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The USAA Intermediate-Term Bond Fund (USIBX) is an actively managed portfolio designed to provide high current income within its investment framework. The fund invests in intermediate-term bonds with maturities of three to 10 years. These include corporate bonds and U.S. Treasuries. USIBX aims to outperform its benchmark on return and yield through fundamental credit research and selection.
Given its mandate to focus on the bond market, USIBX makes a prime core choice for any fixed-income portfolio. The fund is internally managed by USAA Investment Management.
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| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -0.4% | 83.7% | 13.26% |
| 1 Yr | 6.9% | -2.2% | 26.6% | 23.36% |
| 3 Yr | 1.4%* | -2.6% | 9.4% | 32.88% |
| 5 Yr | 0.0%* | -14.6% | 6.6% | 61.98% |
| 10 Yr | 1.3%* | -5.4% | 8.0% | 30.16% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -4.5% | -12.4% | 0.8% | 87.71% |
| 2017 | 2.3% | -2.8% | 17.1% | 15.03% |
| 2016 | 2.7% | -58.1% | 8.6% | 6.31% |
| 2015 | -6.3% | -24.0% | 2.6% | 97.89% |
| 2014 | 1.4% | -34.8% | 20.3% | 65.28% |
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -0.4% | 83.7% | 14.12% |
| 1 Yr | 6.9% | -2.1% | 26.6% | 24.82% |
| 3 Yr | 1.4%* | -2.6% | 9.4% | 43.23% |
| 5 Yr | 0.0%* | -14.6% | 6.6% | 71.38% |
| 10 Yr | 1.3%* | -1.4% | 8.0% | 41.54% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -4.5% | -11.7% | 6.5% | 90.54% |
| 2017 | 2.3% | -2.7% | 27.0% | 26.59% |
| 2016 | 2.7% | -58.1% | 10.7% | 13.23% |
| 2015 | -6.3% | -14.6% | 4.2% | 98.54% |
| 2014 | 1.4% | -34.8% | 24.6% | 70.99% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.86 B | 691 K | 247 B | 18.21% |
| Number of Holdings | 658 | 2 | 17572 | 23.94% |
| Net Assets in Top 10 | 355 M | -203 M | 25.7 B | 25.27% |
| Weighting of Top 10 | 9.01% | 2.5% | 138.1% | 88.73% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Bonds | 91.93% | 80.25% | 142.20% | 86.41% |
| Cash | 3.55% | -42.57% | 28.73% | 33.39% |
| Convertible Bonds | 2.92% | 0.00% | 6.26% | 2.99% |
| Preferred Stocks | 1.55% | 0.00% | 8.19% | 1.03% |
| Stocks | 0.03% | -17.64% | 26.52% | 5.47% |
| Other | 0.00% | -26.77% | 30.83% | 48.43% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Corporate | 67.96% | 0.00% | 98.80% | 7.17% |
| Securitized | 14.57% | 0.00% | 136.75% | 43.18% |
| Government | 10.09% | -86.06% | 121.70% | 43.96% |
| Municipal | 3.80% | 0.00% | 105.67% | 45.92% |
| Cash & Equivalents | 3.55% | -42.57% | 28.73% | 33.73% |
| Derivative | 0.00% | -25.78% | 41.91% | 46.58% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| US | 75.13% | 60.74% | 134.14% | 97.08% |
| Non US | 16.80% | -27.08% | 24.33% | 2.70% |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.00% | 209.96% | 64.15% |
| Management Fee | 0.30% | 0.00% | 1.25% | 24.75% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.63% | 78.80% |
| USIBX 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 |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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% | 2053.00% | 40.20% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.18% | 0.00% | 95.13% | 27.11% |
| USIBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.71% | 0.00% | 4.99% | 3.78% |
| 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
12.91
12.9%
JULIANNE BASS, CFA, is vice president and portfolio manager. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the 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
6.0
6.0%
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
3.07
3.1%
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
3.07
3.1%
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
0.42
0.4%
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
0.42
0.4%
R. Neal Graves, CFA, CPA, Assistant Vice President, Insurance Portfolios, has more than 20 years of finance related experience including 18 years of investment management experience with USAA Asset Management Company. 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 |
|---|---|---|---|
| 0.0 | 33.02 | 7.66 | 7.54 |
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