RSICX — Victory Strategic Income Fund
Data updated: 2022-05-25
RSICX — Victory Strategic Income Fund. Emerging Markets Value Equity · $59.54M AUM · 1.75% expense ratio. Holdings, fees, performance and SEC filings.
RSICX Fund Overview
RSICX — Victory Strategic Income Fund is a US mutual fund managed by Victory Portfolios, categorised as Emerging Markets Value 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 Portfolios
- Category: Emerging Markets Value Equity
- Assets under management: $59.54M
- 1-year return: -4.7%
- Ticker: RSICX
- SEC CIK: 0000802716
- SEC series ID: S000053576
- Share class ID: C000168389
RSICX Investment Objective and Strategy
Victory Strategic Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios.
Investment objective
The Fund seeks to provide a high current income
Principal investment strategy
"The Fund invests in fixed-income obligations of any kind, including, by way of example, U.S. and foreign corporate investment-grade securities; U.S. government securities and securities of foreign governments and supranational entities; U.S. and foreign below investment grade bonds; and cash instruments. Park Avenue Institutional Advisers LLC, the Fund's sub-adviser, (""Park Avenue"") allocates the Fund's investments among these (and other) types of obligations based on its detailed analysis of market, economic, political, and other factors, and of the potential for the various obligations to provide high current income and/or capital appreciation. Park Avenue selects specific investments for the Fund by considering a wide variety of factors, including yield, potential for appreciation in value, the credit quality of the issuer or collateral, maturity, and the degree of risk associated with a specific investment relative to the potential for favorable investment returns and to other investments.
Park Avenue may sell investments when it believes that they no longer offer attractive potential future returns compared to other investment opportunities or that they present undesirable risks, or in an attempt to limit losses on investments that may decline or have declined in value. The Fund may invest in investments of any maturity. The Fund may invest in securities of any quality, and may invest without limit in below investment grade securities or unrated securities considered by Park Avenue to be of comparable quality, sometimes referred to as ""high yield"" or ""junk"" bonds. An investment will be considered to be below investment grade if it is rated Ba1 or lower by Moodys Investors Service, Inc. and BB+ or lower by Standard & Poors Ratings Group, or if unrated, is considered by Park Avenue to be of comparable quality.
A below investment grade rating reflects a greater possibility that the issuer of an investment may be unable to make timely payments of interest and principal and thus default. If this happens, or is perceived as likely to happen, the value of that investment will usually be more volatile and is likely to fall. The Fund may invest in emerging markets debt. There is no limit on the amount of the Fund's assets that may be invested in obligations of issuers in any country or group of countries. The Fund may invest in any type of debt instrument, including, for example, domestic or foreign corporate debt securities, securities issued or guaranteed by sovereign governments, their agencies, or instrumentalities, and mortgage-backed securities. The Fund may invest in ""tax credit bonds"" (including Build America Bonds, clean renewable energy bonds and qualified tax credit bonds) and tax-exempt bonds.
The Fund may invest in convertible securities and warrants. The Fund may invest a substantial portion of its assets in mortgage-backed securities, including collateralized mortgage obligations, and other asset-backed securities. The Fund 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, 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.
In addition, as a substitute for investments directly in debt securities, the Fund may seek exposure to such debt securities through investments in exchange-traded funds."
RSICX Performance
Total returns for RSICX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.7% |
| 3 years (annualised) | 0.6% |
RSICX Risk Information
Risk metrics for RSICX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.3%
RSICX Costs and Fees
RSICX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 1.97%
- Portfolio turnover: 194%
- Brokerage commissions: 1.39 bps of average net assets (SEC N-CEN)
RSICX Cashflows
Over the 12 months to 2022-03, Victory Strategic Income Fund had net inflows of $48.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $4.15M |
| 2022-02 | $1.32M |
| 2022-01 | $3.19M |
| 2021-12 | $2.85M |
| 2021-11 | $3.72M |
| 2021-10 | $2.39M |
RSICX Debt Constituents
No individual debt constituents are reported in Victory Strategic Income Fund's latest SEC N-PORT filing.
RSICX Prospectus and SEC Filings
Official Victory Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-12
- Prospectus supplement (497) — filed 2020-08-07
- 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 Emerging Markets Value Equity 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.