Victory Investment Grade Convertible Fund Class I (VICIX)
| Fund Assets | 226.68M |
| Expense Ratio | 0.94% |
| Min. Investment | $2,000,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 3.72% |
| Dividend Growth | 62.29% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | n/a |
| Previous Close | 18.51 |
| YTD Return | 2.15% |
| 1-Year Return | 8.40% |
| 5-Year Return | 14.96% |
| 52-Week Low | 17.68 |
| 52-Week High | 18.80 |
| Beta (5Y) | n/a |
| Holdings | 52 |
| 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 8.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.30%.
Top 10 Holdings
43.23% of assets| Name | Symbol | Weight |
|---|---|---|
| Uber Technologies Inc 0.875% | UBER.0.875 12.01.28 2028 | 5.33% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 5.28% |
| Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- | WFC.7.5 PERP L | 4.63% |
| Welltower OP LLC 2.75% | WELL.2.75 05.15.28 | 4.61% |
| Meritage Homes Corp 1.75% | MTH.1.75 05.15.28 | 4.14% |
| Barclays Bank plc 1% | BACR.1 02.16.29 MSFT | 4.06% |
| Envista Holdings Corporation 1.75% | NVST.1.75 08.15.28 | 4.05% |
| NextEra Energy Inc 7.299% CORP UNIT 01/06/2027 | NEE.7.299 06.01.27 | 3.82% |
| Southern Co Unit (2025 Series A Corporate Units 15/12/2028) | SO.7.125 12.15.28 A | 3.74% |
| PPL Capital Funding Inc. 2.875% | PPL.2.875 03.15.28 | 3.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 16, 2026 | $0.02877 | Mar 17, 2026 |
| Dec 18, 2025 | $0.25539 | Dec 19, 2025 |
| Dec 12, 2025 | $0.19063 | Dec 15, 2025 |
| Sep 15, 2025 | $0.09979 | Sep 16, 2025 |
| Jun 16, 2025 | $0.11663 | Jun 17, 2025 |
| Mar 17, 2025 | $0.18263 | Mar 18, 2025 |