Victory Low Duration Bond Fund, formerly Victory INCORE Low Duration Bond Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.77
$124 M
3.48%
$0.34
0.96%
Vitals
YTD Return
0.9%
1 yr return
3.5%
3 Yr Avg Return
0.6%
5 Yr Avg Return
1.6%
Net Assets
$124 M
Holdings in Top 10
17.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.77
$124 M
3.48%
$0.34
0.96%
RLDAX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.87%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Low Duration Bond Fund, formerly Victory INCORE Low Duration Bond Fund
-
Fund Family NameVictory Portfolios
-
Inception DateAug 02, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEdward Goard
Fund Description
RLDAX - Performance
Return Ranking - Trailing
Period | RLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -5.1% | 11.2% | 18.55% |
1 Yr | 3.5% | -3.5% | 25.7% | 47.36% |
3 Yr | 0.6%* | -6.7% | 4.0% | 27.75% |
5 Yr | 1.6%* | -4.4% | 4.4% | 32.07% |
10 Yr | N/A* | -19.2% | 169.6% | 56.70% |
* Annualized
Return Ranking - Calendar
Period | RLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -5.4% | 7.6% | 56.57% |
2022 | -5.1% | -17.7% | -2.6% | 8.35% |
2021 | -0.4% | -4.0% | 4.4% | 6.51% |
2020 | 2.1% | -8.3% | 7.6% | 38.63% |
2019 | 1.3% | -2.3% | 9.3% | 83.60% |
Total Return Ranking - Trailing
Period | RLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -5.1% | 11.2% | 18.55% |
1 Yr | 3.5% | -3.5% | 25.7% | 47.36% |
3 Yr | 0.6%* | -6.7% | 4.0% | 27.75% |
5 Yr | 1.6%* | -4.4% | 4.4% | 32.07% |
10 Yr | N/A* | -19.2% | 169.6% | 87.72% |
* Annualized
Total Return Ranking - Calendar
Period | RLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | -1.1% | 15.2% | 75.18% |
2022 | -3.6% | -17.3% | -1.3% | 14.47% |
2021 | 0.8% | -2.7% | 7.7% | 25.48% |
2020 | 4.0% | -4.4% | 14.5% | 52.94% |
2019 | 3.7% | 0.6% | 12.6% | 83.60% |
NAV & Total Return History
RLDAX - Holdings
Concentration Analysis
RLDAX | Category Low | Category High | RLDAX % Rank | |
---|---|---|---|---|
Net Assets | 124 M | 14.5 K | 57.3 B | 85.92% |
Number of Holdings | 180 | 2 | 9251 | 79.06% |
Net Assets in Top 10 | 23.7 M | 993 K | 6.33 B | 89.71% |
Weighting of Top 10 | 17.48% | 1.8% | 108.7% | 70.94% |
Top 10 Holdings
- U S TREASURY NOTE 5.35%
- SANTANDER RETAIL AUTO LEASE TRUST 2021 A 1.61%
- BROADCOM CORP 1.60%
- MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 1.41%
- JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2016 C1 1.37%
- BANK OF NEW YORK MELLON CORP THE 1.30%
- AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 1.28%
- GS MORTGAGE SECURITIES TRUST 2016 GS2 1.24%
- WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016 NXS6 1.17%
- GS MORTGAGE SECURITIES TRUST 2015 GC30 1.15%
Asset Allocation
Weighting | Return Low | Return High | RLDAX % Rank | |
---|---|---|---|---|
Bonds | 98.99% | 0.00% | 130.36% | 7.76% |
Convertible Bonds | 6.96% | 0.00% | 27.71% | 4.88% |
Cash | 1.01% | -20.59% | 62.18% | 72.20% |
Stocks | 0.00% | 0.00% | 103.64% | 45.31% |
Preferred Stocks | 0.00% | 0.00% | 22.27% | 38.63% |
Other | 0.00% | -0.97% | 72.36% | 79.42% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RLDAX % Rank | |
---|---|---|---|---|
Corporate | 62.95% | 0.00% | 100.00% | 13.74% |
Securitized | 23.24% | 0.00% | 97.27% | 57.32% |
Government | 9.41% | 0.00% | 73.63% | 70.89% |
Cash & Equivalents | 0.44% | 0.00% | 62.18% | 67.69% |
Derivative | 0.00% | -0.55% | 28.01% | 48.92% |
Municipal | 0.00% | 0.00% | 17.46% | 66.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RLDAX % Rank | |
---|---|---|---|---|
US | 98.99% | 0.00% | 130.36% | 7.76% |
Non US | 0.00% | 0.00% | 83.16% | 42.78% |
RLDAX - Expenses
Operational Fees
RLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.01% | 3.24% | 27.87% |
Management Fee | 0.45% | 0.00% | 1.19% | 82.49% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.59% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
RLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 0.50% | 5.75% | 2.50% |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
RLDAX 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.
RLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 58.00% | 2.00% | 500.00% | 36.08% |
RLDAX - Distributions
Dividend Yield Analysis
RLDAX | Category Low | Category High | RLDAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.48% | 0.00% | 10.20% | 81.95% |
Dividend Distribution Analysis
RLDAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RLDAX | Category Low | Category High | RLDAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.87% | -1.27% | 4.98% | 67.16% |
Capital Gain Distribution Analysis
RLDAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.028 | OrdinaryDividend |
Mar 01, 2024 | $0.029 | OrdinaryDividend |
Feb 01, 2024 | $0.029 | OrdinaryDividend |
Jan 02, 2024 | $0.031 | OrdinaryDividend |
Dec 01, 2023 | $0.027 | OrdinaryDividend |
Nov 01, 2023 | $0.027 | OrdinaryDividend |
Oct 02, 2023 | $0.024 | OrdinaryDividend |
Sep 01, 2023 | $0.021 | OrdinaryDividend |
Aug 01, 2023 | $0.020 | OrdinaryDividend |
Jul 03, 2023 | $0.022 | OrdinaryDividend |
Jun 01, 2023 | $0.023 | OrdinaryDividend |
May 01, 2023 | $0.022 | OrdinaryDividend |
Apr 03, 2023 | $0.020 | OrdinaryDividend |
Mar 01, 2023 | $0.019 | OrdinaryDividend |
Feb 01, 2023 | $0.018 | OrdinaryDividend |
Jan 03, 2023 | $0.028 | DailyAccrualFund |
Dec 01, 2022 | $0.018 | DailyAccrualFund |
Nov 01, 2022 | $0.015 | DailyAccrualFund |
Oct 03, 2022 | $0.012 | DailyAccrualFund |
Sep 01, 2022 | $0.013 | DailyAccrualFund |
Aug 01, 2022 | $0.010 | DailyAccrualFund |
Jul 01, 2022 | $0.011 | DailyAccrualFund |
Jun 01, 2022 | $0.011 | DailyAccrualFund |
May 02, 2022 | $0.009 | DailyAccrualFund |
Apr 01, 2022 | $0.009 | DailyAccrualFund |
Mar 01, 2022 | $0.009 | DailyAccrualFund |
Feb 01, 2022 | $0.007 | DailyAccrualFund |
Jan 03, 2022 | $0.008 | DailyAccrualFund |
Dec 01, 2021 | $0.009 | DailyAccrualFund |
Nov 01, 2021 | $0.007 | DailyAccrualFund |
Oct 01, 2021 | $0.008 | DailyAccrualFund |
Sep 01, 2021 | $0.011 | DailyAccrualFund |
Aug 02, 2021 | $0.008 | DailyAccrualFund |
Jul 01, 2021 | $0.008 | DailyAccrualFund |
Jun 01, 2021 | $0.011 | DailyAccrualFund |
May 03, 2021 | $0.012 | DailyAccrualFund |
Apr 01, 2021 | $0.011 | DailyAccrualFund |
Mar 01, 2021 | $0.010 | DailyAccrualFund |
Feb 01, 2021 | $0.008 | DailyAccrualFund |
Jan 04, 2021 | $0.009 | DailyAccrualFund |
Dec 01, 2020 | $0.009 | DailyAccrualFund |
Nov 02, 2020 | $0.010 | DailyAccrualFund |
Oct 01, 2020 | $0.012 | DailyAccrualFund |
Sep 01, 2020 | $0.013 | DailyAccrualFund |
Aug 03, 2020 | $0.010 | DailyAccrualFund |
Jul 01, 2020 | $0.006 | DailyAccrualFund |
Jun 01, 2020 | $0.013 | DailyAccrualFund |
May 01, 2020 | $0.016 | DailyAccrualFund |
Apr 01, 2020 | $0.016 | DailyAccrualFund |
Mar 02, 2020 | $0.011 | DailyAccrualFund |
Feb 03, 2020 | $0.012 | DailyAccrualFund |
Dec 31, 2019 | $0.020 | DailyAccrualFund |
Nov 29, 2019 | $0.016 | DailyAccrualFund |
Oct 31, 2019 | $0.019 | DailyAccrualFund |
Sep 30, 2019 | $0.017 | DailyAccrualFund |
Aug 30, 2019 | $0.018 | DailyAccrualFund |
Jul 31, 2019 | $0.019 | DailyAccrualFund |
Jun 28, 2019 | $0.018 | DailyAccrualFund |
May 31, 2019 | $0.019 | DailyAccrualFund |
Apr 30, 2019 | $0.020 | DailyAccrualFund |
