UTEIX

About UTEIX

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 strategy primarily invests in investment‑grade, tax‑exempt securities and, under normal market conditions, maintains at least 80% of net assets in such bonds with an average dollar‑weighted maturity between three and ten years, positioning it in the national intermediate muni category. The fund targets diversified exposure across municipal issuers to help preserve principal while seeking steady tax‑advantaged income, distributing dividends on a monthly schedule. Its portfolio spans hundreds of holdings, reflecting broad diversification and active management within the intermediate duration range. As of recent reports, the fund’s scale and category profile place it as a core option for investors looking to balance interest‑rate sensitivity with credit quality in the municipal market, with an effective duration modestly below peer median and close to its benchmark’s intermediate profile. Key fund characteristics published by third‑party trackers include sizable assets under management, a published expense ratio, and standard Class A fund minimums that align with mainstream mutual fund access points.