USAA California Bond Fund (USCBX)
The fund invests primarily in long-term investment-grade securities issued by the state of California, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and California state income tax purposes. During normal market conditions, at least 80% of the fund's net assets will consist of California tax-exempt securities. Its dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fund Info
US9032895024
903289502
Jul 31, 1989
$3,000
Expense Ratio
USCBX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in USAA California Bond 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 California Bond Fund had a return of 0.17% year-to-date (YTD) and 2.55% in the last 12 months. Over the past 10 years, USAA California Bond Fund had an annualized return of 2.22%, while the S&P 500 had an annualized return of 11.31%, indicating that USAA California Bond Fund did not perform as well as the benchmark.
USCBX
0.17%
0.86%
0.15%
2.55%
0.52%
2.22%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of USCBX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.17% | 0.17% | |||||||||||
| 2024 | -0.49% | 0.07% | 0.37% | -1.18% | -0.02% | 1.53% | 0.85% | 0.56% | 0.83% | -1.35% | 1.81% | -1.54% | 1.38% |
| 2023 | 3.02% | -2.61% | 2.34% | -0.31% | -0.78% | 1.26% | 0.46% | -1.47% | -3.48% | -1.24% | 7.57% | 2.21% | 6.68% |
| 2022 | -2.72% | -0.26% | -3.35% | -2.92% | 0.80% | -2.24% | 3.06% | -2.32% | -4.82% | -1.17% | 5.98% | 0.27% | -9.73% |
| 2021 | 0.72% | -1.88% | 0.73% | 0.98% | 0.47% | 0.46% | 1.14% | -0.49% | -0.74% | -0.41% | 1.16% | 0.20% | 2.32% |
| 2020 | 1.71% | 1.49% | -4.05% | -1.67% | 3.32% | 0.56% | 2.14% | -0.67% | 0.02% | -0.32% | 1.87% | 0.55% | 4.83% |
| 2019 | 0.43% | 0.53% | 1.53% | 0.52% | 1.33% | 0.31% | 0.68% | 1.82% | -0.49% | -0.04% | 0.20% | 0.22% | 7.25% |
| 2018 | -0.91% | -0.37% | 0.46% | -0.19% | 1.10% | 0.09% | 0.17% | 0.20% | -0.49% | -0.65% | 0.84% | 1.00% | 1.21% |
| 2017 | 0.36% | 0.75% | 0.21% | 0.55% | 1.47% | -0.06% | 0.44% | 0.72% | -0.25% | 0.18% | 0.01% | 1.10% | 5.61% |
| 2016 | 0.62% | 0.21% | 0.56% | 0.66% | 0.36% | 1.34% | -0.16% | 0.34% | -0.33% | -0.89% | -3.73% | 1.24% | 0.12% |
| 2015 | 1.29% | -0.57% | 0.40% | -0.30% | -0.12% | -0.13% | 0.60% | 0.39% | 0.67% | 0.42% | 0.40% | 0.60% | 3.70% |
| 2014 | 3.15% | 1.47% | 0.62% | 1.64% | 1.52% | 0.15% | 0.15% | 1.14% | 0.50% | 0.79% | 0.21% | 0.68% | 12.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USCBX is 31, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for USAA California Bond Fund (USCBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA California Bond Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.33 | $0.29 | $0.28 | $0.28 | $0.31 | $0.35 | $0.37 | $0.38 | $0.43 | $0.44 |
Dividend yield | 3.21% | 3.21% | 3.17% | 2.88% | 2.37% | 2.41% | 2.73% | 3.21% | 3.33% | 3.49% | 3.79% | 3.88% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA California Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.44 |
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 California Bond 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 California Bond Fund was 18.03%, occurring on Dec 15, 2008. Recovery took 183 trading sessions.
The current USAA California Bond Fund drawdown is 2.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.03% | Jan 24, 2008 | 226 | Dec 15, 2008 | 183 | Sep 8, 2009 | 409 |
| -15.7% | Aug 6, 2021 | 310 | Oct 27, 2022 | — | — | — |
| -14% | Feb 1, 1994 | 211 | Nov 22, 1994 | 121 | May 10, 1995 | 332 |
| -12.02% | Oct 13, 2010 | 67 | Jan 18, 2011 | 137 | Aug 3, 2011 | 204 |
| -11.42% | Mar 10, 2020 | 10 | Mar 23, 2020 | 95 | Aug 6, 2020 | 105 |
Volatility
Volatility Chart
The current USAA California Bond Fund volatility is 1.21%, 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.