Victory Income Fund is a mutual fund specializing in U.S. dollar-denominated fixed-income securities, primarily targeting the objective of maximizing current income while maintaining a focus on preserving principal. This fund predominantly invests in investment-grade bonds issued or guaranteed by the U.S. government, its agencies, and high-quality corporations. Up to 10% of its assets may be allocated to below-investment-grade bonds, also known as high-yield or "junk" bonds, to enhance yield potential within prudent risk parameters. Categorized as an intermediate core-plus bond fund, Victory Income Fund offers broad exposure across nearly a thousand individual fixed-income holdings, balancing government and corporate debt, with limited exposure to preferred securities and cash equivalents. Managed by Victory Capital, the fund applies a disciplined approach to credit selection and interest rate sensitivity, aligning its portfolio with major benchmarks such as the Bloomberg U.S. Aggregate Bond Index. With a long-standing history since 1974 and assets under management in the billions, it plays a significant role for investors seeking diversified, income-oriented exposure within the U.S. bond market. The fund distributes income on a monthly basis, appealing particularly to those prioritizing reliable cash flow from their investments.
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