Victory Incore Low Duration Fund relies on a model-based process that is clearly competent but does not stand out. The team is thin, and though it can access credit analysts from Victory’s USAA subsidiary, the exact nature of that relationship is ambiguous. Finally, performance has been uninspiring, due in large part to the fact that the strategy’s share classes are priced at above average or high levels in the short-term bond Morningstar Category where returns are tightly clustered and every basis point counts. The strategy’s share classes thus earn Morningstar Analyst Ratings of Neutral or Negative.
- NAV / 1-Day Return 9.72 / 0.21 %
- Total Assets 184.9 Mil
Adj. Expense Ratio
- Expense Ratio 0.850%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity Medium / Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 1.66%
- Effective Duration 1.73 years
Morningstar’s Analysis RLDAX
Will RLDAX outperform in future?
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