| |
2 |
|
3 |
|
3 |
|
7 |
|
8 |
|
43 |
|
45 |
|
48 |
|
50 |
|
53 |
|
60 |
|
63 |
|
71 |
|
73 |
|
76 |
|
78 |
|
79 |
|
80 |
Amount
of Purchase |
Initial
Sales Charge:
%
of Offering Price |
Concession
to Dealers:
%
of Offering Price |
Less
than $100,000 |
2.25% |
2.00% |
$100,000
to $249,999 |
1.75% |
1.50% |
Over
$250,000 |
0.00% |
0.00% |
NAV
per share |
$
10.00 |
Per
Share Sales Charge—2.25% of public offering price (2.30% of net asset
value per share) for each Fund |
$0.23 |
Per
Share Offering Price to the Public |
$10.23 |
Regular
Broker-Dealer |
Type
of Security
(Debt
or Equity) |
Value
of
Securities
($000s) |
USAA
500 Index Fund |
| |
Bank
of America Corp. |
Equity |
$93,434 |
Citigroup,
Inc. |
Equity |
$32,497 |
Morgan
Stanley |
Equity |
$40,576 |
Wells
Fargo & Co. |
Equity |
$52,438 |
USAA
Extended Market Index Fund |
| |
Jefferies
Financial Group, Inc. |
Equity |
$1,081 |
RBC
Bearings, Inc. |
Equity |
$679 |
USAA
Ultra Short-Term Bond Fund |
| |
Bank
of America Corp. |
Debt |
$1,507 |
Barclays
PLC |
Debt |
$1,001 |
Citigroup,
Inc. |
Debt |
$1,390 |
UBS
Group Funding Switzerland A |
Debt |
$2,003 |
Fund |
2021 |
2020 |
2019 |
USAA
Extended Market Index Fund |
$137,265 |
$155,687 |
$205,509 |
USAA
500 Index Fund |
$166,862 |
$239,971 |
$293,604 |
USAA
Nasdaq-100 Index Fund |
$41,184 |
$76,677 |
$36,083 |
USAA
Global Managed Volatility Fund |
$328,171 |
$687,404 |
$294,531 |
USAA
Ultra Short-Term Bond Fund |
$- |
$
- |
$109 |
Fund |
Total
Amount of
Transactions |
Total
Brokerage Commissions Paid to
Brokers
that Provided Research |
USAA
Global Managed Volatility Fund |
$136,590,409 |
$69,523 |
Fund |
2021 |
2020 |
USAA
Extended Market Index Fund |
24% |
31% |
USAA
500 Index Fund |
8% |
5% |
USAA
Nasdaq-100 Index Fund |
10% |
17% |
USAA
Global Managed Volatility Fund |
40% |
86% |
USAA
Ultra Short-Term Bond Fund |
57% |
39% |
Fund |
Short-Term
Amount (000s) |
Long-Term
Amount (000s) |
USAA
Ultra Short-Term Bond Fund |
$1,926 |
$363 |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
Jefferson
C.
Boyce
(September
1957) |
Independent
Chair |
Trustee
since
September
2013,
Independent
Chair
since
January
2021 |
Retired.
|
45 |
Westhab,
Inc.,
New
York
Theological
Seminary,
American
Filtration
Corp. |
Dawn
M.
Hawley
(February
1954) |
Trustee |
Trustee
since
April
2014 |
Retired. |
45 |
None |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
Daniel
S.
McNamara
(June
1966) |
Trustee |
Trustee
since
January
2012 |
Trustee,
President, and Vice Chairman of
USAA
ETF Trust (6/17-6/19); President of
Financial
Advice & Solutions Group
(FASG),
USAA (02/13-03/21); Director of
USAA
Asset Management Company
(AMCO),
(08/11-06/19); Chairman of Board
of
AMCO (04/13/-06/19); Director of USAA
Investment
Services Company (ISCO)
(formerly
USAA Investment Management
Company)
(09/09-03/21); Chairman of
Board
of ISCO (04/13-12/20); President and
Director
of USAA Shareholder Account
Services
(SAS) (10/09-06/19); Chairman of
Board
of SAS (04/13/-06/19); Senior Vice
President
of USAA Financial Planning
Services
Insurance Agency, Inc. (FPS)
(04/11-03/21);
Director and Vice Chairman
of
FPS (12/13-03/21); President and Director
of
USAA Investment Corporation (ICORP)
(03/10-03/21);
Chairman of Board of ICORP
(12/13-03/21);
Director of USAA Financial
Advisors,
Inc. (FAI) (12/13-03/21);
Chairman
of Board of FAI (3/15-03/21). |
45 |
None |
Paul
L.
McNamara
(July
1948) |
Trustee |
Trustee
since
January
2012 |
Retired.
|
45 |
None |
Richard
Y.
Newton,
III
(January
1956) |
Trustee |
Trustee
since
March
2017 |
Director,
Elta North America (01/18-08/19),
which
is a global leader in the design,
manufacture,
and support of innovative
electronic
systems in the ground, maritime,
airborne,
and security domains for the
nation’s
warfighters, security personnel, and
first
responders; Managing Partner, Pioneer
Partnership
Development Group
(12/15-present).
|
45 |
Terran
Orbital
Corp.,
American
Made
Filtration
Corp. |
Barbara
B.
Ostdiek,
Ph.D.
