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Morningstar

Victory CA Bond Institutional UCBIX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.35  /  −0.18 %
  • Total Assets 479.7 Mil
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.510%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.26%
  • Effective Duration 5.57 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 12:08 AM GMT+0

Morningstar’s Analysis UCBIX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Victory CA Bond Institutional to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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Portfolio Holdings UCBIX

More UCBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST 5%

3.98 19.5 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 4.89%

3.07 15.0 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

2.87 14.0 Mil
municipal

FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0%

2.20 10.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.97 9.6 Mil
municipal

PALOMAR POMERADO HEALTH CALIF 0%

1.96 9.6 Mil
municipal

CENTINELA VALLEY CALIF UN HIGH SCH 4%

1.88 9.2 Mil
municipal

CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%

1.56 7.6 Mil
municipal

TEMECULA VY CALIF UNI SCH DIST 4%

1.54 7.5 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.49 7.3 Mil
municipal