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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 | 4.5% | -31.9% | 954.3% | 29.53% |
| 1 Yr | 3.3% | -28.0% | 949.8% | 34.52% |
| 3 Yr | 1.7%* | -17.5% | 120.9% | 34.15% |
| 5 Yr | 1.5%* | -8.5% | 60.7% | 23.27% |
| 10 Yr | 0.9%* | -5.2% | 14.4% | 14.69% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.7% | -5.8% | 20.3% | 26.10% |
| 2018 | -4.5% | -29.6% | 4.6% | 85.45% |
| 2017 | 2.3% | -6.0% | 15.8% | 18.37% |
| 2016 | 2.7% | -7.8% | 15.0% | 6.81% |
| 2015 | -6.3% | -11.6% | 3.0% | 97.62% |
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | -31.9% | 954.3% | 29.53% |
| 1 Yr | 3.3% | -28.0% | 949.8% | 34.47% |
| 3 Yr | 1.7%* | -17.5% | 120.9% | 38.19% |
| 5 Yr | 1.5%* | -8.5% | 60.7% | 31.40% |
| 10 Yr | 0.9%* | -5.2% | 16.1% | 30.83% |
* Annualized
| Period | USIBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.7% | -5.8% | 20.3% | 26.53% |
| 2018 | -4.5% | -29.6% | 4.6% | 87.94% |
| 2017 | 2.3% | -6.0% | 15.8% | 27.45% |
| 2016 | 2.7% | -7.8% | 15.0% | 13.14% |
| 2015 | -6.3% | -9.9% | 3.0% | 97.99% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.8 B | 619 K | 88.4 B | 15.30% |
| Number of Holdings | 758 | 1 | 10083 | 20.36% |
| Net Assets in Top 10 | 390 M | -202 M | 26.9 B | 20.08% |
| Weighting of Top 10 | 10.11% | 2.6% | 100.0% | 86.83% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Bonds | 92.84% | 78.92% | 199.79% | 76.47% |
| Cash | 4.54% | -128.23% | 19.68% | 30.79% |
| Convertible Bonds | 1.63% | 0.00% | 9.45% | 20.31% |
| Preferred Stocks | 1.00% | -0.17% | 22.02% | 2.07% |
| Stocks | 0.00% | -4.99% | 21.62% | 46.51% |
| Other | 0.00% | -9.40% | 31.94% | 44.53% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| Corporate | 52.55% | 0.00% | 99.00% | 12.50% |
| Securitized | 29.97% | 0.00% | 97.53% | 24.13% |
| Government | 8.85% | -2.21% | 99.96% | 41.73% |
| Cash & Equivalents | 4.54% | -26.49% | 93.17% | 35.94% |
| Municipal | 4.08% | 0.00% | 100.06% | 48.12% |
| Derivative | 0.00% | 0.00% | 39.43% | 49.82% |
| Weighting | Return Low | Return High | USIBX % Rank | |
|---|---|---|---|---|
| US | 79.02% | 49.78% | 199.79% | 86.86% |
| Non US | 13.82% | -12.10% | 39.65% | 13.01% |
| USIBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 34.57% | 63.85% |
| Management Fee | 0.30% | 0.00% | 1.60% | 21.70% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 74.65% |
| 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 | 1.00% | 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% | 496.90% | 43.65% |
| USIBX | Category Low | Category High | USIBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.88% | 43.80% |
| 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% | -0.81% | 6.02% | 3.54% |
| USIBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | 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
13.67
13.7%
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
6.75
6.8%
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
3.82
3.8%
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
3.82
3.8%
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
1.17
1.2%
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
1.17
1.2%
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 |
|---|---|---|---|
| 0.04 | 33.3 | 7.05 | 0.17 |
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