USAA Tax Exempt Intermediate-Term employs a patient, straightforward approach, but its emphasis on income can bring elevated credit risk, and its lean team has seen churn. It earns a Morningstar Analyst Rating of Neutral for all rated share classes.
Will USATX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USATX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the USATX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of USATX’s parent organization’s priorities and whether they’re in line with investors’ interests.