(March
1964) |
Trustee |
Trustee
since
January
2008 |
Senior
Associate Dean of Degree programs
at
Jesse H. Jones Graduate School of
Business
at Rice University (07/13-present);
Associate
Professor of Finance at Jesse H.
Jones
Graduate School of Business at Rice
University
(07/01-07/21); Professor of
Finance
at Jesse H. Jones Graduate School
of
Business at Rice University
(07/21-present).
|
45 |
None |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
John
C.
Walters
(February
1962) |
Trustee |
Trustee
since
July
2019 |
Retired.
|
45 |
Guardian
Variable
Products
Trust
(16
series) |
Name
and
Date
of Birth |
Position(s)
Held
with
Fund |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s) Held
During
the Past Five Years |
Number
of
Portfolios
in
Fund
Complex
Overseen
by
Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
David
C.
Brown
(May
1972) |
Trustee |
Trustee
since
July
2019 |
Chairman
and Chief Executive Officer
(2013-present),
Victory Capital
Management
Inc.; Chief Executive Officer
and
Chairman (2013-present), Victory
Capital
Holdings, Inc.; Director, Victory
Capital
Services, Inc. (2013-present);
Director,
Victory Capital Transfer Agency,
Inc.
(2019-present). |
45
portfolios
within
the
Trust;
40
portfolios
within
the
Victory
Portfolios,
25
series
within
the
Victory
Portfolios
II,
and
6 series
within
the
Victory
Variable
Insurance
Funds |
None |
Name
and
Date
of
Birth |
Position(s)
Held
with
Fund |
Term
of
Office
and
Length
of
Time
Served |
Principal
Occupation(s) Held
During
the Past Five Years |
Christopher
K. Dyer
(February
1962) |
President |
July
2019 |
Director
of Mutual Fund Administration,
Victory
Capital Management Inc.
(2004-present).
Chief Operating Officer,
Victory
Capital Services, Inc. (2020-present).
Vice
President, Victory Capital Transfer
Agency,
Inc. (2019-present). |
Scott
Stahorsky
(July
1969) |
Vice
President |
July
2019 |
Manager,
Fund Administration, Victory
Capital
Management Inc. (2015-present). |
James
K. De Vries
(April
1969) |
Treasurer |
March
2018 |
Executive
Director, Victory Capital
Management
Inc. (7/1/19-present); Executive
Director,
Investment and Financial
Administration,
USAA (2012-6/30/19);
Assistant
Treasurer, USAA Mutual Funds
Trust
(2013-2018). Mr. De Vries also serves
as
the Funds’ Principal Financial Officer. |
Allan
Shaer
(March
1965) |
Assistant
Treasurer |
July
2019 |
Senior
Vice President, Financial
Administration,
Citi Fund Services Ohio,
Inc.
(2016-present); Vice President, Mutual
Fund
Administration, JP Morgan Chase Bank
(2011-2016). |
Name
and
Date
of
Birth |
Position(s)
Held
with
Fund |
Term
of
Office
and
Length
of
Time
Served |
Principal
Occupation(s) Held
During
the Past Five Years |
Carol
D. Trevino
(October
1965) |
Assistant
Treasurer |
September
2018 |
Director,
Accounting and Finance, Victory
Capital
Management Inc. (7/1/19-present);
Accounting/
Financial Director, USAA
(12/13-6/30/19). |
Charles
Booth
(April
1960) |
Anti-Money
Laundering
Compliance
Officer and
Identity
Theft Officer |
July
2019 |
Director,
Regulatory Administration and
CCO
Support Services, City Fund Services
Ohio,
Inc. (2007-present). |
Colin
Kinney
(October
1973) |
Chief
Compliance Officer |
July
2021 |
Chief
Compliance Officer, the Adviser (since
2013),
Chief Compliance Officer, Victory
Funds
(since 2017), and Chief Risk Officer,
the
Adviser (2009-2017). |
Sean
Fox
(September
1976) |
Deputy
Chief Compliance
Officer |
July
2021 |
Senior
Compliance Officer, the Adviser
(2019-2021),
Compliance Officer, the
Adviser
(2015-2019). |
Trustee |
Dollar
Range of Beneficial
Ownership
of Fund Shares |
Aggregate
Dollar Range
of
Beneficial Ownership
of
Shares of All Series
of
the USAA Mutual
Fund
Complex |
Independent
Trustees |
|
|
Jefferson
C. Boyce |
None |
$50,001-$100,000 |
Dawn
Hawley |
USAA
Ultra Short-Term Bond Fund: $10,000-$50,000 |
Over
$100,000 |
Daniel
S. McNamara |
USAA
Ultra Short-Term Bond Fund: Over $100,000 |
Over
$100,000 |
Paul
L. McNamara |
None |
Over
$100,000 |
Richard
Y. Newton, III |
None |
None |
Barbara
B. Ostdiek, Ph.D. |
USAA
500 Index Fund: $10,001-$50,000
USAA
Nasdaq-100 Index Fund: $10,001-$50,000 |
Over
$100,000 |
John
C. Walters |
None |
Over
$100,000 |
Interested
Trustee |
|
|
David
C. Brown |
None |
None |
Name
