Victory High Income Fund (Formerly USAA High Income Fund)
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
10.9%
3 Yr Avg Return
1.6%
5 Yr Avg Return
3.1%
Net Assets
$1 B
Holdings in Top 10
10.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.82%
SALES FEES
Front Load 2.25%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UHYOX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 3.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.89%
- Dividend Yield 6.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory High Income Fund (Formerly USAA High Income Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateSep 17, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
UHYOX - Performance
Return Ranking - Trailing
Period | UHYOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -4.9% | 8.2% | 96.10% |
1 Yr | 10.9% | -4.3% | 26.0% | 55.87% |
3 Yr | 1.6%* | -15.6% | 20.6% | 54.08% |
5 Yr | 3.1%* | -11.2% | 37.3% | 68.57% |
10 Yr | 3.2%* | -4.7% | 19.5% | 62.35% |
* Annualized
Return Ranking - Calendar
Period | UHYOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -4.7% | 14.3% | 54.04% |
2022 | -15.8% | -33.4% | 3.6% | 54.55% |
2021 | 0.6% | -8.4% | 14.9% | 31.32% |
2020 | -1.9% | -13.9% | 302.7% | 80.00% |
2019 | 6.7% | -4.4% | 13.3% | 69.31% |
Total Return Ranking - Trailing
Period | UHYOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -4.9% | 8.2% | 96.10% |
1 Yr | 10.9% | -4.3% | 26.0% | 55.87% |
3 Yr | 1.6%* | -15.6% | 20.6% | 54.08% |
5 Yr | 3.1%* | -11.2% | 37.3% | 68.57% |
10 Yr | 3.2%* | -4.7% | 19.5% | 62.35% |
* Annualized
Total Return Ranking - Calendar
Period | UHYOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.0% | -4.7% | 18.7% | 26.24% |
2022 | -11.0% | -33.4% | 47.8% | 57.37% |
2021 | 5.5% | -8.4% | 24.8% | 39.80% |
2020 | 3.5% | -9.6% | 325.6% | 77.48% |
2019 | 12.9% | -3.8% | 21.5% | 63.62% |
NAV & Total Return History
UHYOX - Holdings
Concentration Analysis
UHYOX | Category Low | Category High | UHYOX % Rank | |
---|---|---|---|---|
Net Assets | 1 B | 1.85 M | 22.6 B | 37.02% |
Number of Holdings | 424 | 2 | 2736 | 36.42% |
Net Assets in Top 10 | 105 M | -492 M | 4.45 B | 43.21% |
Weighting of Top 10 | 10.68% | 4.2% | 149.6% | 71.76% |
Top 10 Holdings
- DISH NETWORK CORP 1.36%
- AMERICAN AIRLINES INC AADVAN 1.34%
- 720 EAST CLO 2023 I LTD 1.25%
- 1375209 BC LTD 1.09%
- NCL CORP LTD 0.98%
- JABIL INC 0.98%
- 720 EAST CLO 2022 I LTD 0.93%
- GRAY ESCROW II INC 0.92%
- VISTAJET MALTA FINANCE PLC VISTA INC 0.92%
- MARATHON OIL CORP 0.91%
Asset Allocation
Weighting | Return Low | Return High | UHYOX % Rank | |
---|---|---|---|---|
Bonds | 89.08% | -3.13% | 154.38% | 84.02% |
Cash | 10.31% | -52.00% | 49.49% | 10.80% |
Preferred Stocks | 1.48% | 0.00% | 8.06% | 5.40% |
Convertible Bonds | 1.15% | 0.00% | 17.89% | 45.68% |
Stocks | 0.30% | 0.00% | 99.61% | 53.30% |
Other | 0.00% | -63.70% | 102.57% | 53.86% |
Stock Sector Breakdown
Weighting | Return Low | Return High | UHYOX % Rank | |
---|---|---|---|---|
Energy | 27.32% | 0.00% | 100.00% | 51.96% |
Healthcare | 22.17% | 0.00% | 22.17% | 0.28% |
Financial Services | 20.51% | 0.00% | 100.00% | 12.57% |
Real Estate | 14.31% | 0.00% | 86.71% | 8.66% |
