Victory High Yield Fund - Class Y
RSYYX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Victory Portfolios MA United States of America
- IPO Date
- May 12, 2009
- CIK
- 0000814232
- Website
- investor.vcm.com
- Similar Companies
- Business
- Victory High Yield Fund - Class Y (RSYYX) is a mutual fund managed by Victory Capital Management Inc. that seeks current income, with capital appreciation as a secondary objective, by investing primarily in high-yield securities including corporate bonds, convertible bonds, and other debt instruments rated below investment grade (junk bonds); bank loans; and asset-backed securities. The fund normally allocates at least 80% of its net assets to such below-investment-grade fixed-income securities, focusing on U.S. issuers across various sectors such as corporate bonds (approximately 85% of assets), cash equivalents, and limited exposure to commercial mortgage-backed securities, while emphasizing issuers with strong earnings patterns, financial histories, and management prospects to maximize total return from all capital structure levels. Class Y shares, with a net expense ratio of 0.78%, target institutional investors with a minimum initial investment of $1 million and feature recent 30-day SEC yields around 5.77%-6.33%, alongside a portfolio of roughly 337 holdings and annual turnover of 88%. Victory Capital Management Inc., headquartered in San Antonio, Texas, with key operations in Columbus, Ohio, launched the Class Y shares on May 12, 2009, as part of the broader Victory High Yield Fund family that traces origins to 1998. The fund operates within the high-yield bond segment of the fixed-income market, serving investors seeking higher income with reduced interest-rate sensitivity compared to investment-grade alternatives, primarily through U.S.-focused portfolios available to retail and institutional clients via platforms like broker-dealers and financial advisors. Recent portfolio management changes in late 2024 saw Jim Jackson, CFA; Kurt Daum, JD; and Jason Lincoln, CFA transition to lead roles, replacing prior managers including those from Park Avenue, with tenures beginning September 27, 2024. On the parent company level, Victory Capital completed a major strategic combination with Amundi US in early 2025 (announced April 2024 and closed around April 1, 2025), integrating Amundi US assets to expand Victory's platform to nearly $300 billion, enhancing fixed-income capabilities, global distribution via 15-year agreements, and achieving over $50 million in initial net expense synergies with targets raised to $110 million. These developments bolster the fund's operational scale and investment resources amid ongoing high-yield market dynamics.