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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 has 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, Victory Capital Holdings, Inc. completed the acquisition of USAA Asset Management Company, which comprises USAA’s Mutual Fund, ETF businesses and the latter’s 529 College Savings Plan. As of Apr 30, 2019, Victory Capital had $61.0 billion in assets under management and USAA Asset Management Company had $81.3 billion in assets under management.
USAA New York Bond Fund (USNYX - Free Report) invests mainly in investment-grade securities that are issued by the New York state and related government agencies. USNYX seeks to provide interest income free from federal income tax as well as New York City and New York State personal income taxes. The fund maintains a dollar-weighted portfolio whose average maturity is 10 years or higher. USNYX has three-year annualized returns of 4.6%.
USNYX has an expense ratio of 0.65% compared to the category average of 0.81%.
USAA Managed Allocation Fund seeks to raise its total return, which mostly comprises capital growth. The fund invests the majority of its assets in equity securities and fixed-income securities through investments in shares of other investment companies. These could include ETFs and REITs. UMAFX has three-year annualized returns of 4.8%.
As of the end of December 2019, UMAFX held 5 issues, with 24.91% of its assets invested in iShares Core S&P 500 ETF.
USAA Target Managed Allocation Fund (UTMAX - Free Report) aims to increase its total return through capital growth. The fund primarily invests in U.S. and non-U.S. equity securities and fixed-income securities through investments in shares of other investment companies, which could comprise ETFs and REITs. UTMAX has three-year annualized returns of 7.6%.
Wasif A. Latif is one of UTMAX’s managers since 2015.
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3 USAA Mutual Funds to Grab Today
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 has 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, Victory Capital Holdings, Inc. completed the acquisition of USAA Asset Management Company, which comprises USAA’s Mutual Fund, ETF businesses and the latter’s 529 College Savings Plan. As of Apr 30, 2019, Victory Capital had $61.0 billion in assets under management and USAA Asset Management Company had $81.3 billion in assets under management.
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 USAA funds.
USAA New York Bond Fund (USNYX - Free Report) invests mainly in investment-grade securities that are issued by the New York state and related government agencies. USNYX seeks to provide interest income free from federal income tax as well as New York City and New York State personal income taxes. The fund maintains a dollar-weighted portfolio whose average maturity is 10 years or higher. USNYX has three-year annualized returns of 4.6%.
USNYX has an expense ratio of 0.65% compared to the category average of 0.81%.
USAA Managed Allocation Fund seeks to raise its total return, which mostly comprises capital growth. The fund invests the majority of its assets in equity securities and fixed-income securities through investments in shares of other investment companies. These could include ETFs and REITs. UMAFX has three-year annualized returns of 4.8%.
As of the end of December 2019, UMAFX held 5 issues, with 24.91% of its assets invested in iShares Core S&P 500 ETF.
USAA Target Managed Allocation Fund (UTMAX - Free Report) aims to increase its total return through capital growth. The fund primarily invests in U.S. and non-U.S. equity securities and fixed-income securities through investments in shares of other investment companies, which could comprise ETFs and REITs. UTMAX has three-year annualized returns of 7.6%.
Wasif A. Latif is one of UTMAX’s managers 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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