TO THE EXPENSE LIMITATION AGREEMENT
SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT
DATED June 29, 2022
OPERATING EXPENSE LIMITS
Fund/Class |
Maximum |
Effective Date of |
Date of |
Operating | |||
March 31 FYE Funds |
Expense Limit |
Waiver |
Termination |
USAA California Bond Fund Class A |
0.80% |
June 29, 2022 |
July 31, 2023 |
USAA California Bond Fund Shares |
0.54% |
June 29, 2022 |
July 31, 2023 |
USAA California Bond Institutional Shares |
0.50% |
June 29, 2022 |
July 31, 2023 |
USAA Global Equity Income Fund |
0.90% |
June 29, 2022 |
July 31, 2023 |
Institutional Shares |
|
|
|
USAA Global Equity Income Fund Shares |
1.00% |
June 29, 2022 |
July 31, 2023 |
USAA New York Bond Fund Class A |
0.90% |
June 29, 2022 |
July 31, 2023 |
USAA New York Bond Fund Shares |
0.65% |
June 29, 2022 |
July 31, 2023 |
USAA New York Bond Institutional Shares |
0.61% |
June 29, 2022 |
July 31, 2023 |
USAA Target Managed Allocation Fund |
0.65% |
June 29, 2022 |
July 31, 2023 |
USAA Tax Exempt Intermediate-Term |
0.75% |
June 29, 2022 |
July 31, 2023 |
Fund Class A |
|
|
|
USAA Tax Exempt Intermediate-Term |
0.48% |
June 29, 2022 |
July 31, 2023 |
Fund Shares |
|
|
|
USAA Tax Exempt Intermediate-Term |
0.44% |
June 29, 2022 |
July 31, 2023 |
Institutional Shares |
|
|
|
USAA Tax Exempt Long-Term Fund Class A |
0.70% |
June 29, 2022 |
July 31, 2023 |
USAA Tax Exempt Long-Term Fund Shares |
0.48% |
June 29, 2022 |
July 31, 2023 |
USAA Tax Exempt Long-Term Institutional |
0.44% |
June 29, 2022 |
July 31, 2023 |
Shares |
|
|
|
USAA Tax Exempt Money Market Fund |
0.56% |
June 29, 2022 |
July 31, 2023 |
USAA Tax Exempt Short-Term Fund Class |
0.75% |
June 29, 2022 |
July 31, 2023 |
A |
|
|
|
USAA Tax Exempt Short-Term Fund Shares |
0.51% |
June 29, 2022 |
July 31, 2023 |
USAA Tax Exempt Short-Term Institutional |
0.47% |
June 29, 2022 |
July 31, 2023 |
Shares |
|
|
|
USAA Xxxxxxxx Xxxx Fund Class A |
0.80% |
June 29, 2022 |
July 31, 2023 |
USAA Xxxxxxxx Xxxx Fund Shares |
0.54% |
June 29, 2022 |
July 31, 2023 |
USAA Xxxxxxxx Xxxx Institutional Shares |
0.50% |
June 29, 2022 |
July 31, 2023 |
A-1
Fund/Class |
Maximum |
Effective Date |
|
Operating |
Date of Termination | ||
May 31 FYE Funds |
Expense Limit |
of Waiver |
|
USAA Cornerstone Aggressive Fund |
1.10% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Cornerstone Conservative Fund |
0.10% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Cornerstone Equity Fund |
0.10% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Cornerstone Moderate Fund |
1.00% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Cornerstone Moderately Aggressive |
0.98% |
June 29, 2022 |
September |
Fund |
|
|
30, 2023 |
USAA Cornerstone Moderately |
0.90% |
June 29, 2022 |
September |
Conservative Fund |
|
|
30, 2023 |
USAA Emerging Markets Fund Class A |
1.75% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Emerging Markets Fund |
1.29% |
June 29, 2022 |
September |
Institutional Shares |
|
|
30, 2023 |
USAA Emerging Markets Fund Shares |
1.48% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Government Securities Fund Class A |
0.75% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Government Securities Fund |
0.39% |
June 29, 2022 |
September |
Institutional Shares |
|
|
30, 2023 |
USAA Government Securities Fund R6 |
0.35% |
June 29, 2022 |
September |
Shares |
|
|
30, 2023 |
USAA Government Securities Fund Shares |
