James K. DeVries
Victory Portfolios
15935 La Cantera Parkway
San Antonio, Texas 78256 |
Jay G. Baris
Sidley Austin LLP
787 Seventh Avenue
New York, New York 10019 |
Victory Global Energy Transition Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSNRX |
RGNCX |
— |
— |
— |
RSNYX |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
- |
|
- |
CLASS A After Taxes on Distributions |
- |
|
- |
CLASS A After Taxes on Distributions and Sale of Fund Shares |
- |
|
- |
CLASS C Before Taxes |
- |
|
- |
CLASS Y Before Taxes |
- |
|
- |
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
MSCI World Commodity Producers Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
S&P North American Natural Resources Sector Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
MacKenzie B. Davis |
Managing Partner, SailingStone |
Since 2005 |
Kenneth L. Settles Jr. |
Managing Partner, SailingStone |
Since 2007 |
Brian Lively |
Partner, SailingStone |
Since 2020 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages the Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
An investment in the
Fund is not a complete
investment program. |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Victory Global Energy Transition Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$717 |
$154 |
$159 |
$165 |
$170 |
$176 |
$182 |
$189 |
$195 |
$202 |
$2,309 |
Impact on Return |
$743 |
$188 |
$203 |
$219 |
$235 |
$253 |
$271 |
$291 |
$312 |
$334 |
$3,049 |
Class C Shares | |||||||||||
Expenses |
$231 |
$288 |
$294 |
$301 |
$307 |
$314 |
$321 |
$328 |
$189 |
$196 |
$2,769 |
Impact on Return |
$228 |
$296 |
$317 |
$339 |
$363 |
$388 |
$414 |
$442 |
$325 |
$348 |
$3,460 |
Class Y Shares | |||||||||||
Expenses |
$117 |
$128 |
$133 |
$138 |
$143 |
$149 |
$154 |
$160 |
$166 |
$173 |
$1,461 |
Impact on Return |
$115 |
$131 |
$143 |
$155 |
$168 |
$181 |
$196 |
$212 |
$228 |
$246 |
$1,775 |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $49,999 |
5.75% |
6.10% |
$50,000 up to $99,999 |
4.50% |
4.71% |
$100,000 up to $249,999 |
3.50% |
3.63% |
$250,000 up to $499,999 |
2.50% |
2.56% |
$500,000 up to $999,999 |
2.00% |
2.04% |
$1,000,000 and above1
|
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
The Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Fund's distribution schedule before you invest.
If you buy shares of the Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in the Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$30.30 |
$22.62 |
$12.36 |
$9.71 |
$12.86 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.42 |
0.25 |
(0.04) |
(0.01) |
—(b) |
Net realized and unrealized gains (losses) |
(3.05) |
7.67 |
10.30 |
2.67 |
(3.15) |
Total from Investment Activities |
(2.63) |
7.92 |
10.26 |
2.66 |
(3.15) |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.64) |
(0.24) |
— |
(0.01) |
— |
Total Distributions |
(0.64) |
(0.24) |
— |
(0.01) |
— |
Net Asset Value, End of Period |
$27.03 |
$30.30 |
$22.62 |
$12.36 |
$9.71 |
Total Return (excludes sales charge)(c) |
(8.68)% |
35.01% |
83.01% |
27.35% |
(24.49)% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.48% |
1.48% |
1.48% |
1.48% |
1.48% |
Net Investment Income (Loss) |
1.34% |
0.88% |
(0.21)% |
(0.15)% |
0.00%(e) |
Gross Expenses(d) |
1.55% |
1.53% |
1.58% |
1.79% |
1.69% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$62,033 |
$91,521 |
$78,317 |
$36,803 |
$32,630 |
Portfolio Turnover(f) |
47% |
64% |
79% |
46% |
24% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$26.76 |
$19.98 |
$11.00 |
$8.71 |
$11.63 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.15 |
0.01 |
(0.17) |
(0.07) |
(0.08) |
Net realized and unrealized gains (losses) |
(2.67) |
6.77 |
9.15 |
2.36 |
(2.84) |
Total from Investment Activities |
(2.52) |
6.78 |
8.98 |
2.29 |
(2.92) |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.37) |
—(b) |
— |
— |
— |
Total Distributions |
(0.37) |
—(b) |
— |
— |
— |
Net Asset Value, End of Period |
$23.87 |
$26.76 |
$19.98 |
$11.00 |
$8.71 |
Total Return (excludes contingent deferred
sales charge)(c) |
(9.42)% |
33.94% |
81.64% |
26.29% |
(25.11)% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.28% |
2.28% |
2.28% |
2.28% |
2.28% |
Net Investment Income (Loss) |
0.54% |
0.03% |
(1.02)% |
(0.92)% |
(0.81)% |
Gross Expenses(d) |
2.77% |
2.64% |
2.41% |
3.32% |
2.75% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,355 |
$2,396 |
$3,240 |
$2,385 |
$2,949 |
Portfolio Turnover(e) |
47% |
64% |
79% |
46% |
24% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$31.68 |
$23.64 |
$12.88 |
$10.11 |
$13.38 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.54 |
0.38 |
0.02 |
0.02 |
0.03 |
Net realized and unrealized gains (losses) |
(3.20) |
8.00 |
10.75 |
2.78 |
(3.27) |
Total from Investment Activities |
(2.66) |
8.38 |
10.77 |
2.80 |
(3.24) |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.76) |
(0.34) |
(0.01) |
(0.03) |
(0.03) |
Total Distributions |
(0.76) |
(0.34) |
(0.01) |
(0.03) |
(0.03) |
Net Asset Value, End of Period |
$28.26 |
$31.68 |
$23.64 |
$12.88 |
$10.11 |
Total Return(b) |
(8.37)% |
35.46% |
83.62% |
27.73% |
(24.25)% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.15% |
1.15% |
1.15% |
1.15% |
1.15% |
Net Investment Income (Loss) |
1.66% |
1.24% |
0.10% |
0.18% |
0.27% |
Gross Expenses(c) |
1.21% |
1.19% |
1.21% |
1.28% |
1.26% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$234,761 |
$314,108 |
$210,586 |
$119,237 |
$114,972 |
Portfolio Turnover(d) |
47% |
64% |
79% |
46% |
24% |
Victory RS Investors Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSINX |
RIVCX |
— |
— |
— |
RSIYX |
Victory RS Large Cap Alpha Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GPAFX |
RCOCX |
— |
— |
— |
RCEYX |
Victory RS Partners Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSPFX |
— |
— |
RSPKX |
RPPRX |
RSPYX |
Victory RS Value Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSVAX |
RVACX |
— |
— |
— |
RSVYX |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 3000® Value Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Robert J. Harris |
Chief Investment Officer |
Since 2019 |
Joseph M. Mainelli |
Investment Analyst |
Since 2013 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
Russell 1000® Value Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Robert J. Harris |
Chief Investment Officer |
Since 2014 |
Joseph M. Mainelli |
Investment Analyst |
Since 2012 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class R |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
|
Management Fees |
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement3
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS R Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2000® Value Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Robert J. Harris |
Chief Investment Officer |
Since 2019 |
Joseph M. Mainelli |
Investment Analyst |
Since 2013 |
Investment Minimums |
Class A |
Class R |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
None |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
None |
None |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
- |
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 1000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell Midcap® Value Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Robert J. Harris |
Chief Investment Officer |
Since 2014 |
Joseph M. Mainelli |
Investment Analyst |
Since 2013 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
|
Investors |
Large Cap Alpha |
Partners |
Value |
Equity Securities Risk |
X |
X |
X |
X |
Foreign Securities Risk |
X |
X |
X |
X |
General Market Risk |
X |
X |
X |
X |
Investment Style Risk |
X |
X |
X |
X |
Large-Capitalization Stock Risk |
X |
X |
|
|
Large Shareholder Risk |
X |
X |
X |
X |
Limited Portfolio Risk |
|
X |
X |
X |
Liquidity Risk |
X |
|
X |
X |
Management Risk |
X |
X |
X |
X |
Non-Diversified Risk |
X |
|
|
|
Sector Focus Risk |
X |
X |
X |
X |
Smaller-Capitalization Stock Risk |
X |
|
X |
X |
An investment in a
Fund is not a complete
investment program. |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Victory RS Investors Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$703 |
$162 |
$167 |
$173 |
$179 |
$185 |
$191 |
$198 |
$204 |
$211 |
$2,373 |
Impact on Return |
$729 |
$196 |
$211 |
$227 |
$244 |
$262 |
$281 |
$302 |
$323 |
$346 |
$3,121 |
Class C Shares | |||||||||||
Expenses |
$210 |
$354 |
$359 |
$365 |
$371 |
$377 |
$383 |
$389 |
$191 |
$196 |
$3,195 |
Impact on Return |
$207 |
$361 |
$385 |
$410 |
$436 |
$464 |
$493 |
$524 |
$351 |
$375 |
$4,006 |
Class Y Shares | |||||||||||
Expenses |
$107 |
$146 |
$151 |
$157 |
$163 |
$168 |
$174 |
$181 |
$187 |
$195 |
$1,629 |
Impact on Return |
$105 |
$149 |
$161 |
$175 |
$189 |
$204 |
$221 |
$238 |
$256 |
$276 |
$1,974 |
Victory RS Partners Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$703 |
$138 |
$143 |
$148 |
$154 |
$159 |
$165 |
$171 |
$177 |
$185 |
$2,143 |
Impact on Return |
$729 |
$172 |
$186 |
$200 |
$215 |
$232 |
$249 |
$267 |
$287 |
$307 |
$2,844 |
Class R Shares | |||||||||||
Expenses |
$172 |
$240 |
$246 |
$253 |
$260 |
$267 |
$274 |
$282 |
$289 |
$296 |
$2,579 |
Impact on Return |
$169 |
$245 |
$264 |
$283 |
$304 |
$327 |
$350 |
$375 |
$401 |
$429 |
$3,147 |
Class R6 Shares | |||||||||||
Expenses |
$91 |
$222 |
$228 |
$235 |
$241 |
$249 |
$256 |
$263 |
$271 |
$279 |
$2,335 |
Impact on Return |
$89 |
$223 |
$241 |
$259 |
$279 |
$300 |
$322 |
$345 |
$370 |
$396 |
$2,824 |
Class Y Shares | |||||||||||
Expenses |
$96 |
$120 |
$124 |
$129 |
$135 |
$140 |
$145 |
$151 |
$156 |
$162 |
$1,358 |
Impact on Return |
$94 |
$122 |
$133 |
$144 |
$156 |
$169 |
$183 |
$198 |
$213 |
$230 |
$1,642 |
Victory RS Value Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$700 |
$133 |
$138 |
$143 |
$150 |
$154 |
$160 |
$165 |
$172 |
$179 |
$2,094 |
Impact on Return |
$726 |
$167 |
$180 |
$194 |
$209 |
$225 |
$242 |
$260 |
$279 |
$299 |
$2,781 |
Class C Shares | |||||||||||
Expenses |
$210 |
$306 |
$312 |
$318 |
$325 |
$332 |
$339 |
$346 |
$162 |
$167 |
$2,817 |
Impact on Return |
$207 |
$313 |
$335 |
$358 |
$382 |
$408 |
$435 |
$464 |
$304 |
$325 |
$3,531 |
Class Y Shares |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Expenses |
$108 |
$113 |
$118 |
$122 |
$128 |
$132 |
$138 |
$143 |
$149 |
$154 |
$1,305 |
Impact on Return |
$106 |
$117 |
$127 |
$138 |
$149 |
$162 |
$175 |
$189 |
$204 |
$220 |
$1,587 |
Fund |
Advisory Fee |
Victory RS Investors Fund |
1.00% |
Victory RS Large Cap Alpha Fund |
0.50% |
