Victory High Income Municipal Bond A (RSHMX)
| Fund Assets | 35.37M |
| Expense Ratio | 0.80% |
| Min. Investment | $2,500 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.02% |
| Dividend Growth | -1.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.46 |
| YTD Return | -0.21% |
| 1-Year Return | -1.48% |
| 5-Year Return | 7.50% |
| 52-Week Low | 8.93 |
| 52-Week High | 9.88 |
| Beta (5Y) | n/a |
| Holdings | 81 |
| Inception Date | Nov 23, 2009 |
About RSHMX
The Victory High Income Municipal Bond Fund Class A is an open-end mutual fund focused on delivering a high level of current income that is generally exempt from federal income taxes. Its primary investment strategy centers on municipal bonds, with the flexibility to allocate up to 100% of its assets to high-yield or lower-rated securities, including those rated below investment grade as well as unrated issues. This approach means the fund predominantly holds bonds often referred to as “junk” bonds, which carry higher yields but increased credit risk compared to investment-grade municipal bonds. This fund employs a bond-by-bond portfolio construction process, emphasizing detailed credit analysis of issuers and security structures. It tends to invest in bonds near the lower end of the investment-grade spectrum and beyond, making it notable within the high-yield municipal sector. The fund serves investors seeking tax-advantaged income, with capital appreciation as a secondary objective. Its role in the market is to provide access to a diversified portfolio of municipal bonds, potentially offering higher income than funds limited to higher-rated securities, catering to those who prioritize income and tax efficiency within the municipal bond universe.
Performance
RSHMX had a total return of -1.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.94%.
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 |
|---|---|---|
| Sep 30, 2025 | $0.03312 | Oct 1, 2025 |
| Aug 29, 2025 | $0.03466 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03412 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03258 | Jul 1, 2025 |
| May 30, 2025 | $0.03165 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0325 | May 1, 2025 |