About GUHYX
Victory High Yield Fund Class A is a mutual fund designed to deliver current income as its primary objective, with capital appreciation as a secondary goal. It normally invests at least 80% of its net assets in high-yield corporate bonds, convertible bonds, and other debt securities rated below investment grade by major rating agencies or unrated, including loans from leveraged transactions like mergers and buyouts. The portfolio emphasizes sectors such as industrials, bank loans, and financial institutions, with a credit quality breakdown featuring significant allocations to BB and B-rated securities alongside cash and unrated holdings. Managed by Victory Capital, the fund features an expense ratio of 1.02%, assets under management around $74.80 million to $123.3 million, and a 30-day SEC yield of approximately 5.92% (subsidized). Portfolio managers evaluate issuers based on earnings patterns, financial history, management quality, and prospects to maximize total return across the capital structure. With an average effective maturity of 5.1 years and duration of 2.5 years, it offers income potential in the high-yield bond category while navigating credit and liquidity risks inherent to lower-rated debt.
Fund Family Victory Capital Management Inc.
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol GUHYX
Share Class Class A
Index Bloomberg U.S. Corporate High Yield TR
GUHYX had a total return of 4.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.06%.
