UXABX: USAA CA Bond A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

UXABX USAA CA Bond A


Profile

UXABX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $688 M
  • Holdings in Top 10 21.2%

52 WEEK LOW AND HIGH

$11.62
$10.38
$11.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA California Bond Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Aug 02, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bonnell

Fund Description

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


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

UXABX - Performance

Return Ranking - Trailing

Period UXABX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.6% 4.9% 18.65%
1 Yr 2.0% -2.0% 4.9% 10.47%
3 Yr 1.6%* -0.9% 2.8% 15.73%
5 Yr 0.9%* -0.6% 2.6% 38.31%
10 Yr N/A* -0.1% 2.2% 18.00%

* Annualized

Return Ranking - Calendar

Period UXABX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.4% 8.8% 44.97%
2018 -1.9% -6.2% 2.8% 29.28%
2017 2.0% -0.2% 6.8% 59.39%
2016 -3.2% -7.9% -1.7% 57.69%
2015 -0.2% -1.9% 1.8% 67.32%

Total Return Ranking - Trailing

Period UXABX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.6% 4.9% 18.65%
1 Yr 2.0% -2.0% 4.9% 10.47%
3 Yr 1.6%* -0.9% 3.5% 20.79%
5 Yr 0.9%* -0.6% 3.9% 44.81%
10 Yr N/A* -0.1% 4.6% 17.33%

* Annualized

Total Return Ranking - Calendar

Period UXABX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.4% 8.8% 44.97%
2018 -1.9% -6.2% 2.8% 31.49%
2017 2.0% -0.2% 6.9% 69.09%
2016 -3.2% -7.9% 0.8% 60.90%
2015 -0.2% -1.9% 3.7% 71.90%

NAV & Total Return History


Holdings

UXABX - Holdings

Concentration Analysis

UXABX Category Low Category High UXABX % Rank
Net Assets 688 M 2.92 M 17.1 B 47.15%
Number of Holdings 182 22 4406 70.47%
Net Assets in Top 10 140 M -117 M 2.99 B 39.90%
Weighting of Top 10 21.21% 3.4% 70.5% 25.91%

Top 10 Holdings

  1. DEUTSCHE BK SPEARS/LIFERS SER DBE-7001 TR 0.48% 4.13%
  2. CALIFORNIA HEALTH FACS FING AUTH REV 5% 2.33%
  3. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.32%
  4. BAY AREA TOLL AUTH CALIF TOLL BRDG REV 1.38% 2.21%
  5. EAST BAY CALIF MUN UTIL DIST WASTEWATER SYS REV 5% 2.01%
  6. CALIFORNIA ST 5% 1.72%
  7. SAN JOSE CALIF FING AUTH LEASE REV 5% 1.69%
  8. CALIFORNIA HEALTH FACS FING AUTH REV 4% 1.64%
  9. CENTINELA VALLEY CALIF UN HIGH SCH 4% 1.57%
  10. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0% 1.57%

Asset Allocation

Weighting Return Low Return High UXABX % Rank
Bonds
100.00% 89.21% 139.32% 18.65%
Stocks
0.00% 0.00% 0.10% 69.95%
Preferred Stocks
0.00% 0.00% 0.00% 68.91%
Other
0.00% -6.72% 0.94% 68.91%
Convertible Bonds
0.00% 0.00% 0.00% 68.91%
Cash
0.00% -39.32% 10.79% 83.42%

Bond Sector Breakdown

Weighting Return Low Return High UXABX % Rank
Municipal
100.00% 46.82% 101.06% 8.29%
Derivative
0.00% 0.00% 0.00% 68.91%
Cash & Equivalents
0.00% -0.27% 9.21% 96.89%
Securitized
0.00% 0.00% 0.00% 68.91%
Corporate
0.00% 0.00% 2.65% 71.50%
Government
0.00% -0.79% 47.72% 69.95%

Bond Geographic Breakdown

Weighting Return Low Return High UXABX % Rank
US
97.55% 86.58% 135.97% 49.74%
Non US
2.45% 0.00% 9.03% 29.02%

Expenses

UXABX - Expenses

Operational Fees

UXABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.09% 3.74% 49.48%
Management Fee 0.32% 0.00% 0.65% 15.54%
12b-1 Fee 0.25% 0.00% 1.00% 52.88%
Administrative Fee N/A 0.01% 0.33% 73.91%

Sales Fees

UXABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.25% 4.75% 95.24%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UXABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 100.00%

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.

UXABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 2.00% 235.00% 67.19%

Distributions

UXABX - Distributions

Dividend Yield Analysis

UXABX Category Low Category High UXABX % Rank
Dividend Yield 0.00% 0.00% 0.64% 70.47%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

UXABX Category Low Category High UXABX % Rank
Net Income Ratio 2.41% 0.73% 5.75% 70.31%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

UXABX - Fund Manager Analysis

Managers

John Bonnell


Start Date

Tenure

Tenure Rank

Aug 31, 2006

13.93

13.9%

John C. Bonnell, CFA, Victory Capital Senior Portfolio Manager--USAA Investments, a Victory Capital investment franchise, has 30 years of investment management experience, 25 of which have been with USAA Asset Management Company (AMCO), which was acquired by the Adviser's parent company in 2019. Education: B.B.A., University of Texas at San Antonio; M.B.A., St. Mary's University. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute, and the National Federation of Municipal Analysts.

Regina Conklin


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.08

1.1%

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

1.08

1.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.6 9.28 7.42