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Mutual Fund Commentary

Founded 40 years ago, USAA Investment Management Company currently has $64.6 billion of assets under management invested in more than 50 mutual funds. The company also manages $60.8 billion of assets for USAA and its subsidiaries. It allocates its assets across a wide range of mutual fund categories including both equity and fixed-income funds. The company seeks to follow military values — Service, Loyalty, Honesty and Integrity – to offer financial services including brokerage services and discretionary asset management.

Below we share with you three top-rated USAA mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect these funds to outperform its peers in the future. Investors can click here to see the complete list of USAA funds.

USAA Income Adviser (UINCX - Free Report) seeks growth of income. UINCX invests the majority of its assets in dollar-denominated debt securities, including government and corporate bonds and asset-backed and mortgage-backed bonds with high yields. The fund may also invest around one-tenth of its assets in high-yield or junk bonds. USAA Income Adviser returned 1.7% in the last three months.

As of January 2017, UINCX held 890 issues with 1.15% of its assets invested in US Treasury Note 2%.

USAA Intermediate-Term Bond Adviser (UITBX - Free Report) invests the bulk of its assets in a wide variety of dollar-denominated debt securities, which have maturities of three to 10 years. UITBX seeks appreciation of income. The fund normally invests in investment-grade bonds, but may also, not more than 10% of its assets in high-yield bonds. USAA Intermediate-Term Bond Adviserreturned 2% in the last three months.

UITBX has an expense ratio of 0.86% compared with the category average of 0.87%.

USAA Tax Exempt Short-Term (USSTX - Free Report) seeks to offer interest income that is exempt from federal income tax. USSTX invests primarily in investment-grade tax-exempted securities, which have maturities not exceeding three years. USAA Tax Exempt Short-Termreturned 0.4% in the last three months.

Dale Hoffmann has been one of the fund managers of USSTX since 2015.

To view the Zacks Rank and past performance of all USAA mutual funds, investors can click here to see the complete list of USAA funds.

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USAA T/E Short Term Bond Fund (USSTX) - free report >>

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