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Victory INCORE Low Duration Bond R RLDKX

Analyst rating as of
  • NAV / 1-Day Return 9.73  /  0.10 %
  • Total Assets 185.7 Mil
  • Adj. Expense Ratio
    1.270%
  • Expense Ratio 1.270%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.15%
  • Effective Duration 1.73 years

Morningstar’s Analysis RLDKX

Will RLDKX outperform in future?

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

A reasonable option for those who want diversified exposure to the short end of the yield curve.

Associate Director

Summary

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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.

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