of Trustee |
Aggregate
Compensation
from
Funds
Listed in this SAI |
Total
Compensation
from
the USAA Mutual Funds (b)
|
Interested
Trustee |
|
|
David
C. Brown |
None
(a)
|
None
(a)
|
Independent
Trustees |
|
|
Jefferson
C. Boyce |
$36,685 |
$337,500 |
Dawn
Hawley |
$31,359 |
$288,500 |
Daniel
S. McNamara |
$14,674 |
$135,000 |
Paul
L. McNamara |
$30,924 |
$284,500 |
Richard
Y. Newton, III |
$29,620 |
$272,500 |
Barbara
B. Ostdiek, Ph.D. |
$30,924 |
$284,500 |
John
C. Walters |
$30,924 |
$284,500 |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1
|
USAA
Extended Market Index
Fund |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
32.13% |
Record |
USAA
500 Index Fund Reward
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
27.21% |
Record |
USAA
500 Index Fund Reward
Shares |
Gerlach
& CO, LLC/
Citibank
Open WE1
3800
Citigroup Ctr Building B3 14 Tampa,
FL
33610 |
5.13% |
Record |
USAA
500 Index Fund
Member
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
33.53% |
Record |
USAA
500 Index Fund
Member
Shares |
National
Financial Services LLC
Newport
Office Center III
5th
Floor
499
Washington Blvd
Jersey
City, NJ 07310 |
5.45% |
Record |
USAA
Nasdaq-100 Index Fund
Shares |
Charles
Schwab
211
Mail Street
San
Francisco, CA 94105 |
37.82% |
Record |
USAA
Nasdaq-100 Index Fund
Shares |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
11.46% |
Record |
USAA
Nasdaq-100 Index Fund
Shares |
TD
Ameritrade Clearing, Inc.
200
South 108th
Avenue
Omaha,
NE 68154 |
5.16% |
Record |
USAA
Nasdaq-100 Index Fund
Institutional
Shares |
UBS
Financial Services Inc.
C/O
Central Deposit/Mutual Funds
1000
Harbor Blvd 7th
FL
A/C
YY011410610
Weehawken,
NJ 07086-6727 |
25.20% |
Record |
USAA
Nasdaq-100 Index Fund
Institutional
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
13.16% |
Record |
USAA
Nasdaq-100 Index Fund
Institutional
Shares |
Pershing
LLC
One
Pershing Plaza
Product
Support, 14th
Floor
Jersey
City, NJ 07399 |
6.40% |
Record |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1 |
USAA
Nasdaq-100 Index Fund
Class
A |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
90.93% |
Record |
USAA
Nasdaq-100 Index Fund
Class
A |
TD
Ameritrade Clearing, Inc.
200
South 108th
Avenue
Omaha,
NE 68154 |
6.71% |
Record |
USAA
Nasdaq-100 Index Fund
Class
C |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
60.79% |
Record |
USAA
Nasdaq-100 Index Fund
Class
C |
Pershing
LLC
One
Pershing Plaza
Product
Support, 14th
Floor
Jersey
City, NJ 07399 |
13.31% |
Record |
USAA
Nasdaq-100 Index Fund
Class
C |
Raymond
James & Associates, Inc.
880
Carillon Parkway
St.
Petersburg, FL 337332449 |
6.43% |
Record |
USAA
Nasdaq-100 Index Fund
R6
Shares |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
37.89% |
Record |
USAA
Nasdaq-100 Index Fund
R6
Shares |
Nationwide
Investment Services Corp
CO
IPO Portfolio Accounting
PO
Box 182029
Columbus,
Oh 43218 |
16.67% |
Record |
USAA
Nasdaq-100 Index Fund
R6
Shares |
Great-West
Trust Company LLC
FBO
Employee Benefits Clients 401k
8515
E Orchard Rd 2T2
Greenwood
Village, CO 80111 |
11.92% |
Record |
USAA
Nasdaq-100 Index Fund
R6
Shares |
Matrix
Trust Company Cust
Scioto
County CTC OH 403 B
717
17th
Street
Suite
1300
Denver,
CO 80202 |
11.03% |
Record |
USAA
Nasdaq-100 Index Fund
R6
Shares |
Ascensus
Trust Company
Mercury
International Trading Corp
238042
PO
Box 10758
Fargo,
ND 58106 |
6.25% |
Record |
USAA
Global Managed
Volatility
Fund Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
59.97% |
Record |
USAA
Global Managed
Volatility
Fund Institutional
Shares |
Gerlach
& CO, LLC/
Citibank
Open WE1
3800
Citigroup Ctr Building B3 14 Tampa,
FL
33610 |
99.99% |
Record |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1 |
USAA
Ultra Short-Term Bond
Fund
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
40.23% |
Record |
USAA
Ultra Short-Term Bond
Fund
Shares |
National
Financial
for
the exclusive benefits
of
its customers
499
Washington Blvd
Jersey
City, NJ 07310 |
5.33% |
Record |
USAA
Ultra Short-Term Bond
Fund
Institutional Shares |
National
Financial
for
the exclusive benefits
of
its customers
499
Washington Blvd
Jersey
City, NJ 07310 |
62.03% |
Record |
USAA
Ultra Short-Term Bond
Fund
Institutional Shares |
UBS
Financial Services Inc.
