SCHEDULE A

TO THE EXPENSE LIMITATION AGREEMENT

DATED March 10, 2023

OPERATING EXPENSE LIMITS

Fund/Class	Maximum	Effective Date of	Date of
	Operating
March 31 FYE Funds	Expense Limit	Waiver	Termination
USAA California Bond Fund Class A	0.80%	June 29, 2022	July 31, 2023
USAA California Bond Fund Shares	0.54%	June 29, 2022	July 31, 2023
USAA California Bond Institutional Shares	0.50%	June 29, 2022	July 31, 2023
USAA Global Equity Income Fund Shares	1.00%	June 29, 2022	July 31, 2023
USAA New York Bond Fund Class A	0.90%	June 29, 2022	July 31, 2023
USAA New York Bond Fund Shares	0.65%	June 29, 2022	July 31, 2023
USAA New York Bond Institutional Shares	0.61%	June 29, 2022	July 31, 2023
USAA Target Managed Allocation Fund	0.65%	June 29, 2022	July 31, 2023
USAA Tax Exempt Intermediate-Term	0.75%	June 29, 2022	July 31, 2023
Fund Class A
USAA Tax Exempt Intermediate-Term	0.48%	June 29, 2022	July 31, 2023
Fund Shares
USAA Tax Exempt Intermediate-Term	0.44%	June 29, 2022	July 31, 2023
Institutional Shares
USAA Tax Exempt Long-Term Fund Class A	0.70%	June 29, 2022	July 31, 2023
USAA Tax Exempt Long-Term Fund Shares	0.48%	June 29, 2022	July 31, 2023
USAA Tax Exempt Long-Term Institutional	0.44%	June 29, 2022	July 31, 2023
Shares
USAA Tax Exempt Money Market Fund	0.56%	June 29, 2022	July 31, 2023
USAA Tax Exempt Short-Term Fund Class	0.75%	June 29, 2022	July 31, 2023
A
USAA Tax Exempt Short-Term Fund Shares	0.51%	June 29, 2022	July 31, 2023
USAA Tax Exempt Short-Term Institutional	0.47%	June 29, 2022	July 31, 2023
Shares
USAA Virginia Bond Fund Class A	0.80%	June 29, 2022	July 31, 2023
USAA Virginia Bond Fund Shares	0.54%	June 29, 2022	July 31, 2023
USAA Virginia Bond Institutional Shares	0.50%	June 29, 2022	July 31, 2023

A-1

Fund/Class	Maximum	Effective Date
	Operating		Date of Termination
May 31 FYE Funds	Expense Limit	of Waiver
USAA Cornerstone Aggressive Fund	1.10%	June 29, 2022	September
			30, 2023
USAA Cornerstone Conservative Fund	0.10%	June 29, 2022	September
			30, 2023
USAA Cornerstone Equity Fund	0.10%	June 29, 2022	September
			30, 2023
USAA Cornerstone Moderate Fund	1.00%	June 29, 2022	September
			30, 2023
USAA Cornerstone Moderately Aggressive	0.98%	June 29, 2022	September
Fund			30, 2023
USAA Cornerstone Moderately	0.90%	June 29, 2022	September
Conservative Fund			30, 2023
USAA Emerging Markets Fund	1.29%	June 29, 2022	September
Institutional Shares			30, 2023
USAA Emerging Markets Fund Shares	1.48%	June 29, 2022	September
			30, 2023
USAA Government Securities Fund	0.39%	June 29, 2022	September
Institutional Shares			30, 2023
USAA Government Securities Fund R6	0.35%	June 29, 2022	September
Shares			30, 2023
USAA Government Securities Fund Shares	0.48%	June 29, 2022	September
			30, 2023
USAA Growth and Tax Strategy Fund	0.61%	June 29, 2022	September
Shares			30, 2023
USAA Growth and Tax Strategy Fund	0.57%	June 29, 2022	September
Institutional Shares			30, 2023
USAA Growth and Tax Strategy Fund Class	0.86%	June 29, 2022	September
A			30, 2023
USAA Growth and Tax Strategy Fund Class	1.61%	June 29, 2022	September
C			30, 2023
USAA International Fund Class A	1.35%	June 29, 2022	September
			30, 2023
USAA International Fund Institutional	0.99%	June 29, 2022	September
Shares			30, 2023
USAA International Fund R6 Shares	0.85%	June 29, 2022	September
			30, 2023
USAA International Fund Shares	1.06%	June 29, 2022	September
			30, 2023
USAA Managed Allocation Fund	0.74%	June 29, 2022	September
			30, 2023
USAA Precious Metals and Minerals Fund	1.34%	June 29, 2022	September
Class A			30, 2023
USAA Precious Metals and Minerals Fund	1.00%	June 29, 2022	September
Institutional Shares			30, 2023
USAA Precious Metals and Minerals Fund	1.27%	June 29, 2022	September
Shares			30, 2023

A-2

USAA Treasury Money Market Trust	0.35%	June 29, 2022	September
			30, 2023
USAA Sustainable World Fund Class A	1.35%	June 29, 2022	September
			30, 2023
USAA Sustainable World Fund Institutional	1.00%	June 29, 2022	September
Shares			30, 2023
USAA Sustainable World Fund Shares	1.09%	June 29, 2022	September
			30, 2023

