USAA High Income Fund (USHYX)
The investment seeks to provide an attractive total return primarily through high current income and secondarily through capital appreciation. The fund primarily invests its assets in a broad range of U.S. dollar-denominated high-yield securities, including bonds, convertible securities, leveraged loans, or preferred stocks, with an emphasis on non-investment-grade debt securities. Although the fund will invest primarily in U.S. securities, it may invest without limit in dollar-denominated foreign securities and to a limited extent in non-dollar-denominated foreign securities, including in each case emerging-markets securities.
Fund Info
US9032888433
903288843
Aug 2, 1999
$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 High 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 High Income Fund had a return of 6.20% year-to-date (YTD) and 11.12% in the last 12 months. Over the past 10 years, USAA High Income Fund had an annualized return of 3.72%, while the S&P 500 had an annualized return of 11.21%, indicating that USAA High Income Fund did not perform as well as the benchmark.
USHYX
6.20%
0.15%
5.42%
11.12%
3.83%
3.72%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of USHYX, 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 | 0.34% | -0.14% | 0.61% | -0.66% | 0.42% | 0.91% | 1.81% | 1.33% | 1.85% | -0.40% | 6.20% | ||
| 2023 | 3.92% | -1.17% | 0.45% | 0.88% | -0.91% | 1.76% | 1.51% | 0.57% | -1.03% | -1.39% | 4.41% | 3.55% | 13.04% |
| 2022 | -2.66% | -1.29% | -0.80% | -3.53% | 0.20% | -6.65% | 5.64% | -2.34% | -4.17% | 2.96% | 2.42% | -0.69% | -10.96% |
| 2021 | 0.56% | 0.37% | 0.32% | 1.22% | 0.26% | 1.29% | 0.40% | 0.34% | -0.07% | -0.14% | -1.10% | 2.05% | 5.62% |
| 2020 | 0.30% | -1.97% | -14.89% | 4.07% | 4.84% | 1.23% | 4.90% | 1.17% | -1.28% | 0.36% | 4.61% | 2.06% | 3.77% |
| 2019 | 4.59% | 1.52% | 1.00% | 1.50% | -1.65% | 2.42% | 0.29% | -0.21% | 0.25% | 0.13% | 0.33% | 2.38% | 13.14% |
| 2018 | 0.84% | -0.84% | -0.60% | 0.49% | 0.00% | 0.34% | 0.98% | 0.51% | 0.42% | -1.84% | -1.05% | -2.75% | -3.51% |
| 2017 | 1.43% | 1.58% | -0.19% | 0.57% | 1.06% | -0.09% | 1.15% | -0.25% | 0.74% | 0.35% | -0.23% | 0.85% | 7.18% |
| 2016 | -2.12% | 0.85% | 4.02% | 3.94% | 0.85% | 1.59% | 2.70% | 2.30% | 0.89% | 0.36% | -0.50% | 1.91% | 17.97% |
| 2015 | 0.25% | 1.64% | -0.60% | 1.08% | 0.06% | -1.58% | -1.06% | -2.13% | -2.23% | 1.80% | -2.45% | -3.50% | -8.54% |
| 2014 | 1.12% | 1.73% | 0.60% | 0.85% | 1.09% | 1.04% | -0.72% | 0.98% | -1.44% | 0.48% | -0.40% | -2.51% | 2.75% |
| 2013 | 1.93% | 0.85% | 1.26% | 1.71% | 0.04% | -2.55% | 1.69% | -0.74% | 0.83% | 2.15% | 0.46% | -1.19% | 6.51% |
Expense Ratio
USHYX features an expense ratio of 0.76%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of USHYX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for USAA High Income Fund (USHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA High Income Fund provided a 7.10% dividend yield over the last twelve months, with an annual payout of $0.49 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 | $0.49 | $0.50 | $0.39 | $0.38 | $0.41 | $0.46 | $0.47 | $0.47 | $0.48 | $0.47 | $0.49 | $0.53 |
Dividend yield | 7.10% | 7.14% | 5.88% | 4.83% | 5.25% | 5.79% | 6.32% | 5.73% | 5.94% | 6.46% | 5.76% | 6.05% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA High 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 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.00 | $0.44 | |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.50 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.39 |
| 2021 | $0.02 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.38 |
| 2020 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.02 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2019 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.46 |
| 2018 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2017 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2016 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.48 |
| 2015 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2013 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.53 |
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 High 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 High Income Fund was 33.65%, occurring on Dec 16, 2008. Recovery took 193 trading sessions.
The current USAA High Income Fund drawdown is 0.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.65% | Jun 5, 2007 | 387 | Dec 16, 2008 | 193 | Sep 23, 2009 | 580 |
| -24.54% | Feb 21, 2020 | 22 | Mar 23, 2020 | 176 | Dec 1, 2020 | 198 |
| -16.58% | Sep 4, 2014 | 363 | Feb 11, 2016 | 125 | Aug 10, 2016 | 488 |
| -15.1% | Jan 3, 2022 | 187 | Sep 29, 2022 | 307 | Dec 19, 2023 | 494 |
| -13.17% | Jan 15, 2002 | 189 | Oct 15, 2002 | 117 | Apr 3, 2003 | 306 |
Volatility
Volatility Chart
The current USAA High Income Fund volatility is 0.78%, 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.