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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

USAA Income Fund

USAIX | Fund

$11.60

$5.58 B

0.35%

$0.04

0.44%

Vitals

YTD Return

4.4%

1 yr return

-9.8%

3 Yr Avg Return

-5.3%

5 Yr Avg Return

-2.1%

Net Assets

$5.58 B

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$11.6
$10.73
$12.85

Expenses

OPERATING FEES

Expense Ratio 0.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

USAA Income Fund

USAIX | Fund

$11.60

$5.58 B

0.35%

$0.04

0.44%

USAIX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return -5.3%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Income Fund
  • Fund Family Name
    USAA
  • Inception Date
    Mar 04, 1974
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julianne Bass

Fund Description

The Fund invests its assets primarily in U.S. dollar-denominated fixed-income securities that have been selected for their high yields relative to the risk involved. The fixed-income securities in which the Fund invests include obligations of U.S., state, and local governments, and their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; and repurchase agreements. The Fund also may invest in income-producing common stock, preferred securities, and other securities believed to have debt-like characteristics.The Fund may invest up to 65% of its assets in corporate bonds. The Fund may invest up to 20% of its assets in foreign securities, including non-dollar-denominated securities and emerging markets securities. The Fund will invest primarily in investment-grade securities but also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred as high-yield or “junk” bonds. Investment-grade securities include securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, as well as securities rated or subject to a guarantee that is rated in one of the four highest credit grades by a public rating agency (or of equivalent quality if not publicly rated. Such securities are measured at the time of purchase.The Fund may use derivatives, such as futures, options, and swaps, to increase or decrease its exposure to changing security prices or other factors that affect security values, to seek to enhance income, to protect the value of portfolio securities, or to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the market.
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USAIX - Performance

Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -50.1% 10.2% 19.54%
1 Yr -9.8% -27.7% 149.2% 49.21%
3 Yr -5.3%* -12.7% 106.0% 77.79%
5 Yr -2.1%* -9.3% 56.1% 66.67%
10 Yr -1.5%* -7.1% 12.7% 60.28%

* Annualized

Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.2% -75.2% 1360.6% 57.53%
2021 -2.2% -14.5% 1027.9% 83.50%
2020 1.1% -9.6% 118.7% 62.17%
2019 1.7% -11.4% 5.8% 13.43%
2018 -1.0% -49.5% 12.4% 87.87%

Total Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -50.1% 10.2% 21.00%
1 Yr -9.8% -27.7% 149.2% 49.12%
3 Yr -5.3%* -12.7% 106.0% 77.79%
5 Yr -2.1%* -9.3% 56.1% 70.82%
10 Yr -1.5%* -7.1% 13.5% 77.39%

* Annualized

Total Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.2% -75.2% 131.9% 56.12%
2021 -2.2% -14.5% 1027.9% 83.40%
2020 1.1% -9.6% 118.7% 62.17%
2019 1.7% -11.4% 5.8% 14.90%
2018 -1.0% -7.0% 12.4% 88.88%

NAV & Total Return History


USAIX - Holdings

Concentration Analysis

USAIX Category Low Category High USAIX % Rank
Net Assets 5.58 B 1.19 M 287 B 22.14%
Number of Holdings 980 1 17234 36.13%
Net Assets in Top 10 553 M -106 M 27.6 B 35.32%
Weighting of Top 10 9.36% 3.7% 100.0% 97.80%

Top 10 Holdings

  1. United States Treasury Notes 0.25% 1.64%
  2. United States Treasury Notes 2% 1.17%
  3. United States Treasury Bonds 2.375% 1.12%
  4. United States Treasury Notes 0.125% 0.99%
  5. United States Treasury Bonds 2.5% 0.91%
  6. United States Treasury Notes 0.125% 0.82%
  7. United States Treasury Notes 0.125% 0.75%
  8. United States Treasury Bonds 1.875% 0.74%
  9. United States Treasury Bonds 2.25% 0.68%
  10. United States Treasury Notes 0.125% 0.66%

Asset Allocation

Weighting Return Low Return High USAIX % Rank
Bonds
95.20% 3.97% 268.18% 50.23%
Convertible Bonds
2.96% 0.00% 10.39% 10.21%
Cash
1.09% -181.13% 95.99% 67.21%
Preferred Stocks
0.75% 0.00% 77.13% 7.86%
Stocks
0.00% -0.98% 24.74% 82.99%
Other
0.00% -13.23% 23.06% 71.64%

Bond Sector Breakdown

Weighting Return Low Return High USAIX % Rank
Corporate
57.16% 0.00% 100.00% 3.70%
Securitized
16.49% 0.00% 98.79% 85.28%
Government
16.06% 0.00% 86.23% 70.91%
Municipal
9.20% 0.00% 100.00% 5.15%
Cash & Equivalents
1.09% 0.00% 95.99% 88.08%
Derivative
0.00% 0.00% 25.16% 83.47%

Bond Geographic Breakdown

Weighting Return Low Return High USAIX % Rank
US
83.58% 3.63% 210.09% 67.12%
Non US
11.62% -6.54% 58.09% 33.33%

USAIX - Expenses

Operational Fees

USAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.01% 2.93% 72.00%
Management Fee 0.18% 0.00% 1.76% 11.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 78.60%

Sales Fees

USAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

USAIX 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.

USAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 5.13%

USAIX - Distributions

Dividend Yield Analysis

USAIX Category Low Category High USAIX % Rank
Dividend Yield 0.35% 0.00% 42.85% 9.66%

Dividend Distribution Analysis

USAIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

USAIX Category Low Category High USAIX % Rank
Net Income Ratio 2.90% -1.28% 8.97% 3.97%

Capital Gain Distribution Analysis

USAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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USAIX - Fund Manager Analysis

Managers

Julianne Bass


Start Date

Tenure

Tenure Rank

Jul 16, 2012

9.88

9.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16