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Victory Ultra Short-Term Bond Fund (Formerly USAA Ultra Short-Term Bond Fund)
mutual fund
URUSX
Payout Change
Pending
Price as of:
$10.09
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
URUSX (Mutual Fund)
Victory Ultra Short-Term Bond Fund (Formerly USAA Ultra Short-Term Bond Fund)
Payout Change
Pending
Price as of:
$10.09
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
URUSX (Mutual Fund)
Victory Ultra Short-Term Bond Fund (Formerly USAA Ultra Short-Term Bond Fund)
Payout Change
Pending
Price as of:
$10.09
+0.0
+0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
Name
As of 12/10/2024Price
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
$10.09
$264 M
5.26%
$0.53
0.55%
Vitals
YTD Return
6.5%
1 yr return
6.9%
3 Yr Avg Return
4.1%
5 Yr Avg Return
3.3%
Net Assets
$264 M
Holdings in Top 10
6.3%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
$10.09
$264 M
5.26%
$0.53
0.55%
URUSX - Profile
Distributions
- YTD Total Return 6.5%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.09%
- Dividend Yield 5.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Ultra Short-Term Bond Fund (Formerly USAA Ultra Short-Term Bond Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateMar 02, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Smith
Fund Description
The Fund’s principal investment strategy is normally to invest at least 80% of the Fund’s assets in investment-grade debt securities that have a dollar-weighted average portfolio maturity of 18 months (one and a half years) or less. The Fund invests primarily in U.S. dollar-denominated debt securities that may include, but are not limited to, obligations of U.S., state, and local governments, their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; Yankee obligations; and other securities believed to have debt-like characteristics. This 80% policy may be changed upon at least 60 days’ prior written notice to shareholders.In addition, the Fund may invest up to 10% of its net assets in securities that at the time of purchase are below-investment-grade securities, which are sometimes referred to as high-yield or “junk” bonds.
Read More
URUSX - Performance
Return Ranking - Trailing
| Period | URUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.5% | 0.3% | 8.6% | 9.43% |
| 1 Yr | 6.9% | 1.3% | 9.3% | 12.74% |
| 3 Yr | 4.1%* | -0.9% | 7.1% | 19.61% |
| 5 Yr | 3.3%* | -0.8% | 4.4% | 4.23% |
| 10 Yr | N/A* | -4.1% | 27.9% | 5.97% |
* Annualized
Return Ranking - Calendar
| Period | URUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -2.3% | 4.3% | 33.02% |
| 2022 | -2.6% | -6.5% | 0.5% | 63.41% |
| 2021 | -0.1% | -2.1% | 0.3% | 14.57% |
| 2020 | 0.8% | -3.1% | 1.8% | 17.28% |
| 2019 | 1.7% | -1.2% | 6.1% | 4.97% |
Total Return Ranking - Trailing
| Period | URUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.5% | 0.3% | 8.6% | 9.43% |
| 1 Yr | 6.9% | 1.3% | 9.3% | 12.74% |
| 3 Yr | 4.1%* | -0.9% | 7.1% | 19.61% |
| 5 Yr | 3.3%* | -0.8% | 4.4% | 4.23% |
| 10 Yr | N/A* | -4.1% | 27.9% | 5.97% |
* Annualized
Total Return Ranking - Calendar
| Period | URUSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | 0.8% | 12.1% | 11.32% |
| 2022 | -0.3% | -5.1% | 2.5% | 55.61% |
| 2021 | 1.0% | -2.1% | 14.5% | 10.05% |
| 2020 | 3.3% | -1.0% | 3.6% | 1.57% |
| 2019 | 3.5% | 0.3% | 9.6% | 24.31% |
NAV & Total Return History
URUSX - Holdings
Concentration Analysis
| URUSX | Category Low | Category High | URUSX % Rank | |
|---|---|---|---|---|
| Net Assets | 264 M | 26.6 K | 22.6 B | 76.42% |
| Number of Holdings | 388 | 2 | 1258 | 33.02% |
| Net Assets in Top 10 | 17.1 M | 27.7 K | 22.7 B | 88.21% |
| Weighting of Top 10 | 6.29% | 6.3% | 159.6% | 99.53% |
Top 10 Holdings
- APA CORP 0.99%
- SOCIETE GENERALE SA 0.63%
- FLEX LTD 0.62%
- CITIZENS BANK NA PROVIDENCE RI 0.62%
- KEYCORP 0.61%
- OCTAGON INVESTMENT PARTNERS XXI LTD 0.58%
- CONCENTRIX CORP 0.56%
- BLACKSTONE PRIVATE CRE 0.56%
- PRESTIGE AUTO RECEIVABLES TRUST 2023 2 0.56%
- BANCO SANTANDER SA 0.55%
Asset Allocation
| Weighting | Return Low | Return High | URUSX % Rank | |
|---|---|---|---|---|
| Bonds | 89.07% | 0.00% | 129.63% | 34.43% |
| Cash | 10.93% | 0.00% | 112.72% | 25.94% |
| Convertible Bonds | 4.60% | 0.00% | 15.25% | 36.02% |
| Stocks | 0.00% | 0.00% | 97.16% | 96.23% |
| Preferred Stocks | 0.00% | 0.00% | 1.02% | 96.23% |
