Victory High Income Municipal Bond Mmbr (RHMMX)
| Fund Assets | 34.69M |
| Expense Ratio | 0.65% |
| Min. Investment | $3,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.29% |
| Dividend Growth | -2.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.37 |
| YTD Return | -1.06% |
| 1-Year Return | -2.04% |
| 5-Year Return | n/a |
| 52-Week Low | 8.93 |
| 52-Week High | 9.89 |
| Beta (5Y) | n/a |
| Holdings | 88 |
| Inception Date | Nov 3, 2020 |
About RHMMX
Victory High Income Municipal Bond Fund Member Class is an actively managed municipal bond mutual fund focused on generating **high current income** that is **exempt from federal income taxes**, with a secondary objective of capital appreciation. The strategy invests primarily in **lower investment-grade** municipal securities and may allocate significantly to **below-investment-grade and unrated** municipal bonds, emphasizing rigorous, bond-by-bond credit research and structural analysis. The portfolio spans essential public finance sectors such as **education, healthcare, tax revenue, and continuing care retirement communities**, reflecting diversified exposure to revenue-backed issuers and project-specific credits. Management applies a bottom-up, fundamentals-driven process designed to assess issuer creditworthiness and security structures while seeking to minimize capital gains distributions. The Member Class was launched in 2020 and is part of a broader fund lineup that targets tax-advantaged income solutions. By concentrating on the municipal high-yield segment, the fund plays a role in connecting capital to state and local infrastructure and services, while offering investors access to tax-exempt income opportunities across the U.S. market.
Performance
RHMMX had a total return of -2.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.06%.
Top 10 Holdings
26.98% of assets| Name | Symbol | Weight |
|---|---|---|
| LANCASTER CNTY S C ASSMT REV - LANCASTER ASSMT A REF | SC.LANGEN 5 12.01.2037 | 4.22% |
| UTAH INFRASTRUCTURE AGY TELECOMMUNICATION REV - UTAH INFRASTRUCTURE AGY TELE | n/a | 2.92% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV - SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT | AL.SEEPWR 03.01.2055 | 2.63% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV - SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT | AL.SEEPWR 01.01.2056 | 2.56% |
| COLORADO EDL & CULTURAL FACS AUTH REV - COLORADO EDUCATIONAL CULTURAL FACILITIES AUTHORI | CO.COSEDU 6.88 02.01.2059 | 2.55% |
| INDIANA ST FIN AUTH ENVIRONMENTAL REV - INDIANA ST FIN AUTH ENVRNMNTL REVENUE | IN.INSENV 4.12 12.01.2026 | 2.53% |
| MONONGALIA CNTY WEST VA COMMN SPL DIST EXCISE TAX REV - MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX | WV.MNGDEV 5.75 06.01.2043 | 2.53% |
| GRAND FORKS N D SR HSG & NURSING FAC REV - GRAND FORKS ND SENIOR HSG NUR FAC REVENUE | n/a | 2.44% |
| MASSACHUSETTS ST DEV FIN AGY REV - MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | MA.MASDEV 5.25 07.01.2055 | 2.41% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT - NEW YORK STATE DORMITORY AUTHORITY | NY.NYSHGR 6 07.01.2040 | 2.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03589 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03529 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03368 | Jul 1, 2025 |
| May 30, 2025 | $0.03304 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03362 | May 1, 2025 |
| Mar 31, 2025 | $0.03469 | Apr 1, 2025 |