USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

000361105 AIR AAR CORP 50,114.00 1,941,917.50 00081T108 ACCO ACCO CO 273,103.00 2,356,878.89 00091G104 ACVA ACV AUCTIONS INC 4,406.00 112,925.78 000957100 ABM ABM INDUSTRIES 42,579.00 1,888,378.65 00187Y100 APG US API GROUP CORP 82,910.00 1,731,989.90 00191U102 ASGN ASGN INC 39,291.00 3,808,476.63 00246W103 AXTI AXT INC 173,418.00 1,904,129.64 002474104 AZZ AZZ INC 27,672.00 1,432,856.16 00258W108 AAN AARON'S CO INC/THE 39,737.00 1,271,186.63 002896207 ANF ABERCROMBIE & FITCH CO 28,704.00 1,332,726.72 003881307 ACTG ACACIA RESEARCH CORP 195,241.00 1,319,829.16 00402L107 ASO ACADEMY SPORTS & OUTDOORS 71,627.00 2,953,897.48 00434H108 XLRN ACCELERON PHARMA INC 9,577.00 1,201,817.73 00650F109 ADPT US ADAPTIVE BIOTECHNOLOGIES 13,273.00 542,334.78 00737L103 ATGE ADTALEM GLOBAL EDU INC 74,963.00 2,671,681.32 00738A106 ADTN ADTRAN INC 52,076.00 1,075,369.40 00771V108 AERI AERIE PHARMACEUTICALS INC 251,703.00 4,029,765.03 007973100 AEIS ADVANCED ENERGY INDUSTRIE 59,772.00 6,736,902.12 00938A104 AIRG AIRGAIN INC 151,302.00 3,119,847.24 00973N102 AKTS AKOUSTIS TECHNOLOGIES INC 227,405.00 2,435,507.55 00973Y108 AKRO US AKERO THERAPEUTICS INC 17,644.00 437,747.64 013091103 ACI US ALBERTSONS COS INC 55,076.00 1,082,794.16 013872106 AA ALCOA CORP 72,800.00 2,681,952.00 014491104 ALEX ALEXANDER & BALDWIN INC 75,300.00 1,379,496.00 017175100 Y ALLEGHANY CORP. 2,250.00 1,500,907.50 01741R102 ATI ALLEGHENY TECHNOLOGIES 81,000.00 1,688,850.00 018522300 ALE ALLETE, INC. 23,300.00 1,630,534.00

Page 1 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

02080L102 TKNO US ALPHA TEKNOVA INC 28,313.00 671,867.49 02156B103 AYX ALTERYX INC 5,475.00 470,959.50 02208R106 AIMC ALTRA INDUS MOT CORP 96,349.00 6,264,611.98 02361E108 AMRC AMERESCO INC 14,239.00 893,070.08 024013104 AAT AMERICAN ASSETS TRUST INC 30,105.00 1,122,615.45 024061103 AXL AMERICAN AXLE & MANUFACTU 107,000.00 1,107,450.00 02475L105 AMBZ AMERICAN 19,923.00 840,750.60 025676206 AEL AMERICAN EQUITY INVESTMEN 60,823.00 1,965,799.36 03044L105 AMWL AMERICAN WELL CORP 47,300.00 595,034.00 030506109 AMWD AMERICAN WOODMARK CORP. 8,220.00 671,491.80 03076K108 ABCB 97,575.00 4,940,222.25 031652100 AMKR AMKOR TECHNOLOGY INC 116,004.00 2,745,814.68 03168L105 AMRX AMNEAL PHARMACEUTICALS IN 611,926.00 3,133,061.12 03589W102 ANNX ANNEXON INC 7,585.00 170,738.35 03674X106 AR US ANTERO RESOURCES CORP 264,362.00 3,973,360.86 037598109 APOG APOGEE ENTERPRISES 60,152.00 2,449,990.96 03762U105 ARI APOLLO COMMERCIAL REAL ES 125,142.00 1,996,014.90 03937C105 ARCB ARCBEST CORP 24,460.00 1,423,327.40 03966V107 ARNC ARCONIC CORP 56,900.00 2,026,778.00 040047607 ARNA ARENA PHARMACEUTICALS INC 26,483.00 1,806,140.60 04271T100 ARRY ARRAY TECHNOLOGIES INC 124,270.00 1,938,612.00 04280A100 ARWR ARROWHEAD PHARMACEUTICALS 24,110.00 1,996,790.20 043436104 ABG ASBURY AUTOMOTIVE GROUP I 21,692.00 3,717,358.04 045487105 ASB US ASSOCIATED BANC-CORP 59,740.00 1,223,475.20 047649108 ATKR US ATKORE INC 34,329.00 2,437,359.00 049164205 AAWW ATLAS AIR WORLDWIDE HOLDI 32,258.00 2,197,092.38 04963C209 ATRC ATRICURE INC 19,801.00 1,570,813.33

Page 2 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

04965G109 BCEL US ATRECA INC 20,168.00 171,831.36 05156V102 AUPH AURINIA PHARMACEUTICALS I 107,032.00 1,387,134.72 05280R100 AUTL US AUTOLUS THERAPEUTICS PLC 35,086.00 232,971.04 05351X101 AVYA AVAYA HOLDINGS CORP 76,097.00 2,047,009.30 05368V106 AVNT AVIENT CORP 42,100.00 2,069,636.00 05370A108 RNA US AVIDITY BIOSCIENCES INC 15,697.00 387,872.87 053774105 CAR AVIS BUDGET GROUP INC 16,012.00 1,247,174.68 05379B107 AVA AVISTA CORP 64,159.00 2,737,664.53 05464C101 AXON US AXON ENTERPRISE 23,073.00 4,079,306.40 05478C105 AZEK US AZEK CO INC/THE 33,064.00 1,403,897.44 05541T101 BGCP US BGC PARTNERS INC-CL A 203,308.00 1,152,756.36 05580M108 RILY B. RILEY FINANCIAL INC 38,273.00 2,889,611.50 05591L107 BMTX BM TECHNOLOGIES INC 8,520.00 105,988.80 05605H100 BWXT BWX TECHNOLOGIES INC 13,261.00 770,729.32 05990K106 BANC BANC OF CALIFORNIA INC 77,787.00 1,364,383.98 06652K103 BKU BANKUNITED INC 14,427.00 615,888.63 06652V208 BANR BANNER CORP 85,008.00 4,608,283.68 067806109 B US BARNES GROUP, INC. 37,519.00 1,922,848.75 073685109 BECN BEACON ROOFING SUPPLY INC 78,133.00 4,160,582.25 07373V105 BEAM BEAM THERAPEUTICS INC 29,711.00 3,824,102.81 075896100 BBBY BED BATH & BEYOND, INC. 67,629.00 2,251,369.41 077454106 BDC BELDEN INC. 83,426.00 4,218,852.82 08160H101 BHE BENCHMARK ELECTRONICS INC 77,334.00 2,200,925.64 084310101 BLI BERKELEY LIGHTS INC 18,132.00 812,494.92 088786108 IDYA BICYCLE THERAPEUTICS LTD 64,530.00 1,959,130.80 089302103 BIG BIG LOTS INC 44,364.00 2,928,467.64 09058V103 BCRX BIOCRYST PHARMACEUTICALS 199,729.00 3,157,715.49

