USTEX

About USTEX

The Victory Tax Exempt Long-Term Fund is a mutual fund designed to generate interest income that is primarily exempt from federal income tax. This fund invests principally in investment-grade, tax-exempt securities, such as municipal bonds, with the portfolio’s average dollar-weighted maturity typically extending ten years or more. By maintaining at least 80% of its net assets in tax-exempt investments, the fund seeks to deliver stable, tax-advantaged income to investors, making it especially relevant for individuals aiming to minimize federal tax liabilities on their interest earnings. Its investment approach is grounded in relative value-driven, bottom-up security selection, supported by proprietary fundamental research. With a diversified portfolio and an emphasis on minimizing capital gain distributions, the Victory Tax Exempt Long-Term Fund serves a crucial role in providing high-quality, income-focused exposure to the long-term municipal bond market. It is particularly suitable for those seeking steady, tax-exempt income and broad sector diversification within the municipal bond asset class.