About RSFMX
Victory Floating Rate Fund Member Class is a mutual fund designed to deliver a high level of current income through investments in floating rate loans and other floating rate debt securities. It normally allocates at least 80% of its net assets to these instruments, which feature interest rates that adjust periodically based on benchmarks like LIBOR plus a premium, offering protection against rising interest rates. The fund primarily targets senior loans that hold a senior position in borrowers' capital structures, secured by collateral, and predominantly below-investment-grade securities across sectors such as healthcare equipment and services, media and entertainment, consumer services, capital goods, and materials. Managed by Victory Capital with portfolio managers Jonathan Sharkey and Timothy Cassidy since 2025, it maintains a diversified portfolio of approximately 175-193 holdings and manages around $384.7 million in assets as of late 2025. This index-agnostic, high-conviction strategy within the bank loan category emphasizes issuer credit quality, management, and industry outlook, positioning it as a key option for income-focused investors seeking floating rate exposure in the leveraged loan market.
Fund Family Victory Capital Management Inc.
Category Bank Loan
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol RSFMX
Share Class Member Class
Index Morningstar LSTA US Leveraged Loan TR USD
RSFMX had a total return of 7.54% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.34%.
