UXABX

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.