Victory INCORE Low Duration Bond VIP Series

C000168425 Fund Overview

Victory INCORE Low Duration Bond VIP Series is a US mutual fund managed by Victory Variable Insurance Funds, categorised as Developed ex-US Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Victory Variable Insurance Funds
• Category: Developed ex-US Equity
• Assets under management: $232.96M
• 1-year return: -1.4%
• SEC CIK: 0001068663
• SEC series ID: S000053589
• Share class ID: C000168425

C000168425 Investment Objective and Strategy

Victory INCORE Low Duration Bond VIP Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Variable Insurance Funds.

Investment objective

"The INCORE Low Duration Bond VIP Series ('Fund"") seeks to provide a high level of current income consistent with preservation of capital."

Principal investment strategy

"The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of its assets in debt securities. The Fund's debt securities may include without limitation: U.S. government securities, including securities issued by agencies or instrumentalities of the U.S. government; long- and short-term corporate debt obligations; mortgage-backed securities, including collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS); asset-backed securities, including collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs); and U.S. dollar-denominated obligations of foreign governments, corporations and banks (i.e., Yankee Bonds). The Adviser uses bond market sector allocation, comprehensive credit analysis, and yield curve positioning to select securities for the Fund.

Under normal market conditions, the average duration of the Fund's portfolio is expected to be between 1 to 3 years and an average maturity between 1 to 3 years. The Fund seeks to maintain a low duration but may lengthen or shorten its duration within that range to reflect changes in the overall composition of the short-term investment-grade debt markets. Duration is a measure of a bond price's sensitivity to a given change in interest rates. An investment-grade security is one that is rated Baa3 and higher by Moody's Investors Service, Inc. or BBB- and higher by Standard & Poor's Ratings Group or, if unrated, has been determined by the Adviser to be of comparable quality. The Fund may invest up to 20% of its total assets in below investment grade debt securities, commonly known as ""high-yield"" securities or ""junk bonds."" The Adviser regularly reviews the Fund's investments and may sell investments when it believes the securities are no longer attractive due to valuation, changes in the fundamental outlook of the company or other investments are considered more attractive.

Although the Fund will primarily be invested in domestic securities, up to 20% of the Fund's assets may be invested in foreign securities, which may be denominated in foreign currencies. The Fund may purchase or sell securities on a when-issued, to-be-announced (TBA), delayed delivery or forward commitment basis and may engage in short-term trading of portfolio securities. There is no limitation on the maturity of any specific security the Fund may purchase, and the Fund may sell any security before it matures. The Fund may also utilize dollar roll transactions to obtain market exposure to certain types of securities, particularly mortgage-backed securities. The Adviser may invest in loans of any maturity and credit quality. The Fund may enter into exchange-traded or over-the-counter derivatives transactions of any kind, such as futures contracts (both long and short positions), options on futures, and swap contracts, including, for example, interest rate swaps and credit default swaps.

The Fund also may enter into exchange-traded or over-the-counter foreign currency exchange transactions, including currency futures, forward, and option transactions. The Fund may enter into any of these transactions for a variety of purposes, including, but not limited to, hedging various risks such as credit risk, interest rate risk, currency risk, and liquidity risk; taking a net long or short position in certain investments or markets; providing liquidity in the Fund; equitizing cash; minimizing transaction costs; generating income; adjusting the Fund's sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation. The Adviser will invest in investment companies, including exchange-traded funds (ETFs), for cash management purposes or to seek exposure to a particular asset class."

C000168425 Holdings

Top 10 holdings of Victory INCORE Low Duration Bond VIP Series by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000168425 holdings

C000168425 Portfolio Allocation

Asset-class allocation of Victory INCORE Low Duration Bond VIP Series by percentage of net assets, from the latest SEC N-PORT filing.

C000168425 Performance

Total returns for C000168425 (as of 2026-10-01), from SEC filings.

C000168425 Risk Information

Risk metrics for C000168425, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.4%

C000168425 Costs and Fees

C000168425 costs about $53 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.53%
• Gross expense ratio: 0.71%
• Portfolio turnover: 88%
• Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)

C000168425 Cashflows

Over the 12 months to 2022-03, Victory INCORE Low Duration Bond VIP Series had net inflows of $87.03M, from monthly SEC N-PORT filings.

C000168425 Debt Constituents

Largest debt holdings of Victory INCORE Low Duration Bond VIP Series by percentage of net assets, from the latest SEC N-PORT filing.

C000168425 Prospectus and SEC Filings

Official Victory INCORE Low Duration Bond VIP Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-04-19
• Prospectus (485BPOS) — filed 2020-05-08
• Prospectus (485BPOS) — filed 2019-05-03
• Portfolio holdings (N-PORT) — filed 2022-05-25
• Portfolio holdings (N-PORT) — filed 2022-02-25
• Portfolio holdings (N-PORT) — filed 2021-11-26
• Annual census (N-CEN) — filed 2022-03-15
• Annual census (N-CEN) — filed 2021-03-16

Related Funds

Other Developed ex-US Equity funds tracked on ABC INVEST:

• Aristotle Pacific EXclusive Fund Series C (APXCX)
• Defiance Daily Target 2X Long POET ETF (POEL)
• REX-Osprey ETH + Staking ETF (ESK)
• T-Rex 2x Long Achr Daily Target ETF (ACHU)
• T-Rex 2x Long Duol Daily Target ETF (DULU)

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.