USAA New York Bond Fund (USNYX)
The fund invests primarily in long-term investment-grade securities issued by the state of New York, its political subdivisions, municipalities and public authorities, instrumentalities, and by other government entities. At least 80% of the fund's net assets will consist of New York tax-exempt securities. The fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fund Info
US9032897004
903289700
Oct 9, 1990
$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 New York 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 New York Bond Fund had a return of 2.74% year-to-date (YTD) and 8.69% in the last 12 months. Over the past 10 years, USAA New York Bond Fund had an annualized return of 2.24%, while the S&P 500 had an annualized return of 11.21%, indicating that USAA New York Bond Fund did not perform as well as the benchmark.
USNYX
2.74%
2.15%
3.83%
8.69%
1.20%
2.24%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of USNYX, 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 | -0.62% | 0.00% | 0.48% | -1.37% | 0.02% | 2.17% | 1.12% | 0.75% | 0.82% | -1.89% | 2.74% | ||
| 2023 | 3.62% | -2.59% | 2.48% | -0.28% | -0.55% | 1.32% | 0.48% | -2.39% | -4.17% | -1.86% | 9.21% | 3.20% | 8.05% |
| 2022 | -2.64% | -0.38% | -3.49% | -3.19% | 1.35% | -2.72% | 2.95% | -2.99% | -5.15% | -2.06% | 6.47% | 0.48% | -11.32% |
| 2021 | 0.90% | -1.58% | 0.90% | 1.40% | 0.64% | 0.63% | 1.11% | -0.83% | -0.84% | -0.26% | 1.12% | 0.22% | 3.41% |
| 2020 | 1.75% | 1.55% | -4.80% | -2.54% | 3.32% | 1.26% | 1.75% | -0.59% | -0.18% | -0.17% | 1.91% | 0.64% | 3.69% |
| 2019 | 0.36% | 0.54% | 1.54% | 0.44% | 1.38% | 0.34% | 0.68% | 1.76% | -0.64% | -0.06% | 0.17% | 0.18% | 6.87% |
| 2018 | -0.90% | -0.22% | 0.38% | -0.31% | 1.06% | 0.21% | 0.19% | 0.15% | -0.51% | -0.66% | 0.74% | 1.05% | 1.16% |
| 2017 | 0.27% | 0.54% | 0.30% | 0.52% | 1.30% | -0.11% | 0.43% | 0.53% | -0.29% | 0.02% | -0.14% | 0.88% | 4.35% |
| 2016 | 0.84% | 0.05% | 0.46% | 0.79% | 0.36% | 1.58% | -0.21% | 0.11% | -0.43% | -0.87% | -2.99% | 0.74% | 0.35% |
| 2015 | 1.60% | -0.76% | 0.37% | -0.52% | -0.19% | -0.29% | 0.81% | 0.28% | 0.46% | 0.39% | 0.37% | 0.82% | 3.37% |
| 2014 | 2.32% | 1.34% | 0.32% | 1.24% | 1.30% | 0.06% | -0.02% | 1.21% | 0.29% | 0.64% | 0.12% | 0.55% | 9.74% |
| 2013 | 0.52% | 0.38% | -0.43% | 1.17% | -1.30% | -4.06% | -1.37% | -1.65% | 2.53% | 0.76% | -0.19% | -0.27% | -4.00% |
Expense Ratio
USNYX features an expense ratio of 0.67%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USNYX is 50, 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 New York Bond Fund (USNYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA New York Bond Fund provided a 3.43% dividend yield over the last twelve months, with an annual payout of $0.38 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 | $0.38 | $0.38 | $0.34 | $0.33 | $0.36 | $0.38 | $0.40 | $0.41 | $0.42 | $0.43 | $0.44 | $0.45 |
Dividend yield | 3.43% | 3.42% | 3.21% | 2.69% | 2.92% | 3.17% | 3.44% | 3.41% | 3.54% | 3.54% | 3.62% | 3.84% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA New York 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 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 | $0.38 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2021 | $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 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2019 | $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 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.42 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $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 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
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 New York 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 New York Bond Fund was 18.01%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current USAA New York Bond Fund drawdown is 2.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.01% | Aug 5, 2021 | 310 | Oct 26, 2022 | — | — | — |
| -15.47% | Jan 24, 2008 | 226 | Dec 15, 2008 | 165 | Aug 12, 2009 | 391 |
| -15.22% | Oct 18, 1993 | 287 | Nov 22, 1994 | 140 | Jun 6, 1995 | 427 |
| -11.63% | Mar 10, 2020 | 10 | Mar 23, 2020 | 197 | Dec 31, 2020 | 207 |
| -9.16% | Oct 1, 2010 | 74 | Jan 14, 2011 | 135 | Jul 29, 2011 | 209 |
Volatility
Volatility Chart
The current USAA New York Bond Fund volatility is 1.99%, 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.