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Look at USAA Tax Exempt Long-Term Fund (USTEX)

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USAA Tax Exempt Long-Term Fund ( USTEX ) seeks to provide investors with interest income that is exempt from federal income tax. USTEX invests primarily in investment-grade tax-exempt securities differentiated by maturity limitations. USTEX invests its assets in securities, the interest from which, in the opinion of counsel to the issuer, is excluded from gross income for federal income tax purposes but is subject to state and local taxes.

This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 4.4% and 5 year 4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

USTEX's performance, as of the last filing, when compared to funds in its category was in the top 44% over the past 1 year, and in the top 32% over the past 3 years and in the top 23% over the past 5 years.

This Zacks Rank #2 (Buy) was incepted in March 1982 and is managed by USAA Group . USTEX carries an expense ratio of 0.51% and requires a minimal initial investment of $3,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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