Now tell me...
Why would USAA own a mutual fund, but contract complete fund management, investment decision making, and control to an independent offsite company.
You'd like to think it was to get the best return for the investor.
Unfortunately that is not the case.
DO NOT expect 5 star performance from USAA funds any longer.
USAA no longer has members, they are now called customers.
The name should be changed to USAC.
USAA has changed.
Carefully examine USAA funds' performances, you may choose to avoid their fund families altogether.