About RSFCX
Victory Floating Rate Fund Class C is a mutual fund designed to deliver a high level of current income through investments primarily in floating rate loans and related instruments. It normally allocates at least 80% of its net assets to these floating rate securities, most of which are below investment grade, offering senior positions in borrowers' capital structures secured by collateral. Managed by Victory Capital, the fund employs a high-conviction, index-agnostic strategy in the bank loan category, evaluating factors like issuer credit quality, management, leverage, and industry outlook. Key features include a portfolio of around 175 holdings across sectors such as healthcare equipment and services, media and entertainment, capital goods, consumer services, and materials, with credit quality concentrated in BB and B ratings. As of September 30, 2025, it reported a 30-day SEC subsidized yield of 12.10% for the A share class, net assets of $384.7 million, and portfolio managers Jonathan Sharkey and Timothy Cassidy, both since 2025. This Class C fund, with a net expense ratio of 1.81%, plays a significant role in fixed income markets by providing income-oriented exposure to leveraged loans, which adjust rates with market changes to mitigate interest rate risk.
Fund Family Victory Capital Management Inc.
Category Bank Loan
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol RSFCX
Share Class Class C
Index Morningstar LSTA US Leveraged Loan TR USD
RSFCX had a total return of 6.48% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.68%.
