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USAAX USAA Growth

  • Fund
  • USAAX
  • Price as of: Sep 17, 2019
  • $30.88 + $0.22 + 0.72%

USAAX - Profile

Vitals

  • YTD Return 19.6%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $2.67 B
  • Holdings in Top 10 48.0%

52 WEEK LOW AND HIGH

$30.88
$24.23
$33.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 19.6%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name USAA Growth Fund
  • Fund Family Name USAA
  • Inception Date Apr 05, 1971
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Michael E. Schroer

USAAX - Performance

Return Ranking - Trailing

Period USAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.6% -34.6% 38.4% 81.64%
1 Yr -6.5% -63.5% 19.0% 53.66%
3 Yr 6.7%* -39.2% 22.7% 53.85%
5 Yr 4.4%* -32.5% 15.3% 34.51%
10 Yr 10.0%* -14.0% 16.4% 22.33%

* Annualized


Return Ranking - Calendar

Period USAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.4% -65.5% 9.4% 66.69%
2017 25.3% -46.3% 37.5% 14.85%
2016 1.2% -43.3% 13.0% 37.25%
2015 -1.1% -38.0% 11.4% 34.07%
2014 7.2% -52.4% 105.4% 22.25%

Total Return Ranking - Trailing

Period USAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.6% -34.6% 38.4% 81.64%
1 Yr -6.5% -63.5% 19.9% 69.92%
3 Yr 6.7%* -39.2% 27.5% 81.00%
5 Yr 4.4%* -32.5% 16.4% 75.61%
10 Yr 10.0%* -14.0% 17.3% 67.72%

* Annualized


Total Return Ranking - Calendar

Period USAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.4% -65.5% 16.5% 78.93%
2017 25.3% -28.2% 51.5% 53.94%
2016 1.2% -43.3% 15.6% 60.13%
2015 -1.1% -38.0% 17.3% 68.95%
2014 7.2% -52.4% 120.7% 64.53%

NAV & Total Return History

USAAX - Holdings

Concentration Analysis

USAAX Category Low Category High USAAX % Rank
Net Assets 2.67 B 1.12 M 188 B 33.54%
Number of Holdings 36 7 2106 85.92%
Net Assets in Top 10 401 M 301 K 56.6 B 50.55%
Weighting of Top 10 48.00% 11.7% 100.0% 11.47%

Top 10 Holdings

  1. Visa Inc Class A 6.97%

  2. Amazon.com Inc 6.60%

  3. Facebook Inc A 6.02%

  4. Alibaba Group Holding Ltd ADR 5.21%

  5. Oracle Corp 5.00%

  6. Autodesk Inc 4.03%

  7. Starbucks Corp 3.79%

  8. Microsoft Corp 3.75%

  9. Monster Beverage Corp 3.48%

  10. Procter & Gamble Co 3.14%


Asset Allocation

Weighting Return Low Return High USAAX % Rank
Stocks
99.06% 85.30% 101.37% 38.13%
Cash
0.94% -2.02% 14.62% 58.94%
Preferred Stocks
0.00% 0.00% 5.08% 99.68%
Other
0.00% -0.63% 3.74% 96.68%
Convertible Bonds
0.00% 0.00% 0.10% 99.68%
Bonds
0.00% 0.00% 2.29% 99.84%

Stock Sector Breakdown

Weighting Return Low Return High USAAX % Rank
Technology
35.04% 6.68% 62.82% 39.16%
Consumer Cyclical
18.92% 0.00% 34.07% 26.98%
Consumer Defense
13.85% 0.00% 18.23% 0.95%
Financial Services
12.29% 0.00% 39.16% 48.66%
Healthcare
10.94% 0.68% 45.99% 82.04%
Industrials
6.34% 0.00% 28.35% 77.06%
Energy
1.47% -0.01% 11.07% 32.91%
Utilities
0.00% -0.01% 7.75% 95.57%
Real Estate
0.00% 0.00% 7.16% 99.84%
Communication Services
0.00% 0.00% 13.96% 98.66%
Basic Materials
0.00% 0.00% 10.95% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High USAAX % Rank
US
85.40% 79.62% 100.21% 90.74%
Non US
13.66% 0.00% 16.82% 1.58%

USAAX - Expenses

Operational Fees

USAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 283.30% 58.79%
Management Fee 0.65% 0.00% 1.40% 50.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 1.02% 73.99%

Sales Fees

USAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

USAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

USAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 476.00% 16.19%

USAAX - Distributions

Dividend Yield Analysis

USAAX Category Low Category High USAAX % Rank
Dividend Yield 0.30% 0.00% 15.70% 20.81%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

USAAX Category Low Category High USAAX % Rank
Net Income Ratio 0.33% -7.60% 1.83% 27.04%

Capital Gain Distribution Analysis

USAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

USAAX - Managers

Michael E. Schroer

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2007

11.76

11.8%

Michael E. Schroer, CFA, Managing Partner & Chief Investment Officer and has been with Renaissance since 1984. As Chief Investment Officer and Managing Partner for Renaissance, Mr. Schroer supervises the management and direction of the firm’s investment research efforts as well as determining overall portfolio strategy. He is the Lead Portfolio Manager for the large-cap growth strategy at Renaissance. Prior to Renaissance, he served as a portfolio manager with First of America Bank. He was awarded a Chartered Financial Analyst designation in 1985. Education: B.A., University of Cincinnati; and M.B.A., Indiana University Graduate School of Business.


