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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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The fund primarily invests its assets in a broad range of U.S. dollar-denominated high-yield securities, including bonds, convertible securities, leveraged loans, or preferred stocks, with an emphasis on non-investment-grade debt securities. Although the fund will invest primarily in U.S. securities, it may invest without limit in dollar-denominated foreign securities and to a limited extent in non-dollar-denominated foreign securities, including in each case emerging markets securities.
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| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.9% | -52.7% | 288.0% | 87.06% |
| 1 Yr | -5.7% | -51.8% | 292.6% | 91.14% |
| 3 Yr | -3.2%* | -23.5% | 57.3% | 90.03% |
| 5 Yr | -1.2%* | -4.1% | 32.2% | 82.90% |
| 10 Yr | -1.0%* | -2.5% | 1.3% | 69.89% |
* Annualized
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 6.7% | -4.2% | 23.9% | 69.31% |
| 2018 | -9.0% | -17.1% | -0.4% | 81.45% |
| 2017 | 1.2% | -5.7% | 4.9% | 35.78% |
| 2016 | 10.8% | 0.3% | 13.4% | 2.48% |
| 2015 | -13.7% | -15.6% | 1.0% | 95.62% |
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.9% | -52.7% | 288.0% | 87.06% |
| 1 Yr | -5.7% | -51.8% | 292.6% | 91.14% |
| 3 Yr | -3.2%* | -23.5% | 57.3% | 93.80% |
| 5 Yr | -1.2%* | -4.1% | 32.2% | 89.68% |
| 10 Yr | -1.0%* | -2.5% | 6.3% | 87.63% |
* Annualized
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 6.7% | -4.2% | 23.9% | 72.38% |
| 2018 | -9.0% | -17.1% | 0.4% | 85.48% |
| 2017 | 1.2% | -5.1% | 9.3% | 55.43% |
| 2016 | 10.8% | 0.5% | 20.7% | 22.05% |
| 2015 | -13.7% | -15.6% | 1.0% | 95.96% |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.83 B | 251 K | 27.2 B | 17.53% |
| Number of Holdings | 470 | 4 | 1683 | 23.34% |
| Net Assets in Top 10 | 187 M | -476 M | 2.65 B | 18.43% |
| Weighting of Top 10 | 10.50% | 5.5% | 100.0% | 48.26% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Bonds | 91.12% | 82.82% | 136.76% | 83.29% |
| Preferred Stocks | 3.43% | 0.00% | 4.16% | 2.46% |
| Cash | 2.77% | -38.26% | 17.18% | 59.21% |
| Stocks | 1.64% | -28.46% | 9.10% | 9.09% |
| Convertible Bonds | 1.04% | 0.00% | 6.33% | 30.47% |
| Other | 0.00% | -1.39% | 5.14% | 71.74% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.35% | 0.00% | 100.00% | 9.40% |
| Healthcare | 22.64% | 0.00% | 100.00% | 9.40% |
| Communication Services | 21.69% | 0.00% | 100.00% | 15.38% |
| Energy | 9.05% | 0.00% | 100.00% | 36.32% |
| Real Estate | 8.19% | 0.00% | 100.00% | 12.82% |
| Technology | 5.72% | 0.00% | 44.74% | 16.24% |
| Basic Materials | 4.95% | 0.00% | 100.00% | 17.09% |
| Consumer Cyclical | 2.41% | 0.00% | 100.00% | 34.62% |
| Utilities | 0.00% | 0.00% | 99.75% | 66.24% |
| Industrials | 0.00% | 0.00% | 100.00% | 78.63% |
| Consumer Defense | 0.00% | 0.00% | 17.19% | 63.68% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 1.51% | -28.07% | 9.10% | 9.34% |
| Non US | 0.13% | -0.39% | 0.32% | 6.14% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Corporate | 95.23% | 0.00% | 100.00% | 63.64% |
| Cash & Equivalents | 2.82% | 0.00% | 17.18% | 61.43% |
| Securitized | 1.05% | 0.00% | 10.88% | 15.23% |
| Government | 0.69% | 0.00% | 93.17% | 10.81% |
| Municipal | 0.20% | 0.00% | 5.04% | 3.93% |
| Derivative | 0.00% | 0.00% | 24.47% | 68.30% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 73.75% | 67.67% | 118.54% | 96.81% |
| Non US | 17.37% | 0.00% | 29.53% | 11.30% |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.13% | 20.17% | 68.62% |
| Management Fee | 0.50% | 0.00% | 1.60% | 25.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.02% | 0.30% | 85.71% |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 82.35% |
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.
