SAN ANTONIO — USAA Investments is launching six target-risk mutual funds that offer broad diversification and the ability to select conservative to aggressive models that help investors control their risk exposure. The series consists of four new funds and two existing funds called USAA Cornerstone Funds.
“These six funds utilize USAA’s best thinking and offer a diversified portfolio solution to help investors at all risk levels with their investment goals.”
The funds were designed to make it easier for investors to help build a balanced portfolio. These funds will utilize asset allocation, portfolio construction and risk reduction. Investors can choose to move investments among the individual mutual funds as their investment needs and risk tolerance change. Participation in the funds requires a low minimum investment of $500, with an automatic investment of $50 a month.
“In an era of ongoing volatility, investors told us they wanted investments that helped them manage their risk exposure,” said Dan McNamara, president of USAA Investments. “These six funds utilize USAA’s best thinking and offer a diversified portfolio solution to help investors at all risk levels with their investment goals.”
The funds include:
- USAA Cornerstone Conservative Fund (USCCX)
- USAA Cornerstone Moderately Conservative Fund (USMCX)
- USAA Cornerstone Moderate Fund (USBSX); formerly the USAA Balanced Strategy Fund
- USAA Cornerstone Moderately Aggressive Fund (USCRX); formerly the USAA Cornerstone Strategy Fund
- USAA Cornerstone Aggressive Fund (UCAGX)
- USAA Cornerstone Equity Fund (UCEQX)
USAA Investments has over $50 billion in mutual fund assets under management. USAA’s fund family includes 50 mutual funds that are open to all investors by visiting usaa.com or calling 1-800-531-USAA (8722). Many USAA funds also are available through firms such as TD Ameritrade, Vanguard, Pershing and Fidelity.
USAA provides insurance, banking, investment and retirement products and services to 9 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military – and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.
Consider the investment objectives, risks, charges and expenses of the USAA mutual funds carefully before investing. Contact us at 800-531-8910 for a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.
Investing in securities products involves risk, including possible loss of principal.
In addition to investing in foreign and emerging markets, asset allocation funds may be invested in: (1) exchange-traded funds; (2) futures, options and other derivatives; (3) non-investment grade securities; (4) precious metals and minerals companies; (5) real estate investment trusts; and (6) money market instruments. The Cornerstone Conservative Fund and Cornerstone Equity Fund will be invested in other USAA funds and will indirectly bear expenses and will reflect the risks of the underlying funds in which they invest.
Asset allocation funds may change portfolio holding allocations on a frequent basis, resulting in high portfolio turnover and more brokerage commissions from an increased amount of the purchasing and selling of securities. The Fund may have a higher proportion of capital gains and a potentially lower return than a fund that does not have a reallocation policy.
Diversification does not guarantee a profit or prevent a loss.
Investments provided by USAA Investment Management Company and USAA Financial Advisors Inc., both registered broker dealers.