Victory High Yield Fund (GUHYX)
The fund invests primarily in securities, including high-yield corporate bonds, convertible bonds, and other debt securities, that are rated below investment grade by nationally recognized statistical ratings organizations at the time of purchase or, if unrated, have been determined by Park Avenue Institutional Advisers LLC, the fund's sub-adviser, to be of comparable quality. It normally invests at least 80% of its assets in debt securities and other investments that, at the time of purchase, are rated below investment grade.
Fund Info
| ISIN | US92647K4812 |
|---|---|
| Issuer | Victory |
| Inception Date | Sep 1, 1998 |
| Category | High Yield Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
GUHYX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Victory High Yield Fund, 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 High Yield Fund had a return of 6.54% year-to-date (YTD) and 12.58% in the last 12 months. Over the past 10 years, Victory High Yield Fund had an annualized return of 3.50%, while the S&P 500 had an annualized return of 10.88%, indicating that Victory High Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.54% | 18.13% |
| 1 month | 1.97% | 1.45% |
| 6 months | 4.85% | 8.81% |
| 1 year | 12.58% | 26.52% |
| 5 years (annualized) | 2.86% | 13.43% |
| 10 years (annualized) | 3.50% | 10.88% |
Monthly Returns
The table below presents the monthly returns of GUHYX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.82% | 0.23% | 1.49% | -1.18% | 0.90% | 0.75% | 1.60% | 1.04% | 6.54% | ||||
| 2023 | 4.75% | -0.25% | -1.09% | 0.53% | -1.84% | 2.07% | 1.81% | 0.58% | -1.58% | -1.96% | 4.87% | 3.44% | 11.57% |
| 2022 | -1.58% | -0.94% | -1.05% | -3.71% | -2.54% | -7.11% | 4.24% | -1.09% | -5.06% | 2.24% | 0.71% | -1.88% | -16.84% |
| 2021 | 0.91% | 0.43% | 0.77% | 0.73% | 0.58% | 0.86% | -0.26% | 0.45% | 0.25% | -0.72% | -0.89% | 1.70% | 4.89% |
| 2020 | 0.46% | -0.88% | -13.63% | 3.65% | 4.62% | 0.95% | 4.58% | 2.04% | 0.02% | 0.64% | 4.35% | 2.01% | 7.65% |
| 2019 | 4.06% | 1.54% | 0.64% | 2.04% | -0.86% | 1.53% | 1.23% | 0.33% | 0.74% | 0.21% | 0.46% | 2.15% | 14.94% |
| 2018 | 1.16% | -0.68% | -0.25% | 0.81% | 0.09% | 0.51% | 1.16% | 0.67% | 0.98% | -1.04% | -0.59% | -2.45% | 0.31% |
| 2017 | 1.77% | 1.87% | -0.29% | 1.12% | 0.76% | -0.24% | 1.46% | -0.26% | 1.58% | 0.38% | 0.31% | 1.10% | 9.95% |
| 2016 | -1.99% | -0.14% | 4.44% | 2.93% | 0.70% | 0.53% | 2.85% | 2.11% | 0.82% | 0.17% | -0.12% | 2.35% | 15.49% |
| 2015 | 0.07% | 2.81% | -0.40% | 1.89% | 0.51% | -1.15% | -0.56% | -2.11% | -2.61% | 2.16% | -2.70% | -2.27% | -4.48% |
| 2014 | 0.60% | 1.85% | 0.58% | 0.33% | 0.96% | 0.99% | -0.89% | 0.87% | -2.11% | -0.22% | -0.64% | -7.78% | -5.67% |
| 2013 | 1.17% | 0.51% | 1.02% | 1.83% | -0.75% | -2.66% | 1.88% | -0.76% | 0.88% | 2.57% | 0.63% | 0.63% | 7.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GUHYX is 78, placing it in the top 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Victory High Yield Fund (GUHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Victory High Yield Fund granted a 7.14% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.45 | $0.41 | $0.37 | $0.37 | $0.38 | $0.39 | $0.38 | $0.38 | $0.40 | $0.41 | $0.44 |
Dividend yield | 7.14% | 8.28% | 7.76% | 5.40% | 5.48% | 5.58% | 6.36% | 5.84% | 6.06% | 6.80% | 6.23% | 5.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory High Yield Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.25 | |||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.45 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2013 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.06 | $0.44 |
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 High Yield Fund. 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 High Yield Fund was 29.50%, occurring on Nov 24, 2008. Recovery took 202 trading sessions.
The current Victory High Yield Fund drawdown is 1.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.5% | Jun 4, 2007 | 373 | Nov 24, 2008 | 202 | Sep 15, 2009 | 575 |
| -21.29% | Feb 24, 2020 | 21 | Mar 23, 2020 | 138 | Oct 7, 2020 | 159 |
| -19.03% | Jul 15, 2014 | 399 | Feb 11, 2016 | 243 | Jan 30, 2017 | 642 |
| -18.07% | Jan 5, 2022 | 185 | Sep 29, 2022 | — | — | — |
| -12.93% | May 4, 1999 | 407 | Dec 4, 2000 | 581 | Apr 4, 2003 | 988 |
Volatility
Volatility Chart
The current Victory High Yield Fund volatility is 0.90%, 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.