USCBX

About USCBX

Victory California Bond Fund is an open-end mutual fund focused on delivering a high level of interest income that is exempt from both federal and California state income taxes. The fund primarily invests in long-term, investment-grade municipal securities issued by the state of California, its political subdivisions, and related entities, ensuring that the interest received is typically tax-free for California residents. Designed to appeal to those seeking tax-advantaged income, especially residents of California, the fund emphasizes capital preservation through diversification across various government-backed issuers. With a portfolio duration and maturity profile tailored for the longer term, it aligns with the bond market segment known as "Muni California Long," targeting bonds with durations of more than six years or maturities beyond twelve years. The fund is managed with an approach that seeks consistent income and risk moderation, making it a relevant choice for investors looking for exposure to the municipal bond market while potentially reducing tax liability.