We cannot advise you as to the taxability of a specific investment. Here are two short excerpts from the prospectus for Victory Tax Exempt Intermediate-Term Fund.
"The Victory Tax Exempt Intermediate-Term Fund (the 'Fund') provides investors with interest income that is exempt from federal income tax."
"While the Fund is managed so that at least 80% of its annual interest income will be tax exempt, it may invest up to 20% of its assets in securities that generate income that is not tax exempt. The exemption of income for federal income tax purposes does not necessarily mean that income is exempt under the income or other tax laws of any other state or local taxing authority."
For more information contact Victory Funds.
