Victory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.24
$50 M
4.43%
$0.36
0.64%
Vitals
YTD Return
-0.5%
1 yr return
2.5%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
0.6%
Net Assets
$50 M
Holdings in Top 10
32.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.24
$50 M
4.43%
$0.36
0.64%
MUCRX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.73%
- Dividend Yield 4.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
-
Fund Family NameVictory Portfolios
-
Inception DateMar 04, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEdward Goard
Fund Description
MUCRX - Performance
Return Ranking - Trailing
Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -6.0% | 3.9% | 83.38% |
1 Yr | 2.5% | -10.3% | 16.1% | 67.92% |
3 Yr | -2.5%* | -10.4% | 26.2% | 48.27% |
5 Yr | 0.6%* | -6.6% | 191.4% | 48.81% |
10 Yr | N/A* | -2.4% | 73.7% | 43.68% |
* Annualized
Return Ranking - Calendar
Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -16.2% | 8.1% | 90.29% |
2022 | -15.4% | -34.7% | 131.9% | 31.68% |
2021 | -2.6% | -11.6% | 4.4% | 19.43% |
2020 | 5.1% | -10.1% | 946.1% | 29.37% |
2019 | 4.6% | -1.7% | 156.4% | 75.74% |
Total Return Ranking - Trailing
Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -6.0% | 3.9% | 83.38% |
1 Yr | 2.5% | -10.3% | 16.1% | 67.92% |
3 Yr | -2.5%* | -10.4% | 26.2% | 48.27% |
5 Yr | 0.6%* | -6.6% | 191.4% | 48.81% |
10 Yr | N/A* | -2.4% | 73.7% | 41.24% |
* Annualized
Total Return Ranking - Calendar
Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | -11.3% | 11.0% | 91.48% |
2022 | -13.0% | -32.2% | 131.9% | 29.55% |
2021 | -0.2% | -9.4% | 9.2% | 26.61% |
2020 | 8.0% | -1.9% | 1009.0% | 56.55% |
2019 | 7.6% | 1.1% | 21668.0% | 79.16% |
NAV & Total Return History
MUCRX - Holdings
Concentration Analysis
MUCRX | Category Low | Category High | MUCRX % Rank | |
---|---|---|---|---|
Net Assets | 50 M | 2.73 M | 292 B | 92.19% |
Number of Holdings | 285 | 1 | 17889 | 80.23% |
Net Assets in Top 10 | 31.7 M | -106 M | 36.5 B | 86.01% |
Weighting of Top 10 | 32.14% | 4.4% | 134.1% | 29.04% |
Top 10 Holdings
- U S TREASURY NOTE 7.98%
- U S TREASURY BOND 4.19%
- U S TREASURY BOND 3.15%
- U S TREASURY NOTE 3.04%
- U S TREASURY NOTE 3.04%
- U S TREASURY NOTE 3.03%
- U S TREASURY NOTE 2.38%
- U S TREASURY BOND 1.92%
- FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.83%
- FEDERAL HOME LOAN MORTGAGE CORPORATION 1.58%
Asset Allocation
Weighting | Return Low | Return High | MUCRX % Rank | |
---|---|---|---|---|
Bonds | 97.31% | 0.00% | 215.98% | 38.77% |
Convertible Bonds | 7.24% | 0.00% | 7.93% | 0.99% |
Cash | 2.69% | -54.51% | 88.26% | 51.27% |
Stocks | 0.00% | 0.00% | 99.93% | 69.53% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 65.95% |
Other | 0.00% | -13.23% | 58.65% | 83.66% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MUCRX % Rank | |
---|---|---|---|---|
Corporate | 49.79% | 0.00% | 100.00% | 10.15% |
Securitized | 30.09% | 0.00% | 98.40% | 49.06% |
Government | 17.90% | 0.00% | 86.23% | 66.80% |
Cash & Equivalents | 2.22% | 0.00% | 88.06% | 53.62% |
Derivative | 0.00% | -5.38% | 58.65% | 58.41% |
Municipal | 0.00% | 0.00% | 100.00% | 87.59% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MUCRX % Rank | |
---|---|---|---|---|
US | 97.31% | 0.00% | 215.98% | 33.86% |
Non US | 0.00% | 0.00% | 39.04% | 71.62% |
MUCRX - Expenses
Operational Fees
MUCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.64% | 0.01% | 39.10% | 56.41% |
Management Fee | 0.40% | 0.00% | 1.76% | 65.02% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 7.11% |
Administrative Fee | 0.08% | 0.01% | 0.50% | 46.80% |
Sales Fees
MUCRX 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
MUCRX 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.
MUCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.00% | 2.00% | 493.39% | 35.60% |
MUCRX - Distributions
Dividend Yield Analysis
MUCRX | Category Low | Category High | MUCRX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.43% | 0.00% | 9.75% | 45.70% |
Dividend Distribution Analysis
MUCRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
MUCRX | Category Low | Category High | MUCRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.73% | -1.28% | 4.79% | 48.25% |
Capital Gain Distribution Analysis
MUCRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.032 | OrdinaryDividend |
Feb 22, 2024 | $0.030 | OrdinaryDividend |
Jan 23, 2024 | $0.027 | OrdinaryDividend |
Dec 22, 2023 | $0.031 | OrdinaryDividend |
Nov 22, 2023 | $0.016 | OrdinaryDividend |
Oct 20, 2023 | $0.028 | OrdinaryDividend |
Sep 19, 2023 | $0.024 | OrdinaryDividend |
Aug 18, 2023 | $0.029 | OrdinaryDividend |
Jul 21, 2023 | $0.022 | OrdinaryDividend |
Jun 22, 2023 | $0.027 | OrdinaryDividend |
May 24, 2023 | $0.026 | OrdinaryDividend |
Apr 21, 2023 | $0.022 | OrdinaryDividend |
Mar 22, 2023 | $0.025 | OrdinaryDividend |
Feb 22, 2023 | $0.025 | OrdinaryDividend |
Jan 20, 2023 | $0.019 | OrdinaryDividend |
Dec 22, 2022 | $0.025 | OrdinaryDividend |
Nov 23, 2022 | $0.021 | OrdinaryDividend |
Oct 21, 2022 | $0.022 | OrdinaryDividend |
Sep 20, 2022 | $0.021 | OrdinaryDividend |
Aug 19, 2022 | $0.017 | OrdinaryDividend |
Jul 22, 2022 | $0.018 | OrdinaryDividend |
Jun 23, 2022 | $0.019 | OrdinaryDividend |
May 25, 2022 | $0.022 | OrdinaryDividend |
Apr 22, 2022 | $0.019 | OrdinaryDividend |
Mar 23, 2022 | $0.020 | OrdinaryDividend |
Feb 23, 2022 | $0.019 | OrdinaryDividend |
Jan 21, 2022 | $0.019 | OrdinaryDividend |
Dec 23, 2021 | $0.018 | OrdinaryDividend |
Nov 24, 2021 | $0.021 | OrdinaryDividend |
Oct 22, 2021 | $0.020 | OrdinaryDividend |
Sep 21, 2021 | $0.020 | OrdinaryDividend |
Aug 20, 2021 | $0.019 | OrdinaryDividend |
Jul 23, 2021 | $0.013 | OrdinaryDividend |
Jun 23, 2021 | $0.021 | OrdinaryDividend |
May 25, 2021 | $0.022 | OrdinaryDividend |
Apr 23, 2021 | $0.023 | OrdinaryDividend |
Mar 23, 2021 | $0.024 | OrdinaryDividend |
Feb 22, 2021 | $0.022 | OrdinaryDividend |
Jan 21, 2021 | $0.018 | OrdinaryDividend |
Dec 23, 2020 | $0.022 | OrdinaryDividend |
Nov 25, 2020 | $0.019 | OrdinaryDividend |
Oct 28, 2020 | $0.024 | OrdinaryDividend |
Sep 24, 2020 | $0.019 | OrdinaryDividend |
Aug 26, 2020 | $0.028 | OrdinaryDividend |
Jul 24, 2020 | $0.019 | OrdinaryDividend |
Jun 25, 2020 | $0.025 | OrdinaryDividend |
May 21, 2020 | $0.019 | OrdinaryDividend |
Apr 24, 2020 | $0.024 | OrdinaryDividend |
Mar 26, 2020 | $0.023 | OrdinaryDividend |
Feb 26, 2020 | $0.023 | OrdinaryDividend |
Jan 24, 2020 | $0.022 | OrdinaryDividend |
