USAA Target Managed Allocation Fund (UTMAX)

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The chart shows the growth of an initial investment of $10,000 in USAA Target Managed Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

USAA Target Managed Allocation Fund (UTMAX) has returned -4.60% so far this year and 14.56% over the past 12 months. Over the last ten years, UTMAX has returned 7.96% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 17, 2015, UTMAX's average daily return is +0.04%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +9.0%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, UTMAX closed higher 51% of trading days. The best single day was Dec 16, 2021 with a return of +26.5%, while the worst single day was Dec 17, 2021 at -22.4%.

USAA Target Managed Allocation Fund has an annualized alpha of -1.18%, beta of 0.80, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since September 18, 2015.

• This fund participated in 83.89% of S&P 500 Index downside but only 69.98% of its upside — more exposed to losses than it benefited from rallies.

UTMAX has an expense ratio of 0.69%, placing it in the medium range.

UTMAX ranks 47 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for USAA Target Managed Allocation Fund (UTMAX) and compare them to a chosen benchmark (S&P 500 Index).

USAA Target Managed Allocation Fund provided a 7.20% dividend yield over the last twelve months, with an annual payout of $0.79 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for USAA Target Managed Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the USAA Target Managed Allocation 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 Target Managed Allocation Fund was 40.49%, occurring on Oct 14, 2022. Recovery took 822 trading sessions.

The current USAA Target Managed Allocation Fund drawdown is 9.41%.

The chart below shows the rolling one-month volatility.