# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001683863-23-000218
**Filing Date:** 2023-1
**Character Count:** 4116
**Document Hash:** 0ef8c92de65b211bece51401837cd136
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000218.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001683863-23-000218

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230123

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-65572
- **FILM NUMBER:** 23542718

**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

### Growth and Tax Strategy Fund (Series ID: S000012897)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000034866 | Growth and Tax Strategy Fund Shares               | USBLX           |
| C000220605 | Growth and Tax Strategy Fund Class C              | UGTCX           |
| C000220606 | Growth and Tax Strategy Fund Institutional Shares | UGTIX           |
| C000220607 | Growth and Tax Strategy Fund Class A              | UGTAX           |

![](gavj75tf7ej67ji4a3qo6.jpg)

**USAA Growth and Tax Strategy Fund**

**Supplement dated January 23, 2023, to the Summary Prospectus and Prospectus each dated October 1, 2022**

After 30 years in the investment industry, effective June 1, 2023, Regina G. Conklin plans to retire as a portfolio manager with USAA Investments, a Victory Capital Management Inc. Investment Franchise. At that time, Andrew Hattman will be named Head of Municipal Bond Portfolio Management and continue managing the tax-exempt mutual funds along with Lauren Spalten. The following changes will be effective June 1, 2023.

**The following disclosure replaces the section titled "Management of the Fund – Portfolio Managers" of the Summary Prospectus and Prospectus.**

---

| | | |
|:---|:---|:---|
| **Portfolio Managers**<br>| <br>**Title** | <br>**Tenure with the Fund** |
| &nbsp;&nbsp; Andrew Hattman, CFA, CAIA | Senior Portfolio Manager, Head of |  |
|  | Municipal Bond Portfolio Management | Since 2019 |
| &nbsp;&nbsp; Lauren Spalten | Portfolio Manager | Since 2021 |

---

**The disclosure referencing Regina G. Conklin under "Portfolio Management" on page 27 of the Prospectus is deleted and the disclosure referencing Andrew Hattman is replaced with the following:**

**Andrew Hattman**, CFA, CAIA, Victory Capital Senior Portfolio Manager and Head of Municipal bond Portfolio Management–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since 2019. Mr. Hattman has 11 years of investment management experience, eight years of which were with AMCO, which was acquired by the Adviser's parent company in 2019. Mr. Hattman holds CFA and CAIA designations.

If you wish to obtain more information, please call the USAA Mutual Funds at (800) 235-8396.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

Victory Capital means Victory Capital Management Inc., the investment adviser of the USAA Mutual Funds. USAA Mutual Funds are distributed by Victory Capital Services, Inc., member FINRA, an affiliate of Victory Capital. Victory Capital and its affiliates are not affiliated with United Services Automobile Association or its affiliates. USAA and the USAA logos are registered trademarks and the USAA Mutual Funds and USAA Investments logos are trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license.