About UITIX
Victory Tax Exempt Intermediate-Term Fund Institutional Shares is a municipal bond mutual fund focused on generating interest income that is exempt from federal income tax. The fund primarily invests in high-quality, investment-grade municipal securities and, under normal conditions, maintains at least 80% of net assets in tax-exempt holdings. Its portfolio targets an intermediate profile, with a dollar-weighted average maturity generally between three and ten years, balancing income stability with moderate interest rate sensitivity. The strategy emphasizes diversified exposure across states and sectors within the municipal market, employing bottom-up, relative value-driven security selection supported by fundamental research. The fund typically aligns its duration within a defined range around its benchmark to manage rate risk, while seeking to minimize capital gains distributions and maintain predominantly tax-exempt income. It pays distributions monthly and is designed for institutions and other investors seeking federally tax-exempt income with an intermediate-term municipal focus. According to fund materials and third-party research, the share class features an institutional minimum, an expense profile consistent with its category, and broad holdings across thousands of municipal bonds.
Fund Family Victory Capital Management Inc.
Category Muni National Interm
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol UITIX
Share Class Victory Tax Exempt Intermediate-term Fund Institutional Shares
Index Bloomberg 1-15 Y Municipal Blend TR
UITIX had a total return of 4.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.12%.