Victory RS Partners Fund |
0.83%* |
Victory RS Value Fund |
0.85% |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $49,999 |
5.75% |
6.10% |
$50,000 up to $99,999 |
4.50% |
4.71% |
$100,000 up to $249,999 |
3.50% |
3.63% |
$250,000 up to $499,999 |
2.50% |
2.56% |
$500,000 up to $999,999 |
2.00% |
2.04% |
$1,000,000 and above1
|
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
A Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$13.10 |
$13.90 |
$12.84 |
$13.10 |
$10.68 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
—(b) |
(0.01) |
0.02 |
(0.01) |
—(b) |
Net realized and unrealized gains (losses) |
1.72 |
(0.26) |
3.25 |
(0.21) |
2.99 |
Total from Investment Activities |
1.72 |
(0.27) |
3.27 |
(0.22) |
2.99 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.03) |
(0.01) |
—(b) |
— |
— |
Net realized gains |
(0.08) |
(0.52) |
(2.21) |
(0.04) |
(0.57) |
Total Distributions |
(0.11) |
(0.53) |
(2.21) |
(0.04) |
(0.57) |
Net Asset Value, End of Period |
$14.71 |
$13.10 |
$13.90 |
$12.84 |
$13.10 |
Total Return (excludes sales charge)(c) |
13.17% |
(2.01)% |
25.74% |
(1.68)% |
28.01% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.33% |
1.33% |
1.33% |
1.33% |
1.33% |
Net Investment Income (Loss) |
0.01% |
(0.05)% |
0.13% |
(0.08)% |
0.03% |
Gross Expenses(d) |
1.63% |
1.64% |
1.66% |
1.71% |
1.62% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$15,515 |
$15,250 |
$15,039 |
$12,663 |
$16,906 |
Portfolio Turnover(e) |
36% |
69% |
68% |
66% |
64% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$10.93 |
$11.76 |
$11.22 |
$11.54 |
$9.53 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.08)(b) |
(0.10) |
(0.08) |
(0.08) |
(0.08) |
Net realized and unrealized gains (losses) |
1.42 |
(0.21) |
2.83 |
(0.20) |
2.66 |
Total from Investment Activities |
1.34 |
(0.31) |
2.75 |
(0.28) |
2.58 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
(0.08) |
(0.52) |
(2.21) |
(0.04) |
(0.57) |
Total Distributions |
(0.08) |
(0.52) |
(2.21) |
(0.04) |
(0.57) |
Net Asset Value, End of Period |
$12.19 |
$10.93 |
$11.76 |
$11.22 |
$11.54 |
Total Return (excludes contingent deferred
sales charge)(c) |
12.38% |
(2.69)% |
24.78% |
(2.43)% |
27.08% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.07% |
2.07% |
2.07% |
2.07% |
2.07% |
Net Investment Income (Loss) |
(0.72)% |
(0.90)% |
(0.64)% |
(0.85)% |
(0.73)% |
Gross Expenses(d) |
3.41% |
2.95% |
2.42% |
2.75% |
2.54% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,474 |
$909 |
$2,702 |
$3,306 |
$6,898 |
Portfolio Turnover(e) |
36% |
69% |
68% |
66% |
64% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$13.61 |
$14.41 |
$13.24 |
$13.47 |
$10.94 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.04 |
0.04 |
0.06 |
0.02 |
0.03 |
Net realized and unrealized gains (losses) |
1.79 |
(0.28) |
3.36 |
(0.21) |
3.07 |
Total from Investment Activities |
1.83 |
(0.24) |
3.42 |
(0.19) |
3.10 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.07) |
(0.04) |
(0.04) |
— |
— |
Net realized gains |
(0.08) |
(0.52) |
(2.21) |
(0.04) |
(0.57) |
Total Distributions |
(0.15) |
(0.56) |
(2.25) |
(0.04) |
(0.57) |
Net Asset Value, End of Period |
$15.29 |
$13.61 |
$14.41 |
$13.24 |
$13.47 |
Total Return(b) |
13.52% |
(1.73)% |
26.07% |
(1.41)% |
28.35% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
Net Investment Income (Loss) |
0.30% |
0.30% |
0.40% |
0.17% |
0.27% |
Gross Expenses(c) |
1.38% |
1.36% |
1.32% |
1.50% |
1.43% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$19,261 |
$28,143 |
$12,577 |
$11,253 |
$19,146 |
Portfolio Turnover(d) |
36% |
69% |
68% |
66% |
64% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$47.92 |
$55.16 |
$50.59 |
$53.11 |
$42.20 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.44 |
0.40 |
0.65 |
0.52 |
0.51 |
Net realized and unrealized gains (losses) |
5.90 |
(2.88) |
10.81 |
(1.12) |
12.44 |
Total from Investment Activities |
6.34 |
(2.48) |
11.46 |
(0.60) |
12.95 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.33) |
(0.43) |
(0.57) |
(0.15) |
(0.37) |
Net realized gains |
(0.27) |
(4.33) |
(6.32) |
(1.77) |
(1.67) |
Total Distributions |
(0.60) |
(4.76) |
(6.89) |
(1.92) |
(2.04) |
Net Asset Value, End of Period |
$53.66 |
$47.92 |
$55.16 |
$50.59 |
$53.11 |
Total Return (excludes sales charge)(b) |
13.25% |
(4.62)% |
23.00% |
(1.03)% |
30.73% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
Net Investment Income (Loss) |
0.88% |
0.76% |
1.13% |
1.13% |
1.03% |
Gross Expenses(c) |
0.93% |
0.92% |
0.93% |
0.95% |
0.95% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$449,497 |
$437,855 |
$495,890 |
$444,160 |
$520,159 |
Portfolio Turnover(d) |
39% |
61% |
52% |
95% |
51% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$37.97 |
$44.72 |
$42.07 |
$44.70 |
$35.78 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.03 |
(0.03) |
0.13 |
0.14 |
0.10 |
Net realized and unrealized gains (losses) |
4.65 |
(2.32) |
8.97 |
(1.00) |
10.50 |
Total from Investment Activities |
4.68 |
(2.35) |
9.10 |
(0.86) |
10.60 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
— |
(0.07) |
(0.13) |
— |
(0.01) |
Net realized gains |
(0.27) |
(4.33) |
(6.32) |
(1.77) |
(1.67) |
Total Distributions |
(0.27) |
(4.40) |
(6.45) |
(1.77) |
(1.68) |
Net Asset Value, End of Period |
$42.38 |
$37.97 |
$44.72 |
$42.07 |
$44.70 |
Total Return (excludes contingent deferred
sales charge)(b) |
12.37% |
(5.39)% |
22.05% |
(1.85)% |
29.70% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.69% |
1.69% |
1.69% |
1.69% |
1.69% |
Net Investment Income (Loss) |
0.07% |
(0.07)% |
0.27% |
0.37% |
0.24% |
Gross Expenses(c) |
2.15% |
1.92% |
1.80% |
1.79% |
1.74% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,587 |
$3,595 |
$6,230 |
$11,326 |
$17,028 |
Portfolio Turnover(d) |
39% |
61% |
52% |
95% |
51% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$47.67 |
$54.90 |
$50.37 |
$52.87 |
$42.01 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.54 |
0.52 |
0.78 |
0.62 |
0.61 |
Net realized and unrealized gains (losses) |
5.89 |
(2.89) |
10.76 |
(1.10) |
12.38 |
Total from Investment Activities |
6.43 |
(2.37) |
11.54 |
(0.48) |
12.99 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.44) |
(0.53) |
(0.69) |
(0.25) |
(0.46) |
Net realized gains |
(0.27) |
(4.33) |
(6.32) |
(1.77) |
(1.67) |
Total Distributions |
(0.71) |
(4.86) |
(7.01) |
(2.02) |
(2.13) |
Net Asset Value, End of Period |
$53.39 |
$47.67 |
$54.90 |
$50.37 |
$52.87 |
Total Return(b) |
13.51% |
(4.43)% |
23.28% |
(0.83)% |
30.99% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.68% |
0.68% |
0.68% |
0.68% |
0.68% |
Net Investment Income (Loss) |
1.09% |
0.98% |
1.35% |
1.34% |
1.24% |
Gross Expenses(c) |
0.72% |
0.71% |
0.68% |
0.82% |
0.78% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$23,905 |
$21,070 |
$20,169 |
$16,011 |
$20,021 |
Portfolio Turnover(d) |
39% |
61% |
52% |
95% |
51% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$23.54 |
$26.82 |
$24.21 |
$24.47 |
$20.66 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.07 |
0.08 |
(0.09) |
0.04 |
0.12 |
Net realized and unrealized gains (losses) |
3.58 |
(1.26) |
7.14 |
0.07 |
6.12 |
Total from Investment Activities |
3.65 |
(1.18) |
7.05 |
0.11 |
6.24 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.22) |
(0.12) |
— |
— |
(0.21) |
Net realized gains |
(1.24) |
(1.98) |
(4.44) |
(0.37) |
(2.22) |
Total Distributions |
(1.46) |
(2.10) |
(4.44) |
(0.37) |
(2.43) |
Net Asset Value, End of Period |
$25.73 |
$23.54 |
$26.82 |
$24.21 |
$24.47 |
Total Return (excludes sales charge)(b) |
15.66% |
(4.54)% |
29.58% |
0.46% |
30.69% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.37% |
1.45% |
1.45% |
1.45% |
1.45% |
Net Investment Income (Loss) |
0.29% |
0.33% |
(0.29)% |
0.20% |
0.49% |
Gross Expenses(c) |
1.40% |
1.49% |
1.49% |
1.53% |
1.52% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$183,203 |
$169,628 |
$195,053 |
$156,629 |
$193,630 |
Portfolio Turnover(d) |
72% |
98% |
64% |
108%(e) |
57% |
|
Class R | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$20.25 |
$23.41 |
$21.65 |
$22.01 |
$18.79 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.03)(b) |
(0.01) |
(0.17) |
(0.03) |
0.03 |
Net realized and unrealized gains (losses) |
3.08 |
(1.10) |
6.37 |
0.04 |
5.55 |
Total from Investment Activities |
3.05 |
(1.11) |
6.20 |
0.01 |
5.58 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.17) |
(0.07) |
— |
— |
(0.14) |
Net realized gains |
(1.24) |
(1.98) |
(4.44) |
(0.37) |
(2.22) |
Total Distributions |
(1.41) |
(2.05) |
(4.44) |
(0.37) |
(2.36) |
Net Asset Value, End of Period |
$21.89 |
$20.25 |
$23.41 |
$21.65 |
$22.01 |
Total Return(c) |
15.19% |
(4.86)% |
29.15% |
0.06% |
30.26% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.73% |
1.81% |
1.81% |
1.81% |
1.81% |
Net Investment Income (Loss) |
(0.12)% |
(0.03)% |
(0.65)% |
(0.15)% |
0.12% |
Gross Expenses(d) |
2.29% |
2.54% |
2.48% |
2.87% |
2.63% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$2,198 |
$1,519 |
$1,652 |
$1,421 |
$1,510 |
Portfolio Turnover(e) |
72% |
98% |
64% |
108%(f) |
57% |
|
Class R6 |
|
6/2/23(a)
through
12/31/23 |
Net Asset Value, Beginning of Period |
$25.62 |
Investment Activities: |
|
Net investment income (loss)(b) |
0.04 |
Net realized and unrealized gains (losses) |
4.02 |
Total from Investment Activities |
4.06 |
Distributions to Shareholders from: |
|
Net investment income |
(0.31) |
Net realized gains |
(1.24) |
Total Distributions |
(1.55) |
Net Asset Value, End of Period |
$28.13 |
Total Return(c),(d) |
16.00% |
Ratios to Average Net Assets: |
|
Net Expenses(e),(f) |
0.89% |
Net Investment Income (Loss)(e) |
0.26% |
Gross Expenses(e),(f) |
2.10% |
Supplemental Data: |
|
Net Assets at end of period (000's) |
$2,244 |
Portfolio Turnover(c),(g) |
72% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$25.83 |
$29.21 |
$25.99 |
$26.17 |
$21.94 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.17 |
0.19 |
0.02 |
0.12 |
0.21 |
Net realized and unrealized gains (losses) |
3.94 |
(1.39) |
7.69 |
0.07 |
6.52 |
Total from Investment Activities |
4.11 |
(1.20) |
7.71 |
0.19 |
6.73 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.30) |
(0.20) |
(0.05) |
— |
(0.28) |
Net realized gains |
(1.24) |
(1.98) |
(4.44) |
(0.37) |
(2.22) |
Total Distributions |
(1.54) |
(2.18) |
(4.49) |
(0.37) |
(2.50) |
Net Asset Value, End of Period |
$28.40 |
$25.83 |
$29.21 |
$25.99 |
$26.17 |
Total Return(b) |
16.07% |
(4.23)% |
30.03% |
0.77% |
