Victory Tax Exempt Long-Term Fund (USTEX)
| Fund Assets | 1.61B |
| Expense Ratio | 0.46% |
| Min. Investment | $3,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 3.62% |
| Dividend Growth | -1.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 12.20 |
| YTD Return | 2.93% |
| 1-Year Return | 8.68% |
| 5-Year Return | 3.69% |
| 52-Week Low | 11.32 |
| 52-Week High | 12.23 |
| Beta (5Y) | 0.33 |
| Holdings | 549 |
| Inception Date | Mar 19, 1982 |
About USTEX
The Victory Tax Exempt Long-Term Fund is a mutual fund designed to generate interest income that is primarily exempt from federal income tax. This fund invests principally in investment-grade, tax-exempt securities, such as municipal bonds, with the portfolio’s average dollar-weighted maturity typically extending ten years or more. By maintaining at least 80% of its net assets in tax-exempt investments, the fund seeks to deliver stable, tax-advantaged income to investors, making it especially relevant for individuals aiming to minimize federal tax liabilities on their interest earnings. Its investment approach is grounded in relative value-driven, bottom-up security selection, supported by proprietary fundamental research. With a diversified portfolio and an emphasis on minimizing capital gain distributions, the Victory Tax Exempt Long-Term Fund serves a crucial role in providing high-quality, income-focused exposure to the long-term municipal bond market. It is particularly suitable for those seeking steady, tax-exempt income and broad sector diversification within the municipal bond asset class.
Performance
USTEX had a total return of 8.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03599 | Jul 1, 2026 |
| May 29, 2026 | $0.03714 | Jun 1, 2026 |
| Apr 30, 2026 | $0.03756 | May 1, 2026 |
| Mar 31, 2026 | $0.03717 | Apr 1, 2026 |
| Feb 27, 2026 | $0.03413 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03764 | Feb 2, 2026 |