USIBX: USAA Intermediate-Term Bond

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

USIBX USAA Intermediate-Term Bond


Profile

USIBX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $3.88 B
  • Holdings in Top 10 12.9%

52 WEEK LOW AND HIGH

$10.92
$10.28
$11.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.71%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    USAA Intermediate-Term Bond Fund
  • Fund Family Name
    USAA
  • Inception Date
    Aug 02, 1999
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julianne Bass

Fund Description

The USAA Intermediate-Term Bond Fund (USIBX) is an actively managed portfolio designed to provide high current income within its investment framework. The fund invests in intermediate-term bonds with maturities of three to 10 years. These include corporate bonds and U.S. Treasuries. USIBX aims to outperform its benchmark on return and yield through fundamental credit research and selection.

Given its mandate to focus on the bond market, USIBX makes a prime core choice for any fixed-income portfolio. The fund is internally managed by USAA Investment Management.


Get Updates About USIBX

Sign up for Advisor Access to receive email updates about USIBX competitors, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

USIBX - Fund Company Quick Screens


Performance

USIBX - Performance

Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.4% 7.5% 22.32%
1 Yr 6.5% -1.0% 79.9% 35.83%
3 Yr 1.4%* -4.9% 21.6% 55.16%
5 Yr 0.0%* -5.8% 12.5% 67.33%
10 Yr 1.1%* -8.5% 8.1% 41.06%

* Annualized

Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 83.9% 23.49%
2018 -4.5% -12.4% 0.8% 86.61%
2017 2.3% -6.0% 17.1% 16.14%
2016 2.7% -58.1% 8.6% 6.23%
2015 -6.3% -18.3% 3.0% 97.72%

Total Return Ranking - Trailing

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.4% 7.5% 22.32%
1 Yr 6.5% -1.0% 79.9% 34.08%
3 Yr 1.4%* -4.9% 21.6% 60.94%
5 Yr 0.0%* -5.8% 12.5% 73.88%
10 Yr 1.1%* -8.5% 8.1% 51.82%

* Annualized

Total Return Ranking - Calendar

Period USIBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -1.7% 83.9% 24.39%
2018 -4.5% -11.7% 6.5% 89.23%
2017 2.3% -6.0% 27.0% 27.22%
2016 2.7% -58.1% 10.7% 12.86%
2015 -6.3% -14.6% 4.2% 98.54%

NAV & Total Return History


Holdings

USIBX - Holdings

Concentration Analysis

USIBX Category Low Category High USIBX % Rank
Net Assets 3.88 B 688 K 249 B 18.60%
Number of Holdings 652 1 17590 24.61%
Net Assets in Top 10 507 M -216 M 23.5 B 20.91%
Weighting of Top 10 12.85% 2.3% 144.8% 77.60%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 2.72%
  2. United States Treasury Bonds 3.38% 1.84%
  3. United States Treasury Notes 2.38% 1.47%
  4. United States Treasury Bonds 2.5% 1.30%
  5. Federal Home Loan Mortgage Corporation 2.6% 1.29%
  6. Federal National Mortgage Association 4% 1.19%
  7. Federal National Mortgage Association 3.5% 0.89%
  8. United States Treasury Notes 3.12% 0.84%
  9. US Treasury Bond Future Mar20 0.71%
  10. United States Treasury Bonds 3.5% 0.61%

Asset Allocation

Weighting Return Low Return High USIBX % Rank
Bonds
92.53% 80.34% 160.64% 86.49%
Cash
4.18% -60.64% 19.31% 28.41%
Convertible Bonds
1.83% 0.00% 6.13% 8.85%
Preferred Stocks
1.42% 0.00% 7.32% 1.17%
Stocks
0.03% -17.64% 26.05% 5.65%
Other
0.00% -8.60% 31.28% 46.30%

Bond Sector Breakdown

Weighting Return Low Return High USIBX % Rank
Corporate
49.38% 0.00% 99.29% 10.60%
Securitized
29.19% 0.00% 97.31% 28.24%
Government
12.74% 0.00% 100.00% 41.96%
Municipal
4.51% 0.00% 100.00% 46.55%
Cash & Equivalents
4.18% -26.49% 20.89% 31.65%
Derivative
0.00% 0.00% 22.94% 47.94%

Bond Geographic Breakdown

Weighting Return Low Return High USIBX % Rank
US
78.78% 61.83% 160.64% 91.32%
Non US
13.75% -27.08% 26.76% 11.27%

Expenses

USIBX - Expenses

Operational Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 209.96% 63.98%
Management Fee 0.30% 0.00% 1.25% 24.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 75.73%

Sales Fees

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

USIBX 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.

USIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 2053.00% 41.18%

Distributions

USIBX - Distributions

Dividend Yield Analysis

USIBX Category Low Category High USIBX % Rank
Dividend Yield 0.88% 0.00% 5.21% 22.98%

Dividend Distribution Analysis

USIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

USIBX Category Low Category High USIBX % Rank
Net Income Ratio 3.71% 0.00% 6.30% 5.75%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

USIBX - Fund Manager Analysis

Managers

Julianne Bass


Start Date

Tenure

Tenure Rank

Jan 04, 2007

13.0

13.0%

Julianne Bass, CFA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since 2007. Ms. Bass has 32 years of investment management experience including 20 years with AMCO, which was acquired by the Adviser’s parent company in 2019. Education: B.B.A., University of Texas at Austin; M.B.A., University of Houston. She holds the Chartered Financial Analyst (“CFA”) designation and is a member of the CFA Institute and the CFA Society of San Antonio.

Brian Smith


Start Date

Tenure

Tenure Rank

Dec 01, 2013

6.08

6.1%

Brian W. Smith, CFA, CPA, Executive Director Mutual Funds Portfolios. Mr. Smith has started to engage in investment management and worked for USAA since 1999 and 1985, respectively. Education: B.B.A., University of Texas at San Antonio, M.B.A., University of Texas at San Antonio. He is a member of the CFA Institute and the CFA Society of San Antonio.

John Spear


Start Date

Tenure

Tenure Rank

Nov 04, 2016

3.16

3.2%

CFA, Senior Vice President, Chief Investment Officer of USAA Investments, has co-managed the Fund since November 2016. Mr. Spear has managed the USAA Life Insurance Portfolio since November 1999 and has supervised the USAA fixed-income portfolio management team since May 2012.Education: B.B.A., Western Illinois University. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

Kurt Daum


Start Date

Tenure

Tenure Rank

Nov 04, 2016

3.16

3.2%

Kurt Daum, J.D., Executive Director of Mutual Funds Portfolios, focusing on all areas of fixed-income research, has co-managed the Fund since November 2016. Prior to joining USAA, he was a Director at Highland Capital Management focused on fixed-income and private equity investing from January 2009 until November 2013. Education: B.B.A., University of Texas at Austin; J.D., University of Texas School of Law.

James Jackson


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.5

0.5%

James F. Jackson, Jr., CFA, Victory Capital Senior Portfolio Manager and Head of Fixed Income Portfolio Management–USAA Investments, A Victory Capital Investment Franchise. Mr. Jackson has investment management experience since 2000, including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan and a B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

R.Neal Graves


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.5

0.5%

R. Neal Graves, CFA, CPA, Victory Capital Senior Portfolio Manager–USAA Investments, A Victory Capital Investment Franchise, has co-managed the Fund since July 2019. Education: Master in Professional Accounting, University of Texas at Austin and a B.B.A., University of Texas at Austin. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.1 7.64 0.67