Victory High Income Municipal Fund - Class Y (HIMYX)
Victory High Income Municipal Fund - Class Y operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $5.14, up 0.00% on the session, giving a market capitalisation of $576.6M. On trailing twelve-month figures it carries a trailing P/E of -8.57, a net margin of -65.9%. Its beta of 1.13 implies it has historically moved more than the broad market.
A fundamental objective of this fund is to deploy at least 80% of its net capital into debt instruments and financial obligations. These assets are sourced from a broad spectrum of governmental issuers, including states, counties, and municipalities, as well as U.S. territories, the District of Columbia, and their various authorities, political subdivisions, agencies, and instrumentalities. Crucially, the interest income derived from these investments – commonly referred to as municipal securities – is not subject to regular federal income tax. The fund maintains the discretion to invest in municipal securities regardless of their time to maturity.
Victory High Income Municipal Fund - Class Y is most often compared with the following Financial Services names: