Victory Incore Fund for Income takes an atypical approach to the GNMA market and has shown skill in executing it. Unfortunately, the fund’s expenses are on the high side, and the small team gives us pause. The strategy thus earns a Morningstar Analyst Rating of Average on all but the most-expensive share class, which gets Negative.
Will VFFCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VFFCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VFFCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VFFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.