USVAX Performance — Victory Virginia Bond Fund
Data updated: 2026-07-27
USVAX returned +2.12% year to date and +7.41% over one year to May 2026. Annualised returns are +3.91% over 3 years and +0.75% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 7.12% a year. In the 12 months to May 2026 the fund took in a net $1.0M, and assets reached $487.61M.
USVAX Growth of $100
What $100 invested in Victory Virginia Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | USVAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Jul 2019 – May 2026) | $111 | $112 |
USVAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.12% |
| 1 year | +7.41% |
| 3 years (annualised) | +3.91% |
| 5 years (annualised) | +0.75% |
USVAX Annual Returns
Calendar-year total returns of Victory Virginia Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.12% |
| 2025 | +2.57% |
| 2024 | +2.04% |
| 2023 | +6.45% |
| 2022 | −9.78% |
| 2021 | +1.96% |
| 2020 | +4.42% |
| 2019 (Jul–Dec) | +1.69% |
USVAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.1% | −2.0% | +1.8% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.0% | −1.9% | −1.2% | −0.5% | +0.5% | −1.0% | +0.7% | +3.2% | +1.7% | +0.3% | −0.2% |
| 2024 | −0.5% | +0.3% | +0.4% | −1.5% | +0.2% | +1.9% | +0.8% | +0.4% | +1.0% | −1.5% | +2.5% | −1.8% |
| 2023 | +3.3% | −2.7% | +2.2% | −0.3% | −1.0% | +1.4% | +0.3% | −2.1% | −3.9% | −1.6% | +8.4% | +2.8% |
| 2022 | −2.2% | −0.5% | −3.0% | −2.7% | +1.0% | −2.3% | +2.9% | −2.5% | −4.6% | −1.5% | +5.3% | +0.2% |
| 2021 | +0.6% | −1.3% | +0.5% | +0.7% | +0.3% | +0.4% | +0.9% | −0.4% | −0.6% | −0.1% | +0.8% | +0.1% |
| 2020 | +1.4% | +1.2% | −3.8% | −1.7% | +2.8% | +1.2% | +1.8% | −0.2% | +0.1% | −0.3% | +1.4% | +0.5% |
| 2019 | — | — | — | — | — | — | +0.4% | +1.5% | −0.7% | +0.1% | +0.2% | +0.2% |
USVAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.12%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +8.36% (Nov 2023)
- Worst month: −3.88% (Sep 2023)
USVAX Fund Flows
Monthly money in and out of Victory Virginia Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.0M
- 12-month gross sales (incl. reinvestments): $88.1M
- Sales ÷ redemptions: 1.01×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.0M | $5.6M | −$2.6M |
| Apr 2026 | $7.9M | $3.6M | $4.3M |
| Mar 2026 | $27.4M | $7.3M | $20.1M |
| Feb 2026 | $13.6M | $5.9M | $7.7M |
| Jan 2026 | $5.1M | $7.3M | −$2.2M |
| Dec 2025 | $3.2M | $9.8M | −$6.6M |
| Nov 2025 | $4.2M | $4.7M | −$490K |
| Oct 2025 | $3.0M | $8.2M | −$5.3M |
| Sep 2025 | $4.7M | $8.5M | −$3.8M |
| Aug 2025 | $3.7M | $8.6M | −$4.9M |
| Jul 2025 | $4.3M | $12.5M | −$8.2M |
| Jun 2025 | $8.1M | $5.1M | $3.0M |
USVAX Assets Under Management
Net assets of Victory Virginia Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $487.61M |
| 2026-02-28 | $468.46M |
| 2025-11-30 | $465.63M |
| 2025-08-31 | $455.27M |
| 2025-05-31 | $468.66M |
| 2025-02-28 | $510.74M |
| 2024-11-30 | $528.91M |
| 2024-08-31 | $523.02M |
| 2024-05-31 | $516.35M |
| 2024-02-29 | $532.53M |
| 2023-11-30 | $525.53M |
| 2023-08-31 | $530.61M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.