USCAX Performance — Victory Small Cap Stock Fund, Shares
Data updated: 2026-09-29
USCAX returned +24.08% year to date and +36.67% over one year to Jul 2026. Annualised returns are +13.45% over 3 years and +6.57% over 5 years. Against its US Small Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $146, against $146 for the category, and to $137 over one year, against $129. Volatility over the past three years was 19.38% a year. In the 12 months to Jul 2026 the fund lost a net $46.7M, and assets reached $959.54M.
USCAX Growth of $100
What $100 invested in Victory Small Cap Stock Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | USCAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $137 | $129 |
| 3 years (Aug 2023 – Jul 2026) | $146 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $137 | $141 |
| Since data start (Aug 2019 – Jul 2026) | $209 | $204 |
USCAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +24.08% |
| 1 year | +36.67% |
| 3 years (annualised) | +13.45% |
| 5 years (annualised) | +6.57% |
USCAX Annual Returns
Calendar-year total returns of Victory Small Cap Stock Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +24.08% |
| 2025 | +9.24% |
| 2024 | +5.42% |
| 2023 | +17.36% |
| 2022 | −19.97% |
| 2021 | +18.10% |
| 2020 | +22.26% |
| 2019 (Aug–Dec) | +7.71% |
USCAX 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 | +4.1% | +2.1% | −5.0% | +11.3% | +4.0% | +8.3% | −2.0% | — | — | — | — | — |
| 2025 | +2.6% | −5.7% | −6.4% | −3.0% | +5.6% | +4.8% | +1.9% | +6.8% | +0.6% | −0.4% | +2.4% | +0.6% |
| 2024 | −3.4% | +5.2% | +3.5% | −7.2% | +4.0% | −1.6% | +9.2% | −1.0% | +0.1% | −3.0% | +9.9% | −8.6% |
| 2023 | +10.3% | −1.2% | −4.8% | −1.5% | −1.4% | +8.2% | +5.2% | −4.1% | −5.5% | −6.9% | +8.9% | +11.1% |
| 2022 | −9.2% | +1.5% | +0.3% | −9.8% | +0.1% | −8.6% | +10.5% | −2.7% | −9.5% | +10.9% | +3.6% | −6.1% |
| 2021 | +3.9% | +8.7% | +0.9% | +3.1% | −0.7% | +1.2% | −2.2% | +2.5% | −2.9% | +4.9% | −5.0% | +3.2% |
| 2020 | −2.6% | −8.1% | −23.0% | +14.2% | +7.0% | +3.9% | +3.6% | +4.4% | −3.1% | +2.5% | +18.5% | +9.7% |
| 2019 | — | — | — | — | — | — | — | −4.5% | +1.8% | +2.5% | +5.0% | +2.9% |
USCAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 19.38%
- 3-year Sharpe ratio: 0.46 (vs 4.5% risk-free rate)
- Best month: +11.34% (Apr 2026)
- Worst month: −8.58% (Dec 2024)
USCAX Fund Flows
Monthly money in and out of Victory Small Cap Stock Fund, from SEC Form N-PORT.
- 12-month net flow: −$46.7M
- 12-month gross sales (incl. reinvestments): $93.6M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.8M | $27.6M | −$21.8M |
| Jun 2026 | $2.9M | $11.5M | −$8.6M |
| May 2026 | $1.6M | $8.0M | −$6.4M |
| Apr 2026 | $2.1M | $9.5M | −$7.4M |
| Mar 2026 | $3.3M | $8.2M | −$4.8M |
| Feb 2026 | $3.1M | $8.3M | −$5.2M |
| Jan 2026 | $2.2M | $10.7M | −$8.5M |
| Dec 2025 | $60.5M | $14.3M | $46.2M |
| Nov 2025 | $2.7M | $7.1M | −$4.4M |
| Oct 2025 | $3.7M | $10.0M | −$6.3M |
| Sep 2025 | $3.6M | $16.3M | −$12.7M |
| Aug 2025 | $2.0M | $8.8M | −$6.8M |
USCAX Assets Under Management
Net assets of Victory Small Cap Stock Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $959.54M |
| 2026-04-30 | $902.85M |
| 2026-01-31 | $853.35M |
| 2025-10-31 | $820.22M |
| 2025-07-31 | $790.45M |
| 2025-04-30 | $719.01M |
| 2025-01-31 | $856.54M |
| 2024-10-31 | $873.05M |
| 2024-07-31 | $931.59M |
| 2024-04-30 | $854.41M |
| 2024-01-31 | $864.16M |
| 2023-10-31 | $842.17M |
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.