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.
Victory Low Duration Bond A RLDAX
- NAV / 1-Day Return 9.77 / +0.01 %
- 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 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 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.
People Pillar
Parent Pillar
- 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 |