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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA Income Fund

USAIX | Fund

$11.03

$5.58 B

2.48%

$0.27

0.44%

Vitals

YTD Return

-16.8%

1 yr return

-8.5%

3 Yr Avg Return

0.9%

5 Yr Avg Return

1.9%

Net Assets

$5.58 B

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$11.1
$10.96
$13.70

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

Investment Style

Intermediate Core-Plus Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA Income Fund

USAIX | Fund

$11.03

$5.58 B

2.48%

$0.27

0.44%

USAIX - Profile

Distributions

  • YTD Total Return -16.8%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.90%
DIVIDENDS
  • Dividend Yield 2.5%
  • 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. It 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.


USAIX - Performance

Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.8% -50.1% -0.6% 67.66%
1 Yr -8.5% -21.8% 6.9% 42.91%
3 Yr 0.9%* -4.0% 10.6% 17.28%
5 Yr 1.9%* -1.6% 6.3% 13.92%
10 Yr 2.7%* -0.5% 7.0% 14.83%

* Annualized

Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2021 -4.3% -75.2% 1360.6% 82.82%
2020 3.4% -14.5% 1027.9% 61.62%
2019 7.0% -11.1% 23.0% 10.79%
2018 -4.7% -11.4% 6.8% 89.31%
2017 2.0% -49.5% 12.4% 19.76%

Total Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.8% -50.1% -0.6% 67.57%
1 Yr -8.5% -21.8% 2.9% 36.46%
3 Yr 0.9%* -4.0% 8.7% 15.92%
5 Yr 1.9%* -1.6% 5.3% 13.26%
10 Yr 2.7%* -0.5% 6.5% 13.94%

* Annualized

Total Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2021 -4.3% -75.2% 93.6% 82.82%
2020 3.4% -14.5% 1027.9% 61.62%
2019 7.0% -11.1% 23.0% 12.14%
2018 -4.7% -11.4% 6.8% 90.20%
2017 2.0% -49.5% 12.4% 38.80%

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 22.18%
Number of Holdings 980 1 17234 35.96%
Net Assets in Top 10 553 M -106 M 27.6 B 35.43%
Weighting of Top 10 9.36% 3.7% 100.0% 97.81%

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% 50.40%
Convertible Bonds
2.96% 0.00% 10.39% 10.58%
Cash
1.09% -181.13% 95.99% 66.82%
Preferred Stocks
0.75% 0.00% 77.13% 8.25%
Stocks
0.00% -1.15% 24.74% 73.55%
Other
0.00% -13.23% 23.06% 63.05%

Bond Sector Breakdown

Weighting Return Low Return High USAIX % Rank
Corporate
57.16% 0.00% 100.00% 3.86%
Securitized
16.49% 0.00% 98.79% 85.38%
Government
16.06% 0.00% 86.23% 70.85%
Municipal
9.20% 0.00% 100.00% 5.20%
Cash & Equivalents
1.09% 0.00% 95.99% 88.07%
Derivative
0.00% 0.00% 25.16% 76.41%

Bond Geographic Breakdown

Weighting Return Low Return High USAIX % Rank
US
83.58% 3.63% 210.09% 67.17%
Non US
11.62% -6.54% 58.09% 33.27%

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% 72.30%
Management Fee 0.18% 0.00% 1.76% 10.90%
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 2.48% 0.00% 7.00% 6.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USAIX Category Low Category High USAIX % Rank
Net Income Ratio 2.90% -1.28% 8.97% 3.95%

Capital Gain Distribution Analysis

USAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

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