GUBFX: Victory INCORE Investment Quality Bond VIP Series - MutualFunds.com
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Guardian Bond Shs

GUBFX - Snapshot

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $631 M
  • Holdings in Top 10 27.2%

52 WEEK LOW AND HIGH

$13.04
$12.74
$13.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare GUBFX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$85.60

-0.26%

$306.68 B

2.03%

$1.74

-2.94%

0.04%

$11.29

-0.18%

$306.68 B

-

$0.00

-2.84%

0.15%

$11.13

-0.27%

$246.77 B

1.94%

$0.22

-2.88%

0.09%

$10.96

-0.27%

$88.28 B

1.20%

$0.13

-1.97%

0.67%

$114.94

-0.25%

$88.12 B

1.95%

$2.24

-2.71%

0.04%

GUBFX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Victory INCORE Investment Quality Bond VIP Series
  • Fund Family Name
    Victory
  • Inception Date
    Apr 29, 1983
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Goard

Fund Description

The fund invests at least 80% of its assets in investment-grade debt securities. The fund's debt securities may include without limitation: convertible bonds, U.S. government securities, including securities issued by agencies or instrumentalities of the U.S. government; long- and short-term corporate debt obligations; mortgage-backed securities, including CMOs and CMBS; asset-backed securities, including CDOs and CLOs; convertible bonds and notes; and U.S. dollar-denominated obligations of foreign governments, corporations and banks.


GUBFX - Performance

Return Ranking - Trailing

Period GUBFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -9.0% 1371.7% 14.81%
1 Yr 2.1% -2.4% 25.5% 53.61%
3 Yr 5.0%* 0.9% 10.0% 62.64%
5 Yr 3.5%* 1.1% 8.0% 55.91%
10 Yr 3.6%* 1.1% 8.1% 46.34%

* Annualized

Return Ranking - Calendar

Period GUBFX Return Category Return Low Category Return High Rank in Category (%)
2020 5.2% -10.1% 1027.9% 27.22%
2019 4.7% -2.6% 23.0% 73.19%
2018 -1.1% -12.9% 2.7% 2.65%
2017 1.7% -49.5% 14.3% 28.99%
2016 N/A -49.3% 192.8% N/A

Total Return Ranking - Trailing

Period GUBFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -9.0% 95.0% 14.91%
1 Yr 2.1% -6.1% 25.5% 44.63%
3 Yr 5.0%* 0.9% 10.0% 54.61%
5 Yr 3.5%* 0.9% 8.0% 50.85%
10 Yr 3.6%* 1.1% 8.1% 42.77%

* Annualized

Total Return Ranking - Calendar

Period GUBFX Return Category Return Low Category Return High Rank in Category (%)
2020 5.2% -10.1% 1027.9% 27.22%
2019 4.7% -2.6% 23.0% 75.64%
2018 -0.4% -12.9% 3.9% 8.93%
2017 4.2% -6.0% 17.4% 10.77%
2016 N/A -5.7% 204.3% N/A

NAV & Total Return History


GUBFX - Holdings

Concentration Analysis

GUBFX Category Low Category High GUBFX % Rank
Net Assets 631 M 3.17 M 307 B 61.20%
Number of Holdings 299 1 18596 77.56%
Net Assets in Top 10 50 M -1.15 B 43.2 B 79.50%
Weighting of Top 10 27.23% 3.4% 100.0% 43.70%

Top 10 Holdings

  1. Us Ultra Bond Fut Sep20 8.42%
  2. Us Ultra Bond Fut Sep20 8.42%
  3. Us Ultra Bond Fut Sep20 8.42%
  4. Us Ultra Bond Fut Sep20 8.42%
  5. Us Ultra Bond Fut Sep20 8.42%
  6. Us Ultra Bond Fut Sep20 8.42%
  7. Us Ultra Bond Fut Sep20 8.42%
  8. Us Ultra Bond Fut Sep20 8.42%
  9. Us Ultra Bond Fut Sep20 8.42%
  10. Us Ultra Bond Fut Sep20 8.42%

Asset Allocation

Weighting Return Low Return High GUBFX % Rank
Bonds
94.23% -49.43% 176.88% 53.65%
Convertible Bonds
2.68% 0.00% 20.83% 10.99%
Stocks
1.11% -0.28% 30.64% 2.12%
Preferred Stocks
1.01% 0.00% 86.98% 7.11%
Cash
0.96% -86.81% 162.46% 73.41%
Other
0.00% -16.32% 18.62% 60.66%

Stock Sector Breakdown

Weighting Return Low Return High GUBFX % Rank
Utilities
77.45% 0.00% 100.00% 9.96%
Industrials
22.55% 0.00% 35.38% 5.69%
Technology
0.00% 0.00% 51.64% 62.63%
Real Estate
0.00% 0.00% 100.00% 64.77%
Healthcare
0.00% 0.00% 60.00% 66.90%
Financial Services
0.00% 0.00% 100.00% 71.89%
Energy
0.00% 0.00% 100.00% 76.87%
Communication Services
0.00% 0.00% 100.00% 75.09%
Consumer Defense
0.00% 0.00% 99.53% 62.99%
Consumer Cyclical
0.00% 0.00% 100.00% 66.19%
Basic Materials
0.00% 0.00% 100.00% 66.55%

Stock Geographic Breakdown

Weighting Return Low Return High GUBFX % Rank
US
1.11% -0.16% 30.20% 2.12%
Non US
0.00% -0.28% 3.29% 62.79%

Bond Sector Breakdown

Weighting Return Low Return High GUBFX % Rank
Corporate
60.76% 0.00% 100.00% 3.42%
Securitized
27.84% 0.00% 98.63% 56.69%
Government
9.52% 0.00% 74.17% 83.66%
Cash & Equivalents
1.88% 0.00% 85.08% 81.72%
Derivative
0.00% 0.00% 25.69% 74.15%
Municipal
0.00% 0.00% 100.00% 89.10%

Bond Geographic Breakdown

Weighting Return Low Return High GUBFX % Rank
US
83.43% -49.69% 245.19% 51.06%
Non US
10.80% -108.35% 38.91% 44.04%

GUBFX - Expenses

Operational Fees

GUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 19.93% 46.53%
Management Fee 0.50% 0.00% 0.85% 88.34%
12b-1 Fee 0.00% 0.00% 1.00% 11.13%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

GUBFX 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% 5.50% N/A

Trading Fees

GUBFX 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.

GUBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 496.00% 33.37%

GUBFX - Distributions

Dividend Yield Analysis

GUBFX Category Low Category High GUBFX % Rank
Dividend Yield 0.00% 0.00% 2.58% 62.12%

Dividend Distribution Analysis

GUBFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

GUBFX Category Low Category High GUBFX % Rank
Net Income Ratio 1.94% -0.39% 11.28% 61.43%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

GUBFX - Fund Manager Analysis

Managers

Edward Goard


Start Date

Tenure

Tenure Rank

Jul 29, 2016

4.84

4.8%

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.

Richard Consul


Start Date

Tenure

Tenure Rank

Jul 29, 2016

4.84

4.8%

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.

James Kelts


Start Date

Tenure

Tenure Rank

Jul 29, 2016

4.84

4.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 32.43 6.77 0.16