About UXABX
Victory California Bond Fund Class A is a municipal bond mutual fund designed to provide a high level of current interest income that is exempt from both federal and California state income taxes. The fund primarily invests in long-term, investment-grade securities issued by the state of California and its various subdivisions, instrumentalities, and related authorities. Its focus on high-quality, tax-exempt bonds seeks to help investors preserve capital while generating a steady stream of income. The portfolio adopts a diversified approach and employs a bottom-up, relative value-driven security selection process, with an emphasis on minimizing capital gain distributions to maximize tax efficiency. The fund typically maintains a duration strategy that closely tracks its benchmark, aiming to manage interest rate risk effectively. Victory California Bond Fund Class A plays a significant role for investors seeking tax-advantaged income, stability, and broad exposure to California’s municipal bond market, reinforcing its importance in providing state-specific, income-focused investment solutions for residents and institutions alike.
Fund Family Victory Capital Management Inc.
Category Muni California Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol UXABX
Share Class Victory California Bond Fund Class A
Index Bloomberg Municipal Bond TR
UXABX had a total return of 6.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.08%.
