VICTORYSHARES US 500 VOLITILITY

NPORT-P false 0000908695 XXXXXXXX S000022887 C000066377 USAA Mutual Funds Trust 811-07852 0000908695 549300WIDR2J6W1Y9S11 15935 La Cantera Pkwy Building Two San Antonio 78256 800-235-8396 Target Retirement 2050 Fund S000022887 5493004XIFVCVGSBGK17 2019-12-31 2019-12-31 N 895192543.96 1967457.22 893225086.74 0 0 0 0 0 0 0 0 0 0 0 0 0 5114254.93 USD N VictoryShares US 500 Volatility Wtd Index ETF N/A VICTORYSHARES US 500 VOLITILITY 92647N766 424909.00000000 NS USD 23973365.78000000 2.683910935315 Long RF US N 1 N N N VictoryShares US SmCp High Div Vol Wtd Idx ETF N/A VICTORYSHARES US SMALL CAP HIGH DIV VOLATILITY WTD 92647N873 85377.00000000 NS USD 4015280.31000000 0.449526146276 Long RF US N 1 N N N USAA Mutual Funds Trust: Small Cap Stock Fund; Institutional Class Shares N/A USAA SMALL CAP STOCK FUND 903288645 906358.50000000 NS USD 15018360.35000000 1.681363474106 Long RF US N 1 N N N USAA Mutual Funds Trust: Intermediate-Term Bond Fund; Institutional Class Shares N/A USAA INTERMEDIATE-TERM BOND FUND 903288595 0.01000000 NS USD 0.11000000 0.000000012314 Long RF US N 1 N N N Victory Portfolios II: Victory Market Neutral Income Fund; Class I Shares 549300K0CUZCEEMBX789 VICTORY MARKET NEUTRAL INCOME FUND 92647P654 760571.11000000 NS USD 7316694.08000000 0.819132174926 Long RF US N 1 N N N VictoryShares Internatl High Div Vol Wtd Idx ETF N/A VICTORYSHARES INTL HIGH DIV VOLATILITY WTD ETF 92647N881 342991.00000000 NS USD 11648351.65000000 1.304077977983 Long RF US N 1 N N N USAA Mutual Funds Trust: Income Fund; Institutional Class Shares N/A USAA INCOME FUND 903288611 2456526.03000000 NS USD 32892883.54000000 3.682485414740 Long RF US N 1 N N N USAA Mutual Funds Trust: Capital Growth Fund; Institutional Class Shares N/A USAA CAPITAL GROWTH FUND 903287811 815508.59700000 NS USD 9035835.25000000 1.011596671895 Long RF US N 1 N N N Victory Portfolios II: VictoryShares USAA MSCI International Value Momentum ETF N/A VICTORYSHARES USAA MSCI INTERN 92647N550 798656.00000000 NS USD 36824031.52000000 4.122592621574 Long RF US N 1 N N N VictoryShares Dividend Accelerator ETF N/A VICTORYSHARES DIVIDEND ACCELERATOR ETF 92647N667 759933.00000000 NS USD 27160005.42000000 3.040667556609 Long RF US N 1 N N N VictoryShares Emerging Market Vol Wtd Idx ETF N/A VICTORYSHARES ETF 92647N857 343734.00000000 NS USD 9126000.21000000 1.021690987577 Long RF US N 1 N N N USAA Mutual Funds Trust: Precious Metals & Minerals Fund; Institutional Class Shares N/A USAA PRECIOUS METALS AND MINERALS FUND 903288561 155948.67000000 NS USD 2652686.88000000 0.296978546547 Long RF US N 1 N N N Victory Portfolios II: VictoryShares USAA MSCI Emerging Markets Value Momentum ETF N/A VICTORYSHARES USAA MSCI EMERGI 92647N543 393668.00000000 NS USD 17667819.84000000 1.977980701872 Long RF US N 1 N N N USAA Mutual Funds Trust: High Income Fund; Institutional Class Shares N/A USAA HIGH INCOME FUND 903288579 144146.68000000 NS USD 1144524.64000000 0.128133956042 Long RF US N 1 N N N VICTORY RS INTERNATIONAL R6 N/A VICTORY RS INTERNATIONAL R6 92647Q264 3296995.57000000 NS USD 35277852.60000000 3.949491916841 Long RF US N 1 N N N Victory Portfolios II: VictoryShares USAA MSCI USA Value Momentum ETF N/A VICTORYSHARES USAA MSCI USA VA 92647N576 1110074.00000000 NS USD 59855190.08000000 6.701019817799 Long RF US N 1 N N N Victory Portfolios: Victory Integrity Mid-Cap Value Fund; Class R6 Shares N/A VICTORY INTEGRITY M/C VAL-R6 92647K598 2007729.31000000 NS USD 38869639.44000000 4.351606332717 Long RF US N 1 N N N USAA Mutual Funds Trust: Target Managed Allocation Fund N/A USAA TARGET MANAGED ALLOCATION FUND 903287829 11062977.03500000 NS USD 120697079.45000000 13.51250443384 Long RF US N 1 N N N USAA Mutual Funds Trust: Short-Term Bond Fund; Institutional Class Shares N/A USAA SHORT-TERM BOND FUND 903288587 685985.11000000 NS USD 6331642.57000000 0.708851852012 Long RF US N 1 N N N Victory Portfolios II: VictoryShares USAA MSCI USA Small Cap Value Momentum ETF N/A VICTORYSHARES USAA MSCI USA SM 92647N568 246047.00000000 NS USD 13330826.46000000 1.492437534267 Long RF US N 1 N N N VictoryShares US Multi-Factor Minimum Vol ETF 5493004HRSYZ4WW5CD82 VICTORYSHARES US MULTI-FACTOR MIN VOL WTD ETF 92647N691 704349.00000000 NS USD 23299864.92000000 2.608509911542 Long RF US N 1 N N N Victory Portfolios II: VictoryShares USAA Core Intermediate-Term Bond ETF N/A VICTORYSHARES USAA CORE INTERM 92647N527 19425.00000000 NS USD 1008934.50000000 0.112954115930 Long RF US N 1 N N N USAA Mutual Funds Trust: Government Securities Fund; Institutional Class Shares N/A USAA GOVERNMENT SECURITIES FUND 903287787 6626221.75000000 NS USD 65533333.11000000 7.336709871100 Long RF US N 1 N N N Victory Portfolios: Victory Trivalent International Fund-Core Equity; Class R6 Shares N/A VICTORY TRIVALENT INTL FUND-C/E-R6 92646A120 3444387.35000000 NS USD 25522910.26000000 2.857388427496 Long RF US N 1 N N N VictoryShares International Volatility Wtd Idx ETF 549300PQPRGG1DP3EJ39 VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF 92647N840 345702.00000000 NS USD 13756830.82000000 1.540130368506 Long RF US N 1 N N N USAA Mutual Funds Trust: Growth Fund; Institutional Class Shares N/A USAA GROWTH FUND 903288678 1450721.08000000 NS USD 37704240.87000000 4.221135459552 Long RF US N 1 N N N USAA Mutual Funds Trust: Global Managed Volatility Fund; Institutional Class Shares N/A USAA GLOBAL MANAGED VOLATILITY FUND 903288710 20676682.74400000 NS USD 229717945.29000000 25.71781163563 Long RF US N 1 N N N USAA Mutual Funds Trust: Income Stock Fund; Institutional Class Shares N/A USAA INCOME STOCK FUND 903288660 1127204.43000000 NS USD 20075510.90000000 2.247531019674 Long RF US N 1 N N N 2020-01-30 USAA Mutual Funds Trust James K. De Vries James K. De Vries Treasurer