USIBX: USAA Intermediate Term Bond Fund - MutualFunds.com

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USAA Intermediate-Term Bond

USIBX - Snapshot

Vitals

  • YTD Return 5.1%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $3.79 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$11.31
$10.04
$11.33

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

BND | ETF

$87.93

-0.17%

$298.00 B

2.47%

$2.17

5.06%

-

Vanguard Total Bond Market Index Fund

Fund

$11.60

-0.09%

$298.00 B

-

$0.00

4.98%

-

Vanguard Total Bond Market II Index Fund

Fund

$11.51

-0.17%

$204.55 B

2.23%

$0.26

4.54%

-

Metropolitan West Total Return Bond Fund

Fund

$11.66

-0.09%

$90.55 B

1.59%

$0.19

6.58%

-

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$117.71

-0.11%

$83.43 B

2.24%

$2.64

4.93%

-

USIBX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 5.8%
  • 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 5.1% -6.6% 948.5% 52.02%
1 Yr 8.7% -3.8% 18.7% 23.53%
3 Yr 6.1%* 0.9% 9.1% 14.01%
5 Yr 5.8%* 1.1% 8.8% 4.35%
10 Yr 5.2%* 1.4% 8.1% 3.11%

* Annualized

Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 13.9% 47.55%
2018 -4.5% -10.3% 2.7% 84.47%
2017 2.3% -49.5% 8.1% 12.34%
2016 2.7% -49.3% 192.8% 4.90%
2015 -6.3% -12.2% 0.2% 96.21%

Total Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -6.6% 948.5% 51.63%
1 Yr 8.7% -7.3% 18.7% 20.55%
3 Yr 6.1%* 0.9% 9.1% 13.27%
5 Yr 5.8%* 1.0% 8.8% 3.81%
10 Yr 5.2%* 1.4% 8.1% 2.76%

* Annualized

Total Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 13.9% 49.65%
2018 -4.5% -10.3% 3.9% 86.54%
2017 2.3% -6.0% 8.4% 32.60%
2016 2.7% -5.7% 204.3% 19.72%
2015 -6.3% -12.2% 3.7% 97.90%

NAV & Total Return History

USIBX - Holdings

Concentration Analysis

USIBX Category Low Category High USIBX % Rank
Net Assets 3.79 B 3.19 M 298 B 29.57%
Number of Holdings 799 1 18468 44.09%
Net Assets in Top 10 328 M -1.17 B 39.4 B 47.53%
Weighting of Top 10 8.41% 3.1% 100.0% 96.38%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 1.40%
  2. United States Treasury Bonds 3.38% 1.12%
  3. Us Long Bond Fut Dec 20 1.02%
  4. Us Long Bond Fut Dec 20 1.02%
  5. Us Long Bond Fut Dec 20 1.02%
  6. Us Long Bond Fut Dec 20 1.02%
  7. Us Long Bond Fut Dec 20 1.02%
  8. Us Long Bond Fut Dec 20 1.02%
  9. Us Long Bond Fut Dec 20 1.02%
  10. Us Long Bond Fut Dec 20 1.02%

Asset Allocation

Weighting Return Low Return High USIBX % Rank
Bonds 		93.19% -56.20% 351.52% 59.67%
Cash 		4.47% -238.91% 164.87% 48.84%
Convertible Bonds 		1.32% 0.00% 11.80% 44.84%
Preferred Stocks 		1.02% 0.00% 80.56% 3.35%
Stocks 		0.00% -0.17% 10.12% 46.65%
Other 		0.00% -14.22% 9.30% 36.56%

Bond Sector Breakdown

Weighting Return Low Return High USIBX % Rank
Corporate 		50.08% 0.00% 100.00% 16.09%
Securitized 		32.82% 0.00% 98.73% 40.56%
Government 		8.26% 0.00% 89.10% 86.05%
Cash & Equivalents 		4.47% 0.00% 91.85% 60.19%
Municipal 		4.37% 0.00% 87.98% 7.44%
Derivative 		0.00% 0.00% 23.62% 55.63%

Bond Geographic Breakdown

Weighting Return Low Return High USIBX % Rank
US 		79.89% -56.44% 336.16% 67.53%
Non US 		13.30% -144.79% 79.88% 31.63%

USIBX - Expenses

Operational Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 21.33% 64.95%
Management Fee 0.30% 0.00% 0.85% 27.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 72.91%

Sales Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 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% 489.00% 34.76%

USIBX - Distributions

Dividend Yield Analysis

USIBX Category Low Category High USIBX % Rank
Dividend Yield 0.00% 0.00% 3.92% 36.97%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USIBX Category Low Category High USIBX % Rank
Net Income Ratio 3.32% -0.35% 11.28% 7.60%

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

13.92

13.9%

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

7.0

7.0%

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.

John Spear

Start Date

Tenure

Tenure Rank

Nov 04, 2016

4.07

4.1%

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.

Kurt Daum

Start Date

Tenure

Tenure Rank

Nov 04, 2016

4.07

4.1%

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.

James Jackson

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.42

1.4%

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.

R.Neal Graves

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.42

1.4%

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 31.93 7.02 1.42

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