First Prenotification of Estimated USAA Mutual Fund Distributions

First Prenotification of Estimated
USAA Mutual Fund Distributions
Thank you for choosing USAA for your investments. Based on preliminary calculations as of the first week
of October 2014, some of the funds on the next page may have unscheduled income dividends and/or
capital gain distributions in December 2014, which may be reportable on Form 1099-DIV.* Money market
and most bond funds accrue dividends daily and distribute them on the last business day of the month.
Note: Investing in a non-IRA account shortly before a fund distributes dividends and/or capital gains may
result in a taxable distribution. In certain cases, especially if that fund is expecting a large distribution, it
may be advisable to wait until after the fund’s dividends are distributed to invest.
Distributions*
The per-share amounts of the capital gain distributions are estimated to be within the ranges shown. The
actual distribution amounts will not be available until closer to the distribution date. If your fund(s) pay a
distribution, the following dates will apply:
Record Date
Distribution Date
Payable Date
Capital Gains1
December 4, 2014
December 5, 2014
December 8, 2014 Income Dividends2
December 15, 2014
December 16, 2014
December 17, 2014
Income Dividends3
December 26, 2014
December 29, 2014
December 30, 2014
Record Date – If you are a shareholder of any of these funds on this date, you will receive a distribution.
Distribution Date – Known as the ex-date, the date for which there will be a decline in the net
asset value per share because of the distribution amount. If you have selected reinvestment, the
distributions will be reinvested as additional shares into the fund at the day’s closing price.
Payable Date – If you have not selected reinvestment, the distributions will be paid on this date.
No alternative minimum tax
For the 2014 tax year, none of the USAA mutual funds distributed dividend income is subject to the
alternative minimum tax for individuals.
Money Market Capital Gain
USAA money market funds may produce additional capital gain income above and beyond the normal
monthly income distributions. The funds may do this by investing in high-quality securities that not only
provide competitive yields, but also have the potential to produce gains if their issuers chose to purchase
them back from investors. If there are additional capital gains, your 1099 will reflect these capital gains, and
you will need to report them on your income tax return. Please contact the Tax Center at 1-800-531-6347 if
you have questions about how this information relates to your 1099 tax documents.
*A Form 1099-DIV will not be sent if the distributions are less than $10.
1
Capital gains for all applicable funds.
2
Income dividends for underlying funds in Target funds.
3
Income dividends for all remaining funds, including Target funds.
Please see next page for more information.
USAA Fund Name
Aggressive Growth Fund
California Bond Fund
California Money Market Fund
Capital Growth Fund
Cornerstone Aggressive Fund
Cornerstone Conservative Fund
Cornerstone Equity Fund
Cornerstone Moderate Fund
Cornerstone Moderately Aggressive Fund
Cornerstone Moderately Conservative Fund
Emerging Markets Fund
Extended Market Index Fund
First Start Growth Fund
Flexible Income Fund
Global Managed Volatility Fund
Government Securities Fund
Growth and Income Fund
Growth and Tax Strategy Fund
Growth Fund
High Income Fund
Income Fund
Income Stock Fund
Intermediate Term Bond Fund
International Fund
Managed Allocation Fund
Money Market Fund
Nasdaq-100 Index Fund
New York Bond Fund
New York Money Market Fund
Precious Metals and Minerals Fund
Real Return Fund
S&P 500 Index Fund Reward Shares
Science & Technology Fund
Short Term Bond Fund
Small Cap Stock Fund
Target Retirement 2020 Fund
Target Retirement 2030 Fund
Target Retirement 2040 Fund
Target Retirement 2050 Fund
Target Retirement 2060 Fund
Target Retirement Income Fund
Tax Exempt Intermediate-Term Fund
Tax Exempt Long Term Fund
Tax Exempt Money Market Fund
Tax Exempt Short-Term Fund
Total Return Strategy Fund
Treasury Money Market Fund
Ultra Short Bond Fund
Value Fund
Virginia Bond Fund
Virginia Money Market Fund
World Growth Fund
Income Dividends*
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes†
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
Yes
No
No
Yes
No
No
Yes
Short-Term Capital Gains*
$0.031490 to $0.07149
—
to
—
—
to $0.02000
—
to
—
$0.08050 to $0.12050
—
to $0.02012
—
to $0.02106
—
to $0.02256
—
to
—
—
to $0.03448
—
to
—
$0.11818
to $0.15818
$0.30409 to $0.34409
$0.23069 to $0.27069
—
to
—
—
to
—
$0.14878
to $0.18878
—
to
—
$0.00271
to $0.04271
—
to $0.02634
—
to $0.02002
—
to $0.02740
—
to $0.02039
—
to
—
—
to $0.02323
—
to
—
$0.02954 to $0.06954
—
to
—
—
to $0.02014
—
to
—
$0.01215
to $0.05215
—
to
—
$0.16139
to $0.20139
—
to
—
$0.44336 to $0.48336
—
to $0.03165
—
to $0.03174
—
to $0.03035
—
to $0.03055
—
to $0.02123
—
to
—
—
to
—
—
to
—
—
to $0.02000
—
to
—
—
to
—
—
to
—
—
to $0.02377
$0.05526 to $0.09526
—
to
—
—
to
—
$0.05196 to $0.09196
Long-Term Capital Gains*
$3.82635 to $3.86635
—
to
—
—
to $0.02007
—
to
—
$0.05879 to $0.09879
$0.00440 to $0.04440
$0.00877 to $0.04877
$0.15942
to $0.19942
—
to
—
$0.02574 to $0.06574
—
to
—
$0.53109
to $0.57109
$0.33770 to $0.37770
—
to
—
$0.84576 to $0.88576
—
to
—
$2.50755 to $2.54755
—
to
—
$1.32019
to $1.36019
$0.03715
to $0.07715
—
to $0.02482
$0.37461
to $0.41461
—
to $0.03355
$0.10909 to $0.14909
—
to
—
—
to $0.02000
—
to $0.02177
—
to
—
—
to $0.02016
—
to
—
$0.00200 to $0.04200
—
to
—
$1.94503
to $1.98503
—
to $0.02468
$1.49308
to $1.53308
$0.11184
to $0.15184
$0.15428
to $0.19428
$0.17273
to $0.21273
$0.16652
to $0.20652
$0.04419 to $0.08419
—
to $0.03278
—
to
—
—
to
—
—
to
—
—
to $0.02088
—
to
—
—
to
—
—
to $0.02229
$0.57387 to $0.61387
—
to
—
—
to $0.02000
$0.25303 to $0.29303
*If the fund lists a “Yes” and/or a monetary amount, its distributions may be reported on a tax Form 1099-DIV.
†This fund distributes both taxable and tax-exempt income dividends. These distributions will be reported on tax Form 1099-DIV.
An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value
of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
As interest rates rise, existing bond prices fall. Foreign investing is subject to additional risks, such as currency fluctuations, market illiquidity, and political
instability. Non-investment grade securities are considered speculative and are subject to significant credit risks. They are sometimes referred to as junk bonds
since they represent a greater risk of default than more creditworthy investment-grade securities. While the value of the Government Securities shares is not
guaranteed by the U.S. Government, the Trust endeavors to maintain low-to-moderate fluctuation of share price.
Past performance is no guarantee of future results.
Some income may be subject to state or local taxes or the federal alternative minimum tax. © 2014 USAA. All rights reserved. 31368-1014