USAA Tax Exempt Intermediate-Term
9800 Fredericksburg Road San Antonio TX 78288-0227
Map
Phone: 800-531-8722
| Category: | Muni National Interm | | Fund Family: | USAA | | Net Assets: | 2.72B | | Year-to-Date Return: | 16.79% | | Yield: | 4.61% | | Morningstar Rating: |  | | Fund Inception Date: | 19-Mar-82 |
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Clifford A. Gladson
Lead Manager since
01-Apr-93 | | | Gladson has been an assistant vice president of fixed-income investments for USAA Investment Management since November 1994. He has been managing portfolios since March 1991, having spent the prior year as a securities analyst with the company. He has more than 10 years investment management experience. Gladson holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $3,000 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks interest income exempt from federal income tax. The fund invests primarily in municipal obligations. At least 80% of its 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 three and 10 years. |
| Last Dividend
(30-Oct-09):
| 0.05 | | Last Cap Gain
(11-Dec-08):
| 0.02 | | Annual Holdings Turnover
| 13.00% | | Average for Category:
| 38.20% |
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| Expense | USATX | Category
Avg | | Total Expense Ratio: | 0.45%
| 0.89% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 3.49% | | Max Deferred Sales Load: | %
| 2.35% | | 3 Yr Expense Projection*: |
$ 144 | $463 | | 5 Yr Expense Projection*: |
$ 252 | $696 | | 10 Yr Expense Projection*: |
$ 567 | $1,358 |
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