Victory INCORE Total Return Bond Fund (MUCYX)
The adviser pursues the fund's investment objectives by investing, under normal circumstances, at least 80% of the fund's assets in a broad range of bonds. The adviser uses bond market sector allocation, yield curve positioning, and comprehensive credit analysis to select securities for the fund. Under normal market conditions, the average duration of the fund's portfolio is expected to be between three and seven years.
Fund Info
| ISIN | US92646A3361 |
|---|---|
| Issuer | Victory |
| Inception Date | Nov 29, 1991 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
MUCYX features an expense ratio of 0.60%, 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 Total Return Bond 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 INCORE Total Return Bond Fund had a return of 5.33% year-to-date (YTD) and 10.26% in the last 12 months. Over the past 10 years, Victory INCORE Total Return Bond Fund had an annualized return of 1.75%, while the S&P 500 had an annualized return of 10.88%, indicating that Victory INCORE Total Return Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.33% | 18.13% |
| 1 month | 2.11% | 1.45% |
| 6 months | 6.51% | 8.81% |
| 1 year | 10.26% | 26.52% |
| 5 years (annualized) | 0.80% | 13.43% |
| 10 years (annualized) | 1.75% | 10.88% |
Monthly Returns
The table below presents the monthly returns of MUCYX, 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 | -0.15% | -1.20% | 0.88% | -2.23% | 1.63% | 0.78% | 2.28% | 1.65% | 5.33% | ||||
| 2023 | 3.37% | -2.75% | 1.87% | 0.50% | -1.11% | -0.16% | 0.02% | -0.74% | -2.65% | -1.80% | 4.59% | 3.71% | 4.62% |
| 2022 | -2.16% | -1.47% | -2.23% | -3.72% | 0.71% | -2.38% | 2.41% | -2.30% | -4.41% | -0.83% | 3.46% | -0.78% | -13.14% |
| 2021 | -0.62% | -1.39% | -0.78% | 0.95% | 0.32% | 0.83% | 1.04% | -0.11% | -0.81% | 0.20% | -0.10% | 0.28% | -0.20% |
| 2020 | 1.90% | 1.78% | -2.50% | 2.23% | 0.91% | 0.96% | 2.00% | -0.71% | -0.21% | -0.26% | 1.40% | 0.41% | 8.11% |
| 2019 | 0.56% | -0.20% | 1.56% | 0.07% | 1.66% | 1.19% | 0.25% | 2.49% | -0.58% | 0.35% | -0.07% | 0.04% | 7.51% |
| 2018 | -1.10% | -0.89% | 0.72% | -0.68% | 0.55% | -0.13% | -0.04% | 0.72% | -0.94% | -0.94% | 0.63% | 1.62% | -0.53% |
| 2017 | 0.29% | 0.92% | -0.04% | 0.75% | 0.85% | -0.11% | 0.58% | 0.88% | -0.44% | 0.08% | -0.15% | 0.47% | 4.15% |
| 2016 | 0.27% | 0.41% | 1.68% | 0.82% | 0.08% | 1.86% | 0.92% | 0.08% | 0.09% | -0.68% | -2.26% | 0.39% | 3.66% |
| 2015 | 2.16% | -0.54% | 0.34% | -0.16% | -0.17% | -1.57% | 0.36% | -0.55% | -0.01% | 0.12% | -0.51% | -0.95% | -1.52% |
| 2014 | 1.74% | 1.08% | 0.35% | 1.11% | 1.47% | 0.57% | -0.37% | 1.14% | -0.62% | 1.21% | 0.44% | -0.55% | 7.79% |
| 2013 | -0.04% | 0.92% | 0.39% | 1.85% | -1.57% | -1.96% | 0.84% | -0.11% | 1.23% | 1.66% | 0.05% | 0.37% | 3.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MUCYX is 37, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Victory INCORE Total Return Bond Fund (MUCYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Victory INCORE Total Return Bond Fund granted a 3.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.29 | $0.24 | $0.24 | $0.27 | $0.27 | $0.33 | $0.33 | $0.36 | $0.31 | $0.61 | $0.68 |
Dividend yield | 3.47% | 3.50% | 2.89% | 2.43% | 2.65% | 2.82% | 3.56% | 3.44% | 3.77% | 3.32% | 6.12% | 6.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory INCORE Total Return Bond 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 | $0.02 | $0.03 | $0.03 | $0.00 | $0.22 | |||
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.02 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 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 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2014 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.02 | $0.03 | $0.61 |
| 2013 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.68 |
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 Total Return Bond 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 INCORE Total Return Bond Fund was 17.56%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Victory INCORE Total Return Bond Fund drawdown is 5.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.56% | Aug 4, 2021 | 557 | Oct 19, 2023 | — | — | — |
| -7.76% | Mar 10, 2020 | 8 | Mar 19, 2020 | 73 | Jul 2, 2020 | 81 |
| -7.66% | Oct 18, 1993 | 146 | May 9, 1994 | 257 | May 3, 1995 | 403 |
| -7.4% | Sep 10, 2008 | 28 | Oct 17, 2008 | 57 | Jan 9, 2009 | 85 |
| -6.1% | Sep 10, 1992 | 40 | Nov 4, 1992 | 113 | Apr 12, 1993 | 153 |
Volatility
Volatility Chart
The current Victory INCORE Total Return Bond Fund volatility is 0.95%, 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.