USAA Mutual Funds Earn Two Lipper Awards

SAN ANTONIO, March 24, 2017 /PRNewswire/ -- USAA Investments attended the 2017 Lipper Awards in New York City on March 23 and announced today that two of its mutual funds were honored in their respective categories for asset performance in 2016.

USAA mutual fund honorees are:

• USAA Virginia Bond Fund (USVAX): Ranked best out of 27 funds for the five-year period ending Nov. 30, 2016 in the Virginia Municipal Debt Funds category for the third consecutive year.
• USAA Capital Growth Fund (USCGX): Ranked best out of 88 funds for the five-year period ending Nov. 30, 2016 in the Global Multi-Cap Core Funds category for the second consecutive year.

"Lipper's recognition of these two USAA funds validates our approach and underscores the expertise and performance we can provide to members to help them reach their investment and financial goals," said John Spear, chief investment officer of USAA Mutual Funds.

According to Lipper, the 2017 Lipper Fund Awards recognize funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers, based on Lipper's proprietary performance-based methodology. Funds in more than 20 countries are evaluated each year for more than three decades, and only those that surpass their peers to offer consistently strong performance are honored. At USAA, seventy-eight percent of its mutual funds beat their Lipper category average for 10-year returns for the period ending Jan. 31, 2017.

USAA Investments, which manages more than $72.57 billion in mutual fund assets, includes 54 mutual funds that are open to all investors and offers opportunities for beginning to more experienced investors to strengthen their financial security.

"We know that 70 percent of our members list saving for retirement as a personal financial goal," said Robert Steen, CERTIFIED FINANCIAL PLANNER^TM and financial advice director at USAA. "We encourage our members to check their financial plans to ensure that their portfolios are well diversified and the amount of investment risk is aligned with their retirement goals and timeline."

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 11.8 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.

The funds only received an award for the stated time period.

SOURCE USAA