USAA Tax Exempt Short-Term Fund (USSTX)

Net Asset Value
1 Day
Overall Morningstar Rating
Muni national short
Style or Category
No Load
Sales Expenses
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 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 three years or less. 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.


1 month-0.06% 3 years+0.60%
3 months-0.05% 5 years+0.76%
1 year+1.29% Since inception+4.40%
Data through --

Peer Comparisonvs. Muni national short

Performance 5-yr return+0.76%+0.80%
Expense ratio0.54%0.66%
Risk 5 year sharpe ratio0.560.23
Net assets$1.6B$1.9B
Average market cap--$4.2B
Average P/E--21.4
Portfolio turnover34%34%

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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--


Fixed income97.17%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.65%
-- 1.53%
-- 1.41%
-- 1.39%
-- 1.30%
-- 1.29%
-- 1.28%
-- 1.28%
-- 1.28%
-- 1.19%