VFFRX

About VFFRX

Victory INCORE Fund for Income Class R6 is an actively managed mutual fund focused on short‑duration U.S. government securities and agency mortgage‑backed securities. Its primary objective is to deliver a high level of current income while preserving capital by concentrating on instruments backed by the full faith and credit of the U.S. government, including Government National Mortgage Association pools and collateralized mortgage obligations with modest interest‑rate sensitivity. The portfolio typically targets a Treasury‑like duration profile in the 1–5 year range, emphasizing low credit risk and controlled prepayment risk relative to traditional mortgage exposure. Within the short government category, the fund’s holdings are predominantly AAA‑rated, with a core allocation to U.S. Treasury bills and bonds complemented by GNMA mortgage securities to capture mortgage spread premium. The strategy’s role in the market is to provide stable income and liquidity characteristics similar to short government bonds, while seeking incremental yield through disciplined mortgage selection and risk management over a full market cycle.