| Other | 0.00% | -13.48% | 99.96% | 91.98% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | URUSX % Rank | |
|---|---|---|---|---|
| Corporate | 43.82% | 0.00% | 99.91% | 40.28% |
| Securitized | 32.60% | 0.00% | 100.00% | 40.76% |
| Municipal | 13.79% | 0.00% | 70.39% | 4.27% |
| Cash & Equivalents | 10.92% | 0.00% | 112.72% | 25.00% |
| Government | 0.32% | 0.00% | 100.00% | 66.35% |
| Derivative | 0.00% | -13.48% | 16.56% | 75.94% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | URUSX % Rank | |
|---|---|---|---|---|
| US | 89.07% | 0.00% | 129.63% | 33.96% |
| Non US | 0.00% | 0.00% | 20.18% | 96.23% |
URUSX - Expenses
Operational Fees
| URUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.55% | 0.08% | 29.63% | 43.54% |
| Management Fee | 0.26% | 0.00% | 1.19% | 60.38% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.40% | 16.30% |
Sales Fees
| URUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| URUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
| URUSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 57.00% | 0.00% | 336.00% | 38.20% |
URUSX - Distributions
Dividend Yield Analysis
| URUSX | Category Low | Category High | URUSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.26% | 0.00% | 8.76% | 48.11% |
Dividend Distribution Analysis
| URUSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| URUSX | Category Low | Category High | URUSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.09% | -1.30% | 14.86% | 10.78% |
Capital Gain Distribution Analysis
| URUSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.044 | OrdinaryDividend |
| Oct 31, 2024 | $0.047 | OrdinaryDividend |
| Sep 30, 2024 | $0.046 | OrdinaryDividend |
| Aug 30, 2024 | $0.048 | OrdinaryDividend |
| Jul 31, 2024 | $0.047 | OrdinaryDividend |
| Mar 28, 2024 | $0.047 | OrdinaryDividend |
| Feb 29, 2024 | $0.044 | OrdinaryDividend |
| Jan 31, 2024 | $0.046 | OrdinaryDividend |
| Dec 29, 2023 | $0.047 | OrdinaryDividend |
| Nov 30, 2023 | $0.045 | OrdinaryDividend |
| Oct 31, 2023 | $0.045 | OrdinaryDividend |
| Sep 29, 2023 | $0.043 | OrdinaryDividend |
| Aug 31, 2023 | $0.044 | OrdinaryDividend |
| Jul 31, 2023 | $0.042 | OrdinaryDividend |
| Jun 30, 2023 | $0.040 | OrdinaryDividend |
| May 31, 2023 | $0.041 | OrdinaryDividend |
| Apr 28, 2023 | $0.043 | OrdinaryDividend |
| Mar 31, 2023 | $0.039 | OrdinaryDividend |
| Feb 28, 2023 | $0.033 | OrdinaryDividend |
| Jan 31, 2023 | $0.034 | OrdinaryDividend |
| Dec 30, 2022 | $0.035 | OrdinaryDividend |
| Nov 30, 2022 | $0.029 | OrdinaryDividend |
| Oct 31, 2022 | $0.024 | OrdinaryDividend |
| Sep 30, 2022 | $0.024 | OrdinaryDividend |
| Aug 31, 2022 | $0.020 | OrdinaryDividend |
| Jul 29, 2022 | $0.019 | OrdinaryDividend |
| Jun 30, 2022 | $0.014 | OrdinaryDividend |
| May 31, 2022 | $0.013 | OrdinaryDividend |
| Apr 29, 2022 | $0.011 | OrdinaryDividend |
| Mar 31, 2022 | $0.010 | OrdinaryDividend |
| Feb 28, 2022 | $0.008 | OrdinaryDividend |
| Jan 31, 2022 | $0.007 | OrdinaryDividend |
| Dec 31, 2021 | $0.008 | OrdinaryDividend |
| Nov 30, 2021 | $0.007 | OrdinaryDividend |
| Oct 29, 2021 | $0.007 | OrdinaryDividend |
| Sep 30, 2021 | $0.008 | OrdinaryDividend |
| Aug 31, 2021 | $0.008 | OrdinaryDividend |
| Jul 30, 2021 | $0.008 | OrdinaryDividend |
| Jun 30, 2021 | $0.007 | OrdinaryDividend |
| May 28, 2021 | $0.008 | OrdinaryDividend |
| Apr 30, 2021 | $0.010 | OrdinaryDividend |
| Mar 31, 2021 | $0.010 | OrdinaryDividend |
| Feb 26, 2021 | $0.010 | OrdinaryDividend |
| Jan 29, 2021 | $0.010 | OrdinaryDividend |
| Dec 31, 2020 | $0.014 | OrdinaryDividend |
| Nov 30, 2020 | $0.013 | OrdinaryDividend |
| Oct 30, 2020 | $0.015 | OrdinaryDividend |
| Sep 30, 2020 | $0.014 | OrdinaryDividend |
| Aug 31, 2020 | $0.015 | OrdinaryDividend |
| Jul 31, 2020 | $0.018 | OrdinaryDividend |
| Jun 30, 2020 | $0.017 | OrdinaryDividend |
| May 29, 2020 | $0.020 | OrdinaryDividend |
| Apr 30, 2020 | $0.022 | OrdinaryDividend |
| Mar 31, 2020 | $0.023 | OrdinaryDividend |
| Feb 28, 2020 | $0.021 | OrdinaryDividend |
| Jan 31, 2020 | $0.024 | OrdinaryDividend |
| Dec 31, 2019 | $0.028 | OrdinaryDividend |
URUSX - Fund Manager Analysis
Managers
Brian Smith
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
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.
Douglas Rollwitz
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
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.
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.52 | 7.92 |
