USAA Targets Active ETFs

USAA, the San Antonio, Texas, based financial services company that caters to U.S. Armed Forces and State Department personnel and their families, wants to launch active exchange traded funds.

According to aregulatory filing, USAA’s proposed ETF offerings run the gamut of equity, bonds and alternative strategies to be included in theCornerstone Moderately Aggressive Fund,Flexible Income Fund,Global Managed Volatility Fund,Dividend Equity Fund,High Income Fund,Intermediate Term Bond Fund,Precious Metals and Natural Resources Fund,Short-Term Bond Fund,Real Return Fund,Tax Exempt Intermediate-Term Fund,Tax Exempt Long-Term Fund,Tax Exempt Short-Term Fund,Total Return Strategy Fundand theUltra Short Term Bond Fund.

The funds’ fees were not included in the filing.