Mar 29, 2019 | $0.017 | DailyAccrualFund |
Feb 28, 2019 | $0.017 | DailyAccrualFund |
Jan 31, 2019 | $0.014 | DailyAccrualFund |
Dec 31, 2018 | $0.021 | DailyAccrualFund |
Nov 30, 2018 | $0.020 | DailyAccrualFund |
Oct 31, 2018 | $0.020 | DailyAccrualFund |
Aug 31, 2018 | $0.020 | DailyAccrualFund |
Jul 31, 2018 | $0.019 | DailyAccrualFund |
Jun 29, 2018 | $0.018 | DailyAccrualFund |
May 31, 2018 | $0.018 | DailyAccrualFund |
Apr 30, 2018 | $0.018 | DailyAccrualFund |
Mar 29, 2018 | $0.017 | DailyAccrualFund |
Feb 28, 2018 | $0.013 | DailyAccrualFund |
Jan 31, 2018 | $0.015 | DailyAccrualFund |
Dec 29, 2017 | $0.040 | DailyAccrualFund |
Nov 30, 2017 | $0.012 | DailyAccrualFund |
Oct 31, 2017 | $0.016 | DailyAccrualFund |
Sep 29, 2017 | $0.015 | DailyAccrualFund |
Aug 31, 2017 | $0.012 | DailyAccrualFund |
Jul 31, 2017 | $0.012 | DailyAccrualFund |
Jun 30, 2017 | $0.011 | DailyAccrualFund |
May 31, 2017 | $0.010 | DailyAccrualFund |
Apr 28, 2017 | $0.010 | DailyAccrualFund |
Mar 31, 2017 | $0.012 | DailyAccrualFund |
Feb 28, 2017 | $0.012 | DailyAccrualFund |
Jan 31, 2017 | $0.013 | DailyAccrualFund |
Dec 30, 2016 | $0.004 | DailyAccrualFund |
Nov 30, 2016 | $0.007 | DailyAccrualFund |
Oct 31, 2016 | $0.007 | DailyAccrualFund |
Sep 30, 2016 | $0.008 | DailyAccrualFund |
Aug 31, 2016 | $0.008 | DailyAccrualFund |
RLDAX - Fund Manager Analysis
Managers
Edward Goard
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Edward D. Goard is a Chief Investment Officer of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. Mr. Goard has been with the INCORE since 2014. From 2007-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. He was previously with Barclays Global Investors (BGI) as a senior portfolio manager and the head of interest rate and mortgage strategies. Mr. Goard is a CFA charterholder. Mr. Goard earned a B.S. in International Finance from San Francisco State University.
James Kelts
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
James R. Kelts is a Senior Portfolio Manager of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. He has been with the INCORE since 2014. From 2003-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. Mr. Kelts is a CFA charterholder. Mr. Kelts earned a B.A. in Finance from Michigan State University, is a CFA® charterholder, and a member of the CFA Institute and the CFA Society of Detroit.
Richard Consul
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Richard A. Consul is a Senior Portfolio Manager of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. He has been with the Adviser since 2014. From 2010-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. Prior to that, Mr. Consul was a foreign exchange currency trader and a futures/options trader specializing in crude oil for a commodities hedge fund portfolio. Mr. Consul is a CFA charterholder. He earned a B.B.A. in Finance with a minor in Mathematics and an M.S.E. in Financial Engineering from the University of Michigan. He is a member of the International Association of Financial Engineers.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.14 | 2.41 |