# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001683863-23-000216
**Filing Date:** 2023-1
**Character Count:** 3496
**Document Hash:** 7867b764721837d1bb4b8a13f2f64c2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000216.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001683863-23-000216

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**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:** 23542712

**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

### Tax Exempt Intermediate-Term Fund (Series ID: S000012901)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000034870 | Tax Exempt Intermediate-Term Fund Shares               | USATX           |
| C000220611 | Tax Exempt Intermediate-Term Fund Class A              | UTEIX           |
| C000220612 | Tax Exempt Intermediate-Term Fund Institutional Shares | UITIX           |

![](ghecq80v85dn040xjtgyb.jpg)

![](gfia02zl38qv5ud1dyfoc.jpg)

**USAA Tax Exempt Intermediate-Term Fund**

**Supplement dated January 23, 2023, to the Summary Prospectus dated August 1, 2022 ("Summary Prospectus")**

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.**

---

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

---

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.

![](gpqsoo09sgrx7n1v8teu3.jpg)