# Victory Growth Fund (USAAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/usaax 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: Actively Managed · Inception: 1980-01-02 The Victory Growth Fund's primary objective is to achieve significant capital appreciation for investors over the long term. It principally allocates its assets to a diverse collection of common stocks, specifically chosen for their promising growth prospects. While the fund is predominantly focused on investments in U.S. companies, it retains the flexibility to commit up to 20% of its total capital to international equities, including those originating from developing or emerging markets. ## Key Facts | Metric | Value | |---|---| | Price | $41.92 | | Expense Ratio | 0.89% | | AUM (All Share Classes) | $2.49B | | NAV | $41.92 | | Holdings Count | — | | Distribution Yield (TTM) | 10.30% | | Annual Distribution (TTM) | $4.32 /share | | Distribution Frequency | Annual | | 52-Week Range | $34.96 – $46.54 | | Beta | 1.24 | ## Latest Distribution - Amount: $4.3174 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### What does USAAX invest in? The Victory Growth Fund's primary objective is to achieve significant capital appreciation for investors over the long term. It principally allocates its assets to a diverse collection of common stocks, specifically chosen for their promising growth prospects. While the fund is predominantly focused on investments in U.S. companies, it retains the flexibility to commit up to 20% of its total capital to international equities, including those originating from developing or emerging markets. ### What is the expense ratio of USAAX? Victory Growth Fund (USAAX) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is USAAX? Victory Growth Fund (USAAX) is one share class of a fund that manages $2.49B across all of its share classes (UIGRX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is USAAX actively managed or an index fund? USAAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (USAAX's is 0.89%) in exchange for the discretion to over- or under-weight positions. ### When was USAAX launched? Victory Growth Fund (USAAX) launched in January 1980 and is managed by Victory Capital. ### How has USAAX performed? USAAX'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 USAAX pay a dividend? Victory Growth Fund (USAAX) currently distributes little or no income. Trailing-twelve-month yield is 10.30%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does USAAX pay dividends? Victory Growth Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is USAAX's dividend yield? USAAX's trailing-twelve-month yield is 10.30%, calculated from the sum of dividends over the past year divided by the current price. ### When is USAAX's next ex-dividend date? The most recently announced ex-dividend date for USAAX 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 USAAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.89% 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 USAAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from USAAX'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 USAAX cost more than a fund like VOO? USAAX is actively managed (current expense ratio 0.89%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether USAAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to USAAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as USAAX (0.89%) 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/usaax - Distribution history: https://www.dividenddata.com/funds/usaax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/usaax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/usaax/expenses - Peer comparison: https://www.dividenddata.com/funds/usaax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.