# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001683863-23-001179
**Filing Date:** 2023-2
**Character Count:** 5445
**Document Hash:** 694b351cd344ca438f1bb8cc25a5d997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-001179.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001683863-23-001179

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**EFFECTIVENESS DATE**: 20230222

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-65572
- **FILM NUMBER:** 23654000

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

---

## 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           |

?xml version="1.0" encoding="utf-8"? Growth and Tax Strategy Fund AATR supplement

![](imgff46d2b31.gif)

**USAA Growth and Tax Strategy Fund**

**Supplement Dated February 22, 2023**

**to the Summary Prospectus and Prospectus (the "Prospectus")**

**each dated October 1, 2022, as Supplemented**

**This Supplement updates certain information contained in the above-dated Prospectus for the USAA Growth and Tax Strategy Fund.** 

***To reflect a revision in the returns for the Lipper Composite Index in the table below, the Average Annual Total Returns Table found in the Prospectus is deleted in its entirety and hereby replaced with the following:*** 

------

**Average Annual Total Returns**

**For Periods Ended December 31, 2021**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | &nbsp;&nbsp;&nbsp;&nbsp; **5 Years**<br> **(or Life**<br> **of Class)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **10 Years**<br> **(or Life**<br> **of Class)**<br>|
| **Fund Shares** |  |  |  |
| Return Before Taxes | 14.80% | 10.88% | 9.72% |
| Return After Taxes on Distributions | 14.65% | 10.68% | 9.53% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.39% | 8.92% | 8.26% |
| **Institutional Shares** |  |  |  |
| Return Before Taxes | 14.79% | 19.27%\* | N/A |
| **Class A** |  |  |  |
| Return Before Taxes | 11.88% | 17.18%\* | N/A |
| **Class C** |  |  |  |
| Return Before Taxes | 12.61% | 18.06%\* | N/A |
| **Indexes** |  |  |  |
| S&P 500<sup>®</sup> Index (reflects no deduction for fees, expenses, or taxes) | 28.71% | 18.47% | 16.55% |
| Bloomberg Municipal Bond Index (reflects no deduction for fees, <br> expenses, or taxes)<br>| 1.52% | 4.17% | 3.72% |
| Composite Index\* (reflects no deduction for fees, expenses, or taxes) | 15.11% | 11.31% | 10.12% |
| Lipper Composite Index\*\* (reflects no deduction for taxes) | 14.22% | 10.49% | 9.56% |

---

\* The Composite Index is comprised of 50% of the S&P 500 Index and 50% of the Bloomberg Municipal Bond Index.

\*\*The Lipper Composite Index is comprised of 51% of the Lipper General & Insured Municipal Debt Funds Index and 49% of the Lipper Large-Cap Core Funds Index. The unmanaged Lipper General & Insured Municipal Debt Funds Index tracks the total return performance of the funds within this same category. The unmanaged Lipper Large-Cap Core Funds Index tracks the total return performance of the funds within this same category.

&nbsp;&nbsp;&nbsp;&nbsp;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.

------