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RSFCX Victory Floating Rate C

  • Fund
  • RSFCX
  • Price as of: Sep 16, 2019
  • $9.36 - $0.00 - 0.00%

RSFCX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $581 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$9.36
$9.13
$9.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.90%

SALES FEES

  • Front Load 2.00%
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.60%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Victory Floating Rate Fund
  • Fund Family Name Victory
  • Inception Date Dec 31, 2009
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Booth

Fund Description

The fund normally invests at least 80% of its assets in floating rate loans and other floating rate investments. Park Avenue Institutional Advisers LLC, the fund's sub-adviser, expects that most or all of the investments held by the fund will typically be below investment grade. It may invest up to 100% of its assets in obligations of foreign issuers, including sovereign and private issuers. The fund may enter into foreign currency exchange transactions in order to hedge against adverse changes in the values of currencies in which those obligations are denominated.

RSFCX - Performance

Return Ranking - Trailing

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.3% 3.9% 61.13%
1 Yr -2.4% -6.2% 0.2% 53.91%
3 Yr -0.9%* -1.9% 1.7% 71.98%
5 Yr N/A* -17.3% -0.1% N/A
10 Yr N/A* -9.1% 1.0% N/A

* Annualized


Return Ranking - Calendar

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.9% -6.4% 0.1% 63.79%
2017 -1.1% -2.7% 2.5% 87.32%
2016 N/A -0.4% 7.9% N/A
2015 N/A -10.4% -0.8% N/A
2014 N/A -60.1% 0.2% N/A

Total Return Ranking - Trailing

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.3% 4.3% 62.75%
1 Yr -2.4% -6.2% 1.8% 67.08%
3 Yr -0.9%* -1.8% 5.0% 79.23%
5 Yr N/A* -17.3% 3.0% N/A
10 Yr N/A* -9.1% 3.8% N/A

* Annualized


Total Return Ranking - Calendar

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.9% -6.4% 2.5% 73.71%
2017 -1.1% -1.6% 7.2% 89.67%
2016 N/A -0.1% 11.5% N/A
2015 N/A -8.8% 1.6% N/A
2014 N/A -60.1% 2.4% N/A

NAV & Total Return History

RSFCX - Holdings

Concentration Analysis

RSFCX Category Low Category High RSFCX % Rank
Net Assets 581 M 11.4 M 10.4 B 61.60%
Number of Holdings 115 28 1133 93.70%
Net Assets in Top 10 82.3 M -308 K 1.48 B 57.87%
Weighting of Top 10 13.90% 5.3% 83.9% 30.71%

Top 10 Holdings

  1. Bass Pro Group, Llc 1.51%

  2. Usi 1.46%

  3. Brand Energy & Infrastru 1.44%

  4. Infor(Us)inc. 1.43%

  5. Sprint Communications Inc 1.42%

  6. Tribune Media 1.36%

  7. Amneal Pharma 1.33%

  8. Lbm Borrower, Llc 1.32%

  9. American Axle 1.32%

  10. Amwins Group Llc 1.31%


Asset Allocation

Weighting Return Low Return High RSFCX % Rank
Bonds
95.87% 86.62% 101.89% 38.98%
Cash
4.13% -2.10% 12.30% 54.33%
Stocks
0.00% 0.00% 4.07% 99.21%
Preferred Stocks
0.00% 0.00% 0.67% 97.24%
Other
0.00% -5.62% 8.69% 91.73%
Convertible Bonds
0.00% 0.00% 1.99% 97.24%

Bond Sector Breakdown

Weighting Return Low Return High RSFCX % Rank
Corporate
95.87% 0.00% 99.91% 21.65%
Cash & Equivalents
4.13% -2.10% 12.30% 54.33%
Derivative
0.00% -0.04% 1.89% 90.94%
Securitized
0.00% 0.00% 98.61% 98.43%
Municipal
0.00% 0.00% 96.42% 97.24%
Government
0.00% -13.14% 8.57% 96.06%

Bond Geographic Breakdown

Weighting Return Low Return High RSFCX % Rank
US
87.60% 40.89% 99.91% 18.90%
Non US
8.27% 0.00% 55.45% 82.28%

RSFCX - Expenses

Operational Fees

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.90% 0.01% 3.39% 8.26%
Management Fee 0.65% 0.00% 1.00% 79.92%
12b-1 Fee 1.00% 0.00% 1.00% 99.34%
Administrative Fee N/A 0.02% 0.40% N/A

Sales Fees

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 0.75% 5.00% 96.36%
Deferred Load 1.00% 1.00% 5.00% 98.00%

Trading Fees

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 9.00% 178.00% 42.74%

RSFCX - Distributions

Dividend Yield Analysis

RSFCX Category Low Category High RSFCX % Rank
Dividend Yield 4.30% 0.00% 7.80% 6.69%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

RSFCX Category Low Category High RSFCX % Rank
Net Income Ratio 4.60% 1.33% 7.64% 29.34%

Capital Gain Distribution Analysis

RSFCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

RSFCX - Managers

Kevin Booth

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2009

9.67

9.7%

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.


John Blaney

Manager

Start Date

Tenure

Tenure Rank

May 01, 2013

6.34

6.3%

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.


Paul Gillin

Manager

Start Date

Tenure

Tenure Rank

May 01, 2014

5.34

5.3%

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.


Tenure Analysis

Category Low

0.0

Category High

23.01

Category Average

5.72

Category Mode

1.92