Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MAFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MAFRX
MAFRX charges 0.58% annually. There are 49 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | MAFRX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | MAFRX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | MAFRX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | MAFRX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | MAFRX vs DFYGX |
Best Risk-Adjusted Alternatives to MAFRX
MAFRX has a PortfoliosLab risk / return rank of 98. There are 32 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | MAFRX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | MAFRX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | MAFRX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | MAFRX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | MAFRX vs ENIAX |
Top Performing MAFRX Alternatives (YTD)
MAFRX is at 1.57% YTD. There are 10 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | MAFRX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | MAFRX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | MAFRX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | MAFRX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | MAFRX vs TRSTX |
Lowest Volatility Alternatives to MAFRX
MAFRX has 1.38% 1-year volatility. There are 31 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | MAFRX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | MAFRX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | MAFRX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | MAFRX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | MAFRX vs BUBIX |
Lowest Drawdown Alternatives to MAFRX
MAFRX has a 1-year max drawdown of -0.21%. There are 9 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | MAFRX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | MAFRX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | MAFRX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | MAFRX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | MAFRX vs NUSIX |
Other Mutual Funds from Victory Capital
The 5 most viewed Victory Capital mutual funds shown here include VETAX, FLARX, VEVIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Victory Sycamore Established Value Fund Class A | Mid Cap Value Equities | 27 | 10.99% | — | May 2000 | MAFRX vs VETAX | |
| Victory Pioneer Floating Rate Fund Class A | Bank Loan | 80 | 1.79% | — | Feb 2007 | MAFRX vs FLARX | |
| Victory Sycamore Established Value Fund Class I | Mid Cap Value Equities | 28 | 11.14% | — | Mar 2010 | MAFRX vs VEVIX | |
| Victory Pioneer Securitized Income Fund Class A | Nontraditional Bonds | 74 | 1.94% | — | Jul 2021 | MAFRX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | Global Equities, Large Cap Value Equities, Sustainable | 86 | 15.17% | — | Dec 2014 | MAFRX vs PGEKX |
Often Compared With MAFRX
Investors most often compare MAFRX with CBUDX, EALDX, TRBUX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | Ultrashort Bond | 99 | 1.54% | — | Jun 2021 | MAFRX vs CBUDX | |
| Eaton Vance Short Duration Government Income Fund | Ultrashort Bond | 70 | 1.21% | — | Sep 2002 | MAFRX vs EALDX | |
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 99 | 1.59% | — | Dec 2012 | MAFRX vs TRBUX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 98 | 1.59% | — | Mar 1994 | MAFRX vs TSDOX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | Ultrashort Bond | 97 | 1.56% | — | Mar 2016 | MAFRX vs TSDUX |
Compare MAFRX with Any Fund or Stock
Compare MAFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MAFRX with funds that move differently
Victory Pioneer Multi-Asset Ultrashort Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MAFRX.
Explore MAFRX Diversifiers