USAA Launches New R6
Share Class Funds
USAA is launching the
NASDAQ-100 Index Fund, which Morningstar calls the first of its kind. Also
adding to the organization’s R6 share class offerings is the USAA Ultra
Short-Term Bond Fund. USAA says these moves represent its strategic response to
an industry shift to passive equity flows.
With its R6 share class
products, USAA is aiming to offer plan sponsors a low-cost option with greater
fee transparency to equip its members and the military community with financial
In December, USAA began
rolling out its first R6 share class products across six of its mutual funds: USAA Income Fund
(URIFX), USAA High Income Fund, USAA Income Stock Fund, USAA Short-Term Bond
Fund, USAA Intermediate-Term Bond Fund, and USAA Government Securities Fund.
USAA serves current
and former members of the U.S. military and their families, representing more
than 60 million Americans.
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