Victory Tax Exempt Intermediate Term Fund (USATX)
| Fund Assets | 2.84B |
| Expense Ratio | 0.49% |
| Min. Investment | $3,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.42% |
| Dividend Growth | 3.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 12.56 |
| YTD Return | 1.63% |
| 1-Year Return | 1.64% |
| 5-Year Return | 5.41% |
| 52-Week Low | 11.98 |
| 52-Week High | 12.75 |
| Beta (5Y) | 0.21 |
| Holdings | 1104 |
| Inception Date | Mar 19, 1982 |
About USATX
Victory Tax Exempt Intermediate-Term Fund is an open-end municipal bond mutual fund focused on generating interest income that is exempt from federal income tax. The portfolio primarily holds investment‑grade, tax‑exempt securities and maintains an average dollar‑weighted maturity between roughly three and ten years, placing it in the national intermediate muni category. The strategy invests at least 80% of net assets in tax‑exempt bonds under normal market conditions, emphasizing high‑quality issuers and relative‑value, bottom‑up security selection. The fund typically targets duration within approximately two years of its benchmark to balance income generation with interest‑rate sensitivity in the intermediate part of the muni curve. Managed by Victory Capital, it is designed for diversified exposure across states and sectors within the municipal market, seeking to help protect principal while delivering primarily tax‑exempt income. Established track records and regular monthly distributions support its role as a core municipal bond holding for investors aiming to manage tax liability while accessing broad municipal credit markets.
Performance
USATX had a total return of 1.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.19%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Interm-Term Tx-Ex Inv | 0.17% |
Top 10 Holdings
6.70% of assets| Name | Symbol | Weight |
|---|---|---|
| REGIONAL TRANSN AUTH ILL 4% | IL.REGTRN 4 07.01.2034 | 0.81% |
| MISSOURI ST ENVIRONMENTAL IMPT & ENERGY RES AUTH ENV IMPT REV 2.9% | MO.MOSENV 2.9 09.01.2033 | 0.77% |
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% | NY.NYSHGR 4 03.15.2041 | 0.71% |
| PENNSYLVANIA ST TPK COMMN TPK REV 4% | PA.PASTRN 4 06.01.2034 | 0.70% |
| CHICAGO ILL BRD ED 4% | IL.CHIEDU 4 12.01.2040 | 0.66% |
| NORTH TEX TWY AUTH REV 0% | TX.NRTTRN 0 01.01.2029 | 0.62% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% | LA.LASFAC 3.5 11.01.2032 | 0.62% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 05.01.2053 | 0.61% |
| ILLINOIS FIN AUTH REV 4% | IL.ILSGEN 4 02.15.2036 | 0.61% |
| NEW JERSEY ECONOMIC DEV AUTH ST LEASE REV 5% | NJ.NJSDEV 5 06.15.2037 | 0.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03674 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03645 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03524 | Jul 1, 2025 |
| May 30, 2025 | $0.03656 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03536 | May 1, 2025 |
| Mar 31, 2025 | $0.03566 | Apr 1, 2025 |