USATX

About USATX

Victory Tax Exempt Intermediate-Term Fund is an open-end municipal bond mutual fund focused on generating interest income that is exempt from federal income tax. The portfolio primarily holds investment‑grade, tax‑exempt securities and maintains an average dollar‑weighted maturity between roughly three and ten years, placing it in the national intermediate muni category. The strategy invests at least 80% of net assets in tax‑exempt bonds under normal market conditions, emphasizing high‑quality issuers and relative‑value, bottom‑up security selection. The fund typically targets duration within approximately two years of its benchmark to balance income generation with interest‑rate sensitivity in the intermediate part of the muni curve. Managed by Victory Capital, it is designed for diversified exposure across states and sectors within the municipal market, seeking to help protect principal while delivering primarily tax‑exempt income. Established track records and regular monthly distributions support its role as a core municipal bond holding for investors aiming to manage tax liability while accessing broad municipal credit markets.