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Morningstar

Victory VA Bond USVAX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.53  /  −0.07 %
  • Total Assets 522.8 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.06%
  • Effective Duration 6.56 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:08 AM GMT+0

Morningstar’s Analysis USVAX

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

  • People Pillar

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

A new era is under way.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Victory Virginia Bond’s new leadership team and its straightforward approach to munis have yet to demonstrate an edge over peers.

by Thomas Murphy
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings USVAX

More USVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VIRGINIA SMALL BUSINESS FING AUTH REV 4%

2.83 14.7 Mil
municipal

DEUTSCHE BK SPEARS/LIFERS TR VAR STS 5.1%

2.46 12.8 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV 4%

2.34 12.2 Mil
municipal

LYNCHBURG VA ECONOMIC DEV AUTH HOSP REV 4%

2.32 12.0 Mil
municipal

FAIRFAX CNTY VA SWR REV 5%

2.09 10.8 Mil
municipal

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

2.04 10.6 Mil
municipal

UNIVERSITY VA UNIV REVS 5%

2.03 10.6 Mil
municipal

VIRGINIA ST PUB SCH AUTH SCH FING 5%

1.93 10.0 Mil
Cash and Equivalents

VIRGINIA COMWLTH TRANSN BRD TRANSN REV 4%

1.92 10.0 Mil
municipal

FAIRFAX CNTY VA SWR REV 4%

1.90 9.9 Mil
municipal