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USCRX USAA Cornerstone Moderately Agrsv

  • Fund
  • USCRX
  • Price as of: Dec 02, 2016
  • $24.50
  • + $0.04
  • + 0.16%
  • Category
  • Diversified Portfolio

USCRX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $2.28 B
  • Holdings in Top 10 31.5%

52 WEEK LOW AND HIGH

$24.50
$22.04
$25.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name USAA Cornerstone Moderately Aggressive Fund
  • Fund Family Name USAA
  • Inception Date Aug 15, 1984
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager John P. Toohey

Fund Description

The USAA Cornerstone Moderately Aggressive Fund (USCRX) is a moderately allocated fund that seeks to slowly grow investor capital with medium levels of risk. The fund is currently balanced at 60% stocks and 40% bonds, which includes foreign equities and bonds as well. USCRX follows a “fund of funds” approach and can also invest in a variety of exchange traded-funds (ETFs) and other investment vehicles to accomplish its goal.

While the fund is designed as a core offering, its high fees can be a deterrent. USCRX is managed by Quantitative Management Associates LLC.

USCRX - Performance

Return Ranking - Trailing

Period USCRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -66.0% 21.5% 49.14% 3
1 Yr 1.4% -35.0% 45.9% 66.99% 4
3 Yr 2.0% * -13.6% 11.8% 73.66% 4
5 Yr 5.1% * -11.6% 13.2% 67.08% 4
10 Yr 3.3% * -5.0% 8.2% 81.24% 5

* Annualized


Return Ranking - Calendar

Period USCRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.9% -37.7% 48.7% 50.65% 3
2014 2.2% -59.3% 14.8% 22.14% 2
2013 8.3% -17.5% 36.4% 44.86% 3
2012 9.1% -16.2% 18.4% 36.03% 2
2011 -6.7% -30.5% 7.4% 75.56% 5

Total Return Ranking - Trailing

Period USCRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.3% -65.8% 30.1% 64.53% 4
1 Yr 1.4% -38.3% 73.2% 50.32% 3
3 Yr 2.0% * -14.6% 28.2% 65.15% 4
5 Yr 5.1% * -11.9% 13.2% 63.64% 4
10 Yr 3.3% * -5.0% 8.2% 79.41% 5

* Annualized


Total Return Ranking - Calendar

Period USCRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.4% -29.3% 50.4% 67.05% 4
2014 5.0% -54.8% 25.4% 49.22% 3
2013 11.8% -16.7% 57.2% 59.01% 3
2012 13.6% -16.2% 74.5% 49.36% 3
2011 -4.5% -25.3% 15.8% 81.32% 5

NAV & Total Return History

USCRX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

USCRX Category Low Category High USCRX % Rank Quintile
Net Assets 2.28 B 81.4 K 99.4 B 4.16% 1
Number of Holdings 287 1 12494 7.83% 2
Net Assets in Top 10 744 M -654 M 20.2 B 5.22% 2
Weighting of Top 10 31.5% 0.2% 272.7% 20.50% 4

Top 10 Holdings

  1. iShares Core MSCI Emerging Markets 2.73%
  2. US Treasury Bond 3.125% 3.60%
  3. S+p500 Emini Fut Dec16 Xcme 20161216 3.20%
  4. iShares Core MSCI EAFE 5.58%
  5. Vanguard FTSE Europe ETF 2.12%
  6. Vanguard FTSE Developed Markets ETF 4.35%
  7. US Treasury Bond 3% 2.85%
  8. iShares iBoxx $ High Yield Corporate Bd 2.00%
  9. Vanguard Short-Term Corporate Bond ETF 3.05%
  10. US Treasury Note 1.625% 2.04%

Asset Allocation

Weighting Category Low Category High USCRX % Rank Quintile
Stocks
53.78% -49.32% 147.79% 14.57% 3
Bonds
36.80% -41.48% 107.98% 13.70% 3
Cash
5.59% -55.49% 139.25% 16.02% 3
Preferred Stocks
2.59% -1.01% 35.22% 2.84% 1
Other
1.19% -18.85% 98.84% 13.04% 3
Convertible Bonds
0.05% 0.00% 33.12% 7.00% 3

Stock Sector Breakdown

Weighting Category Low Category High USCRX % Rank Quintile
Financial Services
8.65% -5.07% 69.58% 10.63% 2
Technology
6.37% -8.03% 70.04% 15.37% 3
Healthcare
5.61% -1.46% 29.90% 13.56% 3
Industrials
5.33% -4.92% 48.84% 13.23% 3
Consumer Cyclical
5.05% -6.02% 54.37% 14.16% 3
Consumer Defense
4.81% -4.74% 27.69% 9.19% 2
Energy
3.37% -2.68% 33.46% 11.23% 3
Basic Materials
3.16% -2.13% 21.85% 6.13% 2
Real Estate
2.73% -8.01% 48.98% 9.61% 2
Communication Services
2.14% -2.53% 27.16% 8.08% 2
Utilities
1.81% -7.18% 47.20% 7.38% 2

