Victory Core Plus Intermediate Bond Fund (Formerly USAA Intermediate-Term Bond Fund)
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.94
$4.07 B
4.87%
$0.44
0.43%
Vitals
YTD Return
-1.6%
1 yr return
1.5%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
1.3%
Net Assets
$4.07 B
Holdings in Top 10
21.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 69.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.94
$4.07 B
4.87%
$0.44
0.43%
URIBX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.65%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Core Plus Intermediate Bond Fund (Formerly USAA Intermediate-Term Bond Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateDec 02, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
URIBX - Performance
Return Ranking - Trailing
Period | URIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -12.1% | 2.8% | 10.35% |
1 Yr | 1.5% | -10.5% | 10.4% | 12.18% |
3 Yr | -2.1%* | -11.0% | 24.7% | 6.73% |
5 Yr | 1.3%* | -7.0% | 190.5% | 6.37% |
10 Yr | N/A* | -2.6% | 73.3% | 5.40% |
* Annualized
Return Ranking - Calendar
Period | URIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -16.2% | 8.1% | 14.29% |
2022 | -15.3% | -34.7% | 131.9% | 28.27% |
2021 | -3.9% | -11.6% | 4.4% | 74.76% |
2020 | 2.4% | -10.1% | 946.1% | 78.63% |
2019 | 5.7% | -1.7% | 16.9% | 47.65% |
Total Return Ranking - Trailing
Period | URIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -12.1% | 2.8% | 10.35% |
1 Yr | 1.5% | -10.5% | 10.4% | 12.18% |
3 Yr | -2.1%* | -11.0% | 24.7% | 6.73% |
5 Yr | 1.3%* | -7.0% | 190.5% | 6.37% |
10 Yr | N/A* | -2.6% | 73.3% | 5.18% |
* Annualized
Total Return Ranking - Calendar
Period | URIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -11.3% | 11.0% | 5.19% |
2022 | -12.3% | -32.2% | 131.9% | 14.08% |
2021 | 1.4% | -9.4% | 9.2% | 6.28% |
2020 | 9.9% | -1.9% | 1009.0% | 18.83% |
2019 | 9.6% | 1.1% | 21668.0% | 28.36% |
NAV & Total Return History
URIBX - Holdings
Concentration Analysis
URIBX | Category Low | Category High | URIBX % Rank | |
---|---|---|---|---|
Net Assets | 4.07 B | 2.9 M | 314 B | 27.66% |
Number of Holdings | 976 | 1 | 17889 | 38.95% |
Net Assets in Top 10 | 851 M | -106 M | 36.5 B | 31.16% |
Weighting of Top 10 | 21.42% | 4.4% | 134.1% | 62.00% |
Top 10 Holdings
- U S TREASURY NOTE 3.87%
- U S TREASURY NOTE 3.34%
- U S TREASURY NOTE 2.97%
- U S TREASURY BONDS 2.08%
- U S TREASURY BOND 2.04%
- U S TREASURY BOND 2.01%
- U S TREASURY NOTE 1.68%
- U S TREASURY BOND 1.58%
- U S TREASURY NOTE 1.06%
- U S TREASURY BOND 0.79%
Asset Allocation
Weighting | Return Low | Return High | URIBX % Rank | |
---|---|---|---|---|
Bonds | 97.37% | 0.00% | 215.98% | 37.40% |
Cash | 2.63% | -54.51% | 79.52% | 53.75% |
Convertible Bonds | 1.38% | 0.00% | 7.93% | 52.93% |
Preferred Stocks | 0.43% | 0.00% | 74.68% | 11.93% |
Other | 0.23% | -13.23% | 50.66% | 73.87% |
Stocks | 0.00% | 0.00% | 99.93% | 96.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | URIBX % Rank | |
---|---|---|---|---|
Corporate | 37.89% | 0.00% | 100.00% | 28.00% |
Securitized | 33.16% | 0.00% | 98.40% | 39.23% |
Government | 23.64% | 0.00% | 86.23% | 52.43% |
Municipal | 4.32% | 0.00% | 100.00% | 9.53% |
Cash & Equivalents | 2.63% | 0.00% | 76.23% | 50.49% |
Derivative | 0.23% | -3.37% | 50.66% | 34.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | URIBX % Rank | |
---|---|---|---|---|
US | 97.37% | 0.00% | 215.98% | 33.53% |
Non US | 0.00% | 0.00% | 39.04% | 96.84% |
URIBX - Expenses
Operational Fees
URIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.43% | 0.01% | 39.10% | 81.21% |
Management Fee | 0.32% | 0.00% | 1.76% | 39.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 27.03% |
Sales Fees
URIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
URIBX 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.
URIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 69.00% | 2.00% | 493.39% | 29.43% |
URIBX - Distributions
Dividend Yield Analysis
URIBX | Category Low | Category High | URIBX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.87% | 0.00% | 10.22% | 15.94% |
Dividend Distribution Analysis
URIBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
URIBX | Category Low | Category High | URIBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.65% | -1.28% | 4.79% | 7.37% |
Capital Gain Distribution Analysis
URIBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.036 | OrdinaryDividend |
Mar 01, 2024 | $0.034 | OrdinaryDividend |
Feb 01, 2024 | $0.036 | OrdinaryDividend |
Jan 02, 2024 | $0.037 | OrdinaryDividend |
Dec 01, 2023 | $0.035 | OrdinaryDividend |
Nov 01, 2023 | $0.036 | OrdinaryDividend |
Oct 02, 2023 | $0.034 | OrdinaryDividend |
Sep 01, 2023 | $0.033 | OrdinaryDividend |
Aug 01, 2023 | $0.033 | OrdinaryDividend |
Jul 03, 2023 | $0.033 | OrdinaryDividend |
Jun 01, 2023 | $0.033 | OrdinaryDividend |
May 01, 2023 | $0.032 | OrdinaryDividend |
Apr 03, 2023 | $0.033 | OrdinaryDividend |
Mar 01, 2023 | $0.029 | OrdinaryDividend |
Feb 01, 2023 | $0.032 | OrdinaryDividend |
Jan 03, 2023 | $0.032 | DailyAccrualFund |
Dec 01, 2022 | $0.030 | DailyAccrualFund |
Nov 01, 2022 | $0.030 | DailyAccrualFund |
Oct 03, 2022 | $0.028 | DailyAccrualFund |
Sep 01, 2022 | $0.027 | DailyAccrualFund |
Aug 01, 2022 | $0.027 | DailyAccrualFund |
Jul 01, 2022 | $0.025 | DailyAccrualFund |
Jun 01, 2022 | $0.024 | DailyAccrualFund |
May 02, 2022 | $0.022 | DailyAccrualFund |
Apr 01, 2022 | $0.023 | DailyAccrualFund |
Mar 01, 2022 | $0.020 | DailyAccrualFund |
Feb 01, 2022 | $0.021 | DailyAccrualFund |
Jan 03, 2022 | $0.024 | DailyAccrualFund |
Dec 01, 2021 | $0.020 | DailyAccrualFund |
Nov 01, 2021 | $0.020 | DailyAccrualFund |
Oct 01, 2021 | $0.021 | DailyAccrualFund |
Sep 01, 2021 | $0.023 | DailyAccrualFund |
Aug 02, 2021 | $0.023 | DailyAccrualFund |
Jul 01, 2021 | $0.025 | DailyAccrualFund |
Jun 01, 2021 | $0.022 | DailyAccrualFund |
May 03, 2021 | $0.025 | DailyAccrualFund |
Apr 01, 2021 | $0.025 | DailyAccrualFund |
Mar 01, 2021 | $0.021 | DailyAccrualFund |
Feb 01, 2021 | $0.021 | DailyAccrualFund |
Dec 31, 2020 | $0.029 | OrdinaryDividend |
Nov 30, 2020 | $0.027 | OrdinaryDividend |
Oct 30, 2020 | $0.029 | OrdinaryDividend |
Sep 30, 2020 | $0.028 | OrdinaryDividend |
Aug 31, 2020 | $0.027 | OrdinaryDividend |
Jul 31, 2020 | $0.032 | OrdinaryDividend |
Jun 30, 2020 | $0.031 | OrdinaryDividend |
May 29, 2020 | $0.031 | OrdinaryDividend |
Apr 30, 2020 | $0.031 | OrdinaryDividend |
Mar 31, 2020 | $0.031 | OrdinaryDividend |
Feb 28, 2020 | $0.027 | OrdinaryDividend |
Jan 31, 2020 | $0.030 | OrdinaryDividend |
Dec 31, 2019 | $0.036 | OrdinaryDividend |
May 31, 2019 | $0.037 | DailyAccrualFund |
Apr 30, 2019 | $0.034 | DailyAccrualFund |
Mar 29, 2019 | $0.036 | DailyAccrualFund |
Feb 28, 2019 | $0.034 | DailyAccrualFund |
Jan 31, 2019 | $0.033 | DailyAccrualFund |
Dec 31, 2018 | $0.034 | DailyAccrualFund |
Nov 30, 2018 | $0.037 | DailyAccrualFund |
Oct 31, 2018 | $0.028 | DailyAccrualFund |
Aug 31, 2018 | $0.037 | DailyAccrualFund |
Jul 31, 2018 | $0.032 | DailyAccrualFund |
Jun 29, 2018 | $0.035 | DailyAccrualFund |
May 31, 2018 | $0.033 | DailyAccrualFund |
Apr 30, 2018 | $0.032 | DailyAccrualFund |
Mar 29, 2018 | $0.035 | DailyAccrualFund |
Feb 28, 2018 | $0.032 | DailyAccrualFund |
Jan 31, 2018 | $0.031 | DailyAccrualFund |
Dec 29, 2017 | $0.034 | DailyAccrualFund |
Nov 30, 2017 | $0.032 | DailyAccrualFund |
Oct 31, 2017 | $0.030 | DailyAccrualFund |
Sep 29, 2017 | $0.034 | DailyAccrualFund |
Aug 31, 2017 | $0.033 | DailyAccrualFund |
Jul 31, 2017 | $0.030 | DailyAccrualFund |
Jun 30, 2017 | $0.037 | DailyAccrualFund |
May 31, 2017 | $0.034 | DailyAccrualFund |
Apr 28, 2017 | $0.029 | DailyAccrualFund |
Mar 31, 2017 | $0.036 | DailyAccrualFund |
Feb 28, 2017 | $0.033 | DailyAccrualFund |
Jan 31, 2017 | $0.031 | DailyAccrualFund |
URIBX - 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.
Brian Smith
Start Date
Tenure
Tenure Rank
Dec 01, 2013
8.5
8.5%
Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He 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 |
---|---|---|---|
0.07 | 33.43 | 6.81 | 1.16 |