Victory Government Securities Fund

C000091167 Fund Overview

Victory Government Securities Fund is a US mutual fund managed by Victory Portfolios III, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Victory Portfolios III
• Category: Long Securitized (MBS/ABS/CMBS) Bond
• Assets under management: $1.23B
• SEC CIK: 0000908695
• SEC series ID: S000012929
• Share class ID: C000091167

C000091167 Investment Objective and Strategy

Victory Government Securities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios III.

Investment objective

The Victory Government Securities Fund (the Fund) provides investors a high level of current income consistent with preservation of principal.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in government securities. Government securities include U.S. Treasury bills, notes, and bonds; Treasury Inflation Protected Securities (TIPS); mortgage-backed securities (MBS) backed by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); U.S. government agency collateralized mortgage obligations; securities issued by U.S. government agencies and instrumentalities; and repurchase agreements collateralized by such investments.[ This 80% policy may be changed upon at least 60 days prior written notice to shareholders. Securities that are backed by the full faith and credit of the U.S.

government are considered to be of the highest credit quality available. These securities are guaranteed only as to the timely payment of interest and principal when held to maturity, and the market prices for such securities will fluctuate. U.S. Treasuries and Ginnie Mae securities are backed by the full faith and credit of the U.S. government. The securities issued by U.S. government agencies and instrumentalities are supported by the credit of the issuing agency, instrumentality, or corporation (which are neither issued nor guaranteed by the U.S. Treasury), including but not limited to, Fannie Mae, Freddie Mac, the Federal Agricultural Mortgage Corporation (Farmer Mac), Federal Farm Credit Bank, Federal Home Loan Bank, Private Export Funding Corp (Pefco), and the Small Business Administration.

The effective duration of the Fund is generally within two years of the Bloomberg U.S. Aggregate Government Intermediate & MSB Index.

C000091167 Holdings

Top 10 holdings of Victory Government Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000091167 holdings

C000091167 Portfolio Allocation

Asset-class allocation of Victory Government Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000091167 Costs and Fees

C000091167 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.90%
• Portfolio turnover: 20%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000091167 Cashflows

Over the 12 months to 2026-05, Victory Government Securities Fund had net inflows of $112.96M, from monthly SEC N-PORT filings.

C000091167 Debt Constituents

Largest debt holdings of Victory Government Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000091167 Prospectus and SEC Filings

Official Victory Government Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-06-26
• Prospectus (485BPOS) — filed 2025-06-26
• Prospectus (485BPOS) — filed 2024-06-27
• Portfolio holdings (N-PORT) — filed 2026-07-27
• Portfolio holdings (N-PORT) — filed 2026-04-24
• Portfolio holdings (N-PORT) — filed 2026-01-27
• Annual census (N-CEN) — filed 2026-05-11
• Annual census (N-CEN) — filed 2025-05-13

Related Funds

Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:

• PIMCO Income Fund (PONAX)
• Bridge Builder Core Plus Bond Fund (BBCPX)
• iShares MBS ETF (MBB)
• Guggenheim Total Return Bond Fund (GIBAX)
• Janus Henderson AAA CLO ETF (JAAA)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.