# Victory Trivalent International Small-Cap CL A (MISAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/misax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Victory Capital · Asset class: Equity - Strategy: Thematic · Inception: 2007-08-20 The fund primarily aims to achieve its investment goal by allocating capital to the shares of smaller companies located in developed markets beyond the United States, specifically those represented in the S&P® Developed ex-U.S. SmallCap Index. Typically, at least 80% of the fund's total assets will be invested in these small-capitalization equity holdings. ## Key Facts | Metric | Value | |---|---| | Price | $20.74 | | Expense Ratio | 1.35% | | Assets Under Management | $4.43B | | NAV | $20.74 | | Holdings Count | — | | Distribution Yield (TTM) | 3.78% | | Annual Distribution (TTM) | $0.78 /share | | Distribution Frequency | Annual | | 52-Week Range | $19.42 – $22.71 | | Beta | 1.08 | ## Latest Distribution - Amount: $0.7840 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### What does MISAX invest in? The fund primarily aims to achieve its investment goal by allocating capital to the shares of smaller companies located in developed markets beyond the United States, specifically those represented in the S&P® Developed ex-U.S. SmallCap Index. Typically, at least 80% of the fund's total assets will be invested in these small-capitalization equity holdings. ### What is the expense ratio of MISAX? Victory Trivalent International Small-Cap CL A (MISAX) charges an expense ratio of 1.35%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MISAX? Victory Trivalent International Small-Cap CL A (MISAX) manages $4.43B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MISAX actively managed or an index fund? MISAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was MISAX launched? Victory Trivalent International Small-Cap CL A (MISAX) launched in August 2007 and is managed by Victory Capital. ### How has MISAX performed? MISAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MISAX pay a dividend? Victory Trivalent International Small-Cap CL A (MISAX) currently distributes little or no income. Trailing-twelve-month yield is 3.78%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MISAX pay dividends? Victory Trivalent International Small-Cap CL A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MISAX's dividend yield? MISAX's trailing-twelve-month yield is 3.78%, calculated from the sum of dividends over the past year divided by the current price. ### When is MISAX's next ex-dividend date? The most recently announced ex-dividend date for MISAX was 2025-12-12. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MISAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MISAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MISAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MISAX cost more than a fund like VOO? MISAX's strategy (current expense ratio 1.35%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MISAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MISAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MISAX (1.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/misax - Distribution history: https://www.dividenddata.com/funds/misax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/misax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/misax/expenses - Peer comparison: https://www.dividenddata.com/funds/misax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.