USAA Tax Exempt Long-Term Fund

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Performance

Trailing returns

1 day   +0.01%
   
1 week
   
-0.07%  
4 week
   
-0.05%  
3 month   +1.88%
   
YTD   +4.02%
   
1 year   +6.54%
   
3 years*   +6.59%
   
5 years*   +6.04%
   
*annualized
Best 3 month return+10.39%  
Worst 3 month return-10.82%  

Morningstar statistics

Morningstar category: Muni National Long
  Return Risk Rating
3 years Above Average Average
5 years Above Average Average
10 years Above Average Above Average
Overall Above Average Above Average

Key statistics

Total assets2.51B 
Front load-  
Deferred load-  
Expense ratio0.55%  
Management fee-  
Fund familyUSAA 

Asset allocation

Cash0.56%  
Stocks0.00%  
Bonds99.44%  
Other0.00%  

Purchase information

Initial$3,000  
Additional$50  
13.890.00(0.00%)
Jul 25, 8:00PM EDT Overall Morningstar RatingTM

Description

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 10 years or more.
Fund filings (PDF) »
Asset managers:
Dale Hoffmann (Started: Dec 1, 2015)
John Bonnell (Started: Aug 31, 2006)
Advisor Company:
USAA Asset Management Company
Fund family reports on Morningstar »
USAA, P.O. Box 659453, San Antonio, Texas 78265-9825, USA
(800) 292-8177 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* 1.58 0.00 0.40 -1.06
Beta* 0.75 1.08 1.11 1.25
Mean annual return 0.60 0.49 0.52 0.42
R-squared* 85.38 93.00 93.06 86.68
Standard deviation 1.21 3.10 3.81 5.81
Sharpe ratio 5.81 1.88 1.62 0.70
* Against standard index

Top 10 holdings