Victory Tax Exempt Long Term Fund (ULTIX)
| Fund Assets | 1.61B |
| Expense Ratio | 0.42% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.66% |
| Dividend Growth | -1.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 12.20 |
| YTD Return | 3.45% |
| 1-Year Return | 9.37% |
| 5-Year Return | 3.38% |
| 52-Week Low | 11.32 |
| 52-Week High | 12.22 |
| Beta (5Y) | n/a |
| Holdings | 549 |
| 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 9.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.79%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03646 | Jul 1, 2026 |
| May 29, 2026 | $0.03767 | Jun 1, 2026 |
| Apr 30, 2026 | $0.03777 | May 1, 2026 |
| Mar 31, 2026 | $0.03767 | Apr 1, 2026 |
| Feb 27, 2026 | $0.0345 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03802 | Feb 2, 2026 |