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USAA Short-Term Bond Institutional UISBX

Analyst rating as of
NAV / 1-Day Return
8.73  /  0.14 %
Total Assets
2.4 Bil
Adj. Expense Ratio
0.460%
Expense Ratio
0.460%
Fee Level
Average
Longest Manager Tenure
9.00 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
2.38%
Effective Duration
1.56 years

Morningstar’s Fund Analysis UISBX

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Portfolio Manager Julianne Bass Departs Victory Capital; No Change to Ratings

Analyst Note

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Effective Nov. 1, 2022, Julianne Bass, a portfolio manager for Victory Capital’s USAA taxable fixed-income strategies, has departed the firm. Bass, who joined USAA in 1999, had been a comanager on USAA Intermediate-Term Bond UIITX and USAA Short-Term Bond UISBX since 2007 and later became a comanager on USAA Income UIINX, VictoryShares USAA Core Intermediate-Term Bond ETF UITB, and VictoryShares USAA Core Short-Term Bond ETF USTB. USAA adopts a collaborative, team-based approach to managing portfolios, and experienced comanagers John Spear (CIO), Jim Jackson (head of fixed-income portfolio management), Brian Smith, Kurt Daum, and Neal Graves remain on each of those strategies. Also effective Nov. 1, 2022, the firm named Doug Rollwitz as a comanager on VictoryShares USAA Core Short-Term Bond ETF. Rollwitz, who joined USAA in 1997, has been a comanager on the firm’s ultrashort and short-term bond mutual funds since 2018 and 2019, respectively.

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