Victory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.90
$2.42 B
4.27%
$0.38
0.50%
Vitals
YTD Return
1.3%
1 yr return
5.8%
3 Yr Avg Return
1.6%
5 Yr Avg Return
2.3%
Net Assets
$2.42 B
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.90
$2.42 B
4.27%
$0.38
0.50%
UISBX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.51%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Short-Term Bond Fund (Formerly USAA Short-Term Bond Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateOct 27, 2011
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJulianne Bass
Fund Description
UISBX - Performance
Return Ranking - Trailing
Period | UISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -4.8% | 10.2% | 9.64% |
1 Yr | 5.8% | -4.3% | 23.7% | 8.01% |
3 Yr | 1.6%* | -6.8% | 4.1% | 5.59% |
5 Yr | 2.3%* | -4.4% | 4.3% | 7.17% |
10 Yr | 2.1%* | -19.2% | 169.6% | 8.36% |
* Annualized
Return Ranking - Calendar
Period | UISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -5.4% | 7.6% | 33.94% |
2022 | -5.2% | -17.7% | -2.6% | 14.47% |
2021 | -1.7% | -4.0% | 4.4% | 59.77% |
2020 | 1.3% | -8.3% | 7.6% | 72.16% |
2019 | 2.0% | -2.3% | 9.3% | 46.76% |
Total Return Ranking - Trailing
Period | UISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -4.8% | 10.2% | 9.64% |
1 Yr | 5.8% | -4.3% | 23.7% | 8.01% |
3 Yr | 1.6%* | -6.8% | 4.1% | 5.59% |
5 Yr | 2.3%* | -4.4% | 4.3% | 7.17% |
10 Yr | 2.1%* | -19.2% | 169.6% | 8.36% |
* Annualized
Total Return Ranking - Calendar
Period | UISBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | -1.1% | 15.2% | 16.61% |
2022 | -2.6% | -17.3% | -1.3% | 2.41% |
2021 | 1.4% | -2.7% | 7.7% | 15.13% |
2020 | 5.0% | -4.4% | 14.5% | 29.22% |
2019 | 3.7% | 0.6% | 12.6% | 83.40% |
NAV & Total Return History
UISBX - Holdings
Concentration Analysis
UISBX | Category Low | Category High | UISBX % Rank | |
---|---|---|---|---|
Net Assets | 2.42 B | 14.5 K | 57.3 B | 29.42% |
Number of Holdings | 835 | 2 | 9251 | 21.12% |
Net Assets in Top 10 | 213 M | 1.16 M | 6.6 B | 50.00% |
Weighting of Top 10 | 8.78% | 1.8% | 108.7% | 92.42% |
Top 10 Holdings
- U S TREASURY NOTE 1.43%
- U S TREASURY NOTE 1.39%
- U S TREASURY NOTE 1.28%
- U S TREASURY NOTE 1.21%
- U S TREASURY NOTE 0.60%
- WELLS FARGO CO 0.59%
- MPT OPER PARTNERSHIP FINL 0.59%
- COMM 2014 277P MORTGAGE TRUST 0.57%
- FREEPORT MCMORAN INC 0.56%
- DEVON ENERGY CORP 0.55%
Asset Allocation
Weighting | Return Low | Return High | UISBX % Rank | |
---|---|---|---|---|
Bonds | 94.28% | 0.00% | 130.68% | 31.77% |
Cash | 5.84% | -20.59% | 62.18% | 22.92% |
Convertible Bonds | 0.43% | 0.00% | 27.71% | 87.88% |
Preferred Stocks | 0.24% | 0.00% | 22.27% | 6.68% |
Stocks | 0.00% | 0.00% | 103.64% | 53.97% |
Other | 0.00% | -0.97% | 72.36% | 82.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | UISBX % Rank | |
---|---|---|---|---|
Corporate | 45.94% | 0.00% | 100.00% | 42.13% |
Securitized | 38.73% | 0.00% | 97.27% | 21.34% |
Municipal | 9.11% | 0.00% | 17.46% | 1.27% |
Cash & Equivalents | 5.84% | 0.00% | 62.18% | 21.30% |
Government | 0.98% | 0.00% | 73.63% | 90.05% |
