Victory High Income Fund (Formerly USAA High Income Fund)
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$6.81
$1.04 B
8.01%
$0.55
3.07%
Vitals
YTD Return
0.9%
1 yr return
10.2%
3 Yr Avg Return
1.8%
5 Yr Avg Return
3.3%
Net Assets
$1.04 B
Holdings in Top 10
10.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$6.81
$1.04 B
8.01%
$0.55
3.07%
URHIX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 1.8%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.25%
- Dividend Yield 8.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory High Income Fund (Formerly USAA High Income Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateDec 02, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
URHIX - Performance
Return Ranking - Trailing
Period | URHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -6.8% | 5.3% | 85.15% |
1 Yr | 10.2% | -6.7% | 17.3% | 32.07% |
3 Yr | 1.8%* | -16.7% | 20.2% | 33.94% |
5 Yr | 3.3%* | -12.1% | 36.9% | 45.03% |
10 Yr | N/A* | -5.0% | 19.5% | 34.14% |
* Annualized
Return Ranking - Calendar
Period | URHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | -4.7% | 14.3% | 58.77% |
2022 | -15.7% | -33.4% | 3.6% | 52.95% |
2021 | 0.5% | -8.4% | 8.2% | 33.72% |
2020 | -1.9% | -13.2% | 302.7% | 81.16% |
2019 | 6.7% | -4.4% | 13.3% | 68.89% |
Total Return Ranking - Trailing
Period | URHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -6.8% | 5.3% | 85.15% |
1 Yr | 10.2% | -6.7% | 17.3% | 32.07% |
3 Yr | 1.8%* | -16.7% | 20.2% | 33.94% |
5 Yr | 3.3%* | -12.1% | 36.9% | 45.03% |
10 Yr | N/A* | -5.0% | 19.5% | 32.41% |
* Annualized
Total Return Ranking - Calendar
Period | URHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.2% | -4.7% | 17.8% | 20.54% |
2022 | -10.4% | -33.4% | 47.8% | 45.14% |
2021 | 5.9% | -8.4% | 12.4% | 31.23% |
2020 | 3.9% | -9.6% | 325.6% | 74.32% |
2019 | 13.3% | 0.9% | 19.4% | 57.29% |
NAV & Total Return History
URHIX - Holdings
Concentration Analysis
URHIX | Category Low | Category High | URHIX % Rank | |
---|---|---|---|---|
Net Assets | 1.04 B | 1.45 M | 23.6 B | 37.28% |
Number of Holdings | 433 | 2 | 2736 | 37.46% |
Net Assets in Top 10 | 112 M | -492 M | 4.55 B | 40.95% |
Weighting of Top 10 | 10.67% | 4.2% | 146.9% | 72.22% |
Top 10 Holdings
- 1375209 BC LTD 1.49%
- 720 EAST CLO 2023 I LTD 1.22%
- NCL CORPORATION LTD 1.11%
- GRAY ESCROW II INC 1.08%
- FRONTIER ISSUER LLC 1.00%
- AVIATION CAPTIAL GROUP 0.98%
- THE AES CORPORATION 0.95%
- VISTAJET MALTA FINANCE PLC VISTA INC 0.95%
- ALTICE FRANCE SA FRANCE 0.95%
- ALBEMARLE CORP 0.93%
Asset Allocation
Weighting | Return Low | Return High | URHIX % Rank | |
---|---|---|---|---|
Bonds | 86.64% | -3.13% | 154.38% | 89.73% |
Cash | 13.67% | -52.00% | 48.07% | 4.60% |
Preferred Stocks | 1.24% | 0.00% | 7.88% | 8.89% |
Convertible Bonds | 1.15% | 0.00% | 17.89% | 46.51% |
Stocks | 0.25% | 0.00% | 99.54% | 54.66% |
Other | 0.00% | -63.70% | 102.57% | 75.56% |
Stock Sector Breakdown
Weighting | Return Low | Return High | URHIX % Rank | |
---|---|---|---|---|
Energy | 27.32% | 0.00% | 100.00% | 52.84% |
Healthcare | 22.17% | 0.00% | 22.17% | 0.28% |
