Victory High Income Municipal Bond Mmbr (RHMMX)
| Fund Assets | 35.37M |
| Expense Ratio | 0.65% |
| Min. Investment | $3,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.26% |
| Dividend Growth | -1.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 9.46 |
| YTD Return | -0.11% |
| 1-Year Return | -0.24% |
| 5-Year Return | 5.90% |
| 52-Week Low | 8.93 |
| 52-Week High | 9.88 |
| Beta (5Y) | n/a |
| Holdings | 81 |
| 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 -0.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.22%.
Top 10 Holdings
29.87% of assets| Name | Symbol | Weight |
|---|---|---|
| LANCASTER CNTY S C ASSMT REV 5% | SC.LANGEN 5 12.01.2037 | 4.80% |
| UTAH INFRASTRUCTURE AGY TELECOMMUNICATION REV 5.375% | UT.UTSFAC 5.38 10.15.2040 | 3.30% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25% | AL.BBEUTL 05.01.2056 | 2.98% |
| COLORADO EDL & CULTURAL FACS AUTH REV 6.875% | CO.COSEDU 6.88 02.01.2059 | 2.97% |
| MONONGALIA CNTY WEST VA COMMN SPL DIST EXCISE TAX REV 5.75% | WV.MNGDEV 5.75 06.01.2043 | 2.88% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2055 | 2.84% |
| GRAND FORKS N D SR HSG & NURSING FAC REV 5% | ND.GRAHSG 5 12.01.2036 | 2.81% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 6% | NY.NYSHGR 6 07.01.2040 | 2.54% |
| OHIO ST HIGHER EDL FAC COMMN REV 5.5% | OH.OHSEDU 5.5 10.01.2050 | 2.47% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.85% | TX.PPATRN 04.01.2040 | 2.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.03416 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03426 | Oct 1, 2025 |
| 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 |