GUTEX

About GUTEX

Victory Tax-Exempt Fund Class A is an open-end mutual fund specializing in tax-exempt municipal bonds. Its primary objective is to generate current income that is largely exempt from federal—and, for some investors, state—income taxes. The fund achieves this by allocating at least 80% of its assets to a diverse portfolio of high-quality, investment-grade municipal securities, emphasizing the preservation of capital and steady income production. Notable for its disciplined, bottom-up security selection and proprietary fundamental research, the fund targets issuers with strong creditworthiness and structures each bond position with careful attention to relative value and risk. Its portfolio spans key sectors including transportation, education, healthcare, and tax revenue-backed entities, providing indirect exposure to essential public infrastructure and services. Designed for investors seeking tax-efficient income, the Victory Tax-Exempt Fund Class A plays a pivotal role in diversified fixed income strategies, especially for those aiming to minimize taxable investment income. The fund typically maintains a duration near its benchmark and seeks to reduce capital gain distributions, making it a core holding in income-focused, tax-sensitive portfolios.