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Morningstar

Victory Fund for Income R GGIFX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 6.83  /  0.29 %
  • Total Assets 366.5 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.48%
  • Effective Duration 2.40 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis GGIFX

Will GGIFX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GGIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the GGIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of GGIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Trying to capture the mortgage premium while behaving more like a Treasury portfolio.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Victory Incore Fund for Income’s unique approach to Ginnie Mae mortgages doesn’t guarantee short-term success but tilts the odds in its favor for longer-term investors interested in a short-government fund. In recognition of this, the fund’s cheapest share classes earn a Morningstar Medalist Rating of Bronze, while its pricier shares earn Neutral or Negative ratings.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings GGIFX

More GGIFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 486
  • Other Holdings 6
  • % Assets in Top 10 Holdings 30.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 7.5%

11.46
43,250,348
Government

United States Treasury Bills 0%

3.50
13,216,768
Government

Government National Mortgage Association 5.5%

2.89
10,912,435
Securitized

Government National Mortgage Association 6.5%

2.34
8,813,632
Securitized

Government National Mortgage Association 6.5%

1.87
7,067,869
Securitized

Government National Mortgage Association 7%

1.82
6,880,019
Securitized

Government National Mortgage Association 6%

1.81
6,836,871
Securitized

Government National Mortgage Association 5%

1.74
6,567,959
Securitized

Government National Mortgage Association 7%

1.71
6,447,607
Securitized

Government National Mortgage Association 7%

1.69
6,394,649
Securitized