# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-23-041244
**Filing Date:** 2023-2
**Character Count:** 12792
**Document Hash:** 3c821f83f1cfc7f9d84382a05f364591
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041244.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041244

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000908695
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 23671039

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Target Retirement 2060 Fund (Series ID: S000041439)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000128656 | Target Retirement 2060 Fund | URSIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** USAA Mutual Funds Trust

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

**Item A.2. Information about the Series.**

- **a. Name of Series:** Target Retirement 2060 Fund

- **b. EDGAR series identifier (if any):** S000041439

- **c. LEI of Series:** 549300SIHTC00VCH1R53

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $116754169.95

**Total Liabilities:** $22417.78

**Net Assets:** $116731752.17

**Cash Not Reported:** $836938.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128656 | 6.24%                | 7.41%                | -3.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $683151.57               | $5867604.02                                |
| Month 2  | $-168877.06              | $8544252.76                                |
| Month 3  | $1650137.70              | $-8150183.53                               |

### Schedule of Portfolio Investments

| Name                                                                                  | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VictoryShares ESG Corporate Bond ETF                                                  | VICTORYSHARES ESG CORPORATE BOND ETF           | CUSIP: 92647X855<br>LEI: N/A                  | Long             |  | RF                | US        |     43422 | NS      | $875604.63    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Global Managed Volatility Fund; Institutional Class Shares   | USAA GLOBAL MANAGED VOLATILITY FUND            | CUSIP: 903288710<br>LEI: N/A                  | Long             |  | RF                | US        |   2061566 | NS      | $17605776.63  | 15.08%            |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: 500 Index Fund; Reward Shares                                | USAA S P 500 INDEX RWRD                        | CUSIP: 903288769<br>LEI: N/A                  | Long             |  | RF                | US        |    211035 | NS      | $10315407.91  | 8.84%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Nasdaq-100 Index Fund; Class R6 Shares                       | USAA NASDAQ 100 INDEX FUND                     | CUSIP: 90291A700<br>LEI: N/A                  | Long             |  | RF                | US        |     41821 | NS      | $1169746.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares International Volatility Wtd Idx ETF                                    | VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF | CUSIP: 92647N840<br>LEI: 549300PQPRGG1DP3EJ39 | Long             |  | RF                | US        |     75768 | NS      | $2800733.81   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares US Value Momentum ETF                                                   | VICTORYSHARES US VALUE MOMENTU                 | CUSIP: 92647N576<br>LEI: N/A                  | Long             |  | RF                | US        |     96343 | NS      | $6094610.01   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Target Managed Allocation Fund                               | USAA TARGET MANAGED ALLOCATION FUND            | CUSIP: 903287829<br>LEI: N/A                  | Long             |  | RF                | US        |   1793301 | NS      | $15153391.76  | 12.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Victory Portfolios: Victory Sophus Emerging Markets Fund; Class R6 Shares             | VICTORY SOPHUS EMERGING MARKETS FUND           | CUSIP: 92647Q371<br>LEI: N/A                  | Long             |  | RF                | US        |     88932 | NS      | $1547419.76   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Precious Metals & Minerals Fund; Institutional Class Shares  | USAA PRECIOUS METALS AND MINERALS FUND         | CUSIP: 903288561<br>LEI: N/A                  | Long             |  | RF                | US        |     19828 | NS      | $330340.48    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Portfolios: Victory Integrity Mid-Cap Value Fund; Class R6 Shares             | VICTORY INTEGRITY M C VAL R6                   | CUSIP: 92647K598<br>LEI: N/A                  | Long             |  | RF                | US        |    191841 | NS      | $4120736.73   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Nasdaq Next 50 ETF                                                      | VICTORYSHARES NASDAQ NEXT 50 ETF               | CUSIP: 92647X806<br>LEI: N/A                  | Long             |  | RF                | US        |    112009 | NS      | $2691576.27   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Growth Fund; Institutional Class Shares                      | USAA GROWTH FUND                               | CUSIP: 903288678<br>LEI: N/A                  | Long             |  | RF                | US        |    165095 | NS      | $3783971.90   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Small Cap Stock Fund; Institutional Class Shares             | USAA SMALL CAP STOCK FUND                      | CUSIP: 903288645<br>LEI: N/A                  | Long             |  | RF                | US        |    277788 | NS      | $3211232.98   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Emerging Markets Value Momentum ETF                                     | VICTORYSHARES EMERGING MARKETS                 | CUSIP: 92647N543<br>LEI: N/A                  | Long             |  | RF                | US        |    108347 | NS      | $4321961.83   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Government Securities Fund; Institutional Class Shares       | USAA GOVERNMENT SECURITIES FUND                | CUSIP: 903287787<br>LEI: N/A                  | Long             |  | RF                | US        |    503944 | NS      | $4419585.55   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Income Stock Fund; Institutional Class Shares                | USAA INCOME STOCK FUND                         | CUSIP: 903288660<br>LEI: N/A                  | Long             |  | RF                | US        |    131968 | NS      | $2289642.02   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares US Multi-Factor Minimum Vol ETF                                         | VICTORYSHARES US MULTI FACTOR MIN VOL WTD ETF  | CUSIP: 92647N691<br>LEI: 5493004HRSYZ4WW5CD82 | Long             |  | RF                | US        |     43625 | NS      | $1664599.13   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Intermediate-Term Bond Fund; Institutional Class Shares      | USAA INTERMEDIATE TERM BOND FUND               | CUSIP: 903288595<br>LEI: N/A                  | Long             |  | RF                | US        |    340463 | NS      | $3053956.52   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Portfolios: Victory RS International Fund; Class R6 Shares                    | VICTORY RS INTERNATIONAL R6                    | CUSIP: 92647Q264<br>LEI: N/A                  | Long             |  | RF                | US        |    871199 | NS      | $8633579.91   | 7.40%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Short-Term Bond Fund; Institutional Class Shares             | USAA SHORT TERM BOND FUND                      | CUSIP: 903288587<br>LEI: N/A                  | Long             |  | RF                | US        |       118 | NS      | $1024.91      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Portfolios: Victory Trivalent International Fund-Core Equity; Class R6 Shares | VICTORY TRIVALENT INTL FUND C E R6             | CUSIP: 92646A120<br>LEI: N/A                  | Long             |  | RF                | US        |    943173 | NS      | $6253238.05   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Small Mid Cap Value Momentum ETF                                        | VICTORYSHARES US SMALL MID CAP                 | CUSIP: 92647N568<br>LEI: N/A                  | Long             |  | RF                | US        |     42403 | NS      | $2671435.64   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares WestEnd US Sector ETF                                                   | VICTORYSHARES WESTEND US SECTOR ETF            | CUSIP: 92647P126<br>LEI: N/A                  | Long             |  | RF                | US        |    207979 | NS      | $5530535.97   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares International Value Momentum ETF                                        | VICTORYSHARES INTERNATIONAL VA                 | CUSIP: 92647N550<br>LEI: N/A                  | Long             |  | RF                | US        |    177196 | NS      | $7341407.48   | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** USAA Mutual Funds Trust

**Signature:** James K. De Vries

**Name of Signer:** James K. De Vries

**Title:** Treasurer