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Mutual Fund Insights: USAA Tax Exempt Long-Term Fund (USTEX)

In-depth Analysis of USAA Tax Exempt Long-Term Fund (USTEX)

Mutual fund chart: USAA Tax Exempt Long-Term Fund (USTEX)

3 months
6 months
1 year
3 year
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See USAA Tax Exempt Long-Term Fund (USTEX) performance details as of January 31, 2010

  

    Last Trade: $12.90 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - John C Bonnell

Fund Manager Tenure: 3.6 years
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)
Bonnell has 17 years of investment management experience. Prior to joining IMCO, he worked for OppenheimerFunds as a vice president and portfolio manager (May 2004 - July 2006). Bonnell holds the Chartered Financial Analyst designation.  Get more insights on John C Bonnell

  

What we like about USAA Tax Exempt Long-Term Fund (USTEX) What we like about USAA Tax Exempt Long-Term Fund (USTEX)

Data for USAA Tax Exempt Long-Term Fund (USTEX) as of January 31, 2010

  • USAA Tax Exempt Long-Term Fund (USTEX) management has been with USAA Tax Exempt Long-Term Fund for 3.6 years
  • USAA Tax Exempt Long-Term Fund (USTEX) has good short-term performance (1-year return 16.64% vs 12.81% Muni National Long category average)
  • USAA Tax Exempt Long-Term Fund (USTEX) has good mid-term performance (3-year return 2.71% vs 2.61% Muni National Long category average)
  • USAA Tax Exempt Long-Term Fund (USTEX) has good Long-term performance (5-year return 3.07% vs 2.89% Muni National Long category average)
  • USAA Tax Exempt Long-Term Fund (USTEX) ratio of up-years vs down years is greater than 2
  • USAA Tax Exempt Long-Term Fund (USTEX) has a Morningstar rating of 4 and above
  • USAA Tax Exempt Long-Term Fund (USTEX) has a lower management fee than its Muni National Long average: 0.44% vs 1.02%
  • USAA Tax Exempt Long-Term Fund (USTEX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about USAA Tax Exempt Long-Term Fund (USTEX) What we are cautious about USAA Tax Exempt Long-Term Fund (USTEX)

Data for USAA Tax Exempt Long-Term Fund (USTEX) as of January 31, 2010

  • USAA Tax Exempt Long-Term Fund (USTEX) is less safe compared to its Muni National Long peers
  • USAA Tax Exempt Long-Term Fund (USTEX) does not have a good risk adjusted return as its 3-year Alpha of -2.57 is worse than category average of -2.36, and its 3-year Sharpe ratio is 0.12
  • USAA Tax Exempt Long-Term Fund (USTEX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.61 that is higher than category average of 7.62
See USAA Tax Exempt Long-Term Fund (USTEX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Muni National Long category?

Below are some additional Muni National Long mutual funds generated out of our database

  

USAA Tax Exempt Long-Term Fund (USTEX) Net Asset

Track net asset change of USAA Tax Exempt Long-Term fund (USTEX)

DateNet Asset
01/2010$2.33B
11/2009$2.29B
10/2009$2.31B
More historic net asset information on USAA Tax Exempt Long-Term Fund (USTEX)

  

USAA Tax Exempt Long-Term Fund (USTEX) Portfolio Allocation

Track portfolio allocation change of USAA Tax Exempt Long-Term fund (USTEX)

DateCashStockBondOther
09/20090.01%0%99.99%0%
06/20090%0%100%0%
03/20090%0%100%0%
Click here to see more historic asset allocation information on USAA Tax Exempt Long-Term Fund (USTEX)

  

Most Recent Top 10 Holdings in USAA Tax Exempt Long-Term Fund (USTEX)

Discover what USAA Tax Exempt Long-Term Fund (USTEX) manager is buying

30-Sep-09
Regl Transn Auth 6.5% [2.07%]
MASHANTUCKET WESTERN PEQUOT TR SUB SPL R [1.66%]
District Columbia G.O. Bds 5.5% [1.62%]
Regl Transn Auth 5.75% [1.28%]
Maine St Tpk Auth 5.75% [1.25%]
Farmington N Mex Pollutn Ctl R Re 4.875% [1.22%]
Univ Med Ctr Corp Ariz H Hosp 5% [1.16%]
Harris Cnty Tex Ref Bds 4.75% [1.12%]
Bell Cnty Tex Health Facs Dev Rev B 6.5% [1.06%]
Texas St Vets Ld Brd Vets Hm Ref R 6.25% [1.05%]

30-Jun-09
Regl Transn Auth 6.5% [2.15%]
District Columbia G.O. Bds 5.5% [1.78%]
Mashantucket Western Pequot Tr Sub 5.75% [1.68%]
Maine St Tpk Auth 5.75% [1.38%]
Regl Transn Auth 5.75% [1.31%]
Harris Cnty Tex Ref Bds 4.75% [1.17%]
New York N Y G.O. Bds 5.75% [1.13%]
Bell Cnty Tex Health Facs Dev Rev B 6.5% [1.13%]
Farmington N Mex Pollutn Ctl R Re 4.875% [1.12%]
Texas St Vets Ld Brd Vets Hm Ref R 6.25% [1.11%]

31-Mar-09
Regl Transn Auth 6.5% [2.17%]
District Columbia G.O. Bds 5.5% [1.89%]
Mashantucket Western Pequot Tr Sub 5.75% [1.75%]
Maine St Tpk Auth 5.75% [1.48%]
Regl Transn Auth 5.75% [1.39%]
Kent St Univ Ohio Univ Revs Rev Bds 3.9% [1.25%]
Harris Cnty Tex Ref Bds 4.75% [1.22%]
New York N Y G.O. Bds 5.75% [1.21%]
Bell Cnty Tex Health Facs Dev Rev B 6.5% [1.19%]
Texas St Vets Ld Brd Vets Hm Ref R 6.25% [1.18%]
Click here for Stock Holding Change Map in USAA Tax Exempt Long-Term Fund (USTEX)

  

Related books and products to USAA Tax Exempt Long-Term Fund (USTEX)

  

Latest News on USAA Tax Exempt Long-Term (USTEX)

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