USAA High Income
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
0.4%
1 yr return
12.3%
3 Yr Avg Return
5.1%
5 Yr Avg Return
5.3%
Net Assets
$1.54 B
Holdings in Top 10
8.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
High Yield Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
USHYX - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 5.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.01%
- Dividend Yield 6.0%
- 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 | 0.4% | -69.1% | 18.4% | 47.60% |
| 1 Yr | 12.3% | -16.2% | 44.9% | 29.67% |
| 3 Yr | 5.1%* | -14.6% | 17.4% | 74.04% |
| 5 Yr | 5.3%* | -7.1% | 13.4% | 64.61% |
| 10 Yr | 6.5%* | 2.5% | 10.8% | 49.50% |
* Annualized
Return Ranking - Calendar
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.9% | -75.1% | 399.1% | 74.69% |
| 2019 | 6.7% | -56.9% | 226.1% | 63.86% |
| 2018 | -9.0% | -61.3% | -0.4% | 76.40% |
| 2017 | 1.2% | -49.0% | 18.8% | 45.33% |
| 2016 | 10.8% | -25.2% | 28.6% | 5.38% |
Total Return Ranking - Trailing
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -69.1% | 18.4% | 47.86% |
| 1 Yr | 12.3% | -18.7% | 52.4% | 26.10% |
| 3 Yr | 5.1%* | -14.6% | 16.3% | 64.88% |
| 5 Yr | 5.3%* | -7.1% | 12.7% | 56.97% |
| 10 Yr | 6.5%* | 2.5% | 10.8% | 44.66% |
* Annualized
Total Return Ranking - Calendar
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.9% | -75.1% | 399.1% | 74.69% |
| 2019 | 6.7% | -56.9% | 23.9% | 66.14% |
| 2018 | -9.0% | -61.3% | 0.9% | 79.73% |
| 2017 | 1.2% | -49.0% | 18.8% | 58.17% |
| 2016 | 10.8% | -25.2% | 39.0% | 18.10% |
NAV & Total Return History
USHYX - Holdings
Concentration Analysis
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.54 B | 3.09 M | 29.8 B | 27.47% |
| Number of Holdings | 479 | 1 | 2534 | 29.08% |
| Net Assets in Top 10 | 125 M | -557 M | 4.07 B | 31.93% |
| Weighting of Top 10 | 8.25% | 2.6% | 100.0% | 75.19% |
Top 10 Holdings
- CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 1.38%
- Dairy Farmers of America Inc 0% 1.13%
- Ford Motor Company 6.625% 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%
- Community Health Systems Incorporated 8% 0.95%
- Kraft Heinz Foods Company 4.62% 0.93%
- Deutsche Bank AG New York Branch 0% 0.87%
- Bausch Health Companies Inc 5.25% 0.82%
Asset Allocation
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Bonds | 90.68% | 0.00% | 149.08% | 72.90% |
| Cash | 4.11% | -46.64% | 100.00% | 36.14% |
| Preferred Stocks | 2.29% | 0.00% | 13.89% | 5.07% |
| Stocks | 1.65% | 0.00% | 38.15% | 23.76% |
| Convertible Bonds | 1.27% | 0.00% | 18.19% | 50.50% |
| Other | 0.00% | -53.57% | 32.06% | 83.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Energy | 30.02% | 0.00% | 100.00% | 52.88% |
| Financial Services | 25.13% | 0.00% | 100.00% | 12.99% |
| Communication Services | 17.69% | 0.00% | 100.00% | 18.92% |
| Healthcare | 13.23% | 0.00% | 42.86% | 2.23% |
| Real Estate | 9.41% | 0.00% | 100.00% | 5.19% |
| Basic Materials | 4.51% | 0.00% | 100.00% | 27.09% |
| Utilities | 0.00% | 0.00% | 100.00% | 86.83% |
| Technology | 0.00% | 0.00% | 60.77% | 87.20% |
| Industrials | 0.00% | 0.00% | 100.00% | 89.98% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 86.64% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 87.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 1.46% | -1.89% | 35.96% | 25.87% |
| Non US | 0.19% | -0.04% | 5.61% | 12.25% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Corporate | 93.30% | 0.00% | 100.00% | 61.34% |
| Cash & Equivalents | 4.18% | 0.00% | 100.00% | 39.65% |
| Government | 1.34% | 0.00% | 76.79% | 16.98% |
| Securitized | 0.94% | 0.00% | 94.09% | 21.81% |
| Municipal | 0.23% | 0.00% | 11.89% | 4.09% |
| Derivative | 0.00% | 0.00% | 42.24% | 86.37% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 75.19% | 0.00% | 135.50% | 75.25% |
| Non US | 15.49% | 0.00% | 96.92% | 26.86% |
USHYX - Expenses
Operational Fees
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.03% | 4.79% | 49.56% |
| Management Fee | 0.50% | 0.00% | 1.84% | 37.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 81.11% |
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 | 0.00% | 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% | 91.89% |
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% | 347.00% | 20.39% |
USHYX - Distributions
Dividend Yield Analysis
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.98% | 0.00% | 34.04% | 83.29% |
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% | 10.53% | 43.08% |
Capital Gain Distribution Analysis
| USHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Semi-Monthly |
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
14.75
14.8%
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
4.91
4.9%
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
4.91
4.9%
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
2.25
2.3%
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
2.25
2.3%
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 | 37.13 | 6.87 | 2.25 |