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Morningstar

Victory Tax Exempt Long-Term USTEX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 11.92  /  −0.24 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.69%
  • Effective Duration 6.92 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis USTEX

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

  • People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings USTEX

More USTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

REGIONAL TRANSN AUTH ILL 6.5%

2.46 43.2 Mil
municipal

MIAMI-DADE CNTY FLA WTR & SWR REV 4%

1.22 21.4 Mil
municipal

LIBERTY N Y DEV CORP REV 5.25%

1.09 19.0 Mil
municipal

MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV 4%

1.00 17.5 Mil
municipal

MANOR TEX INDPT SCH DIST 5%

0.90 15.7 Mil
municipal

MIDLOTHIAN TEX INDPT SCH DIST 5%

0.88 15.5 Mil
municipal

TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0%

0.86 15.1 Mil
municipal

HARRIS CNTY TEX HOSP DIST REV 4%

0.85 15.0 Mil
municipal

CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5%

0.85 14.9 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 4%

0.81 14.2 Mil
municipal