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Issuer
Victory
Min. Investment
$2,500
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

SBFCX Performance Chart

Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) is up 6.1% since the beginning of the year. SBFCX is currently trading at $19 per share. Investors who bought $1,000 worth of SBFCX shares 5 years ago would now be looking at an investment worth $1,207.


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S&P 500 Index

Returns By Period

Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) has returned 6.09% so far this year and 11.60% over the past 12 months. Over the last ten years, SBFCX has returned 7.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Victory INCORE Investment Grade Convertible Fund Class A

1D
0.42%
1M
2.35%
YTD
6.09%
6M
5.50%
1Y
11.60%
3Y*
8.37%
5Y*
3.84%
10Y*
7.77%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SBFCX Monthly Returns History

Based on dividend-adjusted daily data since Jan 2, 1990, SBFCX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +7.9%, while the worst month was Oct 2008 at -16.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SBFCX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +5.7%, while the worst single day was Dec 19, 1997 at -8.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.83%0.05%-2.30%4.60%1.07%1.81%6.09%
20250.22%0.00%-0.98%0.11%0.28%1.82%2.06%0.71%0.51%-0.16%1.57%-1.13%5.07%
20240.06%0.83%2.07%-1.93%2.14%0.25%1.93%2.06%2.27%0.44%2.31%-3.17%9.48%
20232.69%-2.37%0.44%0.75%-1.00%3.43%1.59%-0.06%-2.69%-1.44%3.56%3.07%7.98%
2022-1.30%-1.53%1.52%-4.01%0.92%-7.21%3.99%-0.94%-6.44%4.68%2.26%-3.41%-11.63%
2021-0.00%4.14%1.61%2.32%0.15%-0.48%0.30%0.15%-1.53%2.67%-2.55%3.82%10.90%

Benchmark Metrics

Victory INCORE Investment Grade Convertible Fund Class A has an annualized alpha of 2.67%, beta of 0.44, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.

  • This fund participated in 55.99% of S&P 500 Index downside but only 55.31% of its upside - more exposed to losses than it benefited from rallies.
  • This fund generated an annualized alpha of 2.67% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • Beta of 0.44 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha
2.67%
Beta
0.44
0.68
Upside Capture
55.31%
Downside Capture
55.99%

Expense Ratio

SBFCX has a high expense ratio of 1.39%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

SBFCX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


SBFCX Risk / Return Rank: 4949
Overall Rank
SBFCX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SBFCX Sortino Ratio Rank: 4747
Sortino Ratio Rank
SBFCX Omega Ratio Rank: 4141
Omega Ratio Rank
SBFCX Calmar Ratio Rank: 5656
Calmar Ratio Rank
SBFCX Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


SBFCXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.21

Sortino ratioReturn per unit of downside risk

-0.10

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.05

Calmar ratioReturn relative to maximum drawdown

2.72

2.78

-0.06

Martin ratioReturn relative to average drawdown

10.36

12.44

-2.08

Dividends

Dividend History

Victory INCORE Investment Grade Convertible Fund Class A provided a 3.05% dividend yield over the last twelve months, with an annual payout of $0.58 per share.


2.00%4.00%6.00%8.00%10.00%$0.00$0.50$1.00$1.50$2.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.58$0.79$0.34$0.48$0.35$1.82$0.89$0.86$0.86$0.50$0.19$0.34

Dividend yield

3.05%4.35%1.87%2.84%2.19%9.86%4.88%4.94%5.66%3.13%1.38%2.53%

Monthly Dividends

The table displays the monthly dividend distributions for Victory INCORE Investment Grade Convertible Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.02$0.00$0.00$0.05$0.07
2025$0.00$0.00$0.17$0.00$0.00$0.10$0.00$0.00$0.08$0.00$0.00$0.43$0.79
2024$0.00$0.00$0.13$0.00$0.00$0.07$0.00$0.00$0.13$0.00$0.00$0.00$0.34
2023$0.00$0.00$0.18$0.00$0.00$0.07$0.00$0.00$0.22$0.00$0.00$0.00$0.48
2022$0.00$0.00$0.05$0.00$0.00$0.05$0.00$0.00$0.11$0.00$0.00$0.14$0.35
2021$0.00$0.00$0.05$0.00$0.00$0.05$0.00$0.00$0.05$0.00$0.00$1.68$1.82

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 Investment Grade Convertible Fund Class A. 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 Investment Grade Convertible Fund Class A was 47.88%, occurring on Nov 20, 2008. Recovery took 1170 trading sessions.

The current Victory INCORE Investment Grade Convertible Fund Class A drawdown is 0.36%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-47.88%Nov 2008
1y 1mo4y 8mo
5y 9moOct 2007 - Jul 2013
Dot-com crash2000–2002
-23.84%Oct 2002
2y 1mo1y 2mo
3y 4moSep 2000 - Jan 2004
COVID crash2020
-23.79%Mar 2020
1mo 4d6mo 19d
7mo 23dFeb 2020 - Oct 2020
1998 bear market1998
-20.65%Oct 1998
11mo 20d9mo 11d
1y 8moOct 1997 - Jul 1999
2023 correction2023
-15.06%Mar 2023
1y 2mo1y 4mo
2y 6moJan 2022 - Jul 2024

Drawdown Indicators


SBFCXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-47.88%

-56.78%

+8.90%

Max Drawdown (1Y)

Largest decline over 1 year

-4.28%

-9.10%

+4.82%

Max Drawdown (3Y)

Largest decline over 3 years

-8.68%

-18.90%

+10.22%

Max Drawdown (5Y)

Largest decline over 5 years

-15.06%

-25.43%

+10.37%

Max Drawdown (10Y)

Largest decline over 10 years

-23.79%

-33.92%

+10.13%

Current Drawdown

Current decline from peak

-0.36%

-1.80%

+1.44%

Average Drawdown

Average peak-to-trough decline

-6.02%

-10.71%

+4.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.12%

2.03%

-0.91%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with SBFCX

Add Victory INCORE Investment Grade Convertible Fund Class A to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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