SAN ANTONIO--(USAA Investment Management Company, which manages more than $54.9 billion in mutual fund assets and over $14.5 billion in managed accounts as of Dec. 31, 2012, announced that two of its mutual funds earned prestigious Lipper Fund Awards* in their respective categories for investment performance during 2012.)--
“These awards serve as recognition of the fund’s performance and our team approach to investment solutions”
USAA mutual fund honorees include:
- The USAA Precious Metals and Minerals Fund (USAGX) ranked No. 1 out of 18 funds for the 10-year period in the Precious Metals Funds category for the ninth consecutive year. Portfolio Manager: Dan Denbow.
- The USAA Tax Exempt Short-Term Fund (USSTX) was the best of 26 funds and 23 funds for the three-year period and five-year periods respectively in the Short Municipal Debt Funds category. This was the second consecutive year USSTX has won for the five-year period. Portfolio Manager: Regina Shafer.
“These awards serve as recognition of the fund’s performance and our team approach to investment solutions,” said Dan McNamara, president of USAA Investment Management Company. “The team-oriented approach by our analysts and portfolio managers enables us to deliver investment solutions that help our members accomplish their own investment goals.”
USAA mutual funds are available to individual investors through usaa.com or by calling 800-531-0853 or through select third-party platforms.
Past performance is no guarantee of future results.
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.
The USAA Precious Metals and Minerals Fund is subject to additional risks, such as currency fluctuation, market liquidity, political instability and increased price volatility. It may be more volatile than a fund that diversifies across many industries and companies.
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.
*Lipper Fund Awards are provided by the Thompson Reuters organization. They are calculated for each eligible classification using historical risk-adjusted consistent performance relative to peers for the three-, five- and 10-year time periods ended December 31, 2012. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over 3, 5 or 10 years.