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Victory Floating Rate R RSFKX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
9.40  /  0.01 %
Total Assets
1.8 Bil
Adj. Expense Ratio
1.560%
Expense Ratio
1.560%
Fee Level
High
Longest Manager Tenure
8.24 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
3.94%
Effective Duration
0.74 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 10:30 PM GMT+00:00

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Morningstar’s Analysis

Will RSFKX outperform in future?

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

Process Pillar

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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

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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

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The Parent Pillar is our rating of RSFKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Manager Departures at Victory Floating Rate Do Not Change Its Rating

Associate Director

Analyst Note

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On March 18, 2021, Victory Floating Rate Fund lost two of its longtime managers: Kevin Booth and Paul Gillin. The fund is managed by Park Avenue Investment Advisors, a subsidiary of Guardian Life Insurance. The official reason for their departure was retirement. Booth had managed the strategy since 2010 and was in charge of the advisor’s high-yield and bank-loan effort; Gillin started on the fund’s management team in 2014.

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