USATX – Victory Tax Exempt Intermediate-Term Investment Strategy | Morningstar

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Strategy

The investment seeks interest income that is exempt from federal income tax. The fund invests primarily in investment-grade securities, the interest from which is excludable from gross income for federal income tax purposes (referred to herein as "tax-exempt securities"). During normal market conditions, at least 80% of its net assets will consist of tax-exempt securities. The fund's dollar-weighted average portfolio maturity is between three and 10 years. At least 80% of the fund's annual net investment income dividends will be tax-exempt and excludable from the calculation of the federal alternative minimum tax for individual taxpayers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
USATX	Victory Tax Exempt Intermediate-Term Fund	No Load	Open			Mar 19, 1982	$2.09B	0.480%	Average	$3,000	−$218.37M
UITIX	Victory Tax Exempt Intermediate-Term Fund Institutional Shares	Institutional	Open			Jun 29, 2020	$510.20M	0.440%	Below Average	$1M	−$43.40M
UTEIX	Victory Tax Exempt Intermediate-Term Fund Class A	Front Load	Open			Aug 2, 2010	$59.21M	0.720%	Below Average	$2,500	$123,633.48

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