Common use of Subcustody Clause in Contracts

Subcustody. The Subcustodian shall maintain custodian accounts for the Funds ("Subscription Accounts"). Checks issued in payment for purchases of the Funds' shares ("Subscription Checks") shall be deposited by AFS with the Subcustodian and AFS shall instruct Subcustodian into which Subscription Account to deposit such checks. The Subcustodian shall debit AFS account no. 100366815 (the "Bounced Check Account") for the aggregate amount of all Subscription Checks returned to the Subcustodian for non-payment ("Return Items"), informing AFS daily of any returned Subscription Checks. In the event that the available funds in the Bounced Check Account are insufficient to cover the amount of the Return Items, Subcustodian shall promptly notify Transfer Agent in writing of the amount of such insufficiency. Upon receipt of such written notice, Transfer Agent agrees to remit to Subcustodian the full amount of such insufficiency. Each business day AFS shall provide instructions to the Subcustodian to wire transfer certain funds to Boston Safe Deposit & Trust Company and other entities that AFS may specify from time to time, which shall deposit the proceeds of such wire transfers from the Subcustodian into the Settlement Account at Boston Safe Deposit & Trust Company. The Subcustodian agrees that it will comply with the instructions of AFS so long as the instructions do not require the transfer of funds in an amount in excess of the aggregate of the ledger balances in the Subscription Accounts in question and the Subcustodian is not prohibited from making the transfer by applicable law or regulation. Boston Safe Deposit & Trust Company will net the Subscription Check proceeds with the redemption proceeds and the net amount will be wired to the Settlement Account at the Custodian. The Funds will compensate the Subcustodian for (i) service fees charged by the Subcustodian for processing Subscription Checks as set forth on Schedule 1 to this Agreement (these amounts will be paid monthly and computed based on overall account relationship), (ii) other miscellaneous fees as described in Schedule 1 and (iii) Return Items not paid by the Transfer Agent within five (5) days following a payment by Subcustodian pursuant to paragraph 2 hereof.

Subcustody. The Subcustodian shall agrees to maintain custodian one or more custodial accounts for the Funds ("Subscription Accounts"). Checks ) for the Fund in which checks ("Subscription Checks") issued in payment for purchases of the Funds' Fund shares ("Subscription Checks") shall be deposited by AFS with USAA Transfer Agency Company d/b/a USAA Shareholder Account Services ("Transfer Agent"), transfer agent of the Subcustodian and AFS shall instruct Subcustodian into which Subscription Account to deposit such checksFund (the "Transfer Agent"). The Subcustodian shall further agrees to debit AFS IMCO account no. 100366815 06407080765 (the "Bounced Check Return Item Account") for the aggregate amount of all Subscription Checks returned to the Subcustodian for non-payment ("Return Items"), informing AFS Transfer Agent daily of any returned Subscription Checks. In the event that the available funds in the Bounced Check Return Item Account are insufficient to cover the amount of the Return Items, Subcustodian shall will promptly notify Transfer Agent in writing by telephone of the amount of such insufficiency. Upon receipt of such written telephone notice, Transfer Agent agrees to remit to Subcustodian the full amount of any such insufficiency. Each business day AFS shall provide the Subcustodian agrees to, based upon instructions by Transfer Agent, remit to the Subcustodian to Custodian by wire (in immediately available funds) transfer certain funds to Boston Safe Deposit & Trust Company and other entities that AFS may specify from time to time, which shall deposit the proceeds amounts of such wire transfers from the Subcustodian into the Settlement Account at Boston Safe Deposit & Trust Company. The Subcustodian agrees that it will comply with the instructions of AFS so long as the instructions do not require the transfer of funds in an amount in excess of the aggregate of the ledger balances Subscription Checks deposited in the Subscription Accounts in question and Account on the preceding business day notwithstanding whether the Subcustodian is not prohibited from making the transfer by applicable law or regulation. Boston Safe Deposit & Trust Company will net the Subscription Check proceeds with the redemption proceeds and the net amount will be wired to the Settlement Account at the Custodianhas collected good funds in respect of such checks. The Funds Fund will compensate the Subcustodian for (i) estimated earnings lost on amounts wired to the Custodian in payment of Subscription Checks during the period from the date wire payment is made through the date good funds on such checks are received by the Subcustodian, (ii) for service fees charged by the Subcustodian for processing Subscription Checks as set forth on in Schedule 1 to this Agreement (these amounts will be paid monthly and computed based on an overall account relationship), (iiiii) other miscellaneous fees as described in Schedule 1 1, and (iiiiv) Return Items not paid by the Transfer Agent or USAA Investment Management Company ("IMCO") within five (5) business days following a request for payment by Subcustodian pursuant to paragraph 2 hereofthis paragraph.

