Victory Government Securities Fund (Formerly USAA Government Securities Fund)
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.61
$983 M
0.00%
0.42%
Vitals
YTD Return
-1.9%
1 yr return
0.4%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
0.2%
Net Assets
$983 M
Holdings in Top 10
18.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.61
$983 M
0.00%
0.42%
UIGSX - Profile
Distributions
- YTD Total Return -1.9%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Government Securities Fund (Formerly USAA Government Securities Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateSep 11, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerR.Neal Graves
Fund Description
UIGSX - Performance
Return Ranking - Trailing
Period | UIGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.9% | -4.6% | 6.6% | 3.98% |
1 Yr | 0.4% | -4.4% | 27.1% | 6.19% |
3 Yr | -2.1%* | -8.5% | 9.3% | 3.11% |
5 Yr | 0.2%* | -5.9% | 3.6% | 6.10% |
10 Yr | N/A* | -2.2% | 3.4% | 29.28% |
* Annualized
Return Ranking - Calendar
Period | UIGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -1.0% | 22.1% | 42.48% |
2022 | -10.1% | -20.4% | -5.8% | 4.00% |
2021 | -3.8% | -7.1% | 16.6% | 73.18% |
2020 | 2.5% | -1.3% | 8.8% | 62.15% |
2019 | 3.0% | 0.3% | 7.1% | 60.66% |
Total Return Ranking - Trailing
Period | UIGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.9% | -4.6% | 6.6% | 3.98% |
1 Yr | 0.4% | -4.4% | 27.1% | 6.19% |
3 Yr | -2.1%* | -8.5% | 9.3% | 3.11% |
5 Yr | 0.2%* | -5.9% | 3.6% | 6.10% |
10 Yr | N/A* | -2.2% | 3.4% | 26.89% |
* Annualized
Total Return Ranking - Calendar
Period | UIGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -0.5% | 28.8% | 23.45% |
2022 | -8.0% | -18.5% | -3.3% | 3.56% |
2021 | -0.6% | -4.5% | 25.3% | 21.36% |
2020 | 5.6% | -1.3% | 13.0% | 61.21% |
2019 | 4.6% | 1.8% | 11.3% | 92.42% |
NAV & Total Return History
UIGSX - Holdings
Concentration Analysis
UIGSX | Category Low | Category High | UIGSX % Rank | |
---|---|---|---|---|
Net Assets | 983 M | 9.43 M | 134 B | 47.35% |
Number of Holdings | 357 | 18 | 12663 | 56.19% |
Net Assets in Top 10 | 178 M | 5.49 M | 43.7 B | 57.52% |
Weighting of Top 10 | 18.61% | 6.3% | 115.2% | 94.25% |
Top 10 Holdings
- U S TREASURY NOTE 3.08%
- U S TREASURY NOTE 2.25%
- FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.21%
- FIXED INCOME CLEARING CO 2.09%
- U S TREASURY NOTE 1.74%
- FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH 1.50%
- GOVERNMENT NATIONAL MORTGAGE CORPORATION 1.49%
- FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH 1.49%
- U S TREASURY NOTE 1.46%
- U S TREASURY NOTE 1.30%
Asset Allocation
Weighting | Return Low | Return High | UIGSX % Rank | |
---|---|---|---|---|
Bonds | 97.67% | 0.08% | 167.02% | 79.20% |
Other | 2.09% | -26.81% | 18.17% | 16.81% |
Cash | 0.24% | -29.69% | 22.63% | 83.63% |
