The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UASBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the UASBX 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 UASBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
More risk but measured.
Ken Noguchi
Analyst
Summary
Increased confidence in Victory Short-Term Bond team’s expertise, which drives robust fundamental research, merits a People Pillar upgrade to Above Average from Average.