Victory Short-Term Bond Fund R6 (URSBX)

Overview

The fund focuses on providing investors with a comprehensive investment solution through a diversified portfolio of investment-grade debt securities. With a strategic emphasis on maintaining a dollar-weighted average portfolio maturity of three years or less, the fund seeks to balance yield, risk, and liquidity. This careful management approach aims to ensure stability and attractive returns for its investors by investing in a mix of high-quality, short-term debt instruments. The fund's investor-centric strategy is geared towards those who seek a conservative investment vehicle that prioritizes investment-grade securities.

Products and Services

• Obligations of U.S., State, and Local Governments

  The fund invests in a variety of government securities, including bonds and other obligations issued by the U.S. federal government, as well as state and local governments. These investments offer stability and reliability, backed by the credit of the issuing government entities.

• Mortgage- and Asset-Backed Securities

  Investments in mortgage- and asset-backed securities are designed to provide higher yields than government bonds with manageable risk levels. These securities are backed by pools of assets, offering a degree of diversification and the potential for income through interest payments.

• Corporate Debt Securities

  Corporate bonds and other forms of corporate debt securities represent loans to companies that promise to return the principal along with interest. These investments can offer higher yields compared to government bonds, reflecting the higher risk associated with lending to corporations.

• Repurchase Agreements

  The fund may engage in repurchase agreements, which are essentially short-term loans secured by securities. These agreements allow the fund to invest cash on a short-term basis, with the added security of collateral, typically in the form of government or high-quality corporate bonds.

• Other Securities with Debt-Like Characteristics

  In addition to the specific categories mentioned above, the fund also invests in a range of other financial instruments that possess debt-like characteristics. This includes, but is not limited to, money market instruments, short-term notes, and other debt instruments that offer fixed income opportunities.