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Victory Tax Exempt Money Market Fund
  • Income is exempt from federal income taxes. 
  • At least 80% of income excludable from federal alternative minimum tax (AMT).
  • Low risk; money is accessible by check or online transfer.

(As of )

Yields

The 7-Day SEC Yield is based on the latest seven days as of the period’s end with dividends annualized. The yield quotation more closely reflects the current earnings of the money market portfolio than the total return quotation.

Tax Equivalent Yield is the interest rate on a taxable security that would provide a return matching that of a tax-exempt security. To calculate the taxable equivalent yield of a 5% municipal bond, divide its yield (5%) by 1 and subtract your tax rate. Investors in the 20% tax bracket would need a taxable yield of 6.25% to match a 5% tax-exempt yield.

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Past performance does not guarantee future results. The performance quoted represents past performance and current performance may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

Returns include reinvestment of dividends and capital gains. Performance for periods greater than one year is annualized.

Performance may reflect certain past fee waivers and/or expense reimbursements, without which performance would have been lower.

Net expense ratio reflects the contractual waiver and/or reimbursement of management fees through June 30, 2027.

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Distribution

(As of )

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Characteristics

Characteristics are subject to change.

The Fund's investment objective is interest income that is exempt from federal income tax and a further objective of preserving capital and maintaining liquidity. The Fund invests principally in high-quality, tax-exempt securities with maturities of 397 days or less. 

Management Team

Senior Portfolio Manager

Portfolio Manager
See full team


Carefully consider a fund's investment objectives, risks, charges, and expenses before investing. To obtain a prospectus or summary prospectus containing this and other important information, visit www.vcm.com/prospectus. Read it carefully before investing.

All investing involves risk, including the potential loss of principal.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress. 

The Fund may impose liquidity fees on redemptions subject to the Board's determination that such liquidity fees are in the best interests of the Fund. The imposition of a liquidity fee would reduce the amount you would receive upon redemption of your shares of the Fund.

Investors should obtain relevant and specific professional advice before making any investment decision. Your use of this site is subject to the Victory Capital Online Agreement.

Distributed by Victory Capital Services, Inc.

Not FDIC Insured • May Lose Value • No Bank Guarantee

20260930-5933749

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