Financial Services | 20.51% | 0.00% | 100.00% | 12.50% |
Real Estate | 14.31% | 0.00% | 86.71% | 8.81% |
Communication Services | 8.11% | 0.00% | 99.99% | 36.93% |
Basic Materials | 7.58% | 0.00% | 100.00% | 17.61% |
Utilities | 0.00% | 0.00% | 100.00% | 93.47% |
Technology | 0.00% | 0.00% | 33.17% | 92.33% |
Industrials | 0.00% | 0.00% | 93.12% | 92.61% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 92.05% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 92.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | URHIX % Rank | |
---|---|---|---|---|
US | 0.25% | 0.00% | 99.54% | 53.02% |
Non US | 0.00% | -0.01% | 0.83% | 89.21% |
Bond Sector Breakdown
Weighting | Return Low | Return High | URHIX % Rank | |
---|---|---|---|---|
Corporate | 93.01% | 0.00% | 100.00% | 69.52% |
Cash & Equivalents | 13.67% | 0.00% | 48.07% | 3.81% |
Government | 1.30% | 0.00% | 99.07% | 14.92% |
Securitized | 1.00% | 0.00% | 97.24% | 23.97% |
Municipal | 0.25% | 0.00% | 1.17% | 4.92% |
Derivative | 0.00% | -15.04% | 42.26% | 73.65% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | URHIX % Rank | |
---|---|---|---|---|
US | 86.64% | -3.13% | 129.21% | 77.62% |
Non US | 0.00% | 0.00% | 98.19% | 91.27% |
URHIX - Expenses
Operational Fees
URHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.07% | 0.02% | 38.33% | 2.85% |
Management Fee | 0.41% | 0.00% | 1.84% | 16.30% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | 27.60% |
Sales Fees
URHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
URHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 96.43% |
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.
URHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 255.00% | 24.51% |
URHIX - Distributions
Dividend Yield Analysis
URHIX | Category Low | Category High | URHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.01% | 0.00% | 11.67% | 5.84% |
Dividend Distribution Analysis
URHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
URHIX | Category Low | Category High | URHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.25% | -2.39% | 14.30% | 12.60% |
Capital Gain Distribution Analysis
URHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 25, 2024 | $0.045 | OrdinaryDividend |
Mar 26, 2024 | $0.053 | OrdinaryDividend |
Feb 22, 2024 | $0.041 | OrdinaryDividend |
Jan 23, 2024 | $0.043 | OrdinaryDividend |
Dec 22, 2023 | $0.050 | OrdinaryDividend |
Nov 22, 2023 | $0.046 | OrdinaryDividend |
Oct 20, 2023 | $0.049 | OrdinaryDividend |
Sep 19, 2023 | $0.042 | OrdinaryDividend |
Aug 18, 2023 | $0.039 | OrdinaryDividend |
Jul 21, 2023 | $0.041 | OrdinaryDividend |
Jun 22, 2023 | $0.037 | OrdinaryDividend |
May 24, 2023 | $0.038 | OrdinaryDividend |
Apr 21, 2023 | $0.040 | OrdinaryDividend |
Mar 22, 2023 | $0.040 | OrdinaryDividend |
Feb 22, 2023 | $0.042 | OrdinaryDividend |
Jan 20, 2023 | $0.039 | OrdinaryDividend |
Dec 22, 2022 | $0.036 | OrdinaryDividend |
Nov 23, 2022 | $0.039 | OrdinaryDividend |
Oct 21, 2022 | $0.041 | OrdinaryDividend |
Sep 20, 2022 | $0.033 | OrdinaryDividend |
Aug 19, 2022 | $0.030 | OrdinaryDividend |
Jul 22, 2022 | $0.032 | OrdinaryDividend |