Page 3 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

09061G101 BMRN BIOMARIN PHARMACEUTICAL I 3,530.00 294,543.20 09061H307 BMRA US BIOMERICA INC 157,164.00 630,227.64 09062W204 BLFS BIOLIFE SOLUTIONS INC 29,000.00 1,290,790.00 09077B104 BCAB US BIOATLA INC 8,396.00 355,822.48 09180C106 BJRI BJ'S INC 38,201.00 1,877,197.14 09203E105 BDTX BLACK DIAMOND THERAPEUTIC 5,548.00 67,630.12 092113109 BKH BLACK HILLS CORP 42,130.00 2,764,991.90 09239B109 BL BLACKLINE INC 6,772.00 753,520.44 09257W100 BXMT BLACKSTONE MORTGAGE TRUST 160,464.00 5,117,196.96 094235108 BLMN BLOOMIN' BRANDS INC 73,200.00 1,986,648.00 09627Y109 BPMC BLUEPRINT MEDICINES CORP 7,764.00 682,921.44 097702104 BOLT BOLT BIOTHERAPEUTICS INC 8,826.00 136,449.96 104674106 BRC BRADY CORP 40,479.00 2,268,443.16 109194100 BFAM BRIGHT HORIZONS FAMILY SO 21,452.00 3,155,803.72 10922N103 BHF INC 16,076.00 732,101.04 109641100 EAT BRINKER INTERNATIONAL 28,695.00 1,774,785.75 112463104 BKD I 178,577.00 1,410,758.30 114340102 BRKS BROOKS AUTOMATION INC 87,547.00 8,341,478.16 117043109 BC BRUNSWICK CORP. 30,995.00 3,087,721.90 12047B105 BMBL BUMBLE INC 882.00 50,803.20 122017106 BURL BURLINGTON STORES INC 6,453.00 2,077,801.47 12468P104 AI C3.AI INC 10,633.00 664,881.49 12477X106 CAI CAI INTERNATIONAL INC 4,233.00 237,048.00 12529R107 CCCC C4 THERAPEUTICS INC 3,134.00 118,590.56 125581801 CIT CIT GROUP, INC. 15,040.00 775,913.60 12571T100 CCMP CMC MATERIALS INC 14,283.00 2,153,019.42 12621E103 CNO CNO FINANCIAL GROUP INC 164,564.00 3,887,001.68

Page 4 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

126501105 CTS CTS CORP 39,370.00 1,462,989.20 12653C108 CNX CNX RESOURCES CORP 108,191.00 1,477,889.06 12662P108 CVI CVR ENERGY INC 93,542.00 1,680,014.32 12674W109 CABA US CABALETTA BIO INC 43,640.00 375,304.00 127203107 WHD CACTUS INC 23,098.00 848,158.56 13057Q305 CRC CALIFORNIA RESOURCES CORP 57,740.00 1,740,283.60 131193104 ELY CALLAWAY GOLF CO 221,962.00 7,486,778.26 136635109 CSIQ CANADIAN SOLAR INC 41,045.00 1,840,457.80 141619106 CSII CARDIOVASCULAR SYSTEMS IN 36,737.00 1,566,833.05 14167L103 CDNA CAREDX INC 32,410.00 2,966,163.20 14174T107 CTRE CARETRUST REIT INC 61,774.00 1,435,010.02 144285103 CRS CARPENTER TECHNOLOGY 31,882.00 1,282,294.04 146229109 CRI CARTER'S INC 23,030.00 2,376,005.10 147448104 CWST CASELLA WASTE SYSTEMS INC 98,370.00 6,239,609.10 14843C105 CSTL US CASTLE BIOSCIENCES INC 106,191.00 7,786,986.03 149150104 CATY CATHAY GENERAL BANCORP 128,115.00 5,042,606.40 149568107 CVCO CAVCO INDUSTRIES INC 22,831.00 5,072,819.89 154760409 CPF CENTRAL PACIFIC FINANCIAL 77,910.00 2,030,334.60 156504300 CCS CENTURY COMMUNITIES INC 44,518.00 2,962,227.72 157085101 CERS CERUS CORP 151,079.00 892,876.89 157210105 CEVA US CEVA INC 45,403.00 2,147,561.90 16115Q308 GTLS CHART INDUSTRIES INC 66,015.00 9,659,314.80 16208T102 CLDT CHATHAM LODGING TRUST 141,856.00 1,825,686.72 163086101 CHEF CHEFS' WAREHOUSE INC/THE 117,811.00 3,749,924.13 163092109 CHGG CHEGG INC 30,574.00 2,541,005.14 165167735 CHK CHESAPEAKE ENERGY CORP 36,146.00 1,876,700.32 16842Q100 CSSE US CHICKEN SOUP FOR THE SOUL 65,861.00 2,726,645.40

Page 5 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

16934Q208 CIM CHIMERA INVESTMENT CORP 78,364.00 1,180,161.84 16934W106 CMRX CHIMERIX INC 48,550.00 388,400.00 171779309 CIEN CIENA CORP 73,712.00 4,193,475.68 17243V102 CNK CINEMARK HOLDINGS INC 58,537.00 1,284,887.15 178587101 CIO US CITY OFFICE REIT INC 71,913.00 893,878.59 184496107 CLH CLEAN HARBORS INC 17,050.00 1,588,037.00 184499101 CLNE CLEAN ENERGY FUELS CORP 538,550.00 5,466,282.50 18914U100 CLDR CLOUDERA INC 112,876.00 1,790,213.36 18915M107 NET US CLOUDFLARE INC - CLASS A 18,456.00 1,953,383.04 192010106 CDAK CODIAK BIOSCIENCES INC 78,289.00 1,450,695.17 192576106 COHU US COHU INC 46,684.00 1,717,504.36 19459J104 COLL COLLEGIUM PHARMACEUTICAL 20,453.00 483,508.92 19623P101 CBAN COLONY BANKCORP 29,636.00 529,298.96 197236102 COLB US COLUMBIA BANKING SYSTEM 24,100.00 929,296.00 199333105 CMCO COLUMBUS MCKINNON CORP 126,037.00 6,080,024.88 201723103 CMC COMMERCIAL METALS CO 97,415.00 2,992,588.80 206787103 CNDT CONDUENT INC 174,180.00 1,306,350.00 207410101 CNMD CONMED CORP 29,249.00 4,019,690.07 20786W107 CNOB CONNECTONE BANCORP INC 41,442.00 1,084,537.14 21044C107 ROAD CONSTRUCTION PARTNERS 23,521.00 738,559.40 21870U502 CORR CORENERGY INFRASTRUCTURE 75,565.00 500,240.30 222070203 COTY COTY INC-CL A 195,640.00 1,827,277.60 22304C100 CVET COVETRUS INC 63,276.00 1,708,452.00 22410J106 CBRL OLD COUNTR 8,069.00 1,197,923.74 224399105 CR CRANE CO. 22,780.00 2,104,188.60 22658D100 CRCT CRICUT INC 86,438.00 3,682,258.80 229050307 CYRX US CRYOPORT INC 38,453.00 2,426,384.30

