On Sept. 14, 2026, Victory Capital announced that Victory Sycamore Established Value and Victory Sycamore Small Company Opportunity will reopen to new investors after closing to new money in 2016 and 2017, respectively. Both funds’ Morningstar Medalist Ratings are unchanged. Steady outflows over recent years reduced the Established Value and Small Company Opportunity strategies' assets to roughly $21.6 billion and $6.1 billion, respectively, as of August 2026. Over the trailing three years, Established Value has had about $7.6 billion in outflows, while Small Company Opportunity has lost $4.2 billion, making it a reasonable decision to reopen both. They are among the largest strategies in their respective mid-cap value and small-value Morningstar Categories, so capacity will be worth monitoring closely. Sycamore Capital, a franchise under Victory, has a history of prudent capacity management.
Victory Sycamore Small Company Opportunity Fund R6 VSORX
- NAV / 1-Day Return $52.21 / +0.21 %
- Fund Size $3.9B
- Adjusted Expense Ratio 0.850%
- Net Expense Ratio 0.840%
- Fee Level: Distribution Average
- Share Class Type Retirement, Large
- Morningstar Category Small Value
- Equity Style Box (Funds) Small Value
- Minimum Initial Investment $0
- Investment Status Open
- TTM Yield 0.89%
- Turnover Ratio 54%
Morningstar’s Analysis VSORX
Will VSORX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 15.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Cash | 2.51 | 97M | Cash and Equivalents |
United Bankshares Inc | 1.67 | 65M | Financial Services |
Old National Bancorp | 1.62 | 63M | Financial Services |
Renasant Corp | 1.58 | 61M | Financial Services |
Innospec Inc | 1.55 | 60M | Basic Materials |
UMB Financial Corp | 1.51 | 59M | Financial Services |
MSA Safety Inc | 1.50 | 58M | Industrials |
Towne Bank | 1.44 | 56M | Financial Services |
Sensient Technologies Corp | 1.44 | 56M | Basic Materials |
McGrath RentCorp | 1.43 | 55M | Industrials |