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Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Victory Market Neutral Income Fund

CBHAX | Fund

$8.41

$4.68 B

2.01%

$0.17

0.75%

Vitals

YTD Return

1.7%

1 yr return

-11.8%

3 Yr Avg Return

-4.7%

5 Yr Avg Return

-2.6%

Net Assets

$4.68 B

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$8.4
$8.24
$9.48

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Victory Market Neutral Income Fund

CBHAX | Fund

$8.41

$4.68 B

2.01%

$0.17

0.75%

CBHAX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -4.7%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.03%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Victory Market Neutral Income Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Nov 19, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mannik Dhillon

Fund Description

The Fund pursues its investment objective by implementing a proprietary, “market neutral” investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets.The Fund uses a multi-strategy approach. First, it seeks income from long positions in foreign and domestic dividend producing equity securities of any market capitalization size. Second, the Fund seeks to offset market risk by selling short high-correlating equity index futures contracts, such as the S&P 500® Index, Russell 2000® or MSCI EAFE + Emerging Markets Indexes, or exchange-traded funds (“ETFs”) that track such indexes.The Fund seeks to offset the remaining market risk by investing in long futures positions in the Nasdaq-100 Index and short futures positions in the S&P 500® Index, or use similar strategies the Adviser deems appropriate and necessary under current market conditions.
Read More

CBHAX - Performance

Return Ranking - Trailing

Period CBHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.6% 15.8% 84.00%
1 Yr -11.8% -33.0% 41.7% 58.25%
3 Yr -4.7%* -10.5% 13.4% 44.90%
5 Yr -2.6%* -4.8% 11.1% 39.76%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period CBHAX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.2% -31.7% 23.2% 50.00%
2021 0.0% -20.7% 10.7% 56.70%
2020 -0.1% -12.4% 14.7% 40.00%
2019 -0.1% -13.2% 12.9% 13.92%
2018 0.0% -11.7% 7.9% 54.29%

Total Return Ranking - Trailing

Period CBHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.7% 15.8% 85.00%
1 Yr -11.8% -33.0% 41.7% 72.82%
3 Yr -4.7%* -10.5% 13.4% 63.27%
5 Yr -2.3%* -4.8% 11.1% 56.63%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CBHAX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.2% -31.7% 23.2% 50.00%
2021 0.0% -20.7% 10.7% 56.70%
2020 -0.1% -12.4% 14.7% 26.67%
2019 -0.1% -12.7% 12.9% 12.66%
2018 0.4% -11.5% 13.2% 34.29%

NAV & Total Return History

CBHAX - Holdings

Concentration Analysis

CBHAX Category Low Category High CBHAX % Rank
Net Assets 4.68 B 105 K 12.6 B 20.19%
Number of Holdings 407 5 2526 31.73%
Net Assets in Top 10 -754 M -619 M 6.53 B 99.04%
Weighting of Top 10 N/A 7.6% 96.1% 31.03%

Top 10 Holdings

  1. Future on S&P 500 Jun21 88.15%
  2. Future on S&P 500 Jun21 88.15%
  3. Future on S&P 500 Jun21 88.15%
  4. Future on S&P 500 Jun21 88.15%
  5. Future on S&P 500 Jun21 88.15%
  6. Future on S&P 500 Jun21 88.15%
  7. Future on S&P 500 Jun21 88.15%
  8. Future on S&P 500 Jun21 88.15%
  9. Future on S&P 500 Jun21 88.15%
  10. Future on S&P 500 Jun21 88.15%

Asset Allocation

Weighting Return Low Return High CBHAX % Rank
Cash 		78.05% -225.56% 102.75% 22.12%
Stocks 		21.95% -57.09% 325.56% 59.62%
Preferred Stocks 		0.00% 0.00% 5.67% 54.81%
Other 		0.00% -11.90% 43.69% 58.65%
Convertible Bonds 		0.00% 0.00% 95.47% 65.38%
Bonds 		0.00% -1.04% 63.30% 64.42%

Stock Sector Breakdown

Weighting Return Low Return High CBHAX % Rank
Technology 		19.63% 0.00% 100.00% 35.48%
Financial Services 		16.01% 0.00% 98.37% 37.63%
Communication Services 		12.88% 0.00% 33.72% 4.30%
Utilities 		10.56% 0.00% 66.28% 5.38%
Consumer Cyclical 		10.22% 0.00% 29.06% 45.16%
Consumer Defense 		8.42% 0.00% 30.58% 12.90%
Industrials 		6.80% 0.00% 27.58% 69.89%
Healthcare 		5.41% 0.00% 27.28% 72.04%
Basic Materials 		5.16% 0.00% 42.74% 35.48%
Energy 		4.00% 0.00% 53.30% 43.01%
Real Estate 		0.90% 0.00% 93.91% 49.46%

Stock Geographic Breakdown

Weighting Return Low Return High CBHAX % Rank
Non US 		13.00% -7.09% 86.98% 3.85%
US 		8.95% -55.82% 325.56% 91.35%

CBHAX - Expenses

Operational Fees

CBHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.73% 9.52% 89.32%
Management Fee 0.35% 0.13% 1.65% 6.73%
12b-1 Fee 0.25% 0.00% 1.00% 42.37%
Administrative Fee N/A 0.06% 0.40% 61.11%

Sales Fees

CBHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.75% 5.75% 11.11%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CBHAX 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.

CBHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 30.00% 483.00% 30.34%

CBHAX - Distributions

Dividend Yield Analysis

CBHAX Category Low Category High CBHAX % Rank
Dividend Yield 2.01% 0.00% 0.75% 36.54%

Dividend Distribution Analysis

CBHAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

CBHAX Category Low Category High CBHAX % Rank
Net Income Ratio 3.03% -2.49% 4.20% 4.85%

Capital Gain Distribution Analysis

CBHAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CBHAX - Fund Manager Analysis

Managers

Mannik Dhillon

Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42

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