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 1.88% | 493.00% | 13.55% |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.43% | 59.71% |
| USHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.93% | -0.01% | 9.04% | 9.64% |
| USHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Mar 28, 2019 | $0.038 |
| Feb 27, 2019 | $0.038 |
| Jan 30, 2019 | $0.031 |
| Dec 17, 2018 | $0.049 |
| Nov 29, 2018 | $0.038 |
| Oct 30, 2018 | $0.043 |
| Sep 27, 2018 | $0.034 |
| Aug 30, 2018 | $0.041 |
| Jul 30, 2018 | $0.037 |
| Jun 28, 2018 | $0.037 |
| May 30, 2018 | $0.040 |
| Apr 27, 2018 | $0.039 |
| Mar 29, 2018 | $0.041 |
| Feb 27, 2018 | $0.041 |
| Jan 30, 2018 | $0.029 |
| Dec 15, 2017 | $0.049 |
| Nov 29, 2017 | $0.041 |
| Oct 30, 2017 | $0.039 |
| Sep 28, 2017 | $0.041 |
| Aug 30, 2017 | $0.039 |
| Jul 28, 2017 | $0.034 |
| Jun 29, 2017 | $0.043 |
| May 30, 2017 | $0.037 |
| Apr 27, 2017 | $0.037 |
| Mar 30, 2017 | $0.044 |
| Feb 27, 2017 | $0.039 |
| Jan 30, 2017 | $0.026 |
| Dec 14, 2016 | $0.052 |
| Nov 29, 2016 | $0.040 |
| Oct 28, 2016 | $0.039 |
| Sep 29, 2016 | $0.041 |
| Aug 30, 2016 | $0.042 |
| Jul 28, 2016 | $0.039 |
| Jun 29, 2016 | $0.031 |
| May 27, 2016 | $0.035 |
| Apr 28, 2016 | $0.040 |
| Mar 30, 2016 | $0.046 |
| Feb 26, 2016 | $0.040 |
| Jan 28, 2016 | $0.035 |
| Nov 27, 2015 | $0.038 |
| Oct 29, 2015 | $0.039 |
| Sep 29, 2015 | $0.043 |
| Aug 28, 2015 | $0.036 |
| Jul 30, 2015 | $0.042 |
| Jun 29, 2015 | $0.036 |
| May 28, 2015 | $0.035 |
| Apr 29, 2015 | $0.041 |
| Mar 30, 2015 | $0.039 |
| Feb 26, 2015 | $0.038 |
| Jan 29, 2015 | $0.031 |
| Dec 17, 2014 | $0.051 |
| Nov 26, 2014 | $0.035 |
| Oct 30, 2014 | $0.042 |
| Sep 29, 2014 | $0.041 |
| Aug 28, 2014 | $0.037 |
| Jul 30, 2014 | $0.045 |
| Jun 27, 2014 | $0.033 |
| May 29, 2014 | $0.037 |
| Apr 29, 2014 | $0.045 |
| Mar 28, 2014 | $0.043 |
| Feb 27, 2014 | $0.041 |
| Jan 30, 2014 | $0.037 |
| Dec 18, 2013 | $0.054 |
| Nov 27, 2013 | $0.041 |
| Oct 30, 2013 | $0.047 |
| Sep 27, 2013 | $0.042 |
| Aug 29, 2013 | $0.045 |
| Jul 30, 2013 | $0.047 |
| Jun 27, 2013 | $0.041 |
| May 30, 2013 | $0.044 |
| Apr 29, 2013 | $0.042 |
| Mar 28, 2013 | $0.041 |
| Feb 27, 2013 | $0.045 |
| Jan 30, 2013 | $0.037 |
| Dec 19, 2012 | $0.050 |
| Nov 29, 2012 | $0.048 |
| Oct 31, 2012 | $0.048 |
| Sep 27, 2012 | $0.042 |
