UTMAX Performance — Victory Target Managed Allocation Fund
Data updated: 2026-07-27
UTMAX returned +8.94% year to date and +23.14% over one year to May 2026. Annualised returns are +16.72% over 3 years and +7.34% over 5 years. The fund trailed its Global Large Blend category average: $100 invested three years ago grew to $159, against $163 for the category, and to $123 over one year, against $123. Volatility over the past three years was 11.64% a year. In the 12 months to May 2026 the fund lost a net $315.8M, and assets reached $172.44M.
UTMAX Growth of $100
What $100 invested in Victory Target Managed Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | UTMAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $123 | $123 |
| 3 years (Jun 2023 – May 2026) | $159 | $163 |
| 5 years (Jun 2021 – May 2026) | $142 | $151 |
| Since data start (Jul 2019 – May 2026) | $194 | $204 |
UTMAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.94% |
| 1 year | +23.14% |
| 3 years (annualised) | +16.72% |
| 5 years (annualised) | +7.34% |
UTMAX Annual Returns
Calendar-year total returns of Victory Target Managed Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +8.94% |
| 2025 | +15.25% |
| 2024 | +13.86% |
| 2023 | +14.39% |
| 2022 | −20.43% |
| 2021 | +21.78% |
| 2020 | +13.39% |
| 2019 (Jul–Dec) | +8.15% |
UTMAX 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 | +2.3% | +2.9% | −6.7% | +7.6% | +3.1% | — | — | — | — | — | — | — |
| 2025 | +3.1% | −1.0% | −6.0% | +1.6% | +4.6% | +2.3% | −1.0% | +2.8% | +4.7% | +2.6% | +0.2% | +0.8% |
| 2024 | +0.8% | +4.3% | +3.7% | −3.7% | +3.6% | +1.7% | +0.1% | +1.9% | +0.4% | −1.5% | +4.1% | −2.1% |
| 2023 | +5.3% | −2.9% | +0.9% | +1.5% | −1.8% | +4.4% | +2.3% | −2.2% | −3.4% | −2.3% | +8.4% | +4.0% |
| 2022 | −4.7% | −2.1% | +4.1% | −8.8% | −0.3% | −8.8% | +5.7% | −4.7% | −8.1% | +6.0% | +5.6% | −4.7% |
| 2021 | +0.3% | +2.4% | +2.1% | +3.9% | +2.1% | +1.2% | +0.7% | +1.4% | −5.0% | +8.3% | −1.9% | +5.0% |
| 2020 | −0.1% | −7.3% | −11.1% | +9.0% | +4.0% | +2.2% | +5.9% | +4.3% | −3.1% | −2.2% | +8.5% | +4.9% |
| 2019 | — | — | — | — | — | — | +0.9% | +1.0% | +0.7% | +1.4% | +2.0% | +2.0% |
UTMAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.64%
- 3-year Sharpe ratio: 1.05 (vs 4.5% risk-free rate)
- Best month: +8.40% (Nov 2023)
- Worst month: −6.69% (Mar 2026)
UTMAX Fund Flows
Monthly money in and out of Victory Target Managed Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$315.8M
- 12-month gross sales (incl. reinvestments): $19.7M
- Sales ÷ redemptions: 0.06×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $43.1M | −$43.1M |
| Apr 2026 | $0 | $17.1M | −$17.1M |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $29.0M | −$29.0M |
| Jan 2026 | $0 | $40.1M | −$40.1M |
| Dec 2025 | $19.7M | $33.5M | −$13.8M |
| Nov 2025 | $0 | $24.5M | −$24.5M |
| Oct 2025 | $0 | $58.3M | −$58.3M |
| Sep 2025 | $0 | $17.5M | −$17.5M |
| Aug 2025 | $0 | $32.6M | −$32.6M |
| Jul 2025 | $0 | $37.7M | −$37.7M |
| Jun 2025 | $0 | $2.0M | −$2.0M |
UTMAX Assets Under Management
Net assets of Victory Target Managed Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $172.44M |
| 2026-02-28 | $225.91M |
| 2025-11-30 | $313.12M |
| 2025-08-31 | $387.39M |
| 2025-05-31 | $442.20M |
| 2025-02-28 | $479.05M |
| 2024-11-30 | $507.87M |
| 2024-08-31 | $499.55M |
| 2024-05-31 | $486.24M |
| 2024-02-29 | $493.07M |
| 2023-11-30 | $464.34M |
| 2023-08-31 | $459.17M |
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.