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Trending ETFs

USAA Income Fund

mutual fund
USAIX
Dividend policy
Active
Price as of:
$13.79 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
No Load (USAIX) Primary Inst (UIINX) Adv (UINCX) Retirement (URIFX) C (UCINX)
USAIX (Mutual Fund)

USAA Income Fund

Dividend policy
Active
Price as of:
$13.79 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
No Load (USAIX) Primary Inst (UIINX) Adv (UINCX) Retirement (URIFX) C (UCINX)
USAIX (Mutual Fund)
USAA Income Fund
Dividend policy
Active
Price as of:
$13.79 -0.01 0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
() () () () ()

USAIX - Snapshot

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $8.22 B
  • Holdings in Top 10 6.2%

52 WEEK LOW AND HIGH

$13.80
$12.58
$14.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme U.S. Intermediate-Term Bond Duration
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Compare USAIX to Popular U.S. Intermediate-Term Bond Duration Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Total Bond Market Index Fund

Fund

$11.50

-0.17%

$303.06 B

-

$0.00

blocked
blocked
blocked

-1.03%

-

Vanguard Total Bond Market II Index Fund

Fund

$11.34

-0.09%

$221.77 B

2.19%

$0.25

blocked
blocked
blocked

-1.05%

-

Metropolitan West Total Return Bond Fund

Fund

$11.09

-0.18%

$90.58 B

1.57%

$0.17

blocked
blocked
blocked

-0.81%

-

PIMCO Total Return Fund

Fund

$10.51

-0.19%

$69.80 B

2.55%

$0.27

blocked
blocked
blocked

-0.85%

-

American Funds The Bond Fund of America®

Fund

$13.68

-0.07%

$69.19 B

1.87%

$0.26

blocked
blocked
blocked

-0.80%

-

Compare USAIX to Popular U.S. Intermediate-Term Bond Duration ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Total Bond Market Index Fund

BND | ETF

$87.35

+0.08%

$303.06 B

2.24%

$1.95

blocked
blocked
blocked

-0.95%

-

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$117.25

+0.10%

$85.21 B

2.16%

$2.53

blocked
blocked
blocked

-0.80%

-

Vanguard Intermediate-Term Bond Index Fund

BIV | ETF

$92.10

+0.08%

$41.17 B

2.28%

$2.09

blocked
blocked
blocked

-0.81%

-

Schwab U.S. Aggregate Bond ETF™

SCHZ | ETF

$55.60

+0.11%

$8.72 B

2.45%

$1.36

blocked
blocked
blocked

-0.77%

-

iShares Core Total USD Bond Market ETF

IUSB | ETF

$54.25

+0.15%

$6.02 B

2.47%

$1.34

blocked
blocked
blocked

-0.60%

-

USAIX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Income Fund
  • Fund Family Name
    USAA
  • Inception Date
    Mar 04, 1974
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • 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.

USAIX - Performance

Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -1.5% 7.8% 14.04%
1 Yr 8.2% -4.0% 18.5% 45.94%
3 Yr 5.8%* 0.9% 9.8% 25.90%
5 Yr 5.8%* 1.1% 9.2% 7.78%
10 Yr 4.7%* 1.6% 8.4% 16.47%

* Annualized

Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2020 3.4% -10.1% 946.1% 61.84%
2019 7.0% -2.6% 13.9% 9.99%
2018 -4.7% -10.3% 2.7% 89.86%
2017 2.0% -49.5% 8.1% 18.25%
2016 2.2% -49.3% 192.8% 7.64%

Total Return Ranking - Trailing

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -1.5% 7.8% 14.04%
1 Yr 8.2% -6.2% 18.5% 38.72%
3 Yr 5.8%* 0.9% 9.8% 23.94%
5 Yr 5.8%* 1.1% 9.2% 6.72%
10 Yr 4.7%* 1.6% 8.4% 14.83%

* Annualized

Total Return Ranking - Calendar

Period USAIX Return Category Return Low Category Return High Rank in Category (%)
2020 3.4% -10.1% 946.1% 61.84%
2019 7.0% -2.6% 13.9% 11.50%
2018 -4.7% -10.3% 3.9% 90.62%
2017 2.0% -6.0% 8.4% 37.89%
2016 2.2% -5.7% 204.3% 25.52%

