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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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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.
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| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.3% | -31.4% | 945.6% | 59.70% |
| 1 Yr | 1.4% | -25.1% | 973.3% | 51.37% |
| 3 Yr | 0.2%* | -10.3% | 120.4% | 59.96% |
| 5 Yr | 0.0%* | -5.3% | 60.3% | 63.30% |
| 10 Yr | 0.8%* | -5.2% | 3.6% | 17.87% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.7% | -1.7% | 18.3% | 23.63% |
| 2018 | -4.5% | -12.4% | 0.8% | 86.47% |
| 2017 | 2.3% | -6.0% | 20.3% | 17.18% |
| 2016 | 2.7% | -7.8% | 8.6% | 6.20% |
| 2015 | -6.3% | -18.3% | 3.0% | 97.51% |
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.3% | -31.4% | 945.6% | 59.70% |
| 1 Yr | 1.4% | -25.1% | 973.3% | 51.37% |
| 3 Yr | 0.2%* | -7.5% | 120.4% | 64.26% |
| 5 Yr | 0.0%* | -5.3% | 60.3% | 70.88% |
| 10 Yr | 0.8%* | -5.1% | 6.7% | 34.78% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.7% | -1.7% | 18.3% | 24.61% |
| 2018 | -4.5% | -11.7% | 3.1% | 89.01% |
| 2017 | 2.3% | -6.0% | 27.0% | 27.76% |
| 2016 | 2.7% | -7.8% | 10.7% | 12.53% |
| 2015 | -6.3% | -14.2% | 4.2% | 98.44% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.72 B | 634 K | 264 B | 18.05% |
| Number of Holdings | 694 | 1 | 17920 | 23.52% |
| Net Assets in Top 10 | 472 M | -587 M | 20.8 B | 18.97% |
| Weighting of Top 10 | 12.76% | 2.3% | 100.0% | 78.65% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Bonds | 93.55% | 71.08% | 159.74% | 74.79% |
| Cash | 3.16% | -59.74% | 27.48% | 37.59% |
| Convertible Bonds | 2.07% | 0.00% | 7.31% | 9.80% |
| Preferred Stocks | 1.23% | 0.00% | 9.11% | 1.23% |
| Stocks | 0.00% | -0.38% | 18.10% | 14.70% |
| Other | 0.00% | -27.60% | 31.83% | 19.36% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Corporate | 51.80% | 0.00% | 99.41% | 10.12% |
| Securitized | 31.27% | 0.00% | 98.72% | 25.07% |
| Government | 9.43% | -2.21% | 100.00% | 43.69% |
| Municipal | 4.34% | 0.00% | 100.11% | 46.76% |
| Cash & Equivalents | 3.16% | -26.49% | 24.02% | 42.10% |
| Derivative | 0.00% | -0.83% | 31.72% | 20.13% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| US | 80.42% | 58.40% | 156.78% | 85.54% |
| Non US | 13.13% | -38.91% | 29.50% | 14.92% |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 34.57% | 63.16% |
| Management Fee | 0.30% | 0.00% | 1.25% | 22.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 67.12% |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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 | 35.00% | 0.00% | 489.00% | 44.72% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.20% | 29.06% |
| USIBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.71% | -0.71% | 6.02% | 4.87% |
| USIBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.033 |
