Victory Floating Rate Fund Ranked Best in
Category Over Three and Five Years
Victory High Yield Fund Ranked Best in Category
Over Five Years for Second Year in a Row
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that it has received three
prestigious 2021 US Refinitiv Lipper Fund Awards based on
risk-adjusted returns for the period ended November 30, 2020.
Fund
Category
2021 Refinitiv Lipper Award
Victory High Yield Fund, Y (RSYYX)
High Yield (out of 102 funds)
5 Years
Victory Floating Rate Fund, Y (RSFYX)
Loan Participation (out of 55 funds)
3 Years
Victory Floating Rate Fund, Y (RSFYX)
Loan Participation (out of 51 funds)
5 Years
“We are honored to have multiple funds recognized by Refinitiv
Lipper, including our Victory Floating Rate Fund receiving the
award for both the three- and the five-year periods and the Victory
High Yield Fund being recognized for the second consecutive year,”
said Mannik S. Dhillon, President, Victory Capital Solutions.
“These awards are reflective of our commitment to consistently
deliver excellent, long-term risk-adjusted returns to our fund
shareholders.”
The Victory High Yield 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 Victory Floating Rate Fund seeks to provide a high level of
current income through investments primarily in floating rate loans
and other floating rate investments. Most of the Fund’s investments
will typically be below investment grade. The investment team
considers several factors such as the issuer’s credit quality,
management, capital structure, leverage, operational performance,
and the business outlook for the industry of the issuer.
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. 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.
Victory High Yield Fund Class Y was selected from among 102
funds and 375 share classes in the high yield fund category over
five years for the period ending November 30, 2020. Victory
Floating Rate Fund Class Y was selected from among 55 funds and 222
share classes in the loan participation fund category over three
years and among 51 funds and 195 share classes in the loan
participation fund category over five years for the period ending
November 30, 2020.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $150.6 billion in assets under management as of February 28,
2021. 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 10 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, 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:
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.
Carefully consider a fund's investment objectives, risks,
charges and expenses before investing. To obtain a prospectus or
summary prospectus containing this and other important information,
visit www.vcm.com/prospectus. Read it 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.
Fixed income securities are subject to interest rate, inflation,
credit and default risk. The bond market is volatile. Bonds and
bond funds will decrease in value as interest rates rise and vice
versa. Credit risk refers to the possibility that debt issuers may
not be able to make principal and interest payments or may have
their debt downgraded by ratings agencies. High yield securities
may be more volatile, be subject to greater levels of credit or
default risk and may be less liquid and more difficult to sell at
an advantageous time or price than higher rated securities of
similar maturity. Securities with floating interest rates are less
sensitive to interest rate changes but may decline in value if
their interest rates do not rise as much as interest rates in
general. Floating rate investments issued in connection with
leveraged transactions are subject to greater credit risk than many
other investments. In certain circumstances, a lack of a ready
market may make it difficult for the Fund to purchase or sell
particular investments within a reasonable time and/or at a fair
price. International investments may involve risk of capital loss
from unfavorable fluctuation in currency values, from differences
in generally accepted accounting principles or from economic or
political instability in other nations. Derivatives may not work as
intended and may result in losses. The value of your investment is
also subject to geopolitical risks such as wars, terrorism,
environmental disasters, and public health crises; the risk of
technology malfunctions or disruptions; and the responses to such
events by governments and/or individual companies.
Park Avenue Institutional Advisers LLC is the sub adviser to the
Fund. The Fund is distributed by Victory Capital Services, Inc.
(“VCS”). Victory Capital Management Inc. ("VCM"), an affiliate of
VCS, is the investment advisor to the Funds. Neither VCS nor VCM
are affiliated with Park Avenue Institutional Advisers LLC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210311005477/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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