Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Victory Tax-Exempt Fund Class A (GUTEX)

10.02
Net Asset Value
+0.30%
1 Day
+3.94%
Year-to-Date
Overall Morningstar Rating
Muni national long
Style or Category
2
Sales Expenses
0.95%
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 net assets will be invested in tax-exempt municipal obligations.

Performance

1 month+0.40% 3 years+2.90%
3 months+0.90% 5 years+2.23%
1 year+7.93% Since inception+4.60%
Data through --

Peer Comparisonvs. Muni national long

 GUTEXCategory
Performance 5-yr return+2.23%+2.91%
Expense ratio0.95%0.87%
Risk 5 year sharpe ratio0.420.52
Net assets$91.2M$1.8B
Average market cap--$23.1B
Average P/E--11.6
Portfolio turnover39%39%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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
-- 4.68%
-- 4.60%
-- 3.79%
-- 3.69%
-- 3.48%
-- 3.05%
-- 2.82%
-- 2.75%
-- 2.64%
-- 2.41%