| Feb 28, 2019 | $0.032 |
| Jan 31, 2019 | $0.031 |
| Dec 31, 2018 | $0.032 |
| Nov 30, 2018 | $0.034 |
| Oct 31, 2018 | $0.031 |
| Aug 31, 2018 | $0.034 |
| Jul 31, 2018 | $0.030 |
| Jun 29, 2018 | $0.033 |
| May 31, 2018 | $0.031 |
| Apr 30, 2018 | $0.029 |
| Mar 29, 2018 | $0.033 |
| Feb 28, 2018 | $0.030 |
| Jan 31, 2018 | $0.029 |
| Dec 29, 2017 | $0.032 |
| Nov 30, 2017 | $0.030 |
| Oct 31, 2017 | $0.028 |
| Sep 29, 2017 | $0.032 |
| Aug 31, 2017 | $0.031 |
| Jul 31, 2017 | $0.028 |
| Jun 30, 2017 | $0.035 |
| May 31, 2017 | $0.032 |
| Apr 28, 2017 | $0.027 |
| Mar 31, 2017 | $0.033 |
| Feb 28, 2017 | $0.031 |
| Jan 31, 2017 | $0.029 |
| Dec 30, 2016 | $0.034 |
| Nov 30, 2016 | $0.032 |
| Oct 31, 2016 | $0.028 |
| Sep 30, 2016 | $0.035 |
| Aug 31, 2016 | $0.034 |
| Jul 29, 2016 | $0.033 |
| Jun 30, 2016 | $0.035 |
| May 31, 2016 | $0.033 |
| Apr 29, 2016 | $0.036 |
| Mar 31, 2016 | $0.036 |
| Feb 29, 2016 | $0.035 |
| Jan 29, 2016 | $0.031 |
| Dec 31, 2015 | $0.039 |
| Nov 30, 2015 | $0.035 |
| Oct 30, 2015 | $0.036 |
| Sep 30, 2015 | $0.038 |
| Aug 31, 2015 | $0.034 |
| Jul 31, 2015 | $0.037 |
| Jun 30, 2015 | $0.036 |
| May 29, 2015 | $0.035 |
| Apr 30, 2015 | $0.035 |
| Mar 31, 2015 | $0.034 |
| Feb 27, 2015 | $0.036 |
| Jan 30, 2015 | $0.035 |
| Dec 31, 2014 | $0.037 |
| Nov 28, 2014 | $0.034 |
| Oct 31, 2014 | $0.038 |
| Sep 30, 2014 | $0.036 |
| Aug 29, 2014 | $0.038 |
| Jul 31, 2014 | $0.036 |
| Jun 30, 2014 | $0.036 |
| May 30, 2014 | $0.038 |
| Apr 30, 2014 | $0.037 |
| Mar 31, 2014 | $0.035 |
| Feb 28, 2014 | $0.038 |
| Jan 31, 2014 | $0.039 |
| Dec 31, 2013 | $0.039 |
| Nov 29, 2013 | $0.040 |
| Oct 31, 2013 | $0.039 |
| Sep 30, 2013 | $0.036 |
| Aug 30, 2013 | $0.042 |
| Jul 31, 2013 | $0.038 |
| Jun 28, 2013 | $0.036 |
| May 31, 2013 | $0.040 |
| Apr 30, 2013 | $0.038 |
| Mar 28, 2013 | $0.040 |
| Feb 28, 2013 | $0.041 |
| Jan 31, 2013 | $0.038 |
| Dec 31, 2012 | $0.038 |
| Nov 30, 2012 | $0.046 |
| Oct 31, 2012 | $0.039 |
| Sep 28, 2012 | $0.037 |
| Aug 31, 2012 | $0.048 |
| Jul 31, 2012 | $0.041 |
| Jun 29, 2012 | $0.045 |
| May 31, 2012 | $0.045 |
| Apr 30, 2012 | $0.042 |
| Mar 30, 2012 | $0.045 |
| Feb 29, 2012 | $0.045 |
| Jan 31, 2012 | $0.041 |
| Dec 30, 2011 | $0.047 |
| Nov 30, 2011 | $0.045 |
| Oct 31, 2011 | $0.044 |
| Sep 30, 2011 | $0.049 |
| Aug 31, 2011 | $0.046 |
| Jul 29, 2011 | $0.045 |
| Jun 30, 2011 | $0.046 |
| May 31, 2011 | $0.045 |
| Apr 29, 2011 | $0.049 |
| Mar 31, 2011 | $0.049 |
| Feb 28, 2011 | $0.046 |
| Jan 31, 2011 | $0.043 |
| Dec 31, 2010 | $0.051 |
| Nov 30, 2010 | $0.044 |
| Oct 29, 2010 | $0.045 |
| Sep 30, 2010 | $0.048 |
| Aug 31, 2010 | $0.044 |
| Jul 30, 2010 | $0.048 |
| Jun 30, 2010 | $0.050 |
| May 28, 2010 | $0.045 |
| Apr 30, 2010 | $0.051 |
| Mar 31, 2010 | $0.050 |
| Feb 26, 2010 | $0.048 |
| Jan 29, 2010 | $0.044 |
| Aug 29, 2008 | $0.049 |
| Sep 28, 2007 | $0.039 |
| Apr 30, 2007 | $0.041 |