Page 6 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

23204G100 CUBI CUSTOMERS BANCORP INC 49,797.00 1,941,585.03 23257D103 CBAY CYMABAY THERAPEUTICS INC 41,170.00 179,501.20 23283X206 CTSO CYTOSORBENTS CORP 139,496.00 1,053,194.80 2339177 FTT CN FINNING INTERNATIONAL INC 35,280.00 923,701.79 235825205 DAN DANA INC 244,000.00 5,797,440.00 237266101 DAR DARLING INGREDIENTS INC 11,417.00 770,647.50 24344T101 DCPH DECIPHERA PHARMACEUTICALS 8,703.00 318,616.83 24665A103 DK DELEK US HOLDINGS INC 67,105.20 1,450,814.46 248019101 DLX DELUXE CORPORATION 54,835.00 2,619,467.95 252784301 DRH DIAMONDROCK HOSPITALITY C 316,622.00 3,071,233.40 253031108 DRNA DICERNA PHARMACEUTICALS I 56,642.00 2,113,879.44 253651103 DBD DIEBOLD NIXDORF INC 96,715.00 1,241,820.60 25400W102 APPS DIGITAL TURBINE INC 193,121.00 14,682,989.63 25401T108 DBRG US DIGITALBRIDGE GROUP INC 181,276.00 1,432,080.40 254543101 DIOD DIODES INC 75,789.00 6,045,688.53 257554105 DOMO DOMO INC - CLASS B 13,853.00 1,119,737.99 25862V105 DV DOUBLEVERIFY HOLDINGS INC 4,484.00 189,852.56 25960R105 PLOW US DOUGLAS DYNAMICS INC 40,600.00 1,652,014.00 26210C104 DBX DROPBOX INC 21,486.00 651,240.66 268158201 DVAX DYNAVAX TECHNOLOGIES CORP 80,282.00 790,777.70 268948106 EGBN EAGLE BANCORP INC 12,229.00 685,802.32 26969P108 EXP EAGLES MATERIALS CLASS A 51,958.00 7,383,751.38 27616P103 DEA EASTERLY GOVERNMENT PROPE 75,078.00 1,582,644.24 27627N105 EBC EASTERN BANKSHARES INC 98,940.00 2,035,195.80 278715206 EBIX EBIX INC 41,566.00 1,409,087.40 27875T101 ECHO ECHO GLOBAL LOGISTICS INC 27,730.00 852,420.20 28035Q102 EPC EDGEWELL PERSONAL CARE 71,613.00 3,143,810.70

Page 7 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

28106W103 EDIT EDITAS MEDICINE INC 12,978.00 735,073.92 29084Q100 EME EMCOR GROUP, INC. 68,026.00 8,380,122.94 292218104 EIG EMPLOYERS HOLDINGS 48,489.00 2,075,329.20 29251M106 ENTA ENANTA PHARMACEUTICALS IN 14,384.00 633,039.84 29260V105 DAVA ENDAVA PLC 18,429.00 2,089,480.02 29275Y102 ENS ENERSYS 24,674.00 2,411,390.02 29355A107 ENPH ENPHASE ENERGY INC 53,850.00 9,888,475.50 29355X107 NPO ENPRO INDUSTRIES INC. 14,400.00 1,398,960.00 29357K103 ENVA ENOVA INTERNATIONAL INC 70,700.00 2,418,647.00 29358P101 ENSG ENSIGN GROUP INC/THE 45,841.00 3,973,039.47 29404K106 ENV ENVESTNET INC 28,855.00 2,188,940.30 294268107 PLUS EPLUS INC 49,910.00 4,326,697.90 29428V104 EPZM EPIZYME INC 97,634.00 811,338.54 296315104 ESE ESCO TECHNOLOGIES, INC. 6,997.00 656,388.57 29664W105 ESPR ESPERION THERAPEUTICS INC 46,644.00 986,520.60 29670E107 EPRT ESSENTIAL PROPERTIES REAL 73,500.00 1,987,440.00 29786A106 ETSY ETSY INC 11,314.00 2,328,873.76 298736109 EEFT EURONET WORLDWIDE INC 56,716.00 7,676,510.60 29978A104 EVBG EVERBRIDGE INC 1,500.00 204,120.00 30040P103 EVTC EVERTEC INC 90,585.00 3,954,035.25 30041R108 EVER EVERQUOTE INC 9,889.00 323,172.52 30050B101 EVH EVOLENT HEALTH INC 281,877.00 5,953,242.24 30057T105 AQUA EVOQUA WATER TECHNOLOGIES 19,370.00 654,318.60 302081104 EXLS EXLSERVICE HOLDINGS INC 31,818.00 3,380,980.68 30214U102 EXPO EXPONENT INC 28,251.00 2,520,271.71 302492103 FLYW US FLYWIRE CORP 13,596.00 499,517.04 314211103 FHI FEDERATED HERMES INC 97,020.00 3,289,948.20

Page 8 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

318672706 FBP FIRST BANCORP/PUERTO RICO 238,357.00 2,841,215.44 318910106 FBNC FIRST BANCORP 22,935.00 938,270.85 319383204 BUSE US FIRST BUSEY CORP 331,184.00 8,166,997.44 320218100 THFF FIRST FINANCIAL CORP/IN 22,984.00 938,206.88 320817109 FRME FIRST MERCHANTS CORP 52,960.00 2,206,843.20 320866106 FMBH FIRST MID BANCSHARES INC 41,144.00 1,666,743.44 320867104 FMBI INC 72,950.00 1,446,598.50 336901103 SRCE FIRST SOURCE 52,541.00 2,441,054.86 33767E202 FSV FIRSTSERVICE CORP 11,329.00 1,940,204.54 33829M101 FIVE FIVE BELOW 12,658.00 2,446,411.66 33938J106 FLXN FLEXION THERAPEUTICS INC 119,500.00 983,485.00 343873105 FFIC FLUSHING FINANCIAL CORP 106,901.00 2,290,888.43 346375108 FORM FORMFACTOR INC 99,077.00 3,612,347.42 349853101 FWRD FORWARD AIR CORP 30,313.00 2,720,591.75 35086T109 FCPT FOUR CORNERS PPTY TR 28,620.00 790,198.20 35104E100 FDMT 4D MOLECULAR THERAPEUTICS 8,398.00 202,223.84 35138V102 FOXF US FOX FACTORY HOLDING CORP 20,175.00 3,140,440.50 351858105 FNV FRANCO-NEVADA CORP 13,483.00 1,955,978.81 360271100 FULT FULTON FINANCIAL CORP 6,513.00 102,775.14 36118A100 FUSN US FUSION PHARMACEUTICALS IN 54,402.00 439,568.16 36237H101 GIII US G-III APPAREL GROUP LTD 39,484.00 1,297,444.24 36251C103 GMS GMS INC 93,271.00 4,490,065.94 37148K100 GBIO US GENERATION BIO CO 14,864.00 399,841.60 37186H100 GTH US GENETRON HOLDINGS LTD 68,863.00 1,386,900.82 37247D106 GNW GENWORTH FINANCIAL INC 659,881.00 2,573,535.90 37253A103 THRM GENTHERM INC 17,718.00 1,258,863.90 374689107 ROCK US GIBRALTAR INDUSTRIES INC 63,445.00 4,841,487.95

