USAA Tax Exempt Short-Term employs a patient, straightforward approach, but its emphasis on income can bring elevated credit risk, and its lean team has seen churn. Its cheapest shares earn a Morningstar Analyst Rating of Neutral, while its priciest share class receives a Negative.
Will UTESX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UTESX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the UTESX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of UTESX’s parent organization’s priorities and whether they’re in line with investors’ interests.