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USAA Tax Exempt Long-Term (USTEX)On Dec 3: 12.82  Up 0.01 (0.08%)  
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Profile  As of 31-Oct-09Get Profile for:
USAA Tax Exempt Long-Term
9800 Fredericksburg Road San Antonio TX 78288-0227
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Phone: 800-531-8722
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FUND OVERVIEW 
Category:Muni National Long
Fund Family:USAA
Net Assets:2.31B
Year-to-Date Return:21.10%
Yield:5.17%
Morningstar Rating:4 stars
Fund Inception Date:19-Mar-82
MORNINGSTAR STYLE BOX 
Muni National Long
[View Category Definition]
View Top Muni National Long Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION 
John C Bonnell
Lead Manager since 31-Aug-06
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.
INVESTMENT INFORMATION 
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
USTEX can be purchased from 14 brokerages.
FUND SUMMARY 
The investment seeks interest income exempt from federal income tax. The fund invests primarily in investment-grade securities the interest on which is exempt from federal income tax. It invests at least 80% of the fund's net assets will consist of tax-exempt securities. The Fund's dollar-weighted average portfolio maturity is 10 years or more.
FUND OPERATIONS 
Last Dividend (30-Oct-09): 0.06
Last Cap Gain (11-Dec-08): 0.03
Annual Holdings Turnover 13.00%
Average for Category: 51.28%
FEES & EXPENSES 
ExpenseUSTEXCategory
Avg
Total Expense Ratio:0.44% 1.01%
Max 12b1 Fee:% N/A
Max Front End Sales Load:% 4.27%
Max Deferred Sales Load:% 2.69%
3 Yr Expense Projection*: $ 141$543
5 Yr Expense Projection*: $ 246$790
10 Yr Expense Projection*: $ 555$1,478
* Per $10,000 invested


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