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.
Victory INCORE Fund for Income C VFFCX
NAV / 1-Day Return
8.11
/
0.00
Total Assets
797.1 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.710%
Expense Ratio
1.710%
Fee Level
High
Longest Manager Tenure
15.18
years
Category
Short Government
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
3.95%
Effective Duration
2.92
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VFFCX 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 VFFCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of VFFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A very distinctive take on a relatively tame asset class.
