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Trending ETFs

USAA Income Fund

mutual fund
UINCX
Dividend policy
Active
Price as of:
$13.54 -0.04 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration
UINCX (Mutual Fund)

USAA Income Fund

Dividend policy
Active
Price as of:
$13.54 -0.04 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration
UINCX (Mutual Fund)

USAA Income Fund

Dividend policy
Active
Price as of:
$13.54 -0.04 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

USAA Income Fund

UINCX | Fund

$13.54

$8.4 B

2.34%

$0.32

0.77%

Vitals

YTD Return

-2.0%

1 yr return

2.7%

3 Yr Avg Return

6.3%

5 Yr Avg Return

3.9%

Net Assets

$8.4 B

Holdings in Top 10

6.1%

52 WEEK LOW AND HIGH

$13.6
$13.41
$14.03

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


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 Income Fund

UINCX | Fund

$13.54

$8.4 B

2.34%

$0.32

0.77%

UINCX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.64%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Income 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
    Julianne Bass

Fund Description

The fund invests its assets primarily in U.S. dollar-denominated fixed-income securities that have been selected for their high yields relative to the risk involved. 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 as high-yield or "junk" bonds.


UINCX - Performance

Return Ranking - Trailing

Period UINCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -83.6% 1361.8% 16.73%
1 Yr 2.7% -9.5% 15.6% 11.98%
3 Yr 6.3%* 0.1% 10.6% 18.80%
5 Yr 3.9%* 0.6% 7.3% 17.65%
10 Yr 4.0%* 0.8% 9.0% 24.10%

* Annualized

Return Ranking - Calendar

Period UINCX Return Category Return Low Category Return High Rank in Category (%)
2020 3.3% -82.5% 1027.9% 62.88%
2019 7.0% -20.8% 23.0% 10.02%
2018 -4.7% -11.4% 2.7% 87.01%
2017 1.9% -49.5% 12.4% 21.75%
2016 2.2% -49.3% 192.8% 8.79%

Total Return Ranking - Trailing

Period UINCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -83.6% 1360.7% 16.82%
1 Yr 0.4% -12.2% 15.6% 45.21%
3 Yr 5.5%* -0.9% 10.3% 47.31%
5 Yr 3.4%* 0.6% 7.3% 35.06%
10 Yr 3.7%* 0.8% 9.0% 35.19%

* Annualized

Total Return Ranking - Calendar

Period UINCX Return Category Return Low Category Return High Rank in Category (%)
2020 3.3% -82.5% 1027.9% 62.88%
2019 7.0% -20.8% 23.0% 11.74%
2018 -4.7% -11.4% 3.9% 87.99%
2017 1.9% -6.0% 12.4% 39.65%
2016 2.2% -7.0% 204.3% 25.58%

NAV & Total Return History


UINCX - Holdings

Concentration Analysis

UINCX Category Low Category High UINCX % Rank
Net Assets 8.4 B 3.2 M 316 B 20.02%
Number of Holdings 1108 1 18612 30.12%
Net Assets in Top 10 494 M -1.01 B 45.4 B 39.58%
Weighting of Top 10 6.14% 3.8% 100.0% 98.89%

Top 10 Holdings

  1. United States Treasury Notes 2% 0.91%
  2. United States Treasury Bonds 2.38% 0.82%
  3. United States Treasury Bonds 2.5% 0.74%
  4. United States Treasury Notes 2.62% 0.62%
  5. United States Treasury Notes 0.12% 0.62%
  6. United States Treasury Bonds 1.88% 0.58%
  7. United States Treasury Bonds 2.25% 0.55%
  8. United States Treasury Bonds 2.25% 0.52%
  9. United States Treasury Notes 1.62% 0.52%
  10. United States Treasury Notes 1.5% 0.50%

Asset Allocation

Weighting Return Low Return High UINCX % Rank
Bonds
91.52% -37.84% 176.88% 72.16%
Cash
5.08% -86.81% 152.67% 36.56%
Convertible Bonds
2.48% 0.00% 20.85% 16.09%
Preferred Stocks
0.91% 0.00% 79.44% 8.32%
Stocks
0.01% -1.05% 24.74% 30.21%
Other
0.00% -16.29% 16.29% 88.48%

Stock Sector Breakdown

Weighting Return Low Return High UINCX % Rank
Real Estate
100.00% 0.00% 100.00% 1.63%
Utilities
0.00% 0.00% 100.00% 98.05%
Technology
0.00% 0.00% 42.46% 97.39%
Industrials
0.00% 0.00% 58.73% 98.70%
Healthcare
0.00% 0.00% 100.00% 98.05%
Financial Services
0.00% 0.00% 100.00% 99.02%
Energy
0.00% 0.00% 100.00% 98.37%
Communication Services
0.00% 0.00% 100.00% 98.05%
Consumer Defense
0.00% 0.00% 99.65% 98.05%
Consumer Cyclical
0.00% 0.00% 100.00% 97.39%
Basic Materials
0.00% 0.00% 100.00% 98.05%

Stock Geographic Breakdown

Weighting Return Low Return High UINCX % Rank
US
0.01% -1.05% 24.47% 27.06%
Non US
0.00% 0.00% 3.29% 99.82%

Bond Sector Breakdown

Weighting Return Low Return High UINCX % Rank
Corporate
57.68% 0.00% 100.00% 4.84%
Securitized
16.79% 0.00% 99.35% 84.28%
Government
10.99% 0.00% 79.70% 83.82%
Municipal
9.58% 0.00% 100.00% 6.12%
Cash & Equivalents
4.95% 0.00% 100.00% 51.55%
Derivative
0.00% 0.00% 19.95% 98.35%

Bond Geographic Breakdown

Weighting Return Low Return High UINCX % Rank
US
79.68% -38.26% 245.19% 66.18%
Non US
11.84% -108.35% 38.91% 41.96%

UINCX - Expenses

Operational Fees

UINCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 2.91% 32.84%
Management Fee 0.24% 0.00% 0.95% 14.01%
12b-1 Fee 0.25% 0.00% 1.00% 39.21%
Administrative Fee 0.15% 0.01% 0.50% 80.18%

Sales Fees

UINCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.00% 5.75% 97.06%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

UINCX 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.

UINCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 6.00% 496.00% 4.81%

UINCX - Distributions

Dividend Yield Analysis

UINCX Category Low Category High UINCX % Rank
Dividend Yield 2.34% 0.00% 3.29% 99.73%

Dividend Distribution Analysis

UINCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

UINCX Category Low Category High UINCX % Rank
Net Income Ratio 2.64% -0.20% 8.97% 14.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

UINCX - Fund Manager Analysis

Managers

Julianne Bass


Start Date

Tenure

Tenure Rank

Jul 16, 2012

9.21

9.2%

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

7.84

7.8%

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.

John Spear


Start Date

Tenure

Tenure Rank

Nov 04, 2016

4.91

4.9%

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

4.91

4.9%

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

2.25

2.3%

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

2.25

2.3%

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
0.01 32.76 6.59 0.5