Page 9 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

37954A204 GMRE GLOBAL MEDICAL REIT INC 102,417.00 1,511,674.92 379577208 GMED GLOBUS MEDICAL INC 22,145.00 1,716,901.85 37959E102 GL GLOBE LIFE INC 14,040.00 1,337,310.00 382550101 GT GOODYEAR TIRE & RUBBER CO 148,109.00 2,540,069.35 384313508 EAF GRAFTECH INTERNATIONAL LT 129,020.00 1,499,212.40 387328107 GVA GRANITE CONSTRUCTION INC. 39,545.00 1,642,303.85 388689101 GPK GRAPHIC PACKAGING HOLDING 130,220.00 2,362,190.80 389375106 GTN GRAY TELEVISION INC 212,094.00 4,962,999.60 392709101 GRBK GREEN BRICK PARTNERS INC 23,250.00 528,705.00 393222104 GPRE GREEN PLAINS INC 79,700.00 2,679,514.00 398905109 GPI GROUP 1 AUTOMOTIVE INC 31,584.00 4,877,517.12 40131M109 GH GUARDANT HEALTH INC 12,855.00 1,596,462.45 401617105 GES GUESS? INC 47,467.00 1,253,128.80 404030108 HEES H&E EQUIPMENT SERVICES IN 23,010.00 765,542.70 404609109 HCKT US HACKETT GROUP INC/THE 17,529.00 315,872.58 40637H109 HALO HALOZYME THERAPEUTICS INC 126,060.00 5,724,384.60 410120109 HWC CORP 129,013.00 5,733,337.72 410495204 HAFC US HANMI FINANCIAL CORP 67,519.00 1,286,912.14 41068X100 HASI HANNON ARMSTRONG SUSTAINA 32,723.00 1,837,396.45 413160102 HLIT HARMONIC INC 12,989.00 110,666.28 42225T107 HCAT US HEALTH CATALYST INC 57,813.00 3,209,199.63 42226A107 HQY HEALTHEQUITY INC 26,087.00 2,099,481.76 42722X106 HFWA HERITAGE FINANCIAL CORP/W 31,621.00 791,157.42 428291108 HXL HEXCEL CORPORATION 60,580.00 3,780,192.00 428567101 HIBB HIBBETT INC 34,278.00 3,072,337.14 436893200 HOMB HOME BANCSHARES INC. 291,142.00 7,185,384.56 43940T109 HOPE HOPE BANCORP INC 179,690.00 2,548,004.20

Page 10 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

440327104 HMN HORACE MANN EDUCATOR 24,256.00 907,659.52 440407104 HBNC HORIZON BANCORP INC/IN 10,420.00 181,620.60 44109J106 TWNK HOSTESS BRANDS INC 247,022.00 3,999,286.18 443320106 HUBG HUB GROUP INC 17,652.00 1,164,678.96 444097109 HPP HUDSON PACIFIC PROPERTIES 54,500.00 1,516,190.00 44888K209 HYFM US HYDROFARM HOLDINGS GROUP 23,289.00 1,376,612.79 44891N208 IAC IAC/INTERACTIVECORP 2,280.00 351,507.60 449172105 HY HYSTER-YALE MATERIALS 56,726.00 4,139,863.48 44930G107 ICUI ICU MEDICAL INC 6,202.00 1,276,371.60 44934S206 ICAD US ICAD INC 94,635.00 1,638,131.85 449585108 IGMS IGM BIOSCIENCES INC 10,094.00 839,820.80 45258D105 IMCR IMMUNOCORE HOLDINGS PLC 8,829.00 344,772.45 45332Y109 NARI INARI MEDICAL INC 552.00 51,490.56 453836108 INDB INDEPENDENT CORP. 11,580.00 874,290.00 456237106 ILPT INDUSTRIAL LOGISTICS 90,192.00 2,357,618.88 45667G103 INFN INFINERA CORP 143,303.00 1,461,690.60 45765U103 NSIT INSIGHT ENTERPRISES INC 40,625.00 4,062,906.25 457669307 INSM INSMED INC. 98,031.00 2,789,962.26 45780R101 IBP INSTALLED BUILDING PRODUC 35,745.00 4,373,758.20 45781V101 IIPR INNOVATIVE INDUSTRIAL PRO 15,222.00 2,907,706.44 45783C101 TIL INSTIL BIO INC 13,218.00 255,371.76 45784P101 PODD INSULET CORP 6,688.00 1,835,922.88 45826H109 ITGR INTEGER HOLDINGS CORP 26,955.00 2,539,161.00 45826J105 NTLA INTELLIA THERAPEUTICS INC 48,905.00 7,918,208.55 45867G101 IDCC INTERDIGITAL, INC. 28,903.00 2,110,786.09 459044103 IBOC INTERNATIONAL BANCSHARES 61,576.00 2,644,073.44 46146L101 ISBC INVESTORS BANCORP INC 273,820.00 3,904,673.20

Page 11 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

462260100 IOVA IOVANCE BIOTHERAPEUTICS 31,333.00 815,284.66 46269C102 IRDM IRIDIUM COMMUNICATIONS IN 36,794.00 1,471,392.06 464287655 IWM ISHARES RUSSELL 2000 11,615.00 2,664,132.55 466367109 JACK JACK IN THE BOX INC 36,051.00 4,017,523.44 479167108 JOUT JOHNSON OUTDOORS INC 8,700.00 1,052,700.00 47973J102 JYNT JOINT CORP/THE 58,580.00 4,916,033.60 48020Q107 0 JONES LANG LASALLE INC 9,160.00 1,790,413.60 481116101 JNCE JOUNCE THERAPEUTICS INC 36,208.00 246,214.40 48123V102 JCOM J2 GLOBAL INC 20,223.00 2,781,673.65 483548103 KAMN KAMAN CORP 20,686.00 1,042,574.40 48576U106 KPTI KARYOPHARM THERAPEUTICS I 64,368.00 664,277.76 48666K109 KBH KB HOME 70,681.00 2,878,130.32 488152208 KELYA U KELLY SERVICES INC -A 88,617.00 2,124,149.49 489398107 KW KENNEDY-WILSON HOLDINGS I 54,080.00 1,074,569.60 49714P108 KNSL KINSALE CAPITAL GROUP INC 29,356.00 4,836,988.12 497266106 KEX KIRBY CORP 80,811.00 4,900,379.04 500643200 KFY KORN FERRY 36,600.00 2,655,330.00 50077B207 KTOS KRATOS DEFENSE & SEC 82,176.00 2,341,194.24 50077C106 KRA KRATON CORP 40,292.00 1,301,028.68 501242101 KLIC KULICKE & SOFFA INDUSTRIE 93,297.00 5,709,776.40 50187A107 LHCG LHC GROUP INC 13,242.00 2,651,842.92 505743104 LADR LADDER CAPITAL CORP 115,768.00 1,335,962.72 515098101 LSTR LANDSTAR SYSTEM INC 26,206.00 4,141,072.12 516806205 LPI LAREDO PETROLEUM INC 15,550.00 1,442,884.50 52472M101 LEGH LEGACY HOUSING CORP 59,017.00 997,977.47 52603B107 TREE US LENDINGTREE INC 19,320.00 4,093,521.60 52736R102 LEVI LEVI STRAUSS & CO 83,375.00 2,311,155.00

