About UIHIX
Victory High Income Fund Institutional Shares is a high-yield bond mutual fund that seeks to provide attractive total returns through high current income and secondarily through capital appreciation. The fund invests primarily in dollar-denominated below-investment-grade securities, including high-yield bonds, asset-backed securities, mortgage-backed securities, leveraged loans, and preferred stock. The portfolio is constructed using a relative value-driven, bottom-up security selection approach grounded in proprietary fundamental research. With an investment style focused on high-yield bonds, the fund offers diversification by combining characteristics of both stocks and bonds while maintaining lower sensitivity to interest rate changes compared to traditional higher-quality bonds. The fund distributes across multiple sectors, with notable exposure to consumer cyclical, communications, and capital goods industries. Institutional Shares are designed for eligible institutional investors seeking income generation and potential capital appreciation through below-investment-grade fixed income securities.
Fund Family Victory Capital Management Inc.
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol UIHIX
Share Class Institutional Shares
Index Bloomberg US High Yield 2% Issuer Cap CR
UIHIX had a total return of 2.10% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.68%.
