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Morningstar

Victory Fund for Income C VFFCX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 6.78  /  +0.15 %
  • Total Assets 328.3 Mil
  • Adj. Expense Ratio
    1.710%
  • Expense Ratio 1.710%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.61%
  • Effective Duration 2.25 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:08 AM GMT+0

Morningstar’s Analysis VFFCX

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.

Perhaps Total Return would be a more fitting name.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

The fund was renamed from the retired Incore brand to Victory Fund for Income. While the aim is stable income, it has not delivered over the long term. Gradually, the fund's net asset value has eroded over the past several years, leaving behind a smaller amount of principal off of which to generate its monthly dividend. In the trailing 12 months ended May 31, 2014, it paid 56 cents in dividends cumulatively. As of May 31, 2024, that figure dropped to 39 cents.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings VFFCX

More VFFCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 7.625%

12.75 41.4 Mil
Government

United States Treasury Bills 0%

8.20 26.6 Mil
Government

Government National Mortgage Association 5.5%

2.95 9.6 Mil
Securitized

Government National Mortgage Association 6.5%

1.94 6.3 Mil
Securitized

Government National Mortgage Association 6.5%

1.75 5.7 Mil
Securitized

Government National Mortgage Association 6%

1.72 5.6 Mil
Securitized

Government National Mortgage Association 5%

1.70 5.5 Mil
Securitized

Government National Mortgage Association 7%

1.67 5.4 Mil
Securitized

Government National Mortgage Association 7%

1.59 5.2 Mil
Securitized

Government National Mortgage Association 7%

1.55 5.0 Mil
Securitized