Page 12 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

529043101 LXP LEXINGTON REALTY TRUST 317,531.00 3,794,495.45 53216B104 LFMD LIFEMD INC 92,000.00 1,083,760.00 53220K504 LGND LIGAND PHARMACEUTICALS 25,493.00 3,344,426.67 53261M104 LLNW LIMELIGHT NETWORKS INC 666,672.00 2,100,016.80 535919500 LGF/B LIONS GATE ENTERTAINMENT 85,834.00 1,570,762.20 53635B107 LQDT LIQUIDITY SERVICES INC 11,676.00 297,154.20 536797103 LAD LITHIA MOTORS INC 7,903.00 2,715,786.92 538146101 LPSN LIVEPERSON INC 26,481.00 1,674,658.44 546347105 LPX LOUISIANA-PACIFIC CORP 28,704.00 1,730,564.16 552848103 MTG MGIC INVESTMENT CORP. 130,100.00 1,769,360.00 55345K103 MRC MRC GLOBAL INC. 143,065.00 1,344,811.00 553573106 MSGN MSG NETWORKS INC 52,994.00 772,652.52 554382101 MAC THE MACERICH COMPANY 150,079.00 2,738,941.75 554489104 CLI MACK CALI REALTY CORP 94,036.00 1,612,717.40 556099109 MGNX MACROGENICS INC 24,988.00 671,177.68 55616P104 M MACY'S, INC. 78,173.00 1,482,160.08 556269108 SHOO STEVEN MADDEN 116,816.00 5,111,868.16 55825T103 MSGS MADISON SQ GARDEN SPORTS 4,270.00 736,873.90 55955D100 MGNI MAGNITE INC 322,951.00 10,928,661.84 559663109 MGY MAGNOLIA OIL & GAS CORP 239,355.00 3,741,118.65 56418H100 MAN MANPOWER INC. 9,978.00 1,186,483.98 56600D107 MRVI MARAVAI LIFESCIENCES HOLD 79,700.00 3,325,881.00 566330106 MCS MARCUS CORP 51,410.00 1,090,406.10 567908108 HZO MARINEMAX INC 37,054.00 1,806,011.96 57164Y107 VAC MARRIOTT VACATIONS WRLD 12,300.00 1,959,390.00 573075108 MRTN MARTEN TRANS LTD 54,008.00 890,591.92 575385109 DOOR US MASONITE INTERNATIONAL CO 19,542.00 2,184,600.18

Page 13 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

576323109 MTZ MASTEC, INC. 32,498.00 3,448,037.80 576690101 MTRN MATERION CORP 23,051.00 1,736,892.85 577128101 MATW MATTHEWS INTL CORP 58,263.00 2,095,137.48 577933104 MMS MAXIMUS INC. 17,635.00 1,551,350.95 580589109 MGRC MCGRATH RENTCORP 28,513.00 2,325,805.41 58506Q109 MEDP MEDPACE HOLDINGS INC 38,889.00 6,868,964.07 589433101 MDP MEREDITH CORP. 39,865.00 1,731,735.60 58958U103 EBSB US MERIDIAN BANCORP INC 69,733.00 1,426,737.18 589889104 MMSI MERIT MEDICAL SYSTEMS INC 41,654.00 2,693,347.64 59001A102 MTH MERTIAGE CORPORATION 39,890.00 3,752,851.20 59001K100 MTOR MERITOR INC 197,384.00 4,622,733.28 600544100 MLHR MILLER HERMAN INC 58,959.00 2,779,327.26 603158106 MTX MINERALS TECHNOLOGIES INC 36,720.00 2,888,762.40 60649T107 MG US MISTRAS GROUP INC 111,630.00 1,097,322.90 606710200 MITK MITEK SYSTEMS INC 112,200.00 2,160,972.00 60783X104 MODV MODIVCARE INC 21,108.00 3,589,837.56 609839105 MPWR MONOLITHIC POWER SYSTEMS 4,230.00 1,579,693.50 617700109 MORN MORNINGSTAR INC 8,277.00 2,128,099.47 62011B102 MSGM MOTORSPORT GAMES INC 20,685.00 289,590.00 624580106 MOV MOVADO GROUP INC 40,672.00 1,279,947.84 624756102 MLI MUELLER INDUSTRIES, INC. 52,028.00 2,253,332.68 62482R107 COOP MR COOPER GROUP INC 85,289.00 2,819,654.34 626755102 MUSA MURPHY USA INC 17,342.00 2,312,902.54 62886E108 NCR NCR CORP 59,300.00 2,704,673.00 629209305 NMIH NMI HOLDINGS INC 118,420.00 2,662,081.60 63009R109 NSTG NANOSTRING TECHNOLOGIES I 42,017.00 2,722,281.43 630402105 NSSC NAPCO SEC SYS INC 88,035.00 3,201,832.95

Page 14 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

632307104 NTRA NATERA INC 31,840.00 3,614,795.20 63633D104 NHI NATIONAL HEALTH INVESTORS 21,532.00 1,443,720.60 63910B102 NLS US NAUTILUS INC 197,271.00 3,324,016.35 640491106 NEOG NEOGEN CORP 81,888.00 3,770,123.52 64049M209 NEO NEOGENOMICS INC 84,499.00 3,816,819.83 64051T100 NPTN NEOPHOTONICS CORP 285,965.00 2,919,702.65 64115T104 NTCT NETSCOUT SYSTEMS INC 97,495.00 2,782,507.30 64125C109 NBIX NEUROCRINE BIOSCIENCES IN 4,215.00 410,203.80 64131A105 STIM NEURONETICS INC 152,704.00 2,446,318.08 646025106 NJR US NEW JERSEY RESOURCES CORP 30,000.00 1,187,100.00 64829B100 NEWR NEW RELIC INC 28,021.00 1,876,566.37 65158N102 NMRK NEWMARK GROUP INC 75,195.00 903,091.95 65344D109 NEXI NEXIMMUNE INC 8,816.00 143,877.12 65443P102 MASS 908 DEVICES INC 117,142.00 4,539,252.50 655664100 JWN NORDSTROM, INC. 64,249.00 2,349,585.93 668074305 NWE NORTHWESTERN CORP. 98,113.00 5,908,364.86 670002401 NVAX US NOVAVAX INC 17,553.00 3,726,677.43 67059N108 NTNX NUTANIX INC - A 138,429.00 5,290,756.38 670704105 NUVA US NUVASIVE INC 27,635.00 1,873,100.30 67080M103 NRIX NURIX THERAPEUTICS INC 7,586.00 201,256.58 67103X102 OFG OFG BANCORP 33,419.00 739,228.28 671044105 OSIS OSI SYSTEMS INC 27,727.00 2,818,172.28 675234108 OCFC OCEANFIRST FINANCIAL CORP 27,893.00 581,290.12 680277100 OSBC OLD SECOND BANCORP INC 273,852.00 3,395,764.80 680665205 OLN OLIN CORP. 79,100.00 3,659,166.00 682189105 ON ON SEMICONDUCTOR CORP 67,530.00 2,585,048.40 68235P108 OGS ONE GAS INC 19,292.00 1,429,923.04

