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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA High Income Fund

USHYX | Fund

$7.82

$1.54 B

5.98%

$0.47

0.84%

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

$7.8
$7.36
$7.96

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

USAA High Income Fund

USHYX | Fund

$7.82

$1.54 B

5.98%

$0.47

0.84%

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%
DIVIDENDS
  • Dividend Yield 6.0%
  • 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 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

  1. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% 1.38%
  2. Dairy Farmers of America Inc 0% 1.13%
  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. Community Health Systems Incorporated 8% 0.95%
  8. Kraft Heinz Foods Company 4.62% 0.93%
  9. Deutsche Bank AG New York Branch 0% 0.87%
  10. 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

View More +

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