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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

USAA High Income Fund

USHYX | Fund

$6.92

$1.13 B

6.75%

$0.47

0.76%

Vitals

YTD Return

4.8%

1 yr return

-8.6%

3 Yr Avg Return

-4.5%

5 Yr Avg Return

-3.3%

Net Assets

$1.13 B

Holdings in Top 10

8.1%

52 WEEK LOW AND HIGH

$6.9
$6.40
$7.58

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$3,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

USAA High Income Fund

USHYX | Fund

$6.92

$1.13 B

6.75%

$0.47

0.76%

USHYX - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return -4.5%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.01%
DIVIDENDS
  • Dividend Yield 6.8%
  • 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 (often referred to as “junk” bonds), convertible securities, leveraged loans (which generally are adjustable-rate bank loans made to companies rated below investment grade), 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.In addition, the Fund may invest in certain derivatives, such as futures and options. The Fund also may use derivatives or various other investment techniques to increase or decrease its exposure to changing security prices or other factors that affect security prices.
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USHYX - Performance

Return Ranking - Trailing

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -39.9% 9.3% 38.65%
1 Yr -8.6% -25.4% 21.3% 54.29%
3 Yr -4.5%* -15.7% 67.3% 71.47%
5 Yr -3.3%* -13.7% 38.0% 80.49%
10 Yr -2.4%* -9.1% 16.9% 74.82%

* Annualized

Return Ranking - Calendar

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.8% -44.3% 3.7% 59.26%
2021 0.3% -56.9% 9.2% 35.60%
2020 -0.6% -53.7% 70.9% 80.72%
2019 1.6% -33.7% 5.1% 68.32%
2018 -1.9% -9.4% 12.0% 80.69%

Total Return Ranking - Trailing

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -39.9% 9.3% 39.59%
1 Yr -8.6% -25.4% 22.2% 54.67%
3 Yr -4.5%* -15.7% 67.3% 72.01%
5 Yr -3.3%* -13.7% 38.0% 83.44%
10 Yr -2.4%* -9.1% 16.9% 85.78%

* Annualized

Total Return Ranking - Calendar

Period USHYX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.8% -44.3% 3.7% 58.98%
2021 0.3% -56.9% 9.2% 35.60%
2020 -0.6% -53.7% 70.9% 80.72%
2019 1.6% -33.7% 5.1% 70.63%
2018 -1.9% -9.4% 12.0% 84.49%

NAV & Total Return History


USHYX - Holdings

Concentration Analysis

USHYX Category Low Category High USHYX % Rank
Net Assets 1.13 B 1.47 M 26.2 B 29.65%
Number of Holdings 472 2 2736 30.66%
Net Assets in Top 10 95.7 M -492 M 2.55 B 34.80%
Weighting of Top 10 8.13% 1.9% 100.0% 78.41%

Top 10 Holdings

  1. Dairy Farmers of America Inc 0% 1.13%
  2. Community Health Systems Incorporated 8% 1.06%
  3. Ford Motor Company 6.625% 1.03%
  4. PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 0.17% 1.02%
  5. T-Mobile US, Inc. 7.62% 1.01%
  6. HCA Inc. 5.62% 0.95%
  7. Nustar Logistics, L.P. 0% 0.93%
  8. Kraft Heinz Foods Company 4.62% 0.93%
  9. Ford Motor Credit Company LLC 5.113% 0.90%
  10. Deutsche Bank AG New York Branch 0% 0.87%

Asset Allocation

Weighting Return Low Return High USHYX % Rank
Bonds
91.41% 0.00% 154.38% 72.55%
Cash
4.39% -52.00% 100.00% 30.79%
Preferred Stocks
2.19% 0.00% 14.10% 4.14%
Convertible Bonds
1.15% 0.00% 17.89% 45.28%
Stocks
0.86% -0.60% 52.82% 32.09%
Other
0.00% -63.70% 32.06% 87.58%

Stock Sector Breakdown

Weighting Return Low Return High USHYX % Rank
Energy
27.32% 0.00% 100.00% 53.47%
Healthcare
22.17% 0.00% 30.07% 1.24%
Financial Services
20.51% 0.00% 100.00% 13.86%
Real Estate
14.31% 0.00% 86.71% 8.66%
Communication Services
8.11% 0.00% 99.99% 34.90%
Basic Materials
7.58% 0.00% 100.00% 17.82%
Utilities
0.00% 0.00% 100.00% 80.94%
Technology
0.00% 0.00% 34.19% 84.65%
Industrials
0.00% 0.00% 100.00% 85.15%
Consumer Defense
0.00% 0.00% 100.00% 81.19%
Consumer Cyclical
0.00% 0.00% 100.00% 88.12%

Stock Geographic Breakdown

Weighting Return Low Return High USHYX % Rank
US
0.76% -0.60% 47.59% 31.05%
Non US
0.10% -0.01% 5.26% 24.06%

Bond Sector Breakdown

Weighting Return Low Return High USHYX % Rank
Corporate
93.01% 0.00% 100.00% 69.30%
Cash & Equivalents
4.43% 0.00% 100.00% 35.10%
Government
1.30% 0.00% 99.07% 15.54%
Securitized
1.00% 0.00% 97.24% 22.02%
Municipal
0.25% 0.00% 1.17% 4.66%
Derivative
0.00% 0.00% 45.95% 86.40%

Bond Geographic Breakdown

Weighting Return Low Return High USHYX % Rank
US
76.14% 0.00% 150.64% 77.36%
Non US
15.27% 0.00% 96.17% 28.33%

USHYX - Expenses

Operational Fees

USHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.02% 3.87% 54.99%
Management Fee 0.44% 0.00% 1.84% 19.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 75.57%

Sales Fees

USHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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% 100.00%

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 N/A 1.00% 327.00% 23.77%

USHYX - Distributions

Dividend Yield Analysis

USHYX Category Low Category High USHYX % Rank
Dividend Yield 6.75% 0.00% 39.08% 32.05%

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 5.01% -2.39% 14.30% 21.06%

Capital Gain Distribution Analysis

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

Distributions History

View More +

USHYX - Fund Manager Analysis

Managers

Julianne Bass


Start Date

Tenure

Tenure Rank

Jan 04, 2007

15.41

15.4%

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

5.57

5.6%

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

5.57

5.6%

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

2.92

2.9%

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

2.92

2.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.09 2.92