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 High Yield Muni
Performance Rating Average
Risk Rating Low
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 4.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.06%.
