AMENDMENT NO.11 TO

SUB-ADMINISTRATION AND SUB-FUND ACCOUNTING

SERVICES AGREEMENT

THIS AMENDMENT made as of August 30, 2022 ("Amendment") to that certain Sub- Administration and Sub-Fund Accounting Services Agreement dated as of October 1, 2015 (as amended and in effect as of the date hereof, "Agreement"), by and between Victory Capital Management Inc. ("Client") and Citi Fund Services Ohio, Inc. ("Service Provider" and, with the Client, referred to herein individually as "Party" and collectively as "Parties"). All capitalized terms used but not defined herein shall have the meaning given to them in the Agreement.

WHEREAS, the Service Provider performs certain sub-administrative and sub-accounting services for the Client pursuant to the Agreement;

WHEREAS, the Client desire to remove certain Funds that have been closed from Schedule 6 to the Agreement.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties hereby agree as follows:

1.List of Funds (Schedule 6)

Schedule 6 of the Agreement is deleted and replaced with Schedule 6 attached hereto.

2.Representations and Warranties.

(a)Each Party represents and warrants to the other that it has full power and authority to enter into and perform this Amendment, that this Amendment has been duly authorized and, when executed and delivered by it, will constitute a legal, valid and binding obligation of it, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.

(b)The Client represents that it has provided this Amendment to the Boards.

3.Miscellaneous.

(a)This Amendment supplements and amends the Agreement. The provisions set forth in this Amendment supersede all prior negotiations, understandings and agreements bearing upon the subject matter covered herein, including any conflicting provisions of the Agreement or any provisions of the Agreement that directly cover or indirectly bear upon matters covered under this Amendment.

(b)Each reference to the Agreement in the Agreement and in every other agreement, contract or instrument to which the Parties are bound, shall hereafter be construed as a reference to the Agreement as separately amended by this Amendment. Except as provided in this Amendment, the provisions of the Agreement remain in full force and

effect. No amendment or modification to this Amendment shall be valid unless made in writing and executed by each Party hereto.

(c)Paragraph headings in this Amendment are included for convenience only and are not to be used to construe or interpret this Amendment.

(d)This Amendment may be executed in counterparts, each of which shall be an original but all of which, taken together, shall constitute one and the same agreement.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed all as of the day and year first above written.

Victory Capital Management Inc.

Citi Fund Services Ohio, Inc.

By:

/s/ Michael Policarpo

By:

/s/ Patrick Curtin

Name:

Michael Policarpo

Name:

Patrick E. Curtin

Title:

President, CFO & CAO

Title:

Managing Director

Date:

9/26/2022

Date:

9/28/2022

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Schedule 6 to Services Agreement

List of Funds

Victory Portfolios

Victory RS Large Cap Alpha Fund

Victory Diversified Stock Fund

Victory RS Mid Cap Growth Fund

Victory Floating Rate Fund

Victory RS Partners Fund

Victory Global Energy Transition Fund

Victory RS Science and Technology Fund

Victory High Income Municipal Bond Fund

Victory RS Select Growth Fund

Victory High Yield Fund

Victory RS Small Cap Equity Fund

Victory INCORE Fund for Income

Victory RS Small Cap Growth Fund

Victory INCORE Investment Grade Convertible Fund

Victory RS Value Fund

Victory INCORE Investment Quality Bond Fund*

Victory S&P 500 Index Fund

Victory INCORE Low Duration Bond Fund

Victory Sophus Emerging Markets Fund

Victory INCORE Total Return Bond Fund

Victory Special Value Fund

Victory Integrity Discovery Fund

Victory Strategic Allocation Fund

Victory Integrity Mid-Cap Value Fund

Victory Sycamore Established Value Fund

Victory Integrity Small-Cap Value Fund

Victory Sycamore Small Company Opportunity Fund

Victory Integrity Small/Mid-Cap Value Fund

Victory Tax-Exempt Fund

Victory Munder Mid-Cap Core Growth Fund

Victory Trivalent International Fund-Core Equity

Victory Munder Multi-Cap Fund

Victory Trivalent International Small-Cap Fund

Victory Munder Small Cap Growth Fund

Victory THB US Small Opportunities Fund

Victory NewBridge Large Cap Growth Fund

 

