Victory Sophus Emerging Markets VIP Series
Data updated: 2025-05-29
C000168423 — Victory Sophus Emerging Markets VIP Series. Emerging Markets Blend / Core Equity · $23.70M AUM. Holdings, fees, performance and SEC filings.
C000168423 Fund Overview
Victory Sophus Emerging Markets VIP Series is a US mutual fund managed by Victory Variable Insurance Funds, categorised as Emerging Markets Blend / Core 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: Emerging Markets Blend / Core Equity
- Assets under management: $23.70M
- 1-year return: 5.7%
- SEC CIK: 0001068663
- SEC series ID: S000053587
- Share class ID: C000168423
C000168423 Investment Objective and Strategy
Victory Sophus Emerging Markets 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 Sophus Emerging Markets VIP Series (""Fund"") seeks to provide long-term capital appreciation."
Principal investment strategy
The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of its assets in securities of emerging market companies, which may include common stocks, preferred stocks, or other securities convertible into common stock. The Fund generally defines an emerging market country as one (1) that is included in the MSCI emerging market indices or the MSCI frontier market indices, (2) whose economy or markets are classified by the International Finance Corporation and the World Bank to be emerging or developing, as well as any country classified by the United Nations as developing, or (3) that has economies, industries, and stock markets with similar characteristics. The Fund defines an emerging market company as a company (1) that is organized under the laws of, or has its principal office in, an emerging market country, (2) that derives 50% or more of its revenue from goods produced, services performed, or sales made in emerging market countries, or (3) for which the principal securities market is located in an emerging market country.
The Adviser employs both fundamental analysis and quantitative screening in seeking to identify companies that it believes can sustain above-average earnings growth relative to their peers. Valuation is an integral part of the process. Fundamental, bottom-up research focuses on companies that rank highly within the Adviser's quantitative screen, with particular emphasis placed on a company's earnings growth, business strategy, value creation, competitive position, management quality, market position, and political and economic backdrop. The Adviser monitors market and sovereign risk as part of the overall investment process. 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.
The Fund may also invest in foreign issuers through American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), Global Depositary Receipts (GDRs), or similar investment vehicles. The Fund may invest in companies of any size. As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.
C000168423 Holdings
Top 10 holdings of Victory Sophus Emerging Markets VIP Series by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 9.18% |
| Tencent Holdings Limited | 5.67% |
| Alibaba Group Holding Limited | 3.96% |
| Icici Bank Limited | 2.94% |
| Samsung Electronics Co., Ltd. | 2.80% |
| Infosys Limited | 2.16% |
| Sun Pharmaceutical Industries Limited | 1.73% |
| PT Bank Rakyat Indonesia (Persero) Tbk | 1.73% |
| Alinma Bank Sjsc | 1.69% |
| Meituan | 1.63% |
C000168423 Portfolio Allocation
Asset-class allocation of Victory Sophus Emerging Markets VIP Series by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 87.0% |
| Other | 11.9% |
| Cash & Equivalents | 0.5% |
C000168423 Performance
Total returns for C000168423 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.7% |
| 3 years (annualised) | 0.7% |
| 5 years (annualised) | 7.5% |
C000168423 Risk Information
Risk metrics for C000168423, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
C000168423 Costs and Fees
C000168423 costs about $135 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.35%
- Gross expense ratio: 1.80%
- Portfolio turnover: 83%
- Brokerage commissions: 21.34 bps of average net assets (SEC N-CEN)
C000168423 Cashflows
Over the 12 months to 2025-03, Victory Sophus Emerging Markets VIP Series had net outflows of $2.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | −$258.69K |
| 2025-02 | −$487.80K |
| 2025-01 | −$576.33K |
| 2024-12 | $573.83K |
| 2024-11 | −$347.58K |
| 2024-10 | $119.49K |
C000168423 Debt Constituents
No individual debt constituents are reported in Victory Sophus Emerging Markets VIP Series's latest SEC N-PORT filing.
C000168423 Prospectus and SEC Filings
Official Victory Sophus Emerging Markets 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 2025-05-29
- Portfolio holdings (N-PORT) — filed 2025-02-27
- Portfolio holdings (N-PORT) — filed 2024-11-26
- Annual census (N-CEN) — filed 2025-03-13
- Annual census (N-CEN) — filed 2024-03-15
Related Funds
Other Emerging Markets Blend / Core 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.