Mutual Fund Insights: USAA CA Bond Fund (USCBX)

In-depth Analysis of USAA CA Bond Fund (USCBX)

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See USAA CA Bond Fund (USCBX) performance details as of January 31, 2010

  

Last Trade: $10.01 on 3/15/2010, Change: 0.00 (0%)

  

Fund Manager - John C Bonnell

Fund Manager Tenure: 3.5 years
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)

Bonnell has 17 years of investment management experience. Prior to joining IMCO, he worked for OppenheimerFunds as a vice president and portfolio manager (May 2004 - July 2006). Bonnell holds the Chartered Financial Analyst designation.  Get more insights on John C Bonnell

  

 What we like about USAA CA Bond Fund (USCBX)

Data for USAA CA Bond Fund (USCBX) as of January 31, 2010

• USAA CA Bond Fund (USCBX) management has been with USAA CA Bond Fund for 3.5 years
• USAA CA Bond Fund (USCBX) has good short-term performance (1-year return 12.50% vs 12.39% Muni California Long category average)
• USAA CA Bond Fund (USCBX) ratio of up-years vs down years is greater than 2
• USAA CA Bond Fund (USCBX) has a lower management fee than its Muni California Long average: 0.50% vs 1.04%
• USAA CA Bond Fund (USCBX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

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

Data for USAA CA Bond Fund (USCBX) as of January 31, 2010

• USAA CA Bond Fund (USCBX) has a less-than-ideal mid-term performance (3-year return 1.63% vs 1.89% Muni California Long category average)
• USAA CA Bond Fund (USCBX) has a less-than-ideal Long-term performance (5-year return 2.48% vs 2.63% Muni California Long category average)
• USAA CA Bond Fund (USCBX) has a Morningstar rating of 3 and below
• USAA CA Bond Fund (USCBX) is less safe compared to its Muni California Long peers
• USAA CA Bond Fund (USCBX) does not have a good risk adjusted return as its 3-year Alpha of -3.89 is worse than category average of -3.27, and its 3-year Sharpe ratio is 0.01
• USAA CA Bond Fund (USCBX) is more volatile than its peers as it has a 3-year Standard Deviation of 9.36 that is higher than category average of 8.45

See USAA CA Bond Fund (USCBX) performance details as of January 31, 2010

  

  

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USAA CA Bond Fund (USCBX) Net Asset

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

Date	Net Asset
01/2010	$653.90M
11/2009	$648.03M
10/2009	$663.91M

More historic net asset information on USAA CA Bond Fund (USCBX)

  

USAA CA Bond Fund (USCBX) Portfolio Allocation

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

Date	Cash	Stock	Bond	Other
09/2009	0.01%	0%	99.99%	0%
06/2009	0%	0%	100%	0%
03/2009	0.1%	0%	99.9%	0%

Click here to see more historic asset allocation information on USAA CA Bond Fund (USCBX)

  

Most Recent Top 10 Holdings in USAA CA Bond Fund (USCBX)

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

30-Sep-09 Sacramento Cnty Calif Santn Di Re 5.625% [3.18%] California Statewide Cmntys De Hos 5.25% [2.63%] California Health Facs Fing Au Hos 5.25% [2.54%] GOLDEN ST TOB SECURITIZATION C ENHANCED [2.43%] CALIFORNIA HEALTH FACS FING AU REF REV B [2.4%] Bay Area Govt Assn 4.75% [2.38%] Oakland Calif Uni Sch Dist 5.5% [2.33%] ABAG FIN AUTH FOR NONPROFIT CO CTFS PART [2.26%] Golden St Tob Securitization C Tobacc 5% [2.17%] SANTA ANA CALIF UNI SCH DIST G.O. BDS [2.12%]

30-Jun-09 Sacramento Cnty Calif Santn Di Re 5.625% [3.53%] California Statewide Cmntys De Hos 5.25% [2.62%] Oakland Calif Uni Sch Dist 5.5% [2.59%] California Health Facs Fing Au Hos 5.25% [2.47%] Golden St Tob Securitization C Enhanced [2.43%] California Health Facs Fing Au Ref Re 5% [2.32%] Santa Ana Calif Uni Sch Dist 5.7% [2.29%] Bay Area Govt Assn 4.75% [2.28%] Vallejo Calif Santn & Flood Ct Cops 5% [2.24%] Abag Fin Auth 6.2% [2.2%]

31-Mar-09 Sacramento Cnty Calif Santn Di Re 5.625% [3.67%] Oakland Calif Uni Sch Dist 5.5% [2.7%] California Statewide Cmntys De Hos 5.25% [2.54%] Golden St Tob Securitization C Enhanced [2.53%] California Health Facs Fing Au Hos 5.25% [2.5%] Santa Ana Calif Uni Sch Dist 5.7% [2.39%] Vallejo Calif Santn & Flood Ct Cops 5% [2.36%] California Health Facs Fing Au Ref Re 5% [2.28%] Abag Fin Auth 6.2% [2.27%] CALIFORNIA ST G.O. BDS [2.26%]

Click here for Stock Holding Change Map in USAA CA Bond Fund (USCBX)

  

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See more information on USAA CA Bond Fund (USCBX)

• USAA CA Bond Fund Insights
• USAA CA Bond Fund Performance Data
• USAA CA Bond Fund News
• USAA CA Bond Fund Score Explaination
• USAA CA Bond Fund Manager Information
• Historic USAA CA Bond Fund Asset Allocation Report
• Historic USAA CA Bond Fund Top 10 Holding Tracking
• Historic USAA CA Bond Fund Asset Under Management Tracking