Victory INCORE Fund for Income (GGIFX)

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Victory INCORE Fund for Income (GGIFX) is up 0.5% since the beginning of the year. GGIFX is currently trading at $7 per share. Investors who bought $1,000 worth of GGIFX shares 5 years ago would now be looking at an investment worth $1,055.

Victory INCORE Fund for Income (GGIFX) has returned 0.45% so far this year and 3.29% over the past 12 months. Over the last ten years, GGIFX has returned 1.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 2, 1990, GGIFX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.

Historically, 67% of months were positive and 33% were negative. The best month was May 1995 with a return of +3.5%, while the worst month was Mar 1994 at -3.0%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 9 months.

On a daily basis, GGIFX closed higher 39% of trading days. The best single day was Jul 29, 1994 with a return of +1.6%, while the worst single day was Apr 4, 1994 at -2.0%.

Victory INCORE Fund for Income has an annualized alpha of 3.64%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1990.

• This fund captured 9.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.56%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

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

GGIFX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Victory INCORE Fund for Income (GGIFX) and compare them to S&P 500 Index.

Victory INCORE Fund for Income provided a 4.92% dividend yield over the last twelve months, with an annual payout of $0.33 per share.

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.

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.

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 9.08%, occurring on Oct 20, 2022. Recovery took 473 trading sessions.

The current Victory INCORE Fund for Income drawdown is 0.34%.

The chart below shows the rolling one-month volatility.