31.18% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.01% |
1.12% |
1.12% |
1.12% |
1.12% |
Net Investment Income (Loss) |
0.62% |
0.67% |
0.05% |
0.54% |
0.82% |
Gross Expenses(c) |
1.13% |
1.21% |
1.19% |
1.23% |
1.21% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$248,103 |
$172,847 |
$177,278 |
$168,087 |
$232,432 |
Portfolio Turnover(d) |
72% |
98% |
64% |
108%(e) |
57% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$24.04 |
$26.33 |
$23.68 |
$24.79 |
$20.28 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.07 |
0.03 |
0.03 |
0.03 |
0.07 |
Net realized and unrealized gains (losses) |
1.71 |
(0.80) |
6.34 |
(0.68) |
6.28 |
Total from Investment Activities |
1.78 |
(0.77) |
6.37 |
(0.65) |
6.35 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.15) |
(0.12) |
(0.11) |
— |
(0.14) |
Net realized gains |
(1.42) |
(1.40) |
(3.61) |
(0.46) |
(1.70) |
Total Distributions |
(1.57) |
(1.52) |
(3.72) |
(0.46) |
(1.84) |
Net Asset Value, End of Period |
$24.25 |
$24.04 |
$26.33 |
$23.68 |
$24.79 |
Total Return (excludes sales charge)(b) |
7.52% |
(2.97)% |
27.31% |
(2.59)% |
31.35% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.30% |
1.30% |
1.30% |
1.30% |
1.30% |
Net Investment Income (Loss) |
0.30% |
0.13% |
0.12% |
0.14% |
0.28% |
Gross Expenses(c) |
1.34% |
1.32% |
1.34% |
1.37% |
1.35% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$163,769 |
$172,406 |
$188,881 |
$162,145 |
$207,200 |
Portfolio Turnover(d) |
55% |
71% |
69% |
73% |
54% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$20.16 |
$22.38 |
$20.65 |
$21.85 |
$18.08 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.09)(b) |
(0.14) |
(0.16) |
(0.11) |
(0.11) |
Net realized and unrealized gains (losses) |
1.42 |
(0.68) |
5.50 |
(0.63) |
5.58 |
Total from Investment Activities |
1.33 |
(0.82) |
5.34 |
(0.74) |
5.47 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
(1.42) |
(1.40) |
(3.61) |
(0.46) |
(1.70) |
Total Distributions |
(1.42) |
(1.40) |
(3.61) |
(0.46) |
(1.70) |
Net Asset Value, End of Period |
$20.07 |
$20.16 |
$22.38 |
$20.65 |
$21.85 |
Total Return (excludes contingent deferred
sales charge)(c) |
6.76% |
(3.71)% |
26.28% |
(3.35)% |
30.32% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.07% |
2.07% |
2.07% |
2.07% |
2.07% |
Net Investment Income (Loss) |
(0.45)% |
(0.65)% |
(0.67)% |
(0.62)% |
(0.50)% |
Gross Expenses(d) |
2.94% |
3.00% |
2.33% |
2.60% |
2.29% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,228 |
$1,282 |
$1,398 |
$2,618 |
$4,872 |
Portfolio Turnover(e) |
55% |
71% |
69% |
73% |
54% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$24.92 |
$27.23 |
$24.38 |
$25.45 |
$20.77 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.14 |
0.09 |
0.10 |
0.08 |
0.13 |
Net realized and unrealized gains (losses) |
1.78 |
(0.82) |
6.53 |
(0.69) |
6.44 |
Total from Investment Activities |
1.92 |
(0.73) |
6.63 |
(0.61) |
6.57 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.21) |
(0.18) |
(0.17) |
— |
(0.19) |
Net realized gains |
(1.42) |
(1.40) |
(3.61) |
(0.46) |
(1.70) |
Total Distributions |
(1.63) |
(1.58) |
(3.78) |
(0.46) |
(1.89) |
Net Asset Value, End of Period |
$25.21 |
$24.92 |
$27.23 |
$24.38 |
$25.45 |
Total Return(b) |
7.75% |
(2.71)% |
27.57% |
(2.37)% |
31.69% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.06% |
1.06% |
1.06% |
1.06% |
1.06% |
Net Investment Income (Loss) |
0.54% |
0.36% |
0.36% |
0.38% |
0.51% |
Gross Expenses(c) |
1.07% |
1.06% |
1.06% |
1.10% |
1.07% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$109,234 |
$120,583 |
$143,783 |
$142,515 |
$176,749 |
Portfolio Turnover(d) |
55% |
71% |
69% |
73% |
54% |
Victory RS Partners Fund | ||||||
|
Member Class |
|
|
|
|
|
|
RSPMX |
|
|
|
|
|
|
Member
Class |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Member Class |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
MEMBER CLASS Before Taxes |
|
|
|
MEMBER CLASS After Taxes on Distributions |
|
|
|
MEMBER CLASS After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2000® Value Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Robert J. Harris |
Chief Investment Officer |
Since 2014 |
Joseph M. Mainelli |
Investment Analyst |
Since 2013 |
Investment Minimums |
Member
Class |
Minimum Initial Investment |
$3,000 |
Minimum Subsequent Investments |
$50 |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages the Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-235-8396 or please visit VictoryFunds.com. |
An investment in the
Fund is not a complete
investment program. |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Victory RS Partners Fund | |||||||||||
Member Class Shares | |||||||||||
Expenses |
$115 |
$166 |
$172 |
$177 |
$184 |
$190 |
$196 |
$203 |
$210 |
$217 |
$1,830 |
Impact on Return |
$113 |
$169 |
$183 |
$198 |
$214 |
$230 |
$248 |
$267 |
$288 |
$309 |
$2,219 |
All you need to do to get started is to fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182903
Columbus, OH 43218-2903 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-235-8396 |
BY WIRE |
Call 800-235-8396 BEFORE wiring money to notify the Fund that you intend
to purchase shares by wire and to verify wire instructions. |
BY TELEPHONE |
800-235-8396 |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-235-8396 or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Fund's distribution schedule before you invest.
If you buy shares of the Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-235-8396. |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in the Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Member Class | |||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
11/3/20(a)
through
12/31/20 |
Net Asset Value, Beginning of Period |
$23.58 |
$26.87 |
$24.22 |
$19.64 |
Investment Activities: |
|
|
|
|
Net investment income (loss)(b) |
0.12 |
0.15 |
(0.04) |
0.01 |
Net realized and unrealized gains (losses) |
3.59 |
(1.29) |
7.17 |
4.94 |
Total from Investment Activities |
3.71 |
(1.14) |
7.13 |
4.95 |
Distributions to Shareholders from: |
|
|
|
|
Net investment income |
(0.26) |
(0.17) |
(0.04) |
— |
Net realized gains |
(1.24) |
(1.98) |
(4.44) |
(0.37) |
Total Distributions |
(1.50) |
(2.15) |
(4.48) |
(0.37) |
Net Asset Value, End of Period |
$25.79 |
$23.58 |
$26.87 |
$24.22 |
Total Return(c),(d) |
15.90% |
(4.36)% |
29.90% |
25.22% |
Ratios to Average Net Assets: |
|
|
|
|
Net Expenses(e),(f) |
1.18% |
1.25% |
1.25% |
1.25% |
Net Investment Income (Loss)(e) |
0.48% |
0.59% |
(0.14)% |
0.36% |
Gross Expenses(e),(f) |
1.57% |
1.78% |
3.05% |
33.63% |
Supplemental Data: |
|
|
|
|
Net Assets at end of period (000's) |
$5,488 |
$4,719 |
$2,994 |
$102 |
Portfolio Turnover(c),(g) |
72% |
98% |
64% |
108%(h) |
Victory RS Growth Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSGRX |
RGWCX |
— |
— |
— |
RGRYX |
Victory RS Mid Cap Growth Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSMOX |
RMOCX |
— |
— |
RMORX |
RMOYX |
Victory RS Science and Technology Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSIFX |
RINCX |
— |
— |
— |
RIFYX |
Victory RS Select Growth Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSDGX |
RSGFX |
— |
— |
RSSRX |
RSSYX |
Victory RS Small Cap Equity Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GPSCX |
RSCCX |
— |
— |
— |
RSCYX |
Victory RS Small Cap Growth Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSEGX |
REGWX |
— |
— |
RSEJX |
RSYEX |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 1000® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2009 |
Stephen J. Bishop |
Portfolio Manager |
Since 2009 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2009 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
|
Management Fees |
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement3
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years
(or Life
of Class) |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell Midcap® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2008 |
Stephen J. Bishop |
Portfolio Manager |
Since 2008 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2008 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Class A |
Class C |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
|
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
S&P North American Technology Sector Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Stephen J. Bishop |
Portfolio Manager |
Since 2001 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2016 |
Paul Leung, CFA |
Portfolio Manager |
Since 2016 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
|
Management Fees |
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement3
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years
(or Life
of Class) |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2500™ Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
Russell 2000® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2007 |
Stephen J. Bishop |
Portfolio Manager |
Since 2007 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2007 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Class A |
Class C |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
- |
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2000® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2009 |
Stephen J. Bishop |
Portfolio Manager |
Since 2009 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2009 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
|
Management Fees |
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waiver/Expense Reimbursement4
|
( |
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement4
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years
(or Life
of Class) |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2000® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2007 |
Stephen J. Bishop |
Portfolio Manager |
Since 2007 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2007 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Class A |
Class C |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
|
Growth |
Mid Cap
Growth |
Science and
Technology |
Select
Growth |
Small Cap
Equity |
Small Cap
Growth |
Concentration Risk |
|
|
X |
|
|
|
Equity Securities Risk |
X |
X |
X |
X |
X |
X |
Foreign Securities Risk |
X |
X |
X |
X |
X |
X |
General Market Risk |
X |
X |
X |
X |
X |
X |
Investment Style Risk |
X |
X |
X |
X |
X |
X |
Large-Capitalization Stock Risk |
X |
|
X |
|
|
|
Large Shareholder Risk |
X |
X |
X |
X |
X |
X |
Limited Portfolio Holdings Risk |