C/O
Central Deposit/Mutual Funds
1000
Harbor Blvd 7th
FL
A/C
YY011410610
Weehawken,
NJ 07086-6727 |
28.24% |
Record |
USAA
Ultra Short-Term Bond
Fund
Class A |
Edward
D. Jones & Co., LP
12555
Manchester Road
St
Louis, MO 63131-3729 |
50.88% |
Record |
USAA
Ultra Short-Term Bond
Fund
Class A |
Victory
Capital Management Inc.
4900
Tiedeman Road 4th
Floor
C/O
Cathy Savvas Controller
Brooklyn,
OH 44144 |
32.16% |
Beneficial |
USAA
Ultra Short-Term Bond
Fund
Class A |
Pershing
LLC
One
Pershing Plaza
Product
Support, 14th
Floor
Jersey
City, NJ 07399 |
16.96% |
Record |
USAA
Ultra Short-Term Bond
Fund
R6 Shares |
Matrix
Trust Company as Custodian
PO
Box 52129
Phoenix,
AZ 85072-2129 |
87.95% |
Record |
USAA
Ultra Short-Term Bond
Fund
R6 Shares |
Nationwide
Investment Services Corp
CO
IPO Portfolio Accounting
PO
Box 182029
Columbus,
OH 43218 |
11.36% |
Record |
Fund |
2019* |
USAA
Extended Market Index Fund |
$369,018 |
USAA
500 Index Fund |
$3,637,103 |
USAA
Nasdaq-100 Index Fund |
$2,015,765 |
USAA
Global Managed Volatility Fund |
$3,032,607 |
Fund |
2019* |
USAA
Ultra Short-Term Bond Fund |
$357,499 |
Fund |
2021 |
2020 |
2019 |
USAA
Extended Market Index Fund |
$994,383 |
$725,660 |
$381,835 |
USAA
500 Index Fund |
$10,021,720 |
$7,926,789 |
$3,901,852 |
USAA
Nasdaq-100 Index Fund |
$8,104,460 |
$5,880,928 |
$2,262,736 |
USAA
Global Managed Volatility Fund |
$3,711,458 |
$5,309,537 |
$3,083,960 |
USAA
Ultra Short-Term Bond Fund |
$836,692 |
$629,860 |
$357,114 |
USAA
Ultra Short-Term Bond Fund |
Over/Under
Performance
Relative
to Index
(in
basis points) 1
|
Annual
Adjustment Rate
(in
basis points as a percentage
of
a Fund’s average daily net assets) |
+/-
20 to 50 |
+/–
4 |
+/–
51 to 100 |
+/–
5 |
+/–
101 and greater |
+/–
6 |
|
Examples | |||||
|
1 |
2 |
3 |
4 |
5 |
6 |
Fund
Performance (a) |
6.80% |
5.30% |
4.30% |
-7.55% |
-5.20% |
-3.65% |
Index
Performance (a) |
4.75% |
5.15% |
4.70% |
-8.50% |
-3.75% |
-3.50% |
Over/Under
Performance (b) |
205 |
15 |
-40 |
95 |
-145 |
-15 |
Annual
Adjustment Rate (b) |
6 |
- |
-4 |
5 |
-6 |
- |
Monthly
Adjustment Rate (c) |
0.00% |
n/a |
0.00% |
0.00% |
0.00% |
n/a |
Base
Fee for Month |
$221,918 |
$221,918 |
$221,918 |
$221,918 |
$221,918 |
$221,918 |
Performance
Adjustment |
41,650 |
- |
-28,050 |
34,850 |
-41,650 |
- |
Monthly
Fee |
$263,568 |
$221,918 |
$193,868 |
$256,768 |
$180,268 |
$221,918 |
Fund |
2019 |
USAA
500 Index Fund - Member Shares |
$207,940 |
USAA
500 Index Fund - Reward Shares |
$576,871 |
USAA
Nasdaq-100 Index Fund R6 Shares |
$2,285 |
USAA
Global Managed Volatility Fund Shares |
$21,641 |
USAA
Global Managed Volatility Fund Institutional Shares |
$213,162 |
USAA
Ultra Short-Term Bond Fund Institutional Shares |
$12,598 |
USAA
Ultra Short-Term Bond Fund R6 Shares |
$11,083 |
Fund |
2021 |
2020 |
2019 |
USAA
500 Index Fund - Member Shares |
$1,849,281 |
$65,838 |
$163,790 |
USAA
500 Index Fund - Reward Shares |
$- |
$1,427,262 |
$698,530 |
USAA
Nasdaq-100 Index Fund Shares |
$11,000 |
$- |
$- |
USAA
Nasdaq-100 Index Fund Institutional Shares |
$- |
$4,867 |
$1,639 |
USAA
Nasdaq-100 Index Fund Class A |
$7,740 |
$8,629 |
$- |
USAA
Nasdaq-100 Index Fund Class C |
$2,319 |
$8,716 |
$- |
USAA
Global Managed Volatility Fund Shares |
$16,279 |
$25,447 |
$- |
USAA
Global Managed Volatility Fund Institutional Shares |
$407,471 |
$378,032 |
$236,264 |
USAA
Ultra Short-Term Bond Fund Shares |
$- |
$- |
$16,250 |
USAA
Ultra Short-Term Bond Fund Institutional Shares |
$- |
$9,883 |
$- |
USAA
Ultra Short-Term Bond Fund Class A |
$11,401 |
$10,148 |
$- |
USAA
Ultra Short-Term Bond Fund R6 Shares |
$97 |
$6,964 |
$10,290 |
Fund |
2019 |
USAA
Global Managed Volatility Fund Shares |
$56 |
USAA
Global Managed Volatility Fund Institutional Shares |
$5,095 |
Fund |
2021 |
2020 |
2019 |
