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USAA Tax Exempt Intermediate-Term (USATX) Fund Ranking and Research

Ranking, Research and Recommendation of USAA Tax Exempt Intermediate-Term (USATX) Fund

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Graph of USAA Tax Exempt Intermediate-Term Fund (USATX) ManagerFund Manager - Regina G. Shafer

Fund Manager Information

Fund Manager Tenure: 16.6 years
Fund Family: USAA
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.74)     (What does this score mean?)
Shafer joined USAA Investment Management Company in 1991. She worked for five years in mutual fund support, performing accounting and reporting functions for fund portfolios. In 1996, she moved to a position as a fixed-income securities analyst before being named a portfolio manager in 1999. Shafer holds the Certified Public Accountant and Chartered Financial Analyst designation.  Get more insights on Regina G. Shafer

 

Graph of USAA Tax Exempt Intermediate-Term Fund (USATX) ProfileUSAA Tax Exempt Intermediate-Term Fund (USATX) Profile

Fund Profile and Description

USAA Tax Exempt Intermediate-Term Fund seeks interest income exempt from federal income tax. USAA Tax Exempt Intermediate-Term Fund invests primarily in municipal obligations. At least 80% of annual interest income is typically exempt from regular federal income tax and the Alternative Minimum Tax. At least 50% of the municipal securities purchased by the fund are rated A or higher; the remainder may be rated no lower than BBB at the time of purchase. The average-weighted maturity typically ranges between 3 and 10 years.

 

USAA Tax Exempt Intermediate-Term (USATX) Fund Strength What we like about USAA Tax Exempt Intermediate-Term (USATX) Fund

Data for USAA Tax Exempt Intermediate-Term Fund (USATX) as of May 30, 2016

  • USAA Tax Exempt Intermediate-Term Fund (USATX) management has been with USAA Tax Exempt Intermediate-Term Fund for 16.6 years
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has good short-term performance (1-year return 5.22% vs 4.71% Muni National Interm category median performance)
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has good mid-term performance (3-year return 3.51% vs 3.10% Muni National Interm category median performance)
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has good Long-term performance (5-year return 4.92% vs 4.14% Muni National Interm category median performance)
  • USAA Tax Exempt Intermediate-Term Fund (USATX) ratio of up-years vs down years is greater than 2
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has a Morningstar rating of 4 and above
  • Asset base in USAA Tax Exempt Intermediate-Term Fund (USATX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has an annual stock turnover rate of 10.00% vs Muni National Interm average of 22.40%. It is good that USAA Tax Exempt Intermediate-Term management does not trade extensively for its return.
  • USAA Tax Exempt Intermediate-Term Fund (USATX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.69, lower than category average of 3.29
  • USAA Tax Exempt Intermediate-Term Fund (USATX) has a lower expense ratio than its Muni National Interm average: 0.54% vs 0.80%
  • USAA Tax Exempt Intermediate-Term Fund (USATX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

USAA Tax Exempt Intermediate-Term Fund (USATX) Weakness What we are cautious about USAA Tax Exempt Intermediate-Term (USATX) Fund

Data for USAA Tax Exempt Intermediate-Term Fund (USATX) as of May 30, 2016

See USAA Tax Exempt Intermediate-Term Fund (USATX) performance details as of May 30, 2016

 

What do you think?

 

Compare USAA Tax Exempt Intermediate-Term Fund (USATX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
USAA Tax Exempt Intermediate-Term2.525.223.514.92
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
Vanguard High-Yield Tax-Exempt Adm (VWALX)3.617.475.086.49Compare

See top fund managers for Muni National Interm Category Funds

 

Compare USAA Tax Exempt Intermediate-Term Fund (USATX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of USAA Tax Exempt Intermediate-Term Fund (USATX) Net Asset TrackingUSAA Tax Exempt Intermediate-Term (USATX) Fund Net Asset

Track net asset change of USAA Tax Exempt Intermediate-Term fund (USATX)

DateNet Asset
05/2016$4.52B
03/2016$4.36B
02/2016$4.29B
More historic net asset information on USAA Tax Exempt Intermediate-Term Fund (USATX)

  

Graph of USAA Tax Exempt Intermediate-Term Fund (USATX) Portfolio TrackingUSAA Tax Exempt Intermediate-Term (USATX) Fund Portfolio Allocation

Track portfolio allocation change of USAA Tax Exempt Intermediate-Term fund (USATX)

DateCashStockBondOther
03/20160.91%0%99.09%0%
12/20151.3%0%98.7%0%
09/20151.06%0%98.94%0%
Click here to see more historic asset allocation information on USAA Tax Exempt Intermediate-Term Fund (USATX)

 

graph of USAA Tax Exempt Intermediate-Term Fund (USATX) Top 10 Position TrackingTop 10 Holdings in USAA Tax Exempt Intermediate-Term (USATX) Fund

Discover what USAA Tax Exempt Intermediate-Term Fund (USATX) manager is buying

Mar 30, 2016
St James Parish La Rev Var Rev B 0.45% [1.11%]
Harris Cnty Tex Indl Dev Corp Rev Bds 5% [1.08%]
Golden St Tob Securitization C Enhanced [0.9%]
St James Parish La Rev Var Rate 0.39% [0.9%]
California St Go Bds 5.75% [0.78%]
Denver Colo Health & Hosp Auth 4.75% [0.78%]
Ohio St Wtr Dev Auth 4% [0.77%]
Arizona Health Facs Auth 1.87% [0.75%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.73%]
Arkansas Dev Fin Auth 0.03% [0.71%]

Dec 30, 2015
St James Parish La Rev Var Rev B 0.45% [1.11%]
Harris Cnty Tex Indl Dev Corp Rev Bds 5% [1.08%]
Golden St Tob Securitization C Enhanced [0.9%]
St James Parish La Rev Var Rate 0.39% [0.9%]
California St Go Bds 5.75% [0.78%]
Denver Colo Health & Hosp Auth 4.75% [0.78%]
Ohio St Wtr Dev Auth 4% [0.77%]
Arizona Health Facs Auth 1.87% [0.75%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.73%]
Arkansas Dev Fin Auth 0.03% [0.71%]

Sep 29, 2015
St James Parish La Rev Var Rev B 0.35% [1.14%]
Harris Cnty Tex Indl Dev Corp Rev Bds 5% [1.11%]
St James Parish La Rev Var Rate 0.33% [0.93%]
Golden St Tob Securitization C Enhanced [0.9%]
California St Go Bds 5.75% [0.81%]
Denver Colo Health & Hosp Auth 4.75% [0.81%]
Ohio St Wtr Dev Auth 4% [0.78%]
Arizona Health Facs Auth 1.86% [0.77%]
Tender Opt Bd Tr Rcpts / Ctfs Ctfs [0.75%]
Arkansas Dev Fin Auth 0.03% [0.73%]
Click here for Stock Holding Change Map in USAA Tax Exempt Intermediate-Term Fund (USATX)

  

Latest News on USAA Tax Exempt Intermediate-Term (USATX) Fund

See what is happening with USAA Tax Exempt Intermediate-Term Fund (USATX)

 

USAA Tax Exempt Intermediate-Term Fund (USATX) Related ResourcesSee more information on USAA Tax Exempt Intermediate-Term (USATX) Fund

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