UHYOX — High Income Fund
Data updated: 2026-09-29
UHYOX — High Income Fund. Intermediate Corporate Bond · $947.23M AUM · 0.91% expense ratio · 8.7% 1-yr return. Holdings, fees, performance and SEC filings.
UHYOX Fund Overview
UHYOX — High Income Fund is a US mutual fund managed by Victory Portfolios III, categorised as Intermediate Corporate 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: Intermediate Corporate Bond
- Assets under management: $947.23M
- 1-year return: 8.7%
- Ticker: UHYOX
- SEC CIK: 0000908695
- SEC series ID: S000012898
- Share class ID: C000220608
UHYOX Investment Objective and Strategy
High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Victory Portfolios III.
Investment objective
The USAA High Income Fund (the Fund) seeks to provide an attractive total return primarily through high current income and secondarily through capital appreciation.
Principal investment strategy
"The Fund primarily invests its assets in a broad range of U.S. dollar- denominated high-yield securities, including bonds (often referred to as ""junk"" bonds), convertible securities, leveraged loans, or preferred stocks, with an emphasis on non-investment-grade debt securities. Although the Fund will invest primarily in U.S. securities, it may invest without limit in dollar- denominated foreign securities and to a limited extent in non-dollar- denominated foreign securities, including in each case emerging-markets securities."
UHYOX Holdings
Top 10 holdings of High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fixed Income Clearing Co. | 9.08% |
| Goldman Sachs Financial Square Government Fund | 1.60% |
| Hsbc US Government Money Market Fund | 1.60% |
| MSILF Government Portfolio | 1.60% |
| Invesco Government & Agency Portfolio | 1.60% |
| Echostar Corporation | 1.39% |
| Royal Caribbean Cruises Ltd. | 1.15% |
| Ardonagh Group Finance Limited | 1.14% |
| Howden UK Refinance 2 PLC | 1.01% |
| Panther Escrow Issuer, LLC | 0.90% |
UHYOX Portfolio Allocation
Asset-class allocation of High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 76.2% |
| Cash & Equivalents | 15.5% |
| Loans | 7.6% |
| Securitized | 4.0% |
| Equity | 1.2% |
| Other | 1.0% |
UHYOX Performance
Total returns for UHYOX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.7% |
| 3 years (annualised) | 1.2% |
UHYOX Risk Information
Risk metrics for UHYOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.3%
UHYOX Costs and Fees
UHYOX costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 1.82%
- Portfolio turnover: 77%
- Brokerage commissions: 1.59 bps of average net assets (SEC N-CEN)
UHYOX Cashflows
Over the 12 months to 2026-04, High Income Fund had net outflows of $54.34M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$694.18K |
| 2026-03 | −$3.97M |
| 2026-02 | $213.53K |
| 2026-01 | $1.83M |
| 2025-12 | −$1.18M |
| 2025-11 | $1.05M |
UHYOX Debt Constituents
Largest debt holdings of High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Echostar Corporation | 1.39% |
| Royal Caribbean Cruises Ltd. | 1.15% |
| Ardonagh Group Finance Limited | 1.14% |
| Howden UK Refinance 2 PLC | 1.01% |
| Panther Escrow Issuer, LLC | 0.90% |
| Ncl Corporation Ltd. | 0.78% |
| Uniti Services LLC | 0.76% |
| Burford Capital Global Finance LLC | 0.72% |
| Organon & Co. | 0.69% |
| Ukg Inc. | 0.64% |
UHYOX Prospectus and SEC Filings
Official High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-08-27
- Prospectus (485BPOS) — filed 2025-08-27
- Prospectus (485BPOS) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-07-10
- Annual census (N-CEN) — filed 2025-07-11
Related Funds
Other Intermediate Corporate 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.