Victory Target Managed Allocation (UTMAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

12.69

-0.01 (-0.08%)

At close: Sep 24, 2026

Fund Assets	67.45M
Expense Ratio	0.68%
Min. Investment	$0.00
Turnover	n/a
Dividend (ttm)	0.42
Dividend Yield	3.32%
Dividend Growth	147.61%
Payout Frequency	n/a
Ex-Dividend Date	Dec 18, 2025

Previous Close	12.70
YTD Return	10.25%
1-Year Return	15.60%
5-Year Return	36.32%
52-Week Low	10.98
52-Week High	12.91
Beta (5Y)	0.83
Holdings	307
Inception Date	Aug 7, 2015

About UTMAX

The Victory Target Managed Allocation Fund is an actively managed mutual fund focused on delivering total return primarily through capital appreciation. Established in 2015, this fund adopts a tactical allocation strategy, investing across a diverse mix of U.S. and international equities—including exposure to emerging markets—as well as fixed-income securities. Its portfolio is built using investments in other mutual funds, exchange-traded funds, and real estate securities, creating broad diversification across asset classes and geographies. The fund holds more than 300 positions and maintains notable exposure to sectors such as technology, finance, and retail trade. With an expense ratio positioned in the second-lowest quintile among peers, the fund offers a cost-competitive approach to global asset allocation. It is designed for investors seeking a balanced strategy that adjusts to changing market conditions, aiming for growth while actively managing risk through its flexible investment mandate.

Fund Family Victory Capital Management Inc.

Category Mix Tgt All Mod

Performance Rating Above Average

Risk Rating High

Stock Exchange NASDAQ

Ticker Symbol UTMAX

Share Class Victory Target Managed Allocation Fund

Index MSCI AC World NR USD

Performance

UTMAX had a total return of 15.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.02%.

Top 10 Holdings

32.61% of assets

Name	Symbol	Weight
E-mini S&P 500 Future Sept 26	n/a	9.74%
iShares Core MSCI Emerging Markets ETF	IEMG	4.45%
Future on TOPIX	n/a	3.38%
MSCI Emerging Markets Index Future Sept 26	n/a	3.19%
Futures Collateral - Cash	n/a	2.77%
NVIDIA Corporation	NVDA	2.11%
Apple Inc.	AAPL	2.02%
Futures Collateral - Cash	n/a	1.72%
Amazon.com, Inc.	AMZN	1.68%
Micron Technology, Inc.	MU	1.55%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.42119	Dec 19, 2025
Dec 12, 2025	$0.36942	Dec 15, 2025
Dec 18, 2024	$0.1701	Dec 19, 2024
Dec 21, 2023	$0.13426	Dec 22, 2023
Dec 21, 2022	$0.00678	Dec 22, 2022
Dec 14, 2022	$0.37115	Dec 15, 2022

Full Dividend History