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Victory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
mutual fund
MUCRX
Payout Change
Pending
Price as of:
$8.41
-0.06
-0.71%
primary theme
U.S. Intermediate-Term Bond Duration
share class
MUCRX (Mutual Fund)
Victory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
Payout Change
Pending
Price as of:
$8.41
-0.06
-0.71%
primary theme
U.S. Intermediate-Term Bond Duration
share class
MUCRX (Mutual Fund)
Victory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
Payout Change
Pending
Price as of:
$8.41
-0.06
-0.71%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 10/04/2024Price
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
$8.41
$50 M
4.36%
$0.37
0.64%
Vitals
YTD Return
3.6%
1 yr return
11.8%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
0.3%
Net Assets
$50 M
Holdings in Top 10
37.3%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
$8.41
$50 M
4.36%
$0.37
0.64%
MUCRX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 0.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.73%
- Dividend Yield 4.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory Total Return Bond Fund, formerly Victory INCORE Total Return Bond Fund
-
Fund Family NameVictory Portfolios
-
Inception DateMar 04, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEdward Goard
Fund Description
The Fund may invest up to 5% of its total assets in below-investment-grade debt securities, commonly known as “high yield” securities or “junk bonds.”
Read More
MUCRX - Performance
Return Ranking - Trailing
| Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.4% | 11.7% | 68.06% |
| 1 Yr | 11.8% | -6.9% | 24.6% | 69.80% |
| 3 Yr | -1.7%* | -9.8% | 28.4% | 52.92% |
| 5 Yr | 0.3%* | -7.3% | 58.8% | 47.27% |
| 10 Yr | N/A* | -2.6% | 74.1% | 43.68% |
* Annualized
Return Ranking - Calendar
| Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.8% | -16.2% | 8.1% | 90.77% |
| 2022 | -15.4% | -34.7% | 131.9% | 32.32% |
| 2021 | -2.6% | -11.6% | 4.4% | 18.31% |
| 2020 | 5.1% | -10.1% | 946.1% | 28.80% |
| 2019 | 4.6% | -1.7% | 16.9% | 75.89% |
Total Return Ranking - Trailing
| Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.4% | 11.7% | 68.06% |
| 1 Yr | 11.8% | -6.9% | 24.6% | 69.80% |
| 3 Yr | -1.7%* | -9.8% | 28.4% | 52.92% |
| 5 Yr | 0.3%* | -7.3% | 58.8% | 47.27% |
| 10 Yr | N/A* | -2.6% | 74.1% | 41.24% |
* Annualized
Total Return Ranking - Calendar
| Period | MUCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -11.3% | 11.9% | 91.79% |
| 2022 | -13.0% | -32.2% | 131.9% | 30.22% |
| 2021 | -0.2% | -9.4% | 9.2% | 26.43% |
| 2020 | 8.0% | -1.9% | 1009.0% | 56.80% |
| 2019 | 7.6% | 1.1% | 21668.0% | 79.31% |
NAV & Total Return History
MUCRX - Holdings
Concentration Analysis
| MUCRX | Category Low | Category High | MUCRX % Rank | |
|---|---|---|---|---|
| Net Assets | 50 M | 2.9 M | 314 B | 93.47% |
| Number of Holdings | 243 | 1 | 17787 | 83.64% |
| Net Assets in Top 10 | 18.8 M | 1.62 M | 36.1 B | 91.72% |
| Weighting of Top 10 | 37.26% | 4.4% | 432.9% | 21.66% |
Top 10 Holdings