0.48% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Growth and Tax Strategy Fund |
0.61% |
June 29, 2022 |
September |
Shares |
|
|
30, 2023 |
USAA Growth and Tax Strategy Fund |
0.57% |
June 29, 2022 |
September |
Institutional Shares |
|
|
30, 2023 |
USAA Growth and Tax Strategy Fund Class |
0.86% |
June 29, 2022 |
September |
A |
|
|
30, 2023 |
USAA Growth and Tax Strategy Fund Class |
1.61% |
June 29, 2022 |
September |
C |
|
|
30, 2023 |
USAA International Fund Class A |
1.35% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA International Fund Institutional |
0.99% |
June 29, 2022 |
September |
Shares |
|
|
30, 2023 |
USAA International Fund R6 Shares |
0.85% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA International Fund Shares |
1.06% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Managed Allocation Fund |
0.74% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA Precious Metals and Minerals Fund |
1.34% |
June 29, 2022 |
September |
Class A |
|
|
30, 2023 |
A-2
USAA Precious Metals and Minerals Fund |
1.00% |
June 29, 2022 |
September |
Institutional Shares |
|
|
30, 2023 |
USAA Precious Metals and Minerals Fund |
1.27% |
June 29, 2022 |
September |
Shares |
|
|
30, 2023 |
USAA Treasury Money Market Trust |
0.35% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA World Growth Fund Class A |
1.35% |
June 29, 2022 |
September |
|
|
|
30, 2023 |
USAA World Growth Fund Institutional |
1.00% |
June 29, 2022 |
September |
Shares |
|
|
30, 2023 |
USAA World Growth Fund Shares |
1.09% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
A-3
Fund/Class |
Maximum |
Effective Date |
|
Operating |
Date of Termination | ||
July 31 FYE Funds |
Expense Limit |
of Waiver |
|
USAA Aggressive Growth Fund |
0.70% |
June 29, 2022 |
November 30, |
Institutional Shares |
|
|
2023 |
USAA Aggressive Growth Fund Shares |
0.75% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Capital Growth Fund Institutional |
1.10% |
June 29, 2022 |
November 30, |
Shares |
|
|
2023 |
USAA Capital Growth Fund Shares |
1.12% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Growth & Income Fund Institutional |
0.84% |
June 29, 2022 |
November 30, |
Shares |
|
|
2023 |
USAA Growth & Income Fund Class A |
1.15% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Growth & Income Fund Shares |
0.88% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Growth Fund Institutional Shares |
0.88% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Growth Fund Shares |
0.92% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA High Income Fund Class A |
1.00% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA High Income Fund Institutional |
0.73% |
June 29, 2022 |
November 30, |
Shares |
|
|
2023 |
USAA High Income Fund R6 Shares |
0.65% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA High Income Fund Shares |
0.83% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Fund Class A |
0.77% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Fund Institutional Shares |
0.46% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Fund R6 Shares |
0.39% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Fund Shares |
0.52% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Fund Class C |
1.43% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Stock Fund Institutional |
0.72% |
June 29, 2022 |
November 30, |
Shares |
|
|
2023 |
USAA Income Stock Fund R6 Shares |
