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
US9032875067
903287506
Jan 31, 1991
$3,000
Expense Ratio
USGNX has an expense ratio of 0.53%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
USAA Government Securities Fund (USGNX) returned 2.19% year-to-date (YTD) and 6.20% over the past 12 months. Over the past 10 years, USGNX returned 1.32% annually, underperforming the S&P 500 benchmark at 10.85%.
USGNX
2.19%
-0.81%
1.67%
6.20%
1.62%
-0.04%
1.32%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.55% | 1.91% | 0.20% | 0.77% | -1.23% | 2.19% | |||||||
| 2024 | 0.07% | -1.18% | 0.64% | -1.87% | 1.48% | 0.89% | 2.15% | 1.21% | 0.97% | -2.14% | 0.99% | -1.15% | 1.96% |
| 2023 | 2.27% | -1.91% | 2.17% | 0.46% | -0.65% | -0.64% | -0.08% | -0.30% | -2.01% | -1.35% | 3.64% | 2.96% | 4.46% |
| 2022 | -1.08% | -0.50% | -2.27% | -1.79% | 0.58% | -0.71% | 1.49% | -2.10% | -3.03% | -0.72% | 2.29% | -0.46% | -8.11% |
| 2021 | 0.08% | -0.51% | -0.33% | 0.26% | 0.27% | -0.14% | 0.45% | -0.04% | -0.45% | -0.36% | 0.04% | -0.26% | -0.99% |
| 2020 | 1.42% | 1.50% | 0.20% | 0.89% | 0.39% | 0.28% | 0.29% | -0.10% | 0.09% | -0.21% | 0.19% | 0.26% | 5.31% |
| 2019 | 0.63% | 0.10% | 1.35% | 0.00% | 1.46% | 0.80% | 0.01% | 1.63% | -0.49% | 0.30% | -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% | 1.58% | 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% | 1.35% |
| 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% | 0.63% | 0.73% | 0.12% | -0.38% | 0.83% | -0.18% | 0.62% | 0.50% | -0.08% | 4.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 77, USGNX is among the top 23% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
USAA Government Securities Fund provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.32 | $0.27 | $0.18 | $0.30 | $0.27 | $0.24 | $0.22 | $0.20 | $0.20 | $0.24 | $0.27 |
Dividend yield | 3.72% | 3.67% | 3.06% | 2.10% | 3.08% | 2.68% | 2.47% | 2.27% | 2.08% | 2.08% | 2.38% | 2.66% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 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 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $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 | $0.12 | $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 |
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.
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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 11.98%, occurring on Oct 19, 2023. Recovery took 364 trading sessions.
The current USAA Government Securities Fund drawdown is 1.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.98% | Aug 5, 2021 | 556 | Oct 19, 2023 | 364 | Apr 3, 2025 | 920 |
| -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 chart below shows the rolling one-month volatility.
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