Victory Tax Exempt Intermediate Term Fund (UTEIX)
| Fund Assets | 2.84B |
| Expense Ratio | 0.74% |
| Min. Investment | $2,500 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.10% |
| Dividend Growth | 4.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 12.56 |
| YTD Return | 1.01% |
| 1-Year Return | 0.45% |
| 5-Year Return | 2.92% |
| 52-Week Low | 11.98 |
| 52-Week High | 12.75 |
| Beta (5Y) | n/a |
| Holdings | 1104 |
| Inception Date | Aug 2, 2010 |
About UTEIX
Victory Tax-Exempt Intermediate-Term Fund is an open-end municipal bond mutual fund focused on generating interest income that is exempt from federal income tax. The strategy primarily invests in investment‑grade, tax‑exempt securities and, under normal market conditions, maintains at least 80% of net assets in such bonds with an average dollar‑weighted maturity between three and ten years, positioning it in the national intermediate muni category. The fund targets diversified exposure across municipal issuers to help preserve principal while seeking steady tax‑advantaged income, distributing dividends on a monthly schedule. Its portfolio spans hundreds of holdings, reflecting broad diversification and active management within the intermediate duration range. As of recent reports, the fund’s scale and category profile place it as a core option for investors looking to balance interest‑rate sensitivity with credit quality in the municipal market, with an effective duration modestly below peer median and close to its benchmark’s intermediate profile. Key fund characteristics published by third‑party trackers include sizable assets under management, a published expense ratio, and standard Class A fund minimums that align with mainstream mutual fund access points.
Performance
UTEIX had a total return of 0.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.57%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Interm-Term Tx-Ex Inv | 0.17% |
Top 10 Holdings
6.70% of assets| Name | Symbol | Weight |
|---|---|---|
| REGIONAL TRANSN AUTH ILL 4% | IL.REGTRN 4 07.01.2034 | 0.81% |
| MISSOURI ST ENVIRONMENTAL IMPT & ENERGY RES AUTH ENV IMPT REV 2.9% | MO.MOSENV 2.9 09.01.2033 | 0.77% |
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% | NY.NYSHGR 4 03.15.2041 | 0.71% |
| PENNSYLVANIA ST TPK COMMN TPK REV 4% | PA.PASTRN 4 06.01.2034 | 0.70% |
| CHICAGO ILL BRD ED 4% | IL.CHIEDU 4 12.01.2040 | 0.66% |
| NORTH TEX TWY AUTH REV 0% | TX.NRTTRN 0 01.01.2029 | 0.62% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5% | LA.LASFAC 3.5 11.01.2032 | 0.62% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% | NE.CENPWR 05.01.2053 | 0.61% |
| ILLINOIS FIN AUTH REV 4% | IL.ILSGEN 4 02.15.2036 | 0.61% |
| NEW JERSEY ECONOMIC DEV AUTH ST LEASE REV 5% | NJ.NJSDEV 5 06.15.2037 | 0.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0343 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03439 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03214 | Jul 1, 2025 |
| May 30, 2025 | $0.03411 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03298 | May 1, 2025 |
| Mar 31, 2025 | $0.03315 | Apr 1, 2025 |