USAA MUTUAL FUNDS TRUST
Interfund Lending N-CEN Certification
Period Ending December 31, 2021

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.

March 14, 2022
Date
/s/ Colin Kinney
Chief Compliance Officer
Victory Funds