UTEIX Performance — Victory Tax Exempt Intermediate-Term Fund, Class A
Data updated: 2026-07-27
UTEIX returned +1.58% year to date and +6.12% over one year to May 2026. Annualised returns are +3.94% over 3 years and +0.95% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.57% a year. In the 12 months to May 2026 the fund lost a net $204.4M, and assets reached $2.78B.
UTEIX Growth of $100
What $100 invested in Victory Tax Exempt Intermediate-Term Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | UTEIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $112 | $111 |
| 5 years (Jun 2021 – May 2026) | $105 | $104 |
| Since data start (Apr 2020 – May 2026) | $113 | $110 |
UTEIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.58% |
| 1 year | +6.12% |
| 3 years (annualised) | +3.94% |
| 5 years (annualised) | +0.95% |
UTEIX Annual Returns
Calendar-year total returns of Victory Tax Exempt Intermediate-Term Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.58% |
| 2025 | +4.19% |
| 2024 | +2.06% |
| 2023 | +5.36% |
| 2022 | −8.33% |
| 2021 | +1.87% |
| 2020 (Apr–Dec) | +6.17% |
UTEIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.2% | −1.8% | +1.1% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.7% | +1.0% | −1.4% | −0.7% | +0.2% | +0.6% | −0.4% | +0.7% | +2.1% | +1.1% | +0.1% | +0.2% |
| 2024 | −0.3% | +0.2% | +0.4% | −0.9% | −0.4% | +1.6% | +0.8% | +0.7% | +0.7% | −1.1% | +1.4% | −1.2% |
| 2023 | +2.3% | −1.8% | +1.7% | −0.1% | −0.7% | +0.8% | +0.5% | −1.2% | −2.2% | −0.8% | +5.1% | +1.8% |
| 2022 | −2.4% | −0.4% | −2.9% | −2.5% | +0.7% | −1.4% | +2.4% | −1.7% | −3.4% | −0.9% | +3.8% | +0.4% |
| 2021 | +0.8% | −1.2% | +0.6% | +0.8% | +0.3% | +0.2% | +0.8% | −0.3% | −0.6% | −0.4% | +0.7% | +0.1% |
| 2020 | — | — | — | −1.9% | +3.0% | +1.4% | +1.7% | −0.2% | +0.2% | −0.3% | +1.5% | +0.8% |
UTEIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.57%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +5.15% (Nov 2023)
- Worst month: −2.19% (Sep 2023)
UTEIX Fund Flows
Monthly money in and out of Victory Tax Exempt Intermediate-Term Fund, from SEC Form N-PORT.
- 12-month net flow: −$204.4M
- 12-month gross sales (incl. reinvestments): $450.5M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $29.0M | $29.4M | −$396K |
| Apr 2026 | $37.5M | $49.0M | −$11.5M |
| Mar 2026 | $23.7M | $36.9M | −$13.2M |
| Feb 2026 | $23.3M | $38.5M | −$15.2M |
| Jan 2026 | $36.3M | $37.1M | −$852K |
| Dec 2025 | $40.5M | $80.3M | −$39.9M |
| Nov 2025 | $27.3M | $43.4M | −$16.1M |
| Oct 2025 | $31.6M | $61.4M | −$29.7M |
| Sep 2025 | $30.7M | $46.9M | −$16.2M |
| Aug 2025 | $99.1M | $128.9M | −$29.9M |
| Jul 2025 | $39.4M | $54.4M | −$15.0M |
| Jun 2025 | $32.2M | $48.6M | −$16.4M |
UTEIX Assets Under Management
Net assets of Victory Tax Exempt Intermediate-Term Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.78B |
| 2026-02-28 | $2.84B |
| 2025-11-30 | $2.85B |
| 2025-08-31 | $2.84B |
| 2025-05-31 | $2.90B |
| 2025-02-28 | $3.05B |
| 2024-11-30 | $3.13B |
| 2024-08-31 | $3.16B |
| 2024-05-31 | $3.10B |
| 2024-02-29 | $3.20B |
| 2023-11-30 | $3.41B |
| 2023-08-31 | $3.61B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.