Is Victory Science & Technology (USSCX) a Solid Choice for Mutual Fund Investment at This Time?
Victory Science & Technology Fund Overview: The Victory Science & Technology fund (USSCX) has a Zacks Mutual Fund Rank of 1 (Strong Buy) and focuses on the tech sector, accumulating about $1.28 billion in assets since its inception in 1997. Despite its lower performance compared to peers, it has a competitive expense ratio of 0.96%.
Performance and Volatility: USSCX has shown a 5-year annualized return of 5.99% and a 3-year return of 20.4%, both placing it in the bottom third of its category. The fund is more volatile than its peers, with a 5-year beta of 1.22 and a standard deviation higher than the category average.
Investment Strategy and Holdings: The fund primarily invests in U.S. equities, holding 77.26% in stocks with an average market capitalization of $475.92 billion. It has a turnover rate of 62%, indicating a higher trading frequency compared to similar funds.
Emerging Trends in Quantum Computing: Quantum computing is rapidly advancing, with major tech companies like Microsoft and Google integrating it into their operations. Investment strategist Kevin Cook highlights potential stocks in this sector, suggesting it could be the next significant technological breakthrough following AI.
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