Three USAA Mutual Funds Receive Lipper Awards

SAN ANTONIO--(BUSINESS WIRE)--

USAA Investment Management Company, which manages more than $49 billion in mutual fund assets and $11 billion in managed accounts as of Dec. 31, 2011, announced today that three of its mutual funds earned prestigious Lipper Fund Awards* in their respective categories for investment performance during 2011.

USAA mutual fund honorees include:

• The USAA Tax Exempt Intermediate-Term Fund (USATX) ranked No. 1 out of 140 funds for the 3-year period in the Intermediate Municipal Debt Funds category. Portfolio Manager: Regina Shafer.
• The USAA Tax Exempt Short-Term Fund (USSTX) ranked No. 1 out of 58 funds for the 5-year period in the Short Municipal Debt Funds category. Portfolio Manager: Regina Shafer.
• The USAA Precious Metals and Minerals Fund (USAGX) ranked No. 1 out of 33 funds for the 10-year period in the Precious Metals Funds category for the eighth consecutive year. Portfolio Manager: Dan Denbow.

“Throughout the tough market and economic conditions of the last three years, our funds have continued to perform very well in their peer groups,” said Dan McNamara, president of USAA Investments. “Our portfolio management team has a unique team-oriented approach that consistently delivers the competitive performance our members expect. When we do well, our members do well and that's very important to us.”

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

About USAA

USAA provides insurance, banking, investment and retirement products and services to 8.8 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 eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.

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.

*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, 2011. 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.

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