UTMAX — Victory Target Managed Allocation Fund
Data updated: 2026-07-27
UTMAX — Victory Target Managed Allocation Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Global (incl. US) Large Cap Blend / Core Equity · $172.44M AUM · 0.68% expense ratio · 23.1% 1-yr return. From SEC regulatory filings.
UTMAX Fund Overview
UTMAX — Victory Target Managed Allocation Fund is a US mutual fund managed by Victory Portfolios III, categorised as Global (incl. US) Large Cap 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 III
- Category: Global (incl. US) Large Cap Blend / Core Equity
- Assets under management: $172.44M
- 1-year return: 23.1%
- Ticker: UTMAX
- SEC CIK: 0000908695
- SEC series ID: S000050251
- Share class ID: C000158651
UTMAX Holdings
Top 10 holdings of Victory Target Managed Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Core MSCI Emerging Markets ETF | 4.33% |
| NVIDIA Corporation | 2.78% |
| VanEck Gold Miners ETF | 2.57% |
| Apple Inc. | 2.46% |
| Microsoft Corporation | 1.71% |
| Amazon.com, Inc. | 1.70% |
| Alphabet Inc. | 1.42% |
| Royal Bank Of Canada | 1.08% |
| Broadcom Inc. | 1.08% |
| Alphabet Inc. | 1.02% |
UTMAX Portfolio Allocation
Asset-class allocation of Victory Target Managed Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 85.1% |
| Other | 8.0% |
| Derivatives | 1.0% |
UTMAX Performance
Total returns for UTMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.9% |
| 1 year | 23.1% |
| 3 years (annualised) | 16.7% |
| 5 years (annualised) | 7.3% |
UTMAX Risk Information
Risk metrics for UTMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.9%
UTMAX Costs and Fees
UTMAX costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.70%
- Portfolio turnover: 147%
- Brokerage commissions: 23.48 bps of average net assets (SEC N-CEN)
UTMAX Cashflows
Over the 12 months to 2026-02, Victory Target Managed Allocation Fund had net outflows of $291.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$29.02M |
| 2026-01 | −$40.12M |
| 2025-12 | −$13.83M |
| 2025-11 | −$24.45M |
| 2025-10 | −$58.29M |
| 2025-09 | −$17.52M |
UTMAX Debt Constituents
No individual debt constituents are reported in Victory Target Managed Allocation Fund's latest SEC N-PORT filing.
UTMAX Prospectus and SEC Filings
Official Victory Target Managed Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Global (incl. US) Large Cap 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.