|
|
|
X |
X |
|
Liquidity Risk |
|
|
X |
X |
X |
X |
Management Risk |
X |
X |
X |
X |
X |
X |
Mid-Capitalization Stock Risk |
X |
X |
X |
X |
|
|
Portfolio Turnover Risk |
|
X |
|
X |
X |
X |
Science and Technology Investment Risk |
|
|
X |
|
|
|
Sector Focus Risk |
X |
X |
|
X |
X |
X |
Small-Capitalization Stock Risk |
|
|
X |
X |
X |
X |
An investment in a
Fund is not a complete
investment program. |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Victory RS Growth Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$681 |
$118 |
$122 |
$127 |
$131 |
$137 |
$142 |
$147 |
$153 |
$160 |
$1,918 |
Impact on Return |
$707 |
$151 |
$163 |
$176 |
$189 |
$204 |
$219 |
$235 |
$252 |
$271 |
$2,567 |
Class C Shares | |||||||||||
Expenses |
$196 |
$346 |
$352 |
$358 |
$363 |
$370 |
$376 |
$382 |
$139 |
$145 |
$3,027 |
Impact on Return |
$193 |
$353 |
$376 |
$401 |
$427 |
$454 |
$483 |
$513 |
$297 |
$317 |
$3,814 |
Class Y Shares | |||||||||||
Expenses |
$85 |
$103 |
$107 |
$112 |
$116 |
$121 |
$126 |
$131 |
$136 |
$140 |
$1,177 |
Impact on Return |
$83 |
$105 |
$115 |
$124 |
$135 |
$146 |
$159 |
$171 |
$185 |
$200 |
$1,423 |
Victory RS Mid Cap Growth Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$690 |
$143 |
$149 |
$154 |
$159 |
$165 |
$171 |
$177 |
$183 |
$190 |
$2,181 |
Impact on Return |
$717 |
$177 |
$191 |
$205 |
$221 |
$238 |
$255 |
$274 |
$294 |
$315 |
$2,887 |
Class C Shares | |||||||||||
Expenses |
$214 |
$268 |
$274 |
$281 |
$287 |
$295 |
$302 |
$309 |
$178 |
$185 |
$2,593 |
Impact on Return |
$211 |
$275 |
$295 |
$316 |
$339 |
$363 |
$388 |
$415 |
$305 |
$327 |
$3,234 |
Class R6 Shares | |||||||||||
Expenses |
$96 |
$187 |
$193 |
$199 |
$207 |
$213 |
$219 |
$226 |
$234 |
$241 |
$2,015 |
Impact on Return |
$94 |
$189 |
$204 |
$221 |
$238 |
$256 |
$276 |
$297 |
$319 |
$342 |
$2,436 |
Class Y Shares | |||||||||||
Expenses |
$97 |
$119 |
$123 |
$128 |
$133 |
$138 |
$144 |
$149 |
$155 |
$162 |
$1,348 |
Impact on Return |
$95 |
$121 |
$132 |
$143 |
$155 |
$168 |
$182 |
$196 |
$212 |
$228 |
$1,632 |
Victory RS Science and Technology Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$718 |
$148 |
$153 |
$158 |
$164 |
$170 |
$176 |
$182 |
$188 |
$195 |
$2,252 |
Impact on Return |
$744 |
$183 |
$197 |
$212 |
$228 |
$245 |
$263 |
$282 |
$303 |
$324 |
$2,981 |
Class C Shares | |||||||||||
Expenses |
$231 |
$261 |
$268 |
$274 |
$281 |
$288 |
$295 |
$303 |
$185 |
$191 |
$2,577 |
Impact on Return |
$228 |
$269 |
$289 |
$310 |
$332 |
$356 |
$381 |
$407 |
$310 |
$332 |
$3,214 |
Class Y Shares |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Expenses |
$126 |
$136 |
$142 |
$147 |
$152 |
$158 |
$164 |
$170 |
$176 |
$181 |
$1,552 |
Impact on Return |
$124 |
$140 |
$152 |
$165 |
$178 |
$193 |
$208 |
$225 |
$242 |
$260 |
$1,887 |
Victory RS Select Growth Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$709 |
$153 |
$159 |
$164 |
$169 |
$175 |
$181 |
$188 |
$194 |
$201 |
$2,293 |
Impact on Return |
$736 |
$187 |
$202 |
$217 |
$234 |
$251 |
$270 |
$289 |
$310 |
$332 |
$3,028 |
Class C Shares | |||||||||||
Expenses |
$221 |
$289 |
$296 |
$302 |
$308 |
$315 |
$323 |
$330 |
$188 |
$194 |
$2,766 |
Impact on Return |
$218 |
$297 |
$318 |
$340 |
$364 |
$389 |
$415 |
$443 |
$324 |
$346 |
$3,454 |
Class R6 Shares | |||||||||||
Expenses |
$108 |
$379 |
$384 |
$389 |
$395 |
$400 |
$406 |
$411 |
$417 |
$423 |
$3,712 |
Impact on Return |
$106 |
$382 |
$406 |
$431 |
$458 |
$487 |
$516 |
$548 |
$581 |
$616 |
$4,531 |
Class Y Shares | |||||||||||
Expenses |
$116 |
$135 |
$141 |
$146 |
$151 |
$157 |
$163 |
$169 |
$175 |
$180 |
$1,533 |
Impact on Return |
$114 |
$139 |
$151 |
$163 |
$177 |
$191 |
$206 |
$223 |
$240 |
$258 |
$1,862 |
Victory RS Small Cap Growth Fund | |||||||||||
Class A Shares | |||||||||||
Expenses |
$709 |
$143 |
$149 |
$153 |
$159 |
$165 |
$170 |
$177 |
$183 |
$189 |
$2,197 |
Impact on Return |
$736 |
$177 |
$191 |
$206 |
$222 |
$238 |
$256 |
$275 |
$295 |
$316 |
$2,912 |
Class C Shares | |||||||||||
Expenses |
$219 |
$255 |
$262 |
$268 |
$275 |
$282 |
$289 |
$297 |
$180 |
$186 |
$2,514 |
Impact on Return |
$216 |
$263 |
$282 |
$303 |
$325 |
$348 |
$373 |
$399 |
$302 |
$323 |
$3,134 |
Class R6 Shares | |||||||||||
Expenses |
$108 |
$116 |
$120 |
$125 |
$130 |
$135 |
$140 |
$145 |
$151 |
$156 |
$1,326 |
Impact on Return |
$106 |
$119 |
$129 |
$140 |
$152 |
$164 |
$178 |
$192 |
$207 |
$223 |
$1,610 |
Class Y Shares | |||||||||||
Expenses |
$115 |
$123 |
$128 |
$132 |
$137 |
$143 |
$148 |
$154 |
$160 |
$166 |
$1,406 |
Impact on Return |
$113 |
$126 |
$137 |
$149 |
$161 |
$174 |
$188 |
$204 |
$219 |
$236 |
$1,707 |
Fund |
Advisory Fee |
Victory RS Growth Fund |
0.75% |
Victory RS Mid Cap Growth Fund |
0.85% |
Victory RS Science and Technology Fund |
1.00% |
Victory RS Select Growth Fund |
1.00% |
Victory RS Small Cap Equity Fund |
0.75% |
Victory RS Small Cap Growth Fund |
0.95% |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $49,999 |
5.75% |
6.10% |
$50,000 up to $99,999 |
4.50% |
4.71% |
$100,000 up to $249,999 |
3.50% |
3.63% |
$250,000 up to $499,999 |
2.50% |
2.56% |
$500,000 up to $999,999 |
2.00% |
2.04% |
$1,000,000 and above1
|
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
A Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.06 |
$26.14 |
$23.84 |
$19.22 |
$16.40 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.11) |
(0.11) |
(0.18) |
(0.08) |
(0.03) |
Net realized and unrealized gains (losses) |
7.73 |
(8.57) |
4.85 |
6.89 |
4.90 |
Total from Investment Activities |
7.62 |
(8.68) |
4.67 |
6.81 |
4.87 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
— |
— |
(0.02) |
— |
— |
Net realized gains |
(0.04) |
(0.40) |
(2.35) |
(2.19) |
(2.05) |
Total Distributions |
(0.04) |
(0.40) |
(2.37) |
(2.19) |
(2.05) |
Net Asset Value, End of Period |
$24.64 |
$17.06 |
$26.14 |
$23.84 |
$19.22 |
Total Return (excludes sales charge)(b) |
44.65% |
(33.31)% |
19.91% |
35.64% |
29.83% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
Net Investment Income (Loss) |
(0.53)% |
(0.53)% |
(0.71)% |
(0.37)% |
(0.16)% |
Gross Expenses(c) |
1.18% |
1.18% |
1.17% |
1.19% |
1.19% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$253,304 |
$189,042 |
$308,663 |
$274,388 |
$223,503 |
Portfolio Turnover(d) |
62% |
96% |
62% |
73% |
95% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$12.81 |
$19.94 |
$18.80 |
$15.63 |
$13.75 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.22) |
(0.21) |
(0.31) |
(0.20) |
(0.16) |
Net realized and unrealized gains (losses) |
5.79 |
(6.52) |
3.80 |
5.56 |
4.09 |
Total from Investment Activities |
5.57 |
(6.73) |
3.49 |
5.36 |
3.93 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
(0.04) |
(0.40) |
(2.35) |
(2.19) |
(2.05) |
Total Distributions |
(0.04) |
(0.40) |
(2.35) |
(2.19) |
(2.05) |
Net Asset Value, End of Period |
$18.34 |
$12.81 |
$19.94 |
$18.80 |
$15.63 |
Total Return (excludes contingent deferred
sales charge)(b) |
43.46% |
(33.89)% |
18.95% |
34.55% |
28.74% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
Net Investment Income (Loss) |
(1.36)% |
(1.37)% |
(1.54)% |
(1.20)% |
(0.99)% |
Gross Expenses(c) |
3.33% |
2.78% |
1.99% |
2.43% |
2.33% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,022 |
$689 |
$1,733 |
$3,731 |
$4,240 |
Portfolio Turnover(d) |
62% |
96% |
62% |
73% |
95% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$18.15 |
$27.70 |
$25.13 |
$20.11 |
$17.04 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.06) |
(0.06) |
(0.12) |
(0.02) |
0.02 |
Net realized and unrealized gains (losses) |
8.24 |
(9.09) |
5.13 |
7.23 |
5.10 |
Total from Investment Activities |
8.18 |
(9.15) |
5.01 |
7.21 |
5.12 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
—(b) |
— |
(0.09) |
— |
— |
Net realized gains |
(0.04) |
(0.40) |
(2.35) |
(2.19) |
(2.05) |
Total Distributions |
(0.04) |
(0.40) |
(2.44) |
(2.19) |
(2.05) |
Net Asset Value, End of Period |
$26.29 |
$18.15 |
$27.70 |
$25.13 |
$20.11 |
Total Return(c) |
45.05% |
(33.13)% |
20.22% |
36.06% |
30.18% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
Net Investment Income (Loss) |
(0.26)% |
(0.26)% |
(0.44)% |
(0.09)% |
0.11% |
Gross Expenses(d) |
0.97% |
0.95% |
0.91% |
0.99% |
0.98% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$22,116 |
$18,286 |
$33,772 |
$29,875 |
$31,473 |
Portfolio Turnover(e) |
62% |
96% |
62% |
73% |
95% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$15.52 |
$24.76 |
$32.99 |
$25.56 |
$19.96 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.12) |
(0.14) |
(0.33) |
(0.20) |
(0.17) |
Net realized and unrealized gains (losses) |
2.90 |
(8.41) |
1.60 |
8.98 |
5.77 |
Total from Investment Activities |
2.78 |
(8.55) |
1.27 |
8.78 |
5.60 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Net Asset Value, End of Period |
$18.30 |
$15.52 |
$24.76 |
$32.99 |
$25.56 |
Total Return (excludes sales charge)(c) |
17.91% |
(34.68)% |
4.68% |
34.47% |
28.06% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.20% |
1.21%(e) |
1.20% |
1.20% |
1.20% |
Net Investment Income (Loss) |
(0.73)% |
(0.76)% |
(0.98)% |
(0.75)% |
(0.67)% |
Gross Expenses(d) |
1.44% |
1.40% |
1.33% |
1.35% |
1.35% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$51,156 |
$47,664 |
$88,064 |
$93,072 |
$82,888 |
Portfolio Turnover(f) |
119% |
133% |
90% |
92% |
86% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$11.86 |
$19.34 |
$28.05 |
$22.08 |
$17.40 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.21) |
(0.25) |
(0.52) |
(0.38) |
(0.34) |
Net realized and unrealized gains (losses) |
2.21 |
(6.54) |
1.31 |
7.70 |
5.02 |
Total from Investment Activities |
2.00 |
(6.79) |
0.79 |
7.32 |
4.68 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Net Asset Value, End of Period |
$13.86 |
$11.86 |
$19.34 |
$28.05 |
$22.08 |
Total Return (excludes contingent deferred
sales charge)(c) |
16.86% |
(35.30)% |
3.75% |
33.30% |
26.90% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.11% |
2.12%(e) |
2.09% |
2.11% |
2.11% |
Net Investment Income (Loss) |
(1.63)% |
(1.69)% |
(1.87)% |
(1.65)% |
(1.58)% |
Gross Expenses(d) |
2.57% |
2.25% |
2.09% |
2.14% |
2.12% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,123 |
$3,312 |
$12,054 |
$17,325 |
$20,266 |
Portfolio Turnover(f) |
119% |
133% |
90% |
92% |
86% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$16.68 |
$26.46 |
$34.53 |
$26.63 |
$20.74 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.08) |
(0.11) |
(0.25) |
(0.14) |
(0.11) |
Net realized and unrealized gains (losses) |
