Victory Virginia Bond Fund (UVAIX)
| Fund Assets | 458.14M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.22% |
| Dividend Growth | -0.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.04 |
| YTD Return | -3.65% |
| 1-Year Return | -3.91% |
| 5-Year Return | -3.19% |
| 52-Week Low | 9.78 |
| 52-Week High | 10.72 |
| Beta (5Y) | n/a |
| Holdings | 173 |
| Inception Date | Jun 29, 2020 |
About UVAIX
Victory Virginia Bond Fund Institutional Shares is a tax-exempt municipal bond mutual fund focused on providing a high level of current interest income free from both federal and Virginia state income taxes. This fund primarily invests in long-term, investment-grade municipal securities issued by the Commonwealth of Virginia, its political subdivisions, and related governmental entities. Its portfolio is managed using a relative value-driven, bottom-up approach grounded in proprietary fundamental research, with an emphasis on maintaining high credit quality and minimizing capital gain distributions. The fund targets at least 80% of its net assets in tax-exempt securities under normal market conditions and typically manages duration in line with its benchmark. Designed for institutions and investors seeking tax-advantaged fixed income exposure and capital preservation, its holdings span a diverse range of Virginia-based municipal issuers. With experienced portfolio managers and a disciplined selection process, it plays a significant role for investors seeking steady, tax-efficient income in the municipal bond sector, particularly for those with Virginia tax liabilities.
Performance
UVAIX had a total return of -3.91% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.22%.
Top 10 Holdings
22.84% of assets| Name | Symbol | Weight |
|---|---|---|
| VIRGINIA SMALL BUSINESS FING AUTH REV 4% | VA.VASDEV 4 01.01.2051 | 2.86% |
| VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV 4% | VA.VASMED 4 12.01.2049 | 2.86% |
| LYNCHBURG VA ECONOMIC DEV AUTH HOSP REV 4% | VA.LNCMED 4 01.01.2055 | 2.50% |
| VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG | VA.VACHGR 5 02.01.2031 | 2.24% |
| FAIRFAX CNTY VA SWR REV 5% | VA.FAIUTL 5 07.15.2046 | 2.20% |
| UNIVERSITY VA UNIV REVS 5% | VA.UNIHGR 5 09.01.2049 | 2.16% |
| CHARLES CITY CNTY VA ECONOMIC DEV AUTH SOLID WASTE DISP REV 2.875% | VA.CHCPOL 2.88 02.01.2029 | 2.12% |
| VIRGINIA COMMLTH TRANSN BRD FED TRANSN GRNT ANTIC REV 5% | VA.VASTRN 5 09.15.2032 | 2.04% |
| VIRGINIA COMWLTH TRANSN BRD TRANSN REV 4% | VA.VASTRN 4 05.15.2042 | 1.95% |
| FAIRFAX CNTY VA SWR REV 4% | VA.FAIUTL 4 07.15.2051 | 1.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02861 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02782 | Jul 1, 2025 |
| May 30, 2025 | $0.02893 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02732 | May 1, 2025 |
| Mar 31, 2025 | $0.02842 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02426 | Mar 3, 2025 |