Victory INCORE Fund for Income (GGIFX)
The fund invests primarily in securities issued by the U.S. government and its agencies or instrumentalities. Under normal circumstances, it primarily invests in 1) Mortgage-backed obligations and collateralized mortgage obligations (CMOs) issued by the Government National Mortgage Association (GNMA), with an average effective maturity ranging from 2 to 10 years, and 2) Obligations issued or guaranteed by the U.S. government or by its agencies or instrumentalities with a dollar-weighted average maturity normally less than 5 years.
Fund Info
US9264643977
Sep 15, 1987
$0
Expense Ratio
GGIFX features an expense ratio of 0.91%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Victory INCORE Fund for Income, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Victory INCORE Fund for Income had a return of 0.19% year-to-date (YTD) and 4.31% in the last 12 months. Over the past 10 years, Victory INCORE Fund for Income had an annualized return of 0.97%, while the S&P 500 had an annualized return of 11.29%, indicating that Victory INCORE Fund for Income did not perform as well as the benchmark.
GGIFX
0.19%
-0.00%
0.86%
4.31%
0.50%
0.97%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GGIFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.34% | 0.19% | |||||||||||
| 2024 | 0.62% | -0.35% | 0.35% | -0.33% | 0.78% | 0.37% | 1.11% | 0.84% | 0.71% | -0.62% | 0.50% | -0.03% | 4.00% |
| 2023 | 1.03% | -0.81% | 1.29% | 0.13% | -0.10% | -0.30% | 0.14% | 0.21% | -0.31% | -0.11% | 1.64% | 1.17% | 4.01% |
| 2022 | -0.73% | -0.47% | -1.80% | -0.94% | 0.33% | -0.32% | 0.26% | -0.93% | -1.54% | -0.35% | 1.04% | -0.14% | -5.48% |
| 2021 | 0.04% | -0.22% | -0.19% | -0.03% | 0.04% | -0.22% | 0.15% | -0.15% | -0.25% | -0.31% | -0.19% | -0.43% | -1.75% |
| 2020 | 0.87% | 1.12% | 0.93% | -0.02% | 0.28% | -0.17% | -0.13% | -0.06% | -0.01% | -0.06% | 0.04% | -0.04% | 2.77% |
| 2019 | 0.29% | 0.19% | 0.79% | 0.20% | 1.01% | 0.74% | -0.38% | 0.99% | -0.28% | 0.18% | -0.07% | 0.15% | 3.86% |
| 2018 | -0.66% | -0.13% | 0.25% | -0.38% | 0.70% | -0.12% | -0.27% | 0.44% | -0.38% | -0.00% | 0.55% | 1.00% | 0.97% |
| 2017 | 0.08% | 0.41% | -0.17% | 0.34% | 0.29% | -0.29% | 0.30% | 0.22% | -0.42% | -0.13% | -0.23% | 0.01% | 0.40% |
| 2016 | 1.38% | 0.48% | 0.20% | 0.01% | -0.19% | 0.92% | -0.09% | -0.17% | 0.02% | -0.31% | -1.11% | -0.11% | 1.01% |
| 2015 | 1.64% | -0.08% | 0.61% | 0.12% | 0.02% | -0.38% | 0.11% | -0.08% | 0.41% | -0.42% | -0.37% | -0.24% | 1.32% |
| 2014 | 0.78% | 0.10% | -0.25% | 0.33% | 0.61% | -0.09% | -0.44% | 0.42% | 0.32% | 0.61% | 0.32% | -0.38% | 2.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, GGIFX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Victory INCORE Fund for Income (GGIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Victory INCORE Fund for Income provided a 5.13% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.37 | $0.38 | $0.39 | $0.38 | $0.44 | $0.48 | $0.47 | $0.49 | $0.50 | $0.49 |
Dividend yield | 5.13% | 5.29% | 5.39% | 5.39% | 4.97% | 4.61% | 5.14% | 5.60% | 5.22% | 5.23% | 5.07% | 4.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory INCORE Fund for Income. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.02 | $0.05 | $0.36 |
| 2023 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.37 |
| 2022 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.38 |
| 2021 | $0.01 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.39 |
| 2020 | $0.02 | $0.04 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.38 |
| 2019 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.44 |
| 2018 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.48 |
| 2017 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
| 2015 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.50 |
| 2014 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Victory INCORE Fund for Income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Victory INCORE Fund for Income was 9.10%, occurring on Oct 20, 2022. Recovery took 477 trading sessions.
The current Victory INCORE Fund for Income drawdown is 0.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.1% | Jun 3, 2020 | 602 | Oct 20, 2022 | 477 | Sep 16, 2024 | 1079 |
| -7.18% | Jan 31, 1994 | 71 | May 9, 1994 | 236 | Apr 4, 1995 | 307 |
| -3.75% | Feb 14, 1996 | 86 | Jun 12, 1996 | 79 | Oct 1, 1996 | 165 |
| -3.41% | May 3, 2013 | 87 | Sep 5, 2013 | 274 | Oct 7, 2014 | 361 |
| -3.12% | Jul 6, 2016 | 469 | May 15, 2018 | 206 | Mar 12, 2019 | 675 |
Volatility
Volatility Chart
The current Victory INCORE Fund for Income volatility is 0.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.