**Mutual Fund Commentaries**
**Victory Income Fund (Institutional Shares) Outperforms Benchmark in Q3 2025**
The Victory Income Fund (Institutional Shares) outperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, for the quarter ended September 30, 2025.
Risk assets performed well during the third quarter despite a slight uptick in inflation and increased concerns surrounding employment. Inflation picked up in Q3, lending support to those who argued that the impact of tariffs would increase prices.
**Executive Summary**
Risk assets showed strength throughout the third quarter, even as inflation edged higher and employment issues raised concerns. The dominant theme of discussion during the quarter centered on whether, and by how much, inflation and related economic factors would influence market performance.
This article was written by 43 Followers who selected quarterly mutual fund commentaries.
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