Morningstar Magazine - December 2017/January 2018 - 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.
Total Returns as of 8/31/2017
OVERALL MORNINGSTAR RATINGS

YTD

1-YEAR

3-YEAR *

5-YEAR *

10-YEAR *

EXPENSES

5.26%

2.51%

3.36%

3.46%

5.32%

0.51%

★★★★ Out of 172 Corporate Bond Funds

5.68%

3.78%

3.21%

4.01%

5.94%

0.63%

Bloomberg Barclays US Aggregate Bond TR USD Index

3.64%

0.49%

2.64%

2.19%

4.40%

-

★★★★ Out of 463 Short-Term Bond Funds

2.26%

2.13%

1.73%

1.80%

3.26%

0.61%

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

1.85%

0.93%

1.52%

1.29%

2.85%

-

®

USAA Income (USAIX)

★★★★★ Out of 849 Intermediate-Term Bond Funds
USAA Intermediate-Term Bond (USIBX)

USAA Short-Term Bond (USSBX)

* Annualized returns. Extended performance is an estimate based on the performance of the funds' oldest share class, adjusted for fees. Data as of 8/31/17.

Learn more about USAA investments today.
800-531-1445 | advisor.usaa.com
For the most recent Overall, 3 year, 5 year and 10 year ratings, please contact us at 800-531-1445 or go to advisor.usaa.com. For each fund with at least a three-year history,
Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the
effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each
broad asset class 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.
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. 239063-0917
FOR INSTITUTIONAL INVESTOR USE ONLY. This communication or any excerpt thereof may not be forwarded or made to any retail investor or prospective investor.


http://advisor.usaa.com http://advisor.usaa.com

Table of Contents for the Digital Edition of Morningstar Magazine - December 2017/January 2018

Contents
Morningstar Magazine - December 2017/January 2018 - Cover1
Morningstar Magazine - December 2017/January 2018 - Cover2
Morningstar Magazine - December 2017/January 2018 - 1
Morningstar Magazine - December 2017/January 2018 - 2
Morningstar Magazine - December 2017/January 2018 - Contents
Morningstar Magazine - December 2017/January 2018 - 4
Morningstar Magazine - December 2017/January 2018 - 5
Morningstar Magazine - December 2017/January 2018 - 6
Morningstar Magazine - December 2017/January 2018 - 7
Morningstar Magazine - December 2017/January 2018 - 8
Morningstar Magazine - December 2017/January 2018 - 9
Morningstar Magazine - December 2017/January 2018 - 10
Morningstar Magazine - December 2017/January 2018 - 11
Morningstar Magazine - December 2017/January 2018 - 12
Morningstar Magazine - December 2017/January 2018 - 13
Morningstar Magazine - December 2017/January 2018 - 14
Morningstar Magazine - December 2017/January 2018 - 15
Morningstar Magazine - December 2017/January 2018 - 16
Morningstar Magazine - December 2017/January 2018 - 17
Morningstar Magazine - December 2017/January 2018 - 18
Morningstar Magazine - December 2017/January 2018 - 19
Morningstar Magazine - December 2017/January 2018 - 20
Morningstar Magazine - December 2017/January 2018 - 21
Morningstar Magazine - December 2017/January 2018 - 22
Morningstar Magazine - December 2017/January 2018 - 23
Morningstar Magazine - December 2017/January 2018 - 24
Morningstar Magazine - December 2017/January 2018 - 25
Morningstar Magazine - December 2017/January 2018 - 26
Morningstar Magazine - December 2017/January 2018 - 27
Morningstar Magazine - December 2017/January 2018 - 28
Morningstar Magazine - December 2017/January 2018 - 29
Morningstar Magazine - December 2017/January 2018 - 30
Morningstar Magazine - December 2017/January 2018 - 31
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Morningstar Magazine - December 2017/January 2018 - 33
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Morningstar Magazine - December 2017/January 2018 - 35
Morningstar Magazine - December 2017/January 2018 - 36
Morningstar Magazine - December 2017/January 2018 - 37
Morningstar Magazine - December 2017/January 2018 - 38
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Morningstar Magazine - December 2017/January 2018 - 42
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Morningstar Magazine - December 2017/January 2018 - 46
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Morningstar Magazine - December 2017/January 2018 - 80
Morningstar Magazine - December 2017/January 2018 - Cover3
Morningstar Magazine - December 2017/January 2018 - Cover4
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