USAA
Global Managed Volatility Fund Shares |
$– |
$404 |
$142 |
USAA
Global Managed Volatility Fund Institutional Shares |
$– |
$34,223 |
$12,507 |
Fund |
2019 |
USAA
Extended Market Index Fund Shares |
$553,527 |
USAA
500 Index Fund Member Shares |
$981,002 |
USAA
500 Index Fund Reward Shares |
$1,201,514 |
USAA
Nasdaq-100 Index Fund Shares |
$1,500,975 |
USAA
Nasdaq-100 Index Fund R6 Shares |
$3,616 |
USAA
Global Managed Volatility Fund Shares |
$8,174 |
USAA
Global Managed Volatility Fund Institutional Shares |
$249,992 |
USAA
Ultra Short-Term Bond Fund Shares |
$210,672 |
USAA
Ultra Short-Term Bond Fund Institutional Shares |
$6,024 |
USAA
Ultra Short-Term Bond Fund R6 Shares |
$1,243 |
Fund |
2021 |
2020 |
2019 |
USAA
Extended Market Index Fund Shares |
$1,491,593 |
$1,088,516 |
$572,757 |
USAA
500 Index Fund Member Shares |
$2,521,694 |
$2,097,868 |
$1,048,889 |
USAA
500 Index Fund Reward Shares |
$3,491,265 |
$2,658,147 |
$1,292,128 |
USAA
Nasdaq-100 Index Fund Shares |
$5,901,071 |
$4,343,992 |
$1,684,179 |
USAA
Nasdaq-100 Index Fund Institutional Shares |
$75,957 |
$18,491 |
$- |
USAA
Nasdaq-100 Index Fund Class A |
$5,753 |
$28 |
$- |
USAA
Nasdaq-100 Index Fund Class C |
$1,728 |
$70 |
$- |
USAA
Nasdaq-100 Index Fund R6 Shares |
$18,607 |
$12,965 |
$4,228 |
USAA
Global Managed Volatility Fund Shares |
$17,023 |
$15,211 |
$8,587 |
USAA
Global Managed Volatility Fund Institutional Shares |
$303,621 |
$437,386 |
$254,139 |
USAA
Ultra Short-Term Bond Fund Shares |
$323,323 |
$343,517 |
$209,423 |
USAA
Ultra Short-Term Bond Fund Institutional Shares |
$66,962 |
$13,650 |
$6,412 |
USAA
Ultra Short-Term Bond Fund Class A |
$119 |
$15 |
$- |
USAA
Ultra Short-Term Bond Fund R6 Shares |
$1,960 |
$3,399 |
$1,386 |
Fund |
2019 |
USAA
Extended Market Index Fund |
$2,942 |
USAA
500 Index Fund |
$28,832 |
USAA
Nasdaq-100 Index Fund |
$7,981 |
USAA
Global Managed Volatility Fund |
$4,017 |
USAA
Ultra Short-Term Bond Fund |
$1,191 |
Fund |
2021 |
2020 |
2019 |
USAA
Extended Market Index Fund |
$6,336 |
$4,582 |
$1,850 |
USAA
500 Index Fund |
$64,194 |
$49,912 |
$18,764 |
USAA
Nasdaq-100 Index Fund |
$26,033 |
$17,141 |
$5,358 |
USAA
Global Managed Volatility Fund |
$4,153 |
$5,701 |
$2,535 |
USAA
Ultra Short-Term Bond Fund |
$1,862 |
$1,591 |
$734 |
Fund |
Gross
income
from
securities
lending
securities |
Fees
paid to
securities
lending
agent
from
a
revenue
split |
Rebate
(paid
to
borrower) |
Aggregate
fees/
compensation
for
securities
lending
activities |
Net
income
from
securities
lending
activities |
USAA
Extended Market Index
Fund |
$1,150,714 |
$115,087 |
$8 |
$115,095 |
$1,035,619 |
USAA
500 Index Fund |
$242,420 |
$24,285 |
$- |
$24,285 |
$218,135 |
USAA
Nasdaq-100 Index Fund |
$53,196 |
$5,583 |
$2 |
$5,585 |
$47,611 |
USAA
Global Managed Volatility
Fund |
$13,974 |
$1,402 |
$8 |
$1,410 |
$12,564 |
USAA
Ultra Short-Term Bond
Fund |
$3,149 |
$315 |
$1 |
$316 |
$2,833 |
Fund |
2021 |
2020 |
USAA
Nasdaq-100 Index Fund Class A |
$9,588 |
$46 |
USAA
Nasdaq-100 Index Fund Class C |
$11,520 |
$467 |
USAA
Ultra Short-Term Bond Fund Class A |
$198 |
$24 |
|
Number
of Other Accounts Managed
and
Assets by Account Type |
Number
of Accounts and Assets for Which
Advisory
Fee is Performance-Based | ||||
Portfolio
Manager |
Registered
Investment
Companies
#
of Accts
Total
Assets
(millions) |
Other
Pooled
Investment
Vehicles
#
of Accts
Total
Assets
(millions) |
Other
Accounts
#
of Accts
Total
Assets
(millions) |
Registered
Investment
Companies
#
of Accts
Total
Assets
(millions) |
Other
Pooled
Investment
Vehicles
#
of Accts
Total
Assets
(millions) |
Other
Accounts
#
of Accts
Total
Assets
(millions) |
Brian
W. Smith |
6 / $15,124 |
--
|
--
|
4 / $13,532 |
--
|
--
|
Douglas
J. Rollwitz |
2 / $3,154 |
--
|
--
|
2 / $3,154 |
--
|
--
|
R.
