# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001683863-23-000194
**Filing Date:** 2023-1
**Character Count:** 4534
**Document Hash:** f73fb0d15cce46aecaf9b936f0b5ddf4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-000194.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001683863-23-000194

**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:** 23542664

**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

### Intermediate-Term Bond Fund (Series ID: S000012902)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000034871 | Intermediate-Term Bond Fund Shares               | USIBX           |
| C000066840 | Intermediate-Term Bond Fund Institutional Shares | UIITX           |
| C000175750 | Intermediate-Term Bond Fund R6 Shares            | URIBX           |
| C000220613 | Intermediate-Term Bond Fund Class A              | UITBX           |
| C000220614 | Intermediate-Term Bond Fund Class C              | UITCX           |

![](gwz34jaqb3b4oqc35hzm7.jpg)

![](g2tf1zqj81augnkt75myj.jpg)

**USAA Intermediate-Term Bond Fund**

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

Effective January 23, 2023, James F. Jackson, Jr., Senior Portfolio Manager and Head of Fixed Income Portfolio Management was named as co-Chief Investment Officer of USAA Investments, a Victory Capital Management Inc. Investment Franchise.

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

**Portfolio Managers**

---

| | | |
|:---|:---|:---|
|  | **Title** | **Tenure with the Fund** |
| &nbsp;&nbsp; Brian W. Smith, CFA, CPA | Senior Portfolio Manager | Since 2013 |
|  | Senior Portfolio Manager and co-Chief |  |
| &nbsp;&nbsp; John Spear, CFA | Investment Officer | Since 2016 |
| &nbsp;&nbsp; Kurt Daum, J.D. | Senior Portfolio Manager | Since 2016 |
|  | Senior Portfolio Manager, Head of |  |
|  | Fixed Income Portfolio Management, |  |
| &nbsp;&nbsp; James F. Jackson, Jr., CFA | and co-Chief Investment Officer | Since 2019 |
| R. Neal Graves, CFA, CPA | Senior Portfolio Manager | Since 2019 |

---

**The disclosure referencing James F. Jackson, Jr. under "Portfolio Management" on page 28 of the Prospectus is replaced with the following:**

**James F. Jackson, Jr.,** CFA, Victory Capital Senior Portfolio Manager, Head of Fixed Income Portfolio Management, and co-Chief Investment Officer–USAA Investments, a Victory Capital Investment Franchise, has co-managed the Fund since 2019. Mr. Jackson has 22 years of investment management experience including 10 years with AMCO, which was acquired by the Adviser's parent company in 2019. Education: M.B.A. with High Distinction, Ross School of Business, University of Michigan; B.S., United States Naval Academy. He holds the CFA designation and is a member of the CFA Institute and the CFA Society of San Antonio.

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.

![](gy1a1tzkugn37w04u9shf.jpg)