The table below in this article presents The Skilled Investor’s Fund Authority Score and other information for USAA S&P 500 Index mutual fund Member Shares (USSPX).
The diversified investment fund strategy of the USAA S&P 500 Index mutual fund Member Shares (USSPX)
According to its prospectus filing on the U.S. Securities and Exchange Commission EDGAR system, the investment strategy of the USAA S&P 500 Index Member Shares mutual fund targets investment results corresponding to the S&P 500 index. Investments are allocated using about the same weightings as those of the companies that comprise the Standard and Poors 500 composite index.
The Skilled Investor has published an article about lower cost S&P 500 index mutual funds that you can read, which is entitled: Low Cost S&P 500 Index Mutual Funds. That article lists the USAA S & P 500 Index mutual fund (USSPX), as being one of these lower cost S&P500 index mutual funds.
Note that only USAA members may invest in the USSPX index mutual fund. The USAA is a member owned organization and is not publicly traded. Those eligible to join the USAA are: 1) active-duty U.S. military officers and enlisted personnel, 2) US state national guard and selected reserve officers and enlisted personnel, 3) recently retired or separated military personnel, and 4) the children of USAA members. At the end of 2006, the USAA had 5.9 million members.
Fund Authority Scores for mutual funds and exchange traded funds (ETFs) help you sort diversified investment funds quickly.
Fund Authority Scores rate mutual funds and exchange traded funds (ETFs) on the most important economic factors that influence individual investors’ net long term diversified investment fund performance. The Skilled Investor developed the Fund Authority Score system to provide individual investors with concise, objective, and realistic summaries of mutual funds and ETFs for comparisons within investment asset classes.
For a directory of the Fund Authority Score reports of other mutual funds and ETFs, go here. When you go to this Fund Authority Score directory, you can easily find a list of all fund reports at the bottom of each article for that particular investment asset class. For more information about how a Fund Authority Score is developed for each mutual fund or ETF, go here.
The Fund Authority Score for the USAA S&P 500 Index Member Shares mutual fund
Using an integer scale ranging from -10 to +10, Fund Authority Scores for [...]