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.
Fund Family Victory Capital Management Inc.
Category Muni National Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol USTEX
Share Class Victory Tax Exempt Long-term Fund Shares
Index Bloomberg Municipal Bond TR
USTEX had a total return of 6.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.51%.
