USAA Income Fund (USAIX)
The fund invests its assets primarily in U.S. dollar-denominated fixed-income securities that have been selected for their high yields relative to the risk involved. It will invest primarily in investment-grade securities but also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred as high-yield or "junk" bonds.
Fund Info
US9032882071
903288207
Mar 4, 1974
$3,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in USAA Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
USAA Income Fund had a return of 3.23% year-to-date (YTD) and 8.08% in the last 12 months. Over the past 10 years, USAA Income Fund had an annualized return of 1.92%, while the S&P 500 had an annualized return of 11.21%, indicating that USAA Income Fund did not perform as well as the benchmark.
USAIX
3.23%
-0.61%
3.25%
8.08%
0.07%
1.92%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of USAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.27% | -0.93% | 1.10% | -2.03% | 1.65% | 0.84% | 2.16% | 1.43% | 1.38% | -2.06% | 3.23% | ||
| 2023 | 3.63% | -2.23% | 1.63% | 0.83% | -1.16% | 0.03% | 0.40% | -0.43% | -2.56% | -1.36% | 4.61% | 3.85% | 7.14% |
| 2022 | -2.07% | -1.38% | -2.75% | -3.74% | 0.11% | -2.20% | 2.24% | -2.31% | -3.98% | -1.09% | 3.53% | -0.38% | -13.38% |
| 2021 | -0.13% | -1.22% | -0.91% | 1.00% | 0.53% | 1.05% | 1.11% | -0.16% | -0.73% | -0.09% | 0.24% | -2.27% | -1.62% |
| 2020 | 2.19% | 1.36% | -6.84% | 3.55% | 1.50% | 2.01% | 2.21% | -0.08% | -0.05% | -0.22% | 1.90% | -0.86% | 6.45% |
| 2019 | 1.61% | 0.35% | 2.09% | 0.43% | 1.53% | 1.56% | 0.29% | 2.47% | -0.46% | 0.43% | 0.04% | -0.07% | 10.70% |
| 2018 | -0.98% | -1.06% | 0.41% | -0.68% | 0.53% | -0.20% | 0.25% | 0.69% | -0.53% | -0.86% | 0.13% | 0.90% | -1.41% |
| 2017 | 0.53% | 1.03% | -0.01% | 0.86% | 1.03% | 0.14% | 0.67% | 0.89% | -0.42% | 0.34% | -0.09% | 0.36% | 5.46% |
| 2016 | 0.60% | 0.52% | 1.89% | 1.36% | 0.20% | 2.21% | 1.31% | 0.30% | 0.07% | -0.72% | -2.50% | 0.54% | 5.85% |
| 2015 | 1.85% | -0.49% | 0.28% | -0.23% | -0.18% | -1.33% | 0.39% | -0.67% | 0.28% | 0.37% | -0.42% | -0.92% | -1.11% |
| 2014 | 1.53% | 0.76% | 0.07% | 1.00% | 1.12% | 0.32% | -0.22% | 0.96% | -0.71% | 0.74% | 0.41% | -0.23% | 5.87% |
| 2013 | 0.01% | 0.73% | 0.29% | 1.24% | -1.44% | -2.18% | 0.46% | -0.62% | 0.85% | 1.08% | -0.11% | -0.47% | -0.22% |
Expense Ratio
USAIX features an expense ratio of 0.44%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USAIX is 33, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for USAA Income Fund (USAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA Income Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.39 | $0.37 | $0.40 | $0.45 | $0.43 | $0.44 | $0.45 | $0.46 | $0.49 | $0.50 |
Dividend yield | 3.68% | 3.70% | 3.48% | 2.80% | 2.91% | 3.32% | 3.46% | 3.32% | 3.52% | 3.65% | 3.73% | 3.88% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.36 | |
| 2023 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.07 | $0.42 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.06 | $0.39 |
| 2021 | $0.01 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.01 | $0.04 | $0.02 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.40 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.06 | $0.45 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.43 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.06 | $0.44 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.06 | $0.45 |
| 2015 | $0.02 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.06 | $0.46 |
| 2014 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.09 | $0.49 |
| 2013 | $0.01 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the USAA Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the USAA Income Fund was 19.74%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current USAA Income Fund drawdown is 7.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.74% | Aug 5, 2021 | 307 | Oct 21, 2022 | — | — | — |
| -12.24% | May 21, 2008 | 130 | Nov 24, 2008 | 137 | Jun 12, 2009 | 267 |
| -10.21% | Mar 9, 2020 | 12 | Mar 24, 2020 | 82 | Jul 21, 2020 | 94 |
| -9.43% | Oct 18, 1993 | 148 | May 11, 1994 | 235 | Apr 5, 1995 | 383 |
| -8.79% | Mar 27, 1987 | 147 | Oct 19, 1987 | 72 | Jan 27, 1988 | 219 |
Volatility
Volatility Chart
The current USAA Income Fund volatility is 1.31%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.