USAA Tax Exempt Short Term Fund

Scorecard
4 / 5 Stars
Lipper
4 4 5 1 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A- (Buy)

U.S. News evaluated 48 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.56 percent over the past year, 2.30 percent over the past three years, 2.87 percent over the past five years, and 2.58 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 0.6%
1 Year 0.6%
3 Years (Annualized) 2.3%
5 Years (Annualized) 2.9%
10 Years (Annualized) 2.6%

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Summary

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 three years or less.

Fees

Fees are Above Average compared to funds in the same category.
USAA Tax Exempt Short Term Fund has an expense ratio of 0.80 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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