USAA MUTUAL FUNDS TRUST
Interfund Lending N-CEN Certification
Period Ending July 31, 2020

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.


___________Amy Campos_____________________	______10/13/2020____
Amy Campos						Date
Chief Compliance Officer
USAA Funds