- U S TREASURY NOTE 6.50%
- U S TREASURY NOTE 5.58%
- U S TREASURY NOTE 4.93%
- U S TREASURY BOND 3.07%
- U S TREASURY NOTE 2.98%
- U S TREASURY NOTE 2.96%
- FEDERAL HOME LOAN MORTGAGE CORPORATION 2.91%
- FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.84%
- FEDERAL HOME LOAN MORTGAGE CORP 2.82%
- U S TREASURY NOTE 2.66%
Asset Allocation
| Weighting | Return Low | Return High | MUCRX % Rank | |
|---|---|---|---|---|
| Bonds | 98.88% | 0.00% | 993.61% | 28.98% |
| Convertible Bonds | 7.24% | 0.00% | 7.93% | 1.13% |
| Cash | 1.12% | -54.51% | 237.69% | 71.47% |
| Stocks | 0.00% | 0.00% | 99.99% | 75.92% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 72.29% |
| Other | 0.00% | -16.55% | 52.94% | 89.98% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MUCRX % Rank | |
|---|---|---|---|---|
| Corporate | 49.79% | 0.00% | 100.00% | 10.50% |
| Securitized | 30.09% | 0.00% | 98.40% | 48.20% |
| Government | 17.90% | 0.00% | 86.23% | 67.46% |
| Cash & Equivalents | 0.38% | -0.46% | 237.69% | 78.53% |
| Derivative | 0.00% | -1.41% | 44.82% | 78.94% |
| Municipal | 0.00% | 0.00% | 100.00% | 89.29% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MUCRX % Rank | |
|---|---|---|---|---|
| US | 98.88% | 0.00% | 993.61% | 25.77% |
| Non US | 0.00% | 0.00% | 35.41% | 75.46% |
MUCRX - Expenses
Operational Fees
| MUCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 39.64% | 55.70% |
| Management Fee | 0.40% | 0.00% | 1.76% | 67.25% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 7.71% |
| Administrative Fee | 0.08% | 0.01% | 0.50% | 49.48% |
Sales Fees
| MUCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MUCRX 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.
| MUCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 79.00% | 2.00% | 493.39% | 36.04% |
MUCRX - Distributions
Dividend Yield Analysis
| MUCRX | Category Low | Category High | MUCRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.36% | 0.00% | 10.11% | 47.14% |
Dividend Distribution Analysis
| MUCRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| MUCRX | Category Low | Category High | MUCRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.73% | -1.28% | 4.79% | 48.71% |
Capital Gain Distribution Analysis
| MUCRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.031 | OrdinaryDividend |
| Aug 21, 2024 | $0.027 | OrdinaryDividend |
| Jul 22, 2024 | $0.026 | OrdinaryDividend |
| Apr 24, 2024 | $0.026 | OrdinaryDividend |
| Mar 25, 2024 | $0.032 | OrdinaryDividend |
| Feb 21, 2024 | $0.030 | OrdinaryDividend |
| Jan 22, 2024 | $0.027 | OrdinaryDividend |
| Dec 21, 2023 | $0.031 | OrdinaryDividend |
| Nov 21, 2023 | $0.016 | OrdinaryDividend |
| Oct 19, 2023 | $0.028 | OrdinaryDividend |
| Sep 18, 2023 | $0.024 | OrdinaryDividend |
| Aug 17, 2023 | $0.029 | OrdinaryDividend |
| Jul 20, 2023 | $0.022 | OrdinaryDividend |
| Jun 21, 2023 | $0.027 | OrdinaryDividend |
| May 23, 2023 | $0.026 | OrdinaryDividend |
| Apr 20, 2023 | $0.022 | OrdinaryDividend |
| Mar 21, 2023 | $0.025 | OrdinaryDividend |
| Feb 21, 2023 | $0.025 | OrdinaryDividend |
