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Morningstar

Victory Floating Rate Y RSFYX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 8.05  /  0.12 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 7.86%
  • Effective Duration 0.33 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 PM GMT+0

Morningstar’s Analysis RSFYX

Will RSFYX 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 RSFYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RSFYX 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 RSFYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

For investors willing to take on the risk of serious occasional underperformance.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Victory Floating Rate’s returns have been above average, but at the cost of above average volatility; both reflect its aggressive credit profile. Its team, while experienced, is relatively small and saw the departure of two of its three managers in early 2021. The strategy’s cheapest share classes continue to carry a Morningstar Analyst Rating of Neutral, while its more expensive ones are rated Negative.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RSFYX

More RSFYX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 161
  • Other Holdings 2
  • % Assets in Top 10 Holdings 15.7
Top 10 Holdings
% Portfolio Weight
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