Mutual funds is one of the better ways to diversify your investments without having to research and manage specific stocks. With a multitude of mutual funds to choose from with USAA, you’ll be able to join other investors seeking a range of stocks, bonds and other securities reflecting the risk level that you’re most comfortable at.
You will have the ability to mix and match different funds or even choose a single-fund solution to serve as your portfolio foundation, all for a low initial investment of $50 and automatic investments of at least $50 a month or $500 in initial investment with no required automatic investments.
Best Mutual Funds from USAA:
- Best in Science and Technology Funds
- The fund normally invest at least 80% of the Fund’s assets in stocks of companies that concentrate on scientific or technological products or services. The fund may also invest up to 50% of its assets in foreign securities.
- AGGRESIVE RISK Profile. The fund’s 10-year annualized return is 9.68%, comparative to it’s benchmark index of 6.80%.
- Best in World Growth Fund (USAWX)
- This fund invests in equities of foreign and domestic companies and may also invest in companies in emerging markets. Fund’s risk profile is moderate, in concerns to economic risk of the countries invested in. Fund generally invests in large capitalization stocks, less volatile than small capitalization stocks. The fund’s 10-year annualized return is 7.26% comparative to it’s benchmark index of 4.73%.
- S&P 500 Index Fund (USPPX)
- This is a classic index fund that invests in common stocks of the 500 largest U.S. companies and matches the returns of its benchmark index. You should expect the risk profile to be moderately aggressive on the premise that stocks are more volatile than bonds or cash securities. Considering that the funds owns only large capitalization domestic stocks, there’s less volatility involved. The fund’s 10-year annualized return is 6.56% compared omparative to it’s benchmark index of 6.80%.
USAA Mutual Funds Information:
- Apply Now
- Account Type: Mutual Funds Account
- Availability: Nationwide (Eligibility applies)
- Expiration Date: None
- Hard Inquiry: No, Soft pull only.
- Additional Requirements: low initial investment of $50 and automatic investments of at least $50 a month or $500 in initial investment with no required automatic investments
- Closing Account Fee: None
USAA Mutual Funds Account Features:
- First Start Growth Fund – This fund may be suitable for young or new investors.
- Target Risk Funds – Target risk funds seek to offer a stable level of risk to investors. If you choose a fund with moderate risk, for example, it will remain at that level for as long as you own it.
- Target Retirement Funds – If you’re looking for simplified solution for your retirement savings. These funds automatically adjust their risk level as your target retirement date gets closer.
- Money Market Funds – Designed for short-term investors and those who want a relatively stable investment.
- Taxable Bond Funds – Designed for investors looking for balance against the stock portion of their investments.
- Stock Funds – Designed for those who want the growth potential of stocks and have long-term savings goals.
- Tax Exempt Funds – Designed for investors in higher tax brackets who can benefit from tax–exempt features.
- Index Funds – Designed for investors with long-term goals and who want to invest in a particular index.
- Sector Funds – Designed for those with a specific investment need or want to invest in a specific area of the market.
- Asset Allocation – Designed to offer diversification by spreading assets among major categories such as stocks, bonds and cash.
Conclusion:
USAA offers a multitude of mutual funds all suitable towards your investment needs. Whether you’re a beginner investor or a hardened veteran in the investing games, you’ll be able to get the returns you want on top of satisfying volatility based on what your investment needs are. If you’re a beginner investor in the mutual funds game, I recommend not choosing a overly-aggressive fund just yet, just for a little reassurance. 3 of the best funds from USAA is the Science and Technology Fund, World Growth Fund, and the S&P 500 Index Fund. Don’t forget to check out our full list of brokerage bonuses!
 With the American Express® High Yield Savings Account: • Earn 1.90% APY as of 9/15/22 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
