USGNX: USAA Government Securities

Welcome to MutualFunds.com

Please help us personalize your experience and 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

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

USGNX USAA Government Securities


Profile

USGNX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $983 M
  • Holdings in Top 10 24.9%

52 WEEK LOW AND HIGH

$10.22
$9.87
$10.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Government Securities Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Feb 01, 1991
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    R.Neal Graves

Fund Description

The fund normally invests at least 80% of its assets in government securities, U.S. Treasury bills, notes, and bonds; Treasury Inflation Protected Securities (TIPS); mortgage-backed securities (MBS) backed by the Government National Mortgage Association, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation; U.S. government agency collateralized mortgage obligations; securities issued by U.S. government agencies and instrumentalities; and repurchase agreements collateralized by such investments.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

USGNX - Performance

Return Ranking - Trailing

Period USGNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.3% 9.2% 59.02%
1 Yr 2.5% -4.7% 8.2% 61.95%
3 Yr 1.4%* -2.4% 3.6% 56.11%
5 Yr 0.5%* -13.3% 1.9% 55.56%
10 Yr 0.0%* -4.3% 1.8% 56.64%

* Annualized

Return Ranking - Calendar

Period USGNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -0.4% 7.1% 67.49%
2018 -1.2% -5.4% -0.7% 19.90%
2017 -0.7% -2.3% 0.9% 66.28%
2016 -0.8% -9.3% 1.4% 20.73%
2015 -1.4% -3.2% 3.3% 43.95%

Total Return Ranking - Trailing

Period USGNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.3% 9.2% 59.02%
1 Yr 2.5% -4.7% 8.2% 63.41%
3 Yr 1.4%* -0.6% 5.1% 62.78%
5 Yr 0.5%* -13.3% 4.2% 66.05%
10 Yr 0.0%* -4.3% 6.7% 75.52%

* Annualized

Total Return Ranking - Calendar

Period USGNX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -0.2% 7.1% 69.95%
2018 -1.2% -3.3% 3.0% 39.27%
2017 -0.7% -1.9% 4.6% 75.00%
2016 -0.8% -9.3% 1.5% 53.66%
2015 -1.4% -3.2% 3.3% 66.24%

NAV & Total Return History


Holdings

USGNX - Holdings

Concentration Analysis

USGNX Category Low Category High USGNX % Rank
Net Assets 983 M 1 M 27.2 B 52.15%
Number of Holdings 258 2 15496 63.64%
Net Assets in Top 10 249 M 0 8.51 B 53.59%
Weighting of Top 10 24.87% 0.0% 100.0% 89.12%

Top 10 Holdings

  1. United States Treasury Notes 2.75% 3.61%
  2. FHLMC Pc Prepay Prm 30 3.37% 3.31%
  3. Federal National Mortgage Association 4% 2.88%
  4. United States Treasury Notes 2.12% 2.35%
  5. Federal Home Loan Mortgage Corporation 3.31% 2.24%
  6. Federal Home Loan Mortgage Corporation 2.95% 2.15%
  7. United States Treasury Notes 2% 2.14%
  8. United States Treasury Notes 2.12% 2.08%
  9. United States Treasury Notes 1.62% 2.06%
  10. United States Treasury Notes 2.62% 2.05%

Asset Allocation

Weighting Return Low Return High USGNX % Rank
Bonds
99.17% 0.00% 135.78% 29.19%
Cash
0.83% -59.21% 100.00% 68.42%
Stocks
0.00% -0.01% 12.17% 44.02%
Preferred Stocks
0.00% 0.00% 0.01% 45.45%
Other
0.00% -0.81% 24.29% 49.76%
Convertible Bonds
0.00% 0.00% 0.25% 46.41%

Bond Sector Breakdown

Weighting Return Low Return High USGNX % Rank
Securitized
69.75% 0.00% 98.03% 36.36%
Government
25.40% 0.00% 100.00% 56.94%
Municipal
4.02% 0.00% 14.41% 2.87%
Cash & Equivalents
0.83% 0.00% 100.00% 88.04%
Derivative
0.00% 0.00% 8.89% 52.63%
Corporate
0.00% 0.00% 76.95% 60.29%

Bond Geographic Breakdown

Weighting Return Low Return High USGNX % Rank
US
99.17% 0.00% 134.92% 26.32%
Non US
0.00% 0.00% 4.77% 64.59%

Expenses

USGNX - Expenses

Operational Fees

USGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.03% 2.72% 85.28%
Management Fee 0.13% 0.00% 0.70% 8.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.45% 76.47%

Sales Fees

USGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

USGNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 421.00% 6.36%

Distributions

USGNX - Distributions

Dividend Yield Analysis

USGNX Category Low Category High USGNX % Rank
Dividend Yield 0.00% 0.00% 2.04% 47.37%

Dividend Distribution Analysis

USGNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

USGNX Category Low Category High USGNX % Rank
Net Income Ratio 2.36% 0.34% 3.60% 20.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

USGNX - Fund Manager Analysis

Managers

R.Neal Graves


Start Date

Tenure

Tenure Rank

Oct 01, 2013

6.92

6.9%

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

1.17

1.2%

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
0.32 29.89 8.45 5.6