# Victory Tax Exempt Long-Term Fund

Victory Tax Exempt Long-Term Fund is a registered fund series of Victory Portfolios III (series S000012904). Net assets $1.6B as of 2026-05-31.

## Profile

- Series ID: S000012904
- Registrant: Victory Portfolios III
- LEI: 549300N6GW3Z51RFKK71
- Net assets: $1.6B
- Total assets: $1.6B
- As of: 2026-05-31

## Advisers

- [Victory Capital Management Inc. (Advisor)](https://search.stillhousedata.com/firm/106189)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [REGIONAL TRANSN AUTH ILL](https://search.stillhousedata.com/security/759911PX2) | — | $41.0M | 257.16% |
| [MIAMI-DADE CNTY FLA WTR & SWR REV](https://search.stillhousedata.com/security/59334DLT9) | — | $21.1M | 132.35% |
| [MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV](https://search.stillhousedata.com/security/606042CH0) | — | $16.8M | 105.72% |
| [TEXAS ST TPK AUTH CENT TEX TPK SYS REV](https://search.stillhousedata.com/security/882762AU1) | — | $16.2M | 101.52% |
| [HARRIS CNTY TEX HOSP DIST REV](https://search.stillhousedata.com/security/41415WCR1) | — | $14.2M | 89.10% |
| [CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV](https://search.stillhousedata.com/security/154871CP0) | — | $14.0M | 87.76% |
| [NEW JERSEY ST TRANSN TR FD AUTH](https://search.stillhousedata.com/security/6461365Q0) | — | $13.7M | 86.29% |
| [SANGAMON CNTY ILL WTR RECLAMATION DIST](https://search.stillhousedata.com/security/800768AF0) | — | $13.6M | 85.61% |
| [ILLINOIS FIN AUTH REV](https://search.stillhousedata.com/security/45204EHW1) | — | $12.2M | 76.61% |
| [LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV](https://search.stillhousedata.com/security/52349EDX5) | — | $12.2M | 76.39% |
| [GAINESVILLE & HALL CNTY GA HOSP AUTH REV ANTIC CTFS](https://search.stillhousedata.com/security/362762PS9) | — | $12.1M | 75.99% |
| [LAS VEGAS NEV CONVENTION & VISITORS AUTH REV](https://search.stillhousedata.com/security/517704EV0) | — | $11.4M | 71.85% |
| [CLIFTON TEX HIGHER ED FIN CORP ED REV](https://search.stillhousedata.com/security/187145KS5) | — | $10.5M | 65.65% |
| [MASSACHUSETTS ST DEV FIN AGY REV](https://search.stillhousedata.com/security/57584YJW0) | — | $10.1M | 63.18% |
| [ROSEMONT ILL](https://search.stillhousedata.com/security/777543WW5) | — | $10.0M | 62.83% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-05-31 | $1.6B |
| 2026-02-28 | $1.6B |
| 2025-11-30 | $1.6B |
| 2025-08-31 | $1.6B |
| 2025-05-31 | $1.6B |
| 2025-02-28 | $1.7B |
| 2024-11-30 | $1.7B |
| 2024-08-31 | $1.7B |

## More

- [Registrant: Victory Portfolios III](https://search.stillhousedata.com/registrant/908695)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000012904.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.