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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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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.
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| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.4% | -53.7% | 4.4% | 76.12% |
| 1 Yr | -9.4% | -53.7% | 6.3% | 75.00% |
| 3 Yr | -4.3%* | -23.8% | 5.4% | 72.93% |
| 5 Yr | -2.8%* | -14.9% | 3.3% | 70.21% |
| 10 Yr | -0.9%* | -6.5% | 6.4% | 57.28% |
* Annualized
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 6.7% | -6.2% | 23.9% | 52.51% |
| 2018 | -9.0% | -17.1% | 0.0% | 75.10% |
| 2017 | 1.2% | -9.5% | 6.3% | 59.91% |
| 2016 | 10.8% | -0.8% | 28.6% | 7.58% |
| 2015 | -13.7% | -34.3% | 3.5% | 85.95% |
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.4% | -53.7% | 4.4% | 76.12% |
| 1 Yr | -9.4% | -53.7% | 5.1% | 75.00% |
| 3 Yr | -4.3%* | -23.8% | 5.4% | 76.86% |
| 5 Yr | -2.8%* | -14.8% | 4.5% | 75.00% |
| 10 Yr | -0.9%* | -5.4% | 6.4% | 67.96% |
* Annualized
| Period | USHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 6.7% | -6.2% | 23.9% | 55.21% |
| 2018 | -9.0% | -17.1% | 1.3% | 83.67% |
| 2017 | 1.2% | -8.5% | 10.5% | 66.67% |
| 2016 | 10.8% | -0.8% | 39.0% | 17.06% |
| 2015 | -13.7% | -32.4% | 3.5% | 87.03% |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.79 B | 1.85 M | 15.6 B | 16.54% |
| Number of Holdings | 414 | 3 | 1825 | 23.72% |
| Net Assets in Top 10 | 200 M | -104 M | 1.96 B | 21.17% |
| Weighting of Top 10 | 12.77% | 4.7% | 99.0% | 68.38% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Bonds | 90.90% | 6.29% | 166.97% | 62.68% |
| Preferred Stocks | 3.53% | 0.00% | 10.37% | 2.92% |
| Stocks | 2.58% | -15.92% | 22.69% | 16.30% |
| Cash | 2.15% | -66.97% | 81.99% | 78.10% |
| Convertible Bonds | 0.64% | 0.00% | 16.78% | 56.93% |
| Other | 0.20% | -3.75% | 30.38% | 24.45% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Financial Services | 25.95% | 0.00% | 100.00% | 16.87% |
| Healthcare | 19.83% | 0.00% | 100.00% | 7.23% |
| Communication Services | 18.63% | 0.00% | 97.61% | 13.25% |
| Technology | 7.75% | 0.00% | 100.00% | 27.11% |
| Real Estate | 7.17% | 0.00% | 100.00% | 11.45% |
| Basic Materials | 6.69% | 0.00% | 100.00% | 14.46% |
| Energy | 6.58% | 0.00% | 100.00% | 33.73% |
| Consumer Defense | 3.88% | 0.00% | 53.30% | 16.87% |
| Industrials | 1.96% | 0.00% | 100.00% | 34.94% |
| Consumer Cyclical | 1.55% | 0.00% | 100.00% | 35.54% |
| Utilities | 0.00% | 0.00% | 94.37% | 81.93% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 2.42% | -15.72% | 19.50% | 11.31% |
| Non US | 0.16% | -0.20% | 10.55% | 23.36% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| Corporate | 95.88% | 0.00% | 100.00% | 17.22% |
| Cash & Equivalents | 2.22% | -9.91% | 86.20% | 84.98% |
| Securitized | 0.94% | 0.00% | 88.54% | 33.33% |
| Government | 0.73% | 0.00% | 68.79% | 35.16% |
| Municipal | 0.23% | 0.00% | 15.45% | 6.23% |
| Derivative | 0.00% | 0.00% | 42.60% | 86.81% |
| Weighting | Return Low | Return High | USHYX % Rank | |
|---|---|---|---|---|
| US | 72.22% | 6.29% | 154.24% | 45.62% |
| Non US | 18.68% | 0.00% | 66.45% | 48.91% |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.04% | 7.50% | 78.63% |
| Management Fee | 0.50% | 0.00% | 1.84% | 27.27% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 70.37% |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| USHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 95.00% |
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 | 31.00% | 1.88% | 484.00% | 17.49% |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.48% | 81.29% |
| USHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
| USHYX | Category Low | Category High | USHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.93% | -0.81% | 9.20% | 20.00% |
| USHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| 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 |
Start Date
Tenure
Tenure Rank
Jan 04, 2007
13.41
13.4%
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.
Start Date
Tenure
Tenure Rank
Nov 04, 2016
3.57
3.6%
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.
Start Date
Tenure
Tenure Rank
Nov 04, 2016
3.57
3.6%
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.
Start Date
Tenure
Tenure Rank
Jul 01, 2019
0.92
0.9%
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.
Start Date
Tenure
Tenure Rank
Jul 01, 2019
0.92
0.9%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.11 | 30.85 | 6.17 | 0.92 |
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