USAA Growth & Income Class A
- USGIX
- Price as of: Jan 22, 2021
-
$23.87
N/A N/A
- Primary Theme
- U.S. Large-Cap Blend Equity
- Fund Company
- Victory Capital
- Share Class
USGIX - Snapshot
Vitals
- YTD Return 2.5%
- 3 Yr Annualized Return 9.0%
- 5 Yr Annualized Return 11.7%
- Net Assets $1.97 B
- Holdings in Top 10 27.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.14%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 74.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Large-Cap Blend Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Blend
USGIX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.79%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameUSAA Growth & Income Fund
-
Fund Family NameVictory Capital
-
Inception DateAug 02, 2010
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWasif Latif
Fund Description
The fund invests its assets primarily in equity securities that show the best potential for total return through a combination of capital growth and income. Although the fund invests primarily in U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities issued in emerging markets.
USGIX - Performance
Return Ranking - Trailing
Period | USGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -26.8% | 10.5% | 48.11% |
1 Yr | 17.1% | -15.8% | 53.4% | 46.23% |
3 Yr | 9.0%* | -14.5% | 20.6% | 85.58% |
5 Yr | 11.7%* | -3.2% | 20.9% | 83.09% |
10 Yr | 10.9%* | -0.4% | 15.3% | 85.53% |
* Annualized
Return Ranking - Calendar
Period | USGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 16.2% | -40.9% | 2181.7% | 25.24% |
2019 | -2.7% | -22.7% | 41.1% | 98.71% |
2018 | -18.0% | -100.0% | 17.1% | 75.96% |
2017 | 14.6% | -100.0% | 33.2% | 46.33% |
2016 | 10.4% | -44.8% | 25.0% | 15.28% |
Total Return Ranking - Trailing
Period | USGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -26.8% | 10.5% | 48.11% |
1 Yr | 10.4% | -15.8% | 53.4% | 79.73% |
3 Yr | 6.9%* | -14.5% | 20.6% | 93.64% |
5 Yr | 10.4%* | -3.2% | 20.9% | 91.44% |
10 Yr | 10.3%* | -0.4% | 15.3% | 90.09% |
* Annualized
Total Return Ranking - Calendar
Period | USGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 16.2% | -40.9% | 2181.7% | 25.24% |
2019 | -2.7% | -21.6% | 41.1% | 98.71% |
2018 | -18.0% | -100.0% | 17.1% | 85.46% |
2017 | 14.6% | -100.0% | 33.2% | 79.72% |
2016 | 10.4% | -16.4% | 26.8% | 37.05% |
NAV & Total Return History
USGIX - Holdings
Concentration Analysis
USGIX | Category Low | Category High | USGIX % Rank | |
---|---|---|---|---|
Net Assets | 1.97 B | 25 | 1.08 T | 35.50% |
Number of Holdings | 243 | 1 | 3634 | 31.57% |
Net Assets in Top 10 | 534 M | -190 M | 240 B | 37.93% |
Weighting of Top 10 | 27.14% | 2.2% | 100.0% | 68.26% |
Top 10 Holdings
- Microsoft Corp 5.34%
- Apple Inc 4.97%
- Amazon.com Inc 3.72%
- Alphabet Inc Class C 2.35%
- Twilio Inc A 2.28%
- Facebook Inc A 1.94%
- Visa Inc Class A 1.92%
- Nike Inc B 1.73%
- Qualcomm Inc 1.59%
- RingCentral Inc Class A 1.57%
Asset Allocation
Weighting | Return Low | Return High | USGIX % Rank | |
---|---|---|---|---|
Stocks | 99.40% | 0.00% | 154.35% | 42.54% |
Cash | 0.60% | -81.74% | 100.00% | 53.58% |
Preferred Stocks | 0.00% | 0.00% | 13.76% | 84.15% |
Other | 0.00% | -17.16% | 100.00% | 82.61% |
Convertible Bonds | 0.00% | 0.00% | 11.85% | 82.54% |
Bonds | 0.00% | 0.00% | 92.93% | 83.34% |
Stock Sector Breakdown
Weighting | Return Low | Return High | USGIX % Rank | |
---|---|---|---|---|
Technology | 25.90% | 0.00% | 50.13% | 20.77% |
Healthcare | 13.36% | 0.00% | 52.58% | 67.93% |
Consumer Cyclical | 11.88% | 0.00% | 71.06% | 47.29% |
Communication Services | 11.77% | 0.00% | 31.39% | 22.53% |
Financial Services | 11.68% | 0.00% | 47.23% | 78.48% |
Industrials | 9.30% | 0.00% | 29.74% | 47.77% |
Consumer Defense | 6.97% | 0.00% | 42.01% | 57.17% |
Utilities | 2.74% | 0.00% | 16.01% | 44.18% |
Real Estate | 2.69% | 0.00% | 20.42% | 36.40% |
Basic Materials | 2.40% | 0.00% | 26.44% | 44.99% |
Energy | 1.32% | 0.00% | 20.19% | 69.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | USGIX % Rank | |
---|---|---|---|---|
US | 97.80% | 0.00% | 152.83% | 35.45% |
Non US | 1.60% | 0.00% | 61.48% | 51.17% |
USGIX - Expenses
Operational Fees
USGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.14% | 0.01% | 20.53% | 32.05% |
Management Fee | 0.60% | 0.00% | 2.00% | 62.20% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 58.89% |
Administrative Fee | 0.15% | 0.00% | 0.95% | 72.69% |
Sales Fees
USGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 36.84% |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
USGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
USGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 74.00% | 0.00% | 451.00% | 79.00% |
USGIX - Distributions
Dividend Yield Analysis
USGIX | Category Low | Category High | USGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.59% | 83.65% |
