Morningstar

Victory Fund for Income Class Y VFFYX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 6.72  /  −0.15 %
  • Total Assets 338.4M
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.710%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 5.12%
  • Effective Duration 2.60 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:18 AM GMT+0

Morningstar’s Analysis VFFYX

Will VFFYX outperform in the 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 VFFYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A specialized mortgage-income play that still depends on the rate backdrop.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

Victory Fund for Income’s appeal rests on durable prepayment-risk discipline, experienced execution, and a long record that has rewarded patience despite bouts of interest-rate-driven weakness.

by Maciej Kowara
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Portfolio Holdings VFFYX

More VFFYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 6.25%

10.27 34M
Government

United States Treasury Bonds 6.125%

10.13 34M
Government

United States Treasury Bills 0%

9.57 32M
Government

Government National Mortgage Association 5.5%

2.27 8M
Securitized

Government National Mortgage Association 6%

1.86 6M
Securitized

Government National Mortgage Association 6.5%

1.63 5M
Securitized

Government National Mortgage Association 6%

1.52 5M
Securitized

Government National Mortgage Association 5.5%

1.51 5M
Securitized

Government National Mortgage Association 5.5%

1.44 5M
Securitized

Government National Mortgage Association 5%

1.17 4M
Securitized

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