Neal Graves |
14 / $22,774 |
--
|
--
|
6 / $15,935 |
--
|
--
|
James
F. Jackson Jr. |
14 / $22,774 |
--
|
--
|
6 / $15,935 |
--
|
--
|
Portfolio
Manager |
Fund |
Benchmark(s) |
Brian
W. Smith |
USAA
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
Douglas
J. Rollwitz |
USAA
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
R.
Neal Graves |
USAA
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
James
F. Jackson Jr. |
USAA
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds
Index |
Portfolio
Manager |
Fund |
Dollar
Range |
Brian
W. Smith |
USAA
Ultra Short-Term Bond Fund |
$10,001-$50,000 |
Douglas
J. Rollwitz |
USAA
Ultra Short-Term Bond Fund |
$50,001-$100,000 |
R.
Neal Graves |
USAA
Ultra Short-Term Bond Fund |
$500,001-$1,000,000 |
James
F. Jackson Jr. |
USAA
Ultra Short-Term Bond Fund |
$10,001-$50,000 |
|
Number
of Other Accounts Managed
and
Assets by Account Type |
Number
of Accounts and Assets for Which
Advisory
Fee is Performance-Based | ||||
Portfolio
Manager |
Registered
Investment
Companies
#
of Accts
Total
Assets
(millions) |
Other
Pooled
Investment
Vehicles
#
of Accts
Total
Assets
(millions) |
Other
Accounts
#
of Accts
Total
Assets
(millions) |
Registered
Investment
Companies
#
of Accts
Total
Assets
(millions) |
Other
Pooled
Investment
Vehicles
#
of Accts
Total
Assets
(millions) |
Other
Accounts
#
of Accts
Total
Assets
(millions) |
Mannik
Dhillon |
60 / $60,280 |
4 / $64 |
3 / $144 |
15 / $23,633 |
--
|
--
|
Lance
Humphrey |
19 / $13,531 |
--
|
--
|
2 / $673 |
--
|
--
|
Portfolio
Manager |
Fund |
Benchmark(s) |
Mannik
Dhillon |
USAA
Global Managed Volatility Bond Fund |
Global
Managed Volatility Composite Index |
|
USAA
Extended Market Index Fund |
Dow
Jones U.S. Completion Total Stock Market
Index |
|
USAA
500 Index Fund |
Victory
US Large 500 Cap Index |
Lance
Humphrey |
USAA
Global Managed Volatility Bond Fund |
Global
Managed Volatility Composite
Index |
Portfolio
Manager |
Fund |
Dollar
Range |
Mannik
Dhillon |
USAA
Global Managed Volatility Fund |
None |
|
USAA
500 Index Fund |
None |
|
USAA
Extended Market Index Fund |
None |
|
USAA
Nasdaq-100 Fund |
None |
Lance
Humphrey |
USAA
Global Managed Volatility Fund |
None |
Aaa |
Obligations
rated Aaa are judged to be of the highest quality, subject to the lowest
level of credit risk. |
Aa |
Obligations
rated Aa are judged to be of high quality and are subject to very low
credit risk. |
A |
Obligations
rated A are judged to be upper-medium grade and are subject to low credit
risk. |
Baa |
Obligations
rated Baa are subject to moderate credit risk. They are judged to be
medium-grade and as such may possess
certain
speculative characteristics. |
Ba |
Obligations
rated Ba are judged to be speculative and are subject to substantial
credit risk. |
B |
Obligations
rated B are considered speculative and are subject to high credit
risk. |
Caa |
Obligations
rated Caa are judged to be speculative, of poor standing, and are subject
to very high credit risk. |
Ca |
Obligations
rated Ca are highly speculative and are likely in, or very near, default,
with some prospect of recovery of
principal
and interest. |
C |
Obligations
rated C are the lowest rated and typically are in default, with little
prospect for recovery of principal and
interest. |
AAA |
An
obligation rated ‘AAA’ has the highest rating assigned by S&P. The
obligor’s capacity to meet its financial commitment
on
the obligation is extremely strong. |
AA |
An
obligation rated ‘AA’ differs from the highest-rated obligation only to a
small degree. The obligor’s capacity to meet
its
financial commitment on the obligation is very
strong. |
A |
An
obligation rated ‘A’ is somewhat more susceptible to the adverse effects
of changes in circumstances and economic
conditions
than obligations in higher rated categories. However, the obligor’s
capacity to meet its financial commitment
on
the obligation is still strong. |
BBB |
An
obligation rated ‘BBB’ exhibits adequate protection parameters. However,
adverse economic conditions or changing
circumstances
are more likely to lead to a weakened capacity of the obligor to meet its
financial commitment on the
obligation. |
|
Obligations
rated ‘BB,’ ‘B,’ ‘CCC,’ ‘CC,’ and ‘C’ are regarded as having significant
speculative characteristics. ‘BB’
indicates
the least degree of speculation and ‘C’ the highest. While such
obligations will likely have some quality and
protective
characteristics, these may be outweighed by large uncertainties or major
exposures to adverse conditions. |
BB |
An
obligation rated ‘BB’ is less vulnerable to nonpayment than other
speculative issues. However, it faces major ongoing
uncertainties
or exposure to adverse business, financial, or economic conditions which
could lead to the obligor’s
inadequate
capacity to meet its financial commitment on the
obligation. |
B |
An
obligation rated ‘B’ is more vulnerable to nonpayment than obligations
rated BB, but the obligor currently has the
capacity
to meet its financial commitment on the obligation. Adverse business,
financial, or economic conditions will likely
impair
the obligor’s capacity or willingness to meet its financial commitment on
the obligation. |
CCC |
An
obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is
