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Victory Money Market Fund (Formerly USAA Money Market Fund)
mutual fund
USAXX
Payout Change
Pending
Price as of:
$1.0
+0.0
+0.0%
primary theme
Taxable Money Market
share class
USAXX (Mutual Fund)
Victory Money Market Fund (Formerly USAA Money Market Fund)
Payout Change
Pending
Price as of:
$1.0
+0.0
+0.0%
primary theme
Taxable Money Market
share class
USAXX (Mutual Fund)
Victory Money Market Fund (Formerly USAA Money Market Fund)
Payout Change
Pending
Price as of:
$1.0
+0.0
+0.0%
primary theme
Taxable Money Market
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$1.00
$3.76 M
4.20%
$0.04
0.63%
Vitals
YTD Return
4.5%
1 yr return
4.5%
3 Yr Avg Return
3.5%
5 Yr Avg Return
2.2%
Net Assets
$3.76 M
Holdings in Top 10
32.4%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$1.00
$3.76 M
4.20%
$0.04
0.63%
USAXX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVictory Money Market Fund (Formerly USAA Money Market Fund)
-
Fund Family NameVictory Portfolios III
-
Inception DateSep 01, 2010
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCody Perkins
Fund Description
The Fund invests its assets in high-quality, U.S. dollar-denominated, short-term debt securities of domestic and foreign issuers that have been determined to present minimal credit risk and comply with strict Securities and Exchange Commission (“SEC”) guidelines applicable to money market funds.The Fund restricts its investments to instruments that meet certain maturity and quality requirements under the federal securities laws applicable to money market funds. Generally, such investments will be limited to a security with a remaining maturity of 397 calendar days or less that is determined to present minimal credit risk; issued by a money market fund; or issued or guaranteed by the U.S. government or any agency or instrumentality thereof.Under applicable federal securities laws, money market funds that qualify as “retail” (retail money market funds) or “government” (government money market funds) are permitted to utilize amortized cost to value their portfolio securities and to transact at a stable $1 NAV per share. The Fund operates as a retail money market fund in compliance with the requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended; and as a retail money market fund, shares of the Fund are available for sale only to accounts that are beneficially owned by natural persons.
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USAXX - Performance
Return Ranking - Trailing
| Period | USAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | 0.5% | 10.4% | 86.80% |
| 1 Yr | 4.5% | 0.5% | 10.4% | 88.83% |
| 3 Yr | 3.5%* | 0.7% | 5.4% | 58.18% |
| 5 Yr | 2.2%* | 0.5% | 3.3% | 52.21% |
| 10 Yr | 1.4%* | 0.4% | 32.5% | 55.07% |
* Annualized
Return Ranking - Calendar
| Period | USAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -0.1% | 5.0% | 92.64% |
| 2022 | 0.0% | 0.0% | 1.2% | 96.36% |
| 2021 | 0.0% | 0.0% | 0.0% | 96.15% |
| 2020 | 0.0% | 0.0% | 0.4% | 97.29% |
| 2019 | 0.0% | 0.0% | 2.0% | 97.17% |
Total Return Ranking - Trailing
| Period | USAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | 0.5% | 10.4% | 86.80% |
| 1 Yr | 4.5% | 0.5% | 10.4% | 88.83% |
| 3 Yr | 3.5%* | 0.7% | 5.4% | 58.18% |
| 5 Yr | 2.2%* | 0.5% | 3.3% | 52.21% |
| 10 Yr | 1.4%* | 0.4% | 32.5% | 55.07% |
* Annualized
Total Return Ranking - Calendar
| Period | USAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.3% | 0.8% | 5.9% | 22.84% |
| 2022 | 1.5% | 0.0% | 1.7% | 10.13% |
| 2021 | 0.0% | 0.0% | 1.9% | 32.97% |
| 2020 | 0.5% | 0.0% | 3.0% | 25.00% |
| 2019 | 1.1% | 0.0% | 3797.9% | 78.30% |
NAV & Total Return History
USAXX - Holdings
Concentration Analysis
| USAXX | Category Low | Category High | USAXX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.76 M | 818 K | 211 B | 99.75% |
| Number of Holdings | 77 | 1 | 346 | 30.02% |
| Net Assets in Top 10 | 597 M | 147 K | 163 B | 82.38% |
| Weighting of Top 10 | 32.40% | 22.7% | 100.0% | 97.45% |
Top 10 Holdings
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Unknown 24.72%
- Ecr Cash 8.33%
Asset Allocation
| Weighting | Return Low | Return High | USAXX % Rank | |
|---|---|---|---|---|
| Cash | 78.49% | 25.56% | 100.00% | 37.38% |
| Bonds | 21.50% | 0.00% | 74.44% | 61.14% |
| Stocks | 0.00% | 0.00% | 0.00% | 96.04% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 96.04% |
| Other | 0.00% | -1.67% | 0.04% | 94.80% |
| Convertible Bonds | 0.00% | 0.00% | 21.22% | 96.53% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | USAXX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 78.49% | 0.00% | 100.00% | 35.89% |
| Municipal | 12.05% | 0.00% | 22.71% | 1.73% |
