Victory Tax Exempt Money Market Fund (Formerly USAA Tax Exempt Money Market Fund)
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$1.00
$3.24 B
2.88%
$0.03
0.60%
Vitals
YTD Return
2.3%
1 yr return
2.5%
3 Yr Avg Return
1.9%
5 Yr Avg Return
1.2%
Net Assets
$3.24 B
Holdings in Top 10
37.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$1.00
$3.24 B
2.88%
$0.03
0.60%
USEXX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.11%
- Dividend Yield 2.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVictory Tax Exempt Money Market Fund (Formerly USAA Tax Exempt Money Market Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateSep 01, 2010
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCody Perkins
Fund Description
USEXX - Performance
Return Ranking - Trailing
Period | USEXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | 1.7% | 4.4% | 93.42% |
1 Yr | 2.5% | 1.9% | 4.9% | 89.47% |
3 Yr | 1.9%* | 1.3% | 3.5% | 79.03% |
5 Yr | 1.2%* | 0.8% | 2.1% | 77.78% |
10 Yr | 0.8%* | 0.6% | 1.3% | 80.00% |
* Annualized
Return Ranking - Calendar
Period | USEXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 42.11% |
2022 | 0.0% | 0.0% | 0.0% | 40.79% |
2021 | 0.0% | 0.0% | 0.0% | 45.59% |
2020 | 0.0% | 0.0% | 0.0% | 45.45% |
2019 | 0.0% | 0.0% | 0.0% | 42.86% |
Total Return Ranking - Trailing
Period | USEXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | 1.7% | 4.4% | 93.42% |
1 Yr | 2.5% | 1.9% | 4.9% | 89.47% |
3 Yr | 1.9%* | 1.3% | 3.5% | 79.03% |
5 Yr | 1.2%* | 0.8% | 2.1% | 77.78% |
10 Yr | 0.8%* | 0.6% | 1.3% | 80.00% |
* Annualized
Total Return Ranking - Calendar
Period | USEXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | 2.0% | 5.4% | 65.79% |
2022 | 0.8% | 0.2% | 1.2% | 57.89% |
2021 | 0.0% | 0.0% | 0.3% | 67.65% |
2020 | 0.3% | 0.0% | 1.3% | 46.97% |
2019 | 0.7% | 0.0% | 2.7% | 80.00% |
NAV & Total Return History
USEXX - Holdings
Concentration Analysis
USEXX | Category Low | Category High | USEXX % Rank | |
---|---|---|---|---|
Net Assets | 3.24 B | 3.67 M | 19.7 B | 9.21% |
Number of Holdings | 75 | 1 | 921 | 72.37% |
Net Assets in Top 10 | 188 M | 40.6 M | 17.4 B | 56.58% |
Weighting of Top 10 | 37.53% | 9.8% | 100.0% | 17.11% |
Top 10 Holdings
- CHATTANOOGA TENN HEALTH EDL & HSG FAC BRD REV 0.6% 4.72%
- ST JAMES PARISH LA REV 0.68% 4.51%
- GARFIELD CNTY OKLA INDL AUTH POLLUTN CTL REV 0.64% 4.36%
- UNIVERSITY TEX PERM UNIV FD IAM COML PAPER NTS 3/A3 SER A 0.2% 4.26%
- BRAZOS TEX HBR INDL DEV CORP REV 0.3% 4.25%
- UNIVERSITY TEX PERM UNIV FD IAM COML PAPER NTS 3/A3 SER A 0.17% 4.01%
- JACKSON CNTY MO INDL DEV AUTH REV 0.52% 3.98%
- HOUSTON TEX IAM COML PAPER 3/A2 SER E-2 0.42% 3.98%
- NEW HAMPSHIRE ST BUSINESS FIN AUTH REV 0.56% 3.98%
- TEXAS ST 4% 3.73%
Asset Allocation
Weighting | Return Low | Return High | USEXX % Rank | |
---|---|---|---|---|
Bonds | 83.20% | 0.00% | 99.21% | 40.79% |
Cash | 16.80% | 0.79% | 100.00% | 60.53% |
Stocks | 0.00% | 0.00% | 0.00% | 40.79% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 40.79% |
Other | 0.00% | 0.00% | 0.00% | 40.79% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 40.79% |
Bond Sector Breakdown
Weighting | Return Low | Return High | USEXX % Rank | |
---|---|---|---|---|
Municipal | 83.20% | 0.00% | 99.21% | 40.79% |
Cash & Equivalents | 16.80% | 0.79% | 100.00% | 60.53% |
Derivative | 0.00% | 0.00% | 0.00% | 40.79% |
Securitized | 0.00% | 0.00% | 0.00% | 40.79% |
Corporate | 0.00% | 0.00% | 0.00% | 40.79% |
Government | 0.00% | 0.00% | 13.45% | 46.05% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | USEXX % Rank | |
---|---|---|---|---|
US | 83.20% | 0.00% | 99.21% | 40.79% |
Non US | 0.00% | 0.00% | 0.00% | 40.79% |
USEXX - Expenses
Operational Fees
USEXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.15% | 1.77% | 27.63% |
Management Fee | 0.28% | 0.08% | 0.49% | 84.21% |
12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
Administrative Fee | N/A | 0.05% | 0.50% | 46.71% |
Sales Fees
USEXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
USEXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
USEXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 0.00% | N/A |
USEXX - Distributions
Dividend Yield Analysis
USEXX | Category Low | Category High | USEXX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.88% | 2.26% | 5.22% | 82.89% |
Dividend Distribution Analysis
USEXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
USEXX | Category Low | Category High | USEXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.11% | 0.00% | 0.12% | 2.63% |