Derivative | 0.00% | -0.55% | 28.01% | 63.54% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | UISBX % Rank | |
---|---|---|---|---|
US | 94.28% | 0.00% | 130.68% | 28.34% |
Non US | 0.00% | 0.00% | 83.16% | 49.82% |
UISBX - Expenses
Operational Fees
UISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.01% | 3.24% | 68.85% |
Management Fee | 0.27% | 0.00% | 1.19% | 35.02% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.50% | 60.70% |
Sales Fees
UISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
UISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
UISBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 500.00% | 27.68% |
UISBX - Distributions
Dividend Yield Analysis
UISBX | Category Low | Category High | UISBX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.27% | 0.00% | 10.67% | 30.87% |
Dividend Distribution Analysis
UISBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
UISBX | Category Low | Category High | UISBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.51% | -1.27% | 4.98% | 4.80% |
Capital Gain Distribution Analysis
UISBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.032 | OrdinaryDividend |
Mar 01, 2024 | $0.030 | OrdinaryDividend |
Feb 01, 2024 | $0.034 | OrdinaryDividend |
Jan 02, 2024 | $0.045 | OrdinaryDividend |
Dec 01, 2023 | $0.030 | OrdinaryDividend |
Nov 01, 2023 | $0.030 | OrdinaryDividend |
Oct 02, 2023 | $0.030 | OrdinaryDividend |
Sep 01, 2023 | $0.028 | OrdinaryDividend |
Aug 01, 2023 | $0.027 | OrdinaryDividend |
Jul 03, 2023 | $0.027 | OrdinaryDividend |
Jun 01, 2023 | $0.027 | OrdinaryDividend |
May 01, 2023 | $0.024 | OrdinaryDividend |
Apr 03, 2023 | $0.026 | OrdinaryDividend |
Mar 01, 2023 | $0.022 | OrdinaryDividend |
Feb 01, 2023 | $0.022 | OrdinaryDividend |
Jan 03, 2023 | $0.032 | OrdinaryDividend |
Dec 01, 2022 | $0.020 | OrdinaryDividend |
Nov 01, 2022 | $0.020 | DailyAccrualFund |
Oct 03, 2022 | $0.018 | DailyAccrualFund |
Sep 01, 2022 | $0.018 | DailyAccrualFund |
Aug 01, 2022 | $0.018 | DailyAccrualFund |
Jul 01, 2022 | $0.016 | DailyAccrualFund |
Jun 01, 2022 | $0.016 | DailyAccrualFund |
May 02, 2022 | $0.015 | DailyAccrualFund |
Apr 01, 2022 | $0.015 | DailyAccrualFund |
Mar 01, 2022 | $0.014 | DailyAccrualFund |
Feb 01, 2022 | $0.015 | DailyAccrualFund |
Jan 03, 2022 | $0.024 | DailyAccrualFund |
Dec 01, 2021 | $0.015 | DailyAccrualFund |
Nov 01, 2021 | $0.015 | DailyAccrualFund |
Oct 01, 2021 | $0.014 | DailyAccrualFund |
Sep 01, 2021 | $0.015 | DailyAccrualFund |
Aug 02, 2021 | $0.017 | DailyAccrualFund |
Jul 01, 2021 | $0.016 | DailyAccrualFund |
Jun 01, 2021 | $0.016 | DailyAccrualFund |
May 03, 2021 | $0.020 | DailyAccrualFund |
Apr 01, 2021 | $0.019 | DailyAccrualFund |
Mar 01, 2021 | $0.019 | DailyAccrualFund |
Feb 01, 2021 | $0.019 | DailyAccrualFund |
Dec 31, 2020 | $0.023 | DailyAccrualFund |
Nov 30, 2020 | $0.020 | DailyAccrualFund |
Oct 30, 2020 | $0.023 | DailyAccrualFund |
Sep 30, 2020 | $0.021 | DailyAccrualFund |
Aug 31, 2020 | $0.020 | DailyAccrualFund |
Jul 31, 2020 | $0.025 | DailyAccrualFund |
