RLDKX — Victory INCORE Low Duration Bond Fund
Data updated: 2026-08-26
RLDKX — Victory INCORE Low Duration Bond Fund. Intermediate Total / Aggregate Bond · $82.45M AUM. Holdings, fees, performance and SEC filings.
RLDKX Fund Overview
RLDKX — Victory INCORE Low Duration Bond Fund is a US mutual fund managed by Victory Portfolios, categorised as Intermediate Total / Aggregate 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
- Category: Intermediate Total / Aggregate Bond
- Assets under management: $82.45M
- 1-year return: 3.4%
- Ticker: RLDKX
- SEC CIK: 0000802716
- SEC series ID: S000053571
- Share class ID: C000168372
RLDKX Investment Objective and Strategy
Victory INCORE Low Duration Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios.
Investment objective
The Victory Low Duration Bond Fund (the Fund) seeks to provide a high level of current income consistent with preservation of capital.
Principal investment strategy
The Adviser pursues the Funds investment objective by investing, under normal circumstances, at least 80% of its assets in debt securities. The Funds 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); convertible bonds and notes; 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 Funds portfolio is expected to be between one to three years and an average maturity between one to three 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 prices sensitivity to a given change in interest rates. An investment-grade security is one that is rated Baa3 and higher by Moodys Investors Service, Inc. or BBB- and higher by S&P Global Ratings 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 Funds 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 primarily will be invested in domestic securities, up to 20% of the Funds 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 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 Funds sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation.
RLDKX Holdings
Top 10 holdings of Victory INCORE Low Duration Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 3.40% |
| United States of America | 1.87% |
| United States of America | 1.81% |
| United States of America | 1.25% |
| United States of America | 1.21% |
| Antero Resources Corporation | 0.99% |
| Bacardi-Martini B.V. | 0.97% |
| Alexandria Real Estate Equities, Inc. | 0.97% |
| Barclays PLC | 0.94% |
| Avis Budget Rental Car Funding | 0.94% |
RLDKX Portfolio Allocation
Asset-class allocation of Victory INCORE Low Duration Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 59.8% |
| Securitized | 36.3% |
| Cash & Equivalents | 4.7% |
RLDKX Performance
Total returns for RLDKX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.4% |
| 3 years (annualised) | 0.2% |
RLDKX Risk Information
Risk metrics for RLDKX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
RLDKX Costs and Fees
RLDKX costs about $127 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.27%
- Gross expense ratio: 2.22%
- Portfolio turnover: 26%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
RLDKX Cashflows
Over the 12 months to 2026-06, Victory INCORE Low Duration Bond Fund had net outflows of $11.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$749.99K |
| 2026-05 | −$1.35M |
| 2026-04 | −$1.61M |
| 2026-03 | −$1.27M |
| 2026-02 | −$1.82M |
| 2026-01 | $525.03K |
RLDKX Debt Constituents
Largest debt holdings of Victory INCORE Low Duration Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 3.40% |
| United States of America | 1.87% |
| United States of America | 1.81% |
| United States of America | 1.25% |
| United States of America | 1.21% |
| Barclays PLC | 0.94% |
| United States of America | 0.94% |
| Svenska Handelsbanken AB | 0.93% |
| Universal Health Services, Inc. | 0.83% |
| American Airlines 2015-2 Pass Through Trusts | 0.76% |
RLDKX Prospectus and SEC Filings
Official Victory INCORE Low Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus supplement (497) — filed 2024-05-03
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:
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.