GUHYX: Victory High Yield A

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GUHYX Victory High Yield A


Profile

GUHYX - Profile

Vitals

  • YTD Return -7.7%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $213 M
  • Holdings in Top 10 14.1%

52 WEEK LOW AND HIGH

$6.21
$5.32
$6.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -7.7%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.70%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Victory High Yield Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Sep 01, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Booth

Fund Description

The fund invests primarily in securities, including high-yield corporate bonds, convertible bonds, and other debt securities, that are rated below investment grade by nationally recognized statistical ratings organizations at the time of purchase or, if unrated, have been determined by Park Avenue Institutional Advisers LLC, the fund's sub-adviser, to be of comparable quality. It normally invests at least 80% of its assets in debt securities and other investments that, at the time of purchase, are rated below investment grade.


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Categories

Performance

GUHYX - Performance

Return Ranking - Trailing

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.7% -19.7% 6.2% 76.24%
1 Yr -5.6% -18.8% 9.2% 54.30%
3 Yr -1.3%* -9.6% 1.7% 7.32%
5 Yr N/A* -6.2% 1.2% 0.52%
10 Yr N/A* -4.1% 1.3% 8.30%

* Annualized

Return Ranking - Calendar

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
2019 8.5% 0.7% 12.6% 36.90%
2018 -5.6% -14.2% -1.8% 12.97%
2017 3.6% -5.7% 4.9% 1.32%
2016 N/A 1.1% 13.4% N/A
2015 N/A -20.6% 1.0% N/A

Total Return Ranking - Trailing

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.7% -19.7% 6.2% 76.24%
1 Yr -5.6% -18.8% 9.2% 54.30%
3 Yr -1.3%* -9.6% 4.0% 27.32%
5 Yr N/A* -6.2% 3.7% 1.84%
10 Yr N/A* -4.1% 6.4% 10.67%

* Annualized

Total Return Ranking - Calendar

Period GUHYX Return Category Return Low Category Return High Rank in Category (%)
2019 8.5% 0.7% 12.6% 41.23%
2018 -5.6% -14.2% 0.4% 30.19%
2017 3.6% -5.1% 9.3% 21.90%
2016 N/A 1.1% 20.7% N/A
2015 N/A -20.6% 1.0% N/A

NAV & Total Return History


Holdings

GUHYX - Holdings

Concentration Analysis

GUHYX Category Low Category High GUHYX % Rank
Net Assets 213 M 251 K 25.6 B 69.42%
Number of Holdings 105 3 1596 91.74%
Net Assets in Top 10 20.1 M -362 M 2.13 B 75.00%
Weighting of Top 10 14.08% 4.1% 98.9% 29.02%

Top 10 Holdings

  1. Cumulus Media New Holdings Inc 6.75% 1.56%
  2. Meredith Corp 6.88% 1.54%
  3. Panther BF Aggregator 2 LP / Panther Finance Company Inc 8.5% 1.53%
  4. Gray Escrow Inc 7% 1.39%
  5. XPO Logistics, Inc. 6.75% 1.37%
  6. AMC Networks Inc 4.75% 1.36%
  7. Telesat Canada /Telesat LLC 6.5% 1.36%
  8. LifePoint Health, Inc 9.75% 1.34%
  9. Greif, Inc. 6.5% 1.34%
  10. Aramark Services, Inc. 5% 1.30%

Asset Allocation

Weighting Return Low Return High GUHYX % Rank
Bonds
93.43% 80.46% 148.76% 56.25%
Cash
6.10% -49.31% 19.40% 26.12%
Stocks
0.47% 0.00% 8.60% 35.04%
Preferred Stocks
0.00% 0.00% 5.25% 64.73%
Other
0.00% -4.83% 41.18% 56.92%
Convertible Bonds
0.00% 0.00% 6.42% 79.24%

Stock Sector Breakdown

Weighting Return Low Return High GUHYX % Rank
Communication Services
100.00% 0.00% 100.00% 2.53%
Utilities
0.00% 0.00% 100.00% 57.76%
Technology
0.00% 0.00% 43.86% 53.79%
Real Estate
0.00% 0.00% 75.20% 45.85%
Industrials
0.00% 0.00% 100.00% 71.48%
Healthcare
0.00% 0.00% 100.00% 63.54%
Financial Services
0.00% 0.00% 100.00% 54.87%
Energy
0.00% 0.00% 100.00% 74.73%
Consumer Defense
0.00% 0.00% 23.29% 41.52%
Consumer Cyclical
0.00% 0.00% 100.00% 58.84%
Basic Materials
0.00% 0.00% 100.00% 52.71%

