# Portfolio overlap — UTEIX vs USSTX Comparing **Victory Tax Exempt Intermediate-Term Fund** (2026-02-28) and **Victory Tax Exempt Short-Term Fund** (2026-02-28). - Shared positions: 33 - Victory Tax Exempt Intermediate-Term Fund covered by Victory Tax Exempt Short-Term Fund: 0.06486736960251385863808567419 - Victory Tax Exempt Short-Term Fund covered by Victory Tax Exempt Intermediate-Term Fund: 0.06486736960251385863808567420 ## Victory Tax Exempt Intermediate-Term Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PORT PORT ARTHUR TX NAV DIST VAR-MOTIVA ENTERPRISES PJ-A | 0.010469 | ✓ | | MO ENVIRON IMP 2.9% 9/1/2033 | 0.008458 | | | REGIONAL TRANSPORTATION AUTHORITY | 0.008398 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.007832 | | | PENNSYLVANIA TURNPIKE COMMISSION | 0.007133 | | | CHICAGO IL BRD OF EDU | 0.007114 | | | N TX HWY CABS-REF-1ST | 0.006635 | | | Black Belt Energy Gas District, Series 2025 A | 0.006220 | ✓ | | LOWER AL GAS DIST GAS PROJ REVENUE | 0.005862 | | | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 5, Series 2023A | 0.005685 | | | COUNTY OF TRIMBLE KY TRMENV 06/33 FIXED 3.75 | 0.005390 | | | IOWA FINANCE AUTHORITY | 0.005372 | | | N TX TOLLWAY AUTH REVENUE NRTTRN 01/43 FIXED 4 | 0.005024 | | | ILLINOIS ST FIN AUTH WTR FAC R REGD V/R B/E 2.45000000 | 0.004870 | | | GREAT LAKES WATER AUTHORITY WATER SUPPLY SYSTEM RE | 0.004843 | | | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR | 0.004836 | ✓ | | PORT OF PORT ARTHUR TX NAV DIST | 0.004832 | ✓ | | LOUISIANA PUBLIC FACILITIES AUTHORITY | 0.004791 | | | STATE PUBLIC SCH BLDG AUTH PASCH REVENUE | 0.004697 | | | IL CHITRN 5.25 01/01/2048 | 0.004656 | | | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C | 0.004544 | ✓ | | UNIVERSITY OF ILLINOIS AUXILIARY FACILITIES SYSTEM 4.0% 04-01-33 | 0.004440 | | | REGIONAL TRANSPORTATION AUTHORITY | 0.004224 | | | INDIANA FINANCE AUTHORITY | 0.004142 | | | COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE | 0.003900 | | | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/30 FIXED 5 | 0.003788 | | | MA ST DEV FIN -J2 | 0.003645 | | | PHOENIX AZ INDL DEV AUTH EDU REVENUE | 0.003635 | | | ST PUB SCH BLDG-A-REF | 0.003624 | | | ILLINOIS ST EDUCTNL FACS AUTH | 0.003573 | | | MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY | 0.003562 | | | WESTLAKE CORP 3.5% 11-01-32 | 0.003555 | | | SCHOOL DISTRICT OF PHILADELPHIA THE | 0.003554 | | | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE | 0.003510 | | | MET TRANSPRTN AUTH NY REVENUE | 0.003504 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.003501 | | | Tender Option Bond Trust Receipts/Certificates | 0.003497 | ✓ | | ARLINGTON TX HGR EDU FIN CORP REGD OID B/E PSF-GTD 4.00000000 | 0.003487 | | | Tender Option Bond Trust Receipts/Certificates | 0.003460 | ✓ | | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.003433 | | | COUNTY OF BROWARD FL TOURIST DEVELOPMENT TAX REVEN | 0.003386 | | | NY MTA TRANSP 4% 11/15/2035 | 0.003278 | | | Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West Chester University of Pennsylvania) | 0.003263 | | | TX EXXON 12 G=EXXON V1 | 0.003202 | | | LOUISIANA PUBLIC FACILITIES AUTHORITY | 0.003181 | | | PUBLIC SERVICE CO OF NEW MEXICO 2.15% 04-01-33 | 0.003175 | | | CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | 0.003175 | | | CO ST HLTH FACS AUTH | 0.003073 | | | CITY OF SPRINGFIELD IL | 0.003027 | | | CITYPLACE COMMUNITY DEVELOPMENT DISTRICT | 0.003015 | | ## Victory Tax Exempt Short-Term Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PORT PORT ARTHUR TX NAV DIST VAR-MOTIVA ENTERPRISES PJ-A | 0.037600 | ✓ | | ONE BRYANT PARK LLC | 0.022436 | | | MAIN STR NAT GA 5% MT | 0.021599 | | | PORT OF PORT ARTHUR TX NAV DIST | 0.020231 | ✓ | | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | 0.017161 | ✓ | | METROPOLITAN TRANSPORTATION AUTHORITY | 0.015945 | | | Owen County, Kentucky, Waterworks System Revenue Bonds, Kentucky-American Water Company Project, Refunding Series 2019A | 0.015661 | | | State of Illinois, Series C | 0.014888 | | | PORT PORT ARTHUR TEX NAV DIST MOTIVA ENTERPRISES-C | 0.012369 | ✓ | | CORTLAND NY | 0.011984 | ✓ | | TOWNSHIP OF IRVINGTON NJ | 0.011760 | | | MUNIBOND | 0.010179 | | | GILLIAM WST VAR-CONV | 0.010160 | | | MAIN STR NAT GA 5% 12/1/2052 MT | 0.010151 | | | DEUTSCHE BANK SPEARS LIFERS TRUST | 0.009338 | ✓ | | DEUTSCHE-SPEARS-8153 | 0.009306 | | | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR | 0.008678 | ✓ | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.008615 | | | California Community Choice Financing Authority, Series C | 0.008603 | | | Energy Southeast Cooperative District, Alabama, Energy Supply Revenue Bonds, Series 2025B | 0.008461 | ✓ | | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE | 0.008120 | | | MICHIGAN ST STR VAR MT@ | 0.008080 | | | NJ HGR ED STUD LOAN 25-2 MT@ | 0.008006 | | | PENNSYLVANIA ST ECON DEV FING REGD V/R B/E AMT 4.00000000 | 0.007980 | | | KENTUCKY ST ECON DEV FIN AUTH HLTH CARE REVENUE | 0.007979 | | | DEUTSCHE-SPEARS-8161 | 0.007975 | | | DEUTSCHE SPEARS-8178 | 0.007975 | ✓ | | CITY OF FULTON NY | 0.007907 | | | KENTUCKY UTILITIES CO | 0.007895 | | | OWEN CNTY-B-REF | 0.007740 | | | COBB COUNTY GA DEV AUTH | 0.007666 | ✓ | | Selma Industrial Development Board, International Paper Co. Projects, Series 2019A | 0.007337 | | | PUBLIC SERVICE CO OF NEW MEXICO 2.15% 04-01-33 | 0.007176 | | | NORTON HEALTHCARE OBLIGATED GROUP (MPT) 5.0% 10-01-47 | 0.006889 | | | TN TGYPWR 12/01/2051 | 0.006760 | | | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB | 0.006745 | | | BLACK BELT ENERGY GAS DISTRICT | 0.006683 | | | ARKANSAS DEV FIN AUTH | 0.006519 | | | MS BUSINESS FIN CORP | 0.006384 | ✓ | | BLACK BELT ENERGY GAS VAR | 0.006169 | | | TANGIPAHOA PARISH HOSPITAL SERVICE DISTRICT NO 1 | 0.006065 | | | POMPANO BEACH FL REVENUE REGD B/E 3.50000000 | 0.005682 | | | Development Authority of Burke County (The), Series 2009-1 | 0.005582 | ✓ | | CITY OF BRIDGEPORT CT | 0.005566 | | | TX LAVMFH 11/01/2044 | 0.005538 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1 | 0.005490 | | | PA CHEDEV 5 03/01/2027 | 0.005434 | | | ILLINOIS ST FIN AUTH REVENUE REGD V/R B/E 3.78900000 | 0.005393 | | | DFW ARPT 5% 11/1/2050 MT @ | 0.005361 | | | BLACK BELT ENERGY GAS FRN | 0.005318 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-003001` (as of 2026-02-28) - N-PORT (fund B) — accession `0001004726-26-003004` (as of 2026-02-28) --- _Informational only — not investment advice. 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