Fund/Class	Maximum	Effective Date
	Operating		Date of Termination
July 31 FYE Funds	Expense Limit	of Waiver
USAA Aggressive Growth Fund	0.70%	June 29, 2022	November 30,
Institutional Shares			2023
USAA Aggressive Growth Fund Shares	0.75%	June 29, 2022	November 30,
			2023
USAA Capital Growth Fund Institutional	1.10%	June 29, 2022	November 30,
Shares			2023
USAA Capital Growth Fund Shares	1.12%	June 29, 2022	November 30,
			2023
USAA Growth & Income Fund Institutional	0.84%	June 29, 2022	November 30,
Shares			2023
USAA Growth & Income Fund Class A	1.15%	June 29, 2022	November 30,
			2023
USAA Growth & Income Fund Shares	0.88%	June 29, 2022	November 30,
			2023
USAA Growth Fund Institutional Shares	0.88%	June 29, 2022	November 30,
			2023
USAA Growth Fund Shares	0.92%	June 29, 2022	November 30,
			2023
USAA High Income Fund Class A	1.00%	June 29, 2022	November 30,
			2023
USAA High Income Fund Institutional	0.73%	June 29, 2022	November 30,
Shares			2023
USAA High Income Fund R6 Shares	0.65%	June 29, 2022	November 30,
			2023
USAA High Income Fund Shares	0.83%	June 29, 2022	November 30,
			2023
USAA Income Fund Class A	0.77%	June 29, 2022	November 30,
			2023
USAA Income Fund Institutional Shares	0.46%	June 29, 2022	November 30,
			2023
USAA Income Fund R6 Shares	0.39%	June 29, 2022	November 30,
			2023
USAA Income Fund Shares	0.52%	June 29, 2022	November 30,
			2023
USAA Income Stock Fund Institutional	0.72%	June 29, 2022	November 30,
Shares			2023

A-3

USAA Income Stock Fund Shares	0.76%	June 29, 2022	November 30,
			2023
USAA Intermediate-Term Fund Class A	0.87%	June 29, 2022	November 30,
			2023
USAA Intermediate-Term Fund Class C	1.53%	June 29, 2022	November 30,
			2023
USAA Intermediate-Term Fund	0.52%	June 29, 2022	November 30,
Institutional Shares			2023
USAA Intermediate-Term Fund R6 Shares	0.39%	June 29, 2022	November 30,
			2023
USAA Intermediate-Term Fund Shares	0.59%	June 29, 2022	November 30,
			2023
USAA Money Market Fund	0.62%	June 29, 2022	November 30,
			2023
USAA Science & Technology Fund Class A	1.34%	June 29, 2022	November 30,
			2023
USAA Science & Technology Fund Shares	1.06%	June 29, 2022	November 30,
			2023
USAA Short-Term Bond Fund Class A	0.73%	June 29, 2022	November 30,
			2023
USAA Short-Term Bond Fund Institutional	0.43%	June 29, 2022	November 30,
Shares			2023
USAA Short-Term Bond Fund R6 Shares	0.39%	June 29, 2022	November 30,
			2023
USAA Short-Term Bond Fund Shares	0.53%	June 29, 2022	November 30,
			2023
USAA Small Cap Stock Fund Institutional	0.98%	June 29, 2022	November 30,
Shares			2023
USAA Small Cap Stock Fund Shares	1.10%	June 29, 2022	November 30,
			2023
USAA Value Fund Class A	1.27%	June 29, 2022	November 30,
			2023
USAA Value Fund Institutional Shares	0.88%	June 29, 2022	November 30,
			2023
USAA Value Fund Shares	0.96%	June 29, 2022	November 30,
			2023

A-4

Fund/Class	Maximum	Effective Date	Date of Termination
	Operating
December 31 FYE Funds	Expense Limit	of Waiver
USAA 500 Index Fund Member Shares	0.25%	March 10,	August 31,
		2023	2024
USAA 500 Index Fund Reward Shares	0.15%	March 10,	August 31,
		2023	2024
USAA Extended Market Index Fund Shares	0.43%	March 10,	August 31,
		2023	2024
USAA Global Managed Volatility Fund	0.70%	March 10,	August 31,
Institutional Shares		2023	2024
USAA Global Managed Volatility Fund	0.90%	March 10,	August 31,
Shares		2023	2024
USAA NASDAQ-100 Index Fund R6 Shares	0.40%	March 10,	August 31,
		2023	2024
USAA NASDAQ-100 Index Fund Shares	0.48%	March 10,	August 31,
		2023	2024
USAA NASDAQ-100 Index Fund	0.44%	March 10,	August 31,
Institutional Shares		2023	2024
USAA NASDAQ-100 Index Fund Class A	0.70%	March 10,	August 31,
		2023	2024
USAA NASDAQ-100 Index Fund Class C	1.45%	March 10,	August 31,
		2023	2024
USAA Target Retirement 2030 Fund	0.03%	March 10,	August 31,
		2023	2024
USAA Target Retirement 2040 Fund	0.02%	March 10,	August 31,
		2023	2024
USAA Target Retirement 2050 Fund	0.04%	March 10,	August 31,
		2023	2024
USAA Target Retirement 2060 Fund	0.10%	March 10,	August 31,
		2023	2024
USAA Target Retirement Income Fund	0.07%	March 10,	August 31,
		2023	2024
USAA Ultra Short-Term Bond Fund	0.55%	March 10,	August 31,
Institutional Shares		2023	2024
USAA Ultra Short-Term Bond Fund R6	0.39%	March 10,	August 31,
Shares		2023	2024
USAA Ultra Short-Term Bond Fund Shares	0.60%	March 10,	August 31,
		2023	2024
USAA Ultra Short-Term Bond Fund Class A	0.85%	March 10,	August 31,
		2023	2024

A-5