USIBX: USAA Intermediate Term Bond Fund - MutualFunds.com
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USAA Intermediate-Term Bond

USIBX - Snapshot

Vitals

  • YTD Return -1.2%
  • 3 Yr Annualized Return 6.5%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $3.71 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$10.87
$10.04
$11.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

Compare USIBX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Total Bond Market Index Fund

Fund

$11.31

+0.09%

$306.03 B

-

$0.00

-2.67%

0.15%

Vanguard Total Bond Market Index Fund

BND | ETF

$85.69

-0.01%

$306.03 B

2.38%

$2.04

-3.14%

0.04%

Vanguard Total Bond Market II Index Fund

Fund

$11.15

+0.09%

$226.88 B

2.11%

$0.24

-2.71%

0.09%

Metropolitan West Total Return Bond Fund

Fund

$10.96

+0.09%

$87.56 B

1.42%

$0.16

-1.97%

0.67%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$115.11

+0.02%

$85.94 B

2.15%

$2.48

-2.96%

0.05%

USIBX - Profile

Distributions

  • YTD Total Return -1.2%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Intermediate Term Bond 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 normally invests at least 80% of its assets in a broad range of debt securities that have a dollar-weighted average portfolio maturity between three to 10 years. It will invest primarily in investment-grade securities, but also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred to as high-yield or "junk" bonds.

USIBX - Performance

Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -3.9% 7.8% 15.38%
1 Yr 4.6% -9.0% 17.3% 13.81%
3 Yr 6.5%* 0.9% 9.9% 7.29%
5 Yr 5.9%* 1.1% 8.5% 2.92%
10 Yr 5.0%* 1.4% 8.2% 3.20%

* Annualized

Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -10.1% 946.1% 78.80%
2019 5.7% -2.6% 13.9% 47.52%
2018 -4.5% -10.3% 2.7% 84.37%
2017 2.3% -49.5% 8.1% 12.43%
2016 2.7% -49.3% 192.8% 4.93%

Total Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -3.5% 7.8% 15.48%
1 Yr 4.6% -9.0% 17.3% 12.82%
3 Yr 6.5%* 0.9% 9.9% 6.94%
5 Yr 5.9%* 1.1% 8.5% 2.71%
10 Yr 5.0%* 1.4% 8.2% 2.85%

* Annualized

Total Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -10.1% 946.1% 78.80%
2019 5.7% -2.6% 13.9% 49.75%
2018 -4.5% -10.3% 3.9% 86.45%
2017 2.3% -6.0% 8.4% 32.71%
2016 2.7% -5.7% 204.3% 19.97%

NAV & Total Return History

USIBX - Holdings

Concentration Analysis

USIBX Category Low Category High USIBX % Rank
Net Assets 3.71 B 1.81 M 306 B 30.13%
Number of Holdings 787 1 18501 44.22%
Net Assets in Top 10 476 M -1.14 B 45.6 B 41.07%
Weighting of Top 10 12.13% 3.3% 100.0% 90.87%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 2.25%
  2. Us Long Bond Fut Mar21 1.41%
  3. Us Long Bond Fut Mar21 1.41%
  4. Us Long Bond Fut Mar21 1.41%
  5. Us Long Bond Fut Mar21 1.41%
  6. Us Long Bond Fut Mar21 1.41%
  7. Us Long Bond Fut Mar21 1.41%
  8. Us Long Bond Fut Mar21 1.41%
  9. Us Long Bond Fut Mar21 1.41%
  10. Us Long Bond Fut Mar21 1.41%

Asset Allocation

Weighting Return Low Return High USIBX % Rank
Bonds 		92.15% -54.98% 286.91% 66.33%
Cash 		5.73% -195.83% 163.97% 39.96%
Preferred Stocks 		1.08% 0.00% 84.28% 3.89%
Convertible Bonds 		1.05% 0.00% 8.68% 54.58%
Stocks 		0.00% -0.28% 10.37% 49.21%
Other 		0.00% -15.11% 6.74% 38.95%

Bond Sector Breakdown

Weighting Return Low Return High USIBX % Rank
Corporate 		39.09% 0.00% 100.00% 33.12%
Securitized 		34.18% 0.00% 98.48% 37.93%
Government 		16.45% 0.00% 83.98% 64.29%
Cash & Equivalents 		5.63% 0.00% 56.38% 51.16%
Municipal 		4.65% 0.00% 100.00% 7.31%
Derivative 		0.00% 0.00% 23.90% 56.15%

Bond Geographic Breakdown

Weighting Return Low Return High USIBX % Rank
US 		80.19% -55.23% 255.76% 68.46%
Non US 		11.96% -92.93% 48.76% 38.30%

USIBX - Expenses

Operational Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 19.93% 63.86%
Management Fee 0.30% 0.00% 0.85% 28.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 71.46%

Sales Fees

USIBX 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

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 3.00% 484.45% 32.10%

USIBX - Distributions

Dividend Yield Analysis

USIBX Category Low Category High USIBX % Rank
Dividend Yield 0.00% 0.00% 3.25% 39.46%

Dividend Distribution Analysis

USIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

USIBX Category Low Category High USIBX % Rank
Net Income Ratio 3.32% -0.39% 11.28% 4.77%

Capital Gain Distribution Analysis

USIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Dividend Payout History

View More +

USIBX - Fund Manager Analysis

Managers

Julianne Bass

Start Date

Tenure

Tenure Rank

Jan 04, 2007

14.08

14.1%

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.

Brian Smith

Start Date

Tenure

Tenure Rank

Dec 01, 2013

7.17

7.2%

Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He is a member of the CFA Institute and the CFA Society of San Antonio.

John Spear

Start Date

Tenure

Tenure Rank

Nov 04, 2016

4.24

4.2%

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

4.24

4.2%

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

1.59

1.6%

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

1.59

1.6%

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
0.01 32.18 6.95 1.67

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