UGMVX : USAA Global Managed Volatility Fund Fund Shares

Fund Summary

The investment seeks to attain long-term capital appreciation while attempting to reduce volatility during unfavorable market conditions. The fund's principal strategy is to combine a portfolio of domestic and foreign equity securities, including emerging markets securities, with the use of alternative investment strategies to provide growth with lower volatility. It primarily invests in stocks and exchange-traded funds (“ETFs”) that invest primarily in stocks and may at times be fully invested in ETFs. The fund may purchase shares of affiliated ETFs.