About UITCX
Victory Core Plus Intermediate Bond Fund Class C is a diversified mutual fund focused on intermediate-term fixed income securities. Its primary purpose is to provide high current income without taking on undue risk to principal. To achieve this, the fund invests at least 80% of its assets in a broad range of debt securities, which may include U.S. Treasuries, agency debt, mortgage- and asset-backed securities, and corporate bonds. The fund emphasizes investment-grade securities but can allocate up to 10% of its assets to below-investment-grade (high-yield) bonds, allowing for the potential to enhance yield while maintaining diversification. The average portfolio maturity ranges from three to ten years, positioning the fund as an intermediate-term offering that seeks to balance interest rate and credit risks. Notably, up to 65% of assets may be invested in corporate bonds, offering further exposure to the credit sector. Victory Core Plus Intermediate Bond Fund Class C plays a significant role for investors seeking regular income, as it distributes dividends monthly, and is typically used to introduce bond market stability and yield potential within a diversified portfolio.
Fund Family Victory Capital Management Inc.
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol UITCX
Share Class Victory Core Plus Intermediate Bond Fund Class C
Index Bloomberg U.S. Aggregate Bond TR
UITCX had a total return of 4.25% in the past year, including dividends.
Since the fund's inception, the average annual return has been 0.61%.
