Victory Tax Exempt Short-Term Fund A (UTESX)
10.21
-0.01
(-0.10%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.78% | 604.96M | -- | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -50.85M | 0.68% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide investors with interest income that is exempt from federal income tax. The Fund invests in investment grade securities, the interest from which is exempt from federal income tax. It invests at least 80% of its net assets in tax-exempt securities with average maturity is three years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Victory Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
83
-19.40M
Peer Group Low
229.87M
Peer Group High
1 Year
% Rank:
89
-50.85M
-501.34M
Peer Group Low
2.811B
Peer Group High
3 Months
% Rank:
86
-148.79M
Peer Group Low
952.98M
Peer Group High
3 Years
% Rank:
77
-998.82M
Peer Group Low
4.423B
Peer Group High
6 Months
% Rank:
78
-435.94M
Peer Group Low
1.122B
Peer Group High
5 Years
% Rank:
53
-7.817B
Peer Group Low
4.852B
Peer Group High
YTD
% Rank:
78
-458.42M
Peer Group Low
1.175B
Peer Group High
10 Years
% Rank:
87
-5.067B
Peer Group Low
3.107B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 100.2% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.19% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.000 04/01/2040 | 3.02% | 100.00 | 0.00% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV NY 2.800 09/15/2069 | 2.24% | 85.13 | -0.93% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV GA 5.000 12/01/2054 | 2.10% | 102.79 | -0.17% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.000 04/01/2040 | 2.00% | 100.00 | 0.00% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.250 03/01/2055 | 1.64% | 101.51 | -0.21% |
| METROPOLITAN TRANSN AUTH N Y REV NY 11/15/2042 (Put) | 1.60% | 100.00 | -- |
| OWEN CNTY KY WTR FACS REV KY 2.450 06/01/2039 | 1.55% | 93.52 | 0.00% |
| ILLINOIS ST IL 5.000 11/01/2029 | 1.48% | 101.78 | -0.04% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV TX 3.100 04/01/2040 | 1.24% | 100.00 | 0.00% |
| CHANDLER ARIZ INDL DEV AUTH INDL DEV REV AZ 4.000 06/01/2049 | 1.22% | 99.98 | -0.08% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | -- |
| Administration Fee | 6143.00 None |
| Maximum Front Load | 2.25% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | -- |
| Available for RRSP | -- |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 50.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide investors with interest income that is exempt from federal income tax. The Fund invests in investment grade securities, the interest from which is exempt from federal income tax. It invests at least 80% of its net assets in tax-exempt securities with average maturity is three years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Victory Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 2.55% |
| 30-Day SEC Yield (8-31-26) | 2.77% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 348 |
| Bond | |
| Yield to Maturity (3-31-26) | 3.45% |
| Effective Duration | 2.77 |
| Average Coupon | 4.21% |
| Calculated Average Quality | 3.410 |
| Effective Maturity | 9.659 |
| Nominal Maturity | 13.04 |
| Number of Bond Holdings | 338 |
As of March 31, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:UTESX", "name") |
| Broad Asset Class: =YCI("M:UTESX", "broad_asset_class") |
| Broad Category: =YCI("M:UTESX", "broad_category_group") |
| Prospectus Objective: =YCI("M:UTESX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |