SBFCX: Victory INCORE Investment Grd Convert A

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SBFCX Victory INCORE Investment Grd Convert A


Profile

SBFCX - Profile

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $318 M
  • Holdings in Top 10 39.8%

52 WEEK LOW AND HIGH

$16.96
$13.58
$17.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.49%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Victory INCORE Investment Grade Convertible Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Apr 14, 1988
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Kaesberg

Fund Description

Under normal circumstances, the fund will invest at least 80% of its assets in investment grade securities convertible into common stock and synthetic convertible securities, which are derivative positions composed of two or more securities with investment characteristics that, when taken together, resemble those of traditional convertible securities.


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Categories

Performance

SBFCX - Performance

Return Ranking - Trailing

Period SBFCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -30.3% 33.5% 67.50%
1 Yr -1.2% -30.8% 30.4% 69.87%
3 Yr 2.4%* -13.4% 11.7% 48.92%
5 Yr 4.6%* -8.4% 9.9% 32.54%
10 Yr 4.8%* -5.2% 8.9% 26.25%

* Annualized

Return Ranking - Calendar

Period SBFCX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% -8.6% 24.4% 46.45%
2018 -5.7% -15.4% -2.5% 5.00%
2017 14.8% -7.8% 15.4% 4.41%
2016 4.0% -4.1% 14.2% 31.06%
2015 -3.6% -26.1% 2.5% 38.46%

Total Return Ranking - Trailing

Period SBFCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -30.3% 33.5% 67.50%
1 Yr -1.2% -30.8% 30.4% 69.87%
3 Yr 2.4%* -10.5% 17.0% 51.08%
5 Yr 4.6%* -5.8% 13.5% 53.17%
10 Yr 4.8%* -5.2% 11.9% 63.75%

* Annualized

Total Return Ranking - Calendar

Period SBFCX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% -8.6% 24.4% 46.45%
2018 -5.7% -15.4% 4.5% 36.43%
2017 14.8% -1.0% 18.4% 22.06%
2016 4.0% -4.1% 20.1% 56.82%
2015 -3.6% -26.1% 6.2% 61.54%

NAV & Total Return History


Holdings

SBFCX - Holdings

Concentration Analysis

SBFCX Category Low Category High SBFCX % Rank
Net Assets 318 M 196 K 9.94 B 65.85%
Number of Holdings 47 38 373 98.78%
Net Assets in Top 10 121 M -276 M 1.01 B 59.76%
Weighting of Top 10 39.79% 10.4% 72.4% 7.93%

Top 10 Holdings

  1. Novellus Sys Inc 2.62% 5.11%
  2. Anthem Inc 5.5% 4.30%
  3. Illumina Inc 0.5% 4.13%
  4. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 4.07%
  5. Western Digital Corp. 1.5% 4.04%
  6. Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 3.82%
  7. Vereit Incorporation 7.5% 3.71%
  8. Fortive Corporation 0.88% 3.63%
  9. Stanley Black & Decker Inc Unit 3.53%
  10. Booking Holdings Inc 0.75% 3.45%

Asset Allocation

Weighting Return Low Return High SBFCX % Rank
Convertible Bonds
68.57% 0.00% 108.22% 42.68%
Stocks
16.56% -0.82% 47.79% 9.15%
Preferred Stocks
12.74% 0.00% 77.66% 53.05%
Cash
2.13% -6.08% 15.79% 59.76%
Other
0.00% 0.00% 15.69% 67.07%
Bonds
0.00% -14.80% 70.12% 67.07%

Stock Sector Breakdown

Weighting Return Low Return High SBFCX % Rank
Utilities
78.70% 0.00% 100.00% 9.77%
Industrials
21.30% 0.00% 99.90% 13.53%
Technology
0.00% 0.00% 32.10% 53.38%
Real Estate
0.00% 0.00% 100.00% 48.87%
Healthcare
0.00% 0.00% 33.70% 67.67%
Financial Services
0.00% 0.00% 100.00% 65.41%
Energy
0.00% 0.00% 29.20% 51.88%
Communication Services
0.00% 0.00% 14.18% 51.13%
Consumer Defense
0.00% 0.00% 9.44% 46.62%
Consumer Cyclical
0.00% 0.00% 14.27% 38.35%
Basic Materials
0.00% 0.00% 25.53% 41.35%

Stock Geographic Breakdown

Weighting Return Low Return High SBFCX % Rank
US
16.56% -0.82% 43.86% 8.54%
Non US
0.00% 0.00% 4.05% 58.54%

Expenses

SBFCX - Expenses

Operational Fees

SBFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.41% 94.07% 44.65%
Management Fee 0.75% 0.00% 1.42% 66.26%
12b-1 Fee 0.25% 0.00% 1.00% 35.79%
Administrative Fee N/A 0.01% 0.55% 73.33%

Sales Fees

SBFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.00% 5.75% 93.10%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SBFCX 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.

SBFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 5.00% 175.00% 32.32%

Distributions

SBFCX - Distributions

Dividend Yield Analysis

SBFCX Category Low Category High SBFCX % Rank
Dividend Yield 0.00% 0.00% 6.47% 33.54%

Dividend Distribution Analysis

SBFCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

SBFCX Category Low Category High SBFCX % Rank
Net Income Ratio 1.31% -0.26% 9.30% 70.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SBFCX - Fund Manager Analysis

Managers

James Kaesberg


Start Date

Tenure

Tenure Rank

Apr 30, 1996

24.35

24.4%

Mr. Kaesberg is a Senior Portfolio Manager of Victory Capital Management Inc. and has been associated withVictory Capital Management Inc. or its affiliates since 1985. Mr. Kaesberg is a CFA charterholder.

Mark Vucenovic


Start Date

Tenure

Tenure Rank

Mar 01, 2014

6.51

6.5%

Mr. Vucenovic is a Portfolio Manager/Analyst of Victory Capital Management Inc. and has been associated with Victory Capital Management Inc. or an affiliate since 2009, and previously, from 1995-2002.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67