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Morningstar

Victory Tax Exempt Short-Term Class A UTESX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 10.10  /  +0.01 %
  • Total Assets 679.5 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Average
  • 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 2.67%
  • Effective Duration 2.31 years

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

Morningstar’s Analysis UTESX

Will UTESX 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 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.

Leadership changes on this straightforward short-term muni strategy.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Victory Tax Exempt Short-Term’s team recently experienced leadership changes, and its buy-and-hold approach lacks an edge over competitors. The strategy retains a Morningstar Medalist Rating of Neutral for its cheaper share classes and a Negative for its more expensive share class.

by Thomas Murphy
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 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 4.8%

2.77 18.8 Mil
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 4.75%

2.44 16.5 Mil
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8%

2.02 13.7 Mil
municipal

LONG IS PWR AUTH N Y ELEC SYS REV 4.09%

1.53 10.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.48 10.1 Mil
municipal

ILLINOIS FIN AUTH REV 4%

1.48 10.1 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.48 10.0 Mil
municipal

MISSISSIPPI HOSP EQUIP & FACS AUTH REV 5%

1.48 10.0 Mil
municipal

JOHNSON CITY N Y 5.25%

1.48 10.0 Mil
municipal

KENTUCKY ECONOMIC DEV FIN AUTH REV 5.04%

1.48 10.0 Mil
municipal