Victory Income Fund (Formerly USAA Income Fund)
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
1.7%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
1.1%
Net Assets
$4.49 B
Holdings in Top 10
8.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UIINX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.95%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Income Fund (Formerly USAA Income Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateOct 27, 2011
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
UIINX - Performance
Return Ranking - Trailing
Period | UIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -13.7% | 2.7% | 5.07% |
1 Yr | 1.7% | -11.8% | 10.3% | 2.69% |
3 Yr | -2.4%* | -11.1% | 24.7% | 8.41% |
5 Yr | 1.1%* | -7.0% | 190.8% | 7.61% |
10 Yr | 2.1%* | -2.7% | 73.4% | 7.45% |
* Annualized
Return Ranking - Calendar
Period | UIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -16.2% | 8.1% | 9.09% |
2022 | -16.2% | -34.7% | 131.9% | 56.73% |
2021 | -4.3% | -11.6% | 4.4% | 84.98% |
2020 | 3.4% | -10.1% | 946.1% | 62.11% |
2019 | 7.0% | -1.7% | 16.9% | 10.45% |
Total Return Ranking - Trailing
Period | UIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -13.7% | 2.7% | 5.07% |
1 Yr | 1.7% | -11.8% | 10.3% | 2.69% |
3 Yr | -2.4%* | -11.1% | 24.7% | 8.41% |
5 Yr | 1.1%* | -7.0% | 190.8% | 7.61% |
10 Yr | 2.1%* | -2.7% | 73.4% | 7.45% |
* Annualized
Total Return Ranking - Calendar
Period | UIINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -11.3% | 11.0% | 13.89% |
2022 | -13.4% | -32.2% | 131.9% | 42.35% |
2021 | 0.4% | -9.4% | 9.2% | 15.02% |
2020 | 8.2% | -1.9% | 1009.0% | 51.21% |
2019 | 11.1% | 1.1% | 21668.0% | 5.17% |
NAV & Total Return History
UIINX - Holdings
Concentration Analysis
UIINX | Category Low | Category High | UIINX % Rank | |
---|---|---|---|---|
Net Assets | 4.49 B | 2.9 M | 314 B | 25.79% |
Number of Holdings | 968 | 1 | 17889 | 39.74% |
Net Assets in Top 10 | 383 M | -106 M | 34.8 B | 48.32% |
Weighting of Top 10 | 8.43% | 4.4% | 134.1% | 95.24% |
Top 10 Holdings
- US TREASURY INFLATION INDEX 1.43%
- UNITED STATES TREASURY BOND 0.97%
- U S TREASURY BOND 0.94%
- U S TREASURY NOTE 0.92%
- UNITED STATES TREASURY BOND 0.90%
- U S TREASURY BOND 0.84%
- U S TREASURY NOTE 0.69%
- U S TREASURY BOND 0.66%
- U S TREASURY BOND 0.55%
- U S TREASURY BOND 0.54%
Asset Allocation
Weighting | Return Low | Return High | UIINX % Rank | |
---|---|---|---|---|
Bonds | 97.04% | 0.00% | 215.98% | 37.60% |
Convertible Bonds | 2.96% | 0.00% | 7.93% | 9.73% |
Cash | 2.16% | -54.51% | 79.52% | 60.65% |
Preferred Stocks | 0.88% | 0.00% | 74.68% | 4.34% |
Stocks | 0.00% | 0.00% | 99.83% | 61.71% |
Other | 0.00% | -13.23% | 50.66% | 88.07% |
Bond Sector Breakdown
Weighting | Return Low | Return High | UIINX % Rank | |
---|---|---|---|---|
Corporate | 57.16% | 0.00% | 100.00% | 3.48% |
Securitized | 16.49% | 0.00% | 98.40% | 87.19% |
Government | 16.06% | 0.00% | 86.23% | 71.70% |
Municipal | 9.20% | 0.00% | 100.00% | 3.67% |
Cash & Equivalents | 2.16% | 0.00% | 76.23% | 56.41% |
Derivative | 0.00% | -9.72% | 50.66% | 70.12% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | UIINX % Rank | |
---|---|---|---|---|
US | 97.04% | 0.00% | 215.98% | 34.32% |
Non US | 0.00% | 0.00% | 33.48% | 64.89% |
UIINX - Expenses
Operational Fees
UIINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.55% | 0.01% | 39.10% | 66.10% |
Management Fee | 0.32% | 0.00% | 1.76% | 37.35% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 69.37% |
Sales Fees
UIINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
UIINX 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.
UIINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 493.39% | 4.22% |
UIINX - Distributions
Dividend Yield Analysis
UIINX | Category Low | Category High | UIINX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.13% | 0.00% | 10.21% | 30.02% |
Dividend Distribution Analysis
UIINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
UIINX | Category Low | Category High | UIINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.95% | -1.28% | 4.79% | 3.53% |
Capital Gain Distribution Analysis
UIINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 25, 2024 | $0.038 | OrdinaryDividend |
Mar 26, 2024 | $0.046 | OrdinaryDividend |
Feb 22, 2024 | $0.033 | OrdinaryDividend |
Jan 23, 2024 | $0.011 | OrdinaryDividend |
Dec 22, 2023 | $0.067 | OrdinaryDividend |
Nov 22, 2023 | $0.041 | OrdinaryDividend |
Oct 20, 2023 | $0.042 | OrdinaryDividend |
Sep 19, 2023 | $0.035 | OrdinaryDividend |
Aug 18, 2023 | $0.032 | OrdinaryDividend |
Jul 21, 2023 | $0.036 | OrdinaryDividend |
Jun 22, 2023 | $0.035 | OrdinaryDividend |
May 24, 2023 | $0.037 | OrdinaryDividend |
Apr 21, 2023 | $0.035 | OrdinaryDividend |
Mar 22, 2023 | $0.033 | OrdinaryDividend |
Feb 22, 2023 | $0.034 | OrdinaryDividend |
Jan 20, 2023 | $0.004 | OrdinaryDividend |
Dec 22, 2022 | $0.059 | OrdinaryDividend |
Nov 23, 2022 | $0.033 | OrdinaryDividend |
Oct 21, 2022 | $0.041 | OrdinaryDividend |
Sep 20, 2022 | $0.022 | OrdinaryDividend |
Aug 19, 2022 | $0.029 | OrdinaryDividend |
Jul 22, 2022 | $0.030 | OrdinaryDividend |
Jun 23, 2022 | $0.030 | OrdinaryDividend |
May 25, 2022 | $0.034 | OrdinaryDividend |
Apr 22, 2022 | $0.029 | OrdinaryDividend |
Mar 23, 2022 | $0.029 | OrdinaryDividend |
Feb 23, 2022 | $0.032 | OrdinaryDividend |
Jan 21, 2022 | $0.026 | OrdinaryDividend |
Dec 23, 2021 | $0.032 | OrdinaryDividend |
Nov 24, 2021 | $0.032 | OrdinaryDividend |
Oct 22, 2021 | $0.038 | OrdinaryDividend |
Sep 21, 2021 | $0.030 | OrdinaryDividend |
Aug 20, 2021 | $0.028 | OrdinaryDividend |
Jul 23, 2021 | $0.033 | OrdinaryDividend |
Jun 23, 2021 | $0.033 | OrdinaryDividend |
May 25, 2021 | $0.032 | OrdinaryDividend |
Apr 23, 2021 | $0.036 | OrdinaryDividend |
Mar 23, 2021 | $0.036 | OrdinaryDividend |
Feb 22, 2021 | $0.032 | OrdinaryDividend |
Jan 21, 2021 | $0.012 | OrdinaryDividend |
Dec 23, 2020 | $0.049 | OrdinaryDividend |
Nov 25, 2020 | $0.032 | OrdinaryDividend |
Oct 28, 2020 | $0.040 | OrdinaryDividend |
Sep 24, 2020 | $0.033 | OrdinaryDividend |
Aug 26, 2020 | $0.039 | OrdinaryDividend |
Jul 24, 2020 | $0.033 | OrdinaryDividend |
Jun 25, 2020 | $0.042 | OrdinaryDividend |
May 21, 2020 | $0.029 | OrdinaryDividend |
Apr 24, 2020 | $0.037 | OrdinaryDividend |
Mar 26, 2020 | $0.024 | OrdinaryDividend |
Feb 26, 2020 | $0.037 | OrdinaryDividend |
Jan 24, 2020 | $0.013 | OrdinaryDividend |
Dec 24, 2019 | $0.061 | OrdinaryDividend |
Dec 18, 2019 | $0.045 | OrdinaryDividend |
Nov 27, 2019 | $0.037 | OrdinaryDividend |
Oct 30, 2019 | $0.037 | OrdinaryDividend |
Sep 27, 2019 | $0.038 | OrdinaryDividend |
Aug 29, 2019 | $0.029 | OrdinaryDividend |