| Jan 19, 2023 | $0.019 | OrdinaryDividend |
| Dec 21, 2022 | $0.025 | OrdinaryDividend |
| Nov 22, 2022 | $0.021 | OrdinaryDividend |
| Oct 20, 2022 | $0.022 | OrdinaryDividend |
| Sep 19, 2022 | $0.021 | OrdinaryDividend |
| Aug 18, 2022 | $0.017 | OrdinaryDividend |
| Jul 21, 2022 | $0.018 | OrdinaryDividend |
| Jun 22, 2022 | $0.019 | OrdinaryDividend |
| May 24, 2022 | $0.022 | OrdinaryDividend |
| Apr 21, 2022 | $0.019 | OrdinaryDividend |
| Mar 22, 2022 | $0.020 | OrdinaryDividend |
| Feb 22, 2022 | $0.019 | OrdinaryDividend |
| Jan 20, 2022 | $0.019 | OrdinaryDividend |
| Dec 22, 2021 | $0.018 | OrdinaryDividend |
| Nov 23, 2021 | $0.021 | OrdinaryDividend |
| Oct 21, 2021 | $0.020 | OrdinaryDividend |
| Sep 20, 2021 | $0.020 | OrdinaryDividend |
| Aug 19, 2021 | $0.019 | OrdinaryDividend |
| Jul 22, 2021 | $0.013 | OrdinaryDividend |
| Jun 22, 2021 | $0.021 | OrdinaryDividend |
| May 24, 2021 | $0.022 | OrdinaryDividend |
| Apr 22, 2021 | $0.023 | OrdinaryDividend |
| Mar 22, 2021 | $0.024 | OrdinaryDividend |
| Feb 19, 2021 | $0.021 | OrdinaryDividend |
| Jan 20, 2021 | $0.018 | OrdinaryDividend |
| Dec 22, 2020 | $0.022 | OrdinaryDividend |
| Nov 24, 2020 | $0.019 | OrdinaryDividend |
| Oct 27, 2020 | $0.024 | OrdinaryDividend |
| Sep 23, 2020 | $0.019 | OrdinaryDividend |
| Aug 25, 2020 | $0.028 | OrdinaryDividend |
| Jul 23, 2020 | $0.019 | OrdinaryDividend |
| Jun 24, 2020 | $0.025 | OrdinaryDividend |
| May 20, 2020 | $0.019 | OrdinaryDividend |
| Apr 23, 2020 | $0.024 | OrdinaryDividend |
| Mar 25, 2020 | $0.023 | OrdinaryDividend |
| Feb 25, 2020 | $0.023 | OrdinaryDividend |
| Jan 23, 2020 | $0.022 | OrdinaryDividend |
| Dec 23, 2019 | $0.024 | OrdinaryDividend |
| Nov 25, 2019 | $0.023 | OrdinaryDividend |
| Oct 24, 2019 | $0.024 | OrdinaryDividend |
| Sep 25, 2019 | $0.024 | OrdinaryDividend |
| Aug 27, 2019 | $0.016 | OrdinaryDividend |
| Jul 25, 2019 | $0.024 | OrdinaryDividend |
| Jun 25, 2019 | $0.022 | OrdinaryDividend |
| May 23, 2019 | $0.024 | OrdinaryDividend |
| Apr 25, 2019 | $0.027 | OrdinaryDividend |
| Mar 26, 2019 | $0.023 | OrdinaryDividend |
| Feb 25, 2019 | $0.022 | OrdinaryDividend |
| Jan 24, 2019 | $0.021 | OrdinaryDividend |
| Dec 26, 2018 | $0.026 | OrdinaryDividend |
| Nov 27, 2018 | $0.027 | OrdinaryDividend |
| Oct 25, 2018 | $0.025 | OrdinaryDividend |
| Aug 28, 2018 | $0.039 | OrdinaryDividend |
| Jul 25, 2018 | $0.026 | OrdinaryDividend |
| Jun 26, 2018 | $0.028 | OrdinaryDividend |
| May 24, 2018 | $0.030 | OrdinaryDividend |
| Apr 24, 2018 | $0.027 | OrdinaryDividend |
| Mar 26, 2018 | $0.027 | OrdinaryDividend |
| Feb 23, 2018 | $0.025 | OrdinaryDividend |
| Jan 25, 2018 | $0.027 | OrdinaryDividend |
| Dec 26, 2017 | $0.025 | OrdinaryDividend |
| Nov 27, 2017 | $0.025 | OrdinaryDividend |
| Oct 26, 2017 | $0.027 | OrdinaryDividend |
| Sep 26, 2017 | $0.027 | OrdinaryDividend |
| Aug 28, 2017 | $0.025 | OrdinaryDividend |
| Jul 26, 2017 | $0.016 | OrdinaryDividend |
| Jun 27, 2017 | $0.030 | OrdinaryDividend |
| May 25, 2017 | $0.031 | OrdinaryDividend |
| Apr 25, 2017 | $0.031 | OrdinaryDividend |
