PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
Victory INCORE Fund for Income (GGIFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Victory INCORE Fund for Income (GGIFX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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

ISIN

US9264643977

Issuer

Victory

Inception Date

Sep 15, 1987

Category

Government Bonds

Min. Investment

$0

Asset Class

Bond

Expense Ratio

GGIFX has an expense ratio of 0.91%, placing it in the medium range.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Victory INCORE Fund for Income

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

Victory INCORE Fund for Income (GGIFX) returned 2.14% year-to-date (YTD) and 5.41% over the past 12 months. Over the past 10 years, GGIFX returned 1.06% annually, underperforming the S&P 500 benchmark at 10.84%.

GGIFX

YTD

2.14%

1M

-0.35%

6M

2.26%

1Y

5.41%

3Y*

2.60%

5Y*

0.43%

10Y*

1.06%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.34%0.97%0.48%0.83%-0.50%2.14%
20240.62%-0.35%0.35%-0.33%0.78%0.37%1.11%0.84%0.71%-0.62%0.50%-0.03%4.01%
20231.03%-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%
20210.04%-0.22%-0.19%-0.02%0.04%-0.22%0.15%-0.15%-0.25%-0.31%-0.19%-0.43%-1.75%
20200.87%1.12%0.93%-0.02%0.28%-0.17%-0.13%-0.06%-0.01%-0.06%0.04%-0.04%2.77%
20190.29%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%
20170.09%0.41%-0.17%0.34%0.29%-0.29%0.30%0.22%-0.42%-0.13%-0.23%0.01%0.40%
20161.38%0.48%0.20%0.01%-0.19%0.92%-0.09%-0.17%0.02%-0.31%-1.11%-0.12%1.01%
20151.64%-0.08%0.61%0.12%0.02%-0.38%0.11%-0.08%0.41%-0.42%-0.37%-0.24%1.32%
20140.78%0.10%-0.25%0.33%0.61%-0.09%-0.45%0.42%0.32%0.61%0.32%-0.38%2.35%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, GGIFX is among the top 6% 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.

The Risk-Adjusted Performance Rank of GGIFX is 9494
Overall Rank
The Sharpe Ratio Rank of GGIFX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of GGIFX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of GGIFX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of GGIFX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of GGIFX is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Victory INCORE Fund for Income Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.70
  • 5-Year: 0.18
  • 10-Year: 0.47
  • All Time: 1.25

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Victory INCORE Fund for Income compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Victory INCORE Fund for Income provided a 5.00% dividend yield over the last twelve months, with an annual payout of $0.34 per share.

4.60%4.80%5.00%5.20%5.40%5.60%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.34$0.36$0.37$0.38$0.39$0.38$0.44$0.48$0.47$0.49$0.50$0.49

Dividend yield

5.00%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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.03$0.03$0.03$0.03$0.12
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.

Loading data...

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 0.50%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-9.1%Jun 3, 2020602Oct 20, 2022477Sep 16, 20241079
-7.18%Jan 31, 199471May 9, 1994236Apr 4, 1995307
-3.75%Feb 14, 199686Jun 12, 199679Oct 1, 1996165
-3.41%May 3, 201387Sep 5, 2013274Oct 7, 2014361
-3.13%Jul 6, 2016469May 15, 2018206Mar 12, 2019675
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...