USAA Tax Exempt Short-Term Fund (USSTX)

10.72
Net Asset Value
+0.09%
1 Day
+0.19%
Year-to-Date
Overall Morningstar Rating
Muni national short
Style or Category
No Load
Sales Expenses
0.55%
Expense Ratio
Below 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 three years or less.

Performance

1 month+0.12% 3 years+1.78%
3 months+0.39% 5 years+2.52%
1 year+1.80% Since inception+4.82%
Data through --

Peer Comparisonvs. Muni national short

 USSTXCategory
Performance 5-yr return+2.52%+2.16%
Expense ratio0.55%0.73%
Risk 5 year sharpe ratio2.461.48
Net assets$2.0B$2.1B
Average market cap----
Average P/E----
Portfolio turnover14%14%

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 income85.80%
Cash14.20%
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
-- California Statewide Cmntys De Ctfs1.70%
-- Emmaus Pa Gen Auth 1.06%1.47%
-- Washington St Health Care Facs Var Rate1.44%
-- St James Parish La Rev Var Rate1.43%
-- Luzerne Cnty Pa Go Notes1.42%
-- New Jersey Econ Dev Auth1.37%
-- Dickinson Cnty Mich Econ D Rev Ref 4.8%1.25%
-- Delaware Valley Pa Regl Fin Au Loc Govt1.25%
-- St James Parish La Rev Var Rev B1.23%
-- Arizona Health Facs Auth1.21%

To view my watchlist

Not a member yet?

Sign up now for a free account

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.