Page 15 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

68287N100 OSPN ONESPAN INC 81,859.00 2,090,678.86 683344105 ONTO ONTO INNOVATION INC 34,338.00 2,508,047.52 68375N103 OPK OPKO HEALTH INC 469,155.00 1,900,077.75 68570P101 ORTX ORCHARD THERAPEUTICS PLC 70,516.00 309,565.24 68621F102 ORGO ORGANOGENESIS HOLDINGS IN 271,461.00 4,511,681.82 68752L100 KIDS ORTHOPEDIATRICS CORP 65,465.00 4,136,078.70 690145107 OM US OUTSET MEDICAL INC 2,277.00 113,804.46 690370101 OSTK OVERSTOCK.COM INC 10,951.00 1,009,682.20 69047Q102 OVV OVINTIV INC 204,916.00 6,448,706.52 690742101 OC OWENS CORNING INC 20,672.00 2,023,788.80 69242L106 OYST OYSTER POINT PHARMA INC 5,221.00 89,748.99 69324R104 PCSB PCSB FINANCIAL CORP 24,600.00 446,982.00 69327R101 PDCE PDC ENERGY INC 154,798.00 7,088,200.42 69336V101 PGTI PGT INNOVATIONS INC 68,050.00 1,580,801.50 69353Y103 PMVP US PMV PHARMACEUTICALS INC 3,523.00 120,345.68 69370C100 PTC PTC INC. 17,394.00 2,457,076.44 69404D108 PACB PACIFIC BIOSCIENCES OF CA 14,856.00 519,514.32 69478X105 PPBI 31,300.00 1,323,677.00 695127100 PCRX PACIRA BIOSCIENCES INC 41,764.00 2,534,239.52 695263103 PACW PACWEST BANCORP 62,000.00 2,551,920.00 69553P100 PD PAGERDUTY INC 23,160.00 986,152.80 70202L102 PSN PARSONS CORP 68,071.00 2,679,274.56 703343103 PATK PATRICK INDUSTRIES INC 14,832.00 1,082,736.00 703395103 PDCO PATTERSON COS INC 40,007.00 1,215,812.73 70432V102 PAYC US PAYCOM SOFTWARE INC 6,951.00 2,526,479.97 70931T103 PMT PENNYMAC MORTGAGE INVESTM 74,339.00 1,565,579.34 70959W103 PAG PENSKE AUTO GROUP INC 10,180.00 768,488.20

Page 16 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

712704105 PBCT PEOPLE'S UNITED FINL, INC 92,700.00 1,588,878.00 71375U101 PRFT PERFICIENT INC 95,980.00 7,718,711.60 71377A103 PFGC PERFORMANCE GROUP CO 96,607.00 4,684,473.43 71943U104 DOC PHYSICIANS REALTY TRUST 75,600.00 1,396,332.00 720190206 PDM PIEDMONT OFFICE REALTY TR 78,029.00 1,441,195.63 72341T103 PING US PING IDENTITY HOLDING COR 43,736.00 1,001,554.40 72346Q104 PNFP PINNACLE FINANCIAL PRTNS 22,973.00 2,028,286.17 724078100 PIPR PIPER SANDLER COS 12,400.00 1,606,544.00 729132100 PLXS PLEXUS CORP 11,380.00 1,040,245.80 731068102 PII POLARIS INC 17,061.00 2,336,674.56 733245104 PRCH PORCH GROUP INC 176,814.00 3,419,582.76 736508847 POR PORTLAND GENERAL ELECTRIC 101,351.00 4,670,254.08 737630103 PCH POTLATCHDELTIC CORP 29,113.00 1,547,355.95 739276103 POWI POWER INTEGRATIONS INC 23,678.00 1,943,016.68 73931J109 PWFL POWERFLEET INC 125,965.00 906,948.00 740367404 PFBC PREFERRED BANK/LOS ANGELE 38,480.00 2,434,629.60 74164F103 PRIM US PRIMORIS SERVICES CORP 104,848.00 3,085,676.64 74164M108 PRI PRIMERICA INC 17,042.00 2,609,811.88 74267C106 PRA PROASSURANCE CORP 46,624.00 1,060,696.00 74346Y103 PRO PROS HOLDINGS INC 69,789.00 3,180,284.73 74347M108 PUMP PROPETRO HOLDING CORP 87,232.00 799,045.12 743713109 PRLB PROTO LABS INC 13,303.00 1,221,215.40 745848101 LUNG PULMONX CORP 23,894.00 1,054,203.28 74624M102 PSTG PURE STORAGE INC 134,083.00 2,618,640.99 74640Y106 PRPL US PURPLE INNOVATION INC 25,160.00 664,475.60 74727A104 QCRH QCR HOLDINGS INC 4,101.00 197,217.09 74727D306 QADA QAD INC 22,005.00 1,914,875.10

Page 17 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

74758T303 QLYS QUALYS INC 17,539.00 1,766,001.91 74766Q101 QTRX QUANTERIX CORP 102,424.00 6,008,191.84 749607107 RLI RLI CORP. 12,306.00 1,287,084.54 749660106 RES RPC, INC. 1,090,087.00 5,395,930.65 750236101 RDN RADIAN GROUP INC. 242,782.00 5,401,899.50 750469207 RDUS RADIUS HEALTH INC 24,280.00 442,867.20 750491102 RDNT RADNET INC 41,298.00 1,391,329.62 753422104 RPD RAPID7 INC 37,610.00 3,559,034.30 75524B104 ROLL RBC BEARINGS INC 28,028.00 5,589,343.76 75615P103 RETA REATA PHARMACEUTICALS INC 9,177.00 1,298,820.81 75629V104 RXRX RECURSION PHARMACEUTICALS 2,689.00 98,148.50 75689M101 RRGB RED ROBIN GOURMET BURGERS 130,720.00 4,328,139.20 75970E107 RNST RENASANT CORP 49,576.00 1,983,040.00 75972A301 REGI RENEWABLE ENERGY GROUP IN 77,022.00 4,801,551.48 76131N101 ROIC RETAIL OPPORTUNITY INVEST 91,933.00 1,623,536.78 761624105 REX US REX AMERICAN RESOURCES CO 7,013.00 632,432.34 76169B102 RXN REXNORD HOLDINGS, INC. 64,323.00 3,218,722.92 76169C100 REXR REXFORD INDUSTRIAL REALTY 19,020.00 1,083,189.00 775133101 ROG ROGERS CORP 24,979.00 5,015,783.20 781846209 RUSHA RUSH ENTERPRISES, INC. 93,926.00 4,061,360.24 783549108 R RYDER SYSTEM INC 28,781.00 2,139,291.73 783859101 STBA S&T BANCORP INC 72,641.00 2,273,663.30 78442P106 SLM SLM CORP. 69,281.00 1,450,744.14 78463M107 SPSC SPS COMMERCE INC 11,547.00 1,152,967.95 78573L106 SBRA SABRA HEALTH CARE REIT IN 176,120.00 3,205,384.00 78709Y105 SAIA SAIA INC 7,650.00 1,602,598.50 79546E104 SBH SALLY BEAUTY HOLDINGS INC 114,973.00 2,537,454.11

Page 18 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

800013104 SAFM SANDERSON FARMS INC 6,400.00 1,203,008.00 800677106 SGMO SANGAMO THERAPEUTICS INC 22,536.00 269,755.92 801056102 SANM SANMINA CORP 69,441.00 2,705,421.36 80810D103 SDGR SCHRODINGER INC 2,753.00 208,154.33 808541106 SWM SCHWEITZER-MAUDUIT INTL I 32,830.00 1,325,675.40 81619Q105 SEM SELECT MEDICAL HOLDINGS C 51,800.00 2,189,068.00 816850101 SMTC SEMTECH CORP 30,372.00 2,089,593.60 820054104 SHSP SHARPSPRING INC 46,160.00 779,642.40 82489W107 SHLS SHOALS TECHNOLOGIES GROUP 80,469.00 2,856,649.50 82536T107 SSTI SHOTSPOTTER INC 5,984.00 291,839.68 825704109 SIBN SI-BONE INC 97,307.00 3,062,251.29 826919102 SLAB SILICON LABORATORIES INC 12,436.00 1,905,817.00 82706C108 SIMO SILICON MOTION TECHNOLOGY 12,406.00 795,224.60 82710M100 SILK SILK ROAD MEDICAL INC 116,219.00 5,562,241.34 828359109 SAMG SILVERCREST ASSET MGMT GR 149,570.00 2,249,532.80 82900L102 SMPL THE SIMPLY GOOD CO 44,925.00 1,640,211.75 82933R100 OMIC US SINGULAR GENOMICS SYSTEMS 60,907.00 1,673,724.36 82981J109 SITC SITE CENTERS CORP 147,700.00 2,224,362.00 82982T106 SITM SITIME CORP 5,614.00 710,676.26 830830105 SKY SKYLINE CHAMPION CORP 58,495.00 3,117,783.50 830879102 SKYW SKYWEST INC 94,272.00 4,060,295.04 83200N103 SMAR SMARTSHEET INC 37,250.00 2,693,920.00 83413U100 SLRC SLR INVESTMENT CORP 1,592.00 29,674.88 83570H108 SONO SONOS INC 28,027.00 987,391.21 838518108 SJI SOUTH JERSEY INDUS INC 42,820.00 1,110,322.60 840441109 SSB SOUTH STATE CORP 19,334.00 1,580,747.84 848577102 SAVE SPIRIT AIRLINES INC 44,188.00 1,345,082.72

