Fund
Shares |
Institutional
Shares |
Class
A |
Class
C |
R6
Shares |
|
UUSTX |
UUSIX |
USBAX |
—
|
URUSX |
|
|
Fund
Shares
|
Inst.
Shares
|
Class
A |
R6
Shares |
Maximum
Sales Charge (load)
Imposed
on Purchases (as a
percentage
of offering price) |
|
|
|
|
|
Fund
Shares |
Inst.
Shares |
Class
A |
R6
Shares |
Management
Fee
|
|
|
|
|
Distribution
and/or Service (12b-1)
Fees |
|
|
|
|
Other
Expenses
|
|
|
|
|
Total
Annual Fund Operating
Expenses |
|
|
|
|
Fee
Waiver/Reimbursement from
Adviser |
|
|
( |
( |
Total
Annual Fund Operating
Expenses
after Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Fund
Shares |
$ |
$ |
$ |
$ |
Inst.
Shares |
$ |
$ |
$ |
$ |
Class
A |
$ |
$ |
$ |
$ |
R6
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years
(or
Life
of
Class) |
10
Years
(or
Life
of
Class) |
Fund
Shares |
|
|
|
Return
Before Taxes |
|
|
|
Return
After Taxes on Distributions |
|
|
|
Return
After Taxes on Distributions and Sale of Fund
Shares |
|
|
|
Institutional
Shares |
|
|
|
Return
Before Taxes |
|
|
|
Class
A |
|
|
|
Return
Before Taxes |
|
|
|
R6
Shares |
|
|
|
Return
Before Taxes |
|
|
|
Indexes | |||
Bloomberg
U.S. Treasury Bellwethers 3 Month Index
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
Lipper
Ultra Short Obligations Funds Index (reflects no
deduction
for taxes) |
|
|
|
|
Title |
Tenure
with
the
Fund |
Douglas
J. Rollwitz,
CFA,
CPA |
Portfolio
Manager |
Since
2018 |
Brian
W. Smith,
CFA,
CPA |
Senior
Portfolio Manager |
Since
2018 |
James
F. Jackson Jr. |
Senior
Portfolio Manager |
Since
2019 |
R.
Neal Graves |
Senior
Portfolio Manager |
Since
2019 |
Investment
Minimums |
Fund
Shares |
Inst.
Shares |
Class
A |
R6
Shares |
Minimum
Initial Investment |
$3,000 |
$1,000,000 |
$2,500 |
None |
Minimum
Subsequent Investments |
$50 |
None |
$50 |
None |
Rating
Agency |
Long-Term
Debt
Securities |
Short-Term
Debt
Securities |
Moody’s
Investors Service,
Inc. |
At
least Baa3 |
At
least Prime–3 or
MIG
3/VMIG 3 |
S&P
Global Ratings |
At
least BBB – |
At
least A–3 or SP–2 |
Over/Under
Performance
Relative
to Index
(in
basis points)1
|
Annual
Adjustment Rate
(in
basis points as a percentage
of
the Fund’s average daily net assets) |
+/–
20 to 50 |
+/–
4 |
+/–
51 to 100 |
+/–
5 |
+/–
101 and greater |
+/–
6 |
|
Year
Ended December 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Net
Asset Value, Beginning of Period |
$10.13 |
$10.05 |
$9.89 |
$9.97 |
$9.98 |
Investment
Activities |
|
|
|
|
|
Net
Investment Income (Loss) |
0.09(a)
|
0.20(a)
|
0.27(a)
|
0.22 |
0.16 |
Net
Realized and Unrealized
Gains
(Losses) on Investments |
(0.01) |
0.08(b)
|
0.16 |
(0.08) |
(0.01) |
Total
from Investment Activities |
0.08 |
0.28 |
0.43 |
0.14 |
0.15 |
Distributions
to Shareholders From |
|
|
|
|
|
Net
Investment Income |
(0.09) |
(0.20) |
(0.27) |
(0.22) |
(0.16) |
Total
Distributions |
(0.09) |
(0.20) |
(0.27) |
(0.22) |
(0.16) |
Net
Asset Value, End of Period |
$10.12 |
$10.13 |
$10.05 |
$9.89 |
$9.97 |
Total
Return* |
0.80% |
2.81% |
4.37% |
1.40% |
1.51% |
Ratios
t Average Net Assets |
|
|
|
|
|
Net
Expenses†
|
0.62% |
0.60% |
0.61% |
0.60% |
0.58% |
Net
Investment Income (Loss)
|
0.89% |
2.01% |
2.69% |
2.19% |
1.60% |
Gross
Expenses |
0.62% |
0.60% |
0.61% |
0.60% |
0.58% |
Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period (000’s) |
$210,831 |
$212,503 |
$275,168 |
$283,769 |
$330,442 |
Portfolio
