Victory Trivalent International Small-Cap Fund Q4 2025 Commentary

Mutual Fund Commentaries82 FollowersFollow5ShareSavePlay(7min)CommentsSummaryInternational small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth.For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares at NAV) outperformed the benchmark.Security selection was positive as excess returns were generated in four of five regions and seven of the eleven economic sectors. juststock/iStock via Getty Images Market Environment International small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth. For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares atThis article was written byMutual Fund Commentaries82 FollowersFollowSelect quarterly mutual fund commentaries.