About RHYKX
Victory High Yield Fund Class R 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 (BB or equivalent) by major rating agencies or deemed comparable by the adviser, focusing on U.S. issuers to minimize emerging market exposure. Managed by Victory Capital Management Inc., the fund emphasizes securities in the high-yield bond category, with significant allocations to corporate bonds (around 85%), bank loans, and cash equivalents. Key features include a net expense ratio of 1.37%, portfolio turnover of 88%, average effective duration of about 2.5 years for lower interest-rate sensitivity, and holdings diversified across 337-339 positions as of late 2025. In the financial markets, it plays a role in income-oriented portfolios seeking higher yields from lower-quality debt, though with elevated credit and economic risks typical of the high yield bond sector.
Fund Family Victory Capital Management Inc.
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol RHYKX
Share Class Class R
Index Bloomberg U.S. Corporate High Yield TR
RHYKX had a total return of 5.46% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.29%.
