Morningstar

Victory Ultra Short-Term Bond Class A USBAX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.10  /  +0.01 %
  • Total Assets 264.1 Mil
  • Adj. Expense Ratio
    0.860%
  • Expense Ratio 0.860%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.03%
  • Effective Duration 0.64 years

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 10:19 PM GMT+0

Morningstar’s Analysis USBAX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Victory Ultra Short-Term Bond Class A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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
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Portfolio Holdings USBAX

More USBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Huntington Ingalls Industries, Inc. 0%

0.92 2.6 Mil
Cash and Equivalents

Hannover Funding Company LLC 0%

0.87 2.5 Mil
Cash and Equivalents

Conagra Brands Inc 0%

0.77 2.2 Mil
Cash and Equivalents

AutoNation, Inc. 0%

0.70 2.0 Mil
Cash and Equivalents

Guadalupe Valley Electric Cooperative Inc. 0%

0.70 2.0 Mil
Cash and Equivalents

Societe Generale S.A. 0%

0.60 1.7 Mil
Corporate

Citizens Bank National Association 6.064%

0.59 1.7 Mil
Corporate

KeyCorp 6.59%

0.58 1.6 Mil
Corporate

Octagon Investment Partners XXI Ltd. 6.584%

0.55 1.6 Mil
Securitized

Concentrix Corp. 6.65%

0.53 1.5 Mil
Corporate

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