Aziz V. Hamzaogullari

Manager

Start Date

Tenure

Tenure Rank

Jun 04, 2010

9.25

9.3%

Aziz V. Hamzaogullari is an Executive Vice President and a member of the Board of Directors of Loomis, Sayles & Company, L.P. He is the founder and head of the Loomis Sayles Growth Equity Strategies Team. Aziz joined Loomis Sayles in 2010 from Evergreen Investments where he was a senior portfolio manager. He joined Evergreen in 2001, was promoted to director of research in 2003 and portfolio manager in 2006. Aziz was head of Evergreen’s Berkeley Street Growth Equity team and was the founder of the research and investment process. Prior to Evergreen, Aziz was a senior equity analyst and portfolio manager at Manning & Napier Advisors. Aziz earned a BS from Bilkent University, Turkey, and an MBA from George Washington University. He is also a member of CFA Society Boston.


Andy Eng

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2016

2.83

2.8%

Eng joined MSA in 2000 and has been a Director of MSA since 2004. Prior thereto, he acted as an analyst with Northwestern Investment Management.His has over 20 years of investment experience, the past 17 years as a portfolio manager with Northwestern Mutual Investment Management Company. Eng holds the Chartered Financial Analyst designation, and is a member of the Milwaukee Investment Analyst Society and the CFA Institute. Education: B.S., University of Illinois; and M.B.A., Washington University.


D. Scott Tracy

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Tracy joined RS Investments and has been a member of the RS Growth Team since 2001. Prior to joining RS Investments in 2001, he spent three years at Shoreline Investment Management, the in house asset management arm of Hewlett-Packard. He has also served as an equity analyst at Montgomery Securities. Mr. Tracy holds a B.A. in history from Trinity College and an M.B.A. from the University of California at Berkeley. He is also a Chartered Financial Analyst.


Mannik Dhillon

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Dhillon, CFA® and CAIA®, serves as President, VictoryShares and Solutions, for Victory Capital Management Inc. From 2015-2017, he served as the Adviser's Head of Investment Solutions, Product, and Strategy. From 2010 to 2015, Mr. Dhillon served as a managing director and head of manager research with Wilshire Associates, where he evaluated asset managers and led strategic consulting engagements.


Jason E. Dahl

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Dahl is a Senior Portfolio Manager/Analyst of NewBridge. He is a member of the Large Cap Growth Equity Portfolio Management Team. He joined Victory and/or an affiliate in 1999 following 9 years prior investment experience. Prior to joining Victory, he was a Portfolio Manager/ Analyst in the Campbell, Cowperthwait division of U.S. Trust Company. Mr. Dahl holds a Bachelor of Science in Economics from SUNY College at New Paltz and a Master of Business Administration from Pace University. Additionally, he is a CFA charterholder.


Erick F. Maronak

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Maronak is the CIO of NewBridge and Lead Portfolio Manager of Victory's Large Cap Growth Equity strategy. He is a member of the Large Cap Growth Equity Portfolio Management Team. He joined Victory and/or an affiliate in 1999 following 10 years prior investment experience. Prior to joining Victory, he was a Portfolio Manager and the Director of Research in the Campbell, Cowperthwait division of U.S. Trust Company. Mr. Maronak holds a Bachelor of Science in Economics from City University of New York and a Master of Business Administration from St. John's University.


Stephen J. Bishop

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Stephen J. Bishop is a co-portfolio manager and analyst on the RS Growth Team. Mr. Bishop has been with Victory Capital since 2016, when Victory Capital acquired RS Investments. Mr. Bishop has been a co-portfolio manager on the RS Growth Team since 2007. He joined RS Investment Management Co. LLC in 1996 as a research analyst primarily covering the technology sector, which remains his area of focus today. Prior to joining RS, he worked as an analyst in the corporate finance department of Dean Witter Reynolds, Inc., for two years. Steve holds a B.A. in economics from the University of Notre Dame and an M.B.A. from Harvard Business School.


Melissa Chadwick-Dunn

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Melissa Chadwick-Dunn is an analyst in the RS Growth Group and a principal at RS Investments. Before joining the firm in 2001, she was an equity analyst at Putnam Investments for two years, covering international small-cap stocks. Prior to that, she spent four years in investment banking, working on corporate finance and mergers-and-acquisition transactions for Lehman Brothers and McDaniels S.A. Melissa holds a B.A. in economics and an M.A. in international relations from the University of Chicago and an M.B.A. from the Wharton School of Business.


Michael B. Koskuba

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Koskuba is a Senior Portfolio Manager/Analyst of NewBridge. He is a member of the Large Cap Growth Equity Portfolio Management Team. He joined Victory and/or an affiliate in 1999 following 5 years prior investment experience. Prior to joining Victory, he was a Portfolio Manager/ Analyst in the Campbell, Cowperthwait division of U.S. Trust Company. Mr. Koskuba is frequently asked by the financial press for his outlook on the equity markets and on specific securities. He has appeared in a variety of publications and media outlets including: Bloomberg Television, Bloomberg Radio, Bloomberg News, CNBC, Dow Jones, Reuters, Market Watch, The Wall Street Journal and others. Mr. Koskuba holds a Bachelor of Arts in International Studies from Muhlenberg College and a Master of Business Administration in Finance from Fordham University.


Tenure Analysis

Category Low

0.0

Category High

51.7

Category Average

8.11

Category Mode

0.33