| Corporate | 6.20% | 0.00% | 100.00% | 6.68% |
| Government | 3.26% | 0.00% | 44.01% | 87.62% |
| Derivative | 0.00% | 0.00% | 0.00% | 96.04% |
| Securitized | 0.00% | 0.00% | 1.75% | 96.29% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | USAXX % Rank | |
|---|---|---|---|---|
| US | 20.42% | 0.00% | 72.86% | 65.35% |
| Non US | 1.08% | 0.00% | 3.41% | 1.49% |
USAXX - Expenses
Operational Fees
| USAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.07% | 2.23% | 21.04% |
| Management Fee | 0.24% | 0.03% | 0.50% | 83.17% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.55% | 65.28% |
Sales Fees
| USAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| USAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
| USAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 485.00% | N/A |
USAXX - Distributions
Dividend Yield Analysis
| USAXX | Category Low | Category High | USAXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.20% | 0.00% | 5.42% | 82.18% |
Dividend Distribution Analysis
| USAXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| USAXX | Category Low | Category High | USAXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | -1.09% | 1.67% | 77.72% |
Capital Gain Distribution Analysis
| USAXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.004 | OrdinaryDividend |
| Oct 31, 2024 | $0.004 | OrdinaryDividend |
| Sep 30, 2024 | $0.004 | OrdinaryDividend |
| Aug 30, 2024 | $0.004 | OrdinaryDividend |
| Jul 31, 2024 | $0.004 | OrdinaryDividend |
| Apr 30, 2024 | $0.004 | OrdinaryDividend |
| Mar 28, 2024 | $0.004 | OrdinaryDividend |
| Feb 29, 2024 | $0.004 | OrdinaryDividend |
| Dec 29, 2023 | $0.004 | OrdinaryDividend |
| Nov 30, 2023 | $0.004 | OrdinaryDividend |
| Oct 31, 2023 | $0.004 | OrdinaryDividend |
| Sep 29, 2023 | $0.004 | OrdinaryDividend |
| Aug 31, 2023 | $0.004 | OrdinaryDividend |
| Jul 31, 2023 | $0.004 | OrdinaryDividend |
| Jun 30, 2023 | $0.004 | OrdinaryDividend |
| May 31, 2023 | $0.004 | OrdinaryDividend |
| Apr 28, 2023 | $0.004 | OrdinaryDividend |
| Mar 31, 2023 | $0.004 | OrdinaryDividend |
| Feb 28, 2023 | $0.003 | OrdinaryDividend |
| Jan 31, 2023 | $0.004 | OrdinaryDividend |
| Dec 30, 2022 | $0.004 | OrdinaryDividend |
| Nov 30, 2022 | $0.003 | OrdinaryDividend |
| Oct 31, 2022 | $0.002 | OrdinaryDividend |
| Sep 30, 2022 | $0.002 | OrdinaryDividend |
| Aug 31, 2022 | $0.002 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jun 30, 2022 | $0.001 | OrdinaryDividend |
| May 31, 2022 | $0.000 | OrdinaryDividend |
| Apr 29, 2022 | $0.000 | OrdinaryDividend |
| Mar 31, 2022 | $0.000 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | OrdinaryDividend |
| Dec 31, 2021 | $0.000 | OrdinaryDividend |
| Nov 30, 2021 | $0.000 | OrdinaryDividend |
| Oct 29, 2021 | $0.000 | OrdinaryDividend |
| Sep 30, 2021 | $0.000 | OrdinaryDividend |
| Aug 31, 2021 | $0.000 | OrdinaryDividend |
| Jul 30, 2021 | $0.000 | OrdinaryDividend |
| Jun 30, 2021 | $0.000 | OrdinaryDividend |
| May 28, 2021 | $0.000 | OrdinaryDividend |
| Apr 30, 2021 | $0.000 | OrdinaryDividend |
| Mar 31, 2021 | $0.000 | OrdinaryDividend |
| Feb 26, 2021 | $0.000 | OrdinaryDividend |
| Jan 29, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | CapitalGainShortTerm |
| Nov 30, 2020 | $0.000 | OrdinaryDividend |
| Oct 30, 2020 | $0.000 | OrdinaryDividend |
| Sep 30, 2020 | $0.000 | OrdinaryDividend |
| Aug 31, 2020 | $0.000 | OrdinaryDividend |
| Jul 31, 2020 | $0.000 | OrdinaryDividend |
| Jun 30, 2020 | $0.000 | OrdinaryDividend |
| May 29, 2020 | $0.000 | OrdinaryDividend |
| Apr 30, 2020 | $0.001 | OrdinaryDividend |
| Mar 31, 2020 | $0.001 | OrdinaryDividend |
| Feb 28, 2020 | $0.001 | OrdinaryDividend |
| Jan 31, 2020 | $0.001 | OrdinaryDividend |
| Dec 31, 2019 | $0.001 | OrdinaryDividend |
| Dec 08, 2016 | $0.000 | CapitalGainLongTerm |
| Dec 09, 2015 | $0.000 | CapitalGainLongTerm |
| Dec 08, 2014 | $0.000 | CapitalGainShortTerm |
| Dec 08, 2014 | $0.000 | CapitalGainLongTerm |
| Dec 06, 2013 | $0.000 | CapitalGainShortTerm |
| Dec 07, 2012 | $0.000 | CapitalGainShortTerm |
USAXX - Fund Manager Analysis
Managers
Cody Perkins
Start Date
Tenure
Tenure Rank
Dec 01, 2018
3.5
3.5%
Cody Perkins , CFA, Victory Capital Senior Portfolio Manager – USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since October 2018. Mr. Perkins has 24 years of investment management experience, 18 years of which were with AMCO, which was acquired by the Adviser’s parent company in 2019. He holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.
Andrew Hattman
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
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 | 46.68 | 15.23 | 19.01 |
