Victory OH Municipal Bond A Load Waived  SOHTX.LW
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni Ohio Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   4.58 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 11.95
  
YTD Return % (2009-11-20)
7.23%
  
Total Assets ($ mil)
119
View Data Definitions
  Performance    
Growth of $10,000 Fund: Victory OH Municipal Bond A Load Waived
(from 1999-01-01 to 2009-10-31) Category: Muni Ohio
Index: Barcap Municipal!
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1990-05-18 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 7.23 8.09 4.33 3.83 4.87 5.76
+/- Category -4.40 -4.16 1.58 0.65 0.25 ---
+/- Barcap Municipal! --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 8.54 11.81 4.95 4.09 4.97 5.88
Month-End (as of 2009-10-31) 6.60 9.86 4.19 3.56 4.87 5.76
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 9.86 4.16 3.48 4.74 ---
On Distribution & Sale of Shares --- 7.66 4.07 3.51 4.66 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 57 funds), (10 yrs : out of 50 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 53.45
Advance Refunded 1.39
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 5.18
Health 6.43
Housing ---
Industrial ---
Transportation ---
Utilities ---
Water/Sewer 5.14
Misc. Revenue 28.42
Bond Quality % of Bonds
AAA 33.7
AA 33.7
A 24.2
BBB 0.8
BB 0.0
B 0.0
Below B 0.0
Not Rated 7.6
 
Asset Allocation
% of Net Assets
Cash 3.2
Stocks 0.0
Bonds 96.8
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 86
Total Number of Bond Holdings 104 30 Day SEC Yield % 3.90
% of Assets in Top 10 Holdings 27.88 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Columbus Ohio Go Ref Bd 5% 2012-12-15 5,000 5,631 4.62
Ohio St Go Ref Bd 4% 2018-09-15 4,000 4,420 3.63
Little Miami Ohio Loc Sch Dist 5% 2034-12-01 3,000 3,566 2.93
Cincinnati Ohio City Sch Dist 5% 2012-12-01 3,000 3,343 2.74
Ohio St Nat R 5% 2016-10-01 2,840 3,332 2.74
Ohio Hsg Fin Agy Cap Fd Rev Rev Bds 5% 2027-04-01 3,000 3,251 2.67
Touchstone OH Tax-Free Money Mkt Instl 2049-12-31 2,910 2,910 2.39
Ohio St Hosp Fac Rev Acting By Hosp 5.5% 2039-01-01 2,500 2,658 2.18
Cleveland Ohio Arpt Sys Rev Rev Bds 5% 2027-01-01 2,500 2,636 2.16
Sylvania Ohio City Sch Dist 5% 2032-12-01 2,485 2,632 2.16
Data through 2009-09-30
  Other Information
Fund Inception: 1990-05-18
Portfolio Manager  (Start Date)
Paul A. Toft  (1994-09-01)
Toft is senior portfolio manager and managing director with Victory Capital Management, his employer since September 1994. Previously, he spent three years as vice president with Nike Securities and two years as an assistant vice president with Van Kampen Merritt.
Sean Roche  (2005-03-01)
Roche is a senior portfolio manager and director with Victory Capital Management, his employer since 2002. Previously, he was a vice president at The MuniCenter and served as a municipal bond product manager for Merrill Lynch where he managed municipal bond portfolios.
Sales Charge %
(taken from prospectus dated 2009-03-01)
Front: None
Deferred: None
Expense Ratio % 0.99
based on net assets
(taken from annual report dated 2007-10-31)
Correspondence Information
3435 Stelzer Rd
Ste 1000
Columbus,  OH  43219
United States
Telephone:
800-539-3863
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.