Victory Floating Rate C
- RSFCX
- Price as of: Dec 02, 2020
-
$9.24
N/A N/A
- Primary Theme
- Bank Loan
- Fund Company
- Victory Capital
- Share Class
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
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
Bank Loan
- Fund Type Open End Mutual Fund
- Investment Style Bank Loan
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Floating Rate Fund
-
Fund Family NameVictory
-
Inception DateDec 31, 2009
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKevin 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
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- Delta Air Lines 1.65%
- 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
| Date | Amount |
|---|---|
| Jul 31, 2019 | $0.046 |
| Jun 28, 2019 | $0.041 |
| May 31, 2019 | $0.042 |
| Apr 30, 2019 | $0.040 |
| Mar 29, 2019 | $0.041 |
| Feb 28, 2019 | $0.037 |
| Jan 31, 2019 | $0.041 |
| Dec 31, 2018 | $0.039 |
| Nov 30, 2018 | $0.037 |
| Oct 31, 2018 | $0.040 |
| Aug 31, 2018 | $0.036 |
| Jul 31, 2018 | $0.037 |
| Jun 29, 2018 | $0.035 |
| May 31, 2018 | $0.038 |
| Apr 30, 2018 | $0.037 |
| Mar 29, 2018 | $0.038 |
| Feb 28, 2018 | $0.031 |
| Jan 31, 2018 | $0.036 |
| Dec 29, 2017 | $0.037 |
| Nov 30, 2017 | $0.035 |
| Oct 31, 2017 | $0.037 |
| Sep 29, 2017 | $0.033 |
| Aug 31, 2017 | $0.031 |
| Jul 31, 2017 | $0.029 |
| Jun 30, 2017 | $0.035 |
| May 31, 2017 | $0.037 |
| Apr 28, 2017 | $0.034 |
| Mar 31, 2017 | $0.026 |
| Feb 28, 2017 | $0.027 |
| Jan 31, 2017 | $0.029 |
| Dec 30, 2016 | $0.030 |
| Nov 30, 2016 | $0.027 |
| Oct 31, 2016 | $0.029 |
| Sep 30, 2016 | $0.026 |
| Aug 31, 2016 | $0.031 |
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 |