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
9.69 / 0.01 %
Adj. Expense Ratio
Longest Manager Tenure
Credit Quality / Interest Rate SensitivityMedium / Limited
Min. Initial Investment
Morningstar’s Fund Analysis RSDYX
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