Mutual Fund Equity Report Having trouble finding funds? Victory Diversified Stock A (SRVEX) is a possible starting point. SRVEX maintains a Zacks Mutual Fund Rank of 3 (Hold), based on nine predictive factors such as size, expense and past performance.
Fund/manager history
Victory is based in Columbus, OH and is the manager of SRVEX. Victory Diversified Stock A was first launched in October 1989 and since then SRVEX has accumulated approximately $206.42 million in assets as of the most recent date. The fund is currently managed by a team of investment professionals.
Performance
Investors naturally look for strong performing funds. SRVEX has a 5-year annualized total return of 8.76% and is in the middle third of its category peers. But if you’re looking for a shorter time frame, it’s worth looking at its 3-year annualized total return of 11.04%, which ranks it in the third highest for this time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Over the past three years, SRVEX’s standard deviation comes in at 22.98%, compared to the category average of 17.33%. Over the past 5 years, the fund’s standard deviation is 20.27% versus the category average of 15.24%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 1.07, meaning it is hypothetically more volatile than the market. Another factor to consider is alpha, as it reflects the portfolio’s performance relative to a risk-adjusted benchmark—in this case, the S&P 500. SRVEX has generated a negative alpha of -2.4 over the past five years, indicating that managers are. They find it difficult to select securities in this portfolio that generate better returns than the benchmark.
Holdings
Investigating mutual fund equity holdings is also a valuable exercise. This can show us how the manager applies the described method and also if there are any inherent biases in their approach. For this particular fund, the focus is primarily on stocks traded in the United States.
The mutual fund is currently 97.33% in stocks, with an average market capitalization of $266.36 billion. The fund has significant exposure to the following market sectors:
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Technology
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Finance
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Retail business
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Industrial cycle
The return is about 76%, so those responsible for the fund trade more than the average.
expenses
As competition heats up in the mutual fund market, costs become more important. A product with a lower price will be superior compared to another similar product, all other things being equal. Therefore, it is crucial for investors to keep a close eye on price-related metrics. From a fee perspective, SRVEX is a freight fund. It has an expense ratio of 1.07% compared to the category average of 0.92%. SRVEX is actually more expensive than its peers when you consider things like cost.
While the minimum initial investment for the product is $2,500, investors should note that each subsequent investment must be at least $50.
at last
Overall, Victory Diversified Stock A (SRVEX) has a neutral Zacks mutual fund rating, and combined with its relatively similar performance, higher risk exposure, and higher payouts, Victory Diversified Stock A (SRVEX) looks like a fair average pick for investors. right now.
Don’t stop here for your research on Mutual Fund Equity Report Funds. We have a lot more on our site to help you find the best fund for your portfolio. For more information on the fund world, visit www.zacks.com/funds/mutual-funds and feel free to compare SRVEX to its peers for additional information. And don’t forget, Zacks has all your equity needs covered too! Be sure to check out Zacks.com for more information on our screening capabilities, rankings, and all of our articles.
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