About UTELX
Victory Tax Exempt Long-Term Fund Class A is a mutual fund designed to provide investors with interest income that is exempt from federal income tax. The fund primarily invests in investment-grade, tax-exempt municipal securities, with at least 80% of its assets allocated to securities averaging a maturity of ten years or more. By focusing on long-term municipal bonds, the fund aims to deliver regular tax-advantaged income, with monthly dividend distributions. It holds a diversified portfolio, featuring over 500 municipal bond holdings across various states and public sectors, including transportation authorities, school districts, and utilities.
The fund is classified in the Muni National Long category, reflecting its national scope and emphasis on longer-duration assets. Its strategy makes it suitable for investors seeking federally tax-exempt income and moderate interest rate exposure. The fund maintains an average risk and expense profile relative to peers in its category, supporting its role as a core municipal bond allocation within diversified, income-focused portfolios. Since its inception in 2010, Victory Tax Exempt Long-Term Fund Class A has established itself as a notable vehicle for tapping into the municipal bond market while aiming to preserve capital and manage credit quality effectively.
Fund Family Victory Capital Management Inc.
Category Muni National Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol UTELX
Share Class Victory Tax Exempt Long-term Fund Class A
Index Bloomberg Municipal Bond TR
UTELX had a total return of 4.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.94%.
