USAA High Income
- USHYX
- Price as of: Feb 26, 2021
-
$7.82
N/A N/A
- Primary Theme
- High Yield Bond
- Fund Company
- Victory Capital
- Share Class
USHYX - Snapshot
Vitals
- YTD Return 0.3%
- 3 Yr Annualized Return 4.1%
- 5 Yr Annualized Return 8.0%
- Net Assets $1.85 B
- Holdings in Top 10 11.0%
52 WEEK LOW AND HIGH
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
High Yield Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Bond
USHYX - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.93%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameUSAA High Income Fund
-
Fund Family NameUSAA
-
Inception DateAug 02, 1999
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJulianne 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 | 0.3% | -3.7% | 8.2% | 38.18% |
1 Yr | 4.0% | -49.7% | 15.1% | 75.72% |
3 Yr | 4.1%* | -17.0% | 9.8% | 74.00% |
5 Yr | 8.0%* | -8.2% | 14.0% | 30.55% |
10 Yr | 5.6%* | 1.1% | 9.3% | 43.49% |
* Annualized
Return Ranking - Calendar
Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -1.9% | -46.8% | 399.1% | 78.71% |
2019 | 6.7% | -10.3% | 226.1% | 65.22% |
2018 | -9.0% | -18.4% | -0.2% | 78.81% |
2017 | 1.2% | -9.5% | 18.8% | 45.41% |
2016 | 10.8% | -9.1% | 28.6% | 5.71% |
Total Return Ranking - Trailing
Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.3% | -3.7% | 8.2% | 38.18% |
1 Yr | 4.0% | -49.7% | 14.9% | 60.72% |
3 Yr | 4.1%* | -17.0% | 9.8% | 64.04% |
5 Yr | 8.0%* | -8.2% | 14.0% | 26.75% |
10 Yr | 5.6%* | 1.1% | 9.3% | 41.08% |
* Annualized
Total Return Ranking - Calendar
Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -1.9% | -46.8% | 399.1% | 78.71% |
2019 | 6.7% | -8.1% | 23.9% | 67.53% |
2018 | -9.0% | -18.4% | 1.3% | 83.08% |
2017 | 1.2% | -8.5% | 18.8% | 59.43% |
2016 | 10.8% | -9.1% | 39.0% | 19.29% |
NAV & Total Return History
USHYX - Holdings
Concentration Analysis
USHYX | Category Low | Category High | USHYX % Rank | |
---|---|---|---|---|
Net Assets | 1.85 B | 3.62 M | 28.7 B | 23.98% |
Number of Holdings | 491 | 3 | 2297 | 29.01% |
Net Assets in Top 10 | 202 M | -564 M | 3.47 B | 26.45% |
Weighting of Top 10 | 10.95% | 2.8% | 100.0% | 56.36% |
Top 10 Holdings
- CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 1.75%
- iShares iBoxx $ High Yield Corp Bd ETF 1.25%
- SPDR® Blmbg Barclays High Yield Bd ETF 1.21%
- Community Health Systems Incorporated 8% 1.17%
- Dairy Farmers of America Inc 0% 1.03%
- PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.17% 1.02%
- T-Mobile US, Inc. 7.62% 1.01%
- HCA Inc. 5.62% 0.95%
- Kraft Heinz Foods Company 4.62% 0.93%
- Ford Motor Credit Company LLC 5.11% 0.91%
Asset Allocation
Weighting | Return Low | Return High | USHYX % Rank | |
---|---|---|---|---|
Bonds | 92.48% | 6.16% | 146.57% | 58.16% |
Preferred Stocks | 2.81% | 0.00% | 11.16% | 1.48% |
Stocks | 1.73% | -8.82% | 43.20% | 16.60% |
Convertible Bonds | 1.65% | 0.00% | 18.92% | 59.38% |
Cash | 1.34% | -40.59% | 75.30% | 74.22% |
Other | 0.00% | -50.78% | 52.10% | 95.68% |
Stock Sector Breakdown
Weighting | Return Low | Return High | USHYX % Rank | |
---|---|---|---|---|
Financial Services | 28.22% | 0.00% | 100.00% | 9.18% |
Communication Services | 22.51% | 0.00% | 100.00% | 7.78% |
Healthcare | 20.86% | 0.00% | 100.00% | 2.99% |
Energy | 7.63% | 0.00% | 100.00% | 58.68% |
Real Estate | 6.72% | 0.00% | 100.00% | 8.78% |
Basic Materials | 5.95% | 0.00% | 100.00% | 20.36% |
Technology | 5.39% | 0.00% | 99.99% | 16.17% |
Consumer Cyclical | 2.72% | 0.00% | 100.00% | 29.34% |
Utilities | 0.00% | 0.00% | 99.28% | 96.41% |
Industrials | 0.00% | 0.00% | 100.00% | 97.21% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 95.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | USHYX % Rank | |
---|---|---|---|---|
US | 1.61% | -8.82% | 37.04% | 16.19% |
Non US | 0.12% | 0.00% | 14.70% | 14.57% |
Bond Sector Breakdown
Weighting | Return Low | Return High | USHYX % Rank | |
---|---|---|---|---|
Corporate | 95.74% | 0.00% | 100.00% | 49.46% |
Cash & Equivalents | 1.36% | 0.00% | 92.44% | 77.43% |
Municipal | 1.24% | 0.00% | 13.37% | 1.22% |
Securitized | 1.05% | 0.00% | 92.43% | 19.19% |
Government | 0.61% | 0.00% | 71.97% | 19.73% |
Derivative | 0.00% | 0.00% | 41.53% | 97.43% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | USHYX % Rank | |
---|---|---|---|---|
US | 75.81% | 0.00% | 122.57% | 70.58% |
Non US | 16.67% | -25.95% | 97.17% | 24.56% |
USHYX - Expenses
Operational Fees
USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.81% | 0.03% | 20.43% | 68.46% |
Management Fee | 0.50% | 0.00% | 1.84% | 35.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.00% | 0.50% | 81.86% |
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% | 95.83% |
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% | 0.00% | 349.00% | 29.47% |
USHYX - Distributions
Dividend Yield Analysis
USHYX | Category Low | Category High | USHYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.73% | 97.44% |
Dividend Distribution Analysis
USHYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
USHYX | Category Low | Category High | USHYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.93% | -2.17% | 10.93% | 13.70% |
Capital Gain Distribution Analysis
USHYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
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 |
USHYX - Fund Manager Analysis
Managers
Julianne Bass
Start Date
Tenure
Tenure Rank
Jan 04, 2007
14.08
14.1%
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
4.24
4.2%
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
4.24
4.2%
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
1.59
1.6%
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
1.59
1.6%
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 |
---|---|---|---|
0.01 | 36.47 | 6.6 | 1.59 |