# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-23-074170
**Filing Date:** 2023-3
**Character Count:** 29125
**Document Hash:** d51d6d5438f3243f1f79bd1534bd0825
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074170.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-074170

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20230731

**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:** 23779311

**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 Fund (Series ID: S000012895)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000034864 | Growth Fund Shares               | USAAX           |
| C000066836 | Growth Fund Institutional Shares | UIGRX           |

## 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:** Growth Fund

- **b. EDGAR series identifier (if any):** S000012895

- **c. LEI of Series:** 5493002BRBIU3NVKKE62

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1954608642.11

**Total Liabilities:** $1531375.15

**Net Assets:** $1953077266.96

**Cash Not Reported:** $17999720.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034864 | 5.34%                | -7.37%               | 11.58%               |
| Class ID C000066836 | 5.39%                | -7.39%               | 11.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21739078.37             | $83321960.05                               |
| Month 2  | $4027445.18              | $-151065990.83                             |
| Month 3  | $11278133.01             | $197379274.08                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONSTELLATION BRANDS, INC.                  | CONSTELLATION BRANDS INC CLASS A           | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     86579 | NS      | $20044770.08  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                              | AUTODESK INC                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |    173694 | NS      | $37372001.04  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC.                                   | MSCI INC COMMON                            | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     20316 | NS      | $10799172.96  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.                 | LPL FINANCIAL HOLDINGS INC                 | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     17901 | NS      | $4244685.12   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                 | NOVARTIS AG                                | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             |  | CORP              | CH        |    242531 | NS      | $21978159.22  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY | JAZZ PHARMACEUTICALS PLC                   | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     97920 | NS      | $15340147.20  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY COMPANY                      | TRACTOR SUPPLY CO                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     76645 | NS      | $17474293.55  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA, INC.                                 | TESLA INC                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    362489 | NS      | $62790344.58  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.              | MONOLITHIC POWER SYSTEMS INC               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     27699 | NS      | $11815285.44  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                | CHIPOTLE MEXICAN GRILL INC                 | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3863 | NS      | $6359965.94   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                    | PALO ALTO NETWORKS INC                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     54248 | NS      | $8605902.72   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                | MONSTER BEVERAGE CORP                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    360838 | NS      | $37556019.04  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                | SHOPIFY INC                                | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    376553 | NS      | $18552766.31  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.             | OLD DOMINION FREIGHT LINE INC              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     25109 | NS      | $8367323.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                          | NVIDIA CORP                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    458536 | NS      | $89584178.32  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                            | AMAZON COM INC                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    820854 | NS      | $84654673.02  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA, INC.                              | ILLUMINA INC                               | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     94070 | NS      | $20149794.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                               | WORKDAY INC                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    100083 | NS      | $18158058.69  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                             | KLA CORP                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     17790 | NS      | $6982219.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED         | VERTEX PHARAMACEUTICALS INC                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |    181258 | NS      | $58564459.80  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                            | NOVO NORDISK A S                           | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             |  | CORP              | DK        |    122807 | NS      | $17043155.46  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY, INC.                       | CHENIERE ENERGY INC                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     33181 | NS      | $5069724.99   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                              | SNOWFLAKE INC CLASS A                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     56068 | NS      | $8771277.92   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & COMPANY                             | DEERE CO                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     37411 | NS      | $15818867.24  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                            | ROCHE HOLDING AG                           | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             |  | CORP              | CH        |    401264 | NS      | $15709485.60  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORPORATION                           | HEICO CORPORATION CL A                     | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    119771 | NS      | $16010987.28  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                 | INTUIT INC                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     24708 | NS      | $10443330.36  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM, INC.                                | DEXCOM INC                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    125336 | NS      | $13422232.24  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                  | APPLE INC                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    678485 | NS      | $97898600.65  | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LIMITED               | ALIBABA GROUP HOLDING LTD ADR              | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | KY        |    149190 | NS      | $16440738.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC.               | FACTSET RESEARCH SYSTEMS INC               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     44524 | NS      | $18830980.56  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                            | SALESFORCE INC                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    224985 | NS      | $37790730.45  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BOEING COMPANY                          | BOEING CO                                  | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    304059 | NS      | $64764567.00  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE, INC.                           | DOLLAR TREE INC                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     98825 | NS      | $14841538.50  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                | ADVANCED MICRO DEVICES INC                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     82725 | NS      | $6216783.75   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY, INC.                    | DIAMONDBACK ENERGY INC                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     56204 | NS      | $8212528.48   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HERSHEY COMPANY                         | HERSHEY CO                                 | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     50567 | NS      | $11357348.20  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED             | UNITEDHEALTH GROUP INC                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     48448 | NS      | $24184757.12  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                      | VERISK ANALYTICS INC                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     51211 | NS      | $9309647.69   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                               | ALPHABET INC CLASS A                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    320380 | NS      | $31666359.20  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM CHINA HOLDINGS, INC.                    | YUM CHINA HOLDINGS INC                     | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |    133281 | NS      | $8211442.41   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORPORATION                       | STARBUCKS CORP                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    252574 | NS      | $27565926.36  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                       | QUALCOMM INC                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    160387 | NS      | $21365152.27  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING COMPANY           | GRAPHIC PACKAGING HOLDING CO               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    468303 | NS      | $11281419.27  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                  | AGILENT TECHNOLOGIES INC                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     76104 | NS      | $11573896.32  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.             | REGENERON PHARMACEUTICALS INC              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     32679 | NS      | $24786041.13  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK, INC.                                 | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    244497 | NS      | $19980294.84  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |    165303 | NS      | $17877519.45  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                       | MICROSOFT CORP                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    565962 | NS      | $140251043.22 | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust Russell 1000                  | ISHARES RUSSELL 1000 GROWTH ET             | CUSIP: 464287614<br>LEI: N/A                  | Long             |  | RF                | US        |     91406 | NS      | $21213504.48  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                               | ALPHABET INC CLASS C                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    730867 | NS      | $72991687.29  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ENPHASE ENERGY, INC.                        | ENPHASE ENERGY INC                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     36057 | NS      | $7982298.66   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                          | ORACLE CORP                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    516239 | NS      | $45666501.94  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                       | BOOKING HOLDINGS INC                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      4021 | NS      | $9787516.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL, INC.                    | INTUITIVE SURGICAL INC                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     88945 | NS      | $21852897.05  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS, INC.                              | SYNOPSYS INC                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     33329 | NS      | $11790133.75  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WALT DISNEY COMPANY                     | WALT DISNEY CO THE                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    310137 | NS      | $33646763.13  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTAR GROUP, INC.                          | COSTAR GROUP INC                           | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121065 | NS      | $9430963.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST, INC.                                 | TOAST INC                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    299128 | NS      | $6673545.68   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                   | VISA INC CLASS A                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    477730 | NS      | $109978223.30 | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                            | SERVICENOW INC                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     48521 | NS      | $22083362.73  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                        | META PLATFORMS INC                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    450311 | NS      | $67082829.67  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                           | ULTA BEAUTY INC                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     20118 | NS      | $10339847.28  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                | TENET HEALTHCARE CORP                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    118216 | NS      | $6484147.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                       | PAYPAL HOLDINGS INC                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    185984 | NS      | $15155836.16  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                 | PROGRESSIVE CORP                           | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     97296 | NS      | $13266309.60  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC.                | BIOMARIN PHARMACEUTICAL INC                | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     91225 | NS      | $10522803.75  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                       | QUANTA SERVICES INC                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     86650 | NS      | $13187263.50  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION                    | LAM RESEARCH CORP                          | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     28097 | NS      | $14051309.70  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                           | YUM BRANDS INC                             | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    141371 | NS      | $18450329.21  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corporation              | SBA COMMUNICATIONS CORP                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     18550 | NS      | $5519181.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                               | NETFLIX INC                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    165574 | NS      | $58590015.64  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                | COSTCO WHOLESALE CORP                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     36717 | NS      | $18767527.38  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI INVESTMENTS COMPANY                     | SEI INVESTMENTS CO                         | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    252780 | NS      | $15781055.40  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                               | GARTNER INC                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     28113 | NS      | $9506129.82   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** James K. De Vries

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

**Title:** Treasurer