Jun 23, 2022 | $0.032 | OrdinaryDividend |
May 25, 2022 | $0.036 | OrdinaryDividend |
Apr 22, 2022 | $0.034 | OrdinaryDividend |
Mar 23, 2022 | $0.033 | OrdinaryDividend |
Feb 23, 2022 | $0.037 | OrdinaryDividend |
Jan 21, 2022 | $0.037 | OrdinaryDividend |
Dec 23, 2021 | $0.031 | OrdinaryDividend |
Nov 24, 2021 | $0.038 | OrdinaryDividend |
Oct 22, 2021 | $0.043 | OrdinaryDividend |
Sep 21, 2021 | $0.038 | OrdinaryDividend |
Aug 20, 2021 | $0.030 | OrdinaryDividend |
Jul 23, 2021 | $0.036 | OrdinaryDividend |
Jun 23, 2021 | $0.035 | OrdinaryDividend |
May 25, 2021 | $0.032 | OrdinaryDividend |
Apr 23, 2021 | $0.036 | OrdinaryDividend |
Mar 23, 2021 | $0.036 | OrdinaryDividend |
Feb 22, 2021 | $0.030 | OrdinaryDividend |
Jan 21, 2021 | $0.025 | OrdinaryDividend |
Dec 23, 2020 | $0.039 | OrdinaryDividend |
Nov 25, 2020 | $0.030 | OrdinaryDividend |
Oct 28, 2020 | $0.038 | OrdinaryDividend |
Sep 24, 2020 | $0.025 | OrdinaryDividend |
Aug 26, 2020 | $0.038 | OrdinaryDividend |
Jul 24, 2020 | $0.039 | OrdinaryDividend |
Jun 25, 2020 | $0.039 | OrdinaryDividend |
May 21, 2020 | $0.027 | OrdinaryDividend |
Apr 24, 2020 | $0.037 | OrdinaryDividend |
Mar 26, 2020 | $0.036 | OrdinaryDividend |
Feb 26, 2020 | $0.036 | OrdinaryDividend |
Jan 24, 2020 | $0.035 | OrdinaryDividend |
Dec 24, 2019 | $0.047 | OrdinaryDividend |
Nov 27, 2019 | $0.037 | OrdinaryDividend |
Oct 30, 2019 | $0.041 | OrdinaryDividend |
Sep 27, 2019 | $0.041 | OrdinaryDividend |
Aug 29, 2019 | $0.034 | OrdinaryDividend |
Jul 30, 2019 | $0.043 | OrdinaryDividend |
Jun 27, 2019 | $0.039 | OrdinaryDividend |
May 30, 2019 | $0.041 | OrdinaryDividend |
Apr 29, 2019 | $0.039 | OrdinaryDividend |
Mar 28, 2019 | $0.039 | OrdinaryDividend |
Feb 27, 2019 | $0.039 | OrdinaryDividend |
Jan 30, 2019 | $0.032 | OrdinaryDividend |
Dec 17, 2018 | $0.051 | OrdinaryDividend |
Nov 29, 2018 | $0.040 | OrdinaryDividend |
Oct 30, 2018 | $0.045 | OrdinaryDividend |
Sep 27, 2018 | $0.035 | OrdinaryDividend |
Aug 30, 2018 | $0.043 | OrdinaryDividend |
Jul 30, 2018 | $0.039 | OrdinaryDividend |
Jun 28, 2018 | $0.038 | OrdinaryDividend |
May 30, 2018 | $0.041 | OrdinaryDividend |
Apr 27, 2018 | $0.040 | OrdinaryDividend |
Mar 29, 2018 | $0.042 | OrdinaryDividend |
Feb 27, 2018 | $0.042 | OrdinaryDividend |
Jan 30, 2018 | $0.029 | OrdinaryDividend |
Dec 15, 2017 | $0.050 | OrdinaryDividend |
Nov 29, 2017 | $0.042 | OrdinaryDividend |
Oct 30, 2017 | $0.040 | OrdinaryDividend |
Sep 28, 2017 | $0.042 | OrdinaryDividend |
Aug 30, 2017 | $0.040 | OrdinaryDividend |
Jul 28, 2017 | $0.035 | OrdinaryDividend |
Jun 29, 2017 | $0.044 | OrdinaryDividend |
May 30, 2017 | $0.037 | OrdinaryDividend |
Apr 27, 2017 | $0.039 | OrdinaryDividend |
Mar 30, 2017 | $0.046 | OrdinaryDividend |
Feb 27, 2017 | $0.040 | OrdinaryDividend |
Jan 30, 2017 | $0.027 | OrdinaryDividend |
Dec 14, 2016 | $0.053 | OrdinaryDividend |
URHIX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jan 04, 2007
15.41
15.4%
Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
John Spear
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Kurt Daum
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.21 | 8.17 |