Jun 30, 2020 | $0.023 | DailyAccrualFund |
May 29, 2020 | $0.023 | DailyAccrualFund |
Apr 30, 2020 | $0.023 | DailyAccrualFund |
Mar 31, 2020 | $0.023 | DailyAccrualFund |
Feb 28, 2020 | $0.019 | DailyAccrualFund |
Jan 31, 2020 | $0.022 | DailyAccrualFund |
Dec 31, 2019 | $0.024 | DailyAccrualFund |
May 31, 2019 | $0.024 | DailyAccrualFund |
Apr 30, 2019 | $0.022 | DailyAccrualFund |
Mar 29, 2019 | $0.023 | DailyAccrualFund |
Feb 28, 2019 | $0.021 | DailyAccrualFund |
Jan 31, 2019 | $0.021 | DailyAccrualFund |
Dec 31, 2018 | $0.020 | DailyAccrualFund |
Nov 30, 2018 | $0.023 | DailyAccrualFund |
Oct 31, 2018 | $0.020 | DailyAccrualFund |
Aug 31, 2018 | $0.021 | DailyAccrualFund |
Jul 31, 2018 | $0.018 | DailyAccrualFund |
Jun 29, 2018 | $0.020 | DailyAccrualFund |
May 31, 2018 | $0.018 | DailyAccrualFund |
Apr 30, 2018 | $0.018 | DailyAccrualFund |
Mar 29, 2018 | $0.019 | DailyAccrualFund |
Feb 28, 2018 | $0.018 | DailyAccrualFund |
Jan 31, 2018 | $0.017 | DailyAccrualFund |
Dec 29, 2017 | $0.018 | DailyAccrualFund |
Nov 30, 2017 | $0.017 | DailyAccrualFund |
Oct 31, 2017 | $0.015 | DailyAccrualFund |
Sep 29, 2017 | $0.017 | DailyAccrualFund |
Aug 31, 2017 | $0.015 | DailyAccrualFund |
Jul 31, 2017 | $0.014 | DailyAccrualFund |
Jun 30, 2017 | $0.016 | DailyAccrualFund |
May 31, 2017 | $0.015 | DailyAccrualFund |
Apr 28, 2017 | $0.015 | DailyAccrualFund |
Mar 31, 2017 | $0.017 | DailyAccrualFund |
Feb 28, 2017 | $0.015 | DailyAccrualFund |
Jan 31, 2017 | $0.015 | DailyAccrualFund |
Dec 30, 2016 | $0.016 | DailyAccrualFund |
Nov 30, 2016 | $0.016 | DailyAccrualFund |
Oct 31, 2016 | $0.014 | DailyAccrualFund |
Sep 30, 2016 | $0.016 | DailyAccrualFund |
Aug 31, 2016 | $0.016 | DailyAccrualFund |
Jul 29, 2016 | $0.014 | DailyAccrualFund |
Jun 30, 2016 | $0.015 | DailyAccrualFund |
May 31, 2016 | $0.014 | DailyAccrualFund |
Apr 29, 2016 | $0.017 | DailyAccrualFund |
Mar 31, 2016 | $0.015 | DailyAccrualFund |
Feb 29, 2016 | $0.014 | DailyAccrualFund |
Jan 29, 2016 | $0.013 | DailyAccrualFund |
Dec 31, 2015 | $0.015 | DailyAccrualFund |
Nov 30, 2015 | $0.013 | DailyAccrualFund |
Oct 30, 2015 | $0.014 | DailyAccrualFund |
Sep 30, 2015 | $0.013 | DailyAccrualFund |
Aug 31, 2015 | $0.013 | DailyAccrualFund |
Jul 31, 2015 | $0.013 | DailyAccrualFund |
Jun 30, 2015 | $0.014 | DailyAccrualFund |
May 29, 2015 | $0.014 | DailyAccrualFund |
Apr 30, 2015 | $0.013 | DailyAccrualFund |
Mar 31, 2015 | $0.013 | DailyAccrualFund |
Feb 27, 2015 | $0.014 | DailyAccrualFund |
Jan 30, 2015 | $0.014 | DailyAccrualFund |
Dec 31, 2014 | $0.014 | DailyAccrualFund |
Nov 28, 2014 | $0.013 | DailyAccrualFund |
Oct 31, 2014 | $0.015 | DailyAccrualFund |
Sep 30, 2014 | $0.013 | DailyAccrualFund |
Aug 29, 2014 | $0.014 | DailyAccrualFund |
Jul 31, 2014 | $0.013 | DailyAccrualFund |
Jun 30, 2014 | $0.014 | DailyAccrualFund |
May 30, 2014 | $0.014 | DailyAccrualFund |
Apr 30, 2014 | $0.015 | DailyAccrualFund |
Mar 31, 2014 | $0.014 | DailyAccrualFund |
Feb 28, 2014 | $0.015 | DailyAccrualFund |
Jan 31, 2014 | $0.016 | DailyAccrualFund |
