Victory Tax-Exempt Fund Class A (GUTEX)

9.70
Net Asset Value
+0.21%
1 Day
-2.12%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
2
Sales Expenses
0.96%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize current income exempt from federal income taxes- consistent with the preservation of capital. 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 ("AMT"). Under normal circumstances at least 80% of the value of the fund's assets will be invested in tax-exempt municipal obligations.

Performance

1 month+0.51% 3 years+2.89%
3 months+0.91% 5 years+2.27%
1 year+3.41% Since inception+4.52%
Data through --

Peer Comparisonvs. Muni national long

 GUTEXCategory
Performance 5-yr return+2.27%+2.65%
Expense ratio0.96%0.92%
Risk 5 year sharpe ratio0.420.48
Net assets$82.2M$2.1B
Average market cap--$20.1B
Average P/E--11.9
Portfolio turnover84%84%

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Fund Management and Purchase Info

Fund familyVictory
Fund manager & tenureDouglas Gaylor / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income100.00%
U.S. stock0.00%
International stock0.00%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Energy 17.35%
Financial service 14.49%
Healthcare 13.27%
Industrial materials 11.02%
Business service 10.00%
Top 10 Holdings
Portfolio weighting
-- 5.23%
-- 5.13%
-- 4.21%
-- 3.84%
-- 3.17%
-- 3.12%
-- 2.71%
-- 2.64%
-- 2.59%
-- 2.58%