USAA Cornerstone Moderate
- USBSX
- Price as of: Jan 25, 2021
-
$16.34
N/A N/A
- Primary Theme
- U.S. Conservative/Balanced Allocation
- Fund Company
- Victory Capital
- Share Class
USBSX - Snapshot
Vitals
- YTD Return 2.0%
- 3 Yr Annualized Return 5.4%
- 5 Yr Annualized Return 6.8%
- Net Assets $1.23 B
- Holdings in Top 10 28.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.00%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 87.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $500
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Conservative/Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--30% to 50% Equity
USBSX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameUSAA Cornerstone Moderate Fund
-
Fund Family NameUSAA
-
Inception DateSep 01, 1995
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWasif Latif
Fund Description
The fund invests in equity securities, bonds, money market instruments, and other instruments including derivatives. It has a target asset class allocation of approximately 50% equity securities and 50% fixed-income securities. The implementation of the asset allocation may involve the extensive use of equity and fixed-income ETFs. The fund also may invest in investment-grade and below-investment-grade ("junk" or high-yield) fixed-income securities.
USBSX - Performance
Return Ranking - Trailing
Period | USBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.9% | 5.9% | 11.83% |
1 Yr | 8.5% | -7.0% | 53.6% | 53.97% |
3 Yr | 5.4%* | -0.6% | 25.4% | 65.87% |
5 Yr | 6.8%* | 1.2% | 21.2% | 59.46% |
10 Yr | 5.4%* | 1.6% | 9.3% | 77.09% |
* Annualized
Return Ranking - Calendar
Period | USBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 6.7% | -10.6% | 40.7% | 25.75% |
2019 | 12.6% | -9.5% | 22.1% | 23.26% |
2018 | -10.8% | -21.7% | -2.6% | 68.20% |
2017 | 5.9% | -7.3% | 13.7% | 45.86% |
2016 | 2.3% | -9.0% | 23.3% | 66.67% |
Total Return Ranking - Trailing
Period | USBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.9% | 5.9% | 11.83% |
1 Yr | 8.5% | -10.0% | 53.6% | 44.58% |
3 Yr | 5.4%* | -1.5% | 25.4% | 59.45% |
5 Yr | 6.8%* | 0.8% | 21.2% | 53.86% |
10 Yr | 5.4%* | 1.6% | 9.3% | 72.63% |
* Annualized
Total Return Ranking - Calendar
Period | USBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 6.7% | -10.6% | 40.7% | 25.75% |
2019 | 12.6% | -9.5% | 22.1% | 24.22% |
2018 | -10.8% | -21.7% | -2.0% | 90.00% |
2017 | 5.9% | -5.9% | 16.6% | 82.80% |
2016 | 2.3% | -5.0% | 23.3% | 88.00% |
NAV & Total Return History
USBSX - Holdings
Concentration Analysis
USBSX | Category Low | Category High | USBSX % Rank | |
---|---|---|---|---|
Net Assets | 1.23 B | 2.47 M | 68.6 B | 32.63% |
Number of Holdings | 706 | 2 | 19978 | 21.24% |
Net Assets in Top 10 | 333 M | 2.4 M | 13 B | 43.89% |
Weighting of Top 10 | 28.30% | 8.9% | 100.0% | 73.50% |
Top 10 Holdings
- iShares Core S&P 500 ETF 8.19%
- Vanguard FTSE Developed Markets ETF 4.54%
- Schwab Fundamental Intl Lg Co ETF 3.24%
- Vanguard S&P 500 ETF 2.46%
- Schwab Fundamental Emerg Mkts Lg Co ETF 1.86%
