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
    High Yield Bond
  • 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

Vanguard High Yield Corporate Fund

Fund

$5.93

0.00%

$27.58 B

5.14%

$0.30

-0.50%

-

BlackRock High Yield Bond Portfolio

Fund

$7.70

+0.13%

$25.49 B

4.81%

$0.37

-0.90%

-

iShares iBoxx $ High Yield Corporate Bond ETF

HYG | ETF

$86.20

-0.14%

$23.82 B

4.88%

$4.22

-1.71%

-

PGIM High Yield Fund

Fund

$5.45

0.00%

$20.11 B

5.75%

$0.31

-2.33%

-

American Funds American High-Income Trust®

Fund

$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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