# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-23-011821
**Filing Date:** 2023-1
**Character Count:** 10501
**Document Hash:** 734c0cae5a1879cfd77f438b1218aa1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-011821.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-011821

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230531

**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:** 23550869

**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

### Cornerstone Equity Fund (Series ID: S000037227)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000114653 | Cornerstone Equity Fund | UCEQX           |

## 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:** Cornerstone Equity Fund

- **b. EDGAR series identifier (if any):** S000037227

- **c. LEI of Series:** 549300XGC2RDFOHG8M84

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $201984890.18

**Total Liabilities:** $809823.87

**Net Assets:** $201175066.31

**Cash Not Reported:** $572240.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114653 | -9.32%               | 6.95%                | 7.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-18275319.17                              |
| Month 2  | $0.00                    | $12004490.60                               |
| Month 3  | $60093.77                | $14586240.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MSILF Government Portfolio                                                           | MSILF GOVERNMENT-INST                  | CUSIP: 61747C707<br>LEI: N/A | Long             | STIV             | RF                | US        |    190812 | NS      | $190812.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: International Fund; Institutional Class Shares              | USAA INTERNATIONAL FUND                | CUSIP: 903288637<br>LEI: N/A | Long             |  | RF                | US        |   1301236 | NS      | $30657119.92  | 15.24%            |  |  |  | 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        |    416784 | NS      | $5434861.66   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Emerging Markets Fund; Institutional Class Shares           | USAA EMERGING MARKETS FUND             | CUSIP: 903288629<br>LEI: N/A | Long             |  | RF                | US        |    527327 | NS      | $9592083.95   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                       | GLDMN SCHS FIN SQ GV-FST               | CUSIP: 38141W273<br>LEI: N/A | Long             | STIV             | RF                | US        |    190812 | NS      | $190812.50    | 0.09%             |  |  |  | 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        |   1425755 | NS      | $13188236.43  | 6.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                                | INVESCO GVT & AGNCY-INST               | CUSIP: 825252885<br>LEI: N/A | Long             | STIV             | RF                | US        |    190812 | NS      | $190812.50    | 0.09%             |  |  |  | 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        |    429614 | NS      | $8424722.89   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                                 | HSBC US GOVT MMKT-I                    | CUSIP: 40428X107<br>LEI: N/A | Long             | STIV             | RF                | US        |    190812 | NS      | $190812.50    | 0.09%             |  |  |  | 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        |     44305 | NS      | $732800.07    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares International Value Momentum ETF                                       | VICTORYSHARES INTERNATIONAL VA         | CUSIP: 92647N550<br>LEI: N/A | Long             |  | RF                | US        |    555112 | NS      | $23190025.84  | 11.53%            |  |  |  | No            |                  1 | On Loan: No      |
| USAA Mutual Funds Trust: Value Fund; Institutional Class Shares                      | USAA VALUE FUND                        | CUSIP: 903288652<br>LEI: N/A | Long             |  | RF                | US        |    224889 | NS      | $4099719.36   | 2.04%             |  |  |  | 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        |    117837 | NS      | $3108532.15   | 1.55%             |  |  |  | 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        |    790405 | NS      | $41780787.68  | 20.77%            |  |  |  | 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        |    249186 | NS      | $7971470.06   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares WestEnd US Sector ETF                                                  | VICTORYSHARES WESTEND US SECTOR ETF    | CUSIP: 92647P126<br>LEI: N/A | Long             |  | RF                | US        |    285542 | NS      | $8025700.44   | 3.99%             |  |  |  | No            |                  1 | On Loan: —       |
| VictoryShares Small Mid Cap Value Momentum ETF                                       | VICTORYSHARES US SMALL MID CAP         | CUSIP: 92647N568<br>LEI: N/A | Long             |  | RF                | US        |    100558 | NS      | $6740402.74   | 3.35%             |  |  |  | No            |                  1 | On Loan: —       |
| VictoryShares US Value Momentum ETF                                                  | VICTORYSHARES US VALUE MOMENTU         | CUSIP: 92647N576<br>LEI: N/A | Long             |  | RF                | US        |    405692 | NS      | $26925778.04  | 13.38%            |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Emerging Markets Value Momentum ETF                                    | VICTORYSHARES EMERGING MARKETS         | CUSIP: 92647N543<br>LEI: N/A | Long             |  | RF                | US        |    266858 | NS      | $10757045.98  | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

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

**Signature:** James K. De Vries

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

**Title:** Treasurer