Morningstar Magazine - August/September 2017 - Cover4

Income investing
the USAA way
At USAA we believe yield focused portfolios, built bond-by-bond
through bottom-up analysis, will outperform their peers over the
long run. A process that leads to well-diversified portfolios, higher
current income, low turnover and low expenses.

USAA investments are available to all advisors
and their clients.

These highly-rated, low cost income funds have beaten their index for every time period reflected.
Total Returns as of 6/30/2017
OVERALL MORNINGSTAR RATINGS

YTD

1-YEAR

3-YEAR

5-YEAR

10-YEAR

EXPENSES

3.63%

2.55%

3.08%

3.51%

5.35%

0.51%

★★★★ Out of 447 Corporate Bond Funds

4.03%

4.16%

2.97%

4.28%

5.87%

0.62%

Bloomberg Barclays US Aggregate Bond TR USD Index

2.27%

-0.31%

2.48%

2.21%

4.48%

★★★★ Out of 174 Short-Term Bond Funds

1.62%

2.02%

1.58%

1.89%

3.30%

0.61%

Bloomberg Barclays US Govt/Credit 1-5 Yr. TR USD Index

1.14%

0.11%

1.35%

1.29%

2.97%

USAA Income (USAIX)

★★★★★ Out of 858 Intermediate-Term Bond Funds
USAA Intermediate-Term Bond (USIBX)

USAA Short-Term Bond (USSBX)

Learn more about USAA investments today.
800-531-1445 | advisor.usaa.com
Consider the investment objectives, risks, charges and expenses of the USAA Mutual Funds carefully before investing. Contact us at 800-531-1445 for a
prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted.
The return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For the most recent
month-end performance, please contact us at 800-531-1445 or go to www.advisor.usaa.com.
The Morningstar Rating™ for funds, or "star rating", is calculated for funds and separate accounts with at least a three year history. Exchange-traded funds and open-ended mutual
funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed
product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category
receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a
managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. USAA
mutual funds advised by USAA Asset Management Company, a registered investment adviser; distribution services provided by USAA Investment Management Company, a
registered broker-dealer. ©2017 USAA. 243059-0717
FOR INSTITUTIONAL INVESTOR USE ONLY. This communication or any excerpt thereof may not be forwarded or made to any retail investor or prospective investor.

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Table of Contents for the Digital Edition of Morningstar Magazine - August/September 2017