Page 19 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

84857L101 SR SPIRE INC 24,525.00 1,772,421.75 84860W300 SRC SPIRIT REALTY CAPITAL INC 25,940.00 1,240,969.60 85208T107 CXM US SPRINKLR INC 15,369.00 316,447.71 85209W109 SPT SPROUT SOCIAL INC 5,308.00 474,641.36 852312305 STAA STAAR SURGICAL CO 37,520.00 5,721,800.00 85254J102 STAG US STAG INDUSTRIAL INC 69,332.00 2,595,096.76 852857200 STMP STAMPS.COM INC 19,796.00 3,964,940.84 85571B105 STWD STARWOOD PROPERTY TRUST I 41,171.00 1,077,445.07 858155203 SCS STEELCASE INC-CL A 101,840.00 1,538,802.40 858586100 SCL STEPAN CO 18,826.00 2,264,203.02 85917A100 STL STERLING BANCORP/DE 65,900.00 1,633,661.00 860630102 SF STIFEL FINANCIAL CORP 207,314.00 13,446,386.04 86150R107 STOK US STOKE THERAPEUTICS INC 18,958.00 638,126.28 866082100 INN SUMMIT HOTEL PROPERTIES I 254,450.00 2,374,018.50 86614U100 SUM SUMMIT MATERIALS INC - A 191,714.00 6,681,232.90 867892101 SHO SUNSTONE HOTEL INVESTORS 226,629.00 2,814,732.18 868459108 SUPN SUPERNUS PHARMACEUTICALS 42,364.00 1,304,387.56 869367102 STRO US SUTRO BIOPHARMA INC 31,023.00 576,717.57 871237103 SYKE SYKES ENTERPRISES INC 37,973.00 2,039,150.10 87157D109 SYNA SYNAPTICS INCORPORATED 11,134.00 1,732,227.72 87161C501 SNV US SYNOVUS FINANCIAL CORP 120,829.00 5,301,976.52 87265H109 TPH TRI POINTE HOMES INC 319,928.00 6,856,057.04 87266J104 TPIC TPI COMPOSITES INC 56,991.00 2,759,504.22 87305R109 TTMI US TTM TECHOLOGIES 84,647.00 1,210,452.10 87484T108 TALO TALOS ENERGY INC 105,942.00 1,656,932.88 87652V109 TASK US TASKUS INC 9,250.00 316,720.00 87724P106 TMHC TAYLOR MORRISON HOME CORP 158,909.00 4,198,375.78

Page 20 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

87808K106 TCRR TCR2 THERAPEUTICS INC 84,808.00 1,391,699.28 87874R100 TTGT TECHTARGET INC 44,698.00 3,463,648.02 87901J105 TGNA TEGNA INC COM 183,890.00 3,449,776.40 87969B101 TLS TELOS CORP 20,201.00 687,036.01 88033G407 THC TENET HEALTHCARE CORP 62,244.00 4,169,725.56 880779103 TEX TEREX CORP. 26,900.00 1,280,978.00 880881107 TERN TERNS PHARMACEUTICALS INC 2,204.00 27,021.04 88162G103 TTEK TETRA TECH INC 850.00 103,734.00 88224Q107 TCBI TEXAS CAPITAL BANCSHARES 119,802.00 7,606,228.98 88322Q108 TGTX TG THERAPEUTICS INC 29,648.00 1,150,045.92 88331L108 SKIN BEAUTY HEALTH CO/THE 25,508.00 428,534.40 88337F105 ODP US THE ODP CORP 21,114.00 1,013,683.14 88556E102 TDUP THREDUP INC 26,736.00 777,482.88 88830R101 TITN TITAN MACHINERY INC 53,843.00 1,665,902.42 88870R102 TVTY INC 66,540.00 1,750,667.40 892672106 TW TRADEWEB MARKETS INC 32,426.00 2,741,942.56 896522109 TRN TRINITY INDUSTRIES INC 35,992.00 967,824.88 896818101 TGI TRIUMPH GROUP INC. 70,400.00 1,460,800.00 89785X101 TBI TRUEBLUE INC 121,488.00 3,415,027.68 898349204 TRST US TRUSTCO BANK CORP NY 36,863.00 1,267,349.94 898402102 TRMK TRUSTMARK CORP 83,993.00 2,586,984.40 90041T108 TPTX TURNING POINT THERAPEUTIC 6,511.00 507,988.22 90089L108 TSP TUSIMPLE HOLDINGS INC 896.00 63,831.04 90214J101 TWOU 2U INC 86,018.00 3,584,370.06 902788108 UMBF UMB FINANCIAL CORP 16,670.00 1,551,310.20 90278Q108 UFP1 UFP INDUSTRIES INC 14,166.00 1,053,100.44 903002103 UMH UMH PROPERTIES, INC 83,058.00 1,812,325.56

Page 21 of 25 USAA FUND HOLDINGS As of June 30, 2021

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CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

904708104 UNF UNIFIRST 10,550.00 2,475,452.00 90984P303 UCBI UNITED COMMUNITY IN 69,174.00 2,214,259.74 91336L107 UNVR UNIVAR SOLUTIONS INC 49,950.00 1,217,781.00 913456109 UVV UNIVERSAL CORPORATION 46,322.00 2,638,964.34 91359E105 UHT UNIVERSAL HEALTH RLTY INC 19,034.00 1,171,542.70 91359V107 UVE UNIVERSAL HOLDI 77,298.00 1,072,896.24 91704F104 UE URBAN EDGE PROPERTIES 77,370.00 1,477,767.00 918284100 VSEC US VSE CORP 10,615.00 525,548.65 922280102 VRNS VARONIS SYSTEMS INC 45,049.00 2,595,723.38 922417100 VECO VEECO INSTRUMENTS INC 42,150.00 1,013,286.00 92337F107 VCYT US VERACYTE INC 264,229.00 10,563,875.42 92343X100 VRNT VERINT STSYEMS INC 112,528.00 5,071,636.96 923451108 VBTX VERITEX HOLDINGS INC 61,000.00 2,160,010.00 92346J108 VCEL VERICEL CORP 157,786.00 8,283,765.00 92347M100 VERI VERITONE INC 27,800.00 547,938.00 92511U102 VRRM VERRA MOBILITY CORP 61,350.00 942,949.50 92531L207 VRS VERSO CORP 98,262.00 1,739,237.40 925815102 VICR VICOR CORP 19,756.00 2,088,999.44 92671V106 VIEW VIEW INC 29,979.00 254,221.92 92719V100 VMEO VIMEO INC 4,258.00 208,642.00 928298108 VSH VISHAY INTERTECHNOLOGY IN 182,808.00 4,122,320.40 92839U206 VC US VISTEON CORP. 10,097.00 1,221,131.18 92858V101 VZIO VIZIO HOLDING CORP 26,437.00 714,063.37 92886T201 VG VONAGE HOLDINGS CORP 382,774.00 5,515,773.34 92932M101 WNS WNS HOLDINGS LTD 67,371.00 5,380,921.77 929566107 WNC WABASH NATIONAL CORP 167,635.00 2,682,160.00 93148P102 WD WALKER & DUNLOP INC 8,636.00 901,425.68