3.11 |
(8.98) |
1.68 |
9.39 |
6.00 |
Total from Investment Activities |
3.03 |
(9.09) |
1.43 |
9.25 |
5.89 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Net Asset Value, End of Period |
$19.71 |
$16.68 |
$26.46 |
$34.53 |
$26.63 |
Total Return(c) |
18.17% |
(34.49)% |
4.95% |
34.86% |
28.40% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
0.94% |
0.95%(e) |
0.94% |
0.94% |
0.94% |
Net Investment Income (Loss) |
(0.47)% |
(0.54)% |
(0.73)% |
(0.49)% |
(0.44)% |
Gross Expenses(d) |
1.77% |
1.16% |
0.98% |
1.01% |
1.05% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,406 |
$2,360 |
$19,731 |
$27,861 |
$20,321 |
Portfolio Turnover(f) |
119% |
133% |
90% |
92% |
86% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$16.65 |
$26.43 |
$34.50 |
$26.61 |
$20.73 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.09) |
(0.11) |
(0.26) |
(0.14) |
(0.11) |
Net realized and unrealized gains (losses) |
3.11 |
(8.98) |
1.69 |
9.38 |
5.99 |
Total from Investment Activities |
3.02 |
(9.09) |
1.43 |
9.24 |
5.88 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(0.69) |
(9.50) |
(1.35) |
— |
Net Asset Value, End of Period |
$19.67 |
$16.65 |
$26.43 |
$34.50 |
$26.61 |
Total Return(c) |
18.20% |
(34.53)% |
4.96% |
34.84% |
28.36% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
0.95% |
0.96%(e) |
0.95% |
0.95% |
0.95% |
Net Investment Income (Loss) |
(0.47)% |
(0.53)% |
(0.73)% |
(0.50)% |
(0.43)% |
Gross Expenses(d) |
1.12% |
1.13% |
1.09% |
1.10% |
1.10% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$20,967 |
$28,192 |
$249,373 |
$466,342 |
$395,586 |
Portfolio Turnover(f) |
119% |
133% |
90% |
92% |
86% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$15.26 |
$28.34 |
$36.35 |
$23.37 |
$18.34 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.22) |
(0.22) |
(0.46) |
(0.34) |
(0.26) |
Net realized and unrealized gains (losses) |
5.19 |
(12.07) |
(3.10) |
15.48 |
7.43 |
Total from Investment Activities |
4.97 |
(12.29) |
(3.56) |
15.14 |
7.17 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Total Distributions |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Net Asset Value, End of Period |
$20.23 |
$15.26 |
$28.34 |
$36.35 |
$23.37 |
Total Return (excludes sales charge)(b) |
32.57% |
(43.51)% |
(9.25)% |
65.03% |
39.32% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.49% |
1.47% |
1.47% |
1.48% |
1.48% |
Net Investment Income (Loss) |
(1.28)% |
(1.20)% |
(1.28)% |
(1.22)% |
(1.14)% |
Gross Expenses(c) |
1.49% |
1.48% |
1.47% |
1.48% |
1.48% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$145,950 |
$130,060 |
$250,490 |
$320,605 |
$199,591 |
Portfolio Turnover(d) |
77% |
56% |
46% |
30% |
88% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$10.17 |
$19.48 |
$26.81 |
$17.73 |
$14.40 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.24) |
(0.26) |
(0.55) |
(0.41) |
(0.35) |
Net realized and unrealized gains (losses) |
3.44 |
(8.26) |
(2.33) |
11.65 |
5.82 |
Total from Investment Activities |
3.20 |
(8.52) |
(2.88) |
11.24 |
5.47 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Total Distributions |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Net Asset Value, End of Period |
$13.37 |
$10.17 |
$19.48 |
$26.81 |
$17.73 |
Total Return (excludes contingent deferred
sales charge)(b) |
31.56% |
(43.95)% |
(10.03)% |
63.71% |
38.27% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
2.28% |
2.28% |
2.28% |
2.28% |
2.28% |
Net Investment Income (Loss) |
(2.07)% |
(2.01)% |
(2.09)% |
(2.03)% |
(1.94)% |
Gross Expenses(c) |
2.51% |
2.40% |
2.28% |
2.32% |
2.34% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$4,816 |
$4,725 |
$11,168 |
$18,398 |
$14,054 |
Portfolio Turnover(d) |
77% |
56% |
46% |
30% |
88% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.08 |
$31.49 |
$39.73 |
$25.36 |
$19.72 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.20) |
(0.20) |
(0.41) |
(0.29) |
(0.22) |
Net realized and unrealized gains (losses) |
5.82 |
(13.42) |
(3.38) |
16.82 |
8.00 |
Total from Investment Activities |
5.62 |
(13.62) |
(3.79) |
16.53 |
7.78 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Total Distributions |
— |
(0.79) |
(4.45) |
(2.16) |
(2.14) |
Net Asset Value, End of Period |
$22.70 |
$17.08 |
$31.49 |
$39.73 |
$25.36 |
Total Return(b) |
32.90% |
(43.38)% |
(9.04)% |
65.40% |
39.66% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.24% |
1.24% |
1.23% |
1.24% |
1.24% |
Net Investment Income (Loss) |
(1.03)% |
(0.97)% |
(1.05)% |
(0.99)% |
(0.89)% |
Gross Expenses(c) |
1.29% |
1.28% |
1.23% |
1.26% |
1.26% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$24,281 |
$28,503 |
$81,080 |
$109,275 |
$77,998 |
Portfolio Turnover(d) |
77% |
56% |
46% |
30% |
88% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$15.51 |
$31.30 |
$38.19 |
$33.81 |
$28.96 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.17) |
(0.24) |
(0.49) |
(0.40) |
(0.37) |
Net realized and unrealized gains (losses) |
3.06 |
(9.65) |
2.64 |
11.43 |
9.68 |
Total from Investment Activities |
2.89 |
(9.89) |
2.15 |
11.03 |
9.31 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Total Distributions |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Net Asset Value, End of Period |
$18.40 |
$15.51 |
$31.30 |
$38.19 |
$33.81 |
Total Return (excludes sales charge)(b) |
18.63% |
(32.43)% |
6.89% |
33.22% |
32.29% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.40% |
1.40% |
1.40% |
1.40% |
1.40% |
Net Investment Income (Loss) |
(0.99)% |
(1.02)% |
(1.21)% |
(1.14)% |
(1.06)% |
Gross Expenses(c) |
1.54% |
1.51% |
1.48% |
1.49% |
1.52% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$65,450 |
$68,907 |
$117,017 |
$115,014 |
$97,337 |
Portfolio Turnover(d) |
137% |
131%(e) |
75% |
73% |
74% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.27 |
$20.74 |
$28.54 |
$26.77 |
$23.82 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.16) |
(0.28) |
(0.59) |
(0.53) |
(0.53) |
Net realized and unrealized gains (losses) |
1.63 |
(6.29) |
1.83 |
8.95 |
7.94 |
Total from Investment Activities |
1.47 |
(6.57) |
1.24 |
8.42 |
7.41 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Total Distributions |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Net Asset Value, End of Period |
$9.74 |
$8.27 |
$20.74 |
$28.54 |
$26.77 |
Total Return (excludes contingent deferred
sales charge)(b) |
17.78% |
(32.94)% |
6.02% |
32.20% |
31.28% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
2.18% |
2.18% |
2.18% |
2.18% |
2.18% |
Net Investment Income (Loss) |
(1.77)% |
(1.82)% |
(1.99)% |
(1.92)% |
(1.84)% |
Gross Expenses(c) |
2.78% |
2.42% |
2.24% |
2.29% |
2.30% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,445 |
$3,082 |
$9,835 |
$23,831 |
$26,988 |
Portfolio Turnover(d) |
137% |
131%(e) |
75% |
73% |
74% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.89 |
$34.71 |
$41.25 |
$35.99 |
$30.50 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.13) |
(0.18) |
(0.38) |
(0.31) |
(0.27) |
Net realized and unrealized gains (losses) |
3.55 |
(10.74) |
2.88 |
12.22 |
10.22 |
Total from Investment Activities |
3.42 |
(10.92) |
2.50 |
11.91 |
9.95 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Total Distributions |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Net Asset Value, End of Period |
$21.31 |
$17.89 |
$34.71 |
$41.25 |
$35.99 |
Total Return(b) |
19.12% |
(32.21)% |
7.23% |
33.65% |
32.76% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.06% |
1.06% |
1.06% |
1.06% |
1.06% |
Net Investment Income (Loss) |
(0.66)% |
(0.69)% |
(0.88)% |
(0.80)% |
(0.72)% |
Gross Expenses(c) |
3.62% |
2.65% |
1.83% |
4.52% |
5.46% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$364 |
$594 |
$1,231 |
$710 |
$302 |
Portfolio Turnover(d) |
137% |
131%(e) |
75% |
73% |
74% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.68 |
$34.43 |
$41.02 |
$35.84 |
$30.41 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.14) |
(0.20) |
(0.41) |
(0.33) |
(0.29) |
Net realized and unrealized gains (losses) |
3.50 |
(10.65) |
2.86 |
12.16 |
10.18 |
Total from Investment Activities |
3.36 |
(10.85) |
2.45 |
11.83 |
9.89 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Total Distributions |
— |
(5.90) |
(9.04) |
(6.65) |
(4.46) |
Net Asset Value, End of Period |
$21.04 |
$17.68 |
$34.43 |
$41.02 |
$35.84 |
Total Return(b) |
19.00% |
(32.27)% |
7.15% |
33.57% |
32.66% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.14% |
1.14% |
1.14% |
1.14% |
1.14% |
Net Investment Income (Loss) |
(0.73)% |
(0.76)% |
(0.95)% |
(0.88)% |
(0.80)% |
Gross Expenses(c) |
1.28% |
1.24% |
1.21% |
1.24% |
1.23% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$28,447 |
$31,532 |
$70,192 |
$93,844 |
$94,933 |
Portfolio Turnover(d) |
137% |
131%(e) |
75% |
73% |
74% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$7.57 |
$13.32 |
$18.02 |
$16.05 |
$12.97 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.09) |
(0.11) |
(0.21) |
(0.19) |
(0.15) |
Net realized and unrealized gains (losses) |
0.64 |
(4.81) |
(1.28) |
6.17 |
5.11 |
Total from Investment Activities |
0.55 |
(4.92) |
(1.49) |
5.98 |
4.96 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.83) |
(3.21) |
(4.01) |
(1.88) |
Total Distributions |
— |
(0.83) |
(3.21) |
(4.01) |
(1.88) |
Net Asset Value, End of Period |
$8.12 |
$7.57 |
$13.32 |
$18.02 |
$16.05 |
Total Return (excludes sales charge)(b) |
7.27% |
(37.21)% |
(7.36)% |
37.99% |
38.49% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.35% |
1.31% |
1.25% |
1.29% |
1.26% |
Net Investment Income (Loss) |
(1.11)% |
(1.19)% |
(1.18)% |
(1.14)% |
(0.93)% |
Gross Expenses(c) |
1.37% |
1.31% |
1.25% |
1.29% |
1.26% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$27,524 |
$33,527 |
$60,699 |
$76,611 |
$63,247 |
Portfolio Turnover(d) |
192% |
151% |
113% |
157%(e) |
89% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21(a) |
Year
Ended
12/31/20(a) |
Year
Ended
12/31/19(a) |
Net Asset Value, Beginning of Period |
$7.61 |
$13.49 |
$18.39 |
$49.61 |
$52.83 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(b) |
(0.15) |
(0.19) |
(0.37) |
(0.84) |
(1.08) |
Net realized and unrealized gains
(losses) |
0.64 |
(4.86) |
(1.32) |
17.74 |
20.42 |
Total from Investment Activities |
0.49 |
(5.05) |
(1.69) |
16.90 |
19.34 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.83) |
(3.21) |
(48.12) |
(22.56) |
Total Distributions |
— |
(0.83) |
(3.21) |
(48.12) |
(22.56) |
Net Asset Value, End of Period |
$8.10 |
$7.61 |
$13.49 |
$18.39 |
$49.61 |