Communication Services | 8.11% | 0.00% | 99.99% | 36.59% |
Basic Materials | 7.58% | 0.00% | 100.00% | 17.32% |
Utilities | 0.00% | 0.00% | 100.00% | 42.18% |
Technology | 0.00% | 0.00% | 33.17% | 44.13% |
Industrials | 0.00% | 0.00% | 93.12% | 45.81% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 36.03% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 52.79% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | UHYOX % Rank | |
---|---|---|---|---|
US | 0.30% | 0.00% | 99.61% | 52.47% |
Non US | 0.00% | -0.01% | 0.83% | 35.34% |
Bond Sector Breakdown
Weighting | Return Low | Return High | UHYOX % Rank | |
---|---|---|---|---|
Corporate | 93.01% | 0.00% | 129.69% | 69.55% |
Cash & Equivalents | 10.31% | 0.00% | 49.49% | 10.34% |
Government | 1.30% | 0.00% | 99.07% | 14.53% |
Securitized | 1.00% | 0.00% | 97.24% | 23.80% |
Municipal | 0.25% | 0.00% | 4.66% | 4.95% |
Derivative | 0.00% | -15.04% | 42.26% | 43.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | UHYOX % Rank | |
---|---|---|---|---|
US | 89.08% | -3.13% | 129.21% | 69.60% |
Non US | 0.00% | 0.00% | 97.33% | 53.55% |
UHYOX - Expenses
Operational Fees
UHYOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.82% | 0.04% | 31.61% | 11.73% |
Management Fee | 0.40% | 0.00% | 1.84% | 12.92% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 26.56% |
Administrative Fee | N/A | 0.00% | 0.50% | 72.85% |
Sales Fees
UHYOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.25% | 2.25% | 5.75% | 94.00% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
UHYOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 55.26% |
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.
UHYOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 255.00% | 22.27% |
UHYOX - Distributions
Dividend Yield Analysis
UHYOX | Category Low | Category High | UHYOX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.83% | 0.00% | 35.52% | 9.66% |
Dividend Distribution Analysis
UHYOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
UHYOX | Category Low | Category High | UHYOX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.89% | -2.39% | 14.30% | 25.90% |
Capital Gain Distribution Analysis
UHYOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 26, 2024 | $0.051 | OrdinaryDividend |
Feb 22, 2024 | $0.039 | OrdinaryDividend |
Jan 23, 2024 | $0.043 | OrdinaryDividend |
Dec 22, 2023 | $0.048 | OrdinaryDividend |
Nov 22, 2023 | $0.045 | OrdinaryDividend |
Oct 20, 2023 | $0.047 | OrdinaryDividend |
Sep 19, 2023 | $0.041 | OrdinaryDividend |
Aug 18, 2023 | $0.036 | OrdinaryDividend |
Jul 21, 2023 | $0.041 | OrdinaryDividend |
Jun 22, 2023 | $0.035 | OrdinaryDividend |
May 24, 2023 | $0.038 | OrdinaryDividend |
Apr 21, 2023 | $0.038 | OrdinaryDividend |
Mar 22, 2023 | $0.038 | OrdinaryDividend |
Feb 22, 2023 | $0.039 | OrdinaryDividend |
Jan 20, 2023 | $0.039 | OrdinaryDividend |
Dec 22, 2022 | $0.033 | OrdinaryDividend |
Nov 23, 2022 | $0.037 | OrdinaryDividend |
Oct 21, 2022 | $0.039 | OrdinaryDividend |
Sep 20, 2022 | $0.031 | OrdinaryDividend |
Aug 19, 2022 | $0.028 | OrdinaryDividend |
Jul 22, 2022 | $0.030 | OrdinaryDividend |
