USAA Tax Exempt Long-Term
9800 Fredericksburg Road San Antonio TX 78288-0227
Map
Phone: 800-531-8722
| Category: | Muni National Long | | Fund Family: | USAA | | Net Assets: | 2.03B | | Year-to-Date Return: | -9.90% | | Yield: | 5.66% | | Morningstar Rating: |  | | Fund Inception Date: | 19-Mar-82 |
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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. |
| Min Initial Investment: | $3,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks interest income exempt from federal income tax. The fund invests primarily in municipal securities. At least 80% of its annual income is ordinarily exempt from federal income tax and the Alternative Minimum Tax. At least 50% of the fund's securities are rated A or higher; the remainder may be rated no lower than BBB at the time of purchase. The average weighted maturity is typically 10 or more years. |
| Last Dividend
(31-Oct-08):
| 0.06 | | Last Cap Gain
(13-Dec-07):
| 0.04 | | Annual Holdings Turnover
| 32.00% | | Average for Category:
| 47.77% |
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| Expense | USTEX | Category
Avg | | Total Expense Ratio: | 0.48%
| 1.08% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.33% | | Max Deferred Sales Load: | 0.00%
| 2.66% | | 3 Yr Expense Projection*: |
$154 | $557 | | 5 Yr Expense Projection*: |
$269 | $803 | | 10 Yr Expense Projection*: |
$604 | $1,501 |
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2.63% Nasdaq 0.00%
0.01 (0.09%) 
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