Victory Tax Exempt Short-Term Fund (USSTX)
| Fund Assets | 638.60M |
| Expense Ratio | 0.50% |
| Min. Investment | $3,000 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.81% |
| Dividend Growth | -1.63% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 10.33 |
| YTD Return | 4.23% |
| 1-Year Return | 4.50% |
| 5-Year Return | 9.08% |
| 52-Week Low | 9.88 |
| 52-Week High | 10.33 |
| Beta (5Y) | 0.12 |
| Holdings | 361 |
| Inception Date | Mar 19, 1982 |
About USSTX
Victory Tax Exempt Short-Term Fund is a **municipal bond mutual fund** focused on generating **interest income exempt from federal income tax**. The fund primarily invests in **investment-grade, tax-exempt securities** issued by state and local governments and related entities, emphasizing high credit quality to support capital preservation. Its portfolio maintains an **average dollar-weighted maturity of three years or less**, positioning the fund in the short-term segment of the municipal market, which typically reduces sensitivity to interest rate changes compared with longer-duration strategies. Victory Tax Exempt Short-Term Fund plays a role as a **short-duration, tax-efficient fixed income holding** for investors seeking federally tax-exempt income and moderate volatility relative to longer-term municipal funds. Managed within a diversified portfolio of municipal obligations, the fund contributes to overall fixed income diversification while targeting stable, tax-advantaged cash flows in the broader U.S. bond market.
Performance
USSTX had a total return of 4.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.55%.
Top 10 Holdings
17.99% of assets| Name | Symbol | Weight |
|---|---|---|
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.85% | TX.PPATRN 04.01.2040 | 2.74% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 3.85% | TX.PPATRN 04.01.2040 | 2.32% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8% | NY.NYCDEV 2.8 09.15.2069 | 2.15% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 12.01.2054 | 2.09% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5.25% | AL.SEEPWR 03.01.2055 | 1.66% |
| METROPOLITAN TRANSN AUTH N Y REV 3.437% | NY.MTATRN 11.15.2042 | 1.54% |
| OWEN CNTY KY WTR FACS REV 2.45% | KY.OWNWTR 06.01.2039 | 1.50% |
| ILLINOIS ST 5% | IL.ILS 5 11.01.2029 | 1.45% |
| NEW YORK N Y 3.7% | NY.NYC 10.01.2046 | 1.36% |
| CORTLAND N Y 4.5% | NY.CTL 4.5 05.15.2026 | 1.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.02365 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0243 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0239 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02394 | Sep 2, 2025 |
| Jul 31, 2025 | $0.02368 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02341 | Jul 1, 2025 |