dependent upon favorable business, financial, and
economic
conditions for the obligor to meet its financial commitment on the
obligation. In the event of adverse business,
financial,
or economic conditions, the obligor is not likely to have the capacity to
meet its financial commitment on the
obligation. |
CC |
An
obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The
‘CC’ rating is used when a default has not yet
occurred,
but S&P expects default to be a virtual certainty, regardless of the
anticipated time to default. |
C |
An
obligation rated ‘C’ is currently highly vulnerable to nonpayment, and the
obligation is expected to have lower relative
seniority
or lower ultimate recovery compared to obligations that are rated
higher. |
D |
An
obligation rated ‘D’ is in default or in breach of an imputed promise. For
non-hybrid capital instruments, the ‘D’ rating
category
is used when payments on an obligation are not made on the date due,
unless S&P believes that such payments
will
be made within five business days in the absence of a stated grace period
or within the earlier of the stated grace period
or
30 calendar days. The ‘D’ rating also will be used upon the filing of a
bankruptcy petition or the taking of similar action
and
where default on an obligation is a virtual certainty, for example due to
automatic stay provisions. An obligation's
rating
is lowered to ‘D’ if it is subject to a distressed exchange
offer. |
NR |
This
indicates that no rating has been requested, or that there is insufficient
information on which to base a rating, or that
S&P
does not rate a particular obligation as a matter of
policy. |
AAA |
Highest
credit quality. “AAA” ratings denote the lowest expectation of credit
risk. They are assigned only in case of
exceptionally
strong capacity for timely payment of financial commitments. This capacity
is highly unlikely to be adversely
affected
by foreseeable events. |
AA |
Very
high credit quality. “AA” ratings denote a very low expectation of credit
risk. They indicate very strong capacity for
timely
payment of financial commitments. This capacity is not significantly
vulnerable to foreseeable events. |
A |
High
credit quality. “A” ratings denote a low expectation of credit risk. The
capacity for timely payment of financial
commitments
is considered strong. This capacity may, nevertheless, be more vulnerable
to adverse or economic conditions
than
is the case for higher ratings. |
BBB |
Good
credit quality. “BBB” ratings indicate that expectations of default are
currently low. The capacity for payment of
financial
commitments is considered adequate, but adverse business or economic
conditions are more likely to impair this
capacity. |
BB |
Speculative.
“BB” ratings indicate an elevated vulnerability to default risk,
particularly in the event of adverse economic
conditions
over time; however, business or financial flexibility exists that supports
the servicing of financial commitments. |
B |
Highly
speculative.
“B” ratings indicate that material default risk is present, but a limited
margin of safety remains.
Financial
commitments are currently being met; however, capacity for continued
payment is vulnerable to deterioration in
the
business and economic environment. |
CCC |
Substantial
credit risk.
Default is a real possibility. |
CC |
Very
high levels of credit risk.
Default of some kind appears probable. |
C |
Near
default.
A default or default-like process has begun, or the issuer is in
standstill, or for a closed funding vehicle,
payment
capacity is irrevocably impaired. Conditions that are indicative of a ‘C’
category rating for an issuer include: |
|
a.
the issuer has entered into a grace or cure period following non-payment
of a material financial obligation; |
|
b.
the issuer has entered into a temporary negotiated waiver or standstill
agreement following a payment default on a
material
financial obligation; |
|
c.
the formal announcement by the issuer or its agent of a distressed debt
exchange; |
|
d.
a closed financing vehicle where payment capacity is irrevocably impaired
such that it is not expected to pay interest
and/or
principal in full during the life of the transaction, but where no payment
default is imminent. |
RD |
Restricted
Default.
'RD' ratings indicate an issuer that in Fitch’s opinion has
experienced: |
|
a.
an uncured payment default on a bond, loan or other material financial
obligation, but |
|
b.
has not entered into bankruptcy filings, administration, receivership,
liquidation, or other formal winding-up procedure,
and |
|
c.
has not otherwise ceased operating. |
|
This
would include: |
|
i.
the selective payment default on a specific class or currency of debt;
|
|
ii.
the uncured expiry of any applicable grace period, cure period or default
forbearance period following a payment default
on
a bank loan, capital markets security or other material financial
obligation; |
|
iii.
the extension of multiple waivers or forbearance periods upon a payment
default on one or more material financial
obligations,
either in series or in parallel; and |
|
iv.
ordinary
execution of a distressed debt exchange on one or more material financial
obligations. |
D |
Default.