Total Return (excludes contingent
deferred sales charge)(c) |
6.44% |
(37.71)% |
(8.14)% |
36.75% |
37.26% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.10% |
2.10% |
2.10% |
2.10% |
2.10% |
Net Investment Income (Loss) |
(1.86)% |
(1.99)% |
(2.04)% |
(1.94)% |
(1.76)% |
Gross Expenses(d) |
12.00% |
7.52% |
4.32% |
5.26% |
3.86% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$93 |
$169 |
$380 |
$515 |
$478 |
Portfolio Turnover(e) |
192% |
151% |
113% |
157%(f) |
89% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.01 |
$13.98 |
$18.71 |
$16.52 |
$13.29 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.07) |
(0.10) |
(0.19) |
(0.16) |
(0.13) |
Net realized and unrealized gains (losses) |
0.67 |
(5.04) |
(1.33) |
6.36 |
5.24 |
Total from Investment Activities |
0.60 |
(5.14) |
(1.52) |
6.20 |
5.11 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(0.83) |
(3.21) |
(4.01) |
(1.88) |
Total Distributions |
— |
(0.83) |
(3.21) |
(4.01) |
(1.88) |
Net Asset Value, End of Period |
$8.61 |
$8.01 |
$13.98 |
$18.71 |
$16.52 |
Total Return(b) |
7.49% |
(37.02)% |
(7.25)% |
38.24% |
38.69% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
Net Investment Income (Loss) |
(0.86)% |
(0.98)% |
(1.03)% |
(0.95)% |
(0.77)% |
Gross Expenses(c) |
1.55% |
1.44% |
1.10% |
1.58% |
1.43% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$2,401 |
$1,838 |
$3,095 |
$4,449 |
$3,275 |
Portfolio Turnover(d) |
192% |
151% |
113% |
157%(e) |
89% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$43.77 |
$73.73 |
$97.45 |
$77.19 |
$61.11 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.51) |
(0.57) |
(1.20) |
(0.97) |
(0.80) |
Net realized and unrealized gains (losses) |
9.19 |
(26.65) |
(10.15) |
30.04 |
23.84 |
Total from Investment Activities |
8.68 |
(27.22) |
(11.35) |
29.07 |
23.04 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Net Asset Value, End of Period |
$52.45 |
$43.77 |
$73.73 |
$97.45 |
$77.19 |
Total Return (excludes sales charge)(c) |
19.80% |
(37.07)% |
(11.06)% |
37.84% |
37.91% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.40% |
1.40% |
1.40% |
1.40% |
1.40% |
Net Investment Income (Loss) |
(1.09)% |
(1.08)% |
(1.27)% |
(1.20)% |
(1.06)% |
Gross Expenses(d) |
1.44% |
1.44% |
1.42% |
1.43% |
1.44% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$286,188 |
$303,669 |
$634,204 |
$820,006 |
$687,425 |
Portfolio Turnover(e) |
129% |
105% |
92% |
72% |
100% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$32.89 |
$56.86 |
$79.07 |
$64.34 |
$52.19 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.65) |
(0.75) |
(1.55) |
(1.30) |
(1.17) |
Net realized and unrealized gains (losses) |
6.87 |
(20.48) |
(8.29) |
24.84 |
20.28 |
Total from Investment Activities |
6.22 |
(21.23) |
(9.84) |
23.54 |
19.11 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Net Asset Value, End of Period |
$39.11 |
$32.89 |
$56.86 |
$79.07 |
$64.34 |
Total Return (excludes contingent deferred
sales charge)(c) |
18.91% |
(37.55)% |
(11.73)% |
36.78% |
36.88% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.16% |
2.16% |
2.16% |
2.16% |
2.16% |
Net Investment Income (Loss) |
(1.85)% |
(1.84)% |
(2.03)% |
(1.96)% |
(1.82)% |
Gross Expenses(d) |
2.45% |
2.31% |
2.16% |
2.26% |
2.27% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$4,484 |
$5,126 |
$11,387 |
$20,323 |
$18,581 |
Portfolio Turnover(e) |
129% |
105% |
92% |
72% |
100% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$47.50 |
$79.37 |
$103.42 |
$81.24 |
$63.83 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.39) |
(0.43) |
(0.91) |
(0.73) |
(0.58) |
Net realized and unrealized gains (losses) |
9.99 |
(28.70) |
(10.77) |
31.72 |
24.95 |
Total from Investment Activities |
9.60 |
(29.13) |
(11.68) |
30.99 |
24.37 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Net Asset Value, End of Period |
$57.10 |
$47.50 |
$79.37 |
$103.42 |
$81.24 |
Total Return(c) |
20.23% |
(36.86)% |
(10.74)% |
38.32% |
38.38% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.06% |
1.05% |
1.04% |
1.06% |
1.06% |
Net Investment Income (Loss) |
(0.76)% |
(0.74)% |
(0.91)% |
(0.86)% |
(0.72)% |
Gross Expenses(d) |
1.09% |
1.05% |
1.04% |
1.06% |
1.06% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$53,691 |
$114,850 |
$611,157 |
$677,128 |
$441,471 |
Portfolio Turnover(e) |
129% |
105% |
92% |
72% |
100% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$47.22 |
$79.00 |
$103.10 |
$81.06 |
$63.75 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
(0.42) |
(0.47) |
(1.00) |
(0.79) |
(0.62) |
Net realized and unrealized gains (losses) |
9.93 |
(28.57) |
(10.73) |
31.64 |
24.89 |
Total from Investment Activities |
9.51 |
(29.04) |
(11.73) |
30.85 |
24.27 |
Distributions to Shareholders from: |
|
|
|
|
|
Net realized gains |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
— |
(2.74) |
(12.37) |
(8.81) |
(6.96) |
Net Asset Value, End of Period |
$56.73 |
$47.22 |
$79.00 |
$103.10 |
$81.06 |
Total Return(c) |
20.16% |
(36.92)% |
(10.82)% |
38.21% |
38.29% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.13% |
1.13% |
1.13% |
1.13% |
1.13% |
Net Investment Income (Loss) |
(0.82)% |
(0.81)% |
(1.00)% |
(0.93)% |
(0.79)% |
Gross Expenses(d) |
1.17% |
1.17% |
1.14% |
1.15% |
1.15% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$203,715 |
$305,542 |
$985,724 |
$1,411,316 |
$1,131,648 |
Portfolio Turnover(e) |
129% |
105% |
92% |
72% |
100% |
Victory RS Mid Cap Growth Fund | ||||||
|
Member Class |
|
|
|
|
|
|
RMOMX |
|
|
|
|
|
Victory RS Small Cap Equity Fund | ||||||
|
Member Class |
|
|
|
|
|
|
RSMMX |
|
|
|
|
|
|
Member
Class |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Member Class |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
MEMBER CLASS Before Taxes |
|
|
|
MEMBER CLASS After Taxes on Distributions |
|
|
|
MEMBER CLASS After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Indices | |||
S&P 500® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell Midcap® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2008 |
Stephen J. Bishop |
Portfolio Manager |
Since 2008 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2008 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Member
Class |
Minimum Initial Investment |
$3,000 |
Minimum Subsequent Investments |
$50 |
|
Member
Class |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Member Class |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
MEMBER CLASS Before Taxes |
|
|
|
MEMBER CLASS After Taxes on Distributions |
|
|
|
MEMBER CLASS After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Indices | |||
Russell 3000® Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Russell 2000® Growth Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
D. Scott Tracy, CFA |
Chief Investment Officer |
Since 2009 |
Stephen J. Bishop |
Portfolio Manager |
Since 2009 |
Melissa Chadwick-Dunn |
Portfolio Manager |
Since 2009 |
Christopher W. Clark, CFA |
Portfolio Manager |
Since 2014 |
Paul Leung, CFA |
Portfolio Manager |
Since 2018 |
Trevor Martin, CFA |
Portfolio Manager |
Since May 2024 |
Investment Minimums |
Member
Class |
Minimum Initial Investment |
$3,000 |
Minimum Subsequent Investments |
$50 |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-235-8396 or please visit VictoryFunds.com. |
|
Mid Cap
Growth |
Small Cap
Equity |
Equity Securities Risk |
X |
X |
Foreign Securities Risk |
X |
X |
General Market Risk |
X |
X |
Investment Style Risk |
X |
X |
Large Shareholder Risk |
X |
X |
Limited Portfolio Risk |
|
X |
Liquidity Risk |
|
X |
Management Risk |
X |
X |
Mid-Capitalization Stock Risk |
X |
|
Portfolio Turnover Risk |
X |
X |
Sector Focus Risk |
X |
X |
Small-Capitalization Stock Risk |
|
X |
An investment in a
Fund is not a complete
investment program. |
|
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Cumulative
10-Year |
Victory RS Mid Cap Growth Fund | |||||||||||
Member Class Shares | |||||||||||
Expenses |
$107 |
$285 |
$291 |
$298 |
$306 |
$312 |
$319 |
$326 |
$334 |
$341 |
$2,919 |
Impact on Return |
$105 |
$287 |
$308 |
$330 |
$353 |
$378 |
$403 |
$431 |
$460 |
$490 |
$3,545 |
Fund |
Advisory Fee |
Victory RS Mid Cap Growth Fund |
0.85% |
Victory RS Small Cap Equity Fund |
0.75% |
All you need to do to get started is to fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182903
Columbus, OH 43218-2903 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-235-8396 |
BY WIRE |
Call 800-235-8396 BEFORE wiring money to notify the Fund that you intend
to purchase shares by wire and to verify wire instructions. |
BY TELEPHONE |
800-235-8396 |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-235-8396 or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-235-8396. |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Member Class | |||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
11/3/20(a)
through
12/31/20 |
Net Asset Value, Beginning of Period |
$15.59 |
$24.84 |
$33.00 |
$29.16 |
Investment Activities: |
|
|
|
|
Net investment income (loss)(b) |
(0.10) |
(0.11) |
(0.28) |
(0.04) |
Net realized and unrealized gains (losses) |
2.92 |
(8.45) |
1.62 |
5.23 |
Total from Investment Activities |
2.82 |
(8.56) |
1.34 |
5.19 |
Distributions to Shareholders from: |
|
|
|
|
Net realized gains |
— |
(0.69) |
(9.50) |
(1.35) |
Return of capital |
— |
—(c) |
— |
— |
Total Distributions |
— |
(0.69) |
(9.50) |
(1.35) |
Net Asset Value, End of Period |
$18.41 |
$15.59 |
$24.84 |
$33.00 |
Total Return(d),(e) |
18.09% |
(34.61)% |
4.88% |
17.94% |
Ratios to Average Net Assets: |
|
|
|
|
Net Expenses(f),(g) |
1.05% |
1.05% |
1.05% |
1.05% |
Net Investment Income (Loss)(f) |
(0.57)% |
(0.58)% |
(0.85)% |
(0.71)% |
Gross Expenses(f),(g) |
2.71% |
2.60% |
5.66% |
31.23% |
Supplemental Data: |
|
|
|
|
Net Assets at end of period (000's) |
$1,073 |
$911 |
$957 |
$109 |
Portfolio Turnover(d),(h) |
119% |
133% |
90% |
92% |
|
Member Class | |||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
11/3/20(a)
through
12/31/20 |
Net Asset Value, Beginning of Period |
$7.60 |
$13.34 |
$18.04 |
$17.72 |
Investment Activities: |
|
|
|
|
Net investment income (loss)(b) |
(0.07) |
(0.10) |
(0.19) |
(0.04) |
Net realized and unrealized gains (losses) |
0.63 |
(4.81) |
(1.30) |
4.37 |
Total from Investment Activities |
0.56 |
(4.91) |
(1.49) |
4.33 |
Distributions to Shareholders from: |
|
|
|
|
Net realized gains |
— |
(0.83) |
(3.21) |
(4.01) |
Total Distributions |
— |
(0.83) |
(3.21) |
(4.01) |
Net Asset Value, End of Period |
