USVAX

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.