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USAA Tax Exempt Intermediate-Term

USATX
13.71
+0.00
+0.02%
9/30/2016
5 Years
  • Previous Close

    13.71

  • Net Assets

    4.69B

  • Yield

    2.88%

  • Front load

    None

  • Expenses

    0.54%

  • Category

    Muni National Interm

  • Morningstar Risk

    Average

  • Morningstar Rating ★★★★★
Profile

Name of Issuer

USAA

Fund Style

Open

Fund Manager

Dale Hoffmann

Investment Style

-

The investment seeks interest income that is exempt from federal income tax. The fund invests primarily in investment-grade securities, the interest from which is exempt from 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 between three and 10 years. At least 80% of the fund's annual net investment income dividends will be excludable from gross income for federal income tax purposes and from the calculation of federal alternative minimum taxes for individual taxpayers.

Purchase Information

Initial Purchase 3,000
Initial Purchase: IRA NA
Initial Purchase: AIP NA

Inception

3/19/1982

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