Stock Geographic Breakdown

Weighting Return Low Return High GUHYX % Rank
US
0.47% 0.00% 8.60% 34.38%
Non US
0.00% 0.00% 0.94% 52.23%

Bond Sector Breakdown

Weighting Return Low Return High GUHYX % Rank
Corporate
93.87% 58.22% 100.00% 57.59%
Cash & Equivalents
6.13% 0.00% 32.30% 28.79%
Derivative
0.00% 0.00% 7.46% 47.32%
Securitized
0.00% 0.00% 11.23% 60.49%
Municipal
0.00% 0.00% 0.60% 41.74%
Government
0.00% 0.00% 21.25% 60.27%

Bond Geographic Breakdown

Weighting Return Low Return High GUHYX % Rank
US
85.62% 65.89% 127.59% 12.05%
Non US
7.81% 0.17% 29.53% 90.40%

Expenses

GUHYX - Expenses

Operational Fees

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.13% 20.17% 41.53%
Management Fee 0.60% 0.00% 1.10% 64.49%
12b-1 Fee 0.25% 0.00% 1.00% 31.52%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 2.00% 5.75% 95.06%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GUHYX 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.

GUHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 16.00% 216.00% 88.24%

Distributions

GUHYX - Distributions

Dividend Yield Analysis

GUHYX Category Low Category High GUHYX % Rank
Dividend Yield 0.49% 0.00% 2.43% 1.79%

Dividend Distribution Analysis

GUHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GUHYX Category Low Category High GUHYX % Rank
Net Income Ratio 5.70% 2.13% 9.34% 21.57%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GUHYX - Fund Manager Analysis

Managers

Kevin Booth


Start Date

Tenure

Tenure Rank

Nov 30, 2009

10.59

10.6%

Kevin Booth has been a co-portfolio manager. Kevin has been a managing director of Guardian Life since November 2009. Within the high yield and corporate loan portfolio management team, he is responsible for issuer and security selection for the Fund, as well as industry allocations. Prior to joining Guardian Life, Kevin was a managing director at BlackRock/Merrill Lynch Investment Managers, and was co-head of BlackRock’s leveraged finance business through January 2009, specializing in portfolios consisting of leveraged bank loans, high yield bonds, and distressed obligations. He joined Merrill Lynch Investment Managers in 1991. Kevin holds a B.A. in Economics from Harpur College, SUNY Binghamton, and an M.B.A. in Finance, from New York University. Kevin is a CFA Charterholder.

Paul Gillin


Start Date

Tenure

Tenure Rank

May 01, 2014

6.17

6.2%

Paul Gillin is a senior director and co-head of the high yield and loan portfolio management group at Guardian Life. Prior to joining Guardian in 2012, Mr. Gillin spent 13 years as a partner and high yield portfolio manager at Rogge Global Partners and its predecessor companies. Before that, he was vice president and portfolio manager with Saudi International Bank, where he participated in the initial development and management of collateralized bond obligation, collateralized loan obligation and leveraged high yield hedge fund products. Mr. Gillin also spent seven years as a managing director and portfolio manager at AIG Investment Advisers. Mr. Gillin is a CFA charterholder.

John Blaney


Start Date

Tenure

Tenure Rank

May 01, 2015

5.17

5.2%

John Blaney is a Senior Director and has been with Guardian Life since 2000. He has focused on corporate credit since 2003, and he has a particular expertise in bank loan and high yield bond analysis. Prior to 2003, he was a structured products analyst and trader. He also helps manage the fixed-income assets of Guardian Life. Prior to joining Guardian Life, John spent three years as an investment analyst at MetLife. John holds a B.S. in finance from Trenton State College and an M.B.A. from Seton Hall University. He has a Chartered Financial Analyst (CFA) designation, and he is a member of the CFA Institute and the New York Society of Security Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.88 6.82 1.5