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Morningstar

Victory Ultra Short-Term Bond UUSTX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 9.89  /  0.01 %
  • Total Assets 300.4 Mil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.11%
  • Effective Duration 0.73 years

USD | NAV as of May 31, 2023 | 1-Day Return as of May 31, 2023, 10:19 PM GMT+0

Morningstar’s Analysis UUSTX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Victory Ultra Short-Term Bond to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings UUSTX

More UUSTX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 355
  • Other Holdings 39
  • % Assets in Top 10 Holdings 5.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AutoNation, Inc. 0%

0.96
2,998,645
Cash and Equivalents

Bacardi Martini B V 0%

0.96
2,993,962
Cash and Equivalents

International Flavors & Fragrances Inc. 0%

0.88
2,748,836
Cash and Equivalents

FMC Corporation 0%

0.80
2,498,879
Cash and Equivalents

OVINTIV INC 0%

0.64
1,998,490
Cash and Equivalents

Avis Budget Rental Car Funding AESOP LLC 4%

0.64
1,989,334
Securitized

Buckeye Partners LP 4.15%

0.64
1,987,780
Corporate

JP Morgan Chase Commercial Mortgage Securities Trust 2013-C13 4.157%

0.64
1,986,709
Securitized

Spirit Airlines Incorporation 2015-1 4.45%

0.61
1,891,701
Securitized

Societe Generale S.A. 0%

0.53
1,658,711
Corporate