USBSX: USAA Cornerstone Moderate Fund - MutualFunds.com
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USAA Cornerstone Moderate

USBSX - Snapshot

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 7.3%
  • 5 Yr Annualized Return 7.4%
  • Net Assets $1.25 B
  • Holdings in Top 10 35.9%

52 WEEK LOW AND HIGH

$16.73
$13.65
$16.84

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


Compare USBSX to Popular U.S. Conservative/Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$2.50

+0.40%

$71.01 B

4.71%

$0.12

8.70%

0.61%

$29.27

+0.27%

$63.56 B

2.56%

$0.75

3.32%

0.23%

$11.47

0.00%

$17.90 B

3.85%

$0.44

2.59%

0.68%

$16.53

+0.30%

$15.20 B

2.23%

$0.37

4.69%

0.67%

$11.56

+0.26%

$13.37 B

3.41%

$0.39

3.96%

0.77%

USBSX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    USAA Cornerstone Moderate Fund
  • Fund Family Name
    USAA
  • Inception Date
    Sep 01, 1995
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lance Humphrey

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 4.5% -32.5% 15.8% 36.67%
1 Yr 22.9% 7.1% 74.5% 37.06%
3 Yr 7.3%* -1.1% 26.8% 66.48%
5 Yr 7.4%* 1.6% 22.4% 51.09%
10 Yr 5.1%* 2.6% 9.1% 80.73%

* Annualized

Return Ranking - Calendar

Period USBSX Return Category Return Low Category Return High Rank in Category (%)
2020 6.7% -10.6% 40.7% 26.65%
2019 12.6% -9.5% 22.1% 24.10%
2018 -10.8% -21.7% -3.5% 68.26%
2017 5.9% -7.3% 13.7% 47.58%
2016 2.3% -9.0% 23.3% 66.28%

Total Return Ranking - Trailing

Period USBSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -32.5% 15.8% 36.48%
1 Yr 22.9% 1.8% 74.5% 32.03%
3 Yr 7.3%* -2.3% 26.8% 60.23%
5 Yr 7.4%* 1.4% 22.4% 46.92%
10 Yr 5.1%* 2.6% 9.1% 77.37%

* Annualized

Total Return Ranking - Calendar

Period USBSX Return Category Return Low Category Return High Rank in Category (%)
2020 6.7% -10.6% 40.7% 26.65%
2019 12.6% -9.5% 22.1% 25.10%
2018 -10.8% -21.7% -2.0% 89.63%
2017 5.9% -5.9% 16.6% 83.26%
2016 2.3% -5.0% 23.3% 87.53%

NAV & Total Return History


USBSX - Holdings

Concentration Analysis

USBSX Category Low Category High USBSX % Rank
Net Assets 1.25 B 1.67 M 71 B 33.94%
Number of Holdings 492 3 20153 26.34%
Net Assets in Top 10 437 M -28.7 M 13.1 B 39.04%
Weighting of Top 10 35.91% 9.2% 100.0% 64.80%

Top 10 Holdings

  1. iShares Core S&P 500 ETF 7.92%
  2. VictoryShares USAA Cor Intmdt-Trm Bd ETF 4.95%
  3. Vanguard FTSE Developed Markets ETF 4.11%
  4. Schwab Fundamental Intl Lg Co ETF 3.73%
  5. iShares Core S&P Small-Cap ETF 3.09%
  6. iShares Core US Aggregate Bond ETF 2.92%
  7. iShares Core MSCI Emerging Markets ETF 2.81%
  8. Vanguard S&P 500 ETF 2.50%
  9. Schwab Fundamental Emerg Mkts Lg Co ETF 2.14%
  10. United States Treasury Notes 1.62% 1.75%

Asset Allocation

Weighting Return Low Return High USBSX % Rank
Stocks
51.95% 7.19% 72.40% 7.92%
Bonds
43.79% 0.00% 87.33% 71.64%
Cash
2.16% -22.94% 26.99% 72.38%
Other
0.87% -7.41% 38.71% 18.78%
Preferred Stocks
0.77% 0.00% 68.29% 24.68%
Convertible Bonds
0.46% 0.00% 55.07% 76.80%

Stock Sector Breakdown

Weighting Return Low Return High USBSX % Rank
Technology
18.55% 0.00% 57.33% 37.20%
Financial Services
15.72% 0.00% 47.16% 33.89%
Consumer Cyclical
11.56% 0.00% 20.33% 41.62%
Healthcare
11.22% 0.00% 23.32% 70.72%
Industrials
10.39% 0.00% 24.66% 56.35%
Communication Services
7.81% 0.00% 19.29% 55.25%
Basic Materials
6.34% 0.00% 22.39% 13.63%
Consumer Defense
6.33% 0.00% 22.65% 64.27%
Energy
4.53% 0.00% 23.75% 40.88%
Real Estate
4.44% 0.00% 100.00% 46.59%
Utilities
3.10% 0.00% 34.85% 48.25%

Stock Geographic Breakdown

Weighting Return Low Return High USBSX % Rank
US
29.36% -4.34% 63.48% 50.64%
Non US
22.59% 0.00% 28.08% 5.71%

Bond Sector Breakdown

Weighting Return Low Return High USBSX % Rank
Corporate
42.28% 0.00% 98.21% 41.99%
Government
26.54% 0.00% 99.98% 39.04%
Securitized
22.28% 0.00% 52.57% 31.49%
Cash & Equivalents
5.59% 0.00% 87.60% 74.77%
Municipal
3.30% 0.00% 100.00% 12.15%
Derivative
0.00% 0.00% 26.13% 88.95%

Bond Geographic Breakdown

Weighting Return Low Return High USBSX % Rank
US
40.33% 0.00% 66.19% 51.75%
Non US
3.46% -14.52% 52.66% 81.40%

USBSX - Expenses

Operational Fees

USBSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.01% 7.06% 39.96%
Management Fee 0.59% 0.00% 1.39% 77.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.70% 82.35%

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% 2.00% 395.00% 76.82%

USBSX - Distributions

Dividend Yield Analysis

USBSX Category Low Category High USBSX % Rank
Dividend Yield 0.00% 0.00% 4.88% 82.48%

Dividend Distribution Analysis

USBSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

USBSX Category Low Category High USBSX % Rank
Net Income Ratio 2.01% -0.41% 6.42% 51.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

USBSX - Fund Manager Analysis

Managers

Lance Humphrey


Start Date

Tenure

Tenure Rank

Mar 09, 2016

5.15

5.2%

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

1.83

1.8%

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

1.83

1.8%

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

1.83

1.8%

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
0.04 27.64 6.12 1.33