About RSYYX
Victory High Yield Fund Class Y 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 deemed comparable by the adviser, often issued in leveraged transactions like mergers and buyouts. The fund also allocates to bank loans, asset-backed securities, and cash equivalents, emphasizing sectors such as industrials, financial institutions, utilities, and bank loans, which comprise the bulk of its portfolio of around 337-339 holdings. Managed by Victory Capital Management Inc. since its Class Y inception in 2009, it features a net expense ratio of 0.78%, average effective duration of about 2.5 years for moderated interest-rate sensitivity, and total assets near $123 million. Positioned in the high yield bond category, it targets higher income potential from lower-quality bonds while assessing issuer fundamentals like earnings, management, and prospects to pursue total returns across the capital structure.
Fund Family Victory Capital Management Inc.
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol RSYYX
Share Class Class Y
Index Bloomberg U.S. Corporate High Yield TR
RSYYX had a total return of 4.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.04%.
