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Victory Tax Exempt Long-term Fund Shares: (MF: USTEX)
(NASDAQ Mutual Funds) As of May 3, 2024 08:00 PM ET
$11.95 USD
+0.05 (0.42%)
Zacks MF Rank
2-Buy of 5 2
Fund Description
The fund was incepted in March 1982 and is managed by USAA Investment Management Company. The fund seeks to provide investors with interest income that is exempt from federal income tax. The fund invests primarily in investment-grade tax-exempt securities differentiated by maturity limitations. The fund invests its assets in securities, the interest from which, in the opinion of counsel to the issuer, is excluded from gross income for federal income tax purposes but is subject to state and local taxes. Dividends are declared daily and paid on the last business day of each month. Capital gains are distributed in December each year.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Victory Tax-Exempt LT | USTEX | NA | NA | 0.00 | 0.00 | 0.26 | 0.43 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| USAA Tax-Exempt Long Term Fund | USTEX | 11.95 | 3/19/1982 | 0.87 | 4.43 | -0.90 | 1.38 |
| USAA Tax-Exempt Long Term Fund Adv | UTELX | 11.96 | 9/17/2010 | 0.84 | 4.30 | -1.07 | 1.19 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Victory Tax-Exempt LT | USTEX | 3000 | 50 | 0 | M |
Contact Information
| Family | Victory |
| Address | 4249 Easton Way, Suite 400 Columbus, OH 43219 |
| Phone | 800 991-8191 |