Jun 23, 2022 | $0.030 | OrdinaryDividend |
May 25, 2022 | $0.033 | OrdinaryDividend |
Apr 22, 2022 | $0.029 | OrdinaryDividend |
Mar 23, 2022 | $0.029 | OrdinaryDividend |
Feb 23, 2022 | $0.031 | OrdinaryDividend |
Jan 21, 2022 | $0.032 | OrdinaryDividend |
Dec 23, 2021 | $0.027 | OrdinaryDividend |
Nov 24, 2021 | $0.033 | OrdinaryDividend |
Oct 22, 2021 | $0.038 | OrdinaryDividend |
Sep 21, 2021 | $0.034 | OrdinaryDividend |
Aug 20, 2021 | $0.026 | OrdinaryDividend |
Jul 23, 2021 | $0.032 | OrdinaryDividend |
Jun 23, 2021 | $0.030 | OrdinaryDividend |
May 25, 2021 | $0.027 | OrdinaryDividend |
Apr 23, 2021 | $0.033 | OrdinaryDividend |
Mar 23, 2021 | $0.034 | OrdinaryDividend |
Feb 22, 2021 | $0.028 | OrdinaryDividend |
Jan 21, 2021 | $0.024 | OrdinaryDividend |
Dec 23, 2020 | $0.037 | OrdinaryDividend |
Nov 25, 2020 | $0.028 | OrdinaryDividend |
Oct 28, 2020 | $0.036 | OrdinaryDividend |
Sep 24, 2020 | $0.020 | OrdinaryDividend |
Aug 26, 2020 | $0.036 | OrdinaryDividend |
Jul 24, 2020 | $0.038 | OrdinaryDividend |
Jun 25, 2020 | $0.036 | OrdinaryDividend |
May 21, 2020 | $0.026 | OrdinaryDividend |
Apr 24, 2020 | $0.035 | OrdinaryDividend |
Mar 26, 2020 | $0.034 | OrdinaryDividend |
Feb 26, 2020 | $0.034 | OrdinaryDividend |
Jan 24, 2020 | $0.033 | OrdinaryDividend |
Dec 24, 2019 | $0.045 | OrdinaryDividend |
Nov 27, 2019 | $0.035 | OrdinaryDividend |
Oct 30, 2019 | $0.039 | OrdinaryDividend |
Sep 27, 2019 | $0.039 | OrdinaryDividend |
Aug 29, 2019 | $0.032 | OrdinaryDividend |
Jul 30, 2019 | $0.041 | OrdinaryDividend |
Jun 27, 2019 | $0.037 | OrdinaryDividend |
May 30, 2019 | $0.039 | OrdinaryDividend |
Apr 29, 2019 | $0.037 | OrdinaryDividend |
Mar 28, 2019 | $0.037 | OrdinaryDividend |
Feb 27, 2019 | $0.037 | OrdinaryDividend |
Jan 30, 2019 | $0.030 | OrdinaryDividend |
Dec 17, 2018 | $0.048 | OrdinaryDividend |
Nov 29, 2018 | $0.037 | OrdinaryDividend |
Oct 30, 2018 | $0.043 | OrdinaryDividend |
Sep 27, 2018 | $0.033 | OrdinaryDividend |
Aug 30, 2018 | $0.041 | OrdinaryDividend |
Jul 30, 2018 | $0.036 | OrdinaryDividend |
Jun 28, 2018 | $0.036 | OrdinaryDividend |
May 30, 2018 | $0.039 | OrdinaryDividend |
Apr 27, 2018 | $0.038 | OrdinaryDividend |
Mar 29, 2018 | $0.039 | OrdinaryDividend |
Feb 27, 2018 | $0.040 | OrdinaryDividend |
Jan 30, 2018 | $0.028 | OrdinaryDividend |
Dec 15, 2017 | $0.047 | OrdinaryDividend |
Nov 29, 2017 | $0.039 | OrdinaryDividend |
Oct 30, 2017 | $0.037 | OrdinaryDividend |
Sep 28, 2017 | $0.039 | OrdinaryDividend |
Aug 30, 2017 | $0.037 | OrdinaryDividend |
Jul 28, 2017 | $0.033 | OrdinaryDividend |
Jun 29, 2017 | $0.041 | OrdinaryDividend |
May 30, 2017 | $0.035 | OrdinaryDividend |
Apr 27, 2017 | $0.036 | OrdinaryDividend |
Mar 30, 2017 | $0.043 | OrdinaryDividend |
Feb 27, 2017 | $0.038 | OrdinaryDividend |
Jan 30, 2017 | $0.025 | OrdinaryDividend |
Dec 14, 2016 | $0.050 | OrdinaryDividend |
Nov 29, 2016 | $0.038 | OrdinaryDividend |
Oct 28, 2016 | $0.037 | OrdinaryDividend |
Sep 29, 2016 | $0.039 | OrdinaryDividend |
Aug 30, 2016 | $0.039 | OrdinaryDividend |
Jul 28, 2016 | $0.037 | OrdinaryDividend |
Jun 29, 2016 | $0.028 | OrdinaryDividend |
May 27, 2016 | $0.032 | OrdinaryDividend |
