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USSPX USAA S&P 500 Index Member

  • Fund
  • USSPX
  • Price as of: Aug 08, 2016
  • $31.15
  • - $0.03
  • - 0.10%
  • Category
  • Large Cap Blend Equities

USSPX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 10.9%
  • 5 Yr Annualized Return 13.1%
  • Net Assets $5.8 B
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$31.15
$26.18
$31.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.28%

SALES FEES

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

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name USAA S&P 500 Index Fund
  • Fund Family Name USAA
  • Inception Date May 01, 1996
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Brent D. Reeder

Fund Description

The USAA S&P 500 Index Fund Member Shares (USSPX) is a low-cost, passively managed index fund that provides exposure to large-cap U.S. equities. USSPX tracks the benchmark S&P 500 Index and uses a partial-replication strategy. At least 80% of the fund’s holdings must be invested in the S&P 500, however, managers will try to mimic the overall direction of the index by using similar sector weights.

As an index covering large-cap stocks and every sector of the market, USSPX makes an ideal core position for any investor’s portfolio. USSPX is managed externally by Northern Trust Investments Inc.

USSPX - Performance

Return Ranking - Trailing

Period USSPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -82.7% 66.9% 31.07% 2
1 Yr 5.4% -18.8% 20.8% 16.97% 1
3 Yr 10.9% * -3.8% 21.2% 13.47% 1
5 Yr 13.1% * -1.7% 21.8% 14.76% 1
10 Yr 7.5% * 0.6% 11.3% 25.03% 2

* Annualized


Return Ranking - Calendar

Period USSPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.8% -58.7% 5.7% 14.04% 1
2014 N/A 0.2% 11.5% N/A N/A
2013 N/A 12.5% 31.1% N/A N/A
2012 N/A 9.2% 16.4% N/A N/A
2011 N/A -3.8% 5.9% N/A N/A

Total Return Ranking - Trailing

Period USSPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -82.7% 66.9% 31.40% 2
1 Yr 5.4% -21.2% 20.8% 15.52% 1
3 Yr 10.9% * -3.8% 21.2% 12.12% 1
5 Yr 13.1% * -1.7% 21.8% 13.66% 1
10 Yr 7.5% * 0.6% 11.3% 23.44% 2

* Annualized


Total Return Ranking - Calendar

Period USSPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.8% -58.7% 5.7% 14.00% 1
2014 N/A 2.0% 13.2% N/A N/A
2013 N/A 23.2% 39.5% N/A N/A
2012 N/A 11.6% 23.6% N/A N/A
2011 N/A -2.1% 8.0% N/A N/A

NAV & Total Return History

USSPX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

USSPX Category Low Category High USSPX % Rank Quintile
Net Assets 5.8 B 9.87 K 458 B 3.09% 1
Number of Holdings 509 1 3780 4.24% 1
Net Assets in Top 10 304 M -18.9 K 63.6 B 11.87% 2
Weighting of Top 10 17.4% 0.0% 299.6% 27.77% 5

Top 10 Holdings

  1. Apple Inc 2.82%
  2. Exxon Mobil Corp 2.09%
  3. Microsoft Corp 2.16%
  4. Johnson & Johnson 1.79%
  5. General Electric Co 1.56%
  6. Berkshire Hathaway Inc B 1.46%
  7. Facebook Inc A 1.42%
  8. AT&T Inc 1.43%
  9. Amazon.com Inc 1.49%
  10. Verizon Communications Inc 1.22%

Asset Allocation

Weighting Category Low Category High USSPX % Rank Quintile
Stocks
97.91% -0.95% 136.86% 10.48% 3
Cash
2.09% -98.69% 132.07% 15.47% 3
Other
0.00% -81.75% 100.00% 9.50% 3
Convertible Bonds
0.00% 0.00% 85.35% 1.80% 1
Preferred Stocks
0.00% 0.00% 10.32% 3.02% 2
Bonds
0.00% -37.58% 98.94% 5.74% 2

Stock Sector Breakdown

Weighting Category Low Category High USSPX % Rank Quintile
Technology
17.23% 0.00% 51.32% 12.45% 2
Healthcare
14.83% 0.00% 29.64% 11.80% 3
Financial Services
13.50% 0.00% 47.89% 17.45% 3
Industrials
10.81% 0.00% 41.49% 14.84% 3
Consumer Cyclical
10.71% 0.00% 70.69% 16.08% 3
Consumer Defense
10.41% 0.00% 51.54% 8.91% 2
Energy
7.24% -2.91% 25.38% 9.49% 2
Communication Services
4.35% -0.78% 17.25% 6.73% 2
Utilities
3.59% -3.20% 25.88% 6.52% 2
Basic Materials
2.68% 0.00% 24.37% 13.32% 3
Real Estate
2.55% -0.11% 11.80% 9.12% 2

Stock Geographic Breakdown

Weighting Category Low Category High USSPX % Rank Quintile
US
97.28% -0.95% 136.86% 8.20% 2
Non US
0.63% -0.69% 94.73% 20.36% 4

USSPX - Expenses

Operational Fees

USSPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.28% 0.02% 303.36% 20.92% 1
Management Fee 0.10% 0.00% 2.25% 6.46% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.06% 0.00% 0.45% 4.19% 2

Sales Fees

USSPX Fees (% of AUM) Category Low Category High USSPX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

USSPX Fees (% of AUM) Category Low Category High USSPX Rank Quintile
Max Redemption Fee N/A 0.15% 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.

USSPX Fees (% of AUM) Category Low Category High USSPX Rank Quintile
Turnover 4.00% 0.00% 1596.00% 16.55% 1

USSPX - Distributions

Dividend Yield Analysis

USSPX Category Low Category High USSPX % Rank Quintile
Dividend Yield 0.5% 0.00% 11.20% 12.18% 1

Dividend Distribution Analysis

USSPX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

USSPX Category Low Category High USSPX % Rank Quintile
Net Income Ratio 1.88% -2.19% 5.26% 5.19% 1

Capital Gain Distribution Analysis

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

USSPX - Managers

Brent D. Reeder

Manager

Start Date

Dec 08, 2006

Tenure

9.65

Tenure Rank

3.8%

Brent Reeder, Senior Vice President at The Northern Trust Company, Chicago, is the Team Leader-Domestic Index in the Quantitative Management Group of Northern Trust Global Investments (NTGI). Before his current role, he was a Portfolio Manager in the Quantitative Management Group of NTGI, responsible for the management of index portfolios. Brent has a broad range of expertise in both large capitalization and small capitalization index mandates. Prior to this, Brent spent five years in trust operations as a team leader of the Foundations and Endowments team. He received a B.A. degree in Economics from DePauw University and an M.B.A. degree in Finance from DePaul University. Brent is an Associated Person with the National Futures Association.


Tenure Analysis

Category Low

0.0

Category High

80.8

Category Average

6.03

Category Mode

1.6