Victory Tax Exempt Long Term Fund (ULTIX)
| Fund Assets | 1.56B |
| Expense Ratio | 0.42% |
| Min. Investment | $1,000,000 |
| Turnover | 4.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 3.94% |
| Dividend Growth | 1.36% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.56 |
| YTD Return | -2.81% |
| 1-Year Return | -3.31% |
| 5-Year Return | -0.64% |
| 52-Week Low | 11.29 |
| 52-Week High | 12.44 |
| Beta (5Y) | n/a |
| Holdings | 563 |
| 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 -3.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.21%.
Top 10 Holdings
11.05% of assets| Name | Symbol | Weight |
|---|---|---|
| REGIONAL TRANSN AUTH ILL 6.5% | IL.REGTRN 6.5 07.01.2030 | 2.64% |
| MIAMI-DADE CNTY FLA WTR & SWR REV 4% | FL.MIAUTL 4 10.01.2044 | 1.24% |
| TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0% | TX.TXSTRN 0 08.15.2030 | 0.99% |
| MANOR TEX INDPT SCH DIST 5% | TX.MNRSCD 5 08.01.2052 | 0.96% |
| MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV 4% | MO.MOSDEV 4 06.01.2046 | 0.95% |
| MIDLOTHIAN TEX INDPT SCH DIST 5% | TX.MDLSCD 5 02.15.2047 | 0.95% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 5 09.01.2042 | 0.87% |
| HARRIS CNTY TEX HOSP DIST REV 4% | TX.HARMED 4 02.15.2042 | 0.83% |
| NEW JERSEY ST TRANSN TR FD AUTH 4% | NJ.NJSTRN 4 06.15.2050 | 0.82% |
| SANGAMON CNTY ILL WTR RECLAMATION DIST 4% | IL.SPRUTL 4 01.01.2049 | 0.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03876 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0387 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03766 | Jul 1, 2025 |
| May 30, 2025 | $0.03933 | Jun 2, 2025 |
| Apr 30, 2025 | $0.038 | May 1, 2025 |
| Mar 31, 2025 | $0.03891 | Apr 1, 2025 |