USAA Growth and Tax Strategy is a decent option for investors looking for a tax-advantaged balanced fund. But the municipal bond team has had turnover, and that team’s yield-focused approach can drive higher volatility. The fund’s Morningstar Analyst Rating remains Neutral for all share classes.
Morningstar’s Fund Analysis USBLX
Will USBLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USBLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the USBLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of USBLX’s parent organization’s priorities and whether they’re in line with investors’ interests.