Victory INCORE Low Duration Bond Fund (RLDAX)
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 features an expense ratio of 0.85%, 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 Low Duration 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 Low Duration Bond Fund had a return of 4.56% year-to-date (YTD) and 7.49% in the last 12 months. Over the past 10 years, Victory INCORE Low Duration Bond Fund had an annualized return of 1.79%, while the S&P 500 had an annualized return of 10.85%, indicating that Victory INCORE Low Duration Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.56% | 17.79% |
| 1 month | 0.94% | 0.18% |
| 6 months | 3.83% | 7.53% |
| 1 year | 7.49% | 26.42% |
| 5 years (annualized) | 2.15% | 13.48% |
| 10 years (annualized) | 1.79% | 10.85% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.60% | -0.11% | 0.49% | -0.10% | 0.74% | 0.54% | 1.07% | 0.74% | 4.56% | ||||
| 2023 | 1.22% | -0.93% | 1.04% | 0.33% | -0.27% | -0.19% | 0.52% | 0.32% | -0.17% | 0.18% | 1.32% | 1.14% | 4.58% |
| 2022 | -0.81% | -0.60% | -0.81% | -0.82% | 0.62% | -1.51% | 0.82% | -0.38% | -1.31% | 0.37% | 0.92% | -0.12% | -3.63% |
| 2021 | -0.02% | 0.20% | 0.11% | 0.22% | 0.21% | -0.11% | 0.18% | 0.01% | -0.02% | -0.13% | -0.31% | 0.37% | 0.71% |
| 2020 | 0.46% | 0.54% | -2.09% | 1.94% | 1.17% | 0.37% | 0.62% | 0.25% | -0.14% | -0.07% | 0.40% | 0.38% | 3.85% |
| 2019 | 0.15% | 0.27% | 0.48% | 0.41% | 0.49% | 0.49% | 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% | 0.20% | 0.30% | -0.16% | -0.21% | 0.00% | 0.41% | 0.73% |
| 2017 | 0.13% | 0.42% | 0.02% | 0.20% | 0.20% | 0.01% | 0.22% | 0.12% | 0.05% | 0.06% | -0.18% | 0.21% | 1.46% |
| 2016 | 0.30% | 0.01% | 0.37% | 0.49% | -0.09% | 0.58% | 0.18% | -0.02% | 0.18% | -0.03% | -0.33% | 0.14% | 1.80% |
| 2015 | 0.44% | 0.15% | 0.23% | 0.25% | 0.13% | -0.08% | 0.11% | -0.30% | 0.21% | 0.01% | -0.22% | -0.38% | 0.54% |
| 2014 | 0.37% | 0.17% | -0.05% | 0.25% | 0.25% | 0.05% | -0.26% | 0.25% | -0.28% | 0.23% | 0.13% | -0.36% | 0.74% |
| 2013 | -0.05% | 0.24% | 0.06% | 0.24% | -0.36% | -0.83% | -0.06% | -0.17% | 0.34% | 0.36% | 0.18% | -0.04% | -0.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RLDAX is 95, placing it in the top 5% 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 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.
Dividends
Dividend History
Victory INCORE Low Duration Bond Fund granted a 3.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.27 | $0.15 | $0.11 | $0.17 | $0.21 | $0.21 | $0.18 | $0.10 | $0.14 | $0.18 | $0.18 |
Dividend yield | 3.58% | 2.79% | 1.57% | 1.10% | 1.67% | 2.14% | 2.15% | 1.75% | 0.98% | 1.36% | 1.74% | 1.78% |
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.
| 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 | $0.03 | $0.03 | $0.00 | $0.25 | |||
| 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 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $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.
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 5.35%, occurring on Oct 20, 2022. Recovery took 288 trading sessions.
The current Victory INCORE Low Duration Bond Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.35% | Nov 8, 2021 | 240 | Oct 20, 2022 | 288 | Dec 13, 2023 | 528 |
| -3.96% | Mar 5, 2020 | 13 | Mar 23, 2020 | 41 | May 20, 2020 | 54 |
| -1.67% | May 17, 2013 | 34 | Jul 5, 2013 | 206 | Apr 30, 2014 | 240 |
| -1.36% | Sep 16, 2008 | 25 | Oct 20, 2008 | 40 | Dec 16, 2008 | 65 |
| -1.31% | Mar 18, 2008 | 62 | Jun 13, 2008 | 53 | Aug 29, 2008 | 115 |
Volatility
Volatility Chart
The current Victory INCORE Low Duration Bond Fund volatility is 0.46%, 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.