- United States Treasury Notes 1.62% 1.82%
- iShares Core US Aggregate Bond ETF 1.66%
- iShares Core MSCI Emerging Markets ETF 1.61%
- United States Treasury Notes 1.62% 1.58%
- iShares Core MSCI EAFE ETF 1.34%
Asset Allocation
Weighting | Return Low | Return High | USBSX % Rank | |
---|---|---|---|---|
Stocks | 50.60% | 0.66% | 77.82% | 9.20% |
Bonds | 43.15% | 0.00% | 183.36% | 82.12% |
Cash | 2.69% | -144.08% | 34.13% | 65.84% |
Other | 2.09% | -4.63% | 36.40% | 15.22% |
Preferred Stocks | 1.14% | 0.00% | 66.51% | 22.48% |
Convertible Bonds | 0.33% | 0.00% | 52.36% | 81.42% |
Stock Sector Breakdown
Weighting | Return Low | Return High | USBSX % Rank | |
---|---|---|---|---|
Technology | 18.15% | 0.00% | 62.50% | 43.89% |
Financial Services | 14.75% | 0.00% | 41.32% | 28.14% |
Healthcare | 12.23% | 0.00% | 19.67% | 67.61% |
Consumer Cyclical | 10.94% | 0.00% | 23.76% | 46.90% |
Industrials | 10.10% | 0.00% | 22.22% | 56.46% |
Communication Services | 7.99% | 0.00% | 17.83% | 53.10% |
Consumer Defense | 7.17% | 0.00% | 22.17% | 58.94% |
Basic Materials | 6.80% | 0.00% | 26.28% | 9.03% |
Real Estate | 4.44% | 0.00% | 100.00% | 46.55% |
Energy | 4.10% | 0.00% | 23.40% | 26.90% |
Utilities | 3.32% | 0.00% | 34.62% | 45.13% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | USBSX % Rank | |
---|---|---|---|---|
US | 27.46% | 0.53% | 68.90% | 56.64% |
Non US | 23.14% | 0.00% | 34.64% | 4.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | USBSX % Rank | |
---|---|---|---|---|
Corporate | 41.81% | 0.00% | 97.39% | 40.88% |
Government | 25.81% | 0.00% | 99.94% | 41.24% |
Securitized | 23.25% | 0.00% | 47.90% | 35.40% |
Cash & Equivalents | 5.99% | 0.06% | 53.68% | 67.08% |
Municipal | 3.14% | 0.00% | 99.70% | 12.74% |
Derivative | 0.00% | 0.00% | 33.48% | 79.29% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | USBSX % Rank | |
---|---|---|---|---|
US | 40.22% | 0.00% | 84.28% | 57.88% |
Non US | 2.93% | -12.10% | 119.86% | 85.49% |
USBSX - Expenses
Operational Fees
USBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 6.06% | 39.81% |
Management Fee | 0.59% | 0.00% | 1.39% | 76.67% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.70% | 76.28% |
Sales Fees
USBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
USBSX 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.
USBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 87.00% | 5.00% | 395.00% | 79.01% |
USBSX - Distributions
Dividend Yield Analysis
USBSX | Category Low | Category High | USBSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.58% | 59.12% |
Dividend Distribution Analysis
USBSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
USBSX | Category Low | Category High | USBSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.01% | -0.41% | 6.42% | 56.59% |
Capital Gain Distribution Analysis
USBSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 28, 2019 | $0.051 |
Dec 28, 2018 | $0.113 |
Sep 27, 2018 | $0.058 |
Jun 28, 2018 | $0.073 |
Mar 29, 2018 | $0.038 |
Dec 28, 2017 | $0.093 |
