USAGX - USAA Precious Metals and Minerals Fund

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USAA Precious Metals and Minerals Fund

Usaa Mutual Funds Trust

9800 Fredericksburg Road

San Antonio, TX78288

Management Information
Wasif A. Latif,Lead Manager since June 30, 2019
Wasif A. Latif is Head of Global Multi-Assets for USAA Asset Management Company and he has worked for the firm since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes. Mr. Latif holds a B.S. in finance from University of Indianapolis and a M.B.A. from University of Illinois at Chicago.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryEquity Precious Metals
Fund FamilyUSAA
Net Assets666.61M
YTD Return41.42%
Morningstar Rating★★★
Inception DateAug 14, 1984

Fund Operations

Last Dividend0.35
Last Cap Gain0.00
Holdings Turnover7.00%
Average for CategoryN/A

Fees & Expenses

ExpenseUSAGXCategory Average
Annual Report Expense Ratio (net)1.27%1.39%
Prospectus Net Expense Ratio1.27%N/A
Prospectus Gross Expense Ratio1.27%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A5.19%
Max Deferred Sales LoadN/A1.00%
3 Yr Expense Projection403N/A
5 Yr Expense Projection697N/A
10 Yr Expense Projection1,534N/A