Victory California Bond Fund Institutional Shares (UCBIX)

Fund Assets	383.58M
Expense Ratio	0.48%
Min. Investment	$1,000,000
Turnover	11.00%
Dividend (ttm)	0.36
Dividend Yield	3.58%
Dividend Growth	6.10%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.13
YTD Return	1.19%
1-Year Return	6.25%
5-Year Return	0.88%
52-Week Low	9.81
52-Week High	10.40
Beta (5Y)	n/a
Holdings	157
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.

• Fund Family: Victory Capital Management Inc.
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: UCBIX
• Share Class: Victory California Bond Fund Institutional Shares
• Index: Bloomberg Municipal Bond TR

Performance

UCBIX had a total return of 6.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.10%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
USCBX	Victory California Bond Fund Shares	0.50%
UXABX	Victory California Bond Fund Class A	0.76%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03122	Aug 3, 2026
Jun 30, 2026	$0.03041	Jul 1, 2026
May 29, 2026	$0.03126	Jun 1, 2026
Apr 30, 2026	$0.03072	May 1, 2026
Mar 31, 2026	$0.03112	Apr 1, 2026
Feb 27, 2026	$0.02794	Mar 2, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 7, 2026

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