SAN ANTONIO, March 23, 2016 (GLOBE NEWSWIRE) -- via PRWEB - USAA Investments announced today that three of its mutual funds were honored at the 2016 Lipper Fund Awards* in their respective categories for asset performance in 2015.
USAA mutual fund honorees are:
- USAA Capital Growth Fund (USCGX): Ranked best out of 121 funds for the three-year period and 85 funds for the five-year period ending 11/30/2015 in the Global Multi-Cap Core Funds category.
- USAA Science and Technology Fund (USSCX): Ranked best out of 125 funds for the five-year period ending 11/30/2015 in the Science and Technology Funds category.
- USAA Virginia Bond Fund (USVAX): Ranked best out of 32 funds for the three-year period and 31 funds for the five-year period ending 11/30/2015 in the Virginia Municipal Debt Funds category.
This is the third consecutive year Lipper has recognized the USAA Virginia Bond Fund in the three-year category, and the second consecutive year for the five-year category. The USAA Science and Technology Fund has been recognized back to back in the five-year category. Since 2005, USAA has been honored with 35 Lipper Awards.
"We're honored to receive these awards. They serve as recognition not only to the performance of our funds, but also to our team's disciplined approach to our investment philosophy," said Matt Freund, chief investment officer of USAA Mutual Funds. "Ultimately, our focus on fundamentals drives our success in meeting fund goals."
USAA Investments, which manages more than $66 billion in mutual fund assets, includes more than 50 mutual funds that are open to all investors. Seventy-three percent of USAA mutual funds beat their Lipper category average for 10-year returns for the period ending Jan. 31, 2016.
To learn more about USAA's full suite of mutual funds and investing solutions, call 1-800-531-USAA or visit usaa.com/investments.
About USAA
The USAA family of companies provides insurance, banking, investments, retirement products and advice to 11.2 million current and former 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 our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
Before investing consider the risks, investment objectives, charges and expenses of the USAA mutual funds. Contact us at 800-531-8910 for a prospectus with this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.
Past performance does not guarantee future results.
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. Renowned fund data and proprietary methodology are the foundation of determining eligible award qualification. The awards honor funds for their consistently strong risk-adjusted performance relative to their peers based on three-, five-, and 10-year time periods.
The funds only received an award for the stated time period.
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