Apr 28, 2016 | $0.038 | OrdinaryDividend |
Mar 30, 2016 | $0.044 | OrdinaryDividend |
Feb 26, 2016 | $0.038 | OrdinaryDividend |
Jan 28, 2016 | $0.033 | OrdinaryDividend |
Nov 27, 2015 | $0.036 | OrdinaryDividend |
Oct 29, 2015 | $0.037 | OrdinaryDividend |
Sep 29, 2015 | $0.041 | OrdinaryDividend |
Aug 28, 2015 | $0.034 | OrdinaryDividend |
Jul 30, 2015 | $0.039 | OrdinaryDividend |
Jun 29, 2015 | $0.034 | OrdinaryDividend |
May 28, 2015 | $0.033 | OrdinaryDividend |
Apr 29, 2015 | $0.039 | OrdinaryDividend |
Mar 30, 2015 | $0.038 | OrdinaryDividend |
Feb 26, 2015 | $0.036 | OrdinaryDividend |
Jan 29, 2015 | $0.030 | OrdinaryDividend |
Dec 17, 2014 | $0.049 | OrdinaryDividend |
Nov 26, 2014 | $0.034 | OrdinaryDividend |
Oct 30, 2014 | $0.040 | OrdinaryDividend |
Sep 29, 2014 | $0.039 | OrdinaryDividend |
Aug 28, 2014 | $0.035 | OrdinaryDividend |
Jul 30, 2014 | $0.041 | OrdinaryDividend |
Jun 27, 2014 | $0.030 | OrdinaryDividend |
May 29, 2014 | $0.035 | OrdinaryDividend |
Apr 29, 2014 | $0.044 | OrdinaryDividend |
Mar 28, 2014 | $0.041 | OrdinaryDividend |
Feb 27, 2014 | $0.040 | OrdinaryDividend |
Jan 30, 2014 | $0.035 | OrdinaryDividend |
Dec 18, 2013 | $0.051 | OrdinaryDividend |
Nov 27, 2013 | $0.039 | OrdinaryDividend |
Oct 30, 2013 | $0.044 | OrdinaryDividend |
Sep 27, 2013 | $0.040 | OrdinaryDividend |
Aug 29, 2013 | $0.043 | OrdinaryDividend |
Jul 30, 2013 | $0.045 | OrdinaryDividend |
Jun 27, 2013 | $0.039 | OrdinaryDividend |
May 30, 2013 | $0.042 | OrdinaryDividend |
Apr 29, 2013 | $0.040 | OrdinaryDividend |
Mar 28, 2013 | $0.039 | OrdinaryDividend |
Feb 27, 2013 | $0.043 | OrdinaryDividend |
Jan 30, 2013 | $0.035 | OrdinaryDividend |
Dec 19, 2012 | $0.048 | OrdinaryDividend |
Nov 29, 2012 | $0.047 | OrdinaryDividend |
Oct 31, 2012 | $0.048 | OrdinaryDividend |
Sep 27, 2012 | $0.040 | OrdinaryDividend |
Aug 30, 2012 | $0.048 | OrdinaryDividend |
Jul 30, 2012 | $0.042 | OrdinaryDividend |
Jun 28, 2012 | $0.043 | OrdinaryDividend |
May 30, 2012 | $0.050 | OrdinaryDividend |
Apr 27, 2012 | $0.045 | OrdinaryDividend |
Mar 29, 2012 | $0.045 | OrdinaryDividend |
Feb 28, 2012 | $0.049 | OrdinaryDividend |
Jan 30, 2012 | $0.036 | OrdinaryDividend |
Dec 20, 2011 | $0.051 | OrdinaryDividend |
Nov 29, 2011 | $0.048 | OrdinaryDividend |
Oct 28, 2011 | $0.043 | OrdinaryDividend |
Sep 29, 2011 | $0.046 | OrdinaryDividend |
Aug 30, 2011 | $0.055 | OrdinaryDividend |
Jul 28, 2011 | $0.041 | OrdinaryDividend |
Jun 29, 2011 | $0.056 | OrdinaryDividend |
May 27, 2011 | $0.043 | OrdinaryDividend |
Apr 28, 2011 | $0.046 | OrdinaryDividend |
Mar 30, 2011 | $0.048 | OrdinaryDividend |
Feb 25, 2011 | $0.046 | OrdinaryDividend |
Jan 28, 2011 | $0.041 | OrdinaryDividend |
Dec 21, 2010 | $0.064 | OrdinaryDividend |
Nov 29, 2010 | $0.049 | OrdinaryDividend |
Oct 28, 2010 | $0.047 | OrdinaryDividend |
Sep 29, 2010 | $0.050 | OrdinaryDividend |
Aug 30, 2010 | $0.055 | OrdinaryDividend |
UHYOX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jan 04, 2007
15.41
15.4%
Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
John Spear
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Kurt Daum
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |