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3 Top USAA Mutual Funds for Stellar Gains

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USAA Investment Management Company allocates assets across a wide range of mutual fund categories, including equity and fixed-income funds. The company seeks to follow military values — Service, Loyalty, Honesty and Integrity — to offer financial services such as brokerage services and discretionary asset management.

Founded 40 years ago, the company had $81.3 billion of assets under management as of Apr 30, 2019 and is invested in more than 50 mutual funds. The company aims to offer the best options at low initial investments and reasonable entry points.

On Jul 1, 2019, Victory Capital Holdings, Inc. announced that it has completed the acquisition of USAA Asset Management Company. This comprises USAA’s Mutual Fund and ETF businesses and the investment management company’s 529 College Savings Plan.

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

USAA Growth and Tax Strategy Fund (USBLX - Free Report) aims for both income and growth of capital. The fund invests the majority of its assets in tax-exempt bonds, money-market instruments and blue-chip stocks. The fund is managed with an objective of minimizing the affect of federal income tax to investors. USBLX has returned 12.9% on a year-to-date basis.

As of July 2019, USBLX held 726 issues, with 2.05% of its assets invested in Microsoft Corp.

USAA Science & Technology Fund (USSCX - Free Report) seeks capital appreciation over a long period of time. The fund invests the majority of its assets in securities of companies that are expected to gain from advancement in science and technology. The fund may also invest about half of its assets in foreign securities. USSCXhas returned 24.5% on a year-to-date basis.

USSCXhas an expense ratio of 1.06% as compared to the category average of 1.28%.

USAA Small Cap Stock Fund (USCAX - Free Report) aims for capital growth over a long period.  The fund invests the majority of its assets in securities of small-capitalization companies. It may also invest up to 20% of its net assets in foreign securities. USCAXhas returned 14.3% on a year-to-date basis.

Shaun F. Pedersen is one of USCAX’s managers since 2004.

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

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