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Trending ETFs

Name

As of 10/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.54

$2.85 B

1.71%

$0.15

1.08%

Vitals

YTD Return

6.2%

1 yr return

15.6%

3 Yr Avg Return

8.3%

5 Yr Avg Return

6.4%

Net Assets

$2.85 B

Holdings in Top 10

6.3%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.54

$2.85 B

1.71%

$0.15

1.08%

CBHIX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Victory Market Neutral Income Fund
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Nov 09, 2015
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • 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.
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CBHIX - Performance

Return Ranking - Trailing

Period CBHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -11.6% 15.8% 82.00%
1 Yr 15.6% -33.0% 41.7% 52.43%
3 Yr 8.3%* -10.5% 13.4% 40.82%
5 Yr 6.4%* -4.8% 11.1% 33.73%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period CBHIX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.0% -31.7% 23.2% 48.98%
2021 0.1% -20.7% 10.7% 54.64%
2020 -0.4% -12.4% 14.7% 38.89%
2019 -0.3% -13.2% 12.9% 15.19%
2018 -0.1% -11.7% 7.9% 55.71%

Total Return Ranking - Trailing

Period CBHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -11.7% 15.8% 83.00%
1 Yr 15.6% -33.0% 41.7% 46.60%
3 Yr 8.3%* -10.5% 13.4% 37.76%
5 Yr 6.4%* -4.8% 11.1% 32.53%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CBHIX Return Category Return Low Category Return High Rank in Category (%)
2022 6.2% -31.7% 23.2% 48.98%
2021 6.7% -20.7% 10.7% 54.64%
2020 10.3% -12.4% 14.7% 20.00%
2019 2.8% -12.7% 12.9% 8.86%
2018 2.2% -11.5% 13.2% 28.57%

NAV & Total Return History


CBHIX - Holdings

Concentration Analysis

CBHIX Category Low Category High CBHIX % Rank
Net Assets 2.85 B 105 K 12.6 B 19.23%
Number of Holdings 437 5 2526 30.77%
Net Assets in Top 10 182 M -619 M 6.53 B 98.08%
Weighting of Top 10 6.31% 7.6% 96.1% 32.18%

Top 10 Holdings

  1. NASDAQ 100 E MINI FUTURE SEP23 1.91%
  2. QUANTA COMPUTER INC 0.82%
  3. SOFTBANK CORP 0.49%
  4. BB SEGURIDADE PARTICIPACOES SA 0.47%
  5. BANK OF CHINA LTD 0.45%
  6. COMPAL ELECTRONICS INC 0.44%
  7. JOHNSON JOHNSON 0.44%
  8. NEWMARKET CORP 0.43%
  9. GRUPO FINANCIERO BANORTE SAB DE CV 0.43%
  10. AGRICULTURAL BANK OF CHINA LTD 0.43%

Asset Allocation

Weighting Return Low Return High CBHIX % Rank
Stocks
90.58% -57.09% 325.56% 58.65%
Cash
10.03% -225.56% 102.75% 21.15%
Preferred Stocks
0.00% 0.00% 5.67% 53.85%
Convertible Bonds
0.00% 0.00% 95.47% 64.42%
Bonds
0.00% -1.04% 63.30% 63.46%
Other
-0.61% -11.90% 43.69% 57.69%

Stock Sector Breakdown

Weighting Return Low Return High CBHIX % Rank
Technology
19.63% 0.00% 100.00% 34.41%
Financial Services
16.01% 0.00% 98.37% 36.56%
Communication Services
12.88% 0.00% 33.72% 3.23%
Utilities
10.56% 0.00% 66.28% 4.30%
Consumer Cyclical
10.22% 0.00% 29.06% 44.09%
Consumer Defense
8.42% 0.00% 30.58% 11.83%
Industrials
6.80% 0.00% 27.58% 68.82%
Healthcare
5.41% 0.00% 27.28% 70.97%
Basic Materials
5.16% 0.00% 42.74% 34.41%
Energy
4.00% 0.00% 53.30% 41.94%
Real Estate
0.90% 0.00% 93.91% 48.39%

Stock Geographic Breakdown

Weighting Return Low Return High CBHIX % Rank
Non US
46.03% -7.09% 86.98% 2.88%
US
44.54% -55.82% 325.56% 90.38%

CBHIX - Expenses

Operational Fees

CBHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.73% 9.52% 94.17%
Management Fee 0.35% 0.13% 1.65% 5.77%
12b-1 Fee 0.00% 0.00% 1.00% 8.47%
Administrative Fee N/A 0.06% 0.40% 55.56%

Sales Fees

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

Trading Fees

CBHIX 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.

CBHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 30.00% 483.00% 29.21%

CBHIX - Distributions

Dividend Yield Analysis

CBHIX Category Low Category High CBHIX % Rank
Dividend Yield 1.71% 0.00% 0.75% 35.58%

Dividend Distribution Analysis

CBHIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Annually

Net Income Ratio Analysis

CBHIX Category Low Category High CBHIX % Rank
Net Income Ratio 3.37% -2.49% 4.20% 3.88%

Capital Gain Distribution Analysis

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

Distributions History

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CBHIX - 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