Stocks | 0.00% | 0.00% | 96.75% | 60.18% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 58.41% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 58.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | UIGSX % Rank | |
---|---|---|---|---|
Government | 44.03% | 0.00% | 100.00% | 40.71% |
Securitized | 43.74% | 0.00% | 99.79% | 67.70% |
Municipal | 5.24% | 0.00% | 5.24% | 1.33% |
Cash & Equivalents | 0.16% | -29.63% | 33.75% | 76.99% |
Derivative | 0.00% | -20.68% | 1.69% | 72.12% |
Corporate | 0.00% | 0.00% | 9.48% | 69.47% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | UIGSX % Rank | |
---|---|---|---|---|
US | 97.67% | 0.08% | 167.02% | 79.20% |
Non US | 0.00% | 0.00% | 12.01% | 58.85% |
UIGSX - Expenses
Operational Fees
UIGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.42% | 0.03% | 3.55% | 77.33% |
Management Fee | 0.18% | 0.00% | 0.85% | 12.39% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.45% | 72.38% |
Sales Fees
UIGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
UIGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
UIGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 3.35% | 948.00% | 12.68% |
UIGSX - Distributions
Dividend Yield Analysis
UIGSX | Category Low | Category High | UIGSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.91% | 45.58% |
Dividend Distribution Analysis
UIGSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
UIGSX | Category Low | Category High | UIGSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.12% | -0.80% | 2.96% | 2.67% |
Capital Gain Distribution Analysis
UIGSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.027 | OrdinaryDividend |
Mar 01, 2024 | $0.026 | OrdinaryDividend |
Feb 01, 2024 | $0.027 | OrdinaryDividend |
Jan 02, 2024 | $0.028 | OrdinaryDividend |
Dec 01, 2023 | $0.026 | OrdinaryDividend |
Nov 01, 2023 | $0.025 | OrdinaryDividend |
Oct 02, 2023 | $0.026 | OrdinaryDividend |
Sep 01, 2023 | $0.025 | OrdinaryDividend |
Aug 01, 2023 | $0.022 | OrdinaryDividend |
Jul 03, 2023 | $0.025 | OrdinaryDividend |
Jun 01, 2023 | $0.023 | OrdinaryDividend |
May 01, 2023 | $0.021 | OrdinaryDividend |
Apr 03, 2023 | $0.023 | OrdinaryDividend |
Mar 01, 2023 | $0.020 | OrdinaryDividend |
Feb 01, 2023 | $0.019 | OrdinaryDividend |
Jan 03, 2023 | $0.021 | DailyAccrualFund |
Dec 01, 2022 | $0.018 | DailyAccrualFund |
Nov 01, 2022 | $0.018 | DailyAccrualFund |
Oct 03, 2022 | $0.018 | DailyAccrualFund |
Sep 01, 2022 | $0.017 | DailyAccrualFund |
Aug 01, 2022 | $0.017 | DailyAccrualFund |
Jul 01, 2022 | $0.015 | DailyAccrualFund |
Jun 01, 2022 | $0.014 | DailyAccrualFund |
May 02, 2022 | $0.013 | DailyAccrualFund |
Apr 01, 2022 | $0.013 | DailyAccrualFund |
Mar 01, 2022 | $0.013 | DailyAccrualFund |
Feb 01, 2022 | $0.016 | DailyAccrualFund |
Jan 03, 2022 | $0.016 | DailyAccrualFund |
Dec 01, 2021 | $0.013 | DailyAccrualFund |
Nov 01, 2021 | $0.014 | DailyAccrualFund |
Oct 01, 2021 | $0.016 | DailyAccrualFund |
Sep 01, 2021 | $0.016 | DailyAccrualFund |
Aug 02, 2021 | $0.016 | DailyAccrualFund |
