Victory High Yield Fund Ranked Best in High Yield Funds Category For Five-Year Period by Refinitiv Lipper
06 März 2020 - 2:00PM
Business Wire
Victory Capital (NASDAQ:VCTR) today announced that the Victory
High Yield Fund (RSYYX) has received a prestigious 2020 US
Refinitiv Lipper Fund Award. The Fund was ranked best over five
years in the high yield funds classification within the United
States for the period ended November 30, 2019.
The Refinitiv Lipper Awards recognize funds and fund management
firms for consistently strong risk-adjusted three-, five- and
ten-year performance relative to their peers, based on Lipper’s
proprietary performance-based methodology.
“We are honored that the Victory
High Yield Fund has been recognized by Refinitiv Lipper for
delivering excellent long-term risk-adjusted returns to our
clients,” said David Brown, Chairman and Chief Executive Officer of
Victory Capital.
The Fund invests primarily in U.S.-based corporate bonds and
debt securities rated below investment grade in an effort to
provide higher levels of income and less sensitivity to interest
rate changes than most other fixed income investments. The Fund may
also hold select floating rate loans and other investments in
domestic or foreign issuers.
The Refinitiv Lipper Fund Awards, granted annually, highlight
funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Refinitiv Lipper Fund Awards are based on the Lipper
Leader for Consistent Return rating, which is a risk-adjusted
performance measure calculated over 36, 60 and 120 months. The fund
with the highest Lipper Leader for Consistent Return (Effective
Return) value in each eligible classification wins the Refinitiv
Lipper Fund Award. Victory High Yield Fund Class Y was selected
from among 101 funds and 358 share classes in the high yield fund
category over five years for the period ending November 30, 2019.
For more information, see lipperfundawards.com. Although Refinitiv
Lipper makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not
guaranteed by Refinitiv Lipper.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $150.3 billion in assets under management as of January 31,
2020. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With nine autonomous Investment Franchises and a
Solutions Platform, Victory Capital offers a wide array of
investment styles and investment vehicles including, actively
managed mutual funds, separately managed accounts, rules-based and
active ETFs, multi-asset class strategies, custom-designed
solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us on
Twitter and LinkedIn.
Class Y Shares are available only to select investors; see the
Fund’s prospectus for details and information on other share
classes.
An investor should consider the fund’s investment objectives,
risks, charges and expenses carefully before investing or sending
money. This and other important information about the investment
company can be found in the fund’s prospectus, or, if available,
the summary prospectus. To obtain a copy, visit
www.victoryfunds.com. Read the prospectus carefully before
investing.
All investing involves risk, including potential loss of
principal. There is no guarantee that the Fund will achieve its
objectives. Past performance does not guarantee future
results.
Bond funds are subject to interest rate risk, credit risk, and
prepayment risk. When interest rates rise, bond prices generally
fall, and when interest rates fall, bond prices generally rise.
Currently, interest rates are at relatively low levels. Please keep
in mind that in this kind of environment, the risk that bond prices
may fall when interest rates rise is potentially greater.
Derivative transactions can create leverage and may be highly
volatile. It is possible that a derivative transaction will result
in a loss greater than the principal amount invested and the Fund
may not be able to close out a derivative transaction at a
favorable time or price. High yield bond investing includes special
risks. Investments in lower-rated and unrated debt securities are
subject to a greater loss of principal and interest than
investments in higher-rated securities. Floating-rate investments
issued in connection with leveraged transactions are subject to
greater credit risk than many other investments.
Park Avenue Institutional Advisers LLC is the sub adviser to the
Fund. The Funds are distributed by Victory Capital Advisers, Inc.,
member FINRA and SIPC, an affiliate of Victory Capital Management
Inc. Victory Capital Management Inc. is the adviser to the Fund and
is not affiliated with Park Avenue Institutional Advisers LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200306005042/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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