The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UTESX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the UTESX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of UTESX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A new era is under way.
Tom Murphy
Senior Analyst
Summary
Victory Tax Exempt Short-Term’s new leadership team and its straightforward approach to munis have yet to demonstrate an edge over peers.