Frequently Asked Questions About USBLX

What are the top holdings of USBLX?

A machine-readable holdings disclosure for Victory Growth and Tax Strategy Fund Shares (USBLX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does USBLX invest in?

Victory Growth and Tax Strategy Fund Shares (USBLX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is USBLX most exposed to?

USBLX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is USBLX a US-only fund?

The country allocation card on this page shows USBLX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does USBLX invest in?

This fund aims to provide investors with a prudent balance, generating income that is primarily exempt from federal taxes while also pursuing long-term capital appreciation to safeguard against inflation. Its investment approach follows predefined target allocations, committing a significant portion of its assets (between 50% and 70%) to tax-advantaged fixed income securities and cash equivalents. The remaining capital, comprising 30% to 50% of the portfolio, is invested in the stocks of well-established, financially sound companies. A core objective of the fund's management is to reduce the federal income tax liabilities for its shareholders.

USBLX

Victory Growth and Tax Strategy Fund Shares

NASDAQ·Asset Management · Financial Services

$31.10$0.06−0.19%

Oct 23 8:10 AM EDT

Portfolio as of February 28, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

781

holdings

67066G104
NVIDIA CORPORATION
3.34%
037833100
APPLE INC.
2.99%
594918104
MICROSOFT CORPORATION
2.20%
64972GZW7
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV
1.72%
023135106
AMAZON.COM, INC.
1.56%
02079K305
ALPHABET INC.
1.48%
11135F101
BROADCOM INC.
1.17%
30303M102
META PLATFORMS, INC.
1.08%
02079K107
ALPHABET INC.
1.03%
88160R101
TESLA, INC.
0.98%
Other
771 more holdings
82.15%

Top 10 holdings

17.54%

Top 25 holdings

26.78%

Concentration index

0.0056

Effective holdings

179

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (781)

#	TickerHolding	Name	Weight	Shares	Market Value
1	67066G10467066G104NVIDIA CORPORATION	NVIDIA CORPORATION	3.34%	168.36K	$29.83M
2	037833100037833100APPLE INC.	APPLE INC.	2.99%	101.34K	$26.77M
3	594918104594918104MICROSOFT CORPORATION	MICROSOFT CORPORATION	2.20%	50.08K	$19.67M
4	64972GZW764972GZW7NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV	NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV	1.72%	15.42M	$15.42M
5	023135106023135106AMAZON.COM, INC.	AMAZON.COM, INC.	1.56%	66.53K	$13.97M
6	02079K30502079K305ALPHABET INC.	ALPHABET INC.	1.48%	42.42K	$13.22M
7	11135F10111135F101BROADCOM INC.	BROADCOM INC.	1.17%	32.69K	$10.45M
8	30303M10230303M102META PLATFORMS, INC.	META PLATFORMS, INC.	1.08%	14.88K	$9.65M
9	02079K10702079K107ALPHABET INC.	ALPHABET INC.	1.03%	29.60K	$9.22M
10	88160R10188160R101TESLA, INC.	TESLA, INC.	0.98%	21.67K	$8.72M
11	121342PQ6121342PQ6BURKE CNTY GA DEV AUTH POLLUTN CTL REV	BURKE CNTY GA DEV AUTH POLLUTN CTL REV	0.83%	7.46M	$7.46M
12	64966MU9864966MU98City of New York	City of New York	0.83%	7.40M	$7.40M
13	735220AU9735220AU9PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV	PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV	0.77%	6.86M	$6.86M
14	084670702084670702BERKSHIRE HATHAWAY INC.	BERKSHIRE HATHAWAY INC.	0.72%	12.75K	$6.44M
15	46625H10046625H100JPMORGAN CHASE & CO.	JPMORGAN CHASE & CO.	0.71%	21.08K	$6.33M
16	532457108532457108ELI LILLY AND COMPANY	ELI LILLY AND COMPANY	0.71%	6.02K	$6.33M
17	038315EV5038315EV5APPLING CNTY GA DEV AUTH POLLUTN CTL REV	APPLING CNTY GA DEV AUTH POLLUTN CTL REV	0.61%	5.50M	$5.50M
18	25156SGV325156SGV3DEUTSCHE BK SPEARS/LIFERS TR VAR STS	DEUTSCHE BK SPEARS/LIFERS TR VAR STS	0.59%	5.30M	$5.30M
19	25156SGS025156SGS0DEUTSCHE BK SPEARS/LIFERS TR VAR STS	DEUTSCHE BK SPEARS/LIFERS TR VAR STS	0.55%	4.90M	$4.90M
20	735220AW5735220AW5PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV	PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV	0.50%	4.50M	$4.50M

Showing 20 of 781

Sectors

The fund issuer's factsheet may carry this breakdown directly.

Countries

countries

United States
98.62%
Ireland
0.80%
Liberia
0.08%
Curaçao
0.05%
Switzerland
0.05%
Netherlands
0.04%
Jersey
0.02%
Panama
0.02%
Bermuda
0.02%

Top 3 countries

99.50%

Top 5 countries

99.60%

Concentration index

0.9785

Effective countries

Chart tools

Open Country Allocation in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

Asset Classes

Primary asset class

Equity

Strategy

Thematic

Income strategy

No income focus

Frequently Asked Questions About USBLX

What are the top holdings of USBLX?: A machine-readable holdings disclosure for Victory Growth and Tax Strategy Fund Shares (USBLX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
What sectors does USBLX invest in?: Victory Growth and Tax Strategy Fund Shares (USBLX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is USBLX most exposed to?: USBLX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is USBLX a US-only fund?: The country allocation card on this page shows USBLX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
What does USBLX invest in?: This fund aims to provide investors with a prudent balance, generating income that is primarily exempt from federal taxes while also pursuing long-term capital appreciation to safeguard against inflation. Its investment approach follows predefined target allocations, committing a significant portion of its assets (between 50% and 70%) to tax-advantaged fixed income securities and cash equivalents. The remaining capital, comprising 30% to 50% of the portfolio, is invested in the stocks of well-established, financially sound companies. A core objective of the fund's management is to reduce the federal income tax liabilities for its shareholders.

TickerHolding

Name

Weight

Market Value

67066G10467066G104NVIDIA CORPORATION

NVIDIA CORPORATION

3.34%

168.36K

$29.83M

037833100037833100APPLE INC.

APPLE INC.

2.99%

101.34K

$26.77M

594918104594918104MICROSOFT CORPORATION

MICROSOFT CORPORATION

2.20%

50.08K

$19.67M

64972GZW764972GZW7NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

1.72%

15.42M

$15.42M

023135106023135106AMAZON.COM, INC.

AMAZON.COM, INC.

1.56%

66.53K

$13.97M

02079K30502079K305ALPHABET INC.

ALPHABET INC.

1.48%

42.42K

$13.22M

11135F10111135F101BROADCOM INC.

BROADCOM INC.

1.17%

32.69K

$10.45M

30303M10230303M102META PLATFORMS, INC.

META PLATFORMS, INC.

1.08%

14.88K

$9.65M

02079K10702079K107ALPHABET INC.

ALPHABET INC.

1.03%

29.60K

$9.22M

88160R10188160R101TESLA, INC.

TESLA, INC.

0.98%

21.67K

$8.72M

121342PQ6121342PQ6BURKE CNTY GA DEV AUTH POLLUTN CTL REV

BURKE CNTY GA DEV AUTH POLLUTN CTL REV

0.83%

7.46M

$7.46M

64966MU9864966MU98City of New York

City of New York

0.83%

7.40M

$7.40M

735220AU9735220AU9PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV

0.77%

6.86M

$6.86M

084670702084670702BERKSHIRE HATHAWAY INC.

BERKSHIRE HATHAWAY INC.

0.72%

12.75K

$6.44M

46625H10046625H100JPMORGAN CHASE & CO.

JPMORGAN CHASE & CO.

0.71%

21.08K

$6.33M

532457108532457108ELI LILLY AND COMPANY

ELI LILLY AND COMPANY

0.71%

6.02K

$6.33M

038315EV5038315EV5APPLING CNTY GA DEV AUTH POLLUTN CTL REV

APPLING CNTY GA DEV AUTH POLLUTN CTL REV

0.61%

5.50M

$5.50M

25156SGV325156SGV3DEUTSCHE BK SPEARS/LIFERS TR VAR STS

DEUTSCHE BK SPEARS/LIFERS TR VAR STS

0.59%

5.30M

$5.30M

25156SGS025156SGS0DEUTSCHE BK SPEARS/LIFERS TR VAR STS

DEUTSCHE BK SPEARS/LIFERS TR VAR STS

0.55%

4.90M

$4.90M

735220AW5735220AW5PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV

0.50%

4.50M

$4.50M