# Victory 500 Index Fund Member Shares (USSPX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/usspx 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: Passive Index · Inception: 1996-04-30 Under typical market conditions, the fund primarily dedicates a minimum of 80% of its assets to investing in the equities of companies included in its benchmark index. To replicate the index's performance, the appointed sub-advisor endeavors to strategically distribute the fund's capital across these holdings, striving for similar proportional weightings as the index, with an initial emphasis on the companies that represent the largest portions of the index's total value. ## Key Facts | Metric | Value | |---|---| | Price | $93.53 | | Expense Ratio | 0.23% | | AUM (All Share Classes) | $15.77B | | NAV | $93.53 | | Holdings Count | — | | Distribution Yield (TTM) | 3.39% | | Annual Distribution (TTM) | $3.17 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $76.62 – $94.86 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.1885 /share - Ex-date: 2026-09-14 - Pay date: 2026-09-15 ## Frequently Asked Questions ### What does USSPX invest in? Under typical market conditions, the fund primarily dedicates a minimum of 80% of its assets to investing in the equities of companies included in its benchmark index. To replicate the index's performance, the appointed sub-advisor endeavors to strategically distribute the fund's capital across these holdings, striving for similar proportional weightings as the index, with an initial emphasis on the companies that represent the largest portions of the index's total value. ### What is the expense ratio of USSPX? Victory 500 Index Fund Member Shares (USSPX) charges an expense ratio of 0.23%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is USSPX? Victory 500 Index Fund Member Shares (USSPX) is one share class of a fund that manages $15.77B across all of its share classes (USPRX 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 USSPX actively managed or an index fund? USSPX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (USSPX's is 0.23%) because there's no security selection cost. ### When was USSPX launched? Victory 500 Index Fund Member Shares (USSPX) launched in April 1996 and is managed by Victory Capital. ### How has USSPX performed? USSPX'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 USSPX pay a dividend? Victory 500 Index Fund Member Shares (USSPX) currently distributes little or no income. Trailing-twelve-month yield is 3.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does USSPX pay dividends? Victory 500 Index Fund Member Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is USSPX's dividend yield? USSPX's trailing-twelve-month yield is 3.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is USSPX's next ex-dividend date? The most recently announced ex-dividend date for USSPX was 2026-09-14. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will USSPX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.23% 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 USSPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from USSPX'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 USSPX cost more than a fund like VOO? USSPX is a passive index fund (current expense ratio 0.23%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to USSPX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as USSPX (0.23%) 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/usspx - Distribution history: https://www.dividenddata.com/funds/usspx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/usspx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/usspx/expenses - Peer comparison: https://www.dividenddata.com/funds/usspx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.