About USGNX
Victory Government Securities Fund is a mutual fund focused primarily on providing a high level of current income while aiming to preserve principal. The fund invests at least 80% of its assets in U.S. government and agency securities, such as Treasury bills, notes, bonds, Treasury Inflation-Protected Securities (TIPS), mortgage-backed securities from Ginnie Mae, Fannie Mae, and Freddie Mac, as well as collateralized mortgage obligations and repurchase agreements backed by government securities. Up to 20% of assets may be allocated to high-quality, non-government securities, including certain taxable municipal bonds and government-related asset-backed securities. The fund emphasizes a diversified portfolio and manages extension and contraction risks by aligning its duration closely with industry benchmarks, typically targeting an average maturity between five and ten years. It is designed for investors seeking income with minimal credit risk and generally offers higher income potential than direct investment in U.S. Treasuries, thus serving as a core fixed-income holding for those prioritizing stability in their investment portfolios.
Fund Family Victory Capital Management Inc.
Category Intmdt US Govt
Performance Rating High
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol USGNX
Share Class Victory Government Securities Fund Shares
Index Index is not available on Lipper Database
USGNX had a total return of -1.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.16%.