| Aug 30, 2012 | $0.050 |
| Jul 30, 2012 | $0.044 |
| Jun 28, 2012 | $0.044 |
| May 30, 2012 | $0.052 |
| Apr 27, 2012 | $0.046 |
| Mar 29, 2012 | $0.047 |
| Feb 28, 2012 | $0.051 |
| Jan 30, 2012 | $0.037 |
| Dec 20, 2011 | $0.053 |
| Nov 29, 2011 | $0.051 |
| Oct 28, 2011 | $0.044 |
| Sep 29, 2011 | $0.048 |
| Aug 30, 2011 | $0.057 |
| Jul 28, 2011 | $0.042 |
| Jun 29, 2011 | $0.058 |
| May 27, 2011 | $0.045 |
| Apr 28, 2011 | $0.048 |
| Mar 30, 2011 | $0.050 |
| Feb 25, 2011 | $0.048 |
| Jan 28, 2011 | $0.042 |
| Dec 21, 2010 | $0.066 |
| Nov 29, 2010 | $0.051 |
| Oct 28, 2010 | $0.049 |
| Sep 29, 2010 | $0.052 |
| Aug 30, 2010 | $0.053 |
| Jul 29, 2010 | $0.047 |
| Jun 29, 2010 | $0.058 |
| May 27, 2010 | $0.057 |
| Apr 29, 2010 | $0.051 |
| Mar 30, 2010 | $0.057 |
| Feb 25, 2010 | $0.054 |
| Jan 28, 2010 | $0.037 |
| Dec 22, 2009 | $0.079 |
| Nov 27, 2009 | $0.049 |
| Oct 29, 2009 | $0.052 |
| Sep 29, 2009 | $0.055 |
| Aug 28, 2009 | $0.052 |
| Jul 30, 2009 | $0.054 |
| Jun 29, 2009 | $0.049 |
| May 28, 2009 | $0.051 |
| Apr 29, 2009 | $0.054 |
| Mar 30, 2009 | $0.056 |
| Feb 26, 2009 | $0.052 |
| Jan 29, 2009 | $0.044 |
| Dec 19, 2008 | $0.058 |
| Nov 26, 2008 | $0.045 |
| Oct 30, 2008 | $0.055 |
| Sep 29, 2008 | $0.052 |
| Aug 28, 2008 | $0.048 |
| Jul 30, 2008 | $0.055 |
| Jun 27, 2008 | $0.051 |
| May 29, 2008 | $0.049 |
| Apr 29, 2008 | $0.053 |
| Mar 28, 2008 | $0.049 |
| Feb 28, 2008 | $0.050 |
| Jan 30, 2008 | $0.048 |
| Dec 28, 2007 | $0.062 |
| Nov 29, 2007 | $0.053 |
| Oct 30, 2007 | $0.055 |
| Sep 27, 2007 | $0.050 |
| Aug 30, 2007 | $0.050 |
| Jul 30, 2007 | $0.050 |
| Jun 28, 2007 | $0.053 |
| May 30, 2007 | $0.053 |
| Apr 27, 2007 | $0.052 |
| Mar 29, 2007 | $0.052 |
| Feb 27, 2007 | $0.053 |
| Jan 30, 2007 | $0.040 |
| Dec 28, 2006 | $0.059 |
| Nov 29, 2006 | $0.054 |
| Oct 30, 2006 | $0.047 |
| Sep 28, 2006 | $0.047 |
| Aug 30, 2006 | $0.053 |
| Jul 28, 2006 | $0.050 |
| Jun 29, 2006 | $0.050 |
| May 30, 2006 | $0.051 |
| Apr 27, 2006 | $0.047 |
| Mar 30, 2006 | $0.048 |
| Feb 27, 2006 | $0.049 |
| Jan 30, 2006 | $0.047 |
| Dec 29, 2005 | $0.054 |
| Nov 29, 2005 | $0.051 |
| Oct 28, 2005 | $0.048 |
| Sep 29, 2005 | $0.053 |
| Aug 30, 2005 | $0.050 |
| Jul 28, 2005 | $0.049 |
| Jun 29, 2005 | $0.052 |
| May 27, 2005 | $0.049 |
