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USAA CA Bond (USCBX) Fund Ranking and Research

Ranking, Research and Recommendation of USAA CA Bond (USCBX) Fund

    Last Trade: $11.07 on 7/25/2017, Change: -0.01 (-0.09%)

 

Graph of USAA CA Bond Fund (USCBX) ManagerFund Manager - Dale R. Hoffmann

Fund Manager Information

Fund Manager Tenure: 1.6 years
Fund Family: USAA
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: N/A (Score: *Manager is New*)     (What does this score mean?)

 

Graph of USAA CA Bond Fund (USCBX) ProfileUSAA CA Bond Fund (USCBX) Profile

Fund Profile and Description

USAA CA Bond Fund seeks current interest income exempt from federal and California income taxes. USAA CA Bond Fund invests primarily in long-term, investment-grade California securities the interest on which is exempt from federal income tax. It invests at least 80% of net assets in California tax-exempt securities. USAA CA Bond Fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.

 

USAA CA Bond (USCBX) Fund Strength What we like about USAA CA Bond (USCBX) Fund

Data for USAA CA Bond Fund (USCBX) as of May 30, 2016

  • USAA CA Bond Fund (USCBX) has good Long-term performance (5-year return 7.36% vs 6.44% Muni California Long category median performance)
  • USAA CA Bond Fund (USCBX) ratio of up-years vs down years is greater than 2
  • USAA CA Bond Fund (USCBX) has a Morningstar rating of 4 and above
  • Asset base in USAA CA Bond Fund (USCBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • USAA CA Bond Fund (USCBX) has an annual stock turnover rate of 9.00% vs Muni California Long average of 19.12%. It is good that USAA CA Bond management does not trade extensively for its return.
  • USAA CA Bond Fund (USCBX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.33, lower than category average of 4.35
  • USAA CA Bond Fund (USCBX) has a lower expense ratio than its Muni California Long average: 0.56% vs 0.88%
  • USAA CA Bond Fund (USCBX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

USAA CA Bond Fund (USCBX) Weakness What we are cautious about USAA CA Bond (USCBX) Fund

Data for USAA CA Bond Fund (USCBX) as of May 30, 2016

  • USAA CA Bond Fund (USCBX) management has been with USAA CA Bond Fund for only 1.6 years, it is hard to judge manager's ability based on this fund's operation record
  • USAA CA Bond Fund (USCBX) has a less-than-ideal short-term performance (1-year return 5.54% vs 6.63% Muni California Long category median performance)
  • USAA CA Bond Fund (USCBX) has a less-than-ideal mid-term performance (3-year return 4.58% vs 4.68% Muni California Long category median performance)
See USAA CA Bond Fund (USCBX) performance details as of May 30, 2016

 

What do you think?

 

Compare USAA CA Bond Fund (USCBX)Compare with other top Muni California Long category mutual funds

Aadditional top Muni California Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
USAA CA Bond2.495.544.587.36
American Century CA Hi-Yld Muni Inv (BCHYX)4.258.696.057.62Compare
Franklin CA High Yield Municipal A (FCAMX)4.218.376.058.83Compare
Invesco CA Tax-Free Income Y (CLFDX)3.587.595.247.01Compare

See top fund managers for Muni California Long Category Funds

 

Compare USAA CA Bond Fund (USCBX)Compare with Muni California Long category ETFs

Some Muni California Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays CA Muni Bd ETF (CXA)3.30%7.63%5.25%

 

Graph of USAA CA Bond Fund (USCBX) Net Asset TrackingUSAA CA Bond (USCBX) Fund Net Asset

Track net asset change of USAA CA Bond fund (USCBX)

DateNet Asset
05/2016$715.69M
03/2016$705.24M
02/2016$696.05M
More historic net asset information on USAA CA Bond Fund (USCBX)

  

Graph of USAA CA Bond Fund (USCBX) Portfolio TrackingUSAA CA Bond (USCBX) Fund Portfolio Allocation

Track portfolio allocation change of USAA CA Bond fund (USCBX)

DateCashStockBondOther
12/20151.98%0%98.02%0%
09/20150.17%0%99.83%0%
06/20150.17%0%99.83%0%
Click here to see more historic asset allocation information on USAA CA Bond Fund (USCBX)

 

graph of USAA CA Bond Fund (USCBX) Top 10 Position TrackingTop 10 Holdings in USAA CA Bond (USCBX) Fund

Discover what USAA CA Bond Fund (USCBX) manager is buying

Dec 30, 2015
Golden St Tob Securitization C Enh 4.55% [2.82%]
California Statewide Cmntys De Hos 5.25% [2.62%]
Bay Area Govt Assn 4.75% [2.57%]
Victorville Calif Jt Pwrs Fing Var 0.87% [2.32%]
Golden St Tob Securitization C Tobacc 5% [2.3%]
Bay Area Toll Auth 1.27% [2.17%]
San Bernardino Cnty Calif Rede Tax Al 5% [1.87%]
California Statewide Cmntys De Rev Bd 5% [1.84%]
San Jose Calif Fing Auth 5% [1.68%]

Sep 29, 2015
Golden St Tob Securitization C Enh 4.55% [2.89%]
California Statewide Cmntys De Hos 5.25% [2.68%]
Bay Area Govt Assn 4.75% [2.61%]
Bay Area Toll Auth 1.26% [2.21%]
Golden St Tob Securitization C Tobacc 5% [2.2%]
California Statewide Cmntys De Rev Bd 5% [1.89%]
Victorville Calif Jt Pwrs Fing Var 0.86% [1.79%]
San Bernardino Cnty Calif Rede Tax Al 5% [1.69%]

Jun 29, 2015
Golden St Tob Securitization C Enh 4.55% [2.91%]
California Statewide Cmntys De Hos 5.25% [2.72%]
Bay Area Govt Assn 4.75% [2.62%]
Bay Area Toll Auth 1.27% [2.17%]
Golden St Tob Securitization C Tobacc 5% [2.1%]
California Statewide Cmntys De Rev Bd 5% [1.91%]
Sacramento Calif Mun Util Dist 5.43% [1.71%]
San Bernardino Cnty Calif Rede Tax Al 5% [1.7%]
Click here for Stock Holding Change Map in USAA CA Bond Fund (USCBX)

  

Latest News on USAA CA Bond (USCBX) Fund

See what is happening with USAA CA Bond Fund (USCBX)

 

USAA CA Bond Fund (USCBX) Related ResourcesSee more information on USAA CA Bond (USCBX) Fund

Popular pages on USAA CA Bond (USCBX) Fund

  

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