SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT
DATED JULY 1, 2019
As revised June 11, 2020
OPERATING EXPENSE LIMITS
| Maximum |
|
|
Fund/Class | Operating | Effective Date of | Date of |
March 31 FYE Funds | Expense Limit | Waiver | Termination |
USAA California Bond Fund Class A | 0.80% | July 1, 2019 | July 31, 2021 |
USAA California Bond Fund Shares | 0.54% | July 1, 2019 | July 31, 2021 |
USAA California Bond Institutional Shares | 0.50% | June 29, 20201 | July 31, 2021 |
USAA Global Equity Income Fund | 0.90% | July 1, 2019 | July 31, 2021 |
Institutional Shares |
|
|
|
USAA Global Equity Income Fund Shares | 1.00% | July 1, 2019 | July 31, 2021 |
USAA New York Bond Fund Class A | 0.90% | July 1, 2019 | July 31, 2021 |
USAA New York Bond Fund Shares | 0.65% | July 1, 2019 | July 31, 2021 |
USAA New York Bond Institutional Shares | 0.61% | June 29, 20201 | July 31, 2021 |
USAA Target Managed Allocation Fund | 0.65% | July 1, 2019 | July 31, 2021 |
USAA Tax Exempt Intermediate-Term | 0.75% | July 1, 2019 | July 31, 2021 |
Fund Class A |
|
|
|
USAA Tax Exempt Intermediate-Term | 0.48% | July 1, 2019 | July 31, 2021 |
Fund Shares |
|
|
|
USAA Tax Exempt Intermediate-Term | 0.44% | June 29, 20201 | July 31, 2021 |
Institutional Shares |
|
|
|
USAA Tax Exempt Long-Term Fund Class A | 0.70% | July 1, 2019 | July 31, 2021 |
USAA Tax Exempt Long-Term Fund Shares | 0.48% | July 1, 2019 | July 31, 2021 |
USAA Tax Exempt Long-Term Institutional | 0.44% | June 29, 20201 | July 31, 2021 |
Shares |
|
|
|
USAA Tax Exempt Money Market Fund | 0.56% | July 1, 2019 | July 31, 2021 |
USAA Tax Exempt Short-Term Fund Class | 0.75% | July 1, 2019 | July 31, 2021 |
A |
|
|
|
USAA Tax Exempt Short-Term Fund Shares | 0.51% | July 1, 2019 | July 31, 2021 |
USAA Tax Exempt Short-Term Institutional | 0.47% | June 29, 20201 | July 31, 2021 |
Shares |
|
|
|
USAA Virginia Bond Fund Class A | 0.80% | July 1, 2019 | July 31, 2021 |
USAA Virginia Bond Fund Shares | 0.54% | July 1, 2019 | July 31, 2021 |
USAA Virginia Bond Institutional Shares | 0.50% | June 29, 20201 | July 31, 2021 |
1Or inception date, if later.
