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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.43

$185 M

7.08%

$0.38

1.08%

Vitals

YTD Return

2.5%

1 yr return

12.3%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

3.0%

Net Assets

$185 M

Holdings in Top 10

18.4%

52 WEEK LOW AND HIGH

$5.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 67.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.43

$185 M

7.08%

$0.38

1.08%

GUHYX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.22%
DIVIDENDS
  • Dividend Yield 7.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Victory High Yield Fund
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Aug 02, 2016
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Blaney

Fund Description

The Fund invests primarily in securities, including high-yield corporate bonds, convertible bonds, and other debt securities, that are rated below investment grade by nationally recognized statistical ratings organizations (commonly known as “high-yield” securities or “junk bonds”) at the time of purchase or, if unrated, have been determined by Park Avenue Institutional Advisers LLC (“Park Avenue”), the Fund’s sub-adviser, to be of comparable quality.Park Avenue considers several factors in purchasing and selling securities, such as the price of the security and the earnings patterns, the financial history, the management structure, and the general prospects of the issuer. Park Avenue considers the duration and the maturity of the Fund’s portfolio; however, these factors are a lesser consideration than credit and yield considerations due to the nature of the high-yield securities in which the Fund invests. There is no lower limit on the rating of securities that may be held by the Fund. Some of the securities that the Fund buys and holds may be in default.Park Avenue may sell investments when it believes that they no longer offer attractive potential future returns compared to other investment opportunities or that they present undesirable risks, or in an attempt to limit losses on investments that may decline or have declined in value.The Fund invests, under normal circumstances, at least 80% of its assets in debt securities and other investments that, at the time of purchase, are rated below investment grade. An investment will be considered to be rated below investment grade if it is rated Ba1 or lower by Moody’s Investors Service, Inc. and BB+ or lower by S&P Global Ratings or, if unrated, has been determined by Park Avenue to be of comparable quality. The debt securities and other investments in which the Fund invests may include, for example, corporate bonds, mortgage-backed and asset-backed securities, zero-coupon bonds, “payment-in-kind” securities, and convertible bonds. The Fund may invest in loans and corporate bonds issued in connection with highly leveraged transactions such as mergers, leveraged buyouts, recapitalizations, and acquisitions. The Fund may invest in loans of any maturity and credit quality.The Fund may invest in common and preferred stocks, warrants to purchase common stocks, bonds, or other securities; typically, not more than 20% of the Fund’s assets will be invested in these types of securities.The Fund also may invest up to 35% of the value of its total assets in foreign securities and so-called Yankee securities, which include debt securities issued by non-U.S. corporate or government entities but denominated in U.S. dollars.The Fund may enter into exchange-traded or over-the-counter derivatives transactions of any kind, such as futures contracts, options on futures, and swap contracts, including, for example, interest rate swaps and credit default swaps. The Fund also may enter into exchange-traded or over-the-counter foreign currency exchange transactions, including currency futures, forward, and option transactions. The Fund may enter into any of these transactions for a variety of purposes, including, but not limited to, hedging various risks such as credit risk, interest rate risk, currency risk, and liquidity risk; taking a net long or short position in certain investments or markets; providing liquidity in the Fund; equitizing cash; minimizing transaction costs; generating income; adjusting the Fund’s sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation.
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GUHYX - Performance

Return Ranking - Trailing

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.9% 8.2% 9.83%
1 Yr 12.3% -4.3% 26.0% 41.00%
3 Yr -0.9%* -15.6% 20.6% 93.79%
5 Yr 3.0%* -11.2% 37.3% 70.12%
10 Yr N/A* -4.7% 19.5% 20.59%

* Annualized

Return Ranking - Calendar

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -4.7% 14.3% 93.94%
2022 -22.5% -33.4% 3.6% 96.55%
2021 -0.6% -8.4% 14.9% 73.25%
2020 1.5% -13.9% 302.7% 17.82%
2019 8.5% -4.4% 13.3% 37.24%

Total Return Ranking - Trailing

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.9% 8.2% 9.83%
1 Yr 12.3% -4.3% 26.0% 41.00%
3 Yr -0.9%* -15.6% 20.6% 93.79%
5 Yr 3.0%* -11.2% 37.3% 70.12%
10 Yr N/A* -4.7% 19.5% 29.65%

* Annualized

Total Return Ranking - Calendar

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -4.7% 18.7% 47.67%
2022 -16.5% -33.4% 47.8% 94.98%
2021 5.4% -8.4% 24.8% 40.62%
2020 8.1% -9.6% 325.6% 9.75%
2019 15.5% -3.8% 21.5% 15.86%

NAV & Total Return History


GUHYX - Holdings

Concentration Analysis

GUHYX Category Low Category High GUHYX % Rank
Net Assets 185 M 1.85 M 22.6 B 71.43%
Number of Holdings 124 2 2736 90.59%
Net Assets in Top 10 32.7 M -492 M 4.45 B 71.76%
Weighting of Top 10 18.42% 4.2% 149.6% 26.54%

