Victory RS Small Cap Growth Equity VIP Series
Data updated: 2025-08-28
C000168421 — Victory RS Small Cap Growth Equity VIP Series. United States Small Cap Growth Equity · $53.74M AUM. Holdings, fees, performance and SEC filings.
C000168421 Fund Overview
Victory RS Small Cap Growth Equity VIP Series is a US mutual fund managed by Victory Variable Insurance Funds, categorised as United States Small Cap Growth 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 Variable Insurance Funds
- Category: United States Small Cap Growth Equity
- Assets under management: $53.74M
- 1-year return: -0.4%
- SEC CIK: 0001068663
- SEC series ID: S000053585
- Share class ID: C000168421
C000168421 Investment Objective and Strategy
Victory RS Small Cap Growth Equity VIP Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Variable Insurance Funds.
Investment objective
"The Victory RS Small Cap Growth Equity VIP Series (""Fund"") seeks to provide long-term capital growth."
Principal investment strategy
"The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities of small-capitalization companies, which may include common stocks, preferred stocks, or other securities convertible into common stock. The Fund typically invests in equity securities of U.S. companies but may also invest any portion of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The Adviser currently considers a company to be a small-capitalization company if its market capitalization (at the time of purchase) is less than $3 billion or 120% of the market capitalization of the largest company included in the Russell 2000 Index (""Index"") (currently, approximately $20.1 billion, based on the size of the largest company in the Index on March 31, 2018), whichever is greater.
The size of companies in the Index changes with market conditions and the composition of the Index. The Adviser employs both fundamental analysis and quantitative screening in seeking to identify companies that the Adviser believes will produce sustainable earnings growth over a multi-year horizon. Investment candidates typically exhibit some or all of the following key criteria: strong organic revenue growth, expanding margins and profitability, innovative products or services, defensible competitive advantages, growing market share, and experienced management teams. The Adviser seeks to categorize each potential investment based on its view of a company's stage of development on a spectrum that identifies companies as promising, developing, or proven. Valuation is an integral part of the growth investment process.
Purchase decisions are based on the Adviser's expectation of the potential reward relative to risk of each security based in part on the Adviser's proprietary earnings calculations. The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance to the Advisers process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive."
C000168421 Holdings
Top 10 holdings of Victory RS Small Cap Growth Equity VIP Series by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fabrinet | 2.86% |
| Applied Industrial Technologies, Inc. | 1.94% |
| Varonis Systems, Inc. | 1.89% |
| Spx Technologies, Inc. | 1.78% |
| Primoris Services Corporation | 1.71% |
| Q2 Holdings, Inc. | 1.68% |
| Macom Technology Solutions Holdings, Inc. | 1.66% |
| Wintrust Financial Corporation | 1.61% |
| Wisdomtree, Inc. | 1.58% |
| Mirion Technologies, Inc. | 1.49% |
C000168421 Portfolio Allocation
Asset-class allocation of Victory RS Small Cap Growth Equity VIP Series by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.5% |
| Cash & Equivalents | 3.1% |
| Other | 1.1% |
C000168421 Performance
Total returns for C000168421 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.4% |
| 3 years (annualised) | 7.6% |
| 5 years (annualised) | -1.0% |
C000168421 Risk Information
Risk metrics for C000168421, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.5%
C000168421 Costs and Fees
C000168421 costs about $88 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.88%
- Gross expense ratio: 0.97%
- Portfolio turnover: 124%
- Brokerage commissions: 16.06 bps of average net assets (SEC N-CEN)
C000168421 Cashflows
Over the 12 months to 2025-06, Victory RS Small Cap Growth Equity VIP Series had net outflows of $17.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | −$8.35M |
| 2025-05 | −$232.79K |
| 2025-04 | $767.74K |
| 2025-03 | −$319.57K |
| 2025-02 | −$815.43K |
| 2025-01 | −$2.12M |
C000168421 Debt Constituents
No individual debt constituents are reported in Victory RS Small Cap Growth Equity VIP Series's latest SEC N-PORT filing.
C000168421 Prospectus and SEC Filings
Official Victory RS Small Cap Growth Equity VIP Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-14
- Prospectus (485BPOS) — filed 2024-04-15
- Prospectus (485BPOS) — filed 2023-04-14
- Portfolio holdings (N-PORT) — filed 2025-08-28
- Portfolio holdings (N-PORT) — filed 2025-05-29
- Portfolio holdings (N-PORT) — filed 2025-02-27
- Annual census (N-CEN) — filed 2025-03-13
- Annual census (N-CEN) — filed 2024-03-15
Related Funds
Other United States Small Cap Growth 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.