USAA Tax Exempt Intermediate-Term Fund (USATX)

13.09
Net Asset Value
+0.08%
1 Day
-2.02%
Year-to-Date
Overall Morningstar Rating
Muni national interm
Style or Category
No Load
Sales Expenses
0.52%
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 excludable from gross income for federal income tax purposes (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. At least 80% of the fund's annual net investment income dividends will be tax-exempt and excludable from the calculation of the federal alternative minimum tax for individual taxpayers.

Performance

1 month+0.21% 3 years+1.97%
3 months-0.73% 5 years+2.23%
1 year+2.30% Since inception+6.46%
Data through --

Peer Comparisonvs. Muni national interm

 USATXCategory
Performance 5-yr return+2.23%+2.06%
Expense ratio0.52%0.77%
Risk 5 year sharpe ratio0.630.49
Net assets$4.6B$2.0B
Average market cap--$378.1M
Average P/E----
Portfolio turnover16%16%

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Fund Management and Purchase Info

Fund familyUSAA
Fund manager & tenureRegina Conklin / 14 Years
Minimal initial investment$3,000.00
Minimum IRA investment--

Holdings

Fixed income99.52%
Cash0.49%
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
-- 0.92%
-- 0.90%
-- 0.83%
-- 0.81%
-- 0.77%
-- 0.76%
-- 0.68%
-- 0.66%
-- 0.64%
-- 0.63%