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

USIBX - Snapshot

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $3.81 B
  • Holdings in Top 10 12.7%

52 WEEK LOW AND HIGH

$10.95
$10.75
$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

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$85.60

-0.26%

$306.68 B

2.03%

$1.74

-2.94%

0.04%

Vanguard Total Bond Market Index Fund

Fund

$11.29

-0.18%

$306.68 B

-

$0.00

-2.84%

0.15%

Vanguard Total Bond Market II Index Fund

Fund

$11.13

-0.27%

$246.77 B

1.94%

$0.22

-2.88%

0.09%

Metropolitan West Total Return Bond Fund

Fund

$10.96

-0.27%

$88.28 B

1.20%

$0.13

-1.97%

0.67%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$114.94

-0.25%

$88.12 B

1.95%

$2.24

-2.71%

0.04%

USIBX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.3%
  • 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 -0.8% -9.0% 1371.7% 9.15%
1 Yr 7.1% -2.4% 25.5% 5.69%
3 Yr 6.7%* 0.9% 10.0% 5.55%
5 Yr 5.3%* 1.1% 8.0% 3.16%
10 Yr 4.7%* 1.1% 8.1% 2.72%

* Annualized

Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -10.1% 1027.9% 79.12%
2019 5.7% -2.6% 23.0% 47.71%
2018 -4.5% -12.9% 2.7% 84.23%
2017 2.3% -49.5% 14.3% 12.90%
2016 2.7% -49.3% 192.8% 5.35%

Total Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -9.0% 95.0% 9.15%
1 Yr 7.1% -6.1% 25.5% 4.80%
3 Yr 6.7%* 0.9% 10.0% 5.11%
5 Yr 5.3%* 0.9% 8.0% 2.96%
10 Yr 4.7%* 1.1% 8.1% 2.49%

* Annualized

Total Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -10.1% 1027.9% 79.12%
2019 5.7% -2.6% 23.0% 49.95%
2018 -4.5% -12.9% 3.9% 86.33%
2017 2.3% -6.0% 17.4% 32.78%
2016 2.7% -5.7% 204.3% 20.37%

NAV & Total Return History

USIBX - Holdings

Concentration Analysis

USIBX Category Low Category High USIBX % Rank
Net Assets 3.81 B 3.17 M 307 B 30.14%
Number of Holdings 787 1 18596 43.40%
Net Assets in Top 10 497 M -1.15 B 43.2 B 39.61%
Weighting of Top 10 12.74% 3.4% 100.0% 91.75%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 1.90%
  2. Us 10yr Note Fut Jun21 1.80%
  3. Us 10yr Note Fut Jun21 1.80%
  4. Us 10yr Note Fut Jun21 1.80%
  5. Us 10yr Note Fut Jun21 1.80%
  6. Us 10yr Note Fut Jun21 1.80%
  7. Us 10yr Note Fut Jun21 1.80%
  8. Us 10yr Note Fut Jun21 1.80%
  9. Us 10yr Note Fut Jun21 1.80%
  10. Us 10yr Note Fut Jun21 1.80%

Asset Allocation

Weighting Return Low Return High USIBX % Rank
Bonds 		92.43% -49.43% 176.88% 68.24%
Cash 		5.37% -86.81% 162.46% 36.01%
Convertible Bonds 		1.12% 0.00% 20.83% 56.51%
Preferred Stocks 		1.08% 0.00% 86.98% 5.63%
Stocks 		0.00% -0.28% 30.64% 60.94%
Other 		0.00% -16.32% 18.62% 50.60%

Bond Sector Breakdown

Weighting Return Low Return High USIBX % Rank
Corporate 		35.63% 0.00% 100.00% 38.69%
Securitized 		34.58% 0.00% 98.63% 35.00%
Government 		20.12% 0.00% 74.17% 55.68%
Cash & Equivalents 		5.14% 0.00% 85.08% 48.85%
Municipal 		4.53% 0.00% 100.00% 7.57%
Derivative 		0.00% 0.00% 25.69% 66.67%

Bond Geographic Breakdown

Weighting Return Low Return High USIBX % Rank
US 		81.71% -49.69% 245.19% 61.59%
Non US 		10.72% -108.35% 38.91% 44.60%

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% 62.26%
Management Fee 0.30% 0.00% 0.85% 29.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 73.26%

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% 0.00% 496.00% 29.74%

USIBX - Distributions

Dividend Yield Analysis

USIBX Category Low Category High USIBX % Rank
Dividend Yield 0.00% 0.00% 2.58% 51.15%

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% 3.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

USIBX - Fund Manager Analysis

Managers

Julianne Bass

Start Date

Tenure

Tenure Rank

Jan 04, 2007

14.41

14.4%

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.

Brian Smith

Start Date

Tenure

Tenure Rank

Dec 01, 2013

7.5

7.5%

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

4.57

4.6%

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.

Kurt Daum

Start Date

Tenure

Tenure Rank

Nov 04, 2016

4.57

4.6%

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.

James Jackson

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.92

1.9%

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.

R.Neal Graves

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.92

1.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 32.43 6.77 0.16

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