- ISIN
- US92647Q5870
- CUSIP
- 92647Q587
- Issuer
- Victory
- Inception Date
- Jun 1, 1972
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GPAFX Performance Chart
Victory RS Large Cap Alpha Fund (GPAFX) is up 4.9% since the beginning of the year. GPAFX is currently trading at $62 per share. Investors who bought $1,000 worth of GPAFX shares 5 years ago would now be looking at an investment worth $1,682.
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Returns By Period
Victory RS Large Cap Alpha Fund (GPAFX) has returned 4.89% so far this year and 17.61% over the past 12 months. Over the last ten years, GPAFX has returned 11.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Victory RS Large Cap Alpha Fund
- 1D
- 0.16%
- 1M
- -0.59%
- YTD
- 4.89%
- 6M
- 3.99%
- 1Y
- 17.61%
- 3Y*
- 17.75%
- 5Y*
- 10.96%
- 10Y*
- 11.82%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GPAFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1990, GPAFX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Oct 2011 with a return of +14.2%, while the worst month was Mar 2020 at -18.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GPAFX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.0%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.52% | 2.94% | -5.33% | 5.35% | -1.11% | -0.19% | 4.89% | ||||||
| 2025 | 3.68% | 0.49% | -2.64% | -2.71% | 3.20% | 3.13% | -0.84% | 3.06% | 2.12% | -0.35% | 5.07% | 0.90% | 15.80% |
| 2024 | 1.70% | 4.89% | 5.68% | -1.95% | 3.78% | -0.84% | 3.54% | 2.85% | 0.46% | -1.13% | 6.18% | -5.31% | 20.95% |
| 2023 | 4.36% | -2.54% | -1.23% | 1.89% | -3.18% | 5.73% | 2.91% | -0.06% | -1.80% | -1.56% | 4.99% | 3.56% | 13.27% |
| 2022 | -0.20% | -0.89% | 2.20% | -3.01% | 1.74% | -6.83% | 5.03% | -2.82% | -8.83% | 9.90% | 4.22% | -3.71% | -4.64% |
| 2021 | -2.51% | 6.87% | 6.09% | 4.68% | 2.56% | -1.58% | 0.42% | 1.01% | -3.54% | 4.95% | -4.51% | 7.43% | 23.04% |
Benchmark Metrics
Victory RS Large Cap Alpha Fund has an annualized alpha of 0.56%, beta of 0.93, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.
- With beta of 0.93 and R2 of 0.82, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.56%
- Beta
- 0.93
- R²
- 0.82
- Upside Capture
- 96.32%
- Downside Capture
- 97.54%
Expense Ratio
GPAFX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GPAFX ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Victory RS Large Cap Alpha Fund (GPAFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GPAFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.46 | -0.07 |
| Martin ratioReturn relative to average drawdown | 8.38 | 10.92 | -2.53 |
Dividends
Dividend History
Victory RS Large Cap Alpha Fund provided a 10.67% dividend yield over the last twelve months, with an annual payout of $6.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.62 | $6.62 | $8.36 | $0.60 | $4.76 | $6.89 | $1.93 | $2.04 | $9.17 | $4.73 | $3.55 | $7.03 |
Dividend yield | 10.67% | 11.19% | 14.74% | 1.12% | 9.93% | 12.50% | 3.80% | 3.84% | 21.74% | 8.36% | 6.84% | 13.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory RS Large Cap Alpha Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.62 | $6.62 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.36 | $8.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.76 | $4.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.89 | $6.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Victory RS Large Cap Alpha Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Victory RS Large Cap Alpha Fund was 62.16%, occurring on Oct 9, 2002. Recovery took 2706 trading sessions.
The current Victory RS Large Cap Alpha Fund drawdown is 2.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -62.16%Oct 2002 | 2y 6mo | 10y 9mo | 13y 3moMar 2000 - Jul 2013 |
COVID crash2020 | -40.08%Mar 2020 | 1mo 4d | 9mo 19d | 10mo 23dFeb 2020 - Jan 2021 |
1990 bear market1990 | -23.49%Oct 1990 | 4mo 14d | 5mo 26d | 10mo 10dJun 1990 - Apr 1991 |
1998 bear market1998 | -23.06%Oct 1998 | 2mo 20d | 2mo 16d | 5mo 6dJul 1998 - Dec 1998 |
Rate-hike selloffLate 2018 | -20.60%Dec 2018 | 3mo 1d | 6mo 9d | 9mo 10dSep 2018 - Jul 2019 |
Drawdown Indicators
| GPAFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.16% | -56.78% | -5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -9.10% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -18.90% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -25.43% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | -33.92% | -6.16% |
Current DrawdownCurrent decline from peak | -2.24% | -3.21% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -16.36% | -10.71% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.04% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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