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USSBX USAA Short-Term Bond

  • Fund
  • USSBX
  • Price as of: Dec 06, 2016
  • $9.12
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

USSBX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $3.15 B
  • Holdings in Top 10 8.9%

52 WEEK LOW AND HIGH

$9.12
$9.02
$9.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name USAA Short Term Bond Fund
  • Fund Family Name USAA
  • Inception Date Jun 01, 1993
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Julianne Bass

Fund Description

The fund normally invests at least 80% of its assets in a broad range of investment-grade debt securities that have a dollar-weighted average portfolio maturity of three years or less. The debt securities in which the fund may invest include, among others, obligations of U.S., state, and local governments, their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; and other securities believed to have debt-like characteristics.

USSBX - Performance

Return Ranking - Trailing

Period USSBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -11.3% 201.5% 31.78% 3
1 Yr 2.3% -12.6% 13.8% 46.26% 3
3 Yr 1.4% * -5.9% 8.2% 62.06% 4
5 Yr 1.9% * -3.1% 13.6% 63.25% 4
10 Yr 3.3% * -2.2% 9.5% 61.65% 4

* Annualized


Return Ranking - Calendar

Period USSBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.6% -33.0% 3.0% 18.23% 2
2014 -0.1% -9.3% 14.9% 38.47% 4
2013 -1.0% -24.1% 40.4% 15.36% 2
2012 1.5% -100.0% 18.7% 45.53% 4
2011 -0.4% -20.6% 15.5% 41.55% 4

Total Return Ranking - Trailing

Period USSBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -9.9% 204.3% 42.49% 3
1 Yr 2.3% -12.6% 16.3% 32.97% 2
3 Yr 1.4% * -7.2% 8.2% 54.04% 3
5 Yr 1.9% * -3.9% 13.6% 58.96% 4
10 Yr 3.3% * -2.2% 9.5% 59.61% 4

* Annualized


Total Return Ranking - Calendar

Period USSBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.6% -32.5% 4.5% 38.72% 3
2014 -0.1% -8.3% 16.8% 57.26% 4
2013 -1.0% -12.9% 58.5% 28.98% 2
2012 1.5% -100.0% 35.2% 63.56% 5
2011 -0.4% -20.7% 18.1% 58.21% 4

NAV & Total Return History

USSBX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

USSBX Category Low Category High USSBX % Rank Quintile
Net Assets 3.15 B 319 K 176 B 7.22% 2
Number of Holdings 490 1 17569 11.95% 3
Net Assets in Top 10 281 M -36 B 36.7 B 9.97% 2
Weighting of Top 10 8.9% 0.0% 1167.9% 31.13% 5

Top 10 Holdings

  1. US Treasury Note 1.375% 1.76%
  2. US Treasury Note 1.375% 1.43%
  3. US Treasury Note 1.625% 0.80%
  4. US Treasury Note 1.25% 0.80%
  5. White Mtns Re Grp 144A 6.375% 0.76%
  6. Chubb FRN 0.66%
  7. Schlumberger Hldgs 144A 1.9% 0.64%
  8. New York Life Gbl Fdg Mtn 144a 144A 1.3% 0.63%
  9. At&T 2.45% 0.80%
  10. Standard Chartered Bk 144A 6.4% 0.62%

Asset Allocation

Weighting Category Low Category High USSBX % Rank Quintile
Bonds
93.85% -175.98% 1241.14% 14.34% 3
Cash
3.36% -1141.94% 275.92% 18.41% 3
Other
1.77% -30.13% 98.36% 7.78% 2
Preferred Stocks
1.02% -0.45% 17.66% 3.92% 1
Convertible Bonds
0.00% 0.00% 12.73% 5.85% 3
Stocks
0.00% -3.27% 98.55% 5.90% 2

Bond Sector Breakdown

Weighting Category Low Category High USSBX % Rank Quintile
Corporate
63.05% 0.00% 221.70% 3.10% 1
Securitized
18.56% 0.00% 105.84% 23.04% 4
Government
7.43% -389.49% 1167.69% 23.75% 4
Municipal
5.83% 0.00% 98.41% 2.85% 1
Cash & Equivalents
3.36% -1141.94% 416.01% 18.57% 3
Derivative
0.00% -513.07% 38.63% 2.59% 1

Bond Geographic Breakdown

Weighting Category Low Category High USSBX % Rank Quintile
US
77.34% -370.09% 982.00% 18.16% 3
Non US
16.51% -45.82% 351.70% 11.70% 2

USSBX - Expenses

Operational Fees

USSBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.61% 0.00% 42.51% 11.60% 2
Management Fee 0.27% 0.00% 2.15% 3.56% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.63% 2.35% 3

Sales Fees

USSBX Fees (% of AUM) Category Low Category High USSBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

USSBX Fees (% of AUM) Category Low Category High USSBX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

USSBX Fees (% of AUM) Category Low Category High USSBX Rank Quintile
Turnover 22.00% 0.00% 1856.00% 16.03% 1

USSBX - Distributions

Dividend Yield Analysis

USSBX Category Low Category High USSBX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.30% 23.32% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

USSBX Category Low Category High USSBX % Rank Quintile
Net Income Ratio 1.76% -1.76% 17.13% 15.27% 3

Capital Gain Distribution Analysis

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

USSBX - Managers

Julianne Bass

Manager

Start Date

Jan 04, 2007

Tenure

9.91

Tenure Rank

3.5%

JULIANNE BASS, CFA, assistant vice president and portfolio manager. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.


Brian W. Smith

Manager

Start Date

Dec 01, 2013

Tenure

3.0

Tenure Rank

8.2%

Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He is a member of the CFA Institute and the CFA Society of San Antonio.


John Spear

Manager

Start Date

Nov 04, 2016

Tenure

0.07

Tenure Rank

10.8%

John Spear, CFA, Vice President of Long-Term Fixed Income. He has managed the USAA Life Insurance Portfolio since November 1999, and has supervised the USAA fixed-income portfolio management team since May 2012. Mr. Spear has 30 years of investment management experience and has worked for us for 19 years. Education: B.B.A., Western Illinois University; M.B.A., Butler University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.


Kurt Daum

Manager

Start Date

Nov 04, 2016

Tenure

0.07

Tenure Rank

10.8%

Kurt Daum, JD, Director of Research, focusing on all areas of fixed-income research. Mr. Daum has 15 years of investment management experience and has worked for us for three years. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.12

Category Mode

1.9