Value Fund
Data updated: 2026-09-29
C000091163 — Value Fund. United States Multi-Cap / All-Cap Value Equity · $1.50B AUM · 1.28% expense ratio. Holdings, fees, performance and SEC filings.
C000091163 Fund Overview
Value Fund is a US mutual fund managed by Victory Portfolios III, categorised as United States Multi-Cap / All-Cap Value Equity. 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: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $1.50B
- SEC CIK: 0000908695
- SEC series ID: S000012920
- Share class ID: C000091163
C000091163 Investment Objective and Strategy
Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios III.
Investment objective
The USAA Value Fund (the Fund) seeks long-term growth of capital.
Principal investment strategy
The Fund invests its assets primarily in equity securities of companies that are considered to be undervalued. Although the Fund will invest primarily in U.S. securities, it may invest up to 20% of its total assets in foreign securities including securities issued in emerging markets.
C000091163 Holdings
Top 10 holdings of Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com, Inc. | 4.51% |
| Apple Inc. | 3.85% |
| Microsoft Corporation | 3.44% |
| JPMorgan Chase & Co. | 2.65% |
| Johnson & Johnson | 1.49% |
| Citigroup Inc. | 1.37% |
| The Cigna Group | 1.35% |
| Teva Pharmaceutical Industries Limited... | 1.33% |
| Valero Energy Corporation | 1.32% |
| Exxonmobil Holdings Corporation | 1.26% |
C000091163 Portfolio Allocation
Asset-class allocation of Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.0% |
| Other | 3.4% |
C000091163 Costs and Fees
C000091163 costs about $128 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.28%
- Gross expense ratio: 1.32%
- Portfolio turnover: 52%
- Brokerage commissions: 4.01 bps of average net assets (SEC N-CEN)
C000091163 Cashflows
Over the 12 months to 2026-04, Value Fund had net inflows of $24.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$5.87M |
| 2026-03 | −$8.56M |
| 2026-02 | −$12.46M |
| 2026-01 | −$10.03M |
| 2025-12 | $115.25M |
| 2025-11 | −$9.22M |
C000091163 Debt Constituents
No individual debt constituents are reported in Value Fund's latest SEC N-PORT filing.
C000091163 Prospectus and SEC Filings
Official Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-08-27
- Prospectus (485BPOS) — filed 2025-08-27
- Prospectus (485BPOS) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-07-10
- Annual census (N-CEN) — filed 2025-07-11
Related Funds
Other United States Multi-Cap / All-Cap Value Equity 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.