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        <isRestrictedSec>N</isRestrictedSec>

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        <name>VISA INC.</name>
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        <name>CUMMINS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SPDR Bloomberg High Yield Bond ETF</name>
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        <name>iShares Core S&amp;P 500 ETF</name>
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        <name>JPMORGAN CHASE &amp; CO.</name>
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        <name>Vanguard Developed Markets Index Fund</name>
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        <name>JPMorgan BetaBuilders MSCI US REIT ETF</name>
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        <name>iShares MSCI Canada ETF</name>
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        <name>Philip Morris International Inc.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>DIGITAL REALTY TRUST, INC.</name>
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        <name>Vanguard 500 Index Fund</name>
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        <name>Altria Group, Inc.</name>
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        <name>ASX SPI 200 INDEX FUTURE SEP22</name>
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        <name>MASTERCARD INCORPORATED.</name>
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        <name>Vanguard Small Cap Value ETF</name>
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        <name>WALGREENS BOOTS ALLIANCE, INC.</name>
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        <name>VictoryShares USAA Core Short-Term Bond ETF</name>
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        <name>TOPIX INDX FUTR SEP22</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares Core MSCI Emerging Markets ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FTSE 100 INDEX FUTURE SEP22</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
          <ticker value="XU22"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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          <isin value="N/A"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>HONG KONG FUTURES EXCHANGE LTD.</counterpartyName>
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      <invstOrSec>
        <name>MICROSOFT CORPORATION</name>
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        <name>MOTOROLA SOLUTIONS, INC.</name>
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        <name>SPDR Gold Shares</name>
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        <name>LENNAR CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TERADYNE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMERICAN TOWER CORPORATION</name>
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        <name>MASCO CORPORATION</name>
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        <name>First Trust TCW Securitized Plus ETF</name>
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        <name>PROLOGIS, INC.</name>
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        <name>CARDINAL HEALTH, INC.</name>
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        <name>iShares Core S&amp;P Small-Cap ETF</name>
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        <name>AT&amp;T INC.</name>
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        <name>SKYWORKS SOLUTIONS, INC.</name>
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        <name>VictoryShares USAA Core Intermediate-Term Bond ETF</name>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
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        <name>APPLE INC.</name>
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        <name>iShares Barclays 7-10 Year Treasury Bond Fund</name>
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        <name>VictoryShares ESG Core Plus Bond ETF</name>
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        <name>Schwab Fundamental EM Large Company Index ETF</name>
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        <name>Federal National Mortgage Association</name>
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        <title>FANNIE MAE ACES</title>
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        <name>NUCOR CORPORATION</name>
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        <name>Invesco DB Commodity Index Tracking Fund</name>
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        <name>VictoryShares USAA MSCI Emg Mkts Val Momentum ETF</name>
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        <name>OMNICOM GROUP INC.</name>
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        <name>ONEOK, INC.</name>
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        <name>GILEAD SCIENCES, INC.</name>
        <lei>549300WTZWR07K8MNV44</lei>
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        <name>Vanguard Short-Term Bond Index Fund</name>
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        <title>VANGUARD SHORT TERM BOND ETF</title>
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        <name>EQUINIX, INC.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>EQUINIX INC</title>
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        <name>MEDTRONIC PUBLIC LIMITED COMPANY</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>MEDTRONIC PLC</title>
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        <name>Evergy, Inc.</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>EVERGY INC</title>
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        <name>Schwab Fundamental Intl Large Company Index ETF</name>
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        <name>WisdomTree Emerging Markets SmallCap Dividend Fund</name>
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        <name>Spdr S&amp;P Emerging Markets Small Cap Etf</name>
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        <name>REGIONS FINANCIAL CORPORATION</name>
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        <name>Vanguard Idx Fund</name>
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        <name>Vanguard FTSE All World ex US Index Fund Investor Shares</name>
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        <name>Invesco FTSE RAFI Developed Mkts ex-US ETF</name>
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        <name>INTEL CORPORATION</name>
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        <name>Vanguard Real Estate Index Fund</name>
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        <name>iShares Core US Aggregate Bond ETF</name>
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        <name>Schwab Fundamental Intl Small Company Index ETF</name>
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        <name>iShares JPMorgan USD Emerging Markets Bond ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares MSCI Intl Momentum Factor ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WHIRLPOOL CORPORATION</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DISCOVER FINANCIAL SERVICES</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE SOUTHERN COMPANY</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BEST BUY CO., INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NP SPE II LLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

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        <name>EOG RESOURCES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ACCENTURE PUBLIC LIMITED COMPANY</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KLA CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TARGET CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>EXXON MOBIL CORPORATION</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>CINTAS CORPORATION</name>
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        <balance>266.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Garmin Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LOCKHEED MARTIN CORPORATION</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE INTERPUBLIC GROUP OF COMPANIES, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>United States of America</name>
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        <name>APPLIED MATERIALS, INC.</name>
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      <invstOrSec>
        <name>PFIZER INC.</name>
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          <isin value="US7170811035"/>
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        <name>LyondellBasell Industries N.V.</name>
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      <invstOrSec>
        <name>JPMorgan BetaBuilders Canada ETF</name>
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        <title>JPMORGAN BETABUILDERS CANADA ETF</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-09-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