A-1
| Maximum |
|
|
Fund/Class | Operating | Effective Date of | Date of |
May 31 FYE Funds | Expense Limit | Waiver | Termination |
USAA Cornerstone Aggressive Fund | 1.10% | July 1, 2019 | June 30, 2021 |
USAA Cornerstone Conservative Fund | 0.10% | July 1, 2019 | June 30, 2021 |
USAA Cornerstone Equity Fund | 0.10% | July 1, 2019 | June 30, 2021 |
USAA Cornerstone Moderate Fund | 1.00% | July 1, 2019 | June 30, 2021 |
USAA Cornerstone Moderately Aggressive | 0.98% | July 1, 2019 | June 30, 2021 |
Fund |
|
|
|
USAA Cornerstone Moderately | 0.90% | July 1, 2019 | June 30, 2021 |
Conservative Fund |
|
|
|
USAA Emerging Markets Fund Class A | 1.75% | July 1, 2019 | June 30, 2021 |
USAA Emerging Markets Fund | 1.29% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Emerging Markets Fund Shares | 1.48% | July 1, 2019 | June 30, 2021 |
USAA Government Securities Fund Class A | 0.75% | July 1, 2019 | June 30, 2021 |
USAA Government Securities Fund | 0.39% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Government Securities Fund R6 | 0.35% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Government Securities Fund Shares | 0.48% | July 1, 2019 | June 30, 2021 |
USAA Growth and Tax Strategy Fund | 0.61% | July 1, 2019 | June 30, 2021, |
Shares |
|
| 2021 |
USAA Growth and Tax Strategy Fund | 0.57% | June 29, 20201 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Growth and Tax Strategy Fund Class | 0.86% | June 29, 20201 | June 30, 2021 |
A |
|
|
|
USAA Growth and Tax Strategy Fund Class | 1.61% | June 29, 20201 | June 30, 2021, |
C |
|
| 2021 |
USAA International Fund Class A | 1.35% | July 1, 2019 | June 30, 2021 |
USAA International Fund Institutional | 0.99% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA International Fund R6 Shares | 0.85% | July 1, 2019 | June 30, 2021 |
USAA International Fund Shares | 1.06% | July 1, 2019 | June 30, 2021 |
USAA Managed Allocation Fund | 0.74% | July 1, 2019 | June 30, 2021 |
USAA Precious Metals and Minerals Fund | 1.34% | July 1, 2019 | June 30, 2021 |
Class A |
|
|
|
USAA Precious Metals and Minerals Fund | 1.00% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Precious Metals and Minerals Fund | 1.27% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Treasury Money Market Trust | 0.35% | July 1, 2019 | June 30, 2021 |
USAA World Growth Fund Class A | 1.35% | July 1, 2019 | June 30, 2021 |
USAA World Growth Fund Institutional | 1.00% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
1Or inception date, if later.
A-2
| Maximum |
|
|
Fund/Class | Operating | Effective Date of | Date of |
May 31 FYE Funds | Expense Limit | Waiver | Termination |
USAA World Growth Fund Shares | 1.09% | July 1, 2019 | June 30, 2021 |
| Maximum |
|
|
Fund/Class | Operating | Effective Date of | Date of |
July 31 FYE Funds | Expense Limit | Waiver | Termination |
USAA Aggressive Growth Fund | 0.70% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Aggressive Growth Fund Shares | 0.75% | July 1, 2019 | June 30, 2021 |
USAA Capital Growth Fund Institutional | 1.10% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Capital Growth Fund Shares | 1.12% | July 1, 2019 | June 30, 2021 |
USAA Growth & Income Fund Institutional | 0.84% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Growth & Income Fund Class A | 1.15% | July 1, 2019 | June 30, 2021 |
USAA Growth & Income Fund Shares | 0.88% | July 1, 2019 | June 30, 2021 |
USAA Growth Fund Institutional Shares | 0.88% | July 1, 2019 | June 30, 2021 |
USAA Growth Fund Shares | 0.92% | July 1, 2019 | June 30, 2021 |
USAA High Income Fund Class A | 1.00% | July 1, 2019 | June 30, 2021 |
USAA High Income Fund Institutional | 0.73% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA High Income Fund R6 Shares | 0.65% | July 1, 2019 | June 30, 2021 |
USAA High Income Fund Shares | 0.83% | July 1, 2019 | June 30, 2021 |
USAA Income Fund Class A | 0.77% | July 1, 2019 | June 30, 2021 |
USAA Income Fund Institutional Shares | 0.46% | July 1, 2019 | June 30, 2021 |
USAA Income Fund R6 Shares | 0.39% | July 1, 2019 | June 30, 2021 |
USAA Income Fund Shares | 0.52% | July 1, 2019 | June 30, 2021 |
USAA Income Fund Class C | 1.43% | June 29, 20201 | June 30, 2021 |
USAA Income Stock Fund Institutional | 0.72% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Income Stock Fund R6 Shares | 0.65% | July 1, 2019 | June 30, 2021 |
USAA Income Stock Fund Shares | 0.76% | July 1, 2019 | June 30, 2021 |
USAA Intermediate-Term Fund Class A | 0.87% | July 1, 2019 | June 30, 2021 |
USAA Intermediate-Term Fund Class C | 1.53% | June 29, 20201 | June 30, 2021 |
USAA Intermediate-Term Fund | 0.52% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Intermediate-Term Fund R6 Shares | 0.39% | July 1, 2019 | June 30, 2021 |
USAA Intermediate-Term Fund Shares | 0.59% | July 1, 2019 | June 30, 2021 |
USAA Money Market Fund | 0.62% | July 1, 2019 | June 30, 2021 |
USAA Science & Technology Fund Class A | 1.34% | July 1, 2019 | June 30, 2021 |
USAA Science & Technology Fund Shares | 1.06% | July 1, 2019 | June 30, 2021 |
1Or inception date, if later.
