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USAA Mutual Funds have been renamed Victory Funds. Click here to learn more.
Victory Tax-Exempt Fund
  • Portfolios built bond-by-bond based on in-depth review of issuers’ creditworthiness and of security structures.
  • At least 80% of the Fund’s net assets will ordinarily be allocated to tax-exempt municipal bonds, with up to 20% invested in bonds that are subject to regular federal income tax.

Risk Measures

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Top 10 Holdings

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Sector Diversification

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Quality Structure

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Average Life Structure

The Victory Tax Exempt Fund seeks to maximize current income exempt from federal income taxes, consistent with the preservation of capital. Under normal circumstances at least 80% of the value of its assets will be invested in tax-exempt municipal obligations. This is a fundamental policy that cannot be changed without shareholder approval. The Fund invests primarily in investment-grade municipal obligations, the interest on which is, in the opinion of the issuer’s bond counsel, exempt from federal income tax including the federal alternative minimum tax.

Management Team

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