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        <name>ALPHABET INC.</name>
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        <name>ADOBE INC.</name>
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        <name>FISERV, INC.</name>
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        <name>SYNOPSYS, INC.</name>
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        <name>GARTNER, INC.</name>
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        <name>COSTAR GROUP, INC.</name>
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        <name>MICRON TECHNOLOGY, INC.</name>
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        <name>MASIMO CORPORATION</name>
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        <name>STMicroelectronics N.V.</name>
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        <name>NVIDIA CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZOETIS INC.</name>
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        <name>GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND</name>
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        <name>DOLLAR GENERAL CORPORATION</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
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        <name>AMAZON.COM, INC.</name>
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        <name>JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY</name>
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        <name>APTIV PLC</name>
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        <name>SQUARE, INC.</name>
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        <name>TWITTER, INC.</name>
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        <name>CAESARS ENTERTAINMENT, INC.</name>
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        <name>THE TJX COMPANIES, INC.</name>
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        <title>TJX COS., INC.</title>
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        <name>APPLE INC.</name>
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        <title>APPLE, INC.</title>
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        <name>FACEBOOK, INC.</name>
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        <name>Fate Therapeutics Inc</name>
        <lei>549300L14Q4UHOODLA90</lei>
        <title>FATE THERAPEUTICS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BOOKING HOLDINGS INC.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>BOOKING HOLDINGS INC</title>
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      <invstOrSec>
        <name>TESLA, INC.</name>
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      <invstOrSec>
        <name>AIRBNB, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>THE SCOTTS MIRACLE-GRO COMPANY</name>
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        <name>IDEX CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CONSTELLATION BRANDS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ACTIVISION BLIZZARD, INC.</name>
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        <name>IHS MARKIT LTD.</name>
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        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
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        <name>ALIGN TECHNOLOGY, INC.</name>
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        <name>AUTODESK, INC.</name>
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        <name>SNAP INC.</name>
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        <name>VISA INC.</name>
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        <name>TG THERAPEUTICS, INC.</name>
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        <name>CADENCE DESIGN SYSTEMS, INC.</name>
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        <name>EPAM SYSTEMS, INC.</name>
        <lei>549300XCR4R530HJP604</lei>
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        <name>FAIR ISAAC CORPORATION</name>
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        <name>SERVICENOW, INC.</name>
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        <name>PAYPAL HOLDINGS, INC.</name>
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        <name>UBER TECHNOLOGIES, INC.</name>
        <lei>549300B2FTG34FILDR98</lei>
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        <name>SBA Communications Corporation</name>
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        <title>SBA COMMUNICATIONS CORP</title>
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        <curCd>USD</curCd>
        <valUSD>13353168.40000000</valUSD>
        <pctVal>0.573607963541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIPOTLE MEXICAN GRILL, INC.</name>
        <lei>N/A</lei>
        <title>CHIPOTLE MEXICAN GRILL, INC.</title>
        <cusip>169656105</cusip>
        <identifiers>
          <isin value="US1696561059"/>
        </identifiers>
        <balance>9871.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18394016.24000000</valUSD>
        <pctVal>0.790146119686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED PARCEL SERVICE, INC.</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE, INC.</title>
        <cusip>911312106</cusip>
        <identifiers>
          <isin value="US9113121068"/>
        </identifiers>
        <balance>108673.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20795665.28000000</valUSD>
        <pctVal>0.893313021630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANCED MICRO DEVICES, INC.</name>
        <lei>R2I72C950HOYXII45366</lei>
        <title>ADVANCED MICRO DEVICES, INC.</title>
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        <identifiers>
          <isin value="US0079031078"/>
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        <balance>171383.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18199160.77000000</valUSD>
        <pctVal>0.781775772965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHOPIFY INC.</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>SHOPIFY INC</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
        </identifiers>
        <balance>19606.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29407627.58000000</valUSD>
        <pctVal>1.263254447442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>USAA Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>James K. De Vries</ncom:signature>
      <ncom:signerName>James K. De Vries</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
