Victory Investment Grade Convertible Fund, formerly Victory INCORE Investment Grade Convertible Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SBFMX | Fund
$17.65
$277 M
3.08%
$0.54
1.76%
Vitals
YTD Return
1.7%
1 yr return
9.6%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
N/A
Net Assets
$277 M
Holdings in Top 10
50.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SBFMX | Fund
$17.65
$277 M
3.08%
$0.54
1.76%
SBFMX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.30%
- Dividend Yield 3.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory Investment Grade Convertible Fund, formerly Victory INCORE Investment Grade Convertible Fund
-
Fund Family NameVictory Portfolios
-
Inception DateNov 10, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Kaesberg
Fund Description
SBFMX - Performance
Return Ranking - Trailing
Period | SBFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -5.3% | 3.3% | 19.28% |
1 Yr | 9.6% | -10.9% | 11.3% | 20.48% |
3 Yr | -0.2%* | -19.2% | 0.1% | 4.88% |
5 Yr | N/A* | -7.2% | 10.7% | 72.84% |
10 Yr | N/A* | -1.3% | 9.8% | 65.33% |
* Annualized
Return Ranking - Calendar
Period | SBFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | -7.7% | 13.1% | 65.88% |
2022 | -13.4% | -43.5% | -9.7% | 5.95% |
2021 | 1.1% | -18.9% | 2.4% | 5.95% |
2020 | N/A | -0.6% | 54.0% | N/A |
2019 | N/A | 9.9% | 24.4% | N/A |
Total Return Ranking - Trailing
Period | SBFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -5.3% | 3.3% | 19.28% |
1 Yr | 9.6% | -10.9% | 11.3% | 20.48% |
3 Yr | -0.2%* | -19.2% | 0.1% | 4.88% |
5 Yr | N/A* | -7.2% | 10.7% | 73.17% |
10 Yr | N/A* | -1.3% | 9.8% | 62.67% |
* Annualized
Total Return Ranking - Calendar
Period | SBFMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.1% | -7.7% | 17.7% | 57.65% |
2022 | -11.5% | -37.8% | -9.7% | 9.52% |
2021 | 11.2% | -12.2% | 11.3% | 2.38% |
2020 | N/A | 5.8% | 64.4% | N/A |
2019 | N/A | 12.2% | 28.7% | N/A |
NAV & Total Return History
SBFMX - Holdings
Concentration Analysis
SBFMX | Category Low | Category High | SBFMX % Rank | |
---|---|---|---|---|
Net Assets | 277 M | 17.5 M | 3.69 B | 74.12% |
Number of Holdings | 45 | 40 | 381 | 94.12% |
Net Assets in Top 10 | 139 M | 4.72 M | 669 M | 71.76% |
Weighting of Top 10 | 50.53% | 9.5% | 50.5% | 2.35% |
Top 10 Holdings
- BOOKING HOLDINGS INC 6.17%
- WELLS FARGO CO 5.82%
- BANK OF AMERICA CORP 5.72%
- PIONEER NATURAL RESOURCE 5.65%
- SOUTHWEST AIRLINES CO 5.62%
- EQT CORP 5.20%
- NEXTERA ENERGY INC 4.65%
- EXPEDIA GROUP INC 4.21%
- BARCLAYS BANK PLC 3.84%
- FORD MOTOR COMPANY 3.66%
Asset Allocation
Weighting | Return Low | Return High | SBFMX % Rank | |
---|---|---|---|---|
Bonds | 76.47% | 0.00% | 141.12% | 84.71% |
Convertible Bonds | 61.89% | 33.22% | 110.54% | 91.76% |
Preferred Stocks | 19.70% | 0.00% | 22.50% | 3.53% |
Cash | 4.74% | -78.94% | 8.82% | 25.88% |
Stocks | 0.86% | 0.00% | 23.09% | 63.53% |
Other | 0.00% | -17.11% | 0.97% | 69.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SBFMX % Rank | |
---|---|---|---|---|
Utilities | 78.69% | 0.00% | 100.00% | 42.11% |
Industrials | 21.31% | 0.00% | 23.08% | 3.95% |
Technology | 0.00% | 0.00% | 23.73% | 76.32% |
Real Estate | 0.00% | 0.00% | 27.87% | 75.00% |
Healthcare | 0.00% | 0.00% | 20.31% | 88.16% |
Financial Services | 0.00% | 0.00% | 20.48% | 76.32% |
Energy | 0.00% | 0.00% | 40.56% | 77.63% |
Communication Services | 0.00% | 0.00% | 100.00% | 73.68% |
Consumer Defense | 0.00% | 0.00% | 25.78% | 75.00% |
Consumer Cyclical | 0.00% | 0.00% | 24.79% | 73.68% |
Basic Materials | 0.00% | 0.00% | 24.08% | 76.32% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SBFMX % Rank | |
---|---|---|---|---|
US | 0.86% | 0.00% | 22.42% | 63.53% |
Non US | 0.00% | 0.00% | 1.55% | 74.12% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SBFMX % Rank | |
---|---|---|---|---|
Corporate | 100.00% | 91.11% | 100.00% | 11.76% |
Cash & Equivalents | 4.74% | 0.00% | 8.82% | 27.06% |
Derivative | 0.00% | -0.03% | 0.32% | 54.12% |
Securitized | 0.00% | 0.00% | 0.00% | 68.24% |
Municipal | 0.00% | 0.00% | 0.00% | 68.24% |
Government | 0.00% | 0.00% | 2.94% | 71.76% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SBFMX % Rank | |
---|---|---|---|---|
US | 76.47% | 0.00% | 141.12% | 84.71% |
Non US | 0.00% | 0.00% | 19.91% | 74.12% |
SBFMX - Expenses
Operational Fees
SBFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.76% | 0.20% | 3.16% | 21.18% |
Management Fee | 0.74% | 0.20% | 1.23% | 66.67% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.00% |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
SBFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SBFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
SBFMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 30.00% | 154.00% | 2.50% |
SBFMX - Distributions
Dividend Yield Analysis
SBFMX | Category Low | Category High | SBFMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.08% | 0.00% | 12.43% | 35.29% |
Dividend Distribution Analysis
SBFMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
SBFMX | Category Low | Category High | SBFMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.30% | -3.72% | 10.32% | 9.52% |
Capital Gain Distribution Analysis
SBFMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.136 | OrdinaryDividend |
Sep 19, 2023 | $0.223 | OrdinaryDividend |
Jun 22, 2023 | $0.080 | OrdinaryDividend |
Mar 22, 2023 | $0.188 | OrdinaryDividend |
Dec 15, 2022 | $0.143 | OrdinaryDividend |
Sep 20, 2022 | $0.108 | OrdinaryDividend |
Jun 23, 2022 | $0.051 | OrdinaryDividend |
Dec 23, 2021 | $1.370 | OrdinaryDividend |
Sep 21, 2021 | $0.063 | OrdinaryDividend |
Jun 23, 2021 | $0.063 | OrdinaryDividend |
Mar 23, 2021 | $0.063 | OrdinaryDividend |
Dec 23, 2020 | $0.034 | OrdinaryDividend |
SBFMX - Fund Manager Analysis
Managers
James Kaesberg
Start Date
Tenure
Tenure Rank
Apr 30, 1996
26.1
26.1%
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
8.25
8.3%
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 |
---|---|---|---|
0.25 | 36.97 | 10.12 | 7.42 |