Jul 30, 2019 | $0.039 | OrdinaryDividend |
Jun 27, 2019 | $0.035 | OrdinaryDividend |
May 30, 2019 | $0.039 | OrdinaryDividend |
Apr 29, 2019 | $0.036 | OrdinaryDividend |
Mar 28, 2019 | $0.036 | OrdinaryDividend |
Feb 27, 2019 | $0.035 | OrdinaryDividend |
Jan 30, 2019 | $0.032 | OrdinaryDividend |
Dec 17, 2018 | $0.053 | OrdinaryDividend |
Nov 29, 2018 | $0.037 | OrdinaryDividend |
Oct 30, 2018 | $0.042 | OrdinaryDividend |
Sep 27, 2018 | $0.034 | OrdinaryDividend |
Aug 30, 2018 | $0.039 | OrdinaryDividend |
Jul 30, 2018 | $0.034 | OrdinaryDividend |
Jun 28, 2018 | $0.036 | OrdinaryDividend |
May 30, 2018 | $0.038 | OrdinaryDividend |
Apr 27, 2018 | $0.033 | OrdinaryDividend |
Mar 29, 2018 | $0.034 | OrdinaryDividend |
Feb 27, 2018 | $0.033 | OrdinaryDividend |
Jan 30, 2018 | $0.031 | OrdinaryDividend |
Dec 15, 2017 | $0.057 | OrdinaryDividend |
Nov 29, 2017 | $0.040 | OrdinaryDividend |
Oct 30, 2017 | $0.035 | OrdinaryDividend |
Sep 28, 2017 | $0.035 | OrdinaryDividend |
Aug 30, 2017 | $0.039 | OrdinaryDividend |
Jul 28, 2017 | $0.029 | OrdinaryDividend |
Jun 29, 2017 | $0.039 | OrdinaryDividend |
May 30, 2017 | $0.035 | OrdinaryDividend |
Apr 27, 2017 | $0.032 | OrdinaryDividend |
Mar 30, 2017 | $0.040 | OrdinaryDividend |
Feb 27, 2017 | $0.034 | OrdinaryDividend |
Jan 30, 2017 | $0.029 | OrdinaryDividend |
Dec 14, 2016 | $0.059 | OrdinaryDividend |
Nov 29, 2016 | $0.040 | OrdinaryDividend |
Oct 28, 2016 | $0.035 | OrdinaryDividend |
Sep 29, 2016 | $0.040 | OrdinaryDividend |
Aug 30, 2016 | $0.042 | OrdinaryDividend |
Jul 28, 2016 | $0.033 | OrdinaryDividend |
Jun 29, 2016 | $0.038 | OrdinaryDividend |
May 27, 2016 | $0.033 | OrdinaryDividend |
Apr 28, 2016 | $0.036 | OrdinaryDividend |
Mar 30, 2016 | $0.042 | OrdinaryDividend |
Feb 26, 2016 | $0.034 | OrdinaryDividend |
Jan 28, 2016 | $0.036 | OrdinaryDividend |
Nov 27, 2015 | $0.037 | OrdinaryDividend |
Oct 29, 2015 | $0.039 | OrdinaryDividend |
Sep 29, 2015 | $0.046 | OrdinaryDividend |
Aug 28, 2015 | $0.034 | OrdinaryDividend |
Jul 30, 2015 | $0.042 | OrdinaryDividend |
Jun 29, 2015 | $0.035 | OrdinaryDividend |
May 28, 2015 | $0.034 | OrdinaryDividend |
Apr 29, 2015 | $0.039 | OrdinaryDividend |
Mar 30, 2015 | $0.037 | OrdinaryDividend |
Feb 26, 2015 | $0.036 | OrdinaryDividend |
Jan 29, 2015 | $0.028 | OrdinaryDividend |
Dec 17, 2014 | $0.091 | OrdinaryDividend |
Nov 26, 2014 | $0.034 | OrdinaryDividend |
Oct 30, 2014 | $0.039 | OrdinaryDividend |
Sep 29, 2014 | $0.036 | OrdinaryDividend |
Aug 28, 2014 | $0.035 | OrdinaryDividend |
Jul 30, 2014 | $0.041 | OrdinaryDividend |
Jun 27, 2014 | $0.034 | OrdinaryDividend |
May 29, 2014 | $0.039 | OrdinaryDividend |
Apr 29, 2014 | $0.042 | OrdinaryDividend |
Mar 28, 2014 | $0.040 | OrdinaryDividend |
Feb 27, 2014 | $0.040 | OrdinaryDividend |
Jan 30, 2014 | $0.029 | OrdinaryDividend |
Dec 18, 2013 | $0.101 | OrdinaryDividend |
Nov 27, 2013 | $0.038 | OrdinaryDividend |
Oct 30, 2013 | $0.043 | OrdinaryDividend |
Sep 27, 2013 | $0.041 | OrdinaryDividend |
