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Victory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
mutual fund
URSBX
Payout Change
Pending
Price as of:
$9.11
-0.01
-0.11%
primary theme
U.S. Short-Term Bond Duration
share class
URSBX (Mutual Fund)
Victory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
Payout Change
Pending
Price as of:
$9.11
-0.01
-0.11%
primary theme
U.S. Short-Term Bond Duration
share class
URSBX (Mutual Fund)
Victory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
Payout Change
Pending
Price as of:
$9.11
-0.01
-0.11%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/09/2024Price
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
$9.11
$2.63 B
4.58%
$0.42
0.33%
Vitals
YTD Return
6.9%
1 yr return
8.0%
3 Yr Avg Return
3.4%
5 Yr Avg Return
3.3%
Net Assets
$2.63 B
Holdings in Top 10
11.8%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
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
$9.11
$2.63 B
4.58%
$0.42
0.33%
URSBX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.50%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateDec 02, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
The Fund normally invests at least 80% of its assets in a broad range of investment-grade debt securities that have a dollar-weighted average portfolio maturity of three years or less. The debt securities in which the Fund may invest include, among others, obligations of U.S., state, and local governments, and their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; and other securities believed to have debt-like characteristics. Although the Fund will invest primarily in investment-grade securities, the Fund also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred to as high-yield or “junk” bonds. The Fund also may invest up to 20% of its assets in foreign debt securities, including non-dollar-denominated securities and emerging markets securities. The Fund’s 80% policy may be changed upon at least 60 days’ prior written notice to shareholders.
Read More
URSBX - Performance
Return Ranking - Trailing
| Period | URSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | 1.2% | 19.9% | 7.29% |
| 1 Yr | 8.0% | 2.4% | 21.2% | 7.87% |
| 3 Yr | 3.4%* | -4.9% | 6.0% | 4.09% |
| 5 Yr | 3.3%* | -3.8% | 6.0% | 5.35% |
| 10 Yr | N/A* | -18.7% | 170.5% | 10.71% |
* Annualized
Return Ranking - Calendar
| Period | URSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -1.6% | 7.6% | 33.65% |
| 2022 | -5.2% | -17.7% | -2.6% | 14.48% |
| 2021 | -1.7% | -4.0% | 4.4% | 59.96% |
| 2020 | 1.3% | -7.1% | 7.6% | 73.46% |
| 2019 | 2.0% | -2.3% | 9.3% | 47.23% |
Total Return Ranking - Trailing
| Period | URSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | 1.2% | 19.9% | 7.29% |
| 1 Yr | 8.0% | 2.4% | 21.2% | 7.87% |
| 3 Yr | 3.4%* | -4.9% | 6.0% | 4.09% |
| 5 Yr | 3.3%* | -3.8% | 6.0% | 5.35% |
| 10 Yr | N/A* | -18.7% | 170.5% | 10.27% |
* Annualized
Total Return Ranking - Calendar
| Period | URSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.0% | 1.8% | 15.2% | 14.23% |
| 2022 | -2.5% | -17.3% | -1.3% | 1.37% |
| 2021 | 1.4% | -2.7% | 7.7% | 13.28% |
| 2020 | 5.0% | -2.4% | 14.5% | 29.01% |
| 2019 | 3.8% | 0.6% | 12.6% | 82.77% |
NAV & Total Return History
URSBX - Holdings
Concentration Analysis
| URSBX | Category Low | Category High | URSBX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.63 B | 14.5 K | 57.3 B | 30.46% |
| Number of Holdings | 885 | 2 | 8314 | 22.41% |
| Net Assets in Top 10 | 301 M | 1.05 M | 6.81 B | 45.40% |
| Weighting of Top 10 | 11.76% | 2.0% | 108.1% | 85.44% |
Top 10 Holdings
- U S TREASURY NOTE 1.96%
- U S TREASURY NOTE 1.93%
- U S TREASURY NOTE 1.76%
- U S TREASURY NOTE 1.65%
- U S TREASURY NOTE 1.61%
- U S TREASURY NOTE 0.63%
- JABIL INC 0.59%
- COMM 2014 277P MORTGAGE TRUST 0.57%
- OVINTIV INC 0.55%
- DEVON ENERGY CORP 0.52%
Asset Allocation
| Weighting | Return Low | Return High | URSBX % Rank | |
|---|---|---|---|---|
| Bonds | 91.92% | 0.00% | 131.65% | 33.52% |
| Cash | 8.36% | -20.59% | 68.64% | 20.31% |
| Convertible Bonds | 0.43% | 0.00% | 27.71% | 88.10% |
| Preferred Stocks | 0.23% | 0.00% | 24.12% | 10.54% |
| Stocks | 0.00% | 0.00% | 99.96% | 50.19% |
| Other | 0.00% | -0.97% | 73.75% | 79.69% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | URSBX % Rank | |
|---|---|---|---|---|
| Corporate | 45.94% | 0.00% | 99.82% | 41.46% |
| Securitized | 38.73% | 0.00% | 97.27% | 21.69% |
| Municipal | 9.11% | 0.00% | 14.41% | 0.58% |
| Cash & Equivalents | 8.36% | 0.00% | 68.64% | 19.73% |
| Government | 0.98% | 0.00% | 73.63% | 90.21% |
| Derivative | 0.00% | -0.72% | 25.70% | 57.28% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | URSBX % Rank | |
|---|---|---|---|---|
| US | 91.92% | 0.00% | 126.86% | 29.89% |
| Non US | 0.00% | 0.00% | 87.70% | 45.21% |
URSBX - Expenses
Operational Fees
| URSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.33% | 0.01% | 3.29% | 85.96% |
| Management Fee | 0.23% | 0.00% | 1.19% | 19.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.41% | 25.12% |
Sales Fees
| URSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| URSBX 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.
| URSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 500.00% | 27.52% |
URSBX - Distributions
Dividend Yield Analysis
| URSBX | Category Low | Category High | URSBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.58% | 0.00% | 11.11% | 39.66% |
Dividend Distribution Analysis
| URSBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| URSBX | Category Low | Category High | URSBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.50% | -1.27% | 4.98% | 4.48% |
Capital Gain Distribution Analysis
| URSBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.035 | OrdinaryDividend |
| Oct 31, 2024 | $0.036 | OrdinaryDividend |
| Sep 30, 2024 | $0.035 | OrdinaryDividend |
| Aug 30, 2024 | $0.036 | OrdinaryDividend |
| Jul 31, 2024 | $0.037 | OrdinaryDividend |
| Mar 28, 2024 | $0.034 | OrdinaryDividend |
| Feb 29, 2024 | $0.032 | OrdinaryDividend |
| Jan 31, 2024 | $0.033 | OrdinaryDividend |
| Dec 29, 2023 | $0.045 | OrdinaryDividend |
| Nov 30, 2023 | $0.032 | OrdinaryDividend |
| Oct 31, 2023 | $0.032 | OrdinaryDividend |
| Sep 29, 2023 | $0.030 | OrdinaryDividend |
| Aug 31, 2023 | $0.030 | OrdinaryDividend |
| Jul 31, 2023 | $0.030 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.027 | OrdinaryDividend |
| Mar 31, 2023 | $0.026 | OrdinaryDividend |
| Feb 28, 2023 | $0.023 | OrdinaryDividend |
| Jan 31, 2023 | $0.025 | OrdinaryDividend |
| Dec 30, 2022 | $0.034 | OrdinaryDividend |
| Nov 30, 2022 | $0.021 | OrdinaryDividend |
| Oct 31, 2022 | $0.020 | OrdinaryDividend |
| Sep 30, 2022 | $0.021 | OrdinaryDividend |
| Aug 31, 2022 | $0.019 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.017 | OrdinaryDividend |
| May 31, 2022 | $0.016 | OrdinaryDividend |
| Apr 29, 2022 | $0.017 | OrdinaryDividend |
| Mar 31, 2022 | $0.016 | OrdinaryDividend |
| Feb 28, 2022 | $0.015 | OrdinaryDividend |
| Jan 31, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.025 | OrdinaryDividend |
| Dec 16, 2021 | $0.054 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.016 | OrdinaryDividend |
| Oct 29, 2021 | $0.015 | OrdinaryDividend |
| Sep 30, 2021 | $0.014 | OrdinaryDividend |
| Aug 31, 2021 | $0.016 | OrdinaryDividend |
| Jul 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.016 | OrdinaryDividend |
| Apr 30, 2021 | $0.020 | OrdinaryDividend |
| Mar 31, 2021 | $0.019 | OrdinaryDividend |
| Feb 26, 2021 | $0.020 | OrdinaryDividend |
| Jan 29, 2021 | $0.019 | OrdinaryDividend |
| Dec 31, 2020 | $0.024 | OrdinaryDividend |
| Dec 16, 2020 | $0.026 | CapitalGainShortTerm |
| Dec 16, 2020 | $0.016 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.020 | OrdinaryDividend |
| Oct 30, 2020 | $0.024 | OrdinaryDividend |
| Sep 30, 2020 | $0.022 | OrdinaryDividend |
| Aug 31, 2020 | $0.020 | OrdinaryDividend |
| Jul 31, 2020 | $0.025 | OrdinaryDividend |
| Jun 30, 2020 | $0.023 | OrdinaryDividend |
| May 29, 2020 | $0.023 | OrdinaryDividend |
| Apr 30, 2020 | $0.024 | OrdinaryDividend |
| Mar 31, 2020 | $0.023 | OrdinaryDividend |
| Feb 28, 2020 | $0.019 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.024 | OrdinaryDividend |
| Dec 17, 2019 | $0.002 | CapitalGainShortTerm |
| Dec 08, 2017 | $0.000 | CapitalGainLongTerm |
URSBX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jan 04, 2007
15.41
15.4%
Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Brian Smith
Start Date
Tenure
Tenure Rank
Dec 01, 2013
8.5
8.5%
Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He is a member of the CFA Institute and the CFA Society of San Antonio.
John Spear
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Kurt Daum
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Douglas Rollwitz
Start Date
Tenure
Tenure Rank
Dec 01, 2019
2.5
2.5%
Douglas J. Rollwitz, CFA, CPA, is Assistant Investment Portfolio Manager at USAA Asset Management Company. Mr. Rollwitz has worked for us for 21 years. Education: B.B.A., University of Texas at San Antonio; M.B.A., University of Texas at Arlington. He holds the CFA designation and is a member of the CFA Institute and the San Antonio Financial Analysts Society.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
