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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Victory Target Retirement Income Fund (Formerly USAA Target Retirement Income Fund)

URINX | Fund

$10.98

$650 M

3.72%

$0.41

0.55%

Vitals

YTD Return

7.7%

1 yr return

12.2%

3 Yr Avg Return

2.4%

5 Yr Avg Return

4.6%

Net Assets

$650 M

Holdings in Top 10

78.1%

52 WEEK LOW AND HIGH

$11.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Victory Target Retirement Income Fund (Formerly USAA Target Retirement Income Fund)

URINX | Fund

$10.98

$650 M

3.72%

$0.41

0.55%

URINX - Profile

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.13%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Victory Target Retirement Income Fund (Formerly USAA Target Retirement Income Fund)
  • Fund Family Name
    Victory Portfolios III
  • Inception Date
    Nov 28, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Lance Humphrey

Fund Description

The Fund invests in a selection of affiliated mutual funds and exchange-traded funds (“ETFs”) (“underlying affiliated funds”) managed by the Adviser in a manner consistent with its current asset allocation as depicted in the “lifestyle transition path.”The Fund’s asset allocation strategy is based on the allocation at zero years left until retirement on the lifestyle transition path and is designed for investors who are currently in, or very close to, retirement and who are planning to start withdrawing funds for retirement now or within the immediate future. In general, the Fund’s allocation strategy assumes funds will start being withdrawn for retirement purposes at age 65. However, the Fund should not be selected solely on the basis of an investor's age. Because the Fund is designed for investors who are in or close to retirement, it is not anticipated that the Fund’s current asset allocation will change based on the lifestyle transition path. The Fund does not provide guaranteed income for retirement.The Fund’s current target asset allocation consists of: approximately 35% of the Fund’s net assets allocated to underlying affiliated funds that invest primarily in equity securities (“equity investments”); and approximately 65% of the Fund’s net assets allocated to underlying affiliated funds that invest primarily in fixed-income securities (“fixed-income investments”). In either case, the Fund may invest in underlying affiliated funds in alternative asset classes or with alternative strategies that the Adviser believes have similar risk/return profiles as these classes. The target asset allocation will not change unless approved by the Fund’s Board of Trustees (the “Board”).Although the underlying affiliated funds are categorized generally as equity investments or fixed-income investments, many of these underlying affiliated funds invest in a mix of securities of domestic and foreign issuers, investment-grade and high-yield bonds, and other securities. As a result, the target asset allocation of the Fund may differ from the actual securities held by the underlying affiliated funds. Actual asset allocation also may differ from the lifestyle transition path as a result of market movement. The Fund’s portfolio will be rebalanced on a regular basis, taking into account transaction costs. We may adjust the Fund’s actual asset allocation from the targets specified in the lifestyle transition path based on market view or other conditions as part of an active asset allocation strategy, or make changes to the lifestyle transition path.
Read More

URINX - Performance

Return Ranking - Trailing

Period URINX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% 0.0% 12.8% 40.64%
1 Yr 12.2% 2.5% 15.6% 40.11%
3 Yr 2.4%* -8.2% 4.0% 6.45%
5 Yr 4.6%* -6.5% 5.9% 9.20%
10 Yr 4.1%* 1.7% 5.2% 38.27%

* Annualized

Return Ranking - Calendar

Period URINX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -9.8% 12.8% 34.41%
2022 -16.2% -38.3% -3.8% 53.76%
2021 -0.3% -9.1% 10.3% 42.39%
2020 4.4% -13.4% 12.6% 78.53%
2019 5.0% -1.1% 13.9% 91.97%

Total Return Ranking - Trailing

Period URINX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% 0.0% 12.8% 40.64%
1 Yr 12.2% 2.5% 15.6% 40.11%
3 Yr 2.4%* -8.2% 4.0% 6.45%
5 Yr 4.6%* -6.5% 5.9% 9.20%
10 Yr 4.1%* 1.7% 5.2% 38.27%

* Annualized

Total Return Ranking - Calendar

Period URINX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -9.8% 15.4% 31.18%
2022 -10.6% -16.9% -2.9% 27.96%
2021 6.5% -3.8% 10.3% 41.85%
2020 8.7% -13.4% 16.6% 68.10%
2019 11.7% 4.7% 25.2% 70.80%

NAV & Total Return History

URINX - Holdings

Concentration Analysis

URINX Category Low Category High URINX % Rank
Net Assets 650 M 3.58 M 35.6 B 28.34%
Number of Holdings 34 2 1478 29.41%
Net Assets in Top 10 512 M 2.94 M 35.5 B 26.20%
Weighting of Top 10 78.07% 4.6% 124.2% 68.16%

Top 10 Holdings

  1. VICTORY GOVERNMENT SECURITIES FUND 21.73%
  2. VICTORY SHORT TERM BOND FUND 13.28%
  3. VICTORY CORE PLUS INTERMEDIATE BOND FUND 7.90%
  4. VICTORY HIGH INCOME FUND 6.32%
  5. VICTORYSHARES CORPORATE BOND ETF 6.17%
  6. VICTORY GLOBAL MANAGED VOLATILITY FUND 5.62%
  7. VICTORY MARKET NEUTRAL INCOME FUND 5.31%
  8. VICTORY TARGET MANAGED ALLOCATION FUND 4.75%
  9. VICTORY RS INTERNATIONAL R6 3.58%
  10. VICTORYSHARES SHORT TERM BOND ETF 3.40%

Asset Allocation

Weighting Return Low Return High URINX % Rank
Convertible Bonds 		0.74% 0.00% 6.56% 48.66%
Cash 		0.38% -24.70% 53.61% 55.08%
Stocks 		0.00% 0.00% 100.15% 70.59%
Preferred Stocks 		0.00% 0.00% 11.70% 12.30%
Other 		0.00% 0.00% 5.62% 33.69%
Bonds 		0.00% 0.00% 109.30% 52.94%

URINX - Expenses

Operational Fees

URINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.05% 13.27% 51.08%
Management Fee 0.00% 0.00% 0.79% 2.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

URINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

URINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

URINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 121.26% 33.76%

URINX - Distributions

Dividend Yield Analysis

URINX Category Low Category High URINX % Rank
Dividend Yield 3.72% 0.00% 9.37% 30.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

URINX Category Low Category High URINX % Rank
Net Income Ratio 3.13% -0.06% 5.71% 4.57%

Capital Gain Distribution Analysis

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

Distributions History

View More +

URINX - Fund Manager Analysis

Managers

Lance Humphrey

Start Date

Tenure

Tenure Rank

Jun 07, 2018

3.98

4.0%

Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.

Mannik Dhillon

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Lela Dunlap

Start Date

Tenure

Tenure Rank

Oct 15, 2021

0.62

0.6%

Lela Dunlap, CFA, Associate Portfolio Manager, VictoryShares and Solutions, has co-managed the Fund since August 2021. Mrs. Dunlap has 14 years of investment management experience, five years of which were with AMCO, which was acquired by the Adviser’s parent company in 2019. She holds the CFA designation and is a member of the CFA Society of San Antonio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.48 3.75

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