Victory Floating Rate C
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
0.7%
1 yr return
8.1%
3 Yr Avg Return
4.0%
5 Yr Avg Return
4.0%
Net Assets
$1.94 B
Holdings in Top 10
12.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.80%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 54.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Bank Loan
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
RSFCX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 4.81%
- Dividend Yield 3.5%
- 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
-
ManagerJohn Blaney
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 | 0.7% | -2.6% | 11.8% | 85.40% |
| 1 Yr | 8.1% | 0.8% | 42.1% | 50.47% |
| 3 Yr | 4.0%* | -1.0% | 5.9% | 16.43% |
| 5 Yr | 4.0%* | 1.1% | 7.5% | 38.08% |
| 10 Yr | 3.9%* | 2.2% | 7.5% | 62.96% |
* Annualized
Return Ranking - Calendar
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.8% | -16.5% | 289.8% | 10.73% |
| 2019 | 3.1% | -8.1% | 7.5% | 43.17% |
| 2018 | -4.9% | -12.2% | 5.5% | 54.65% |
| 2017 | -1.1% | -4.2% | 3.7% | 81.62% |
| 2016 | N/A | -65.0% | 12.9% | N/A |
Total Return Ranking - Trailing
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -2.6% | 11.8% | 85.40% |
| 1 Yr | 7.1% | 0.4% | 42.1% | 58.81% |
| 3 Yr | 4.0%* | -1.3% | 10.0% | 20.06% |
| 5 Yr | 4.0%* | 1.1% | 7.6% | 41.47% |
| 10 Yr | 3.9%* | 2.2% | 7.5% | 60.71% |
* Annualized
Total Return Ranking - Calendar
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.8% | -16.5% | 289.8% | 10.73% |
| 2019 | 3.1% | -8.1% | 7.5% | 44.65% |
| 2018 | -4.9% | -12.2% | 5.5% | 63.18% |
| 2017 | -1.1% | -4.2% | 7.2% | 83.76% |
| 2016 | N/A | -65.0% | 12.9% | N/A |
NAV & Total Return History
RSFCX - Holdings
Concentration Analysis
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.94 B | 10 M | 9.84 B | 31.99% |
| Number of Holdings | 210 | 12 | 1358 | 72.75% |
| Net Assets in Top 10 | 212 M | -171 M | 2.33 B | 32.04% |
| Weighting of Top 10 | 12.46% | 4.9% | 95.4% | 63.66% |
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 | 100.00% | 41.18% | 149.51% | 10.18% |
| Stocks | 0.00% | 0.00% | 15.31% | 96.11% |
| Preferred Stocks | 0.00% | 0.00% | 29.39% | 84.43% |
| Other | 0.00% | -54.12% | 12.76% | 70.96% |
| Convertible Bonds | 0.00% | 0.00% | 3.77% | 88.32% |
| Cash | 0.00% | -49.60% | 55.70% | 95.81% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RSFCX % Rank | |
|---|---|---|---|---|
| Corporate | 100.00% | 0.00% | 100.00% | 3.00% |
| Derivative | 0.00% | 0.00% | 9.59% | 75.08% |
| Cash & Equivalents | 0.00% | 0.00% | 58.10% | 98.50% |
| Securitized | 0.00% | 0.00% | 100.00% | 86.79% |
| Municipal | 0.00% | 0.00% | 0.68% | 78.08% |
| Government | 0.00% | 0.00% | 5.94% | 73.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RSFCX % Rank | |
|---|---|---|---|---|
| US | 90.69% | 3.17% | 128.54% | 10.48% |
| Non US | 9.31% | 0.00% | 115.41% | 77.84% |
RSFCX - Expenses
Operational Fees
| RSFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.80% | 0.02% | 7.50% | 30.67% |
| Management Fee | 0.65% | 0.00% | 2.40% | 65.29% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 91.78% |
| 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 | 0.00% | 5.75% | 95.31% |
| Deferred Load | 1.00% | 1.00% | 3.00% | 85.06% |
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 | 54.00% | 8.00% | 215.00% | 46.10% |
RSFCX - Distributions
Dividend Yield Analysis
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.48% | 0.00% | 5.29% | 76.63% |
Dividend Distribution Analysis
| RSFCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.81% | 1.77% | 10.93% | 21.53% |
Capital Gain Distribution Analysis
| RSFCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-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
John Blaney
Start Date
Tenure
Tenure Rank
May 01, 2013
8.34
8.3%
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
Andrew Liggio
Start Date
Tenure
Tenure Rank
Mar 15, 2021
0.46
0.5%
Andrew Liggio has co-managed the Victory Floating Rate Fund since March 2021. He is a managing director and head of the high yield and bank loan portfolio management group at Guardian Life. Before joining Guardian Life in 2016, he was a partner and analyst at Castle Hill Asset Management. He began his career as an auditor at Arthur Andersen and a credit assistant at The Bank of New York. Mr. Liggio holds the Chartered Financial Analyst (CFA) designation and 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 |
|---|---|---|---|
| 0.09 | 22.85 | 5.9 | 2.5 |