UITB is an actively managed bond fund that offers exposure to a wide variety of securities. Holdings come from the municipal, corporate, and asset-backed spaces, and have a dollar-weighted average maturity of three to ten years. Generally, UITB focuses on investment-grade securities, however the fund is allowed to place up to 25% of the portfolio in high-yield bonds. UITB may also invest up to 20% in emerging marketsthese allowances increase the funds return potential, as well as its risk profile. Prior to April 24, 2023, the fund was named VictoryShares USAA Core Intermediate-Term Bond ETF.