SEMIANNUAL REPORT - USAA.com

INVESTMENTS
Principal
Market
Amount Coupon Final Value
(000) Security Rate Maturity (000)
FIXED-RATE INSTRUMENTS (47.6%)
Alabama (0.3%)
$ 1,200 Montgomery Medical Clinic Board 4.50% 3/01/2014 $ 1,218
2,480 Montgomery Medical Clinic Board 4.50 3/01/2015 2,594
2,595 Montgomery Medical Clinic Board 4.50 3/01/2016 2,775
6,587
Arizona (0.5%)
1,000 Pinal County Correctional Facilities IDA (INS) 5.25 10/01/2013 1,000
1,710 Pinal County Correctional Facilities IDA (INS) 5.25 10/01/2014 1,765
5,365 State (INS) 5.00 10/01/2015 5,803
1,000 Yavapai County IDA 5.00 8/01/2019 1,097
1,105 Yavapai County IDA 5.00 8/01/2020 1,212
10,877
California (3.9%)
5,000 Golden State Tobacco Securitization Corp. 5.00 6/01/2015 5,252
7,000 Golden State Tobacco Securitization Corp. 5.00 6/01/2016 7,535
3,000 Golden State Tobacco Securitization Corp. 5.00 6/01/2017 3,291
1,125 Irvine 5.00 9/02/2021 1,230
5,000 Irvine USD Community Facilities District (INS) 5.00 9/01/2014 5,193
3,730 Irvine USD Community Facilities District (INS) 5.00 9/01/2015 4,008
5,885 Irvine USD Community Facilities District (INS) 5.00 9/01/2016 6,482
500 Los Angeles County 5.00 3/01/2021 578
1,000 Los Angeles County 5.00 9/01/2021 1,158
3,785 Lynwood USD 1.10 (a) 8/01/2014 3,767
14,785 Public Works Board 5.00 10/01/2015 16,143
2,000 Public Works Board 5.00 4/01/2019 2,335
2,700 Public Works Board 5.00 11/01/2019 3,174
1,000 Public Works Board 5.00 4/01/2020 1,172
1,500 Public Works Board 5.00 4/01/2021 1,738
2,000 Salinas USD (INS) 4.21 (a) 6/01/2014 1,995
1,000 Salinas USD (INS) 4.21 (a) 10/01/2014 995
15,000 State 5.00 10/01/2017 17,323
83,369
Colorado (0.7%)
125 Beacon Point Metropolitan District
(LOC - Compass Bank) 4.38 12/01/2015 125
1,865 Denver Health and Hospital Auth. 5.00 12/01/2014 1,943
1,000 Denver Health and Hospital Auth. 5.00 12/01/2015 1,073
1,475 Denver Health and Hospital Auth. 5.00 12/01/2016 1,617
18 | USAA Tax Exempt Short-Term Fund