USGNX — Victory Government Securities Fund
Data updated: 2026-07-27
USGNX — Victory Government Securities Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $1.23B AUM · 0.48% expense ratio · 4.8% 1-yr return. From SEC regulatory filings.
USGNX Fund Overview
USGNX — Victory Government Securities Fund is a US mutual fund managed by Victory Portfolios III, categorised as Long Securitized (MBS/ABS/CMBS) Bond. 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 III
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $1.23B
- 1-year return: 4.8%
- Ticker: USGNX
- SEC CIK: 0000908695
- SEC series ID: S000012929
- Share class ID: C000034899
USGNX Holdings
Top 10 holdings of Victory Government Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federal National Mortgage Association | 1.39% |
| United States of America | 1.39% |
| United States of America | 1.34% |
| United States of America | 1.27% |
| United States of America | 1.26% |
| United States of America | 1.17% |
| United States of America | 1.17% |
| United States of America | 1.13% |
| United States of America | 1.13% |
| United States of America | 1.10% |
USGNX Portfolio Allocation
Asset-class allocation of Victory Government Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 65.0% |
| Fixed Income | 33.9% |
| Cash & Equivalents | 1.0% |
USGNX Performance
Total returns for USGNX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.5% |
| 1 year | 4.8% |
| 3 years (annualised) | 3.9% |
| 5 years (annualised) | 0.9% |
USGNX Risk Information
Risk metrics for USGNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
USGNX Costs and Fees
USGNX costs about $48 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.48%
- Gross expense ratio: 0.48%
- Portfolio turnover: 20%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
USGNX Cashflows
Over the 12 months to 2026-02, Victory Government Securities Fund had net inflows of $80.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $15.48M |
| 2026-01 | $11.90M |
| 2025-12 | $20.79M |
| 2025-11 | $30.67M |
| 2025-10 | −$31.63M |
| 2025-09 | $6.38M |
USGNX Debt Constituents
Largest debt holdings of Victory Government Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 1.39% |
| United States of America | 1.34% |
| United States of America | 1.27% |
| United States of America | 1.26% |
| United States of America | 1.17% |
| United States of America | 1.17% |
| United States of America | 1.13% |
| United States of America | 1.13% |
| United States of America | 1.10% |
| United States of America | 1.08% |
USGNX Prospectus and SEC Filings
Official Victory Government Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond 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.