| Apr 28, 2005 | $0.053 |
| Mar 30, 2005 | $0.051 |
| Feb 25, 2005 | $0.050 |
| Jan 28, 2005 | $0.052 |
| Dec 30, 2004 | $0.051 |
| Nov 29, 2004 | $0.051 |
| Oct 28, 2004 | $0.051 |
| Sep 29, 2004 | $0.051 |
| Aug 30, 2004 | $0.052 |
| Jul 29, 2004 | $0.049 |
| Jun 29, 2004 | $0.052 |
| May 27, 2004 | $0.051 |
| Apr 29, 2004 | $0.051 |
| Mar 30, 2004 | $0.058 |
| Feb 26, 2004 | $0.055 |
| Jan 29, 2004 | $0.047 |
| Dec 30, 2003 | $0.059 |
| Nov 26, 2003 | $0.052 |
| Oct 30, 2003 | $0.053 |
| Sep 29, 2003 | $0.056 |
| Aug 28, 2003 | $0.053 |
| Jul 30, 2003 | $0.054 |
| Jun 27, 2003 | $0.058 |
| May 29, 2003 | $0.056 |
| Apr 29, 2003 | $0.053 |
| Mar 28, 2003 | $0.060 |
| Feb 27, 2003 | $0.056 |
| Jan 30, 2003 | $0.060 |
| Dec 30, 2002 | $0.063 |
| Nov 27, 2002 | $0.057 |
| Oct 30, 2002 | $0.058 |
| Sep 27, 2002 | $0.060 |
| Aug 29, 2002 | $0.057 |
| Jul 30, 2002 | $0.065 |
| Jun 27, 2002 | $0.070 |
| May 30, 2002 | $0.060 |
| Apr 29, 2002 | $0.061 |
| Mar 27, 2002 | $0.070 |
| Feb 27, 2002 | $0.069 |
| Jan 30, 2002 | $0.070 |
| Dec 28, 2001 | $0.071 |
| Nov 29, 2001 | $0.072 |
| Oct 30, 2001 | $0.068 |
| Sep 27, 2001 | $0.079 |
| Aug 30, 2001 | $0.078 |
| Jul 30, 2001 | $0.078 |
| Jun 28, 2001 | $0.084 |
| May 30, 2001 | $0.086 |
| Apr 27, 2001 | $0.068 |
| Mar 29, 2001 | $0.097 |
| Feb 27, 2001 | $0.086 |
| Jan 30, 2001 | $0.096 |
| Dec 28, 2000 | $0.090 |
| Nov 29, 2000 | $0.092 |
| Oct 30, 2000 | $0.091 |
| Aug 31, 2000 | $0.091 |
| Jul 31, 2000 | $0.083 |
| Jun 30, 2000 | $0.093 |
| May 31, 2000 | $0.086 |
| Apr 28, 2000 | $0.087 |
| Mar 31, 2000 | $0.090 |
| Feb 29, 2000 | $0.076 |
| Jan 28, 2000 | $0.067 |
| Dec 31, 1999 | $0.110 |
| Nov 30, 1999 | $0.075 |
| Oct 29, 1999 | $0.072 |
| Sep 30, 1999 | $0.085 |
| Aug 31, 1999 | $0.049 |
Start Date
Tenure
Tenure Rank
Jan 04, 2007
13.67
13.7%
Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Start Date
Tenure
Tenure Rank
Nov 04, 2016
3.82
3.8%
CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Start Date
Tenure
Tenure Rank
Nov 04, 2016
3.82
3.8%
Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.
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.
Start Date
Tenure
Tenure Rank
Jul 01, 2019
1.17
1.2%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.05 | 6.99 | 1.67 |
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