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USAA Expands Mutual Fund Access Through E*TRADE®

SAN ANTONIO--Investors large and small now have expanded access to 18 mutual funds from USAA, thanks to an agreement that enables the funds to be accessed through the easy-to-use online E*TRADE Securities investment platform.

“Investors want easier access to our mutual funds, and our strategy is to give them that access through any channel”

Included in the group of 18 funds from USAA Investment Management Company – which manages more than $43 billion in mutual fund assets and $6 billion in managed accounts as of June 30, 2010 – are 12 of USAA’s proven fixed-income funds, all of which beat their average for the 10-year period ended June 30, 2010, according to data from independent fund tracker Lipper Analytical Inc.*

Also included is the USAA Precious Metals and Minerals Fund (USAGX), the No. 1 performing mutual fund over the 10-year period ended June 30, 2010, according to Lipper.**

“Investors want easier access to our mutual funds, and our strategy is to give them that access through any channel,�?? said Dan McNamara, president of USAA Investment Management Company. “We’re excited about joining the E*TRADE network and look forward to expanding through additional platforms in the near future.�??

The USAA funds now available through the Adviser Share class on E*TRADE include:

  • USAA Precious Metals and Minerals Fund (USAGX)
  • USAA Intermediate-Term Bond Fund (USIBX)
  • USAA Science & Technology Fund (USSCX)
  • USAA Short-Term Bond Fund (USSBX)
  • USAA Growth & Income Fund (USGRX)
  • USAA Income Fund (USAIX)
  • USAA Tax Exempt Intermediate-Term Bond Fund (USATX)
  • USAA Tax Exempt Long-Term Fund (USTEX)
  • USAA Tax Exempt Short-Term Fund (USSTX)
  • USAA International Fund (USIFX)
  • USAA World Growth Fund (USAWX)
  • USAA Emerging Markets Fund (USEMX)
  • USAA GNMA Trust (USGNX)
  • USAA California Bond Fund (USCBX)
  • USAA New York Bond Fund (USNYX)
  • USAA Virginia Bond Fund (USVAX)
  • USAA Value Fund (UVALX)
  • USAA High-Yield Opportunities Fund (USHYX)

Individual investors also can continue to directly access USAA’s full suite of mutual funds through usaa.com or by calling 1-800-531-USAA.

Past performance is no guarantee of future results. Consider the investment objectives, risks, charges and expenses of the USAA mutual funds carefully before investing. Contact us at 800-531-8910 for a prospectus containing this and other information about the funds from USAA Investment Management Company, Distributor. Read it carefully before investing.

About USAA

USAA provides insurance, banking, investment and retirement products and services to 7.7 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military – and their families. For more information about USAA, or to learn more about membership, visit USAA.com.

* Eighty-three percent of USAA bond funds and 76 percent of our mutual funds beat their Lipper category average for one-year returns for the period ending June 30, 2010. Based on average annual returns, 10 out of 12 USAA fixed income funds beat their Lipper averages for the one-year period ending June 30, 2010. For the five- and 10-year periods ending June 30, 2010, 83 percent of USAA’s fixed income funds (10 out of 12 funds), and 100 percent (12 out of 12 funds), respectively, beat their Lipper averages. Based on average annual returns, 34 out of 45 USAA funds beat their Lipper averages for the one-year period ending June 30, 2010. For the five- and 10-year periods ending June 30, 2010, 64 percent (25 out of 39 funds), and 76 percent (26 out of 34 funds), respectively, beat their Lipper averages. Results will vary for other time periods. Source: Lipper, Inc.

** The USAA Precious Metals and Minerals Fund ranked No. 82 of 7,403, No. 1 of 5,286, and No. 1 of 3,973 among a distinct portfolio universe of all Lipper mutual funds, across all categories of funds, for the 1-, 5-, and 10-year periods, respectively, ending June 30, 2010.

The USAA Precious Metals and Minerals Fund is subject to additional risks, such as currency fluctuation, market liquidity, political instability and increased price volatility and may be more volatile than a fund that diversifies across many industries and companies.

Investments provided by USAA Investment Management Company and USAA Financial Advisors Inc., both registered broker dealers. Managed Accounts is a service of USAA Investment Management Company (USAA), a registered investment adviser and broker dealer.