UMAFX: USAA Managed Allocation Fund - MutualFunds.com

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USAA Managed Allocation

UMAFX - Snapshot

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $627 M
  • Holdings in Top 10 99.8%

52 WEEK LOW AND HIGH

$12.78
$9.68
$12.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 167.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare UMAFX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.98

+0.08%

$14.56 B

3.58%

$0.43

0.84%

0.22%

$11.43

-0.09%

$3.66 B

2.56%

$0.29

5.93%

0.76%

$8.07

+0.12%

$2.80 B

3.31%

$0.27

-2.54%

1.53%

$9.92

+0.41%

$2.54 B

1.30%

$0.13

2.69%

1.30%

$18.46

-0.22%

$1.48 B

1.65%

$0.31

24.06%

0.33%

UMAFX - Profile

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    USAA Managed Allocation Fund
  • Fund Family Name
    Victory Capital
  • Inception Date
    Feb 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Wasif Latif

Fund Description

The fund invests primarily in U.S. and/or foreign (to include emerging markets) equity securities and fixed-income securities through investments in shares of other investment companies, including exchange-traded funds (ETFs) and real estate securities, including real estate investment trusts (REITs). Consistent with its investment strategy, the fund may at times invest directly in U.S. and/or foreign equity securities and fixed-income securities as well as derivatives, including futures contracts and hedge funds.


UMAFX - Performance

Return Ranking - Trailing

Period UMAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -18.8% 52.0% 26.64%
1 Yr 4.8% -17.8% 67.2% 20.08%
3 Yr 2.0%* -8.0% 17.5% 50.64%
5 Yr 3.5%* -4.5% 12.9% 69.31%
10 Yr 4.0%* -3.0% 9.1% 65.18%

* Annualized

Return Ranking - Calendar

Period UMAFX Return Category Return Low Category Return High Rank in Category (%)
2019 14.5% -11.4% 26.7% 21.16%
2018 -15.0% -28.0% 1.6% 75.66%
2017 13.5% -11.6% 27.5% 16.90%
2016 -0.6% -14.9% 16.0% 88.32%
2015 -5.4% -87.3% 1.7% 42.17%

Total Return Ranking - Trailing

Period UMAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -18.8% 52.0% 26.64%
1 Yr 4.8% -18.1% 67.2% 18.03%
3 Yr 2.0%* -8.0% 17.5% 47.66%
5 Yr 3.5%* -4.5% 12.9% 66.34%
10 Yr 4.0%* -3.0% 9.1% 63.39%

* Annualized

Total Return Ranking - Calendar

Period UMAFX Return Category Return Low Category Return High Rank in Category (%)
2019 14.5% -11.4% 26.7% 21.16%
2018 -15.0% -28.0% 1.6% 86.73%
2017 13.5% -5.4% 27.6% 46.01%
2016 -0.6% -14.9% 19.7% 91.88%
2015 -5.4% -87.3% 2.5% 57.23%

NAV & Total Return History


UMAFX - Holdings

Concentration Analysis

UMAFX Category Low Category High UMAFX % Rank
Net Assets 627 M 991 K 14.6 B 17.14%
Number of Holdings 5 4 1814 97.55%
Net Assets in Top 10 646 M 333 K 8.8 B 14.69%
Weighting of Top 10 99.81% 16.8% 100.0% 6.60%

Top 10 Holdings

  1. iShares MSCI Emerging Markets ETF 25.44%
  2. iShares Core S&P 500 ETF 25.41%
  3. iShares iBoxx $ Invmt Grade Corp Bd ETF 25.07%
  4. Vanguard Short-Term Bond ETF 23.88%

Asset Allocation

Weighting Return Low Return High UMAFX % Rank
Stocks
50.50% 0.00% 116.32% 51.84%
Bonds
47.47% 0.00% 308.81% 31.84%
Convertible Bonds
1.18% 0.00% 5.73% 13.88%
Cash
0.84% -269.48% 87.83% 74.69%
Preferred Stocks
0.01% 0.00% 19.67% 33.88%
Other
0.00% -1.60% 77.76% 82.04%

Stock Sector Breakdown

Weighting Return Low Return High UMAFX % Rank
Technology
21.72% 0.00% 95.84% 33.48%
Financial Services
14.99% 0.00% 96.34% 9.44%
Consumer Cyclical
14.68% 0.00% 49.17% 11.59%
Communication Services
12.38% 0.00% 34.85% 12.45%
Healthcare
9.37% 0.00% 39.15% 84.98%
Consumer Defense
7.09% 0.00% 31.10% 54.94%
Industrials
6.41% 0.00% 19.48% 75.54%
Basic Materials
4.59% 0.00% 68.84% 32.19%
Energy
3.71% 0.00% 10.11% 15.45%
Real Estate
2.61% 0.00% 100.00% 59.66%
Utilities
2.44% 0.00% 95.94% 67.38%

Stock Geographic Breakdown

Weighting Return Low Return High UMAFX % Rank
Non US
25.31% 0.00% 63.52% 20.41%
US
25.19% -3.83% 115.24% 70.61%

Bond Sector Breakdown

Weighting Return Low Return High UMAFX % Rank
Corporate
62.68% 0.00% 100.00% 6.12%
Government
35.46% 0.00% 95.45% 34.69%
Cash & Equivalents
1.81% 0.00% 100.00% 98.78%
Municipal
0.04% 0.00% 13.44% 27.35%
Securitized
0.01% 0.00% 69.35% 52.24%
Derivative
0.00% 0.00% 61.13% 74.69%

Bond Geographic Breakdown

Weighting Return Low Return High UMAFX % Rank
US
41.31% -14.41% 205.82% 28.57%
Non US
6.16% 0.00% 167.73% 39.18%

UMAFX - Expenses

Operational Fees

UMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.22% 4.67% 88.52%
Management Fee 0.44% 0.10% 1.50% 14.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.05% 0.70% 14.29%

Sales Fees

UMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UMAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 167.00% 0.00% 474.00% 64.90%

UMAFX - Distributions

Dividend Yield Analysis

UMAFX Category Low Category High UMAFX % Rank
Dividend Yield 0.00% 0.00% 8.80% 66.53%

Dividend Distribution Analysis

UMAFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

UMAFX Category Low Category High UMAFX % Rank
Net Income Ratio 2.38% -1.71% 6.58% 9.84%

Capital Gain Distribution Analysis

UMAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

UMAFX - Fund Manager Analysis

Managers

Wasif Latif


Start Date

Tenure

Tenure Rank

Feb 01, 2010

10.75

10.8%

Wasif A. Latif, Head of Investments, VictoryShares and Solutions, has co-managed the Fund since July 2019. He is Head of Global Multi-Assets for USAA Asset Management Company and he has worked for the firm since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes. Mr. Latif holds a B.S. in finance from University of Indianapolis and a M.B.A. from University of Illinois at Chicago.

Lance Humphrey


Start Date

Tenure

Tenure Rank

Mar 09, 2016

4.65

4.7%

Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.

Mannik Dhillon


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.34

1.3%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.25 5.6 8.1