$8.16 |
$7.60 |
$13.34 |
$18.04 |
Total Return(c),(d) |
7.37% |
(37.08)% |
(7.35)% |
25.09% |
Ratios to Average Net Assets: |
|
|
|
|
Net Expenses(e),(f) |
1.15% |
1.15% |
1.15% |
1.15% |
Net Investment Income (Loss)(e) |
(0.91)% |
(1.03)% |
(1.08)% |
(1.14)% |
Gross Expenses(e),(f) |
2.26% |
2.44% |
3.55% |
23.73% |
Supplemental Data: |
|
|
|
|
Net Assets at end of period (000's) |
$1,556 |
$1,454 |
$1,394 |
$218 |
Portfolio Turnover(c),(g) |
192% |
151% |
113% |
157%(h) |
Victory RS Global Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSGGX |
RGGCX |
— |
RGGKX |
RGGRX |
RGGYX |
Victory RS International Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GUBGX |
RIGCX |
— |
RIGKX |
RSIRX |
RSIGX |
|
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
|
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or
sale price) |
|
|
|
|
|
Management Fees |
|
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
|
Other Expenses |
|
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement3
|
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years
(or Life
of Class) |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Index | |||
MSCI All-Country World Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes |
|
|
|
|
Title |
Tenure with the Fund |
U-Wen Kok, CFA |
Chief Investment Officer |
Since 2013 |
Adam Mezan, CFA |
Portfolio Manager |
Since 2018 |
Investment Minimums |
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
None |
|
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
|
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or
sale price) |
|
|
|
|
|
Management Fees |
|
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
|
Other Expenses |
|
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement3
|
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years
(or Life
of Class) |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Index | |||
MSCI EAFE Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes |
|
|
|
|
Title |
Tenure with the Fund |
U-Wen Kok, CFA |
Chief Investment Officer |
Since 2013 |
Adam Mezan, CFA |
Portfolio Manager |
Since 2018 |
Investment Minimums |
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
|
Global |
International |
Currency Risk |
X |
X |
Emerging Markets Ris |
X |
X |
Equity Securities Risk |
X |
X |
Foreign Securities Risk |
X |
X |
General Market Risk |
X |
X |
Geographic Focus Risk |
|
X |
Large-Capitalization Stock Risk |
X |
X |
Large Shareholder Risk |
X |
X |
Liquidity Risk |
X |
X |
Management Risk |
X |
X |
Sector Focus Risk |
X |
|
Smaller-Capitalization Stock Risk |
X |
X |
An investment in a
Fund is not a complete
investment program. |
Fund |
Advisory Fee |
Victory RS Global Fund |
0.60% |
Victory RS International Fund |
0.80% |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $49,999 |
5.75% |
6.10% |
$50,000 up to $99,999 |
4.50% |
4.71% |
$100,000 up to $249,999 |
3.50% |
3.63% |
$250,000 up to $499,999 |
2.50% |
2.56% |
$500,000 up to $999,999 |
2.00% |
2.04% |
$1,000,000 and above1
|
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
A Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$16.41 |
$20.47 |
$17.27 |
$14.86 |
$11.53 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.24 |
0.24 |
0.20 |
0.18 |
0.21 |
Net realized and unrealized gains (losses) |
4.13 |
(4.13) |
3.65 |
2.35 |
3.29 |
Total from Investment Activities |
4.37 |
(3.89) |
3.85 |
2.53 |
3.50 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.19) |
(0.17) |
(0.18) |
(0.11) |
(0.16) |
Net realized gains |
— |
— |
(0.47) |
(0.01) |
(0.01) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
(0.19) |
(0.17) |
(0.65) |
(0.12) |
(0.17) |
Net Asset Value, End of Period |
$20.59 |
$16.41 |
$20.47 |
$17.27 |
$14.86 |
Total Return (excludes sales charge)(c) |
26.62% |
(18.99)% |
22.39% |
17.00% |
30.36% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
0.85% |
0.85% |
0.85% |
0.85% |
0.85% |
Net Investment Income (Loss) |
1.31% |
1.39% |
1.05% |
1.22% |
1.51% |
Gross Expenses(d) |
1.17% |
1.17% |
1.34% |
1.40% |
1.53% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$98,626 |
$78,373 |
$71,792 |
$51,066 |
$26,471 |
Portfolio Turnover(e) |
32% |
29% |
38% |
71% |
46% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$15.83 |
$19.73 |
$16.68 |
$14.38 |
$11.17 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.08 |
0.11 |
0.06 |
0.07 |
0.14 |
Net realized and unrealized gains (losses) |
3.98 |
(3.98) |
3.52 |
2.24 |
3.16 |
Total from Investment Activities |
4.06 |
(3.87) |
3.58 |
2.31 |
3.30 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.09) |
(0.03) |
(0.06) |
—(b) |
(0.08) |
Net realized gains |
— |
— |
(0.47) |
(0.01) |
(0.01) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
(0.09) |
(0.03) |
(0.53) |
(0.01) |
(0.09) |
Net Asset Value, End of Period |
$19.80 |
$15.83 |
$19.73 |
$16.68 |
$14.38 |
Total Return (excludes contingent deferred
sales charge)(c) |
25.70% |
(19.61)% |
21.52% |
16.06% |
29.52% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.60% |
1.60% |
1.60% |
1.60% |
1.60% |
Net Investment Income (Loss) |
0.47% |
0.68% |
0.35% |
0.48% |
1.07% |
Gross Expenses(d) |
2.09% |
2.09% |
2.33% |
2.53% |
2.59% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$6,421 |
$3,872 |
$4,221 |
$3,491 |
$3,101 |
Portfolio Turnover(e) |
32% |
29% |
38% |
71% |
46% |
|
Class R | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$20.68 |
$25.73 |
$21.57 |
$18.55 |
$14.37 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.24 |
0.25 |
0.21 |
0.18 |
0.25 |
Net realized and unrealized gains (losses) |
5.20 |
(5.19) |
4.55 |
2.92 |
4.07 |
Total from Investment Activities |
5.44 |
(4.94) |
4.76 |
3.10 |
4.32 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.12) |
(0.11) |
(0.13) |
(0.07) |
(0.13) |
Net realized gains |
— |
— |
(0.47) |
(0.01) |
(0.01) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
(0.12) |
(0.11) |
(0.60) |
(0.08) |
(0.14) |
Net Asset Value, End of Period |
$26.00 |
$20.68 |
$25.73 |
$21.57 |
$18.55 |
Total Return(c) |
26.29% |
(19.19)% |
22.12% |
16.70% |
30.10% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
Net Investment Income (Loss) |
1.03% |
1.16% |
0.85% |
0.98% |
1.53% |
Gross Expenses(d) |
1.56% |
1.57% |
1.70% |
1.93% |
2.34% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$5,670 |
$5,130 |
$5,488 |
$4,454 |
$2,365 |
Portfolio Turnover(e) |
32% |
29% |
38% |
71% |
46% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
5/2/19(a)
through
12/31/19 |
Net Asset Value, Beginning of Period |
$12.06 |
$15.11 |
$12.87 |
$11.07 |
$10.00 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(b) |
0.21 |
0.22 |
0.20 |
0.08 |
0.13 |
Net realized and unrealized gains (losses) |
3.05 |
(3.06) |
2.73 |
1.83 |
1.12 |
Total from Investment Activities |
3.26 |
(2.84) |
2.93 |
1.91 |
1.25 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.23) |
(0.21) |
(0.22) |
(0.10) |
(0.17) |
Net realized gains |
— |
— |
(0.47) |
(0.01) |
(0.01) |
Return of capital |
— |
—(c) |
— |
— |
— |
Total Distributions |
(0.23) |
(0.21) |
(0.69) |
(0.11) |
(0.18) |
Net Asset Value, End of Period |
$15.09 |
$12.06 |
$15.11 |
$12.87 |
$11.07 |
Total Return(d),(e) |
27.02% |
(18.81)% |
22.84% |
17.27% |
12.47% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(f),(g) |
0.55% |
0.55% |
0.55% |
0.55% |
0.55% |
Net Investment Income (Loss)(f) |
1.52% |
1.70% |
1.35% |
0.64% |
1.85% |
Gross Expenses(f),(g) |
0.72% |
0.73% |
0.85% |
1.16% |
28.85% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$248,014 |
$138,665 |
$99,708 |
$46,776 |
$124 |
Portfolio Turnover(d),(h) |
32% |
29% |
38% |
71% |
46% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$16.28 |
$20.31 |
$17.12 |
$14.72 |
$11.42 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.27 |
0.29 |
0.26 |
0.20 |
0.26 |
Net realized and unrealized gains (losses) |
4.11 |
(4.11) |
3.62 |
2.34 |
3.24 |
Total from Investment Activities |
4.38 |
(3.82) |
3.88 |
2.54 |
3.50 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.22) |
(0.21) |
(0.22) |
(0.13) |
(0.19) |
Net realized gains |
— |
— |
(0.47) |
(0.01) |
(0.01) |
Return of capital |
— |
—(b) |
— |
— |
— |
Total Distributions |
(0.22) |
(0.21) |
(0.69) |
(0.14) |
(0.20) |
Net Asset Value, End of Period |
$20.44 |
$16.28 |
$20.31 |
$17.12 |
$14.72 |
Total Return(c) |
26.93% |
(18.82)% |
22.78% |
17.27% |
30.69% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
0.60% |
0.60% |
0.60% |
0.60% |
0.60% |
Net Investment Income (Loss) |
1.43% |
1.67% |
1.34% |
1.38% |
1.95% |
Gross Expenses(d) |
0.84% |
0.84% |
0.96% |
1.10% |
1.17% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$397,402 |
$196,898 |
$169,687 |
$114,925 |
$52,541 |
Portfolio Turnover(e) |
32% |
29% |
38% |
71% |
46% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$12.17 |
$14.76 |
$13.49 |
$12.93 |
$10.63 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.24 |
0.32 |
0.27 |
0.21 |
0.26 |
Net realized and unrealized gains (losses) |
2.17 |
(2.66) |
1.62 |
0.51 |
2.05 |
Total from Investment Activities |
2.41 |
(2.34) |
1.89 |
0.72 |
2.31 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.27) |
(0.22) |
(0.25) |
(0.13) |
—(b) |
Net realized gains |
— |
(0.03) |
(0.37) |
(0.03) |
(0.01) |
Total Distributions |
(0.27) |
(0.25) |
(0.62) |
(0.16) |
(0.01) |
Net Asset Value, End of Period |
$14.31 |
$12.17 |
$14.76 |
$13.49 |
$12.93 |
Total Return (excludes sales charge)(c) |
19.82% |
(15.89)% |
14.05% |
5.55% |
21.72% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.13% |
1.13% |
1.13% |
1.13% |
1.13% |
Net Investment Income (Loss) |
1.82% |
2.53% |
1.80% |
1.79% |
2.18% |
Gross Expenses(d) |
1.41% |
1.41% |
1.40% |
1.47% |
1.55% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$22,958 |
$20,077 |
$25,555 |
$24,010 |
$22,620 |
Portfolio Turnover(e) |
24% |
29% |
43% |
52% |
20% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.50 |
$10.45 |
$9.72 |
$9.36 |
$7.76 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.10 |
0.14 |
0.11 |
0.10 |
0.12 |
Net realized and unrealized gains (losses) |
1.50 |
(1.86) |
1.17 |
0.34 |
1.49 |
Total from Investment Activities |
1.60 |
(1.72) |
1.28 |
0.44 |
1.61 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.21) |
(0.20) |
(0.18) |
(0.05) |
— |
Net realized gains |
— |
(0.03) |
(0.37) |
(0.03) |
(0.01) |
Total Distributions |
(0.21) |
(0.23) |
(0.55) |
(0.08) |
(0.01) |
Net Asset Value, End of Period |
$9.89 |
$8.50 |
$10.45 |
$9.72 |
$9.36 |
Total Return (excludes contingent deferred
