Quantcast

Add These 3 USAA Mutual Funds to Your Portfolio


Shutterstock photo

Founded 40 years ago, USAA Investment Management Company as of Jun 30, 2018 had $72.1 billion of assets under management invested in more than 50 mutual funds. All the mutual funds under the fund family bear no sales load.

USAA 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 capitalization. The fund focuses on acquiring securities of companies that are believed to have above-average growth prospects. It may also invest a maximum of 20% of its assets in securities of foreign companies, including those from emerging markets. USAA Aggressive Growth has three-year annualized returns of 11.6%.

USAUX has an expense ratio of 0.75% as compared with the category average of 1.08%.

USAA Intermediate-Term Bond  USIBX invests the bulk of its assets in a wide variety of debt securities with maturity between three and 10 years. USIBX invests mainly in dollar-denominated investment grade bonds, but may invest around one-tenth of its assets in high-yield debt securities. The fund seeks a high level of income without unnecessary risks to principal. USIBX has three-year annualized returns of 0.3%.

Julianne Bass is one of the fund managers of USIBX since 2007.

USAA Tax Exempt Intermediate-Term  USATX seeks to offer interest income free from federal income tax. The fund invests a large chunk of its assets in tax-free investment-grade securities. USATX maintains a dollar-weighted portfolio, with average maturity ranging from three to 10 years. USAA Tax Exempt Intermediate-Term has three-year annualized returns of 1.8%.

As of September 2018, USATX held 1,028 issues with 0.89% of its assets invested in HARRIS CNTY TEX INDL DEV CORP 5%.

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 .

Want key mutual fund info delivered straight to your inbox?

Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week.  Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Get Your Free (USIBX): Fund Analysis Report

Get Your Free (USAUX): Fund Analysis Report

Get Your Free (USATX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Mutual Funds
Referenced Symbols: USIBX , USAUX , USATX



More from Zacks.com

Subscribe






Zacks.com
Contributor:

Zacks.com

Equity Research










Research Brokers before you trade

Want to trade FX?