Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

USCRX USAA Cornerstone Moderately Agrsv

  • Fund
  • USCRX
  • Price as of: May 14, 2019
  • $24.16 + $0.14 + 0.58%
  • Category
  • Diversified Portfolio

USCRX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $2.87 B
  • Holdings in Top 10 34.0%

52 WEEK LOW AND HIGH

$24.16
$22.30
$26.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name USAA Cornerstone Moderately Aggressive Fund
  • Fund Family Name USAA
  • Inception Date Aug 15, 1984
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Arnold J. Espe

Fund Description

The USAA Cornerstone Moderately Aggressive Fund (USCRX) is a moderately allocated fund that seeks to slowly grow investor capital with medium levels of risk. The fund is currently balanced at 60% stocks and 40% bonds, which includes foreign equities and bonds as well. USCRX follows a ‘fund of funds’ approach and can also invest in a variety of exchange traded-funds (ETFs) and other investment vehicles to accomplish its goal.

While the fund is designed as a core offering, its high fees can be a deterrent. USCRX is managed by Quantitative Management Associates LLC.

USCRX - Performance

Return Ranking - Trailing

Period USCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -3.6% 18.6% 58.25%
1 Yr -6.5% -27.6% 10.7% 72.13%
3 Yr 0.5%* -9.2% 14.1% 66.69%
5 Yr -1.2%* -24.5% 8.6% 57.92%
10 Yr 4.1%* -14.3% 9.7% 47.42%

* Annualized


Return Ranking - Calendar

Period USCRX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -34.6% 1.6% 71.72%
2017 6.7% -12.4% 33.2% 50.48%
2016 2.6% -65.8% 23.3% 58.46%
2015 -6.9% -64.9% 4.8% 59.23%
2014 2.2% -59.3% 68.3% 26.84%

Total Return Ranking - Trailing

Period USCRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -3.6% 18.6% 59.20%
1 Yr -6.5% -25.5% 11.4% 85.37%
3 Yr 0.5%* -9.2% 14.1% 88.21%
5 Yr -1.2%* -21.8% 47.6% 88.36%
10 Yr 4.1%* -12.6% 13.3% 84.16%

* Annualized


Total Return Ranking - Calendar

Period USCRX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -32.7% 1.6% 85.80%
2017 6.7% -8.4% 33.2% 77.60%
2016 2.6% -65.2% 23.3% 84.74%
2015 -6.9% -62.9% 9.2% 83.46%
2014 2.2% -28.5% 76.9% 70.73%

NAV & Total Return History

USCRX - Holdings

Concentration Analysis

USCRX Category Low Category High USCRX % Rank
Net Assets 2.87 B 608 K 144 B 19.99%
Number of Holdings 373 2 13342 31.50%
Net Assets in Top 10 783 M -752 M 26.4 B 29.54%
Weighting of Top 10 33.99% 0.0% 3196.0% 65.15%

Top 10 Holdings

  1. Vanguard FTSE Developed Markets ETF 6.22%

  2. iShares iBoxx $ High Yield Corp Bd ETF 4.13%

  3. iShares Core MSCI EAFE ETF 3.58%

  4. Vanguard FTSE Europe ETF 3.21%

  5. United States Treasury Bonds 3.12% 3.19%

  6. Schwab Fundamental Intl Lg Co ETF 3.02%

  7. iShares Core MSCI Emerging Markets ETF 2.90%

  8. Us Long Bond(Cbt) Jun19 Xcbt 20190619 2.68%

  9. S+p500 Emini Fut Jun19 Xcme 20190621 2.67%

  10. Vanguard Real Estate ETF 2.40%


Asset Allocation

Weighting Return Low Return High USCRX % Rank
Stocks
55.96% -18.54% 99.89% 47.00%
Bonds
40.36% -342.57% 261.66% 41.62%
Cash
2.24% -285.07% 453.71% 69.51%
Preferred Stocks
0.94% 0.00% 65.70% 13.66%
Other
0.26% -253.31% 51.84% 38.39%
Convertible Bonds
0.24% -0.09% 39.88% 44.21%

Stock Sector Breakdown

Weighting Return Low Return High USCRX % Rank
Financial Services
9.71% -0.38% 47.66% 34.37%
Technology
7.26% -9.43% 28.91% 55.51%
Consumer Cyclical
6.26% -10.37% 33.33% 40.63%
Healthcare
5.33% -2.72% 24.64% 59.05%
Industrials
5.17% -0.28% 27.79% 49.75%
Consumer Defense
4.56% -1.62% 18.58% 31.14%
Basic Materials
4.10% -1.52% 21.64% 8.10%
Energy
4.02% -2.23% 32.61% 29.75%
Real Estate
3.75% -3.85% 73.69% 19.75%
Communication Services
2.49% -0.92% 7.52% 19.56%
Utilities
1.90% -0.60% 23.50% 38.10%

Stock Geographic Breakdown

Weighting Return Low Return High USCRX % Rank
Non US
30.98% -91.46% 98.02% 4.30%
US
24.98% -20.21% 124.70% 71.98%

Bond Sector Breakdown

Weighting Return Low Return High USCRX % Rank
Government
14.91% -203.24% 254.66% 35.42%
Corporate
13.50% 0.00% 93.54% 54.40%
Securitized
13.05% 0.00% 43.20% 29.60%
Cash & Equivalents
1.20% -278.69% 455.04% 80.33%
Municipal
0.03% 0.00% 99.76% 50.60%
Derivative
0.00% -190.53% 70.06% 43.39%

Bond Geographic Breakdown

Weighting Return Low Return High USCRX % Rank
US
38.50% -337.34% 210.96% 35.10%
Non US
1.86% -84.44% 144.19% 76.03%

USCRX - Expenses

Operational Fees

USCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 11.64% 50.22%
Management Fee 0.59% 0.00% 2.50% 66.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.83% 70.85%

Sales Fees

USCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

USCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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.

USCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 6067.00% 60.91%

USCRX - Distributions

Dividend Yield Analysis

USCRX Category Low Category High USCRX % Rank
Dividend Yield 0.01% 0.00% 0.31% 58.38%

Dividend Distribution Analysis

USCRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

USCRX Category Low Category High USCRX % Rank
Net Income Ratio 1.64% -4.09% 6.99% 51.30%

Capital Gain Distribution Analysis

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

USCRX - Managers

Arnold J. Espe

Manager

Start Date

Tenure

Tenure Rank

Jan 16, 2004

15.3

15.3%

Arnold J. Espe, CFA, Vice President of Mutual Fund Portfolios, is a portfolio manager for USAA Investment Management Company, his employer since 2000. Prior to joining USAA, he worked for Capital Consultants from June 1999 to March 2000 and NM Capital Management from September 1996 to June 1999. Espe has more than 30 years of investment management experience. Mr. Espe has 30 years of investment management experience. Education: B.S., Willamette University; M.B.A., University of Oregon.Espe holds the Chartered Financial Analyst designation and is a member of the San Antonio Financial Analysts Society, Inc. and the CFA Institute.


Wasif A. Latif

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2009

9.75

9.8%

Wasif A. Latif 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

Manager

Start Date

Tenure

Tenure Rank

Mar 09, 2016

3.14

3.1%

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.


Tenure Analysis

Category Low

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95