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Victory RS Partners Fund Q3 2025 Commentary (Mutual Fund: RSPFX)

summation

  • For the three months ended September 30, 2025, Victory RS Partners Fund (No Sales Commission A Shares) returned 3.45% versus the index and 12.60%.
  • As we look ahead to the fourth quarter and 2026, we believe risk management and downside protection may become more important than ever.
  • We continue to believe that an actively managed, value-driven approach will remain in place well into the future.
  • The unusual rebound in stocks and corporate bonds reflects investor optimism about expected fiscal stimulus, regulatory relief and the possibility of interest rate cuts.

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nikada/e+ via gettty images

market commentary

Although there appears to be an air of uncertainty in the current economic and market environment, investors appeared largely unfazed during the third quarter. Are investors being overly optimistic about the economic downturn?

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