Stock Geographic Breakdown

Weighting Category Low Category High USCRX % Rank Quintile
Non US
28.25% -2.98% 150.26% 2.15% 1
US
25.53% -97.12% 142.85% 21.51% 4

Bond Sector Breakdown

Weighting Category Low Category High USCRX % Rank Quintile
Corporate
15.55% -20.43% 93.55% 14.19% 3
Government
13.35% -91.64% 76.37% 9.93% 2
Securitized
10.52% -0.01% 40.54% 8.24% 2
Cash & Equivalents
5.60% -54.77% 138.37% 15.74% 3
Municipal
0.01% 0.00% 91.28% 7.55% 4
Derivative
0.00% -84.53% 36.75% 2.84% 2

Bond Geographic Breakdown

Weighting Category Low Category High USCRX % Rank Quintile
US
34.67% -154.38% 94.16% 10.25% 2
Non US
2.13% -57.44% 198.64% 19.41% 4

USCRX - Expenses

Operational Fees

USCRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.13% 0.00% 165.34% 13.87% 3
Management Fee 0.64% 0.00% 2.55% 2.98% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.83% 1.46% 4

Sales Fees

USCRX Fees (% of AUM) Category Low Category High USCRX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

USCRX Fees (% of AUM) Category Low Category High USCRX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

USCRX Fees (% of AUM) Category Low Category High USCRX Rank Quintile
Turnover 87.00% 0.00% 5609.00% 7.94% 4

USCRX - Distributions

Dividend Yield Analysis

USCRX Category Low Category High USCRX % Rank Quintile
Dividend Yield 0.6% 0.00% 11.33% 5.04% 1

Dividend Distribution Analysis

USCRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

USCRX Category Low Category High USCRX % Rank Quintile
Net Income Ratio 2.18% -2.96% 9.94% 9.75% 2

Capital Gain Distribution Analysis

USCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

USCRX - Managers

John P. Toohey

Manager

Start Date

Jul 31, 2009

Tenure

7.26

Tenure Rank

2.7%

Toohey is vice president of Equity Investments, joined USAA Asset Management Company in February 2009. Prior to joining USAA, Toohey was a managing director at AIG Investments, where he was responsible for the investments supporting AIG's pension plans worldwide. He was also co-portfolio manager for four lifestyle and asset allocation funds, oversaw the equity index fund business, and served as a senior member of the external client asset allocation team. Education: B.A., Mathematics, Williams College. He holds the Chartered Financial Analyst (CFA) designation.


Wasif A. Latif

Manager

Start Date

Jul 31, 2009

Tenure

7.26

Tenure Rank

2.7%

Mr. Latif has 16 years of investment management experience. Education: B.S. in finance, University of Indianapolis; M.B.A., University of Illinois at Chicago. Latif is vice president of Equity Investments, has co-managed the Fund since its inception.has worked for us since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes.


Dan Denbow

Lead Manager

Start Date

Oct 31, 2008

Tenure

8.01

Tenure Rank

2.4%

Dan Denbow, CFA, Assistant Vice President and portfolio manager, has co-managed the Precious Metals and Minerals Securities and the Global Real Estate Securities investment categories since October 2008. Mr. Denbow has 19 years of investment management experience and has worked for the advisor for 13 years. Education: B.B.A. and M.B.A., Texas Christian University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.


Arnold J. Espe

Manager

Start Date

Jan 16, 2004

Tenure

12.8

Tenure Rank

1.1%

CFA, vice president of Fixed Income Investments. Espe is a portfolio manager for USAA Investment Management Company, his employer since 2000. Prior to joining USAA, he worked for Capital Consultants from June 1999 to March 2000 and NM Capital Management from September 1996 to June 1999. Espe has more than 20 years of investment management experience. Mr. Espe has 30 years of investment management experience. Education: B.S., Willamette University; M.B.A., University of Oregon.Espe holds the Chartered Financial Analyst designation and is a member of the San Antonio Financial Analysts Society, Inc. and the CFA Institute.


Lance Humphrey

Manager

Start Date

Mar 09, 2016

Tenure

0.65

Tenure Rank

6.9%

Lance Humphrey, CFA, Executive Director of Global Multi Asset Portfolios, has co-managed the Fund since March 2016. Mr. Humphrey has started to engaged in investment since 2006. Education: B.A., Finance, Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.42

Category Mode

4.8