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Morningstar

Victory Tax Exempt Long-Term Class A UTELX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 11.88  /  −0.07 %
  • Total Assets 1.7 Bil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.49%
  • Effective Duration 6.92 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:18 PM GMT+0

Morningstar’s Analysis UTELX

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

  • People Pillar

    The People Pillar is our evaluation of the UTELX 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 UTELX’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 Class A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings UTELX

More UTELX 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