Four USAA Mutual Funds Receive Lipper Awards

Precious Metals and Minerals Fund earns top spot for seventh year in a row

SAN ANTONIO--(BUSINESS WIRE)-- USAAInvestment Management Company, which manages more than $47.3 billion in mutual fund assets and $8.2 billion in managed accounts as of Dec. 31, 2010, announced today that four of its mutual funds earned prestigious Lipper Fund Awards* in their respective categories for investment performance during 2010.

USAA mutual fund honorees include:

• The USAA Precious Metals and Minerals Fund (USAGX) ranked No. 1 out of 32 funds for the 10-year period in the Precious Metals Funds category for the seventh consecutive year.
• The USAA Virginia Bond Fund (USVAX) ranked No. 1 out of 21 funds for the 10-year period in the Virginia Municipal Debt Funds category.
• The USAA Cornerstone Strategy Fund (USCRX) ranked No. 1 out of 99 funds for the three-year period in the Global Flexible Portfolio Funds category.
• The USAA First Start Growth Fund (UFSGX) ranked No. 1 out 495 funds for the three-year period in the Mixed-Asset Target Allocation Growth Funds category.

“These awards reflect the people, philosophy and process that make USAA stand out among investment firms,” said Dan McNamara, president of USAA Investment Management Company. “Our portfolio management team’s diverse expertise and their team-oriented approach enable USAA to deliver the competitive performance our members expect.”

USAA mutual funds are available to individual investors through usaa.com or by calling 800-531-0853.

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.

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

The USAA Cornerstone Fund is subject to various risks including Real Estate Investment Trusts (REIT) investment risk. Investing in REITs may subject the Fund to many of the same risks associated with direct ownership of real estate.

About USAA

USAA provides insurance, banking, investment and retirement products and services to 8 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.

*Lipper Fund Awards are provided by the Thompson Reuters organization. They are calculated for each eligible classification using historical risk-adjusted consistent performance relative to peers for the three-, five- and 10-year time periods ended December 31, 2010. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over 3, 5 or 10 years.

USAAAlison Antieri, 212-453-2204
[email protected]
orKristine Olson, 210.456.2552
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or
USAA on Twitter: @usaa

Source: USAA