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Mutual Fund Commentary

Founded 1894, Victory Capital Management has more than $51.4 billion in assets under management (as of September 2016). It is a privately owned asset management firm which aims to provide services to individual investors, institutions and financial advisors with different investment vehicles and investment asset classes. The company includes 11 different investment franchisees which are supported by effective operational platform. This Cleveland-based investment company has offices in Boston, Birmingham, New York, Brentwood, Cincinnati, San Francisco, Des Moine and Rocky River.

Below we share with you three top-rated Victory mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Victory mutual funds.

Victory Sycamore Established Value A (VETAX - Free Report) invests a large bulk of its assets in securities of companies which fall within the range of the Russell MidCap Value Index. VETAX seeks growth of capital for the long run by investing in both domestic and foreign companies. Victory Sycamore Established Value A has year-to-date, three-year and five-year annualized returns of 16.4%, 10.8% and 14.7%, respectively.

VETAX has an expense ratio of 0.99% compared to the category average of 1.19%.

Victory Sycamore Small Company Opportunities A (SSGSX - Free Report) seeks growth of capital. SSGSX invests its assets mainly in common stocks of small-cap companies that are expected to be undervalued. Small-cap companies are those which have market-cap similar to that of the companies in the Russell 2000 Value Index. Victory Sycamore Small Company Opportunities A has year-to-date, three-year and five-year annualized returns of 22.9%, 11% and 14.6%, respectively.

Jeffrey Graff is one of the portfolio managers of SSGSX since 2007.

Victory High Income Municipal Bond A (RSHMX - Free Report) invests a large chunk of its assets in municipal debt securities that provide tax free interest income. RSHMX invests in securities that pay interest which is exempted from federal income tax but may provide payments subject to the federal alternative minimum tax. Victory High Income Municipal Bond A has year-to-date, three-year and five-year annualized returns of 3.1%, 6.9% and 5.1%, respectively.

As of September 2016, RSHMX held 81 issues with 5.04% of its assets invested in Golden St Tob Securitization C Tobacco S.

To view the Zacks Rank and past performance of all Victory mutual funds, investors can click here to see the complete list of Victory mutual funds.

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