| Mar 28, 2017 | $0.037 | OrdinaryDividend |
| Feb 23, 2017 | $0.027 | OrdinaryDividend |
| Jan 26, 2017 | $0.028 | OrdinaryDividend |
| Dec 28, 2016 | $0.036 | OrdinaryDividend |
| Nov 28, 2016 | $0.030 | OrdinaryDividend |
| Oct 27, 2016 | $0.033 | OrdinaryDividend |
| Sep 28, 2016 | $0.029 | OrdinaryDividend |
| Aug 25, 2016 | $0.028 | OrdinaryDividend |
| Jul 27, 2016 | $0.031 | OrdinaryDividend |
| Jun 28, 2016 | $0.029 | OrdinaryDividend |
| May 26, 2016 | $0.028 | OrdinaryDividend |
| Apr 27, 2016 | $0.029 | OrdinaryDividend |
| Mar 29, 2016 | $0.030 | OrdinaryDividend |
| Feb 25, 2016 | $0.029 | OrdinaryDividend |
| Jan 27, 2016 | $0.025 | OrdinaryDividend |
| Dec 29, 2015 | $0.029 | OrdinaryDividend |
| Nov 24, 2015 | $0.031 | OrdinaryDividend |
| Oct 28, 2015 | $0.031 | OrdinaryDividend |
| Sep 28, 2015 | $0.029 | OrdinaryDividend |
| Aug 27, 2015 | $0.026 | OrdinaryDividend |
| Jul 29, 2015 | $0.025 | OrdinaryDividend |
| Jun 26, 2015 | $0.023 | OrdinaryDividend |
| May 27, 2015 | $0.024 | OrdinaryDividend |
| Apr 28, 2015 | $0.024 | OrdinaryDividend |
| Mar 27, 2015 | $0.024 | OrdinaryDividend |
MUCRX - Fund Manager Analysis
Managers
Edward Goard
Start Date
Tenure
Tenure Rank
Oct 31, 2009
12.59
12.6%
Edward D. Goard is a Chief Investment Officer of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. Mr. Goard has been with the INCORE since 2014. From 2007-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. He was previously with Barclays Global Investors (BGI) as a senior portfolio manager and the head of interest rate and mortgage strategies. Mr. Goard is a CFA charterholder. Mr. Goard earned a B.S. in International Finance from San Francisco State University.
James Kelts
Start Date
Tenure
Tenure Rank
Oct 26, 2012
9.6
9.6%
James R. Kelts is a Senior Portfolio Manager of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. He has been with the INCORE since 2014. From 2003-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. Mr. Kelts is a CFA charterholder. Mr. Kelts earned a B.A. in Finance from Michigan State University, is a CFA® charterholder, and a member of the CFA Institute and the CFA Society of Detroit.
Richard Consul
Start Date
Tenure
Tenure Rank
Oct 26, 2012
9.6
9.6%
Richard A. Consul is a Senior Portfolio Manager of INCORE Capital Management and has been a co-portfolio manager of the Victory INCORE Investment Quality Bond Fund and Victory INCORE Low Duration Bond Fund since 2016. He has been with the Adviser since 2014. From 2010-2014, he was an investment professional with Munder Capital Management, which was acquired by the INCORE in 2014. Prior to that, Mr. Consul was a foreign exchange currency trader and a futures/options trader specializing in crude oil for a commodities hedge fund portfolio. Mr. Consul is a CFA charterholder. He earned a B.B.A. in Finance with a minor in Mathematics and an M.S.E. in Financial Engineering from the University of Michigan. He is a member of the International Association of Financial Engineers.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.78 | 1.16 |