Capital Gain Distribution Analysis
USEXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.002 | OrdinaryDividend |
Aug 30, 2024 | $0.003 | OrdinaryDividend |
Jul 31, 2024 | $0.002 | OrdinaryDividend |
Apr 30, 2024 | $0.003 | OrdinaryDividend |
Mar 28, 2024 | $0.003 | OrdinaryDividend |
Feb 29, 2024 | $0.002 | OrdinaryDividend |
Dec 29, 2023 | $0.003 | OrdinaryDividend |
Nov 30, 2023 | $0.003 | OrdinaryDividend |
Oct 31, 2023 | $0.003 | OrdinaryDividend |
Sep 29, 2023 | $0.003 | OrdinaryDividend |
Aug 31, 2023 | $0.003 | OrdinaryDividend |
Jul 31, 2023 | $0.002 | OrdinaryDividend |
Jun 30, 2023 | $0.003 | OrdinaryDividend |
May 31, 2023 | $0.002 | OrdinaryDividend |
Apr 28, 2023 | $0.002 | OrdinaryDividend |
Mar 31, 2023 | $0.002 | OrdinaryDividend |
Feb 28, 2023 | $0.002 | OrdinaryDividend |
Jan 31, 2023 | $0.002 | OrdinaryDividend |
Dec 30, 2022 | $0.002 | OrdinaryDividend |
Dec 14, 2022 | $0.000 | CapitalGainLongTerm |
Nov 30, 2022 | $0.001 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.001 | OrdinaryDividend |
Aug 31, 2022 | $0.001 | OrdinaryDividend |
Jul 29, 2022 | $0.000 | OrdinaryDividend |
Jun 30, 2022 | $0.000 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 31, 2021 | $0.000 | OrdinaryDividend |
Nov 30, 2021 | $0.000 | OrdinaryDividend |
Oct 29, 2021 | $0.000 | OrdinaryDividend |
Sep 30, 2021 | $0.000 | OrdinaryDividend |
Aug 31, 2021 | $0.000 | OrdinaryDividend |
Jul 30, 2021 | $0.000 | OrdinaryDividend |
Jun 30, 2021 | $0.000 | OrdinaryDividend |
May 28, 2021 | $0.000 | OrdinaryDividend |
Apr 30, 2021 | $0.000 | OrdinaryDividend |
Mar 31, 2021 | $0.000 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | OrdinaryDividend |
Dec 31, 2020 | $0.000 | OrdinaryDividend |
Dec 16, 2020 | $0.000 | CapitalGainShortTerm |
Dec 16, 2020 | $0.000 | CapitalGainLongTerm |
Nov 30, 2020 | $0.000 | OrdinaryDividend |
Oct 30, 2020 | $0.000 | OrdinaryDividend |
Sep 30, 2020 | $0.000 | OrdinaryDividend |
Aug 31, 2020 | $0.000 | OrdinaryDividend |
Jul 31, 2020 | $0.000 | OrdinaryDividend |
May 29, 2020 | $0.000 | OrdinaryDividend |
Apr 30, 2020 | $0.001 | OrdinaryDividend |
Jan 31, 2020 | $0.001 | OrdinaryDividend |
Dec 31, 2019 | $0.001 | OrdinaryDividend |
Dec 08, 2016 | $0.000 | CapitalGainShortTerm |
Dec 08, 2016 | $0.001 | CapitalGainLongTerm |
Dec 08, 2015 | $0.000 | CapitalGainShortTerm |
Dec 08, 2015 | $0.000 | CapitalGainLongTerm |
Dec 08, 2014 | $0.000 | CapitalGainShortTerm |
Dec 06, 2013 | $0.000 | CapitalGainShortTerm |
Dec 06, 2013 | $0.000 | CapitalGainLongTerm |
Dec 07, 2012 | $0.000 | CapitalGainShortTerm |
Dec 08, 2011 | $0.000 | CapitalGainShortTerm |
Dec 21, 2009 | $0.000 | CapitalGainShortTerm |
Dec 10, 2009 | $0.000 | CapitalGainLongTerm |
Dec 18, 2008 | $0.000 | CapitalGainLongTerm |
Dec 11, 2008 | $0.000 | CapitalGainShortTerm |
Dec 13, 2007 | $0.000 | CapitalGainShortTerm |
USEXX - Fund Manager Analysis
Managers
Cody Perkins
Start Date
Tenure
Tenure Rank
Aug 01, 2018
3.83
3.8%
Cody Perkins , CFA, Victory Capital Senior Portfolio Manager – USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since October 2018. Mr. Perkins has 24 years of investment management experience, 18 years of which were with AMCO, which was acquired by the Adviser’s parent company in 2019. He holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Andrew Hattman
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Andrew Hattman, CFA, CAIA, Victory Capital Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has eight years of investment management experience, all of which have been with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Mr. Hattman holds CFA and CAIA designations.
Lauren Spalten
Start Date
Tenure
Tenure Rank
Aug 01, 2021
0.83
0.8%
Lauren Spalten is a Portfolio Manager with USAA Investments, A Victory Capital Investment Franchise, and has managed the Funds since March 2021. In 2018, Ms. Spalten joined USAA Investments as a Municipal Analyst covering the Southeast region. Prior to joining USAA, Lauren was an Associate Director at Standard & Poor's (now S&P Global Ratings), where she specialized in evaluating creditworthiness of state and local governments across the Southwest United States. Lauren has additional experience in commercial real estate development and business plan development, primarily for medical and non-profit entities.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.83 | 27.88 | 14.18 | 15.26 |