About RHYCX
Victory High Yield Fund Class C 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, focusing on U.S. issuers to provide higher income levels and reduced sensitivity to interest rate fluctuations compared to typical fixed-income options. The portfolio management team, including Jim Jackson, CFA, Kurt Daum, JD, and Jason Lincoln, CFA, evaluates issuers based on earnings patterns, financial history, management quality, and overall prospects to maximize total return across the capital structure. Key features include potential exposure to loans from leveraged transactions like mergers and buyouts, an average effective duration of 2.5 years, and a credit quality distribution heavily weighted toward BB and B ratings. With total assets around $121-123 million and a net expense ratio of 1.72%, it plays a significant role in the high yield bond category, offering investors access to income-oriented fixed income strategies amid volatile credit markets.
Fund Family Victory Capital Management Inc.
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol RHYCX
Share Class Class C
Index Bloomberg U.S. Corporate High Yield TR
RHYCX had a total return of 7.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.75%.
