Victory High Income Municipal Bond Fund (RHMYX)
The fund invests primarily in municipal obligations, the interest on which is, in the opinion of the issuer's bond counsel, exempt from federal individual income tax (but not necessarily the federal alternative minimum tax (the "AMT")). Under normal circumstances at least 80% of the value of the fund's assets will be invested in tax-exempt municipal obligations (which may include obligations that pay interest subject to the AMT).
Fund Info
| ISIN | US92647K4994 |
|---|---|
| Issuer | Victory |
| Inception Date | Dec 30, 2009 |
| Category | High Yield Muni |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
RHMYX has a high expense ratio of 0.57%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Victory High Income Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Victory High Income Municipal Bond Fund had a return of 1.74% year-to-date (YTD) and 6.59% in the last 12 months. Over the past 10 years, Victory High Income Municipal Bond Fund had an annualized return of 3.29%, while the S&P 500 had an annualized return of 10.84%, indicating that Victory High Income Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.74% | 10.00% |
| 1 month | 2.01% | 2.41% |
| 6 months | 8.92% | 16.70% |
| 1 year | 6.59% | 26.85% |
| 5 years (annualized) | 1.81% | 12.81% |
| 10 years (annualized) | 3.29% | 10.84% |
Monthly Returns
The table below presents the monthly returns of RHMYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.90% | 0.47% | 1.15% | -0.82% | 1.74% | ||||||||
| 2023 | 3.70% | -2.97% | 2.16% | -0.27% | -0.48% | 1.15% | 0.70% | -2.21% | -3.63% | -1.90% | 9.25% | 2.67% | 7.75% |
| 2022 | -2.42% | -0.55% | -4.15% | -4.35% | 0.93% | -3.43% | 3.22% | -2.02% | -5.14% | -2.27% | 5.58% | -0.16% | -14.29% |
| 2021 | 1.85% | -1.61% | 1.09% | 1.33% | 0.78% | 1.40% | 0.93% | -0.23% | -0.68% | -0.35% | 1.22% | 0.31% | 6.15% |
| 2020 | 2.38% | 1.95% | -7.21% | -3.34% | 3.50% | 3.16% | 2.51% | -0.44% | -0.42% | -0.13% | 2.21% | 2.01% | 5.78% |
| 2019 | 0.17% | 0.90% | 2.08% | 0.34% | 1.76% | 0.05% | 0.62% | 1.73% | -0.63% | 0.35% | 0.60% | 0.08% | 8.31% |
| 2018 | -1.48% | -0.41% | 0.86% | -0.20% | 1.23% | 0.39% | -0.12% | 0.36% | -0.51% | -0.69% | 0.55% | 0.65% | 0.59% |
| 2017 | 1.07% | 0.94% | 0.50% | 0.48% | 1.44% | -0.01% | 1.18% | 1.24% | 0.08% | 0.28% | 0.09% | 1.49% | 9.13% |
| 2016 | 0.70% | 0.25% | 0.80% | 0.71% | 0.62% | 1.70% | 0.19% | 0.36% | 0.00% | -1.26% | -4.37% | -0.36% | -0.79% |
| 2015 | 2.01% | -0.55% | 0.53% | -0.21% | -0.21% | -0.11% | 0.63% | -0.01% | 0.73% | 0.54% | 0.71% | 0.62% | 4.77% |
| 2014 | 2.01% | 0.88% | 0.88% | 1.56% | 2.12% | 0.56% | 0.46% | 1.31% | 0.46% | 1.02% | 0.46% | 0.92% | 13.39% |
| 2013 | 0.78% | 0.17% | -0.64% | 1.33% | -0.99% | -3.98% | -2.12% | -2.71% | 1.41% | 0.29% | 0.00% | -0.13% | -6.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RHMYX is 33, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
RHMYX (Victory High Income Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Victory High Income Municipal Bond Fund (RHMYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Victory High Income Municipal Bond Fund granted a 4.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.45 | $0.41 | $0.51 | $0.49 | $0.46 | $0.48 | $0.47 | $0.46 | $0.47 | $0.47 |
Dividend yield | 4.49% | 4.48% | 4.92% | 3.66% | 4.69% | 4.55% | 4.40% | 4.49% | 4.52% | 4.18% | 4.36% | 4.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory High Income Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | $0.03 | $0.00 | $0.14 | |||||||
| 2023 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.42 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.07 | $0.45 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.13 | $0.51 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.10 | $0.49 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Victory High Income Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Victory High Income Municipal Bond Fund was 19.04%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Victory High Income Municipal Bond Fund drawdown is 6.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.04% | Jan 3, 2022 | 206 | Oct 26, 2022 | — | — | — |
| -14.89% | Mar 2, 2020 | 16 | Mar 23, 2020 | 182 | Dec 9, 2020 | 198 |
| -10.54% | May 3, 2013 | 89 | Sep 9, 2013 | 230 | Aug 7, 2014 | 319 |
| -9.49% | Oct 13, 2010 | 67 | Jan 18, 2011 | 137 | Aug 3, 2011 | 204 |
| -6.57% | Oct 4, 2016 | 52 | Dec 15, 2016 | 163 | Aug 10, 2017 | 215 |
Volatility
Volatility Chart
The current Victory High Income Municipal Bond Fund volatility is 1.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.