Top 10 Holdings

  1. COMSTOCK RESOURCES INC 2.20%
  2. PBF HOLDING CO LLC PBF FINANCE CORP 2.07%
  3. COLT MERGER SUB INC 1.88%
  4. PREMIER ENTERTAINMENT SUB LLC 1.88%
  5. HSBC US GOVT MMKT-I 1.76%
  6. GLDMN SCHS FIN SQ GV-FST 1.76%
  7. MSILF GOVERNMENT-INST 1.76%
  8. INVESCO GVT AGNCY-INST 1.76%
  9. MIDAS OPCO HOLDINGS LLC 1.69%
  10. BEAZER HOMES USA 1.65%

Asset Allocation

Weighting Return Low Return High GUHYX % Rank
Bonds
97.64% -3.13% 154.38% 12.44%
Cash
7.05% -52.00% 49.49% 21.76%
Stocks
0.28% 0.00% 99.61% 54.99%
Preferred Stocks
0.00% 0.00% 8.06% 61.57%
Other
0.00% -63.70% 102.57% 58.80%
Convertible Bonds
0.00% 0.00% 17.89% 95.68%

Stock Sector Breakdown

Weighting Return Low Return High GUHYX % Rank
Communication Services
77.99% 0.00% 99.99% 5.59%
Healthcare
22.01% 0.00% 22.17% 1.68%
Utilities
0.00% 0.00% 100.00% 50.56%
Technology
0.00% 0.00% 33.17% 51.96%
Real Estate
0.00% 0.00% 86.71% 46.37%
Industrials
0.00% 0.00% 93.12% 51.68%
Financial Services
0.00% 0.00% 100.00% 50.28%
Energy
0.00% 0.00% 100.00% 80.17%
Consumer Defense
0.00% 0.00% 100.00% 45.25%
Consumer Cyclical
0.00% 0.00% 100.00% 61.17%
Basic Materials
0.00% 0.00% 100.00% 49.44%

Stock Geographic Breakdown

Weighting Return Low Return High GUHYX % Rank
US
0.28% 0.00% 99.61% 53.40%
Non US
0.00% -0.01% 0.83% 44.91%

Bond Sector Breakdown

Weighting Return Low Return High GUHYX % Rank
Corporate
99.83% 0.00% 129.69% 2.32%
Cash & Equivalents
7.05% 0.00% 49.49% 17.13%
Derivative
0.00% -15.04% 42.26% 49.85%
Securitized
0.00% 0.00% 97.24% 66.31%
Municipal
0.00% 0.00% 4.66% 38.95%
Government
0.00% 0.00% 99.07% 55.80%

Bond Geographic Breakdown

Weighting Return Low Return High GUHYX % Rank
US
97.64% -3.13% 129.21% 7.41%
Non US
0.00% 0.00% 97.33% 61.27%

GUHYX - Expenses

Operational Fees

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.04% 31.61% 43.36%
Management Fee 0.60% 0.00% 1.84% 63.23%
12b-1 Fee 0.25% 0.00% 1.00% 31.56%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.25% 5.75% 96.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 1.00% 255.00% 58.23%

GUHYX - Distributions

Dividend Yield Analysis

GUHYX Category Low Category High GUHYX % Rank
Dividend Yield 7.08% 0.00% 35.52% 3.22%

Dividend Distribution Analysis

GUHYX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

GUHYX Category Low Category High GUHYX % Rank
Net Income Ratio 5.22% -2.39% 14.30% 13.81%

Capital Gain Distribution Analysis

GUHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GUHYX - Fund Manager Analysis

Managers

John Blaney


Start Date

Tenure

Tenure Rank

May 01, 2015

7.09

7.1%

John Blaney joined Guardian in 2000 and is a co-manager of the Victory Floating Rate Fund and Victory High Yield Fund. John also co-manages the high yield bond and leveraged loan portfolios in the Guardian general account. During his tenure as senior credit analyst at Guardian, John covered nearly every high yield sector. Prior to joining Guardian, John was an investment analyst at MetLife. He has over 20 years of investment experience. John holds a B.S. in finance from Trenton State College and an MBA from Seton Hall University. He has a Chartered Financial Analyst (CFA) designation and is a

Andrew Liggio


Start Date

Tenure

Tenure Rank

Mar 15, 2021

1.21

1.2%

Andrew Liggio has co-managed the Victory Floating Rate Fund since March 2021. He is a managing director and head of the high yield and bank loan portfolio management group at Guardian Life. Before joining Guardian Life in 2016, he was a partner and analyst at Castle Hill Asset Management. He began his career as an auditor at Arthur Andersen and a credit assistant at The Bank of New York. Mr. Liggio holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the New York Society of Security Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17