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USAA Tax Exempt Short-Term Class A UTESX

Analyst rating as of
NAV / 1-Day Return
10.04  /  0.11 %
Total Assets
823.6 Mil
Adj. Expense Ratio
0.780%
Expense Ratio
0.780%
Fee Level
High
Longest Manager Tenure
19.52 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
2,500
Status
Open
TTM Yield
1.58%
Effective Duration
2.51 years

Morningstar’s Fund Analysis UTESX

Will UTESX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A straightforward, income-oriented approach to short-term munis.

Summary

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USAA Tax Exempt Short-Term team’s process is straightforward, but it does not give this strategy an edge over its muni national short peers. Meanwhile, its income-oriented approach can bring elevated credit risk to the portfolio. It earns a Morningstar Analyst Rating of Neutral for its cheaper share classes and a Negative for its more expensive share class.

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