- What does USCBX invest in?
- This fund predominantly invests in high-quality, long-term debt instruments issued by the State of California, its political divisions, and related governmental bodies. The income derived from these securities is structured to be exempt from both federal and California state income taxes. Typically, under standard market conditions, at least 80% of the fund's net assets will be concentrated in California tax-exempt bonds. Although there isn't a strict restriction on the dollar-weighted average maturity of its holdings, it is generally expected to surpass ten years.
- What is the expense ratio of USCBX?
- Victory CA Bond (USCBX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- What is USCBX's dividend yield?
- USCBX's trailing-twelve-month yield is 3.68%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of USCBX?
- Effective duration measures USCBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. USCBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of USCBX?
- USCBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of USCBX?
- Yield to maturity (YTM) is the total return you'd earn from USCBX if every bond in the portfolio is held to maturity at the current price. USCBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
