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.
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