- What does RSYYX invest in?
- The fund's primary goal is to generate current income, with capital appreciation as a secondary objective. It principally allocates its capital to various debt instruments, including high-yield corporate bonds and convertible bonds. These investments must carry a sub-investment grade rating from nationally recognized statistical ratings organizations at the point of acquisition. Should a security be unrated, Park Avenue Institutional Advisers LLC, the fund's sub-adviser, evaluates it to ensure it possesses comparable credit quality. Typically, a minimum of 80% of the fund's total assets are dedicated to these non-investment grade debt securities and related holdings at the time of their purchase.
- What is the expense ratio of RSYYX?
- Victory High Yield Fund - Class Y (RSYYX) charges an expense ratio of 0.78%. This is the annual fee deducted from fund assets to cover management and operations.
- What is RSYYX's dividend yield?
- RSYYX's trailing-twelve-month yield is 6.98%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of RSYYX?
- Effective duration measures RSYYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RSYYX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of RSYYX?
- RSYYX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of RSYYX?
- Yield to maturity (YTM) is the total return you'd earn from RSYYX if every bond in the portfolio is held to maturity at the current price. RSYYX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
