Victory Investment Grade Convertible Fund Class I (VICIX)
| Fund Assets | 252.46M |
| Expense Ratio | 0.94% |
| Min. Investment | $2,000,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 2.50% |
| Dividend Growth | -2.81% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 16, 2025 |
| Previous Close | 18.16 |
| YTD Return | 1.77% |
| 1-Year Return | 7.66% |
| 5-Year Return | 38.53% |
| 52-Week Low | 16.86 |
| 52-Week High | 18.63 |
| Beta (5Y) | n/a |
| Holdings | 55 |
| Inception Date | Aug 31, 2007 |
About VICIX
Victory INCORE Investment Grade Convertible Fund Class I is a mutual fund structured to deliver a blend of current income and long-term capital appreciation. The fund primarily invests in investment-grade convertible securities, including convertible bonds, notes, and preferred stocks, which provide the ability to convert into common shares of the issuing company. This hybrid approach aims to capture growth potential from equities while maintaining an investment-grade credit quality for risk mitigation. The fund’s strategy emphasizes rigorous bottom-up analysis to identify attractively valued convertibles issued by companies with strong fundamentals. Notably, the portfolio is managed to maintain an overall investment-grade rating, with no more than 20% allocated to non-investment grade holdings. Sectors most represented in the fund often include financials, energy, and information technology, reflecting a diversified allocation within U.S. markets. By combining features of both bonds and stocks, this fund plays a strategic role in balancing risk and reward in diversified portfolios, appealing to investors seeking both regular income and exposure to equity market appreciation through high-quality convertible securities.
Performance
VICIX had a total return of 7.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.27%.
Top 10 Holdings
42.33% of assets| Name | Symbol | Weight |
|---|---|---|
| BANK OF AMERICA CORPORATION - BANK OF AMERICA CORP | BAC.7.25 PERP L | 5.57% |
| WELLS FARGO & COMPANY - WELLS FARGO CO | WFC.7.5 PERP L | 5.15% |
| FORD MOTOR COMPANY | F.0 03.15.26 | 4.73% |
| APOLLO GLOBAL MANAGEMENT, INC. - APOLLO GLOBAL MANAGEMENT PFD | APO.6.75 07.31.26 | 4.42% |
| EXPEDIA GROUP, INC. - EXPEDIA GROUP INC | EXPE.0 02.15.26 | 4.22% |
| BOOKING HOLDINGS INC. - BOOKING HOLDINGS INC | n/a | 4.15% |
| UBER TECHNOLOGIES, INC. - UBER TECHNOLOGIES INC | UBER.0.875 12.01.28 2028 | 3.85% |
| ENVISTA HOLDINGS CORPORATION - ENVISTA HOLDINGS CORP | NVST.1.75 08.15.28 | 3.76% |
| BARCLAYS BANK PLC | BACR.1 02.16.29 MSFT | 3.31% |
| KITE REALTY GROUP, L.P. - KITE REALTY GROUP LP | KRG.0.75 04.01.27 | 3.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.11663 | Jun 17, 2025 |
| Mar 17, 2025 | $0.18263 | Mar 18, 2025 |
| Dec 18, 2024 | $0.00546 | Dec 19, 2024 |
| Sep 23, 2024 | $0.14969 | Sep 24, 2024 |
| Jun 24, 2024 | $0.08812 | Jun 25, 2024 |
| Mar 25, 2024 | $0.14383 | Mar 26, 2024 |