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Victory Market Neutral Income Fund
  • The Fund’s objective is to generate income from equities without equity volatility and deliver:
    • An innovative solution to income generation in a low rate environment
    • An alternative income stream to fixed income
    • A Risk profile similar to traditional bonds
    • Low correlation to stocks and bonds
  • The team uses a proprietary, systematic approach by investing in high-dividend securities and shorting highly correlated equity futures to minimize equity risk and volatility
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Summary prospectus, prospectus, annual and semi-annual reports, and SAI

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Risk Measures

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Top 10 Holdings

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Characteristics

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Sector Diversification

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Asset Allocation

FUND OBJECTIVE 
The Fund seeks to achieve high current income. 
 
INVESTMENT STRATEGY 
The rules-based methodology invests an equal amount in securities of the Nasdaq Victory US and International High Dividend Indexes for high-dividend income. The Fund seeks to offset the market risk by shorting an equal amount of high-correlating equity future contracts, such as the S&P 500®, Russell 2000® or MSCI EAFE indexes. 
 
On a smaller scale, the Fund seeks to offset potential spread risk between the Nasdaq Victory Indexes and the equity futures by selling call or put options for income and investing in a rules-based proprietary long/short equity and VIX futures strategy. The Fund’s investments in foreign or domestic dividend-producing equity securities may include securities of any market capitalization size that are included in the Nasdaq Victory Volatility Weighted Indexes. A Nasdaq Victory High Dividend Volatility Weighted Index is an index compiled, created, sponsored or maintained by the Adviser that provides broad equity market exposure coupled with fundamental criteria and an equal weighting of volatility among all securities in each index. 

Management Team

Mannik Dhillon
Mannik Dhillon, CFA, CAIA

President, VictoryShares and Solutions

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