Fossil fuel companiesare fueling the climate crisis.


Victory Global Energy Transition Fund

Shareclass
Victory Global Energy Transition C (RGNCX)
Type
Open-end mutual fund
Sustainability mandate
Fossil fuel exposure of 42.61% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Range Resources Corp
Carbon Underground 200Top 200 carbon reserves
$23.39 MILLION
Whitecap Resources Inc
Carbon Underground 200Top 200 carbon reserves
$21.97 MILLION
ARC Resources Ltd
Carbon Underground 200Top 200 carbon reserves
$15.48 MILLION
Peyto Exploration & Development Corp
Carbon Underground 200Top 200 carbon reserves
$15.25 MILLION
Antero Resources Corp
Carbon Underground 200Top 200 carbon reserves
$14.96 MILLION
Tourmaline Oil Corp
Carbon Underground 200Top 200 carbon reserves
$10.95 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
6
holdings
$102.01M
invested
31%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
No direct stock holdings
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
9
holdings
$138.22M
invested
43%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
No direct stock holdings
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
No direct stock holdings
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
9 holdings
9 holdings
  • 1. Range Resources Corp
    Carbon Underground 200Oil/gas industry
    $23.39M
    7.21%
  • 2. Whitecap Resources Inc
    Carbon Underground 200Oil/gas industry
    $21.97M
    6.77%
  • 3. ARC Resources Ltd
    Carbon Underground 200Oil/gas industry
    $15.48M
    4.77%
  • 4. Peyto Exploration & Development Corp
    Carbon Underground 200Oil/gas industry
    $15.25M
    4.7%
  • 5. Antero Resources Corp
    Carbon Underground 200Oil/gas industry
    $14.96M
    4.61%
See all
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Business as usual is fueling climate destruction.
Victory Global Energy Transition Fund $RGNCX is 43% ($138.22 MILLION) invested in fossil fuel stocks
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Financial performance
Performance data provided byMorningstarFind more financial data on RGNCX at Morningstar.com
Current fund
RGNCX
Victory Global Energy Transition Fund
Family
Victory Capital
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-7.3% less in annualized returns
More invested in fossil fuels 
33% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
16.04% less invested
Current fund
RGNCX
Victory Global Energy Transition Fund
Family
Victory Capital
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-7.3% less in annualized returns
More invested in fossil fuels 
33% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
16.04% less invested
Current fund
RGNCX
Victory Global Energy Transition Fund
Family
Victory Capital
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-7.3% less in annualized returns
More invested in fossil fuels 
33% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
16.04% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
RGNCX - Victory Global Energy Transition Fund
1.72%
-1.99%
46%
1.69%
43% 
Benchmark
ACWI - iShares MSCI ACWI ETF
7.43%
7.17%
15%
8.99%
9.46% 
Fund compared to benchmark
 
-5.71%
-9.15%
31%
-7.3%
33%  higher
Find more financial data on RGNCX at Morningstar.com
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