Victory Tax Exempt Intermediate-Term Fund (USATX)

Fund Assets	2.54B
Expense Ratio	0.491%
Min. Investment	$3,000
Turnover	n/a
Dividend (ttm)	0.44
Dividend Yield	3.60%
Dividend Growth	2.52%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	12.25
YTD Return	-0.25%
1-Year Return	0.30%
5-Year Return	4.83%
52-Week Low	11.73
52-Week High	12.79
Beta (5Y)	0.23
Holdings	1085
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.

• Fund Family: Victory Capital Management Inc.
• Category: Muni National Interm
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: USATX
• Share Class: Victory Tax Exempt Intermediate-term Fund Shares
• Index: Bloomberg 1-15 Y Municipal Blend TR

Performance

USATX had a total return of 0.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.14%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWITX	Vanguard	Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	0.17%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
UITIX	Victory Tax Exempt Intermediate-term Fund Institutional Shares	0.44%
UTEIX	Victory Tax Exempt Intermediate-term Fund Class A	0.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03789	Oct 1, 2026
Aug 31, 2026	$0.03905	Sep 1, 2026
Jul 31, 2026	$0.03698	Aug 3, 2026
Jun 30, 2026	$0.0367	Jul 1, 2026
May 29, 2026	$0.03742	Jun 1, 2026
Apr 30, 2026	$0.03653	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 3, 2026

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