Victory California Bond Fund (UCBIX)
| Fund Assets | 401.34M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 11.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.39% |
| Dividend Growth | 1.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.18 |
| YTD Return | -0.93% |
| 1-Year Return | -1.68% |
| 5-Year Return | 0.62% |
| 52-Week Low | 9.65 |
| 52-Week High | 10.54 |
| Beta (5Y) | n/a |
| Holdings | 171 |
| Inception Date | Jun 29, 2020 |
About UCBIX
Victory California Bond Fund Institutional Shares is a tax-exempt municipal bond mutual fund designed to deliver a high level of current interest income, with the primary objective of income exemption from both federal and California state income taxes. The fund mainly invests in long-term, investment-grade securities issued by the state of California, its political subdivisions, and related entities. Emphasizing income preservation and principal protection through portfolio diversification, the fund employs a bottom-up, relative value-driven investment approach grounded in proprietary research. This strategy typically results in a well-diversified portfolio, balancing risk and return while aiming to minimize capital gain distributions for investors seeking primarily tax-exempt yields. The fund is managed by experienced professionals and is recognized for its cost efficiency relative to peers, supporting its appeal to institutional investors and those with significant California tax liabilities. Victory California Bond Fund Institutional Shares plays an important role in connecting investors with stable, tax-advantaged income streams and in providing substantial capital to fund essential infrastructure and services across California.
Performance
UCBIX had a total return of -1.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.37%.
Top 10 Holdings
23.43% of assets| Name | Symbol | Weight |
|---|---|---|
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.17% | CA.BAYTRN 04.01.2036 | 3.56% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 11.15.2041 | 3.05% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.25% | CA.SFOAPT 5.25 05.01.2055 | 2.90% |
| FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0% | CA.FOOTRN 0 01.15.2034 | 2.64% |
| PALOMAR POMERADO HEALTH CALIF 0% | CA.PMRMED 0 08.01.2031 | 2.25% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 10.01.2047 | 2.09% |
| CENTINELA VALLEY CALIF UN HIGH SCH DIST 4% | CA.CVASCD 4 08.01.2050 | 1.98% |
| CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5% | CA.CASPOL 5 11.21.2045 | 1.71% |
| TEMECULA VY CALIF UNI SCH DIST 4% | CA.TMVSCD 4 08.01.2045 | 1.62% |
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 03.01.2039 | 1.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03021 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03009 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02859 | Jul 1, 2025 |
| May 30, 2025 | $0.03018 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02936 | May 1, 2025 |
| Mar 31, 2025 | $0.0297 | Apr 1, 2025 |