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Victory Market Neutral Income Fund
mutual fund
CBHAX
Payout Change
Pending
Price as of:
$8.39
+0.0
+0.0%
primary theme
N/A
share class
CBHAX (Mutual Fund)
Victory Market Neutral Income Fund
Payout Change
Pending
Price as of:
$8.39
+0.0
+0.0%
primary theme
N/A
share class
CBHAX (Mutual Fund)
Victory Market Neutral Income Fund
Payout Change
Pending
Price as of:
$8.39
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
3.2%
3 Yr Avg Return
2.6%
5 Yr Avg Return
3.3%
Net Assets
$3.03 B
Holdings in Top 10
4.7%
52 WEEK LOW AND HIGH
$8.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CBHAX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.03%
- Dividend Yield 5.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory Market Neutral Income Fund
-
Fund Family NameVictory Portfolios
-
Inception DateNov 09, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMannik Dhillon
Fund Description
The Fund pursues its investment objective by implementing a proprietary, “market neutral” investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets.The Fund uses a multi-strategy approach. First, it seeks income from long positions in foreign and domestic dividend producing equity securities of any market capitalization size. Second, the Fund seeks to offset market risk by selling short high-correlating equity index futures contracts, such as the S&P 500® Index, Russell 2000® or MSCI EAFE + Emerging Markets Indexes, or exchange-traded funds (“ETFs”) that track such indexes.The Fund seeks to offset the remaining market risk by investing in long futures positions in the Nasdaq-100 Index and short futures positions in the S&P 500® Index, or use similar strategies the Adviser deems appropriate and necessary under current market conditions.
Read More
CBHAX - Performance
Return Ranking - Trailing
| Period | CBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.1% | -11.6% | 15.8% | 84.00% |
| 1 Yr | 3.2% | -33.0% | 41.7% | 58.25% |
| 3 Yr | 2.6%* | -10.5% | 13.4% | 44.90% |
| 5 Yr | 3.3%* | -4.8% | 11.1% | 39.76% |
| 10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.1% | -31.7% | 23.2% | 50.00% |
| 2022 | -13.2% | -20.7% | 10.7% | 56.70% |
| 2021 | 0.0% | -12.4% | 14.7% | 40.00% |
| 2020 | -0.4% | -13.2% | 12.9% | 13.92% |
| 2019 | -0.4% | -11.7% | 7.9% | 54.29% |
Total Return Ranking - Trailing
| Period | CBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.1% | -11.7% | 15.8% | 85.00% |
| 1 Yr | 3.2% | -33.0% | 41.7% | 72.82% |
| 3 Yr | 2.6%* | -10.5% | 13.4% | 63.27% |
| 5 Yr | 3.3%* | -4.8% | 11.1% | 56.63% |
| 10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CBHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -31.7% | 23.2% | 50.00% |
| 2022 | -3.0% | -20.7% | 10.7% | 56.70% |
| 2021 | 3.5% | -12.4% | 14.7% | 26.67% |
| 2020 | 4.5% | -12.7% | 12.9% | 12.66% |
| 2019 | 2.5% | -11.5% | 13.2% | 34.29% |
NAV & Total Return History
CBHAX - Holdings
Concentration Analysis
