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Victory Floating Rate Y RSFYX

Analyst rating as of
NAV / 1-Day Return
9.39  /  0.01 %
Total Assets
1.4 Bil
Adj. Expense Ratio
0.780%
Expense Ratio
0.780%
Fee Level
Above Average
Longest Manager Tenure
8.01 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
4.98%
Effective Duration
0.57 years
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Morningstar’s Analysis

Will RSFYX outperform in future?

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

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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