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Victory INCORE Low Duration Bond Fund (RLDAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Victory INCORE Low Duration Bond Fund (RLDAX)

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

The investment seeks to provide a high level of current income consistent with preservation of capital. The fund invests, under normal circumstances, at least 80% of its assets in debt securities. It may invest up to 20% of its total assets in below investment grade debt securities, commonly known as "high-yield" securities or "junk bonds." Although the fund will primarily be invested in domestic securities, up to 20% of the fund's assets may be invested in foreign securities, which may be denominated in foreign currencies.

Fund Info

ISIN

US92647K3905

CUSIP

92647K390

Issuer

Victory Capital

Inception Date

Jul 30, 2003

Category

Short-Term Bond

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

RLDAX has an expense ratio of 0.85%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

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

Victory INCORE Low Duration Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Victory INCORE Low Duration Bond Fund (RLDAX) returned 1.71% year-to-date (YTD) and 5.69% over the past 12 months. Over the past 10 years, RLDAX returned 1.89% annually, underperforming the S&P 500 benchmark at 10.84%.

RLDAX

YTD

1.71%

1M

0.16%

6M

2.18%

1Y

5.69%

3Y*

3.40%

5Y*

2.02%

10Y*

1.89%

^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 RLDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.56%0.72%0.26%0.46%-0.30%1.71%
20240.60%-0.11%0.49%-0.10%0.75%0.53%1.07%0.74%0.86%-0.45%0.52%0.05%5.05%
20231.23%-0.93%1.04%0.33%-0.28%-0.19%0.52%0.32%-0.17%0.18%1.32%1.21%4.66%
2022-0.82%-0.61%-0.81%-0.82%0.62%-1.51%0.82%-0.38%-1.32%0.37%0.92%-0.12%-3.63%
2021-0.02%0.20%0.11%0.22%0.21%-0.12%0.18%0.01%-0.02%-0.13%-0.31%0.37%0.70%
20200.46%0.54%-2.09%1.94%1.17%0.38%0.61%0.26%-0.15%-0.07%0.40%0.38%3.86%
20190.14%0.27%0.48%0.41%0.49%0.48%0.09%0.38%0.07%0.29%0.06%0.30%3.52%
2018-0.25%-0.07%0.07%0.08%0.28%0.08%0.19%0.30%-0.16%-0.20%0.00%0.42%0.74%
20170.13%0.42%0.02%0.20%0.20%0.01%0.22%0.12%0.05%0.06%-0.18%0.20%1.45%
20160.30%0.01%0.37%0.49%-0.09%0.58%0.18%-0.02%0.18%-0.03%-0.33%0.14%1.80%
20150.44%0.15%0.23%0.25%0.13%-0.08%0.11%-0.30%0.21%0.01%-0.22%-0.38%0.54%
20140.37%0.17%-0.05%0.25%0.25%0.05%-0.26%0.25%-0.28%0.23%0.13%-0.36%0.74%
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 97, RLDAX is among the top 3% 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 RLDAX is 9797
Overall Rank
The Sharpe Ratio Rank of RLDAX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of RLDAX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of RLDAX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of RLDAX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of RLDAX is 9797
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 Low Duration Bond Fund (RLDAX) 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 Low Duration Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 2.77
  • 5-Year: 0.99
  • 10-Year: 1.07
  • All Time: 1.42

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 Low Duration Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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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 Low Duration Bond Fund provided a 4.14% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.

0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.41$0.40$0.27$0.15$0.11$0.17$0.21$0.21$0.18$0.10$0.14$0.18

Dividend yield

4.14%4.00%2.79%1.57%1.10%1.67%2.14%2.15%1.75%0.98%1.36%1.74%

Monthly Dividends

The table displays the monthly dividend distributions for Victory INCORE Low Duration Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.03$0.04$0.04$0.00$0.14
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.03$0.04$0.40
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.27
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.03$0.15
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.11
2020$0.02$0.01$0.02$0.02$0.02$0.01$0.01$0.02$0.02$0.01$0.01$0.01$0.17
2019$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21
2018$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.02$0.02$0.02$0.21
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.01$0.04$0.18
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.10
2015$0.01$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.14
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.18

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Victory INCORE Low Duration 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 Low Duration Bond Fund was 5.34%, occurring on Oct 20, 2022. Recovery took 288 trading sessions.

The current Victory INCORE Low Duration Bond Fund drawdown is 0.30%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.34%Nov 8, 2021240Oct 20, 2022288Dec 13, 2023528
-3.96%Mar 5, 202013Mar 23, 202041May 20, 202054
-1.65%May 17, 201334Jul 5, 2013193Apr 10, 2014227
-1.36%Sep 16, 200825Oct 20, 200840Dec 16, 200865
-1.31%Mar 18, 200862Jun 13, 200853Aug 29, 2008115
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.

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