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USAA High Income Fund
  • Offers diversification because high-yield has characteristics of both stocks and bonds. 
  • Less sensitive to changes in interest rates than traditional bonds. 
  • Long-term returns historically fall between stocks and higher quality bonds. 
  • The fund was previously named the USAA High Yield Opportunities Fund and was renamed on January 29, 2012.
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Summary prospectus, prospectus, annual and semi-annual reports, and SAI

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What are yields?

Yields

History

History

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What are risk measures?

Risk Measures

Distribution

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Top 10 Holdings

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What are characteristics?

Characteristics

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Sector Diversification

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Quality Structure

The fund's objective is to provide an attractive total return primarily through high current income and secondarily through capital appreciation. The Fund's principal investment strategy is to primarily invest its assets in a broad range of U.S. dollar-denominated high-yield securities, including bonds (often referred to as "junk" 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. 

Management Team

John Spear
John Spear

Victory Capital Chief Investment Officer - USAA Investments, a Victory Capital Investment Franchise

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