USAA Tax Exempt Intermediate-Term Fund (USATX)

13.71
Net Asset Value
+0.07%
1 Day
+0.73%
Year-to-Date
Overall Morningstar Rating
Muni national interm
Style or Category
No Load
Sales Expenses
0.55%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks interest income that is exempt from federal income tax. The fund invests primarily in investment-grade securities the interest from which is exempt from federal income tax (referred to herein as "tax-exempt securities"). During normal market conditions, at least 80% of its net assets will consist of tax-exempt securities. The fund's dollar-weighted average portfolio maturity is between three and 10 years.

Performance

1 month+1.21% 3 years+4.21%
3 months+1.41% 5 years+5.29%
1 year+6.49% Since inception+6.90%
Data through --

Peer Comparisonvs. Muni national interm

 USATXCategory
Performance 5-yr return+5.29%+4.25%
Expense ratio0.55%0.84%
Risk 5 year sharpe ratio1.531.16
Net assets$3.8B$1.7B
Average market cap--$12.1B
Average P/E--16.9
Portfolio turnover10%10%

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

Fund Management and Purchase Info

Fund familyUSAA
Fund manager & tenureRegina Shafer / 11 Years
Minimal initial investment$3,000.00
Minimum IRA investment--

Holdings

Fixed income99.42%
Cash0.58%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Harris Cnty Tex Indl Dev Corp Rev Bds 5%1.19%
-- Emmaus Pa Gen Auth 1.06%1.18%
-- Golden St Tob Securitization C Enhanced0.92%
-- California St Go Bds 5.75%0.90%
-- Denver Colo Health & Hosp Auth 4.75%0.87%
-- Ohio St Wtr Dev Auth 4%0.87%
-- Port Port Arthur Tex Nav Dist0.84%
-- Arizona Health Facs Auth0.83%
-- New York N Y City Transitional Future 5%0.79%
-- New York St Dorm Auth 5%0.73%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.