Victory Low Duration Bond has undergone significant changes, moving from a quantitatively driven approach to a traditional security-selection focus under its new managers, who think fundamental research is more of their expertise than previous management’s heavy reliance on quant-driven filters and signals. This shift has led to a more conservative portfolio that prioritizes USD cash bonds and results in a more mainstream look for a fund in the short-term bond Morningstar Category.
Victory Low Duration Bond A RLDAX
- NAV / 1-Day Return 9.95 / −0.29 %
- Total Assets 114.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.850%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.80%
- Effective Duration 1.73 years
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:41 AM GMT+0
Morningstar’s Analysis RLDAX
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People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Notes 4.625% | 1.91 | 2.2 Mil | Government |
United States Treasury Notes 3.5% | 1.75 | 2.1 Mil | Government |
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 0.89% | 1.51 | 1.8 Mil | Securitized |
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2 6.14% | 1.28 | 1.5 Mil | Securitized |
FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2023-1 5.39% | 1.23 | 1.5 Mil | Securitized |
Citigroup Commercial Mortgage Trust 3.778% | 1.23 | 1.5 Mil | Securitized |
State Street Corporation 5.751% | 1.20 | 1.4 Mil | Corporate |
JPMorgan Chase & Co. 6.52% | 1.16 | 1.4 Mil | Corporate |
Csail Commercial Mortgage Trust 3.718% | 1.06 | 1.2 Mil | Securitized |
United States Treasury Notes 3.875% | 1.04 | 1.2 Mil | Government |