USAA MUTUAL FUNDS TRUST
Interfund Lending N-CEN Certification
Period Ending December 31, 2019

In regards to the InterFund Lending Program, I certify that
the Adviser on behalf of the Funds has implemented procedures
reasonably designed to achieve compliance with the terms and
conditions of the InterFund Lending Order which includes the
following objectives: (a) that the InterFund Loan rate will be
higher than the Repo Rate, but lower than the Bank Loan Rate;
(b) compliance with the collateral requirements as set forth in
the Application; (c) Compliance with the percentage limitations
on interfund borrowing and lending; (d) Allocation of the interfund
borrowing and lending demand in an equitable manner and in
accordance with procedures established by the Trustees; and (e)
that the InterFund Loan Rate does not exceed the interest rate on
any third-party borrowings of a borrowing Fund at the time of the
InterFund Loan.


__/s/ Amy Campos____________ _______March 13, 2020______________
Amy Campos				Date
Chief Compliance Officer
USAA Funds