Dividend Distribution Analysis
USGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
USGIX | Category Low | Category High | USGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.79% | -3.04% | 16.95% | 68.35% |
Capital Gain Distribution Analysis
USGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 28, 2019 | $0.043 |
Dec 17, 2018 | $0.059 |
Sep 27, 2018 | $0.027 |
Jun 28, 2018 | $0.018 |
Mar 29, 2018 | $0.026 |
Dec 15, 2017 | $0.041 |
Sep 28, 2017 | $0.027 |
Jun 29, 2017 | $0.027 |
Mar 30, 2017 | $0.021 |
Dec 14, 2016 | $0.077 |
Sep 29, 2016 | $0.020 |
Mar 30, 2016 | $0.056 |
Sep 29, 2015 | $0.012 |
Jun 29, 2015 | $0.029 |
Mar 30, 2015 | $0.036 |
Dec 30, 2014 | $0.013 |
Sep 29, 2014 | $0.031 |
Jun 27, 2014 | $0.031 |
Mar 28, 2014 | $0.084 |
Dec 30, 2013 | $0.024 |
Sep 27, 2013 | $0.019 |
Jun 27, 2013 | $0.028 |
Mar 28, 2013 | $0.024 |
Dec 28, 2012 | $0.051 |
Sep 27, 2012 | $0.024 |
Jun 28, 2012 | $0.028 |
Mar 29, 2012 | $0.019 |
Dec 29, 2011 | $0.036 |
Sep 29, 2011 | $0.019 |
Jun 29, 2011 | $0.017 |
Mar 30, 2011 | $0.009 |
Dec 30, 2010 | $0.022 |
Sep 29, 2010 | $0.023 |
USGIX - Fund Manager Analysis
Managers
Wasif Latif
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
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.
Paul Leung
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Paul Leung joined Victory Capital in 2016 in connection with Victory Capital’s acquisition of RS Investments. Prior to joining Victory Capital, Mr. Leung was a member of the RS Growth Team, as an analyst, since 2012. Prior to joining RS Investments in 2012, he worked as a senior investment analyst at Ashfield Capital Partners where he focused on the technology sector. Previously, he held research and financial analyst positions at Sterling Johnston Capital Management, from 2002 to 2010, and Citigroup, from 1999 to 2001. Mr. Leung is a CFA Charterholder. Paul earned his bachelor’s degree in economics and business management from Cornell University.
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.
Stephen Bishop
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Stephen J. Bishop is a co-portfolio manager and analyst on the RS Growth Team. Mr. Bishop has been with Victory Capital since 2016, when Victory Capital acquired RS Investments. Mr. Bishop has been a co-portfolio manager on the RS Growth Team since 2007. He joined RS Investment Management Co. LLC in 1996 as a research analyst primarily covering the technology sector, which remains his area of focus today. Prior to joining RS, he worked as an analyst in the corporate finance department of Dean Witter Reynolds, Inc., for two years. Steve holds a B.A. in economics from the University of Notre Dame and an M.B.A. from Harvard Business School.
Christopher Clark
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Christopher W. Clark has been a co-portfolio manager of the Victory RS Investments Custom Growth Strategy (formerly, the RS Investments Custom Growth Strategy) of the Fund since September 2015. He has worked in investment management since 2001, has been with RS Investments since 2007, has managed investment portfolios since 2014, and has been with Victory Capital since 2016. Before joining RS Investments, he was a research associate at TIAA-CREF for three years, where he focused on global portfolio management and the health care sector. Prior to that, he was a research assistant at Dresdner RCM Global Investors for three years. Chris holds a B.A. in economics from the University of Virginia. Chris is a CFA Charterholder.
Melissa Chadwick-Dunn
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Melissa Chadwick-Dunn is an analyst in the RS Growth Group and a principal at RS Investments. Before joining the firm in 2001, she was an equity analyst at Putnam Investments for two years, covering international small-cap stocks. Prior to that, she spent four years in investment banking, working on corporate finance and mergers-and-acquisition transactions for Lehman Brothers and McDaniels S.A. Melissa holds a B.A. in economics and an M.A. in international relations from the University of Chicago and an M.B.A. from the Wharton School of Business.
D. Scott Tracy
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.5
1.5%
Mr. Tracy joined RS Investments and has been a member of the RS Growth Team since 2001. Prior to joining RS Investments in 2001, he spent three years at Shoreline Investment Management, the in house asset management arm of Hewlett-Packard. He has also served as an equity analyst at Montgomery Securities. Mr. Tracy holds a B.A. in history from Trinity College and an M.B.A. from the University of California at Berkeley. He is also a Chartered Financial Analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 42.02 | 6.34 | 1.0 |