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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA Intermediate Term Bond Fund

USIBX | Fund

$8.89

$3.32 B

3.50%

$0.31

0.63%

Vitals

YTD Return

-16.1%

1 yr return

-7.9%

3 Yr Avg Return

1.7%

5 Yr Avg Return

2.4%

Net Assets

$3.32 B

Holdings in Top 10

17.3%

52 WEEK LOW AND HIGH

$8.9
$8.84
$10.97

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 69.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Intermediate Core-Plus Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA Intermediate Term Bond Fund

USIBX | Fund

$8.89

$3.32 B

3.50%

$0.31

0.63%

USIBX - Profile

Distributions

  • YTD Total Return -16.1%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 3.5%
  • 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 -16.1% -50.1% -0.6% 35.41%
1 Yr -7.9% -21.8% 6.9% 22.52%
3 Yr 1.7%* -4.0% 10.6% 8.01%
5 Yr 2.4%* -1.6% 6.3% 8.29%
10 Yr 3.4%* -0.5% 7.0% 5.75%

* Annualized

Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2021 -3.9% -75.2% 1360.6% 72.97%
2020 2.4% -14.5% 1027.9% 78.17%
2019 5.7% -11.1% 23.0% 46.78%
2018 -4.5% -11.4% 6.8% 84.19%
2017 2.3% -49.5% 12.4% 13.65%

Total Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.1% -50.1% -0.6% 35.32%
1 Yr -7.9% -21.8% 2.9% 19.59%
3 Yr 1.7%* -4.0% 8.7% 7.81%
5 Yr 2.4%* -1.6% 5.3% 7.81%
10 Yr 3.4%* -0.5% 6.5% 5.65%

* Annualized

Total Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2021 -3.9% -75.2% 93.6% 72.97%
2020 2.4% -14.5% 1027.9% 78.17%
2019 5.7% -11.1% 23.0% 49.17%
2018 -4.5% -11.4% 6.8% 86.19%
2017 2.3% -49.5% 12.4% 33.41%

NAV & Total Return History

USIBX - Holdings

Concentration Analysis

USIBX Category Low Category High USIBX % Rank
Net Assets 3.32 B 1.19 M 287 B 29.00%
Number of Holdings 850 1 17234 40.99%
Net Assets in Top 10 633 M -106 M 27.6 B 33.09%
Weighting of Top 10 17.32% 3.7% 100.0% 75.23%

Top 10 Holdings

  1. United States Treasury Notes 1.625% 2.85%
  2. United States Treasury Notes 1.125% 2.59%
  3. United States Treasury Notes 0.75% 2.17%
  4. Us 10yr Note Fut Dec21 2.07%
  5. Us 10yr Note Fut Dec21 2.07%
  6. Us 10yr Note Fut Dec21 2.07%
  7. Us 10yr Note Fut Dec21 2.07%
  8. Us 10yr Note Fut Dec21 2.07%
  9. Us 10yr Note Fut Dec21 2.07%
  10. Us 10yr Note Fut Dec21 2.07%

Asset Allocation

Weighting Return Low Return High USIBX % Rank
Bonds 		96.95% 3.97% 268.18% 36.55%
Convertible Bonds 		1.38% 0.00% 10.39% 50.40%
Cash 		0.99% -181.13% 95.99% 67.98%
Preferred Stocks 		0.69% 0.00% 77.13% 9.69%
Stocks 		0.00% -1.15% 24.74% 51.39%
Other 		0.00% -13.23% 23.06% 34.62%

Bond Sector Breakdown

Weighting Return Low Return High USIBX % Rank
Corporate 		37.89% 0.00% 100.00% 27.35%
Securitized 		33.16% 0.00% 98.79% 38.39%
Government 		23.64% 0.00% 86.23% 51.57%
Municipal 		4.32% 0.00% 100.00% 10.04%
Cash & Equivalents 		0.99% 0.00% 95.99% 90.49%
Derivative 		0.00% 0.00% 25.16% 55.61%

Bond Geographic Breakdown

Weighting Return Low Return High USIBX % Rank
US 		89.39% 3.63% 210.09% 37.58%
Non US 		7.56% -6.54% 58.09% 56.68%

USIBX - Expenses

Operational Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 2.93% 44.78%
Management Fee 0.35% 0.00% 1.76% 43.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 69.59%

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 69.00% 2.00% 493.39% 27.67%

USIBX - Distributions

Dividend Yield Analysis

USIBX Category Low Category High USIBX % Rank
Dividend Yield 3.50% 0.00% 7.00% 21.58%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USIBX Category Low Category High USIBX % Rank
Net Income Ratio 2.50% -1.28% 8.97% 9.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

USIBX - Fund Manager Analysis

Managers

Julianne Bass

Start Date

Tenure

Tenure Rank

Jan 04, 2007

15.41

15.4%

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

8.5

8.5%

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

5.57

5.6%

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

5.57

5.6%

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

2.92

2.9%

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

2.92

2.9%

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
0.08 33.43 6.77 1.16

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