Jul 01, 2021 | $0.017 | DailyAccrualFund |
Jun 01, 2021 | $0.016 | DailyAccrualFund |
May 03, 2021 | $0.017 | DailyAccrualFund |
Apr 01, 2021 | $0.018 | DailyAccrualFund |
Mar 01, 2021 | $0.018 | DailyAccrualFund |
Feb 01, 2021 | $0.017 | DailyAccrualFund |
Dec 31, 2020 | $0.021 | OrdinaryDividend |
Nov 30, 2020 | $0.019 | OrdinaryDividend |
Oct 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.020 | OrdinaryDividend |
Aug 31, 2020 | $0.019 | OrdinaryDividend |
Jul 31, 2020 | $0.022 | OrdinaryDividend |
Jun 30, 2020 | $0.020 | OrdinaryDividend |
May 29, 2020 | $0.020 | OrdinaryDividend |
Apr 30, 2020 | $0.020 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.020 | OrdinaryDividend |
Jan 31, 2020 | $0.021 | OrdinaryDividend |
Dec 31, 2019 | $0.021 | OrdinaryDividend |
May 31, 2019 | $0.022 | DailyAccrualFund |
Apr 30, 2019 | $0.020 | DailyAccrualFund |
Mar 29, 2019 | $0.021 | DailyAccrualFund |
Feb 28, 2019 | $0.021 | DailyAccrualFund |
Jan 31, 2019 | $0.021 | DailyAccrualFund |
Dec 31, 2018 | $0.021 | DailyAccrualFund |
Nov 30, 2018 | $0.022 | DailyAccrualFund |
Oct 31, 2018 | $0.021 | DailyAccrualFund |
Aug 31, 2018 | $0.021 | DailyAccrualFund |
Jul 31, 2018 | $0.018 | DailyAccrualFund |
Jun 29, 2018 | $0.019 | DailyAccrualFund |
May 31, 2018 | $0.017 | DailyAccrualFund |
Apr 30, 2018 | $0.017 | DailyAccrualFund |
Mar 29, 2018 | $0.019 | DailyAccrualFund |
Feb 28, 2018 | $0.018 | DailyAccrualFund |
Jan 31, 2018 | $0.017 | DailyAccrualFund |
Dec 29, 2017 | $0.018 | DailyAccrualFund |
Nov 30, 2017 | $0.017 | DailyAccrualFund |
Oct 31, 2017 | $0.018 | DailyAccrualFund |
Sep 29, 2017 | $0.018 | DailyAccrualFund |
Aug 31, 2017 | $0.017 | DailyAccrualFund |
Jul 31, 2017 | $0.017 | DailyAccrualFund |
Jun 30, 2017 | $0.019 | DailyAccrualFund |
May 31, 2017 | $0.018 | DailyAccrualFund |
Apr 28, 2017 | $0.017 | DailyAccrualFund |
Mar 31, 2017 | $0.019 | DailyAccrualFund |
Feb 28, 2017 | $0.018 | DailyAccrualFund |
Jan 31, 2017 | $0.016 | DailyAccrualFund |
Dec 30, 2016 | $0.019 | DailyAccrualFund |
Nov 30, 2016 | $0.017 | DailyAccrualFund |
Oct 31, 2016 | $0.016 | DailyAccrualFund |
Sep 30, 2016 | $0.019 | DailyAccrualFund |
Aug 31, 2016 | $0.017 | DailyAccrualFund |
Jul 29, 2016 | $0.017 | DailyAccrualFund |
Jun 30, 2016 | $0.018 | DailyAccrualFund |
May 31, 2016 | $0.017 | DailyAccrualFund |
Apr 29, 2016 | $0.018 | DailyAccrualFund |
Mar 31, 2016 | $0.018 | DailyAccrualFund |
Feb 29, 2016 | $0.018 | DailyAccrualFund |
Jan 29, 2016 | $0.016 | DailyAccrualFund |
Dec 31, 2015 | $0.020 | DailyAccrualFund |
Nov 30, 2015 | $0.017 | DailyAccrualFund |
Oct 30, 2015 | $0.018 | DailyAccrualFund |
Sep 30, 2015 | $0.019 | DailyAccrualFund |
Aug 31, 2015 | $0.014 | DailyAccrualFund |
UIGSX - Fund Manager Analysis
Managers
R.Neal Graves
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
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 |
---|---|---|---|
0.11 | 31.64 | 8.38 | 7.35 |