Victory National Municipal Bond A (VNMAX) As Of: 10/31/2025

Sufficient Liquidity
VNMAX Can Liquidate 55.79 % In 3 Days Which Meets The Fund's 15% Minimum For Highly Liquid Assets. See SEC Requirements.

Unacceptable Illiquidity
VNMAX Fails The 15% Maximum Illiquid Assets Test. See SEC Requirements.
Total De-valuated Market Value: $0.00 (0.000% of the fund)

Liquidity Assessment For VNMAX

Days To Liquidate SEC Category % Of Fund Value Value
0-3 Days		 Highly Liquid
55.8 %
$9,924,064.41
3-7 Days		 Moderately Liquid
10.4 %
$1,844,116.58
3-7 Days (Settle Later)		 Less Liquid
4.5 %
$798,289.42
7+ Days		 Illiquid
29.4 %
$5,220,733.59
Market Value
$15,477,468
Cash
1.92 %
Positions
39
Not Covered
19 (48.72 %)
Covered
20 (51.28 %)
Type
OPEN_END
Reporting Date
2017-09-30
Highly Liquid Target
15%
...
Customize Bondview’s Algorithm

Each bond’s liquidity category is based on its transaction history. Bonds that have not traded enough are estimated using similar bonds.

Optimal

Faster Reports

Sample 10% of transactions

Very Thorough

Slower Reports

Check 100% of transactions

CUSIP Name Amount Owned Other Fund`s Capacity To Buy Traded Last 30 Days % Of Fund High Mod Less Illiquid Maturity Coupon BV Credit Score Drilldown
CUSIP Name Amount Owned % Of Fund Coupon Maturity