A-3
USAA Short-Term Bond Fund Class A | 0.73% | July 1, 2019 | June 30, 2021 |
USAA Short-Term Bond Fund Institutional | 0.43% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Short-Term Bond Fund R6 Shares | 0.39% | July 1, 2019 | June 30, 2021 |
USAA Short-Term Bond Fund Shares | 0.53% | July 1, 2019 | June 30, 2021 |
USAA Small Cap Stock Fund Institutional | 0.98% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Small Cap Stock Fund Shares | 1.10% | July 1, 2019 | June 30, 2021 |
USAA Value Fund Class A | 1.27% | July 1, 2019 | June 30, 2021 |
USAA Value Fund Institutional Shares | 0.88% | July 1, 2019 | June 30, 2021 |
USAA Value Fund Shares | 0.96% | July 1, 2019 | June 30, 2021 |
|
|
|
|
| Maximum |
|
|
Fund/Class | Operating | Effective Date of | Date of |
December 31 FYE Funds | Expense Limit | Waiver | Termination |
USAA 500 Index Fund Member Shares | 0.25% | July 1, 2019 | June 30, 2021 |
USAA 500 Index Fund Reward Shares | 0.15% | July 1, 2019 | June 30, 2021 |
USAA Extended Market Index Fund Shares | 0.43% | July 1, 2019 | June 30, 2021 |
USAA Global Managed Volatility Fund | 0.70% | July 1, 2019 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA Global Managed Volatility Fund | 0.90% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA NASDAQ-100 Index Fund R6 Shares | 0.40% | July 1, 2019 | June 30, 2021 |
USAA NASDAQ-100 Index Fund Shares | 0.48% | July 1, 2019 | June 30, 2021 |
USAA NASDAQ-100 Index Fund | 0.44% | June 29, 20201 | June 30, 2021 |
Institutional Shares |
|
|
|
USAA NASDAQ-100 Index Fund Class A | 0.70% | June 29, 20201 | June 30, 2021 |
USAA NASDAQ-100 Index Fund Class C | 1.45% | June 29, 20201 | June 30, 2021 |
USAA Target Retirement 2020 Fund | 0.04% | July 1, 2019 | July 31, 2021 |
USAA Target Retirement 2030 Fund | 0.03% | July 1, 2019 | June 30, 2021 |
USAA Target Retirement 2040 Fund | 0.02% | July 1, 2019 | June 30, 2021 |
USAA Target Retirement 2050 Fund | 0.04% | July 1, 2019 | June 30, 2021 |
USAA Target Retirement 2060 Fund | 0.10% | July 1, 2019 | June 30, 2021 |
USAA Target Retirement Income Fund | 0.07% | July 1, 2019 | July 31, 2021 |
USAA Ultra | 0.55% | July 1, 2019 | June 30, 2021 |
Short-Term Bond Fund Institutional |
|
|
|
Shares |
|
|
|
USAA Ultra Short-Term Bond Fund R6 | 0.39% | July 1, 2019 | June 30, 2021 |
Shares |
|
|
|
USAA Ultra Short-Term Bond Fund Shares | 0.60% | July 1, 2019 | June 30, 2021 |
USAA Ultra Short-Term Bond Fund Class A | 0.85% | June 29, 20201 | June 30, 2021 |
1Or inception date, if later.
A-4