Turnover(c)
|
57% |
39% |
59% |
48% |
58% |
|
Year
Ended December 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Net
Asset Value, Beginning of Period |
$10.13 |
$10.05 |
$9.89 |
$9.97 |
$9.98 |
Investment
Activities: |
|
|
|
|
|
Net
Investment Income (Loss) |
0.10(a)
|
0.19(a)
|
0.27(a)
|
0.22 |
0.15 |
Net
Realized and Unrealized
Gains
(Losses) on Investments |
(0.01) |
0.09(b)
|
0.16 |
(0.08) |
(0.01) |
Total
from Investment Activities |
0.09 |
0.28 |
0.43 |
0.14 |
0.14 |
Distributions
to Shareholders From: |
|
|
|
|
|
Net
Investment Income |
(0.10) |
(0.20) |
(0.27) |
(0.22) |
(0.15) |
Total
Distributions |
(0.10) |
(0.20) |
(0.27) |
(0.22) |
(0.15) |
Net
Asset Value, End of Period |
$10.12 |
$10.13 |
$10.05 |
$9.89 |
$9.97 |
Total
Return* |
0.87% |
2.87% |
4.43% |
1.45% |
1.44% |
Ratios
to Average Net Assets |
|
|
|
|
|
Net
Expense†
|
0.55% |
0.56% |
0.55% |
0.55% |
0.64%(c)
|
Net
Investment Income (Loss) |
0.96% |
1.86% |
2.75% |
2.25% |
1.51% |
Gross
Expenses |
0.55% |
0.63% |
0.64% |
0.77% |
0.75% |
Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period (000’s) |
$79,662 |
$56,042 |
$9,842 |
$8,433 |
$7,115 |
Portfolio
Turnover(d)
|
57% |
39% |
59% |
48% |
58% |
|
|
Year
Ended
December
31, |
Period
Ended
December
31, |
|
|
2021 |
2020(a)
|
Net
Asset Value, Beginning of Period |
|
$10.13 |
$9.90 |
Investment
Activities |
|
|
|
Net
Investment Income (Loss) |
|
0.07(b)
|
0.07(b)
|
Net
Realized and Unrealized
Gains
(Losses) on Investments |
|
(0.01) |
0.23(c)
|
Total
from Investment Activities |
|
0.06 |
0.30 |
Distributions
to Shareholders From |
|
|
|
Net
Investment Income |
|
(0.07) |
(0.07) |
Total
Distributions |
|
(0.07) |
(0.07) |
Net
Asset Value, End of Period |
|
$10.12 |
$10.13 |
Total
Return*(d)
|
|
0.57% |
3.02% |
Ratios
to Average Net Assets |
|
|
|
Net
Expenses†(e)
|
|
0.85% |
0.84% |
Net
Investment Income (Loss)(e)
|
|
0.65% |
1.32% |
Gross
Expenses(e)
|
|
14.86% |
108.95% |
Supplemental
Data |
|
|
|
Net
Assets, End of Period (000’s) |
|
$59 |
$19 |
Portfolio
Turnover(d)(f)
|
|
57% |
39% |
|
|
Year
Ended December 31, |
Period
Ended
December
31, | ||
|
2021 |
2020 |
2019 |
2018 |
2017(a)
|
Net
Asset Value, Beginning of Period |
$10.13 |
$10.05 |
$9.88 |
$9.97 |
$9.98 |
Investment
Activities: |
|
|
|
|
|
Net
Investment Income (Loss) |
0.11(b)
|
0.21(b)
|
0.29(b)
|
0.24 |
0.15 |
Net
Realized and Unrealized
Gains
(Losses) on Investments |
(0.02) |
0.09(c)
|
0.17 |
(0.09) |
(0.01) |
Total
from Investment Activities |
0.09 |
0.30 |
0.46 |
0.15 |
0.14 |
Distributions
to Shareholders: |
|
|
|
|
|
Net
Investment Income |
(0.10) |
(0.22) |
(0.29) |
(0.24) |
(0.15) |
Total
Distributions to Shareholders |
(0.10) |
(0.22) |
(0.29) |
(0.24) |
(0.15) |
Net
Asset Value, End of Period |
$10.12 |
$10.13 |
$10.05 |
$9.88 |
$9.97 |
Total
Return*(d)
|
0.91% |
3.02% |
4.70% |
1.51% |
1.42% |
Ratios
to Average Net Assets |
|
|
|
|
|
Net
Expenses†
(e)
|
0.48% |
0.41% |
0.39% |
0.39% |
0.39% |
Net
Investment Income (Loss) (e)
|
1.09% |
2.15% |
2.92% |
2.41% |
1.81% |
Gross
Expenses(e)
|
0.49% |
0.51% |
0.80% |
0.69% |
1.05% |
Supplemental
Data |
|
|
|
|
|
Net
Assets, End of Period (000) |
$2,223 |
$7,648 |
$6,518 |
$4,980 |
$5,091 |
Portfolio
Turnover(d)(f)
|
57% |
39% |
59% |
48% |
58% |
By
mail:
USAA
Mutual Funds
P.O.
Box 182593
Columbus,
OH 43218-2593 |
By
telephone:
Call
USAA Mutual Funds at
(800)
235-8396 |