USTIX — Victory Tax Exempt Short-Term Fund
Data updated: 2026-07-27
USTIX — Victory Tax Exempt Short-Term Fund. Long Municipal - National Bond · $621.15M AUM · 0.51% expense ratio. Holdings, fees, performance and SEC filings.
USTIX Fund Overview
USTIX — 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: 3.9%
- Ticker: USTIX
- SEC CIK: 0000908695
- SEC series ID: S000012912
- Share class ID: C000220626
USTIX 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% |
USTIX 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% |
USTIX Performance
Total returns for USTIX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 3.9% |
| 3 years (annualised) | 4.1% |
| 5 years (annualised) | 1.8% |
USTIX Risk Information
Risk metrics for USTIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
USTIX Costs and Fees
USTIX costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.64%
- Portfolio turnover: 31%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
USTIX Cashflows
Over the 12 months to 2026-05, Victory Tax Exempt Short-Term Fund had net outflows of $28.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$496.64K |
| 2026-04 | −$3.76M |
| 2026-03 | −$1.55M |
| 2026-02 | −$1.18M |
| 2026-01 | −$1.23M |
| 2025-12 | −$8.76M |
USTIX 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% |
USTIX Prospectus and SEC Filings
Official Victory Tax Exempt Short-Term Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-26
- Prospectus (485BPOS) — filed 2025-06-26
- Prospectus (485BPOS) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-11
- Annual census (N-CEN) — filed 2025-05-13
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.