USVAX: USAA Virginia Bond Fund - MutualFunds.com
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USAA VA Bond

USVAX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $743 M
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$11.69
$11.05
$11.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Compare USVAX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.84

+0.07%

$83.62 B

-

$0.00

-0.13%

0.17%

$11.26

0.00%

$35.51 B

-

$0.00

0.00%

0.17%

$13.66

0.00%

$25.53 B

-

$0.00

0.29%

0.52%

$15.95

0.00%

$22.11 B

-

$0.00

0.00%

0.17%

$116.96

-0.06%

$21.10 B

-

-

-0.20%

0.07%

USVAX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Virginia Bond Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Oct 10, 1990
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Regina Conklin

Fund Description

The fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and Virginia state income tax purposes. At least 80% of the fund's net assets will consist of Virginia tax-exempt securities. The fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.


USVAX - Performance

Return Ranking - Trailing

Period USVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -2.2% 5.2% 55.35%
1 Yr 5.5% -1.3% 19.0% 39.95%
3 Yr 4.1%* 0.3% 9.0% 50.44%
5 Yr 3.0%* -0.4% 7.6% 39.03%
10 Yr 4.5%* -0.1% 10.3% 31.65%

* Annualized

Return Ranking - Calendar

Period USVAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 38.62%
2019 3.2% -0.3% 15.4% 71.78%
2018 -2.2% -10.3% 97.2% 51.86%
2017 1.5% -100.0% 7.6% 50.31%
2016 -2.4% -7.9% 96.8% 28.07%

Total Return Ranking - Trailing

Period USVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -2.2% 5.2% 55.35%
1 Yr 5.5% -4.3% 19.0% 29.94%
3 Yr 4.1%* -1.6% 9.0% 40.84%
5 Yr 3.0%* -1.6% 7.6% 32.85%
10 Yr 4.5%* -0.1% 10.3% 28.94%

* Annualized

Total Return Ranking - Calendar

Period USVAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 38.62%
2019 3.2% -0.3% 15.4% 71.90%
2018 -2.2% -10.3% 11.0% 54.10%
2017 1.5% -100.0% 7.6% 55.13%
2016 -2.4% -7.9% 3.0% 32.87%

NAV & Total Return History


USVAX - Holdings

Concentration Analysis

USVAX Category Low Category High USVAX % Rank
Net Assets 743 M 957 K 83.6 B 36.54%
Number of Holdings 200 3 11152 58.20%
Net Assets in Top 10 130 M -192 M 4.1 B 33.92%
Weighting of Top 10 17.54% 2.3% 100.0% 48.86%

Top 10 Holdings

  1. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.47% 4.10%
  2. DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 0.48% 3.65%
  3. HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5% 2.47%
  4. ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV 5% 2.11%
  5. FAIRFAX CNTY VA INDL DEV AUTH REV 5% 2.00%
  6. VIRGINIA SMALL BUSINESS FING AUTH HOSP REV 0.09% 1.89%
  7. VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG 1.73%
  8. LOUDOUN CNTY VA INDL DEV AUTH REV 0.09% 1.73%
  9. VIRGINIA ST PUB SCH AUTH SCH FING 5% 1.58%
  10. VIRGINIA COMMLTH TRANSN BRD FED TRANSN GRNT ANTIC REV 5% 1.56%

Asset Allocation

Weighting Return Low Return High USVAX % Rank
Bonds
100.00% 49.32% 147.73% 11.22%
Stocks
0.00% 0.00% 2.34% 38.38%
Preferred Stocks
0.00% -0.93% 0.17% 35.56%
Other
0.00% -13.58% 13.72% 38.29%
Convertible Bonds
0.00% -0.42% 1.26% 35.68%
Cash
0.00% -47.72% 50.68% 85.20%

Bond Sector Breakdown

Weighting Return Low Return High USVAX % Rank
Municipal
100.00% 47.54% 100.00% 5.50%
Derivative
0.00% 0.00% 0.85% 35.51%
Cash & Equivalents
0.00% 0.00% 50.68% 89.73%
Securitized
0.00% 0.00% 6.51% 36.98%
Corporate
0.00% 0.00% 15.75% 46.40%
Government
0.00% 0.00% 50.11% 41.07%

Bond Geographic Breakdown

Weighting Return Low Return High USVAX % Rank
US
95.91% 49.32% 141.36% 55.30%
Non US
4.09% 0.00% 24.81% 18.04%

USVAX - Expenses

Operational Fees

USVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 16.95% 77.76%
Management Fee 0.32% 0.00% 1.10% 17.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% 76.39%

Sales Fees

USVAX 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

Trading Fees

USVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

USVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 299.40% 58.29%

USVAX - Distributions

Dividend Yield Analysis

USVAX Category Low Category High USVAX % Rank
Dividend Yield 0.00% 0.00% 1.81% 39.91%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USVAX Category Low Category High USVAX % Rank
Net Income Ratio 2.70% -1.65% 5.71% 30.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

USVAX - Fund Manager Analysis

Managers

Regina Conklin


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.75

1.8%

Regina G. Conklin, CFA, CPA, Victory Capital Senior Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has 24 years of investment management experience, and has worked 28 years with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Ms. Conklin is a member of the CFA Institute, the CFA Society of San Antonio, and the National Federation of Municipal Analysts.

Andrew Hattman


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.75

1.8%

Andrew Hattman, CFA, CAIA, Victory Capital Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has eight years of investment management experience, all of which have been with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Mr. Hattman holds CFA and CAIA designations.

Lauren Spalten


Start Date

Tenure

Tenure Rank

Mar 02, 2021

0.08

0.1%

Lauren Spalten is a Portfolio Manager with USAA Investments, A Victory Capital Investment Franchise, and has managed the Funds since March 2021. In 2018, Ms. Spalten joined USAA Investments as a Municipal Analyst covering the Southeast region. Prior to joining USAA, Lauren was an Associate Director at Standard & Poor's (now S&P Global Ratings), where she specialized in evaluating creditworthiness of state and local governments across the Southwest United States. Lauren has additional experience in commercial real estate development and business plan development, primarily for medical and non-profit entities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.02 7.0 0.41