Victory Tax Exempt Long Term Fund (ULTIX)
| Fund Assets | 1.60B |
| Expense Ratio | 0.42% |
| Min. Investment | $1,000,000 |
| Turnover | 4.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.72% |
| Dividend Growth | 0.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 12.12 |
| YTD Return | 1.40% |
| 1-Year Return | 5.03% |
| 5-Year Return | 2.23% |
| 52-Week Low | 10.93 |
| 52-Week High | 12.14 |
| Beta (5Y) | n/a |
| Holdings | 548 |
| Inception Date | Jun 29, 2020 |
About ULTIX
Victory Tax Exempt Long-Term Fund Institutional Shares is an open-end mutual fund specializing in tax-exempt fixed income investments. Its primary purpose is to provide shareholders with interest income that is exempt from federal income tax. The fund focuses on investment-grade municipal securities, with at least 80% of assets allocated to tax-exempt bonds that usually have a weighted average maturity of ten years or longer. This extended duration positions the fund within the long-term municipal bond category, helping institutional investors like pension funds, endowments, and non-profits manage their long-term liabilities while seeking federal tax-advantaged income. Managed with a diversified portfolio comprising hundreds of underlying securities, the fund provides broad exposure to U.S. municipalities and related issuers. It plays a significant role in the financial markets by facilitating capital access for public projects nationwide, while offering institutions a potential means of enhancing after-tax returns. The fund is subject to interest rate and credit risk typical of municipal bonds, and regularly distributes income on a monthly basis to its investors.
Performance
ULTIX had a total return of 5.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.09%.
Top 10 Holdings
11.22% of assets| Name | Symbol | Weight |
|---|---|---|
| REGIONAL TRANSN AUTH ILL 6.5% | IL.REGTRN 6.5 07.01.2030 | 2.63% |
| MIAMI-DADE CNTY FLA WTR & SWR REV 4% | FL.MIAUTL 4 10.01.2044 | 1.30% |
| MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV 4% | MO.MOSDEV 4 06.01.2046 | 1.03% |
| TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0% | TX.TXSTRN 0 08.15.2030 | 1.02% |
| MIDLOTHIAN TEX INDPT SCH DIST 5% | TX.MDLSCD 5 02.15.2047 | 0.96% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 5 09.01.2042 | 0.92% |
| HARRIS CNTY TEX HOSP DIST REV 4% | TX.HARMED 4 02.15.2042 | 0.90% |
| NEW JERSEY ST TRANSN TR FD AUTH 4% | NJ.NJSTRN 4 06.15.2050 | 0.85% |
| SANGAMON CNTY ILL WTR RECLAMATION DIST 4% | IL.SPRUTL 4 01.01.2049 | 0.82% |
| ILLINOIS FIN AUTH REV 4% | IL.ILSGEN 4 10.01.2040 | 0.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03802 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03748 | Jan 2, 2026 |
| Nov 28, 2025 | $0.0353 | Dec 1, 2025 |
| Oct 31, 2025 | $0.03724 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03761 | Oct 1, 2025 |
| Aug 29, 2025 | $0.03876 | Sep 2, 2025 |