The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RSFCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RSFCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of RSFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Finding its footing.
Rafael Ramirez
Associate Analyst
Summary
A flurry of team changes combined with process missteps tempers our confidence in Victory Floating Rate.