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Morningstar

Victory Tax Exempt Short-Term USSTX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.05  /  −0.09 %
  • Total Assets 672.7 Mil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.88%
  • Effective Duration 2.31 years

USD | NAV as of Jun 01, 2024 | 1-Day Return as of Jun 01, 2024, 12:18 AM GMT+0

Morningstar’s Analysis USSTX

Will USSTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USSTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the USSTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of USSTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A new era is under way.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Victory Tax Exempt Short-Term’s new leadership team and its straightforward approach to munis have yet to demonstrate an edge over peers.

by Thomas Murphy
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings USSTX

More USSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 4.8%

2.77 18.8 Mil
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 4.75%

2.44 16.5 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8%

2.02 13.7 Mil
municipal

LONG IS PWR AUTH N Y ELEC SYS REV 4.09%

1.53 10.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.48 10.1 Mil
municipal

ILLINOIS FIN AUTH REV 4%

1.48 10.1 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.48 10.0 Mil
municipal

MISSISSIPPI HOSP EQUIP & FACS AUTH REV 5%

1.48 10.0 Mil
municipal

JOHNSON CITY N Y 5.25%

1.48 10.0 Mil
municipal

KENTUCKY ECONOMIC DEV FIN AUTH REV 5.04%

1.48 10.0 Mil
municipal