USAA SMALL CAP STOCK FUND

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 2020-12-31 2020-03-31 N 718522709.27 4994742.14 713527967.13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1598822.39 USD N USAA Mutual Funds Trust: Small Cap Stock Fund; Institutional Class Shares N/A USAA SMALL CAP STOCK FUND 903288645 1130819.88000000 NS USD 12925271.23000000 1.811459651958 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 5634805.32200000 NS USD 57136925.97000000 8.007664534835 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 294551.94500000 NS USD 2606784.71000000 0.365337426153 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 2672786.75000000 0.374587524683 Long RF US N 1 N N N VictoryShares US 500 Volatility Wtd Index ETF N/A VICTORYSHARES US 500 VOLITILITY 92647N766 457233.00000000 NS USD 19388965.37000000 2.717337828815 Long RF US N 1 N N N VictoryShares USAA MSCI Emg Mkts Val Momentum ETF N/A VICTORYSHARES USAA MSCI EMERGI 92647N543 437570.00000000 NS USD 14450092.90000000 2.025161390396 Long RF US N 1 N N N USAA Mutual Funds Trust: Target Managed Allocation Fund N/A USAA TARGET MANAGED ALLOCATION FUND 903287829 11062977.12000000 NS USD 99345534.54000000 13.92314514868 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 1510897.85200000 NS USD 20034505.52000000 2.807809426249 Long RF US N 1 N N N VictoryShares USAA Core Intermediate-Term Bond ETF N/A VICTORYSHARES USAA CORE INTERM 92647N527 19425.00000000 NS USD 988149.75000000 0.138487879315 Long RF US N 1 N N N VictoryShares Dividend Accelerator ETF N/A VICTORYSHARES DIVIDEND ACCELERATOR ETF 92647N667 839626.00000000 NS USD 24232194.10000000 3.396109923689 Long RF US N 1 N N N VictoryShares Emerging Market Vol Wtd Idx ETF N/A VICTORYSHARES ETF 92647N857 355385.00000000 NS USD 6738099.60000000 0.944335738808 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 7902512.64000000 1.107526684873 Long RF US N 1 N N N VictoryShares International Volatility Wtd Idx ETF 549300PQPRGG1DP3EJ39 VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF 92647N840 392881.00000000 NS USD 11948139.82000000 1.674515978407 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 18975162.06000000 2.659343842726 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 631362.94000000 NS USD 5991634.30000000 0.839719615210 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 3842669.34400000 NS USD 21326814.86000000 2.988924869445 Long RF US N 1 N N N VictoryShares USAA MSCI International Val Mom ETF N/A VICTORYSHARES USAA MSCI INTERN 92647N550 925868.00000000 NS USD 31895411.91000000 4.470099754925 Long RF US N 1 N N USAA Mutual Funds Trust: Global Managed Volatility Fund; Institutional Class Shares N/A USAA GLOBAL MANAGED VOLATILITY FUND 903288710 20836278.64400000 NS USD 181900712.56000000 25.49314405876 Long RF US N 1 N N N USAA Mutual Funds Trust: Income Fund; Institutional Class Shares N/A USAA INCOME FUND 903288611 1732921.35000000 NS USD 22268039.35000000 3.120836235693 Long RF US N 1 N N N USAA Mutual Funds Trust: Growth Fund; Institutional Class Shares N/A USAA GROWTH FUND 903288678 1384486.46000000 NS USD 31317083.73000000 4.389047826109 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 24.29000000 NS USD 249.70000000 0.000034995124 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 25698935.17000000 3.601671742926 Long RF US N 1 N N N VICTORY RS INTERNATIONAL R6 N/A VICTORY RS INTERNATIONAL R6 92647Q264 3708557.18400000 NS USD 30447254.48000000 4.267142408232 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 2092831.15000000 0.293307515109 Long RF US N 1 N N N VictoryShares USAA MSCI USA SmCp Value Mom ETF N/A VICTORYSHARES USAA MSCI USA SM 92647N568 315984.00000000 NS USD 11552375.04000000 1.619050068418 Long RF US N 1 N N VictoryShares USAA MSCI USA Value Momentum ETF N/A VICTORYSHARES USAA MSCI USA VA 92647N576 1225153.00000000 NS USD 47062414.77000000 6.595735127145 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 146255.03000000 NS USD 956507.90000000 0.134053315926 Long RF US N 1 N N N USAA Mutual Funds Trust: International Fund; Institutional Class Shares N/A USAA INTERNATIONAL FUND 903288637 0.01000000 NS USD 0.19000000 0.000000026628 Long RF US N 1 N N N HSBC US GOVERNMENT MONEY MARKET FUND N/A HSBC US GOVERNMENT MONEY MARKET FUND I SHARES - HGIXX 1.63% 5/30/2018 - Extendable 40428X107 4868900.00000000 NS USD 4868900.00000000 0.682369889379 Long STIV RF US N 1 N N 2020-04-30 USAA Mutual Funds Trust James K. De Vries James K. De Vries Treasurer XXXX