Dec 24, 2019 | $0.024 | OrdinaryDividend |
Nov 26, 2019 | $0.023 | OrdinaryDividend |
Oct 25, 2019 | $0.024 | OrdinaryDividend |
Sep 26, 2019 | $0.024 | OrdinaryDividend |
Aug 28, 2019 | $0.016 | OrdinaryDividend |
Jul 26, 2019 | $0.024 | OrdinaryDividend |
Jun 26, 2019 | $0.022 | OrdinaryDividend |
May 24, 2019 | $0.024 | OrdinaryDividend |
Apr 26, 2019 | $0.027 | OrdinaryDividend |
Mar 27, 2019 | $0.023 | OrdinaryDividend |
Feb 26, 2019 | $0.022 | OrdinaryDividend |
Jan 25, 2019 | $0.021 | OrdinaryDividend |
Dec 27, 2018 | $0.026 | OrdinaryDividend |
Nov 28, 2018 | $0.027 | OrdinaryDividend |
Oct 26, 2018 | $0.025 | OrdinaryDividend |
Aug 29, 2018 | $0.039 | OrdinaryDividend |
Jul 26, 2018 | $0.026 | OrdinaryDividend |
Jun 27, 2018 | $0.028 | OrdinaryDividend |
May 25, 2018 | $0.030 | OrdinaryDividend |
Apr 25, 2018 | $0.027 | OrdinaryDividend |
Mar 27, 2018 | $0.027 | OrdinaryDividend |
Feb 26, 2018 | $0.025 | OrdinaryDividend |
Jan 26, 2018 | $0.027 | OrdinaryDividend |
Dec 27, 2017 | $0.025 | OrdinaryDividend |
Nov 28, 2017 | $0.025 | OrdinaryDividend |
Oct 27, 2017 | $0.027 | OrdinaryDividend |
Sep 27, 2017 | $0.027 | OrdinaryDividend |
Aug 29, 2017 | $0.025 | OrdinaryDividend |
Jul 27, 2017 | $0.016 | OrdinaryDividend |
Jun 28, 2017 | $0.030 | OrdinaryDividend |
May 26, 2017 | $0.031 | OrdinaryDividend |
Apr 26, 2017 | $0.031 | OrdinaryDividend |
Mar 29, 2017 | $0.037 | OrdinaryDividend |
Feb 24, 2017 | $0.027 | OrdinaryDividend |
Jan 27, 2017 | $0.028 | OrdinaryDividend |
Dec 29, 2016 | $0.037 | OrdinaryDividend |
Nov 29, 2016 | $0.030 | OrdinaryDividend |
Oct 28, 2016 | $0.034 | OrdinaryDividend |
Sep 29, 2016 | $0.029 | OrdinaryDividend |
Aug 26, 2016 | $0.029 | OrdinaryDividend |
Jul 28, 2016 | $0.031 | OrdinaryDividend |
Jun 29, 2016 | $0.030 | OrdinaryDividend |
May 27, 2016 | $0.028 | OrdinaryDividend |
Apr 28, 2016 | $0.029 | OrdinaryDividend |
Mar 30, 2016 | $0.030 | OrdinaryDividend |
Feb 26, 2016 | $0.029 | OrdinaryDividend |
Jan 28, 2016 | $0.025 | OrdinaryDividend |
Dec 30, 2015 | $0.029 | OrdinaryDividend |
Nov 25, 2015 | $0.031 | OrdinaryDividend |
Oct 29, 2015 | $0.031 | OrdinaryDividend |
Sep 29, 2015 | $0.029 | OrdinaryDividend |
Aug 28, 2015 | $0.026 | OrdinaryDividend |
Jul 30, 2015 | $0.025 | OrdinaryDividend |
Jun 29, 2015 | $0.023 | OrdinaryDividend |
May 28, 2015 | $0.024 | OrdinaryDividend |
Apr 29, 2015 | $0.024 | OrdinaryDividend |
Mar 30, 2015 | $0.024 | OrdinaryDividend |
MUCRX - Fund Manager Analysis
Managers
Edward Goard
Start Date
Tenure
Tenure Rank
Oct 31, 2009
12.59
12.6%
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
Oct 26, 2012
9.6
9.6%
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
Oct 26, 2012
9.6
9.6%
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 | 33.43 | 6.82 | 1.16 |