| CBHAX | Category Low | Category High | CBHAX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.03 B | 105 K | 12.6 B | 20.19% |
| Number of Holdings | 432 | 5 | 2526 | 31.73% |
| Net Assets in Top 10 | 139 M | -619 M | 6.53 B | 99.04% |
| Weighting of Top 10 | 4.68% | 7.6% | 96.1% | 31.03% |
Top 10 Holdings
- HON HAI PRECISION INDUSTRY CO LTD 0.75%
- BANK OF CHINA LTD 0.47%
- BAJAJ AUTO LTD 0.46%
- OVERSEA CHINESE BANKING CORP LTD 0.44%
- ADVANCED INFO SERVICE PCL 0.44%
- ITC LTD 0.43%
- CHINA CONSTRUCTION BANK CORP 0.43%
- TENAGA NASIONAL BHD 0.42%
- KONINKLIJKE KPN NV 0.42%
- UNITED OVERSEAS BANK 0.42%
Asset Allocation
| Weighting | Return Low | Return High | CBHAX % Rank | |
|---|---|---|---|---|
| Stocks | 89.19% | -57.09% | 325.56% | 59.62% |
| Cash | 11.25% | -225.56% | 102.75% | 22.12% |
| Preferred Stocks | 0.00% | 0.00% | 5.67% | 54.81% |
| Convertible Bonds | 0.00% | 0.00% | 95.47% | 65.38% |
| Bonds | 0.00% | -1.04% | 63.30% | 64.42% |
| Other | -0.44% | -11.90% | 43.69% | 58.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CBHAX % Rank | |
|---|---|---|---|---|
| Technology | 19.63% | 0.00% | 100.00% | 35.48% |
| Financial Services | 16.01% | 0.00% | 98.37% | 37.63% |
| Communication Services | 12.88% | 0.00% | 33.72% | 4.30% |
| Utilities | 10.56% | 0.00% | 66.28% | 5.38% |
| Consumer Cyclical | 10.22% | 0.00% | 29.06% | 45.16% |
| Consumer Defense | 8.42% | 0.00% | 30.58% | 12.90% |
| Industrials | 6.80% | 0.00% | 27.58% | 69.89% |
| Healthcare | 5.41% | 0.00% | 27.28% | 72.04% |
| Basic Materials | 5.16% | 0.00% | 42.74% | 35.48% |
| Energy | 4.00% | 0.00% | 53.30% | 43.01% |
| Real Estate | 0.90% | 0.00% | 93.91% | 49.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CBHAX % Rank | |
|---|---|---|---|---|
| Non US | 44.82% | -7.09% | 86.98% | 3.85% |
| US | 44.37% | -55.82% | 325.56% | 91.35% |
CBHAX - Expenses
Operational Fees
| CBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.73% | 9.52% | 89.32% |
| Management Fee | 0.35% | 0.13% | 1.65% | 6.73% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.37% |
| Administrative Fee | N/A | 0.06% | 0.40% | 61.11% |
Sales Fees
| CBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.75% | 5.75% | 11.11% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CBHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 30.00% | 483.00% | 30.34% |
CBHAX - Distributions
Dividend Yield Analysis
| CBHAX | Category Low | Category High | CBHAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.80% | 0.00% | 0.75% | 36.54% |
Dividend Distribution Analysis
| CBHAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| CBHAX | Category Low | Category High | CBHAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.03% | -2.49% | 4.20% | 4.85% |
Capital Gain Distribution Analysis
| CBHAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.041 | OrdinaryDividend |
| Aug 21, 2024 | $0.041 | OrdinaryDividend |
| Jul 22, 2024 | $0.040 | OrdinaryDividend |
| May 28, 2024 | $0.045 | OrdinaryDividend |
