USSTX — Victory Tax Exempt Short-Term Fund
Data updated: 2026-07-27
USSTX — Victory Tax Exempt Short-Term Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $621.15M AUM · 0.55% expense ratio · 4.0% 1-yr return. From SEC regulatory filings.
USSTX Fund Overview
USSTX — Victory Tax Exempt Short-Term Fund is a US mutual fund managed by Victory Portfolios III, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Victory Portfolios III
- Category: Long Municipal - National Bond
- Assets under management: $621.15M
- 1-year return: 4.0%
- Ticker: USSTX
- SEC CIK: 0000908695
- SEC series ID: S000012912
- Share class ID: C000034881
USSTX Holdings
Top 10 holdings of Victory Tax Exempt Short-Term Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| New York Liberty Dev Corp. Liberty Rev | 2.28% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 2.12% |
| Southeast Energy Auth Coop Dist Ala Energy Supply Rev | 1.66% |
| Owen Cnty Ky Wtr Facs Rev | 1.57% |
| Valley Stream N Y | 1.51% |
| Illinois St | 1.49% |
| Chandler Ariz Indl Dev Auth Indl Dev Rev | 1.22% |
| Gilliam Cnty Ore Solid Waste Disp Rev | 1.02% |
| Central Plains Energy Proj Neb Gas Proj Rev | 1.01% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.00% |
USSTX Portfolio Allocation
Asset-class allocation of Victory Tax Exempt Short-Term Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 100.0% |
USSTX Performance
Total returns for USSTX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 4.0% |
| 3 years (annualised) | 4.0% |
| 5 years (annualised) | 1.8% |
USSTX Risk Information
Risk metrics for USSTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
USSTX Costs and Fees
USSTX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 31%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
USSTX Cashflows
Over the 12 months to 2026-02, Victory Tax Exempt Short-Term Fund had net outflows of $27.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$1.18M |
| 2026-01 | −$1.23M |
| 2025-12 | −$8.76M |
| 2025-11 | −$6.78M |
| 2025-10 | −$136.90K |
| 2025-09 | −$3.03M |
USSTX Debt Constituents
Largest debt holdings of Victory Tax Exempt Short-Term Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| New York Liberty Dev Corp. Liberty Rev | 2.28% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 2.12% |
| Southeast Energy Auth Coop Dist Ala Energy Supply Rev | 1.66% |
| Owen Cnty Ky Wtr Facs Rev | 1.57% |
| Valley Stream N Y | 1.51% |
| Illinois St | 1.49% |
| Chandler Ariz Indl Dev Auth Indl Dev Rev | 1.22% |
| Gilliam Cnty Ore Solid Waste Disp Rev | 1.02% |
| Central Plains Energy Proj Neb Gas Proj Rev | 1.01% |
| Main Str Nat Gas, Inc. Ga Gas Supply Rev | 1.00% |
USSTX Prospectus and SEC Filings
Official Victory Tax Exempt Short-Term Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.