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.
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