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GGIFX Victory INCORE Fund for Income R

  • Fund
  • GGIFX
  • Price as of: Dec 05, 2016
  • $9.50
  • - $0.01
  • - 0.11%
  • Category
  • Total Bond Market

GGIFX - Profile

Vitals

  • YTD Return -3.2%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $1.12 B
  • Holdings in Top 10 47.5%

52 WEEK LOW AND HIGH

$9.50
$9.49
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short Government

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Victory INCORE Fund for Income
  • Fund Family Name Victory
  • Inception Date Sep 16, 1987
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Harriet R. Uhlir

GGIFX - Performance

Return Ranking - Trailing

Period GGIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.2% -8.1% 202.4% 64.75% 5
1 Yr 1.6% -12.6% 13.2% 73.87% 4
3 Yr 1.8% * -5.8% 8.5% 61.51% 4
5 Yr 1.4% * -2.8% 9.4% 79.93% 5
10 Yr 3.6% * -1.7% 9.8% 60.51% 4

* Annualized


Return Ranking - Calendar

Period GGIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -33.0% 3.0% 43.25% 4
2014 -2.4% -9.3% 14.9% 60.00% 5
2013 -6.6% -24.1% 40.4% 61.55% 5
2012 -2.4% -100.0% 18.7% 67.22% 5
2011 -1.2% -20.6% 15.5% 50.00% 4

Total Return Ranking - Trailing

Period GGIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -7.3% 205.2% 44.92% 3
1 Yr 1.6% -12.6% 16.3% 60.62% 4
3 Yr 1.8% * -7.2% 8.5% 54.72% 3
5 Yr 1.4% * -3.7% 9.4% 77.32% 4
10 Yr 3.6% * -1.7% 9.8% 58.78% 3

* Annualized


Total Return Ranking - Calendar

Period GGIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.5% -32.5% 4.5% 2.50% 1
2014 2.7% -8.3% 16.8% 34.83% 3
2013 -2.0% -12.9% 58.5% 40.12% 3
2012 3.0% -100.0% 35.2% 52.25% 4
2011 5.7% -20.7% 18.1% 18.44% 1

NAV & Total Return History

GGIFX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

GGIFX Category Low Category High GGIFX % Rank Quintile
Net Assets 1.12 B 319 K 176 B 11.39% 3
Number of Holdings 367 1 17569 13.38% 3
Net Assets in Top 10 525 M -36 B 21.3 B 6.36% 2
Weighting of Top 10 47.5% 0.0% 1093.9% 7.78% 2

Top 10 Holdings

  1. GNMA 7.5% 3.03%
  2. GNMA 7% 2.87%
  3. GNMA 6.5% 2.84%
  4. GNMA 7% 2.80%
  5. GNMA 7% 2.37%
  6. GNMA 6.5% 2.20%
  7. GNMA 6.5% 2.11%
  8. US Treasury Bond 9% 6.61%
  9. US Treasury Bond 8.875% 16.91%
  10. US Treasury Bond 8.125% 5.79%

Asset Allocation

Weighting Category Low Category High GGIFX % Rank Quintile
Bonds
97.99% -175.98% 192.68% 5.29% 1
Cash
2.01% -96.63% 275.92% 20.70% 4
Other
0.00% -30.71% 98.36% 13.43% 5
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 4
Preferred Stocks
0.00% -0.45% 17.13% 7.27% 5
Stocks
0.00% -3.27% 98.09% 5.75% 4

Bond Sector Breakdown

Weighting Category Low Category High GGIFX % Rank Quintile
Securitized
68.68% 0.00% 105.84% 1.37% 1
Government
29.31% -389.49% 128.09% 8.49% 2
Cash & Equivalents
2.01% -63.55% 416.01% 20.24% 4
Corporate
0.00% 0.00% 221.70% 29.76% 5
Municipal
0.00% 0.00% 105.76% 12.97% 5
Derivative
0.00% -513.07% 38.63% 2.34% 3

Bond Geographic Breakdown

Weighting Category Low Category High GGIFX % Rank Quintile
US
97.99% -370.09% 180.29% 1.37% 1
Non US
0.00% -45.82% 351.70% 27.92% 5

GGIFX - Expenses

Operational Fees

GGIFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.95% 0.00% 42.51% 9.87% 3
Management Fee 0.46% 0.00% 2.15% 2.64% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 3
Administrative Fee 0.11% 0.00% 0.63% 2.18% 3

Sales Fees

GGIFX Fees (% of AUM) Category Low Category High GGIFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

GGIFX Fees (% of AUM) Category Low Category High GGIFX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

GGIFX Fees (% of AUM) Category Low Category High GGIFX Rank Quintile
Turnover 44.00% 0.00% 1856.00% 13.84% 2

GGIFX - Distributions

Dividend Yield Analysis

GGIFX Category Low Category High GGIFX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.30% 4.27% 1

Dividend Distribution Analysis

GGIFX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

GGIFX Category Low Category High GGIFX % Rank Quintile
Net Income Ratio 1.07% -1.76% 17.13% 18.58% 4

Capital Gain Distribution Analysis

GGIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

GGIFX - Managers

Harriet R. Uhlir

Manager

Start Date

Mar 01, 2013

Tenure

3.67

Tenure Rank

6.2%

Ms. Uhlir is a Portfolio Manager with the Victory Capital Management Inc. and has been with the Victory Capital Management Inc. or an affiliate since 2001.


Heidi L. Adelman

Lead Manager

Start Date

Mar 01, 2006

Tenure

10.68

Tenure Rank

2.5%

Ms. Adelman is a PM and Director for Victory Capital Management. She joined Victory in 1995 following 1 year prior investment experience. Currently, she assists in the management of several taxable fixed income funds and is a specialist in the mortgage backed securities area. Prior to becoming a Portfolio Manager, Ms. Adelman served as a Compliance Specialist, Trade Assistant, and Auditor for other KeyCorp divisions. She holds a Bachelor of Science in Business Administration from Ohio State University.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8