USAA VA Bond (USVAX) a Zacks Rank #2 (Buy) invests primarily in long-term investment grade Virginia tax-exempt securities. The fund invests its assets in securities issued by the Commonwealth of Virginia, its political subdivisions and instrumentalities, and by other governmental entities if, in the opinion of counsel to the issuer, the interest from such obligations is excluded from gross income for federal income tax purposes and is exempt from Virginia state income taxes.
The USAA VA Bond fund, managed by USAA Group, carries an expense ratio of 0.58%. Moreover, USVAX requires a minimal initial investment of $3,000.
USVAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 0.12%, 3 year 3.38% and 5 year 3.08%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
USVAX’s performance, as of the last filing, when compared to funds in its category was in the top 27% in 1 year, top 27% over the past 3 years, and in the 8% over the past 5 years.
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Zacks Investment Research
April 03, 2017 at 05:23PM
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from Zacks Equity Research
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