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Morningstar

Victory Tax-Exempt A GUTEX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 8.27  /  +0.01 %
  • Total Assets 32.7 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.82%
  • Effective Duration 7.83 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 11:38 PM GMT+0

Morningstar’s Analysis GUTEX

Will GUTEX 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 GUTEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GUTEX 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 GUTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Victory Tax-Exempt A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings GUTEX

More GUTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 36.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5%

4.82 1.6 Mil
municipal

SALES TAX SECURITIZATION CORP ILL 5%

4.77 1.6 Mil
municipal

LOGAN ELM OHIO LOC SCH DIST 4%

4.32 1.4 Mil
municipal

CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%

4.07 1.3 Mil
municipal

MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 4.25%

3.39 1.1 Mil
municipal

CHICAGO ILL 5.5%

3.18 1.0 Mil
municipal

CHICAGO ILL WASTEWATER TRANSMISSION REV 5%

3.11 1.0 Mil
municipal

MIAMI-DADE CNTY FLA PUB FACS REV 5%

3.10 1.0 Mil
municipal

GUAM PORT AUTH PORT REV 5%

3.08 1.0 Mil
municipal

CHICAGO ILL WASTEWATER TRANSMISSION REV 5%

3.08 1.0 Mil
municipal