Victory RS Global Fund

 

Victory RS Growth Fund

 

Victory RS International Fund

Victory RS Investors Fund

Victory Portfolios II

Victory US 500 Enhanced Volatility Wtd Index Fund

Victory Market Neutral Income Fund

Victory Variable Insurance Funds

Victory High Yield VIP Series

Victory RS International VIP Series

Victory RS Large Cap Alpha VIP Series

Victory RS Small Cap Growth Equity VIP Series

Victory 500 Index VIP Series

Victory Sophus Emerging Markets VIP Series

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Victory Portfolios II – ETFs

VictoryShares Developed Enhanced Volatility Wtd ETF

VictoryShares Dividend Accelerator ETF

VictoryShares Emerging Market High Div Volatility Wtd ETF

VictoryShares International High Div Volatility Wtd ETF

VictoryShares International Volatility Wtd ETF

VictoryShares US 500 Enhanced Volatility Wtd ETF

VictoryShares US 500 Volatility Wtd ETF

VictoryShares US Discovery Enhanced Volatility Wtd ETF

VictoryShares US EQ Income Enhanced Volatility Wtd ETF

VictoryShares US Large Cap High Div Volatility Wtd ETF

VictoryShares US Multi-Factor Minimum Volatility ETF

VictoryShares US Small Cap Volatility Wtd ETF

VictoryShares US Small Cap High Div Volatility Wtd ETF

VictoryShares USAA Core Intermediate-Term Bond ETF

VictoryShares USAA Core Short-Term Bond ETF

VictoryShares Emerging Markets Value Momentum ETF**

VictoryShares International Value Momentum ETF**

VictoryShares US Small Mid Cap Value Momentum ETF**

VictoryShares US Value Momentum ETF**

VictoryShares NASDAQ Next 50 ETF

VictoryShares THB Mid Cap ESG ETF

VictoryShares ESG Core Plus Bond ETF

VictoryShares ESG Corporate Bond ETF

VictoryShares WestEnd U.S. Sector ETF***

USAA MUTUAL FUNDS TRUST

USAA Small Cap Stock Fund

USAA 500 Index Fund

USAA Target Managed Allocation Fund

USAA Aggressive Growth Fund

USAA Target Retirement 2030 Fund

USAA California Bond Fund

USAA Target Retirement 2040 Fund

USAA Capital Growth Fund

USAA Target Retirement 2050 Fund

USAA Cornerstone Aggressive Fund

USAA Target Retirement 2060 Fund

USAA Cornerstone Conservative Fund

USAA Target Retirement Income Fund

USAA Cornerstone Equity Fund

USAA Tax Exempt Intermediate-Term Fund

USAA Cornerstone Moderate Fund

USAA Tax Exempt Long-Term Fund

USAA Cornerstone Moderately Aggressive Fund

USAA Tax Exempt Money Market Fund

USAA Cornerstone Moderately Conservative Fund

USAA Tax Exempt Short-Term Fund

USAA Emerging Markets Fund

USAA Treasury Money Market Trust

USAA Extended Market Index Fund

USAA Ultra Short-Term Bond Fund

USAA Global Equity Income Fund

USAA Value Fund

USAA Global Managed Volatility Fund

USAA Virginia Bond Fund

USAA Government Securities Fund

USAA Sustainable World Fund

USAA Growth & Income Fund

 

USAA Growth and Tax Strategy Fund

 

USAA Growth Fund

 

USAA High Income Fund

 

USAA Income Fund

 

USAA Income Stock Fund

 

USAA Intermediate-Term Bond Fund

 

USAA International Fund

 

USAA Money Market Fund

 

USAA Nasdaq-100 Index Fund

 

USAA New York Bond Fund

 

USAA Precious Metals and Minerals Fund

 

USAA Science & Technology Fund

 

USAA Short-Term Bond Fund

 

*Pending Liquidation on or about November 3, 2022

**Pending name change effective November 1, 2022

** Pending Launch

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