MICCX — Victory Trivalent International Fund - Core Equity
Data updated: 2026-09-11
MICCX — Victory Trivalent International Fund - Core Equity. Developed ex-US Large Cap Value Equity. Holdings, fees, performance and SEC filings.
MICCX Fund Overview
MICCX — Victory Trivalent International Fund - Core Equity is a US mutual fund managed by Victory Portfolios, categorised as Developed ex-US Large 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
- Category: Developed ex-US Large Cap Value Equity
- Assets under management: $336.07M
- 1-year return: -16.2%
- Ticker: MICCX
- SEC CIK: 0000802716
- SEC series ID: S000046399
- Share class ID: C000144996
MICCX Investment Objective and Strategy
Victory Trivalent International Fund - Core Equity 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 growth of capital.
Principal investment strategy
"The Adviser pursues the Fund's investment objective by investing primarily in securities of companies in countries represented in the MSCI ACWI ex USA Index, but may also invest in companies from other countries. Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities and rights and warrants). The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI ACWI ex USA Index (""Index""), tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.
The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which may focus its exposure in one or more countries, regions or sectors. The Index captures large and mid-cap representation across 22 of 23 developed markets countries (excluding the US) and 24 emerging markets countries. The Index covers approximately 85% of the global equity opportunity set outside the US. The Fund normally invests in a minimum of ten countries. There is no limit on the market capitalization in which the Fund may invest; therefore, the Fund's investments may include small-, mid- and large-capitalization companies. The Adviser regularly reviews the Funds investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Advisers process, the securitys valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive."
MICCX Holdings
Top 10 holdings of Victory Trivalent International Fund - Core Equity by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 4.44% |
| SK hynix Inc. | 3.47% |
| ASML Holding N.V. | 2.69% |
| Samsung Electronics Co., Ltd. | 2.42% |
| Novartis AG | 1.52% |
| Banco Santander, S.A. | 1.41% |
| Standard Chartered PLC | 1.26% |
| Astrazeneca PLC | 1.25% |
| Kioxia Holdings Corporation | 1.19% |
| ABB Ltd | 1.17% |
MICCX Portfolio Allocation
Asset-class allocation of Victory Trivalent International Fund - Core Equity by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.8% |
| Other | 3.1% |
| Cash & Equivalents | 0.5% |
MICCX Performance
Total returns for MICCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -16.2% |
| 3 years (annualised) | -1.4% |
MICCX Risk Information
Risk metrics for MICCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.0%
MICCX Costs and Fees
MICCX costs about $170 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.70%
- Gross expense ratio: 20.36%
- Portfolio turnover: 44%
- Brokerage commissions: 8.82 bps of average net assets (SEC N-CEN)
MICCX Cashflows
Over the 12 months to 2026-06, Victory Trivalent International Fund - Core Equity had net inflows of $43.16M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $593.94K |
| 2026-05 | $5.73M |
| 2026-04 | −$45.23K |
| 2026-03 | $58.76K |
| 2026-02 | $23.16M |
| 2026-01 | $330.08K |
MICCX Debt Constituents
No individual debt constituents are reported in Victory Trivalent International Fund - Core Equity's latest SEC N-PORT filing.
MICCX Prospectus and SEC Filings
Official Victory Trivalent International Fund - Core Equity filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-24
- Prospectus (485BPOS) — filed 2024-10-24
- Prospectus (485BPOS) — filed 2023-10-25
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-11
Related Funds
Other Developed ex-US Large 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.