Fund Evaluator:
Victory Target Retirement Income (URINX)
Follow This Fund
Best Performing in Target-Date Retirement Over the Last Year
| 11.8% | Victory Target Retirement Income (URINX) |
| 11.4% | BlackRock LifePath ESG Index Ret Inv A (LERAX) |
| 11.3% | Putnam Retirement Advantage Maturity Y (PAETX) |
| 11.3% | BlackRock LifePath® Index Retire Inv A (LIRAX) |
| 11.0% | BlackRock LifePath® Dyn Retirement Inv A (LPRAX) |
Fund Details
Victory Target Retirement Income Overview
Victory Target Retirement Income (URINX) is an actively managed Allocation Target-Date Retirement fund. Victory Capital Management Inc. launched the fund in 2008.
The investment seeks capital appreciation and current income consistent with its current investment allocation. The fund's current target asset allocation consists of: approximately 35% of its net assets allocated to underlying affiliated funds that invest primarily in equity securities; approximately 65% of its net assets allocated to underlying affiliated funds that invest primarily in fixed-income securities.
About Victory Target Retirement Income (URINX)
There are 3 members of the management team with an average tenure of 6.59 years: Mannik Dhillon (2019), Lance Humphrey (2018), Lela Dunlap (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P Target Date Retirement Income TR USD index with a weighting of 100%. Victory Target Retirement Income has 28 securities in its portfolio. The top 10 holdings constitute 75.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Victory Target Retirement Income is part of the Allocation global asset class and is within the Allocation fund group. Victory Target Retirement Income has 32.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 8.9%. There is 29.0% allocated to foreign stock, and 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 57.0% (53.1% domestic bond, 3.9% foreign bond and 0.0% convertible bond). Victory Target Retirement Income has 4.4% of the portfolio in cash.
Assets Under Management
The fund has $701 million in total assets, which is above the $493 million average for the Target-Date Retirement category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
URINX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Victory Target Retirement Income expense ratio is average compared to funds in the Target-Date Retirement category. Victory Target Retirement Income has an expense ratio of 0.55%, which is 14% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Victory Target Retirement Income has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 28% for the Target-Date Retirement category.
Recently, in the month of June 2026, Victory Target Retirement Income returned 0.5%, which earned it a grade of A, as the Target-Date Retirement category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Victory Target Retirement Income has a trailing yield of 3.40%, which is above the 3.18% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Victory Target Retirement Income Grades
Year to date, the fund has returned 6.1%, 1.5 percentage points better than the category, which translates into a grade of A. The fund has returned 11.8% over the past year (grade of A), 10.4% over the past three years (grade of A) and 5.2% per year over the past five years (grade of A) and 5.8% per year over the past 10 years (grade of B).
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URINX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| URINX Return (NAV) | 0.5% | 5.4% | 11.8% | 10.4% | 5.2% | 5.8% |
| URINX Grade | A | B | A | A | A | B |
| +/- Category | 0.4% | 0.5% | 2.0% | 1.6% | 1.3% | 0.7% |
| Target-Date Retirement Avg | 0.1% | 5.0% | 9.8% | 8.8% | 3.9% | 5.1% |
| URINX Tax Cost Ratio | na | na | 2.0% | 1.7% | 1.9% | 1.7% |
URINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| URINX Return (NAV) | 6.1% | 12.4% | 7.1% | 11.1% | -10.6% | 6.5% | 8.7% | 11.7% | -3.0% | 8.7% | 6.4% |
| URINX Grade | A | A | B | B | A | B | D | D | B | C | A |
| +/- Category | 1.5% | 1.7% | 0.7% | 1.0% | 2.0% | 1.1% | -0.4% | -1.0% | 0.3% | -0.1% | 1.4% |
| Target-Date Retirement Avg | 4.6% | 10.6% | 6.4% | 10.1% | -12.6% | 5.4% | 9.1% | 12.7% | -3.3% | 8.8% | 5.0% |
| Risk Measures | |
| Standard Deviation: | 5.9% |
| Total Risk Index: | 0.48 - Below Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (32% Rank) |
| Beta: | 0.62 |
| R-Squared: | 98% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $701 Mil |
| Fund Total Assets: | $ 702 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 10% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.1 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Humphrey Lance (2018), Dhillon Mannik (2019), Dunlap Lela (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 75.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 32.9% |
Portfolio Allocation |
|
| Domestic Stock: | 8.9% |
| Foreign Stock: | 29.0% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 53.1% |
| Foreign Bond: | 3.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.4% |
Purchase Information
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 800-235-8396 |
| Website: | www.usaa.com |
| Status: | Open |
| Inception Date: | July 31, 2008 |
| Min. Initial Purchase: | $ 500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.55% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.64% |
| Share Class: | Victory Target Retirement Income |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
