Victory Special Value ASSVSX

Morningstar Rating

Fund Research and Analysis

by Greg Carlson

We're losing confidence in Victory Special Value.

This mid-blend fund has had an especially difficult time through the stock market's ups and downs over the past two years. Lead manager Les Globits plies a theme-based approach and keeps an eye on the macroeconomic picture, trying to outperform in all sorts of environments. Read more

Kudos

Manager isn't afraid to diverge from peers. Read more

Risks

Volatility has been above average.

High turnover can increase trading costs. Read more

Strategy

Manager Les Globits thinks that powerful macroeconomic forces are the key to success and failure in investing. So, he attempts to find the generally underappreciated movers behind economic shifts and buy the firms due to profit. Read more

Management

Leslie Globits became lead manager here in mid-2006 after comanaging the fund for three years. He has been an employee of KeyCorp, parent to Victory Capital Management, for more than two decades. Before running this fund he worked on international investments. Read more

Inside Scoop

The manager practices a form of theme-based investing here. He strongly believes that certain top-down pressures and incentives cause money to flow toward and away from certain areas of the economy. Read more

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