“D” ratings indicate an issuer that in Fitch’s opinion has entered into
bankruptcy filings, administration,
receivership,
liquidation, or other formal winding-up procedure or that has otherwise
ceased business. |
MIG
1 |
This
designation denotes superior credit quality. Excellent protection is
afforded by established cash flows, high reliable
liquidity
support, or demonstrated broad-based access to the market for
refinancing. |
MIG
2 |
This
designation denotes strong credit quality. Margins of protection are
ample, although not as large as in the preceding
group. |
MIG
3 |
This
designation denotes acceptable credit quality. Liquidity and cash-flow
protection may be narrow, and market access
for
refinancing is likely to be less
well-established. |
SG |
This
designation denotes speculative-grade credit quality. Debt instruments in
this category may lack sufficient margins
of
protection. |
VMIG
1 |
This
designation denotes superior credit quality. Excellent protection is
afforded by the superior short-term credit
strength
of the liquidity provider and structural and legal protections that ensure
the timely payment of purchase price
upon
demand. |
VMIG
2 |
This
designation denotes strong credit quality. Good protection is afforded by
the strong short-term credit strength of
the
liquidity provider and structural and legal protections that ensure the
timely payment of purchase price upon
demand. |
VMIG
3 |
This
designation denotes acceptable credit quality. Adequate protection is
afforded by the satisfactory short-term credit
strength
of the liquidity provider and structural and legal protections that ensure
the timely payment of purchase price
upon
demand. |
SG |
This
designation denotes speculative-grade credit quality. Demand features
rated in this category may be supported by
a
liquidity provider that does not have an investment grade short-term
rating or may lack the structural and/or legal
protections
necessary to ensure the timely payment of purchase price upon
demand. |
Prime-1 |
Issuers
rated Prime-1 (or supporting institutions) have a superior ability to
repay short-term debt obligations. |
Prime-2 |
Issuers
rated Prime-2 (or supporting institutions) have a strong ability to repay
short-term debt obligations.
|
Prime-3 |
Issuers
rated Prime-3 (or supporting institutions) have an acceptable ability to
repay short-term obligations. |
NP |
Not
Prime. Issues do not fall within any of the Prime rating
categories. |
SP-1
|
Strong
capacity to pay principal and interest. An issue determined to possess a
very strong capacity to pay debt service is
given
a plus (+) designation. |
SP-2
|
Satisfactory
capacity to pay principal and interest, with some vulnerability to adverse
financial and economic changes over
the
term of the notes. |
SP-3 |
Speculative
capacity to pay principal and interest.
|
A-1 |
A
short-term obligation rated ‘A-1’ is rated in the highest category by
S&P. The obligor’s capacity to meet its financial
commitment
on the obligation is strong. Within this category, certain obligations are
designated with a plus sign (+). This
indicates
that the obligor’s capacity to meet its financial commitment on these
obligations is extremely strong. |
A-2 |
A
short-term obligation rated ‘A-2’ is somewhat more susceptible to the
adverse effects of changes in circumstances and
economic
conditions than obligations in higher rating categories. However, the
obligor's capacity to meet its financial
commitment
on the obligation is satisfactory. |
A-3 |
A
short-term obligation rated ‘A-3’ exhibits adequate protection parameters.
However, adverse economic conditions or
changing
circumstances are more likely to lead to a weakened capacity of the
obligor to meet its financial commitment on
the
obligation. |
B |
A
short-term obligation rated ‘B’ is regarded as vulnerable and has
significant speculative characteristics. The obligor
currently
has the capacity to meet its financial commitments; however, it faces
major ongoing uncertainties which could lead
to
the obligor’s inadequate capacity to meet its financial
commitments. |
C |
A
short-term obligation rated ‘C’ is currently vulnerable to nonpayment and
is dependent upon favorable business, financial,
and
economic conditions for the obligor to meet its financial commitment on
the obligation. |
D |
A
short-term obligation rated ‘D’ is in default or in breach of an imputed
promise. For non-hybrid capital instruments, the
‘D’
rating category is used when payments on an obligation are not made on the
date due, unless S&P believes that such
payments
will be made within any stated grace period. However, any stated grace
period longer than five business days will
be
treated as five business days. The ‘D’ rating also will be used upon the
filing of a bankruptcy petition or the taking of
a
similar action and where default on an obligation is a virtual certainty,
for example due to automatic stay provisions. An
obligation's
rating is lowered to ‘D’ if it is subject to a distressed exchange offer.
|
F1 |
Highest
credit quality. Indicates the strongest capacity for timely payment of
financial commitments; may have an added “+”
to
denote any exceptionally strong credit feature. |
F2 |
Good
credit quality. A satisfactory capacity for timely payment of financial
commitments, but the margin of safety is not as
great
as in the case of the higher ratings. |
F3 |
Fair
credit quality. The capacity for timely payment of financial commitments
is adequate; however, near-term adverse
changes
could result in a reduction to non-investment
grade. |
B |
Speculative.
Minimal capacity for timely payment of financial commitments, plus
vulnerability to near-term adverse changes
in
financial and economic conditions. |
C |
High
default risk. Default is a real possibility. Capacity for meeting
financial commitments is solely reliant upon a sustained,
favorable
business and economic environment. |
D |
Default.
Denotes actual or imminent payment
default |