Aug 29, 2013 | $0.040 | OrdinaryDividend |
Jul 30, 2013 | $0.042 | OrdinaryDividend |
Jun 27, 2013 | $0.039 | OrdinaryDividend |
May 30, 2013 | $0.045 | OrdinaryDividend |
Apr 29, 2013 | $0.039 | OrdinaryDividend |
Mar 28, 2013 | $0.040 | OrdinaryDividend |
Feb 27, 2013 | $0.039 | OrdinaryDividend |
Jan 30, 2013 | $0.013 | OrdinaryDividend |
Dec 19, 2012 | $0.069 | OrdinaryDividend |
Nov 29, 2012 | $0.042 | OrdinaryDividend |
Oct 31, 2012 | $0.044 | OrdinaryDividend |
Sep 27, 2012 | $0.039 | OrdinaryDividend |
Aug 30, 2012 | $0.042 | OrdinaryDividend |
Jul 30, 2012 | $0.040 | OrdinaryDividend |
Jun 28, 2012 | $0.040 | OrdinaryDividend |
May 30, 2012 | $0.047 | OrdinaryDividend |
Apr 27, 2012 | $0.039 | OrdinaryDividend |
Mar 29, 2012 | $0.041 | OrdinaryDividend |
Feb 28, 2012 | $0.043 | OrdinaryDividend |
Jan 30, 2012 | $0.013 | OrdinaryDividend |
Dec 20, 2011 | $0.072 | OrdinaryDividend |
Nov 29, 2011 | $0.046 | OrdinaryDividend |
Oct 28, 2011 | $0.042 | OrdinaryDividend |
Sep 29, 2011 | $0.044 | OrdinaryDividend |
Aug 30, 2011 | $0.046 | OrdinaryDividend |
Jul 28, 2011 | $0.044 | OrdinaryDividend |
Jun 29, 2011 | $0.043 | OrdinaryDividend |
May 27, 2011 | $0.043 | OrdinaryDividend |
Apr 28, 2011 | $0.044 | OrdinaryDividend |
Mar 30, 2011 | $0.050 | OrdinaryDividend |
Feb 25, 2011 | $0.043 | OrdinaryDividend |
Jan 28, 2011 | $0.038 | OrdinaryDividend |
Dec 21, 2010 | $0.061 | OrdinaryDividend |
Nov 29, 2010 | $0.047 | OrdinaryDividend |
Oct 28, 2010 | $0.043 | OrdinaryDividend |
Sep 29, 2010 | $0.051 | OrdinaryDividend |
Aug 30, 2010 | $0.047 | OrdinaryDividend |
Jul 29, 2010 | $0.050 | OrdinaryDividend |
Jun 29, 2010 | $0.058 | OrdinaryDividend |
May 27, 2010 | $0.045 | OrdinaryDividend |
Apr 29, 2010 | $0.048 | OrdinaryDividend |
Mar 30, 2010 | $0.054 | OrdinaryDividend |
Feb 25, 2010 | $0.047 | OrdinaryDividend |
Jan 28, 2010 | $0.041 | OrdinaryDividend |
Dec 22, 2009 | $0.064 | OrdinaryDividend |
Nov 27, 2009 | $0.048 | OrdinaryDividend |
Oct 29, 2009 | $0.054 | OrdinaryDividend |
Sep 29, 2009 | $0.057 | OrdinaryDividend |
Aug 28, 2009 | $0.056 | OrdinaryDividend |
Jul 30, 2009 | $0.066 | OrdinaryDividend |
Jun 29, 2009 | $0.063 | OrdinaryDividend |
May 28, 2009 | $0.058 | OrdinaryDividend |
Apr 29, 2009 | $0.064 | OrdinaryDividend |
Mar 30, 2009 | $0.060 | OrdinaryDividend |
Feb 26, 2009 | $0.046 | OrdinaryDividend |
Jan 29, 2009 | $0.026 | OrdinaryDividend |
Dec 19, 2008 | $0.081 | OrdinaryDividend |
Nov 26, 2008 | $0.048 | OrdinaryDividend |
Oct 30, 2008 | $0.053 | OrdinaryDividend |
Sep 29, 2008 | $0.059 | OrdinaryDividend |
Aug 28, 2008 | $0.055 | OrdinaryDividend |
UIINX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jul 16, 2012
9.88
9.9%
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.
Brian Smith
Start Date
Tenure
Tenure Rank
Dec 01, 2013
8.5
8.5%
Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He 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.
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.
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |