USAGX Performance — Victory Precious Metals and Minerals Fund, Shares
Data updated: 2026-07-27
USAGX returned +2.78% year to date and +72.21% over one year to May 2026. Annualised returns are +42.81% over 3 years and +18.02% over 5 years. The fund beat its Commodities category average: $100 invested three years ago grew to $291, against $184 for the category, and to $172 over one year, against $147. Volatility over the past three years was 34.17% a year. In the 12 months to May 2026 the fund lost a net $104.8M, and assets reached $1.15B.
USAGX Growth of $100
What $100 invested in Victory Precious Metals and Minerals Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | USAGX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $172 | $147 |
| 3 years (Jun 2023 – May 2026) | $291 | $184 |
| 5 years (Jun 2021 – May 2026) | $229 | $183 |
| Since data start (Sep 2019 – May 2026) | $314 | $228 |
USAGX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.78% |
| 1 year | +72.21% |
| 3 years (annualised) | +42.81% |
| 5 years (annualised) | +18.02% |
USAGX Annual Returns
Calendar-year total returns of Victory Precious Metals and Minerals Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.78% |
| 2025 | +156.06% |
| 2024 | +10.77% |
| 2023 | +6.70% |
| 2022 | −11.82% |
| 2021 | −10.14% |
| 2020 | +25.85% |
| 2019 (Sep–Dec) | +1.10% |
USAGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.2% | +22.4% | −20.5% | −3.8% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +14.9% | +2.8% | +16.8% | +7.7% | +2.9% | +2.5% | −2.8% | +22.1% | +20.5% | −4.7% | +15.2% | +4.1% |
| 2024 | −9.0% | −6.3% | +19.4% | +4.0% | +5.1% | −2.7% | +10.4% | +3.9% | +2.5% | +2.0% | −6.5% | −8.8% |
| 2023 | +11.5% | −14.1% | +16.6% | +3.8% | −7.9% | −3.0% | +3.5% | −6.3% | −8.0% | +4.4% | +10.2% | +0.3% |
| 2022 | −6.2% | +11.7% | +10.0% | −7.5% | −8.9% | −14.1% | −5.4% | −8.8% | +0.5% | +0.1% | +19.4% | +1.9% |
| 2021 | −5.2% | −9.1% | +3.7% | +6.1% | +13.5% | −13.6% | +3.1% | −6.5% | −9.4% | +8.3% | +0.5% | +1.7% |
| 2020 | −0.7% | −8.9% | −12.9% | +39.7% | +5.4% | +7.6% | +17.3% | −1.8% | −6.9% | −5.0% | −6.1% | +5.4% |
| 2019 | — | — | — | — | — | — | — | — | −9.6% | +5.8% | −3.6% | +9.7% |
USAGX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 34.17%
- 3-year Sharpe ratio: 1.12 (vs 4.5% risk-free rate)
- Best month: +22.42% (Feb 2026)
- Worst month: −20.48% (Mar 2026)
USAGX Fund Flows
Monthly money in and out of Victory Precious Metals and Minerals Fund, from SEC Form N-PORT.
- 12-month net flow: −$104.8M
- 12-month gross sales (incl. reinvestments): $210.1M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.5M | $21.2M | −$13.7M |
| Apr 2026 | $15.6M | $27.0M | −$11.4M |
| Mar 2026 | $17.8M | $32.1M | −$14.2M |
| Feb 2026 | $21.2M | $49.9M | −$28.8M |
| Jan 2026 | $43.5M | $31.4M | $12.0M |
| Dec 2025 | $20.8M | $19.9M | $861K |
| Nov 2025 | $9.3M | $17.6M | −$8.3M |
| Oct 2025 | $23.9M | $43.3M | −$19.4M |
| Sep 2025 | $23.5M | $22.3M | $1.3M |
| Aug 2025 | $9.1M | $12.4M | −$3.3M |
| Jul 2025 | $9.1M | $19.6M | −$10.4M |
| Jun 2025 | $8.8M | $18.2M | −$9.4M |
USAGX Assets Under Management
Net assets of Victory Precious Metals and Minerals Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.15B |
| 2026-02-28 | $1.55B |
| 2025-11-30 | $1.13B |
| 2025-08-31 | $875.40M |
| 2025-05-31 | $742.15M |
| 2025-02-28 | $573.52M |
| 2024-11-30 | $542.49M |
| 2024-08-31 | $568.72M |
| 2024-05-31 | $528.57M |
| 2024-02-29 | $418.71M |
| 2023-11-30 | $504.46M |
| 2023-08-31 | $486.69M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.