Quarterly Performance Summary
The Victory Fund for Income, Class A shares at net asset value, delivered a total return of 1.07% for the quarter ended December 31, 2025. Equity markets closed higher across the board, with the Dow Jones Industrial Average gaining 4.0%, the S&P 500 Index rising 2.7%, and the Nasdaq Composite also advancing 2.7%.
The fund’s primary holding in GNMA pass-through securities ranked as the second-largest driver of its positive performance during the period.
Detailed Commentary
For the same quarter, the Victory Fund for Income achieved a 1.07% total return. Its benchmark, the Bloomberg U.S. 1-5 Year Government Bond Index, recorded a slightly higher return of 1.15%.
