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3 Top-Ranked USAA Mutual Funds to Invest In

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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 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-ranked USAA mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) is expected to outperform its peers in the future. Investors can click here to see the complete list of USAA funds.

USAA Aggressive Growth USAUX seeks growth of capital. USAUX primarily invests in equity securities of domestic companies with large-size market capitalizations. USAUX focuses on acquiring securities of companies that are believed to have above-average growth prospects. USAUX may also invest a maximum of 20% of its assets in securities of foreign companies, including those from emerging markets. USAA Aggressive Growth has one-year annualized returns of 24.2%.

USAUX has an expense ratio of 0.81% as compared with the category average of 1.12%.

USAA Income USAIX seeks income growth without any undue risk. USAIX invests mainly in dollar-denominated bonds that have been chosen for their high yields with respect to the risk involved. Although the fund invests the majority of its assets in investment-grade debt securities, it may invest nearly 10% of its assets in “junk bonds” or high yield bonds. USAA Income has one-year annualized returns of 2.9%.

As of August 2017, USAIX held 948 issues, with 1.07% of its assets invested in US Treasury Note 2%.

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 has returned 2.6% in a year’s time.

Julianne Bass has been one of the mangers of UINCX since 2012.

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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