| Apr 24, 2024 | $0.019 | OrdinaryDividend |
| Mar 25, 2024 | $0.038 | OrdinaryDividend |
| Feb 21, 2024 | $0.011 | OrdinaryDividend |
| Jan 22, 2024 | $0.028 | OrdinaryDividend |
| Dec 21, 2023 | $0.024 | OrdinaryDividend |
| Nov 21, 2023 | $0.017 | OrdinaryDividend |
| Oct 19, 2023 | $0.023 | OrdinaryDividend |
| Sep 18, 2023 | $0.034 | OrdinaryDividend |
| Aug 17, 2023 | $0.008 | OrdinaryDividend |
| Jul 20, 2023 | $0.062 | OrdinaryDividend |
| Jun 21, 2023 | $0.043 | OrdinaryDividend |
| May 23, 2023 | $0.042 | OrdinaryDividend |
| Apr 20, 2023 | $0.030 | OrdinaryDividend |
| Mar 21, 2023 | $0.031 | OrdinaryDividend |
| Feb 21, 2023 | $0.011 | OrdinaryDividend |
| Jan 19, 2023 | $0.029 | OrdinaryDividend |
| Dec 21, 2022 | $0.024 | OrdinaryDividend |
| Dec 14, 2022 | $0.655 | OrdinaryDividend |
| Nov 22, 2022 | $0.017 | OrdinaryDividend |
| Oct 20, 2022 | $0.028 | OrdinaryDividend |
| Sep 19, 2022 | $0.039 | OrdinaryDividend |
| Aug 18, 2022 | $0.026 | OrdinaryDividend |
| Jul 21, 2022 | $0.047 | OrdinaryDividend |
| Jun 22, 2022 | $0.044 | OrdinaryDividend |
| May 24, 2022 | $0.032 | OrdinaryDividend |
| Apr 21, 2022 | $0.021 | OrdinaryDividend |
| Mar 22, 2022 | $0.022 | OrdinaryDividend |
| Feb 22, 2022 | $0.008 | OrdinaryDividend |
| Jan 20, 2022 | $0.013 | OrdinaryDividend |
| Dec 22, 2021 | $0.028 | OrdinaryDividend |
| Nov 23, 2021 | $0.008 | OrdinaryDividend |
| Oct 21, 2021 | $0.043 | OrdinaryDividend |
| Sep 20, 2021 | $0.043 | OrdinaryDividend |
| Aug 19, 2021 | $0.047 | OrdinaryDividend |
| Jul 22, 2021 | $0.013 | OrdinaryDividend |
| Jun 22, 2021 | $0.026 | OrdinaryDividend |
| May 24, 2021 | $0.022 | OrdinaryDividend |
| Apr 22, 2021 | $0.040 | OrdinaryDividend |
| Mar 22, 2021 | $0.026 | OrdinaryDividend |
| Feb 19, 2021 | $0.008 | OrdinaryDividend |
| Jan 20, 2021 | $0.024 | OrdinaryDividend |
| Dec 22, 2020 | $0.023 | OrdinaryDividend |
| Dec 16, 2020 | $0.248 | OrdinaryDividend |
| Sep 23, 2020 | $0.090 | OrdinaryDividend |
| Jun 24, 2020 | $0.071 | OrdinaryDividend |
| Mar 25, 2020 | $0.039 | OrdinaryDividend |
| Dec 23, 2019 | $0.077 | OrdinaryDividend |
| Sep 25, 2019 | $0.051 | OrdinaryDividend |
| Jun 25, 2019 | $0.089 | OrdinaryDividend |
| Mar 26, 2019 | $0.055 | OrdinaryDividend |
| Dec 26, 2018 | $0.052 | OrdinaryDividend |
| Jun 26, 2018 | $0.090 | OrdinaryDividend |
| Mar 26, 2018 | $0.063 | OrdinaryDividend |
| Dec 26, 2017 | $0.052 | OrdinaryDividend |
| Sep 07, 2017 | $0.085 | OrdinaryDividend |
| Jun 13, 2017 | $0.096 | OrdinaryDividend |
| Mar 07, 2017 | $0.019 | OrdinaryDividend |
| Dec 13, 2016 | $0.066 | OrdinaryDividend |
| Sep 07, 2016 | $0.065 | OrdinaryDividend |
| Jun 14, 2016 | $0.093 | OrdinaryDividend |
| Mar 08, 2016 | $0.029 | OrdinaryDividend |
| Dec 29, 2015 | $0.004 | CapitalGainShortTerm |
| Dec 29, 2015 | $0.221 | CapitalGainLongTerm |
CBHAX - Fund Manager Analysis
Managers
Mannik Dhillon
Start Date
Tenure
Tenure Rank
May 31, 2018
4.0
4.0%
Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.59 | 6.3 | 9.42 |
