Free newsletter
Home
Top Funds
Top Themes
Index Fund Center
Target-date Funds
News
Newsletter
Articles
Advisors

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

USTEX USAA Tax Exempt Long-Term

  • Fund
  • USTEX
  • Price as of: Apr 24, 2019
  • $13.29 + $0.03 + 0.23%
  • Category
  • National Munis
Profile Performance Holdings Expenses Distributions Managers Read Next

USTEX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $2.37 B
  • Holdings in Top 10 11.4%

52 WEEK LOW AND HIGH

$13.29
$12.84
$13.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.47%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name USAA Tax Exempt Long Term Fund
  • Fund Family Name USAA
  • Inception Date Mar 19, 1982
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund invests primarily in investment-grade securities the interest from which is excludable from gross income for federal income tax (referred to herein as "tax-exempt securities"). During normal market conditions, at least 80% of its net assets will consist of tax-exempt securities. The fund's dollar-weighted average portfolio maturity is 10 years or more. At least 80% of the fund's annual net investment income dividends will be tax-exempt and excludable from the calculation of the federal alternative minimum tax for individual taxpayers.

USTEX - Performance

Return Ranking - Trailing

Period USTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 3.7% 46.44%
1 Yr 1.5% -2.7% 4.6% 62.90%
3 Yr -1.2%* -2.9% 1.7% 80.65%
5 Yr -0.4%* -1.8% 2.1% 84.23%
10 Yr 1.1%* -8.9% 3.3% 21.17%

* Annualized

Return Ranking - Calendar

Period USTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -4.8% 0.8% 82.14%
2017 1.7% -0.9% 5.6% 44.38%
2016 -3.3% -6.1% 7.3% 81.87%
2015 -0.9% -10.9% 2.6% 88.59%
2014 6.0% -60.4% 12.0% 32.77%

Total Return Ranking - Trailing

Period USTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 3.8% 48.81%
1 Yr 1.5% -2.5% 7.1% 66.07%
3 Yr -1.2%* -2.9% 3.1% 84.11%
5 Yr -0.4%* -1.8% 3.7% 87.97%
10 Yr 1.1%* -8.9% 4.9% 29.14%

* Annualized

Total Return Ranking - Calendar

Period USTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -4.8% 1.7% 85.12%
2017 1.7% -0.9% 6.2% 52.61%
2016 -3.3% -6.1% 7.3% 85.13%
2015 -0.9% -9.6% 3.9% 90.22%
2014 6.0% -60.4% 12.0% 35.08%

NAV & Total Return History

USTEX - Holdings

Concentration Analysis

USTEX Category Low Category High USTEX % Rank
Net Assets 2.37 B 775 K 65.3 B 30.63%
Number of Holdings 525 3 8026 32.87%
Net Assets in Top 10 263 M -224 M 1.76 B 23.76%
Weighting of Top 10 11.39% 2.5% 100.0% 64.75%

Top 10 Holdings

  1. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.05% 2.13%
  2. REGIONAL TRANSN AUTH ILL 6.5% 2.12%
  3. CALIFORNIA POLLUTN CTL FING AUTH POLLUTN CTL REV 5% 1.62%
  4. REGIONAL TRANSN AUTH ILL 5.75% 1.09%
  5. TENDER OPT BD TR RCPTS / CTFS VAR STS 2.09% 0.95%
  6. TENDER OPT BD TR RCPTS / CTFS VAR STS 2.09% 0.88%
  7. TENDER OPT BD TR RCPTS / CTFS VAR STS 2.14% 0.87%
  8. NEW JERSEY ECONOMIC DEV AUTH REV 3.34% 0.86%
  9. LIBERTY N Y DEV CORP REV 5.25% 0.86%
  10. MIAMI-DADE CNTY FLA AVIATION REV 5.38% 0.84%

Asset Allocation

Weighting Return Low Return High USTEX % Rank
Bonds 		100.00% 66.80% 105.94% 8.32%
Stocks 		0.00% 0.00% 0.02% 41.58%
Preferred Stocks 		0.00% 0.00% 9.24% 41.58%
Other 		0.00% -1.35% 30.00% 45.94%
Convertible Bonds 		0.00% 0.00% 2.54% 41.78%
Cash 		0.00% -5.94% 29.34% 86.73%

Bond Sector Breakdown

Weighting Return Low Return High USTEX % Rank
Municipal 		100.00% 0.00% 115.16% 8.12%
Derivative 		0.00% 0.00% 0.01% 41.98%
Cash & Equivalents 		0.00% -7.72% 29.34% 85.94%
Securitized 		0.00% 0.00% 25.65% 43.56%
Corporate 		0.00% 0.00% 39.97% 49.90%
Government 		0.00% -16.67% 71.35% 41.78%

Bond Geographic Breakdown

Weighting Return Low Return High USTEX % Rank
US 		99.92% 52.43% 102.07% 6.53%
Non US 		0.08% 0.00% 27.66% 56.63%

USTEX - Expenses

Operational Fees

USTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.08% 4.80% 86.56%
Management Fee 0.27% 0.00% 0.65% 12.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.34% 74.80%

Sales Fees

USTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

USTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover 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.

USTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 504.54% 15.02%

USTEX - Distributions

Dividend Yield Analysis

USTEX Category Low Category High USTEX % Rank
Dividend Yield 0.03% 0.00% 0.31% 25.89%

Dividend Distribution Analysis

USTEX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History

View More History

Net Income Ratio Analysis

USTEX Category Low Category High USTEX % Rank
Net Income Ratio 3.83% 0.01% 4.95% 4.74%

Capital Gain Distribution Analysis

USTEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

USTEX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

7.83

Category Mode

4.07

Help & Info
Free Newsletters
Explore MutualFunds.com
Education
Legal

Advertise With Us

© 2019 Mitre Media

X