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Victory Floating Rate Y RSFYX

Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 8.15  /  +0.07 %
  • Total Assets 781.3 Mil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 9.97%
  • Effective Duration 0.41 years

USD | NAV as of Mar 18, 2024 | 1-Day Return as of Mar 18, 2024, 11:38 PM GMT+0

Morningstar’s Analysis RSFYX

Will RSFYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A serious performance misstep notwithstanding, no changes to the pillar ratings.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Victory Floating Rate Fund’s returns looked attractive prior to 2022, but after the 12 months ending August 2023, they no longer do. The fund’s Y share class ended that period last among its distinct peers; it underperformed its median peer by more than 450 basis points and the category index, the Morningstar LSTA US LL Index, by more than 500. This reflected some poor sector choices—media and healthcare in particular—that got hit especially hard in the confluence of inflation- and coronavirus-labor-shortages-driven increased labor costs (healthcare) and reduced advertising due to recession concerns (media). Still, our overall assessment of the strategy stands: It’s not a standout in either positive or negative ways.

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Portfolio Holdings RSFYX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cumulus Media New

1.81 13.1 Mil
Corporate

Traverse Midstream Part

1.73 12.6 Mil
Corporate

Bally's Corp

1.73 12.5 Mil
Corporate

Hertz Corp/The

1.70 12.3 Mil
Corporate

Cloud Software

1.64 11.9 Mil
Corporate

Sinclair Television Gr

1.55 11.3 Mil
Corporate

Westjet Air

1.53 11.1 Mil
Corporate

Aadvantage Loyalty Ip Ltd

1.50 10.9 Mil
Corporate

Caesars Entertainment Inc

1.39 10.1 Mil
Corporate

Delek Us Holdings

1.37 9.9 Mil
Corporate