USAA Government Securities Fund (USGNX)
The investment seeks a high level of current income consistent with preservation of principal. The fund normally invests at least 80% of its assets in government securities, U.S. Treasury bills, notes, and bonds; Treasury Inflation Protected Securities (TIPS); mortgage-backed securities (MBS) backed by the Government National Mortgage Association, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation; U.S. government agency collateralized mortgage obligations; securities issued by U.S. government agencies and instrumentalities; and repurchase agreements collateralized by such investments.
Fund Info
| ISIN | US9032875067 |
|---|---|
| CUSIP | 903287506 |
| Issuer | Victory Capital |
| Inception Date | Jan 31, 1991 |
| Category | Government Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
USGNX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: USGNX vs. VFITX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in USAA Government Securities 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 Government Securities Fund had a return of 4.40% year-to-date (YTD) and 8.96% in the last 12 months. Over the past 10 years, USAA Government Securities Fund had an annualized return of 1.60%, while the S&P 500 had an annualized return of 10.85%, indicating that USAA Government Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.40% | 17.79% |
| 1 month | 1.42% | 0.18% |
| 6 months | 5.46% | 7.53% |
| 1 year | 8.96% | 26.42% |
| 5 years (annualized) | 0.94% | 13.48% |
| 10 years (annualized) | 1.60% | 10.85% |
Monthly Returns
The table below presents the monthly returns of USGNX, 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 | 0.07% | -1.18% | 0.65% | -1.87% | 1.48% | 0.89% | 2.15% | 1.21% | 4.40% | ||||
| 2023 | 2.26% | -1.91% | 2.19% | 0.45% | -0.64% | -0.63% | -0.09% | -0.30% | -2.01% | -1.36% | 3.65% | 2.97% | 4.46% |
| 2022 | -1.09% | -0.50% | -2.27% | -1.79% | 0.58% | -0.71% | 1.49% | -2.10% | -3.02% | -0.73% | 2.29% | -0.46% | -8.12% |
| 2021 | 0.07% | -0.52% | -0.32% | 0.27% | 0.26% | -0.14% | 0.46% | -0.04% | -0.45% | -0.36% | 0.04% | -0.25% | -1.01% |
| 2020 | 1.42% | 1.49% | 0.19% | 0.89% | 0.39% | 0.29% | 0.31% | -0.11% | 0.09% | -0.20% | 0.18% | 0.26% | 5.31% |
| 2019 | 0.63% | 0.10% | 1.35% | -0.00% | 1.46% | 0.80% | 0.01% | 1.63% | -0.49% | 0.31% | -0.20% | -0.10% | 5.61% |
| 2018 | -0.97% | -0.45% | 0.50% | -0.56% | 0.61% | -0.02% | -0.14% | 0.63% | -0.56% | -0.32% | 0.75% | 1.59% | 1.05% |
| 2017 | 0.16% | 0.28% | -0.02% | 0.57% | 0.58% | -0.32% | 0.37% | 0.58% | -0.54% | -0.03% | -0.35% | 0.07% | 1.36% |
| 2016 | 1.17% | 0.57% | 0.18% | 0.18% | 0.07% | 0.97% | 0.16% | -0.13% | 0.28% | -0.44% | -1.53% | -0.22% | 1.24% |
| 2015 | 1.01% | -0.19% | 0.50% | -0.10% | 0.10% | -0.50% | 0.21% | -0.02% | 0.59% | -0.21% | -0.23% | -0.21% | 0.95% |
| 2014 | 1.25% | 0.43% | -0.37% | 0.62% | 0.73% | 0.12% | -0.38% | 0.83% | -0.18% | 0.62% | 0.50% | -0.08% | 4.16% |
| 2013 | -0.37% | 0.32% | 0.03% | 0.32% | -1.53% | -0.86% | -0.37% | -0.17% | 0.94% | 0.53% | -0.07% | -0.47% | -1.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USGNX is 36, 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 Government Securities Fund (USGNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA Government Securities Fund granted a 3.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.31 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.27 | $0.18 | $0.30 | $0.27 | $0.24 | $0.22 | $0.20 | $0.20 | $0.24 | $0.27 | $0.28 |
Dividend yield | 3.46% | 3.07% | 2.09% | 3.07% | 2.68% | 2.46% | 2.27% | 2.08% | 2.08% | 2.38% | 2.66% | 2.79% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Government Securities 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.21 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.13 | $0.30 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.27 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2013 | $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 |
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 Government Securities 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 Government Securities Fund was 11.99%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current USAA Government Securities Fund drawdown is 1.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.99% | Aug 5, 2021 | 556 | Oct 19, 2023 | — | — | — |
| -7.89% | Oct 6, 1998 | 221 | Aug 10, 1999 | 249 | Aug 1, 2000 | 470 |
| -4.95% | Feb 14, 1996 | 86 | Jun 12, 1996 | 82 | Oct 4, 1996 | 168 |
| -3.7% | May 2, 2013 | 88 | Sep 5, 2013 | 168 | May 7, 2014 | 256 |
| -3.59% | Jan 2, 1992 | 53 | Mar 16, 1992 | 41 | May 12, 1992 | 94 |
Volatility
Volatility Chart
The current USAA Government Securities Fund volatility is 0.95%, 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.