Subcustody. The Subcustodian shall agrees to maintain custodian one or more custodial accounts for the Funds ("Subscription Accounts"). Checks ) for the Fund in which checks ("Subscription Checks") issued in payment for purchases of the Funds' Fund shares ("Subscription Checks") shall be deposited by AFS with USAA Transfer Agency Company d/b/a USAA Shareholder Account Services ("Transfer Agent"), transfer agent of the Subcustodian and AFS shall instruct Subcustodian into which Subscription Account to deposit such checksFund (the "Transfer Agent"). The Subcustodian shall further agrees to debit AFS IMCO account no. 100366815 06407080765 (the "Bounced Check Return Item Account") for the aggregate amount of all Subscription Checks returned to the Subcustodian for non-payment ("Return Items"), informing AFS Transfer Agent daily of any returned Subscription Checks. In the event that the available funds in the Bounced Check Return Item Account are insufficient to cover the amount of the Return Items, Subcustodian shall will promptly notify Transfer Agent in writing by telephone of the amount of such insufficiency. Upon receipt of such written telephone notice, Transfer Agent agrees to remit to Subcustodian the full amount of any such insufficiency. Each business day AFS shall provide the Subcustodian agrees to, based upon instructions by Transfer Agent, remit to the Subcustodian to Custodian by wire (in immediately available funds) transfer certain funds to Boston Safe Deposit & Trust Company and other entities that AFS may specify from time to time, which shall deposit the proceeds amounts of such wire transfers from the Subcustodian into the Settlement Account at Boston Safe Deposit & Trust Company. The Subcustodian agrees that it will comply with the instructions of AFS so long as the instructions do not require the transfer of funds in an amount in excess of the aggregate of the ledger balances Subscription Checks deposited in the Subscription Accounts in question and Account on the preceding business day notwithstanding whether the Subcustodian is not prohibited from making the transfer by applicable law or regulation. Boston Safe Deposit & Trust Company will net the Subscription Check proceeds with the redemption proceeds and the net amount will be wired to the Settlement Account at the Custodianhas collected good funds in respect of such checks. The Funds Fund will compensate the Subcustodian for (i) estimated earnings lost on amounts wired to the Custodian in payment of Subscription Checks during the period from the date wire payment is made through the date good funds on such checks are received by the Subcustodian, (ii) for service fees charged by the Subcustodian for processing Subscription Checks as set forth on in Schedule 1 to this Agreement (these amounts will be paid monthly and computed based on an overall account relationship), (iiiii) other miscellaneous fees as described in Schedule 1 1, and (iiiiv) Return Items not paid by the Transfer Agent or USAA Investment Management Company ("IMCO") within five (5) business days following a request for payment by Subcustodian pursuant to paragraph 2 hereof.this paragraph. 982510 v2

Subcustody. The Subcustodian shall agrees to maintain custodian one or more custodial accounts for the Funds ("Subscription Accounts"). Checks ) for the Funds in which checks ("Subscription Checks") issued in payment for purchases of the Funds' Fund shares ("Subscription Checks") shall be deposited by AFS with USAA Shareholder Account Services ("USAA SAS"), transfer agent of the Subcustodian and AFS shall instruct Subcustodian into which Subscription Account to deposit such checksFunds (the "Transfer Agent"). The Subcustodian shall further agrees to debit AFS USAA IMCO account no. 100366815 06407080765 (the "Bounced Check Return Item Account") for the aggregate amount of all Subscription Checks returned to the Subcustodian for non-payment ("Return Items"), informing AFS USAA SAS daily of any returned Subscription Checks. In the event that the available funds in the Bounced Check Return Item Account are insufficient to cover the amount of the Return Items, Subcustodian shall will promptly notify Transfer Agent in writing by telephone of the amount of such insufficiency. Upon receipt of such written telephone notice, Transfer Agent agrees to remit to Subcustodian the full amount of any such insufficiency. Each business day AFS shall provide the Subcustodian agrees to, based upon instructions by USAA SAS, remit to the Subcustodian to Custodian by wire transfer certain funds to Boston Safe Deposit & Trust Company and other entities that AFS may specify from time to time, which shall deposit the proceeds amounts of such wire transfers from the Subcustodian into the Settlement Account at Boston Safe Deposit & Trust Company. The Subcustodian agrees that it will comply with the instructions of AFS so long as the instructions do not require the transfer of funds in an amount in excess of the aggregate of the ledger balances Subscription Checks deposited in the Subscription Accounts in question and Account on the preceding business day notwithstanding whether the Subcustodian is not prohibited from making the transfer by applicable law or regulation. Boston Safe Deposit & Trust Company will net the Subscription Check proceeds with the redemption proceeds and the net amount will be wired to the Settlement Account at the Custodianhas collected good funds in respect of such checks. The Funds will compensate the Subcustodian for (i) estimated earnings lost on amounts wired to the custodian in payment of Subscription Checks during the period from the date wire payment is made through the date good funds on such checks are received by the Subcustodian, (ii) for service fees charged by the Subcustodian for processing Subscription Checks as set forth on in Schedule 1 to this Agreement (these These amounts will be paid monthly and computed based on an overall account relationship.), (iiiii) other miscellaneous fees as described in Schedule 1 1, and (iiiiv) Return Items not paid by the Transfer Agent or the USAA Investment Management Company (USAA IMCO) within five (5) business days following a request for payment by Subcustodian pursuant to paragraph Paragraph 2 hereof.