Page 22 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

93627C101 HCC WARRIOR MET COAL INC 87,211.00 1,500,029.20 938824109 WFSL , INC. 85,909.00 2,730,188.02 939653101 WRE WASHINGTON REIT 23,400.00 538,200.00 950810101 WSBC WESBANCO INC 52,290.00 1,863,092.70 95082P105 WCC WESCO INTL. 47,018.00 4,834,390.76 957638109 WAL WESTERN ALLIANCE BANCORP 2,338.00 217,083.30 958102105 WDC WESTERN DIGITAL CORP. 27,918.00 1,986,924.06 966387508 WLL WHITING PETROLEUM CORP 56,300.00 3,071,165.00 971378104 WSC WILLSCOT MOBILE MINI HOLD 239,039.00 6,662,016.93 974637100 WGO WINNEBAGO INDUSTRIES INC 25,217.00 1,713,747.32 978097103 WWW WOLVERINE WORLD WIDE 78,910.00 2,654,532.40 98139A105 WK WORKIVA INC 14,915.00 1,660,486.95 981475106 INT WORLD FUEL SERVICES CORP 55,811.00 1,770,883.03 98156Q108 WWE US WORLD WRESTLING ENTERTAIN 10,290.00 595,688.10 981811102 WOR WORTHINGTON INDUSTRIES 42,371.00 2,592,257.78 98262P101 WW WW INTERNATIONAL INC 80,234.00 2,899,656.76 98401F105 XNCR XENCOR INC 31,729.00 1,094,333.21 98420N105 XENE XENON PHARMACEUTICALS INC 29,483.00 548,973.46 98585N106 YEXT YEXT INC 60,733.00 867,874.57 98887Q104 ZLAB ZAI LAB LTD 14,306.00 2,532,018.94 98956A105 ZETA US ZETA GLOBAL HOLDINGS CORP 288,838.00 2,426,239.20 98974P100 ZIXI ZIX CORP 364,189.00 2,567,532.45 98980G102 ZS ZSCALER INC 6,999.00 1,512,203.94 BF5LL43 NEO CN NEO PERFORMANCE MATERIALS 48,150.00 640,627.32 F21107101 CSTM CONSTELLIUM SE 60,500.00 1,146,475.00 G037AX101 AMBA AMBARELLA INC 41,762.00 4,453,082.06 G0585R106 AGO ASSURED GUARANTY LTD 24,700.00 1,172,756.00

Page 23 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

G0692U109 AXS AXIS CAPITAL HOLDINGS LTD 30,220.00 1,481,082.20 G0772R208 NTB BANK OF NT BUTTERFIELD & 11,308.00 400,868.60 G3198U102 ESNT ESSENT GROUP LTD 72,027.00 3,237,613.65 G3934V109 GENI GENIUS SPORTS LTD 33,024.00 619,860.48 G4412G101 HLF HERBALIFE NUTRITION LTD 13,600.00 717,128.00 G46188101 HZNP HORIZON THERAPEUTICS PLC 12,384.00 1,159,637.76 G491BT108 IVZ INVESCO LTD 33,229.00 888,211.17 G5005R107 JRVR JAMES RIVER GRP HLDGS 167,244.00 6,274,994.88 G5698W116 LXFR LUXFER HOLDINGS PLC 49,522.00 1,101,864.50 G6375R107 NESR NATIONAL ENERGY SERVICES 50,350.00 717,487.50 G6700G107 NVT NVENT ELECTRIC PLC 44,800.00 1,399,552.00 G7T16G103 SPNS SAPIENS INTERNATIONAL COR 39,283.00 1,031,964.41 G81276100 SIG SIGNET JEWELERS LTD 27,260.00 2,202,335.40 G9078F107 TRTN TRITON INTL LTD/BERMUDA 32,832.00 1,718,426.88 G9087Q102 TROX US TRONOX HOLDINGS PLC 82,620.00 1,850,688.00 H17182108 CRSP CRISPR THERAPEUTICS AG 10,295.00 1,666,657.55 L44385109 GLOB GLOBANT SA 14,187.00 3,109,506.66 L9340P101 TSE TRINSEO SA 24,930.00 1,491,811.20 M25133105 CGNT COGNYTE SOFTWARE LTD 119,800.00 2,935,100.00 M2682V108 CYBR CYBERARK SOFTWARE LTD 7,550.00 983,538.50 M47364100 GMDA GAMIDA CELL LTD 107,400.00 688,434.00 M5425M103 INMD INMODE LTD 24,686.00 2,337,270.48 M6372Q113 KRNT KORNIT DIGITAL LTD 115,500.00 14,360,115.00 M7S64H106 MNDY US MONDAY.COM LTD 463.00 103,522.17 M8001Q118 PYPD US POLYPID LTD 104,284.00 944,291.62 M81873107 RDWR RADWARE LTD 76,664.00 2,359,717.92 M98068105 WIX WIX.COM LTD 807.00 234,255.96

Page 24 of 25 USAA FUND HOLDINGS As of June 30, 2021

USAA SMALL CAP STOCK FUND

CUSIP TICKER SECURITY NAME SHARES/PAR/CONTRACTS MARKET VALUE

N01045108 AFMD AFFIMED NV 342,965.00 2,915,202.50 N14506104 ESTC ELASTIC NV 17,564.00 2,560,128.64 N33462107 FI FRANK'S INTERNATIONAL NV 726,492.00 2,201,270.76 P16994132 BLX BANCO LATINOAMERICANO DE 31,517.00 484,416.29 Y2573F102 FLEX FLEX LTD 67,949.00 1,214,248.63 Y7542C130 STNG SCORPIO TANKERS INC 39,977.00 881,492.85

Total: 1,484,804,336.07

Portfolio holdings are subject to change, are unaudited, and do not represent any type of recommendation. The Funds are distributed by Victory Capital Services, Inc. (“VCS”), member FINRA and SIPC. Victory Capital Management Inc., an affiliate of VCS, is the investment advisor to the Funds and receives a fee from the Funds for its services. Shares of the Fund may be subject to sales charges and other fees. An investor should consider the Fund’s investment objectives, risks and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the Fund’s prospectus. To obtain a prospectus, please call 1-800-235-8396 or visit www.vcm.com/prospectus. Please read the prospectus carefully before investing.

As of July 1, 2019, Victory Capital Management Inc. is the investment advisor for USAA Mutual Funds.

Victory Capital means Victory Capital Management Inc., the investment adviser of the USAA Mutual Funds. USAA Mutual Funds are distributed by Victory Capital Services, Inc., member of FINRA, an affiliate of Victory Capital. Victory Capital and its affiliates are not affiliated with United Services Automobile Association or its affiliates. USAA and the USAA logos are registered trademarks and the USAA Mutual Funds and USAA Investments logos are trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license.

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