USHYX: USAA High Income Fund - MutualFunds.com

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USAA High Income

USHYX - Snapshot

Vitals

  • YTD Return -3.4%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.75 B
  • Holdings in Top 10 10.5%

52 WEEK LOW AND HIGH

$7.66
$6.04
$8.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare USHYX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

5.14%

$0.30

-0.50%

-

$7.70

+0.13%

$25.49 B

4.81%

$0.37

-0.90%

-

$86.20

-0.14%

$23.82 B

4.88%

$4.22

-1.71%

-

$5.45

0.00%

$20.11 B

5.75%

$0.31

-2.33%

-

$10.02

+0.30%

$16.76 B

6.07%

$0.61

-0.60%

-

USHYX - Profile

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA High Income Fund
  • Fund Family Name
    USAA
  • Inception Date
    Aug 02, 1999
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julianne Bass

Fund Description

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.


USHYX - Performance

Return Ranking - Trailing

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -48.4% 393.3% 80.03%
1 Yr -0.2% -54.3% 9.9% 80.30%
3 Yr 2.2%* -21.8% 8.3% 79.17%
5 Yr 4.8%* -0.9% 9.0% 59.69%
10 Yr 5.2%* 0.7% 9.2% 50.30%

* Annualized

Return Ranking - Calendar

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -10.3% 226.1% 64.89%
2018 -9.0% -18.4% -0.2% 79.03%
2017 1.2% -9.5% 18.8% 45.59%
2016 10.8% -9.1% 28.6% 5.69%
2015 -13.7% -34.3% 3.5% 90.37%

Total Return Ranking - Trailing

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -48.4% 393.3% 79.89%
1 Yr -0.2% -54.3% 9.9% 66.99%
3 Yr 2.2%* -21.8% 8.3% 68.30%
5 Yr 4.8%* -1.1% 9.0% 51.54%
10 Yr 5.2%* 0.7% 9.2% 46.26%

* Annualized

Total Return Ranking - Calendar

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -8.1% 23.9% 67.34%
2018 -9.0% -18.4% 1.3% 83.28%
2017 1.2% -8.5% 18.8% 59.40%
2016 10.8% -9.1% 39.0% 19.57%
2015 -13.7% -32.4% 3.5% 91.91%

NAV & Total Return History


USHYX - Holdings

Concentration Analysis

USHYX Category Low Category High USHYX % Rank
Net Assets 1.75 B 3.33 M 27.6 B 23.61%
Number of Holdings 481 1 2239 27.67%
Net Assets in Top 10 184 M -492 M 2.87 B 28.07%
Weighting of Top 10 10.54% 3.4% 100.0% 61.87%

Top 10 Holdings

  1. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 1.82%
  2. Community Health Systems Incorporated 8% 1.13%
  3. Dairy Farmers of America Inc 0% 1.02%
  4. T-Mobile US, Inc. 7.62% 1.01%
  5. iShares iBoxx $ High Yield Corp Bd ETF 1.00%
  6. Kraft Heinz Foods Company 4.62% 0.96%
  7. SPDR® Blmbg Barclays High Yield Bd ETF 0.95%
  8. HCA Inc. 5.62% 0.95%
  9. Ford Motor Credit Company LLC 5.11% 0.88%
  10. Nustar Logistics, L.P. 0% 0.83%

Asset Allocation

Weighting Return Low Return High USHYX % Rank
Bonds
93.15% 0.00% 141.18% 66.13%
Preferred Stocks
2.88% 0.00% 7.97% 2.56%
Stocks
1.63% -28.46% 28.23% 14.98%
Cash
1.43% -48.94% 100.00% 78.14%
Convertible Bonds
0.91% 0.00% 19.96% 45.21%
Other
0.00% -5.20% 58.14% 91.63%

Stock Sector Breakdown

Weighting Return Low Return High USHYX % Rank
Financial Services
25.83% 0.00% 100.00% 11.14%
Communication Services
23.22% 0.00% 100.00% 10.92%
Healthcare
21.92% 0.00% 100.00% 5.02%
Real Estate
8.15% 0.00% 100.00% 10.92%
Energy
7.03% 0.00% 100.00% 47.82%
Technology
5.92% 0.00% 46.47% 19.00%
Basic Materials
5.31% 0.00% 100.00% 17.69%
Consumer Cyclical
2.62% 0.00% 100.00% 32.53%
Utilities
0.00% 0.00% 99.51% 91.27%
Industrials
0.00% 0.00% 100.00% 93.45%
Consumer Defense
0.00% 0.00% 52.26% 88.65%

Stock Geographic Breakdown

Weighting Return Low Return High USHYX % Rank
US
1.53% -28.07% 19.67% 14.44%
Non US
0.10% -0.39% 13.32% 15.65%

Bond Sector Breakdown

Weighting Return Low Return High USHYX % Rank
Corporate
96.67% 0.00% 100.00% 34.19%
Cash & Equivalents
1.45% 0.00% 100.00% 82.16%
Securitized
1.11% 0.00% 95.38% 16.89%
Government
0.57% 0.00% 74.11% 19.59%
Municipal
0.21% 0.00% 16.25% 2.43%
Derivative
0.00% 0.00% 51.02% 91.89%

Bond Geographic Breakdown

Weighting Return Low Return High USHYX % Rank
US
75.88% 0.00% 127.79% 70.85%
Non US
17.27% -27.40% 96.73% 24.02%

USHYX - Expenses

Operational Fees

USHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.04% 20.17% 68.70%
Management Fee 0.50% 0.00% 1.84% 35.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 81.50%

Sales Fees

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

Trading Fees

USHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 98.08%

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.

USHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 1.00% 349.00% 36.92%

USHYX - Distributions

Dividend Yield Analysis

USHYX Category Low Category High USHYX % Rank
Dividend Yield 0.00% 0.00% 6.06% 90.19%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USHYX Category Low Category High USHYX % Rank
Net Income Ratio 5.93% -0.81% 10.22% 16.12%

Capital Gain Distribution Analysis

USHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

USHYX - Fund Manager Analysis

Managers

Julianne Bass


Start Date

Tenure

Tenure Rank

Jan 04, 2007

13.83

13.8%

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.

John Spear


Start Date

Tenure

Tenure Rank

Nov 04, 2016

3.99

4.0%

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.

Kurt Daum


Start Date

Tenure

Tenure Rank

Nov 04, 2016

3.99

4.0%

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.

James Jackson


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.34

1.3%

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.

R.Neal Graves


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.34

1.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34
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