NAV & Total Return History

USAIX - Holdings

Concentration Analysis

USAIX Category Low Category High USAIX % Rank
Net Assets 8.22 B 3.2 M 303 B 17.85%
Number of Holdings 1082 1 18497 29.54%
Net Assets in Top 10 499 M -1.13 B 35.6 B 37.96%
Weighting of Top 10 6.20% 3.1% 100.0% 98.77%

Top 10 Holdings

  1. United States Treasury Notes 2% 0.94%
  2. United States Treasury Bonds 2.5% 0.84%
  3. United States Treasury Bonds 2.38% 0.79%
  4. United States Treasury Bonds 2.25% 0.63%
  5. United States Treasury Notes 2.62% 0.62%
  6. United States Treasury Notes 1.62% 0.53%
  7. Federal National Mortgage Association 4% 0.53%
  8. United States Treasury Notes 1.5% 0.50%
  9. United States Treasury Bonds 3% 0.42%
  10. SBA Tower Trust 3.45% 0.39%

Asset Allocation

Weighting Return Low Return High USAIX % Rank
Bonds 		94.98% -52.64% 351.52% 44.35%
Convertible Bonds 		2.32% 0.00% 11.80% 18.52%
Cash 		1.86% -238.91% 161.55% 67.13%
Preferred Stocks 		0.83% 0.00% 84.28% 6.76%
Stocks 		0.02% -0.25% 10.46% 18.24%
Other 		0.00% -14.22% 7.23% 66.48%

Stock Sector Breakdown

Weighting Return Low Return High USAIX % Rank
Energy 		71.53% 0.00% 100.00% 27.43%
Real Estate 		28.47% 0.00% 64.60% 2.08%
Utilities 		0.00% 0.00% 100.00% 76.39%
Technology 		0.00% 0.00% 74.68% 72.22%
Industrials 		0.00% 0.00% 33.93% 74.65%
Healthcare 		0.00% 0.00% 25.57% 73.26%
Financial Services 		0.00% 0.00% 100.00% 78.82%
Communication Services 		0.00% 0.00% 100.00% 79.86%
Consumer Defense 		0.00% 0.00% 24.55% 70.83%
Consumer Cyclical 		0.00% 0.00% 100.00% 73.26%
Basic Materials 		0.00% 0.00% 25.57% 71.18%

Stock Geographic Breakdown

Weighting Return Low Return High USAIX % Rank
US 		0.02% -0.25% 8.15% 15.37%
Non US 		0.00% 0.00% 3.59% 70.19%

Bond Sector Breakdown

Weighting Return Low Return High USAIX % Rank
Corporate 		60.23% 0.00% 100.00% 2.69%
Securitized 		19.79% 0.00% 98.07% 83.52%
Municipal 		9.66% 0.00% 89.53% 3.80%
Government 		8.47% 0.00% 86.49% 85.83%
Cash & Equivalents 		1.86% 0.00% 57.87% 84.63%
Derivative 		0.00% 0.00% 23.90% 79.44%

Bond Geographic Breakdown

Weighting Return Low Return High USAIX % Rank
US 		81.24% -52.88% 336.16% 62.22%
Non US 		13.74% -144.79% 48.76% 28.15%

USAIX - Expenses

Operational Fees

USAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 19.93% 75.27%
Management Fee 0.24% 0.00% 0.85% 13.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 77.10%

Sales Fees

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

Trading Fees

USAIX 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.

USAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 3.00% 484.45% 7.11%

USAIX - Distributions

Dividend Yield Analysis

USAIX Category Low Category High USAIX % Rank
Dividend Yield 0.00% 0.00% 3.81% 71.42%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

USAIX Category Low Category High USAIX % Rank
Net Income Ratio 3.22% -0.39% 11.28% 7.77%

Capital Gain Distribution Analysis

USAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

USAIX - Fund Manager Analysis

Managers

Julianne Bass

Start Date

Tenure

Tenure Rank

Jul 16, 2012

8.47

8.5%

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

7.09

7.1%

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

4.16

4.2%

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

4.16

4.2%

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.

R.Neal Graves

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.5

1.5%

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.

James Jackson

Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.5

1.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.01 6.94 1.5

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