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Victory INCORE Low Duration Bond Y RSDYX

Analyst rating as of
NAV / 1-Day Return
9.69  /  0.01 %
Total Assets
179.2 Mil
Adj. Expense Ratio
0.620%
Expense Ratio
0.620%
Fee Level
High
Longest Manager Tenure
6.42 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
1.60%
Effective Duration
1.74 years

Morningstar’s Fund Analysis RSDYX

Will RSDYX 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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