Morningstar

Victory High Income Municipal Fund Class C HICMX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 5.62  /  −0.18 %
  • Total Assets 619.4M
  • Adj. Expense Ratio
    1.590%
  • Expense Ratio —
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 7.62%
  • Effective Duration 8.91 years

USD | NAV as of Jun 17, 2026 | 1-Day Return as of Jun 17, 2026, 10:13 PM GMT+0

Morningstar’s Analysis HICMX

Will HICMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HICMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HICMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HICMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Victory High Income Mun C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings HICMX

More HICMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAMMOND IND ECONOMIC DEV REV

3.50 25M
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

2.38 17M
municipal

NASSAU CNTY N Y TOBACCO SETTLEMENT CORP

2.19 16M
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

2.18 16M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH

2.17 16M
municipal

PUBLIC FIN AUTH WIS TOLL REV

2.02 14M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV

1.96 14M
municipal

VAIL HOME PARTNERS CORP COLO HSG FACS REV

1.89 14M
municipal

ARLINGTON TEX HIGHER ED FIN CORP ED REV

1.80 13M
municipal

SOUTHWESTERN ILL DEV AUTH SPL FAC REV

1.60 11M
municipal

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