Victory Precious Metals and Minerals Fund
Data updated: 2026-07-27
C000091158 — Victory Precious Metals and Minerals Fund. Commodity · $1.15B AUM · 1.34% expense ratio. Holdings, fees, performance and SEC filings.
C000091158 Fund Overview
Victory Precious Metals and Minerals Fund is a US mutual fund managed by Victory Portfolios III, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Victory Portfolios III
- Category: Commodity
- Assets under management: $1.15B
- SEC CIK: 0000908695
- SEC series ID: S000012910
- Share class ID: C000091158
C000091158 Investment Objective and Strategy
Victory Precious Metals and Minerals Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios III.
Investment objective
The Victory Precious Metals and Minerals Fund (the Fund) seeks long-term capital appreciation and to protect the purchasing power of your capital against inflation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of companies principally engaged in the exploration, mining, or processing of precious metals and minerals. The Fund defines principally engaged to mean that a majority of a companys revenue, earnings, or cash flow comes from the exploration, mining, or processing of gold and other precious metals and minerals, or that a majority of a companys asset value as determined by the Fund comes from gold and other precious metals and minerals. This 80% policy may be changed upon at least 60 days prior written notice to shareholders. The Fund may from time to time be invested to a significant extent in companies located in one or a small number of countries in light of the fact that exploration and mining companies tend to be concentrated in certain geographic locations around the world.
In making investment decisions for the Fund, the Adviser uses a systematic, multi-factor process. First, the Adviser ranks all eligible securities based on quality, value, and momentum factors identified by its quantitative process. The Adviser then applies a portfolio optimization process to weigh the Funds holdings according to expected risk adjusted returns, while adhering to both security-level and portfolio-level risk constraints.
C000091158 Holdings
Top 10 holdings of Victory Precious Metals and Minerals Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Agnico Eagle Mines Limited | 11.95% |
| Newmont Corporation | 8.39% |
| Kinross Gold Corporation | 8.09% |
| Anglogold Ashanti PLC | 7.14% |
| Gold Fields Limited | 6.98% |
| Barrick Mining Corporation | 5.98% |
| DPM Metals Inc. | 4.43% |
| Wheaton Precious Metals Corp. | 3.99% |
| Torex Gold Resources Inc. | 3.76% |
| Iamgold Corporation | 3.31% |
C000091158 Portfolio Allocation
Asset-class allocation of Victory Precious Metals and Minerals Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 91.4% |
| Other | 8.1% |
C000091158 Costs and Fees
C000091158 costs about $134 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.34%
- Gross expense ratio: 1.38%
- Portfolio turnover: 15%
- Brokerage commissions: 3.66 bps of average net assets (SEC N-CEN)
C000091158 Cashflows
Over the 12 months to 2026-05, Victory Precious Metals and Minerals Fund had net outflows of $104.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$13.70M |
| 2026-04 | −$11.43M |
| 2026-03 | −$14.23M |
| 2026-02 | −$28.76M |
| 2026-01 | $12.03M |
| 2025-12 | $861.20K |
C000091158 Debt Constituents
No individual debt constituents are reported in Victory Precious Metals and Minerals Fund's latest SEC N-PORT filing.
C000091158 Prospectus and SEC Filings
Official Victory Precious Metals and Minerals Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-26
- Prospectus (485BPOS) — filed 2025-06-26
- Prospectus (485BPOS) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-11
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other Commodity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.