0.65% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Income Stock Fund Shares |
0.76% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Intermediate-Term Fund Class A |
0.87% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Intermediate-Term Fund Class C |
1.53% |
June 29, 2022 |
November 30, |
A-4
|
|
|
2023 |
USAA Intermediate-Term Fund |
0.52% |
June 29, 2022 |
November 30, |
Institutional Shares |
|
|
2023 |
USAA Intermediate-Term Fund R6 Shares |
0.39% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Intermediate-Term Fund Shares |
0.59% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Money Market Fund |
0.62% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Science & Technology Fund Class A |
1.34% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
USAA Science & Technology Fund Shares |
1.06% |
June 29, 2022 |
November 30, |
|
|
|
2023 |
A-5
USAA Short-Term Bond Fund Class A |
0.73% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Short-Term Bond Fund Institutional |
0.43% |
June 29, |
November 30, |
Shares |
|
2022 |
2023 |
USAA Short-Term Bond Fund R6 Shares |
0.39% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Short-Term Bond Fund Shares |
0.53% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Small Cap Stock Fund Institutional |
0.98% |
June 29, |
November 30, |
Shares |
|
2022 |
2023 |
USAA Small Cap Stock Fund Shares |
1.10% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Value Fund Class A |
1.27% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Value Fund Institutional Shares |
0.88% |
June 29, |
November 30, |
|
|
2022 |
2023 |
USAA Value Fund Shares |
0.96% |
June 29, |
November 30, |
|
|
2022 |
2023 |
|
|
|
|
Fund/Class |
Maximum |
Effective Date |
Date of Termination |
Operating | |||
December 31 FYE Funds |
Expense Limit |
of Waiver |
|
USAA 500 Index Fund Member Shares |
0.25% |
July 1, 2019 |
June 30, 2023 |
USAA 500 Index Fund Reward Shares |
0.15% |
July 1, 2019 |
June 30, 2023 |
USAA Extended Market Index Fund Shares |
0.43% |
July 1, 2019 |
June 30, 2023 |
USAA Global Managed Volatility Fund |
0.70% |
July 1, 2019 |
June 30, 2023 |
Institutional Shares |
|
|
|
USAA Global Managed Volatility Fund |
0.90% |
July 1, 2019 |
June 30, 2023 |
Shares |
|
|
|
USAA NASDAQ-100 Index Fund R6 Shares |
0.40% |
July 1, 2019 |
June 30, 2023 |
USAA NASDAQ-100 Index Fund Shares |
0.48% |
July 1, 2019 |
June 30, 2023 |
USAA NASDAQ-100 Index Fund |
0.44% |
June 29, 2020 |
June 30, 2023 |
Institutional Shares |
|
|
|
USAA NASDAQ-100 Index Fund Class A |
0.70% |
June 29, 2020 |
June 30, 2023 |
USAA NASDAQ-100 Index Fund Class C |
1.45% |
June 29, 2020 |
June 30, 2023 |
USAA Target Retirement 2020 Fund |
0.04% |
July 1, 2019 |
June 30, 2023 |
USAA Target Retirement 2030 Fund |
0.03% |
July 1, 2019 |
June 30, 2023 |
USAA Target Retirement 2040 Fund |
0.02% |
July 1, 2019 |
June 30, 2023 |
USAA Target Retirement 2050 Fund |
0.04% |
July 1, 2019 |
June 30, 2023 |
USAA Target Retirement 2060 Fund |
0.10% |
July 1, 2019 |
June 30, 2023 |
USAA Target Retirement Income Fund |
0.07% |
July 1, 2019 |
June 30, 2023 |
USAA Ultra |
0.55% |
July 1, 2019 |
June 30, 2023 |
Short-Term Bond Fund Institutional |
|
|
|
Shares |
|
|
|
USAA Ultra Short-Term Bond Fund R6 |
0.39% |
July 1, 2019 |
June 30, 2023 |
Shares |
|
|
|
USAA Ultra Short-Term Bond Fund Shares |
0.60% |
July 1, 2019 |
June 30, 2023 |
USAA Ultra Short-Term Bond Fund Class A |
0.85% |
June 29, 2020 |
June 30, 2023 |
A-6
