GBEMX — Victory Sophus Emerging Markets Fund
Data updated: 2025-05-29
GBEMX — Victory Sophus Emerging Markets Fund. Emerging Markets Blend / Core Equity · $308.56M AUM. Holdings, fees, performance and SEC filings.
GBEMX Fund Overview
GBEMX — Victory Sophus Emerging Markets Fund is a US mutual fund managed by Victory Portfolios, 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 Portfolios
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $308.56M
- 1-year return: 5.6%
- Ticker: GBEMX
- SEC CIK: 0000802716
- SEC series ID: S000053566
- Share class ID: C000168352
GBEMX Investment Objective and Strategy
Victory Sophus Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios.
Investment objective
The Fund seeks to provide long-term capital appreciation.
Principal investment strategy
The Fund invests, 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 or frontier market indices, (2) whose economy or markets are classified by the International Finance Corporation and the World Bank to be emerging or developing, or by the United Nations as developing, or (3) that has economies, industries, and stock markets with similar characteristics to these countries. 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 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 Adviser's 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%.
GBEMX Holdings
Top 10 holdings of Victory Sophus Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 9.21% |
| Tencent Holdings Limited | 5.65% |
| Alibaba Group Holding Limited | 3.89% |
| Icici Bank Limited | 2.93% |
| Samsung Electronics Co., Ltd. | 2.79% |
| Infosys Limited | 2.15% |
| PT Bank Rakyat Indonesia (Persero) Tbk | 1.73% |
| Sun Pharmaceutical Industries Limited | 1.73% |
| Alinma Bank Sjsc | 1.69% |
| Meituan | 1.63% |
GBEMX Portfolio Allocation
Asset-class allocation of Victory Sophus Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 86.9% |
| Other | 11.8% |
| Cash & Equivalents | 0.4% |
GBEMX Performance
Total returns for GBEMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.6% |
| 3 years (annualised) | 0.6% |
| 5 years (annualised) | 7.5% |
GBEMX Risk Information
Risk metrics for GBEMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.6%
GBEMX Costs and Fees
GBEMX costs about $134 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.34%
- Gross expense ratio: 1.68%
- Portfolio turnover: 96%
- Brokerage commissions: 23.34 bps of average net assets (SEC N-CEN)
GBEMX Cashflows
Over the 12 months to 2025-03, Victory Sophus Emerging Markets Fund had net outflows of $117.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | −$1.65M |
| 2025-02 | −$41.52M |
| 2025-01 | −$9.49M |
| 2024-12 | $2.40M |
| 2024-11 | −$1.43M |
| 2024-10 | $1.17M |
GBEMX Debt Constituents
No individual debt constituents are reported in Victory Sophus Emerging Markets Fund's latest SEC N-PORT filing.
GBEMX Prospectus and SEC Filings
Official Victory Sophus Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-27
- 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.