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Morningstar

Victory High Income Municipal Bond C RSHCX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 9.37  /  0.12 %
  • Total Assets 41.9 Mil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.590%
  • 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 3.56%
  • Effective Duration 8.54 years

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 12:24 AM GMT+00:00

Morningstar’s Analysis RSHCX

Will RSHCX outperform in 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 RSHCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RSHCX 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 RSHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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The combination of an Average People Pillar rating and a Low Process Pillar rating limit Victory High Income Municipal Bond C to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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