Morningstar

Victory Tax Exempt Short-Term Fund Class A UTESX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.31  /  0.00
  • Total Assets 613.4M
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.54%
  • Effective Duration 2.75 years

USD | NAV as of Aug 15, 2026 | 1-Day Return as of Aug 15, 2026, 12:10 AM GMT+0

Morningstar’s Analysis UTESX

Will UTESX outperform in the 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 UTESX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of UTESX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Victory Tax Exempt Short-Term Class A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings UTESX

More UTESX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8%

2.29 14M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

2.13 13M
municipal

MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 3%

1.98 12M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5.25%

1.67 10M
municipal

OWEN CNTY KY WTR FACS REV 2.45%

1.57 10M
municipal

VALLEY STREAM N Y 4.5%

1.52 9M
municipal

ILLINOIS ST 5%

1.49 9M
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.1%

1.45 9M
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 4%

1.22 8M
municipal

GILLIAM CNTY ORE SOLID WASTE DISP REV 4.25%

1.03 6M
municipal

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