RSFCX: Victory Floating Rate Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Victory Floating Rate C

RSFCX - Snapshot

Vitals

  • YTD Return -1.8%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $613 M
  • Holdings in Top 10 12.9%

52 WEEK LOW AND HIGH

$9.24
$7.40
$9.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.92%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Compare RSFCX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$9.20

+0.11%

$6.70 B

3.93%

$0.36

-2.95%

-

$8.22

+0.12%

$5.76 B

4.79%

$0.39

-7.01%

-

$10.35

+0.19%

$5.36 B

4.46%

$0.46

-3.45%

-

$8.67

+0.12%

$5.09 B

3.74%

$0.32

-2.03%

-

$22.14

+0.32%

$4.28 B

3.69%

$0.81

-3.16%

-

RSFCX - Profile

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 -1.8% -16.5% 286.7% 14.58%
1 Yr 4.5% -9.0% 8.3% 4.39%
3 Yr 3.6%* -2.0% 4.9% 8.19%
5 Yr 4.6%* 1.2% 7.1% 17.29%
10 Yr 3.3%* 1.7% 6.6% 69.08%

* Annualized

Return Ranking - Calendar

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -4.9% 7.5% 42.29%
2018 -4.9% -9.7% 5.5% 53.96%
2017 -1.1% -4.2% 3.7% 81.74%
2016 N/A -65.0% 12.9% N/A
2015 N/A -15.5% 0.6% N/A

Total Return Ranking - Trailing

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -16.5% 286.7% 14.58%
1 Yr 3.5% -9.0% 8.3% 6.76%
3 Yr 3.6%* -2.4% 4.7% 6.76%
5 Yr 4.6%* 1.2% 7.1% 15.04%
10 Yr 3.3%* 1.7% 6.6% 63.82%

* Annualized

Total Return Ranking - Calendar

Period RSFCX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -4.9% 7.5% 43.73%
2018 -4.9% -9.7% 5.5% 62.64%
2017 -1.1% -4.2% 7.2% 83.82%
2016 N/A -65.0% 12.9% N/A
2015 N/A -15.5% 4.8% N/A

NAV & Total Return History


RSFCX - Holdings

Concentration Analysis

RSFCX Category Low Category High RSFCX % Rank
Net Assets 613 M 7.36 M 6.7 B 51.40%
Number of Holdings 128 13 1173 90.73%
Net Assets in Top 10 74.5 M -149 M 1.03 B 41.72%
Weighting of Top 10 12.90% 5.8% 91.3% 48.17%

Top 10 Holdings

  1. Delta Air Lines 1.65%
  2. Delta Air Lines 1.65%
  3. Delta Air Lines 1.65%
  4. Delta Air Lines 1.65%
  5. Delta Air Lines 1.65%
  6. Delta Air Lines 1.65%
  7. Delta Air Lines 1.65%
  8. Delta Air Lines 1.65%
  9. Delta Air Lines 1.65%
  10. Delta Air Lines 1.65%

Asset Allocation

Weighting Return Low Return High RSFCX % Rank
Bonds
95.84% 44.19% 104.59% 38.08%
Cash
4.15% -4.76% 55.70% 51.32%
Stocks
0.00% 0.00% 6.23% 92.05%
Preferred Stocks
0.00% 0.00% 19.93% 76.49%
Other
0.00% -0.32% 11.49% 84.11%
Convertible Bonds
0.00% 0.00% 2.69% 83.77%

Bond Sector Breakdown

Weighting Return Low Return High RSFCX % Rank
Corporate
95.85% 0.00% 99.99% 31.23%
Cash & Equivalents
4.15% 0.00% 69.25% 56.15%
Derivative
0.00% 0.00% 11.97% 70.76%
Securitized
0.00% 0.00% 100.00% 80.73%
Municipal
0.00% 0.00% 0.14% 71.43%
Government
0.00% 0.00% 1.23% 69.77%

Bond Geographic Breakdown

Weighting Return Low Return High RSFCX % Rank
US
87.78% 5.93% 99.56% 16.23%
Non US
8.06% 0.00% 91.67% 80.46%

RSFCX - Expenses

Operational Fees

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.92% 0.01% 27.10% 22.07%
Management Fee 0.65% 0.00% 1.73% 64.36%
12b-1 Fee 1.00% 0.00% 1.00% 90.67%
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

RSFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% 95.31%
Deferred Load 1.00% 1.00% 3.00% 68.09%

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

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 35.00% 5.00% 412.00% 31.16%

RSFCX - Distributions

Dividend Yield Analysis

RSFCX Category Low Category High RSFCX % Rank
Dividend Yield 0.00% 0.00% 4.11% 71.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RSFCX Category Low Category High RSFCX % Rank
Net Income Ratio 4.60% 1.57% 9.15% 62.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RSFCX - Fund Manager Analysis

Managers

Kevin Booth


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.92

10.9%

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


Start Date

Tenure

Tenure Rank

May 01, 2013

7.59

7.6%

John Blaney joined Guardian in 2000 and is a co-manager of the Victory Floating Rate Fund and Victory High Yield Fund. John also co-manages the high yield bond and leveraged loan portfolios in the Guardian general account. During his tenure as senior credit analyst at Guardian, John covered nearly every high yield sector. Prior to joining Guardian, John was an investment analyst at MetLife. He has over 20 years of investment experience. John holds a B.S. in finance from Trenton State College and an MBA from Seton Hall University. He has a Chartered Financial Analyst (CFA) designation and is a

John Gillin


Start Date

Tenure

Tenure Rank

May 01, 2014

6.59

6.6%

Paul Gillin joined Guardian in 2012 and is a managing director and high yield portfolio manager. He has been a co-manager of the Victory High Yield Fund and the Victory Floating Rate Fund since 2014. Paul also manages the high yield bond portfolio in the Guardian general account. Paul has over 35 years experience in managing high yield and bank loans. Prior to joining Guardian, Paul spent 13 years a partner and high yield portfolio manager at Rogge Global Partners and its predecessor companies. Paul holds a B.S. in business administration from Villanova University, an MBA from New York Univers

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 25.61 5.63 1.75
Continue to site >
Trending ETFs