USSPX: USAA S&P 500 Index Member

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USSPX USAA S&P 500 Index Member

  • Fund
  • USSPX
  • Price as of: Dec 05, 2019
  • $43.96
    + $0.07 + 0.16%

Profile

USSPX - Profile

Vitals

  • YTD Return 24.8%
  • 3 Yr Annualized Return 11.6%
  • 5 Yr Annualized Return 8.1%
  • Net Assets $7.97 B
  • Holdings in Top 10 23.5%

52 WEEK LOW AND HIGH

$43.96
$33.02
$44.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.26%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA $3,000

Fund Classification


Distributions

  • YTD Total Return 24.6%
  • 3 Yr Annualized Total Return 11.5%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.75%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    USAA 500 Index Fund
  • Fund Family Name
    USAA
  • Inception Date
    May 01, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mannik Dhillon

Fund Description

The USAA S&P 500 Index Fund Member Shares (USSPX) is a low-cost, passively managed index fund that provides exposure to large-cap U.S. equities. USSPX tracks the benchmark S&P 500 Index and uses a partial-replication strategy. At least 80% of the fund’s holdings must be invested in the S&P 500, however, managers will try to mimic the overall direction of the index by using similar sector weights.

As an index covering large-cap stocks and every sector of the market, USSPX makes an ideal core position for any investor’s portfolio. USSPX is managed externally by Northern Trust Investments Inc.


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Categories

Fund Company Quick Screens

USSPX - Fund Company Quick Screens


Performance

USSPX - Performance

Return Ranking - Trailing

Period USSPX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.8% 0.0% 37.8% 36.84%
1 Yr 14.4% -59.2% 25.8% 21.19%
3 Yr 11.6%* -31.4% 56.5% 20.55%
5 Yr 8.1%* -27.0% 29.2% 19.00%
10 Yr 10.2%* -9.1% 14.4% 29.99%

* Annualized

Return Ranking - Calendar

Period USSPX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.3% -67.0% 10.0% 12.71%
2017 19.5% -32.8% 302.5% 12.95%
2016 9.0% -26.1% 19.7% 26.03%
2015 -0.8% -82.5% 7.8% 12.22%
2014 11.4% -28.7% 24.1% 12.56%

Total Return Ranking - Trailing

Period USSPX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.6% -0.3% 37.5% 38.31%
1 Yr 14.2% -59.2% 25.6% 39.71%
3 Yr 11.5%* -21.3% 56.5% 41.87%
5 Yr 8.1%* -17.9% 29.2% 41.94%
10 Yr 10.2%* -4.3% 17.3% 63.81%

* Annualized

Total Return Ranking - Calendar

Period USSPX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.3% -67.0% 10.0% 39.40%
2017 19.5% -22.1% 302.5% 50.53%
2016 9.0% -16.4% 23.8% 55.99%
2015 -0.8% -26.4% 106.5% 41.08%
2014 11.4% -24.8% 25.9% 40.49%

NAV & Total Return History


Holdings

USSPX - Holdings

Concentration Analysis

USSPX Category Low Category High USSPX % Rank
Net Assets 7.97 B 134 K 875 B 9.42%
Number of Holdings 504 2 3613 19.35%
Net Assets in Top 10 1.79 B -123 M 155 B 13.50%
Weighting of Top 10 23.54% 2.2% 1400.6% 68.34%

Top 10 Holdings

  1. Microsoft Corp 4.24%
  2. Apple Inc 4.24%
  3. Amazon.com Inc 3.11%
  4. Alphabet Inc Class C 3.04%
  5. Berkshire Hathaway Inc B 1.88%
  6. Facebook Inc A 1.63%
  7. JPMorgan Chase & Co 1.54%
  8. Johnson & Johnson 1.37%
  9. Procter & Gamble Co 1.26%
  10. Visa Inc Class A 1.23%

Asset Allocation

Weighting Return Low Return High USSPX % Rank
Stocks
99.59% -1.18% 145.87% 22.24%
Cash
0.40% -45.87% 101.18% 73.17%
Preferred Stocks
0.00% -17.98% 6.21% 86.42%
Other
0.00% -1.48% 16.72% 85.40%
Convertible Bonds
0.00% 0.00% 9.79% 86.25%
Bonds
0.00% -14.46% 11.29% 85.57%

Stock Sector Breakdown

Weighting Return Low Return High USSPX % Rank
Technology
23.84% 0.00% 118.30% 19.71%
Financial Services
16.01% 0.00% 106.34% 46.98%
Healthcare
12.83% 0.00% 92.30% 67.12%
Consumer Cyclical
11.41% 0.00% 74.42% 44.69%
Industrials
9.99% 0.00% 79.24% 49.11%
Consumer Defense
8.21% 0.00% 71.31% 34.58%
Energy
4.28% -1.47% 70.63% 45.11%
Real Estate
3.66% -3.11% 64.58% 30.33%
Utilities
3.62% -13.41% 21.36% 25.74%
Communication Services
3.53% 0.00% 27.72% 63.04%
Basic Materials
1.81% -3.81% 23.60% 68.99%

Stock Geographic Breakdown

Weighting Return Low Return High USSPX % Rank
US
99.54% 80.02% 687.00% 5.01%
Non US
0.05% -688.18% 20.06% 90.75%

Expenses

USSPX - Expenses

Operational Fees

USSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.00% 119.91% 91.80%
Management Fee 0.10% 0.00% 2.00% 9.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.00% 0.85% 29.70%

Sales Fees

USSPX 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 0.95% 5.00% N/A

Trading Fees

USSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 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.

USSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 838.00% 7.38%

Distributions

USSPX - Distributions

Dividend Yield Analysis

USSPX Category Low Category High USSPX % Rank
Dividend Yield 0.84% 0.00% 8.17% 26.57%

Dividend Distribution Analysis

USSPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

USSPX Category Low Category High USSPX % Rank
Net Income Ratio 1.75% -2.85% 2.89% 14.93%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

USSPX - Fund Manager Analysis

Managers

Mannik Dhillon


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.42

0.4%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Wasif A. Latif


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.42

0.4%

Wasif A. Latif is Head of Global Multi-Assets for USAA Asset Management Company and he has worked for the firm since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes. Mr. Latif holds a B.S. in finance from University of Indianapolis and a M.B.A. from University of Illinois at Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.39 6.03 0.42