USAA High Income (USHYX - Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of its assets in high-yield securities, including bonds (often referred to as 'junk' bonds), convertible securities, or preferred stocks. The fund may invest the remainder of its assets in equity securities, defaulted securities, non-dollar-denominated foreign securities, trade claims, and certain derivatives, such as futures and options.
The USAA High Income fund, managed by USAA Group, carries an expense ratio of 0.82%. Moreover, USHYX requires a minimal initial investment of $3,000.
USHYX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 23.08%, 3 year 3.81% and 5 year 6.39%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
USHYX’s performance, as of the last filing, when compared to funds in its category was in the top 3% in 1 year, top 22% over the past 3 years, and in the 11% over the past 5 years.
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