About USTIX
Victory Tax Exempt Short-Term Fund Institutional Shares is a mutual fund focused on generating interest income that is exempt from federal income tax. The fund primarily invests in high-quality, investment-grade, tax-exempt securities, including U.S. municipal bonds, with an average dollar-weighted portfolio maturity of three years or less. At least 80% of the fund's net assets are allocated to securities whose interest is excluded from gross income for federal tax purposes, aligning with its objective to provide tax-efficient income. This income-centric strategy appeals to institutions and investors seeking capital preservation with a tax-advantaged yield, while minimizing exposure to interest rate volatility inherent in longer-duration bonds. The fund employs a diversified, research-driven approach that emphasizes relative value and bottom-up security selection, managed by experienced portfolio managers. With a focus on stable returns, capital protection, and low risk, Victory Tax Exempt Short-Term Fund Institutional Shares plays a key role in portfolios that prioritize high credit quality and tax-exempt income generation in the short-term municipal bond segment of the market.
Fund Family Victory Capital Management Inc.
Category Muni National Short
Stock Exchange NASDAQ
Ticker Symbol USTIX
Share Class Victory Tax Exempt Short-term Fund Institutional Shares
Index Bloomberg Muni Bond Short (1-5) TR
USTIX had a total return of 2.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.52%.
