCX Tax Cost Ratio | na | na | 2.0% | 0.7% | 1.1% | 2.0% |
USSCX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| USSCX Return (NAV) | 22.9% | 18.2% | 30.6% | 34.0% | -41.8% | -3.0% | 60.6% | 37.8% | -4.3% | 36.0% | 2.6% |
| USSCX Grade | D | D | C | F | D | F | B | D | C | C | F |
| +/- Category | -10.7% | -6.5% | 2.2% | -15.6% | -3.6% | -20.2% | 3.7% | -3.5% | -0.4% | -1.4% | -8.2% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 22.5% |
| Total Risk Index: | 1.85 - High |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (38% Rank) |
| Beta: | 1.55 |
| R-Squared: | 77% |
| 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: | Annually |
| Total Assets: | $1611 Mil |
| Fund Total Assets: | $1,550 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 31% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 8.6 years | |||
| Average Tenure: 5.6 years | |||
| Managers (Year): Barbetta Brian (2017), Leung Paul (2019), Dhillon Mannik (2019), Bishop Stephen (2019), Glazer Bruce (2020), DeLong Tom (2023), Hartman Jeremy (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 191 |
| % in Top 10 Holdings: | 42.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.6% |
Portfolio Allocation |
|
| Domestic Stock: | 95.9% |
| Foreign Stock: | 3.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 800-235-8396 |
| Website: | www.usaa.com |
| Status: | Open |
| Inception Date: | August 1, 1997 |
| Min. Initial Purchase: | $3,000 |
| 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 (%): | 0.96% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Victory Science & Technology |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
