Victory Fund for Income

Scorecard
5 / 5 Stars
Lipper
2 1 5 1 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
D+ (Sell)

#16 in Short-Term Government

U.S. News evaluated 49 Short Government Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.81 percent over the past year, 1.32 percent over the past three years, 3.19 percent over the past five years, and 3.78 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 1.5%
1 Year 0.8%
3 Years (Annualized) 1.3%
5 Years (Annualized) 3.2%
10 Years (Annualized) 3.8%

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Summary

The investment seeks to provide a high level of current income consistent with preservation of shareholders' capital. The fund invests primarily in securities issued by the U.S. government and its agencies or instrumentalities. Under normal circumstances, it primarily invests in 1) Mortgage-backed obligations and collateralized mortgage obligations (CMOs) issued by the Government National Mortgage Association (GNMA), with an average effective maturity ranging from 2 to 10 years, and 2) Obligations issued or guaranteed by the U.S. government or by its agencies or instrumentalities with a dollar-weighted average maturity normally less than 5 years.

Fees

Fees are Low compared to funds in the same category.
Victory Fund for Income has an expense ratio of 0.93 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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