Dec 31, 2013 | $0.015 | DailyAccrualFund |
Nov 29, 2013 | $0.017 | DailyAccrualFund |
Oct 31, 2013 | $0.016 | DailyAccrualFund |
Sep 30, 2013 | $0.014 | DailyAccrualFund |
Aug 30, 2013 | $0.017 | DailyAccrualFund |
Jul 31, 2013 | $0.016 | DailyAccrualFund |
Jun 28, 2013 | $0.015 | DailyAccrualFund |
May 31, 2013 | $0.017 | DailyAccrualFund |
Apr 30, 2013 | $0.018 | DailyAccrualFund |
Mar 28, 2013 | $0.017 | DailyAccrualFund |
Feb 28, 2013 | $0.019 | DailyAccrualFund |
Jan 31, 2013 | $0.016 | DailyAccrualFund |
Dec 31, 2012 | $0.017 | DailyAccrualFund |
Nov 30, 2012 | $0.020 | DailyAccrualFund |
Oct 31, 2012 | $0.019 | DailyAccrualFund |
Sep 28, 2012 | $0.017 | DailyAccrualFund |
Aug 31, 2012 | $0.021 | DailyAccrualFund |
Jul 31, 2012 | $0.019 | DailyAccrualFund |
Jun 29, 2012 | $0.021 | DailyAccrualFund |
May 31, 2012 | $0.020 | DailyAccrualFund |
Apr 30, 2012 | $0.021 | DailyAccrualFund |
Mar 30, 2012 | $0.023 | DailyAccrualFund |
Feb 29, 2012 | $0.023 | DailyAccrualFund |
Jan 31, 2012 | $0.021 | DailyAccrualFund |
Dec 30, 2011 | $0.024 | DailyAccrualFund |
Nov 30, 2011 | $0.023 | DailyAccrualFund |
Oct 31, 2011 | $0.021 | DailyAccrualFund |
Sep 30, 2011 | $0.025 | DailyAccrualFund |
Aug 31, 2011 | $0.024 | DailyAccrualFund |
Jul 29, 2011 | $0.024 | DailyAccrualFund |
Jun 30, 2011 | $0.025 | DailyAccrualFund |
May 31, 2011 | $0.022 | DailyAccrualFund |
Apr 29, 2011 | $0.025 | DailyAccrualFund |
Mar 31, 2011 | $0.024 | DailyAccrualFund |
Feb 28, 2011 | $0.024 | DailyAccrualFund |
Jan 31, 2011 | $0.022 | DailyAccrualFund |
Dec 31, 2010 | $0.026 | DailyAccrualFund |
Nov 30, 2010 | $0.024 | DailyAccrualFund |
Oct 29, 2010 | $0.024 | DailyAccrualFund |
Sep 30, 2010 | $0.025 | DailyAccrualFund |
Aug 31, 2010 | $0.025 | DailyAccrualFund |
Jul 30, 2010 | $0.027 | DailyAccrualFund |
Jun 30, 2010 | $0.026 | DailyAccrualFund |
May 28, 2010 | $0.025 | DailyAccrualFund |
Apr 30, 2010 | $0.030 | DailyAccrualFund |
Mar 31, 2010 | $0.028 | DailyAccrualFund |
Feb 26, 2010 | $0.030 | DailyAccrualFund |
Jan 29, 2010 | $0.028 | DailyAccrualFund |
UISBX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jan 04, 2007
15.41
15.4%
Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Brian Smith
Start Date
Tenure
Tenure Rank
Dec 01, 2013
8.5
8.5%
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
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Kurt Daum
Start Date
Tenure
Tenure Rank
Nov 04, 2016
5.57
5.6%
Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. 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.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Douglas Rollwitz
Start Date
Tenure
Tenure Rank
Dec 01, 2019
2.5
2.5%
Douglas J. Rollwitz, CFA, CPA, is Assistant Investment Portfolio Manager at USAA Asset Management Company. Mr. Rollwitz has worked for us for 21 years. Education: B.B.A., University of Texas at San Antonio; M.B.A., University of Texas at Arlington. He holds the CFA designation and is a member of the CFA Institute and the San Antonio Financial Analysts Society.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.14 | 2.41 |