Morningstar

Victory Tax Exempt Intermediate-Term Fund USATX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Victory Capital Investment Hub

Morningstar’s Analysis USATX

Will USATX outperform in the 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 USATX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A straightforward, research-driven approach has produced a solid long-term record.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

Victory Tax Exempt Intermediate-Term’s research-driven process and capable managers have delivered solid long-term returns, but the lean team’s relatively aggressive approach compared with most peers limits our conviction in the strategy.

by Rafael Ramirez
Rated on Published on

Unlock our full analysis with Morningstar Investor

Sponsor Center