Victory Floating Rate Fund’s returns look attractive, which partly reflects its aggressive credit profile. Its team, while experienced, is relatively small, though, and saw a departure of two of three managers in early 2021. The strategy’s cheapest share classes thus earn a Morningstar Analyst Rating of Neutral, while its more expensive ones earn that of Negative.
Victory Floating Rate R RSFKX
NAV / 1-Day Return
9.30
/
0.11
%
Total Assets
2.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.560%
Expense Ratio
1.560%
Fee Level
High
Longest Manager Tenure
8.75
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
3.35%
Effective Duration
0.94
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will RSFKX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RSFKX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RSFKX 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 RSFKX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Attractive returns with above-average volatility.
