Abstract
- After two consecutive years of spectacular 20%-plus annual returns for the broad market, the bellwether large-cap index shed 4.3% through the first quarter.
- The Victory RS Mid Cap Progress Fund (Class A Shares, with out gross sales cost) returned -11.50% for the three months ended March 31, 2025, underperforming the Russell Midcap® Progress Index, which returned -7.12%.
- The biggest detractor from efficiency inside the Know-how sector was Commerce Desk (1.39% ending weight), a cloud-based ad- shopping for platform.
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Quarterly Highlights
- The Victory RS Mid Cap Progress Fund (MUTF:RSMOX)(Class A Shares, with out gross sales cost) returned -11.50% for the three months ended March 31, 2025, underperforming the Russell Midcap® Progress Index,1 which returned -7.12%.
- Fund efficiency relative to
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