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IPFIX Victory INCORE Fund for Income A

  • Fund
  • IPFIX
  • Price as of: Apr 24, 2019
  • $8.59 + $0.01 + 0.12%
  • Category
  • Total Bond Market

IPFIX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return -4.5%
  • 5 Yr Annualized Return -3.8%
  • Net Assets $645 M
  • Holdings in Top 10 33.5%

52 WEEK LOW AND HIGH

$8.59
$8.55
$8.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short Government

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Victory INCORE Fund for Income
  • Fund Family Name Victory
  • Inception Date Mar 26, 1999
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States

IPFIX - Performance

Return Ranking - Trailing

Period IPFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.3% 12.0% 98.08%
1 Yr -1.9% -12.9% 4.0% 91.95%
3 Yr -4.5%* -4.6% 43.3% 99.86%
5 Yr -3.8%* -7.2% 23.2% 99.21%
10 Yr -2.9%* -7.4% 15.9% 99.64%

* Annualized


Return Ranking - Calendar

Period IPFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.5% -22.2% 3.1% 75.97%
2017 -4.6% -5.1% 25.1% 99.80%
2016 -4.1% -8.5% 192.8% 99.86%
2015 -3.4% -33.0% 3.0% 66.46%
2014 -2.4% -29.8% 32.1% 92.67%

Total Return Ranking - Trailing

Period IPFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.3% 12.0% 85.75%
1 Yr 2.3% -12.9% 7.8% 31.01%
3 Yr 0.3%* -4.6% 48.9% 37.47%
5 Yr 1.1%* -7.2% 28.4% 19.80%
10 Yr 2.2%* -7.4% 18.9% 29.24%

* Annualized


Total Return Ranking - Calendar

Period IPFIX Return Category Return Low Category Return High Rank in Category (%)
2018 0.5% -22.2% 7.9% 4.97%
2017 0.4% -4.6% 25.1% 72.56%
2016 0.9% -4.1% 204.3% 52.92%
2015 1.4% -32.4% 4.2% 2.68%
2014 2.3% -29.8% 32.1% 40.44%

NAV & Total Return History

IPFIX - Holdings

Concentration Analysis

IPFIX Category Low Category High IPFIX % Rank
Net Assets 645 M 330 K 216 B 60.79%
Number of Holdings 325 3 17324 67.73%
Net Assets in Top 10 218 M -898 M 29.3 B 50.56%
Weighting of Top 10 33.53% 3.4% 1616.9% 38.04%

Top 10 Holdings

  1. United States Treasury Bonds 8.5% 8.15%

  2. Government National Mortgage Association 6.5% 4.53%

  3. Government National Mortgage Association 7% 2.99%

  4. Government National Mortgage Association 6.5% 2.97%

  5. Government National Mortgage Association 7% 2.90%

  6. Government National Mortgage Association 7% 2.67%

  7. Government National Mortgage Association 7.5% 2.62%

  8. Government National Mortgage Association 6.5% 2.30%

  9. Government National Mortgage Association 7.92% 2.27%

  10. Government National Mortgage Association 6.5% 2.15%


Asset Allocation

Weighting Return Low Return High IPFIX % Rank
Bonds
97.09% -367.37% 611.62% 34.26%
Cash
2.91% -517.20% 476.88% 54.01%
Stocks
0.00% -0.99% 97.03% 67.20%
Preferred Stocks
0.00% -0.17% 22.15% 72.23%
Other
0.00% -147.36% 19.81% 72.70%
Convertible Bonds
0.00% 0.00% 28.21% 89.07%

Bond Sector Breakdown

Weighting Return Low Return High IPFIX % Rank
Securitized
88.94% 0.00% 107.24% 2.25%
Government
8.15% -218.14% 459.02% 75.41%
Cash & Equivalents
2.91% -790.54% 478.04% 52.29%
Derivative
0.00% -196.76% 272.90% 56.26%
Corporate
0.00% 0.00% 118.10% 99.01%
Municipal
0.00% 0.00% 102.07% 83.37%

Bond Geographic Breakdown

Weighting Return Low Return High IPFIX % Rank
US
97.09% -346.74% 445.61% 10.74%
Non US
0.00% -108.37% 166.01% 95.83%

IPFIX - Expenses

Operational Fees

IPFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.00% 38.42% 43.34%
Management Fee 0.48% 0.00% 2.15% 69.80%
12b-1 Fee 0.25% 0.00% 1.00% 41.15%
Administrative Fee 0.11% 0.00% 0.63% 64.53%

Sales Fees

IPFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 0.50% 5.75% 91.11%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

IPFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover 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.

IPFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 2337.00% 10.80%

IPFIX - Distributions

Dividend Yield Analysis

IPFIX Category Low Category High IPFIX % Rank
Dividend Yield 0.05% 0.00% 0.64% 16.62%

Dividend Distribution Analysis

IPFIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

IPFIX Category Low Category High IPFIX % Rank
Net Income Ratio 4.22% -1.04% 7.22% 4.44%

Capital Gain Distribution Analysis

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

IPFIX - Managers

Tenure Analysis

Category Low

0.0

Category High

30.26

Category Average

6.97

Category Mode

6.87