Victory High Income Municipal Bond A (RSHMX)
| Fund Assets | 34.69M |
| Expense Ratio | 0.80% |
| Min. Investment | $2,500 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.04% |
| Dividend Growth | -2.88% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.37 |
| YTD Return | -1.26% |
| 1-Year Return | -2.70% |
| 5-Year Return | 5.98% |
| 52-Week Low | 8.93 |
| 52-Week High | 9.88 |
| Beta (5Y) | n/a |
| Holdings | 88 |
| 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 -2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.89%.
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 | $0.03466 | 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 |
| Mar 31, 2025 | $0.03348 | Apr 1, 2025 |