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Trending ETFs

Name

As of 12/05/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.33

$508 M

2.96%

$0.30

0.85%

Vitals

YTD Return

3.9%

1 yr return

3.3%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

0.8%

Net Assets

$508 M

Holdings in Top 10

20.8%

52 WEEK LOW AND HIGH

$10.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/05/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.33

$508 M

2.96%

$0.30

0.85%

UVABX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.99%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Victory Virginia Bond Fund (Formerly USAA Virginia Bond Fund)
  • Fund Family Name
    Victory Portfolios III
  • Inception Date
    Sep 17, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Hattman

Fund Description

The Fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and Virginia state income tax purposes (referred to herein as “Virginia tax-exempt securities”). During normal market conditions, at least 80% of the Fund’s net assets will consist of Virginia tax-exempt securities. This policy may be changed only by a shareholder vote. The Fund’s dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.In addition, during normal market conditions, at least 80% of the Fund’s annual net investment income dividends will be tax-exempt and excludable from the calculation of the federal alternative minimum tax (“AMT”) for individual taxpayers. This policy may be changed only by a shareholder vote.
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UVABX - Performance

Return Ranking - Trailing

Period UVABX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -2.6% 33.5% 38.68%
1 Yr 3.3% -4.8% 29.8% 28.01%
3 Yr -1.5%* -11.0% 6103.8% 62.13%
5 Yr 0.8%* -4.9% 1103.3% 73.21%
10 Yr 2.1%* -0.3% 248.0% 46.78%

* Annualized

Return Ranking - Calendar

Period UVABX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.1% -40.2% 0.3% 57.46%
2021 -0.3% -5.6% 6.9% 43.15%
2020 1.9% -2.6% 310.0% 40.56%
2019 3.3% 0.0% 26.0% 67.01%
2018 -2.3% -25.2% 11.0% 57.80%

Total Return Ranking - Trailing

Period UVABX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -2.6% 33.5% 38.68%
1 Yr 3.3% -4.8% 29.8% 28.01%
3 Yr -1.5%* -11.0% 6103.8% 62.13%
5 Yr 0.8%* -4.9% 1103.3% 73.21%
10 Yr 2.1%* -0.3% 248.0% 46.78%

* Annualized

Total Return Ranking - Calendar

Period UVABX Return Category Return Low Category Return High Rank in Category (%)
2022 -9.8% -40.2% 1.1% 56.49%
2021 1.8% -4.8% 23761504.0% 43.60%
2020 4.3% -1.5% 17127.1% 46.92%
2019 5.0% 0.2% 3514.6% 79.45%
2018 0.5% -11.3% 15.0% 60.09%

NAV & Total Return History


UVABX - Holdings

Concentration Analysis

UVABX Category Low Category High UVABX % Rank
Net Assets 508 M 3.48 M 68.1 B 44.55%
Number of Holdings 189 2 13001 61.53%
Net Assets in Top 10 110 M -317 M 5.07 B 38.73%
Weighting of Top 10 20.82% 1.4% 100.2% 36.97%

Top 10 Holdings

  1. VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 2.46%
  2. ROANOKE ECONOMIC DEVELOPMENT AUTHORITY 2.46%
  3. VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS 2.20%
  4. LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY 2.06%
  5. VIRGINIA COLLEGE BUILDING AUTHORITY 2.04%
  6. COUNTY OF FAIRFAX VA SEWER REVENUE 2.02%
  7. UNIVERSITY OF VIRGINIA 1.99%
  8. VIRGINIA PUBLIC SCHOOL AUTHORITY 1.91%
  9. VIRGINIA COMMONWEALTH TRANSPORTATION BOARD 1.86%
  10. VIRGINIA COMMONWEALTH TRANSPORTATION BOARD 1.82%

Asset Allocation

Weighting Return Low Return High UVABX % Rank
Bonds
98.55% 0.00% 150.86% 55.89%
Cash
1.45% -50.86% 48.14% 41.97%
Stocks
0.00% 0.00% 99.82% 86.82%
Preferred Stocks
0.00% 0.00% 0.52% 84.08%
Other
0.00% -8.54% 33.35% 81.21%
Convertible Bonds
0.00% 0.00% 0.93% 84.14%

Bond Sector Breakdown

Weighting Return Low Return High UVABX % Rank
Municipal
99.98% 44.39% 100.00% 11.19%
Derivative
0.00% -8.54% 24.50% 80.64%
Cash & Equivalents
0.00% 0.00% 48.14% 93.69%
Securitized
0.00% 0.00% 5.93% 84.46%
Corporate
0.00% 0.00% 9.41% 86.25%
Government
0.00% 0.00% 52.02% 84.59%

Bond Geographic Breakdown

Weighting Return Low Return High UVABX % Rank
US
98.55% 0.00% 142.23% 53.31%
Non US
0.00% 0.00% 23.89% 84.27%

UVABX - Expenses

Operational Fees

UVABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.03% 20.65% 37.87%
Management Fee 0.32% 0.00% 1.20% 20.50%
12b-1 Fee 0.25% 0.00% 1.00% 58.03%
Administrative Fee N/A 0.01% 0.44% 78.35%

Sales Fees

UVABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 4.75% 91.14%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

UVABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 87.50%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UVABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 283.00% 15.43%

UVABX - Distributions

Dividend Yield Analysis

UVABX Category Low Category High UVABX % Rank
Dividend Yield 2.96% 0.00% 4.57% 85.17%

Dividend Distribution Analysis

UVABX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

UVABX Category Low Category High UVABX % Rank
Net Income Ratio 1.99% -0.53% 5.33% 47.84%

Capital Gain Distribution Analysis

UVABX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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UVABX - Fund Manager Analysis

Managers

Andrew Hattman


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Andrew Hattman, CFA, CAIA, Victory Capital Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has eight years of investment management experience, all of which have been with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Mr. Hattman holds CFA and CAIA designations.

Regina Conklin


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Regina G. Conklin, CFA, CPA, Victory Capital Senior Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has 24 years of investment management experience, and has worked 28 years with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Ms. Conklin is a member of the CFA Institute, the CFA Society of San Antonio, and the National Federation of Municipal Analysts.

Lauren Spalten


Start Date

Tenure

Tenure Rank

Mar 02, 2021

1.25

1.3%

Lauren Spalten is a Portfolio Manager with USAA Investments, A Victory Capital Investment Franchise, and has managed the Funds since March 2021. In 2018, Ms. Spalten joined USAA Investments as a Municipal Analyst covering the Southeast region. Prior to joining USAA, Lauren was an Associate Director at Standard & Poor's (now S&P Global Ratings), where she specialized in evaluating creditworthiness of state and local governments across the Southwest United States. Lauren has additional experience in commercial real estate development and business plan development, primarily for medical and non-profit entities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58