About USVAX
Victory Virginia Bond Fund is a municipal bond mutual fund focused on delivering a high level of current income that is exempt from both federal and Virginia state income taxes. The fund primarily invests in long-term, investment-grade debt securities issued by the Commonwealth of Virginia, its local governments, and various related entities. Through this strategy, the fund aims to provide tax-advantaged income for investors, particularly those residing in Virginia or seeking broader municipal exposure. With a substantial number of holdings, the fund is well-diversified within the Virginia municipal market, helping to mitigate issuer-specific risk. Established in 1990, Victory Virginia Bond Fund is designed for investors seeking stable, state-specific tax-exempt income and principal preservation. Managed by an experienced team, the fund also maintains a duration that is generally longer than its peers, reflecting its focus on long-term bonds, which can enhance yield but also expose the fund to interest rate sensitivity. Its income distributions are made monthly, and the fund maintains an investment-grade credit quality standard in its portfolio selection.
Fund Family Victory Capital Management Inc.
Category Muni Single State Interm
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol USVAX
Share Class Victory Virginia Bond Fund Shares
Index Bloomberg Municipal Bond TR
USVAX had a total return of -1.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.40%.