| Mar 30, 2007 | $0.043 |
| Feb 28, 2007 | $0.042 |
| Jan 31, 2007 | $0.039 |
| Dec 29, 2006 | $0.040 |
| Oct 31, 2006 | $0.039 |
| Sep 29, 2006 | $0.042 |
| Aug 31, 2006 | $0.041 |
| Jul 31, 2006 | $0.038 |
| Jun 30, 2006 | $0.043 |
| May 31, 2006 | $0.041 |
| Apr 28, 2006 | $0.039 |
| Mar 31, 2006 | $0.044 |
| Feb 28, 2006 | $0.040 |
| Jan 31, 2006 | $0.037 |
| Nov 30, 2005 | $0.040 |
| Oct 31, 2005 | $0.036 |
| Sep 30, 2005 | $0.041 |
| Aug 31, 2005 | $0.039 |
| Jul 29, 2005 | $0.039 |
| Jun 30, 2005 | $0.039 |
| May 31, 2005 | $0.037 |
| Apr 29, 2005 | $0.043 |
| Mar 31, 2005 | $0.039 |
| Feb 28, 2005 | $0.039 |
| Jan 31, 2005 | $0.037 |
| Dec 31, 2004 | $0.042 |
| Nov 30, 2004 | $0.041 |
| Oct 29, 2004 | $0.038 |
| Sep 30, 2004 | $0.039 |
| Aug 31, 2004 | $0.037 |
| Jul 30, 2004 | $0.041 |
| Jun 30, 2004 | $0.038 |
| May 28, 2004 | $0.036 |
| Apr 30, 2004 | $0.041 |
| Mar 31, 2004 | $0.039 |
| Feb 27, 2004 | $0.038 |
| Jan 30, 2004 | $0.038 |
| Dec 31, 2003 | $0.040 |
| Nov 28, 2003 | $0.036 |
| Oct 31, 2003 | $0.042 |
| Sep 30, 2003 | $0.039 |
| Aug 29, 2003 | $0.041 |
| Jul 31, 2003 | $0.041 |
| Jun 30, 2003 | $0.041 |
| May 30, 2003 | $0.045 |
| Apr 30, 2003 | $0.043 |
| Mar 31, 2003 | $0.041 |
| Feb 28, 2003 | $0.045 |
| Jan 31, 2003 | $0.046 |
| Dec 31, 2002 | $0.045 |
| Nov 29, 2002 | $0.048 |
| Oct 31, 2002 | $0.048 |
| Sep 30, 2002 | $0.047 |
| Aug 30, 2002 | $0.050 |
| Jul 31, 2002 | $0.048 |
| Jun 28, 2002 | $0.049 |
| May 31, 2002 | $0.063 |
| Apr 30, 2002 | $0.056 |
| Mar 28, 2002 | $0.060 |
| Feb 28, 2002 | $0.053 |
| Jan 31, 2002 | $0.052 |
| Dec 31, 2001 | $0.052 |
| Nov 30, 2001 | $0.063 |
| Oct 31, 2001 | $0.060 |
| Sep 28, 2001 | $0.051 |
| Aug 31, 2001 | $0.058 |
| Jul 31, 2001 | $0.060 |
| Jun 29, 2001 | $0.057 |
| May 31, 2001 | $0.058 |
| Apr 30, 2001 | $0.061 |
| Mar 30, 2001 | $0.057 |
| Feb 28, 2001 | $0.060 |
| Jan 31, 2001 | $0.063 |
| Dec 29, 2000 | $0.055 |
| Nov 30, 2000 | $0.060 |
| Oct 31, 2000 | $0.064 |
| Sep 29, 2000 | $0.070 |
| Aug 31, 2000 | $0.063 |
| Jul 31, 2000 | $0.062 |
| Jun 30, 2000 | $0.062 |
| May 31, 2000 | $0.066 |
| Apr 28, 2000 | $0.057 |
| Mar 31, 2000 | $0.061 |
| Feb 29, 2000 | $0.061 |
| Jan 31, 2000 | $0.061 |
| Dec 31, 1999 | $0.060 |
| Nov 30, 1999 | $0.063 |
| Oct 29, 1999 | $0.054 |
| Sep 30, 1999 | $0.059 |
| Aug 31, 1999 | $0.050 |
Start Date
Tenure
Tenure Rank
Jan 04, 2007
13.33
13.3%
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
Dec 01, 2013
6.42
6.4%
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.
Start Date
Tenure
Tenure Rank
Nov 04, 2016
3.49
3.5%
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
3.49
3.5%
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
0.83
0.8%
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
0.83
0.8%
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 |
|---|---|---|---|
| 0.08 | 33.44 | 7.42 | 0.33 |
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