Victory High Income Municipal Bond Mmbr (RHMMX)
| Fund Assets | 24.94M |
| Expense Ratio | 0.65% |
| Min. Investment | $3,000 |
| Turnover | 8.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | 0.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.23 |
| YTD Return | 0.48% |
| 1-Year Return | 1.07% |
| 5-Year Return | 3.15% |
| 52-Week Low | 8.67 |
| 52-Week High | 9.46 |
| Beta (5Y) | n/a |
| Holdings | 80 |
| 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 1.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.33%.
Top 10 Holdings
29.48% of assets| Name | Symbol | Weight |
|---|---|---|
| LANCASTER CNTY S C ASSMT REV - LANCASTER ASSMT A REF | SC.LANGEN 5 12.01.2037 | 4.74% |
| UTAH INFRASTRUCTURE AGY TELECOMMUNICATION REV - UTAH INFRASTRUCTURE AGY TELE | UT.UTSFAC 5.38 10.15.2040 | 3.25% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV - BLACK BELT ENERGY GAS DISTRICT | AL.BBEUTL 05.01.2056 | 2.94% |
| COLORADO EDL & CULTURAL FACS AUTH REV - COLORADO EDUCATIONAL CULTURAL FACILITIES AUTHORI | n/a | 2.93% |
| MONONGALIA CNTY WEST VA COMMN SPL DIST EXCISE TAX REV - MONONGALIA CNTY WV COMMISSION SPL DIST EXCISE TAX | n/a | 2.84% |
| MASSACHUSETTS ST DEV FIN AGY REV - MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | MA.MASDEV 5.25 07.01.2055 | 2.80% |
| GRAND FORKS N D SR HSG & NURSING FAC REV - GRAND FORKS ND SENIOR HSG NUR FAC REVENUE | ND.GRAHSG 5 12.01.2036 | 2.78% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT - NEW YORK STATE DORMITORY AUTHORITY | NY.NYSHGR 6 07.01.2040 | 2.50% |
| OHIO ST HIGHER EDL FAC COMMN REV - OHIO HIGHER EDUCATIONAL FACILITY COMMISSION | OH.OHSEDU 5.5 10.01.2050 | 2.44% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV - PORT OF PORT ARTHUR NAVIGATION DISTRICT | n/a | 2.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.03363 | Dec 1, 2025 |
| 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 |