Sep 28, 2017 | $0.055 |
Jun 29, 2017 | $0.072 |
Mar 30, 2017 | $0.057 |
Dec 29, 2016 | $0.101 |
Sep 29, 2016 | $0.068 |
Jun 29, 2016 | $0.101 |
Mar 30, 2016 | $0.075 |
Dec 30, 2015 | $0.108 |
Sep 29, 2015 | $0.094 |
Jun 29, 2015 | $0.105 |
Mar 30, 2015 | $0.068 |
Dec 30, 2014 | $0.113 |
Sep 29, 2014 | $0.077 |
Jun 27, 2014 | $0.126 |
Mar 28, 2014 | $0.083 |
Dec 30, 2013 | $0.111 |
Sep 27, 2013 | $0.122 |
Jun 27, 2013 | $0.078 |
Mar 28, 2013 | $0.074 |
Dec 28, 2012 | $0.125 |
Sep 27, 2012 | $0.087 |
Jun 28, 2012 | $0.117 |
Mar 29, 2012 | $0.074 |
Dec 29, 2011 | $0.137 |
Sep 29, 2011 | $0.084 |
Jun 29, 2011 | $0.107 |
Mar 30, 2011 | $0.081 |
Dec 30, 2010 | $0.114 |
Sep 29, 2010 | $0.083 |
Jun 29, 2010 | $0.122 |
Mar 30, 2010 | $0.098 |
Dec 30, 2009 | $0.124 |
Sep 29, 2009 | $0.120 |
Jun 29, 2009 | $0.126 |
Mar 30, 2009 | $0.107 |
Dec 30, 2008 | $0.105 |
Sep 29, 2008 | $0.093 |
Jun 27, 2008 | $0.104 |
Mar 28, 2008 | $0.084 |
Dec 28, 2007 | $0.131 |
Sep 27, 2007 | $0.085 |
Jun 28, 2007 | $0.084 |
Mar 29, 2007 | $0.081 |
Dec 28, 2006 | $0.119 |
Sep 28, 2006 | $0.083 |
Jun 29, 2006 | $0.095 |
Mar 30, 2006 | $0.091 |
Dec 29, 2005 | $0.084 |
Sep 29, 2005 | $0.069 |
Jun 29, 2005 | $0.067 |
Mar 30, 2005 | $0.062 |
Dec 30, 2004 | $0.090 |
Sep 29, 2004 | $0.052 |
Jun 29, 2004 | $0.048 |
Mar 30, 2004 | $0.046 |
Dec 30, 2003 | $0.054 |
Sep 29, 2003 | $0.053 |
Jun 27, 2003 | $0.064 |
Mar 28, 2003 | $0.060 |
Dec 30, 2002 | $0.073 |
Sep 27, 2002 | $0.070 |
Jun 27, 2002 | $0.090 |
Mar 27, 2002 | $0.080 |
Dec 28, 2001 | $0.076 |
Sep 27, 2001 | $0.080 |
Jun 28, 2001 | $0.100 |
Mar 29, 2001 | $0.090 |
Dec 28, 2000 | $0.070 |
Sep 28, 2000 | $0.080 |
Jun 30, 2000 | $0.080 |
Mar 31, 2000 | $0.060 |
Dec 31, 1999 | $0.067 |
Sep 30, 1999 | $0.060 |
Jun 30, 1999 | $0.060 |
Mar 31, 1999 | $0.040 |
Dec 31, 1998 | $0.059 |
Sep 30, 1998 | $0.080 |
Jun 30, 1998 | $0.087 |
Dec 30, 1997 | $0.088 |
Sep 30, 1997 | $0.090 |
Jun 30, 1997 | $0.090 |
Mar 31, 1997 | $0.080 |
Dec 30, 1996 | $0.090 |
Sep 30, 1996 | $0.080 |
Jun 28, 1996 | $0.080 |
Mar 29, 1996 | $0.060 |
USBSX - Fund Manager Analysis
Managers
Wasif Latif
Start Date
Tenure
Tenure Rank
Jul 17, 2009
11.47
11.5%
Wasif A. Latif, Head of Investments, VictoryShares and Solutions, has co-managed the Fund since July 2019. He is Head of Global Multi-Assets for USAA Asset Management Company and he has worked for the firm since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes. Mr. Latif holds a B.S. in finance from University of Indianapolis and a M.B.A. from University of Illinois at Chicago.
Lance Humphrey
Start Date
Tenure
Tenure Rank
Mar 09, 2016
4.82
4.8%
Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.
R.Neal Graves
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
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.
Mannik Dhillon
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.
James Jackson
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
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 |
---|---|---|---|
0.02 | 27.31 | 5.95 | 1.0 |