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Victory Low Duration Bond A RLDAX

Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 9.78  /  +0.11 %
  • Total Assets 121.1 Mil
  • Adj. Expense Ratio
    0.850%
  • 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 3.16%
  • Effective Duration 1.68 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis RLDAX

Will RLDAX outperform in future?

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

Process downgraded to Average following management and process change.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Victory Low Duration Bond has undergone significant changes, moving from a quantitatively driven approach to a traditional security-selection focus under its new managers, who think fundamental research is more of their expertise than previous management’s heavy reliance on quant-driven filters and signals. This shift has led to a more conservative portfolio that prioritizes USD cash bonds and results in a more mainstream look for a fund in the short-term bond Morningstar Category.

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Portfolio Holdings RLDAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.5%

1.70 2.1 Mil
Government

AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 0.89%

1.44 1.8 Mil
Securitized

WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2 6.14%

1.24 1.5 Mil
Securitized

FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2023-1 5.39%

1.20 1.5 Mil
Securitized

Citigroup Commercial Mortgage Trust 3.778%

1.20 1.5 Mil
Securitized

State Street Corporation 5.751%

1.17 1.4 Mil
Corporate

JPMorgan Chase & Co. 6.5%

1.13 1.4 Mil
Corporate

Csail Commercial Mortgage Trust 3.718%

1.03 1.2 Mil
Securitized

Citigroup Inc. 3.106%

1.02 1.2 Mil
Corporate

GS Mortgage Securities Trust 2015-GC30 3.382%

1.00 1.2 Mil
Securitized