sales charge)(b) |
18.88% |
(16.50)% |
13.24% |
4.76% |
20.70% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.88% |
1.88% |
1.88% |
1.88% |
1.88% |
Net Investment Income (Loss) |
1.05% |
1.61% |
1.03% |
1.14% |
1.39% |
Gross Expenses(c) |
2.51% |
3.00% |
3.07% |
3.07% |
3.14% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$2,638 |
$1,967 |
$1,147 |
$1,241 |
$1,480 |
Portfolio Turnover(d) |
24% |
29% |
43% |
52% |
20% |
|
Class R | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$11.30 |
$13.73 |
$12.58 |
$12.07 |
$9.95 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.19 |
0.26 |
0.22 |
0.18 |
0.21 |
Net realized and unrealized gains (losses) |
2.01 |
(2.47) |
1.51 |
0.45 |
1.92 |
Total from Investment Activities |
2.20 |
(2.21) |
1.73 |
0.63 |
2.13 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.24) |
(0.19) |
(0.21) |
(0.09) |
— |
Net realized gains |
— |
(0.03) |
(0.37) |
(0.03) |
(0.01) |
Total Distributions |
(0.24) |
(0.22) |
(0.58) |
(0.12) |
(0.01) |
Net Asset Value, End of Period |
$13.26 |
$11.30 |
$13.73 |
$12.58 |
$12.07 |
Total Return(b) |
19.49% |
(16.09)% |
13.85% |
5.21% |
21.37% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.38% |
1.38% |
1.38% |
1.38% |
1.38% |
Net Investment Income (Loss) |
1.54% |
2.24% |
1.58% |
1.60% |
1.87% |
Gross Expenses(c) |
2.39% |
2.30% |
2.16% |
2.24% |
2.32% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$1,552 |
$1,653 |
$1,959 |
$1,998 |
$2,652 |
Portfolio Turnover(d) |
24% |
29% |
43% |
52% |
20% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
5/2/19(a)
through
12/31/19 |
Net Asset Value, Beginning of Period |
$9.91 |
$12.07 |
$11.14 |
$10.70 |
$10.00 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(b) |
0.23 |
0.29 |
0.25 |
0.20 |
0.06 |
Net realized and unrealized gains (losses) |
1.77 |
(2.17) |
1.34 |
0.43 |
0.67 |
Total from Investment Activities |
2.00 |
(1.88) |
1.59 |
0.63 |
0.73 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.31) |
(0.25) |
(0.29) |
(0.16) |
(0.02) |
Net realized gains |
— |
(0.03) |
(0.37) |
(0.03) |
(0.01) |
Total Distributions |
(0.31) |
(0.28) |
(0.66) |
(0.19) |
(0.03) |
Net Asset Value, End of Period |
$11.60 |
$9.91 |
$12.07 |
$11.14 |
$10.70 |
Total Return(c),(d) |
20.17% |
(15.57)% |
14.32% |
5.90% |
7.24% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(e),(f) |
0.83% |
0.83% |
0.83% |
0.83% |
0.83% |
Net Investment Income (Loss)(e) |
2.13% |
2.80% |
2.06% |
2.03% |
0.92% |
Gross Expenses(e),(f) |
0.92% |
0.92% |
0.91% |
0.93% |
0.97% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$266,101 |
$245,239 |
$296,211 |
$251,586 |
$178,695 |
Portfolio Turnover(c),(g) |
24% |
29% |
43% |
52% |
20% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$11.98 |
$14.54 |
$13.29 |
$12.74 |
$10.47 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.27 |
0.35 |
0.30 |
0.25 |
0.22 |
Net realized and unrealized gains (losses) |
2.14 |
(2.63) |
1.60 |
0.49 |
2.08 |
Total from Investment Activities |
2.41 |
(2.28) |
1.90 |
0.74 |
2.30 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.30) |
(0.25) |
(0.28) |
(0.16) |
(0.02) |
Net realized gains |
— |
(0.03) |
(0.37) |
(0.03) |
(0.01) |
Total Distributions |
(0.30) |
(0.28) |
(0.65) |
(0.19) |
(0.03) |
Net Asset Value, End of Period |
$14.09 |
$11.98 |
$14.54 |
$13.29 |
$12.74 |
Total Return(b) |
20.15% |
(15.71)% |
14.38% |
5.80% |
21.94% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.88% |
0.88% |
0.88% |
0.88% |
0.88% |
Net Investment Income (Loss) |
2.08% |
2.85% |
2.02% |
2.11% |
1.80% |
Gross Expenses(c) |
1.05% |
1.05% |
1.02% |
1.09% |
1.16% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$69,075 |
$66,799 |
$112,511 |
$102,803 |
$75,366 |
Portfolio Turnover(d) |
24% |
29% |
43% |
52% |
20% |
Victory Sophus Emerging Markets Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GBEMX |
REMGX |
— |
REMKX |
RSERX |
RSENX |
|
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Maximum Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
|
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or
sale price) |
|
|
|
|
|
Management Fees |
|
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
|
Other Expenses |
|
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
( |
( |
Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement3
|
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class R6 |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years
(or Life
of Class) |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R Before Taxes |
|
|
|
CLASS R6 Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
MSCI All-Country World Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes1
|
|
|
|
MSCI Emerging Markets Index
reflects no deduction for fees, expenses, or taxes, except foreign
withholding taxes |
|
|
|
|
Title |
Tenure with the Fund |
Michael Reynal |
Chief Investment Officer |
Since 2013 |
Maria Freund, CFA |
Senior Portfolio Manager |
Since 2018 |
Daniel Do Vale |
Portfolio Manager |
Since May 2023 |
Investment Minimums |
Class A |
Class C |
Class R |
Class R6 |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages the Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
An investment in the
Fund is not a complete
investment program. |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $49,999 |
5.75% |
6.10% |
$50,000 up to $99,999 |
4.50% |
4.71% |
$100,000 up to $249,999 |
3.50% |
3.63% |
$250,000 up to $499,999 |
2.50% |
2.56% |
$500,000 up to $999,999 |
2.00% |
2.04% |
$1,000,000 and above1
|
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
The Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Fund's distribution schedule before you invest.
If you buy shares of the Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in the Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.10 |
$22.69 |
$24.70 |
$21.37 |
$17.45 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.26 |
0.40 |
0.18 |
0.10 |
0.37 |
Net realized and unrealized gains (losses) |
1.61 |
(5.48) |
(1.26) |
3.45 |
3.65 |
Total from Investment Activities |
1.87 |
(5.08) |
(1.08) |
3.55 |
4.02 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.42) |
(0.51) |
(0.26) |
(0.22) |
(0.10) |
Net realized gains |
— |
— |
(0.66) |
— |
— |
Return of capital |
— |
— |
(0.01) |
— |
— |
Total Distributions |
(0.42) |
(0.51) |
(0.93) |
(0.22) |
(0.10) |
Net Asset Value, End of Period |
$18.55 |
$17.10 |
$22.69 |
$24.70 |
$21.37 |
Total Return (excludes sales charge)(b) |
10.97% |
(22.41)% |
(4.35)% |
16.73% |
22.96% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
Net Investment Income (Loss) |
1.45% |
2.08% |
0.69% |
0.47% |
1.95% |
Gross Expenses(c) |
1.67% |
1.63% |
1.60% |
1.64% |
1.62% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$36,244 |
$39,819 |
$54,194 |
$60,206 |
$62,346 |
Portfolio Turnover(d) |
72% |
58% |
85% |
109% |
96% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$12.49 |
$16.69 |
$18.38 |
$15.94 |
$13.06 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.09 |
0.17 |
(0.03) |
(0.07) |
0.14 |
Net realized and unrealized gains (losses) |
1.16 |
(4.01) |
(0.92) |
2.58 |
2.74 |
Total from Investment Activities |
1.25 |
(3.84) |
(0.95) |
2.51 |
2.88 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.30) |
(0.36) |
(0.08) |
(0.07) |
— |
Net realized gains |
— |
— |
(0.66) |
— |
— |
Return of capital |
— |
— |
—(b) |
— |
— |
Total Distributions |
(0.30) |
(0.36) |
(0.74) |
(0.07) |
— |
Net Asset Value, End of Period |
$13.44 |
$12.49 |
$16.69 |
$18.38 |
$15.94 |
Total Return (excludes contingent deferred
sales charge)(c) |
10.07% |
(23.01)% |
(5.16)% |
15.79% |
22.05% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
2.14% |
2.14% |
2.14% |
2.14% |
2.14% |
Net Investment Income (Loss) |
0.65% |
1.18% |
(0.17)% |
(0.45)% |
0.99% |
Gross Expenses(d) |
4.08% |
3.39% |
2.77% |
2.69% |
2.48% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$601 |
$752 |
$1,684 |
$3,261 |
$5,787 |
Portfolio Turnover(e) |
72% |
58% |
85% |
109% |
96% |
|
Class R | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$15.93 |
$21.19 |
$23.13 |
$20.03 |
$16.37 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.20 |
0.33 |
0.11 |
0.05 |
0.31 |
Net realized and unrealized gains (losses) |
1.50 |
(5.12) |
(1.18) |
3.23 |
3.41 |
Total from Investment Activities |
1.70 |
(4.79) |
(1.07) |
3.28 |
3.72 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.38) |
(0.47) |
(0.20) |
(0.18) |
(0.06) |
Net realized gains |
— |
— |
(0.66) |
— |
— |
Return of capital |
— |
— |
(0.01) |
— |
— |
Total Distributions |
(0.38) |
(0.47) |
(0.87) |
(0.18) |
(0.06) |
Net Asset Value, End of Period |
$17.25 |
$15.93 |
$21.19 |
$23.13 |
$20.03 |
Total Return(b) |
10.70% |
(22.62)% |
(4.57)% |
16.46% |
22.64% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.58% |
1.58% |
1.58% |
1.58% |
1.58% |
Net Investment Income (Loss) |
1.21% |
1.85% |
0.44% |
0.25% |
1.71% |
Gross Expenses(c) |
1.99% |
1.94% |
1.91% |
1.95% |
1.94% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$8,249 |
$9,064 |
$11,840 |
$13,531 |
$13,817 |
Portfolio Turnover(d) |
72% |
58% |
85% |
109% |
96% |
|
Class R6 | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.40 |
$23.08 |
$25.10 |
$21.68 |
$17.68 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.35 |
0.50 |
0.31 |
0.20 |
0.52 |
Net realized and unrealized gains (losses) |
1.63 |
(5.59) |
(1.30) |
3.52 |
3.65 |
Total from Investment Activities |
1.98 |
(5.09) |
(0.99) |
3.72 |
4.17 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.50) |
(0.59) |
(0.35) |
(0.30) |
(0.17) |
Net realized gains |
— |
— |
(0.66) |
— |
— |
Return of capital |
— |
— |
(0.02) |
— |
— |
Total Distributions |
(0.50) |
(0.59) |
(1.03) |
(0.30) |
(0.17) |
Net Asset Value, End of Period |
$18.88 |
$17.40 |
$23.08 |
$25.10 |
$21.68 |
Total Return(b) |
11.44% |
(22.06)% |
(3.93)% |
17.28% |
23.55% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
Net Investment Income (Loss) |
1.88% |
2.58% |
1.17% |
0.95% |
2.69% |
Gross Expenses(c) |
1.21% |
1.19% |
1.17% |
1.21% |
1.22% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$162,243 |
$159,001 |
$174,198 |
$115,637 |
$72,196 |
Portfolio Turnover(d) |
72% |
58% |
85% |
109% |
96% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$17.20 |
$22.83 |
$24.85 |
$21.48 |
$17.54 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.33 |
0.48 |
0.27 |
0.16 |
0.45 |
Net realized and unrealized gains (losses) |
1.62 |
(5.53) |
(1.27) |
3.50 |
3.65 |
Total from Investment Activities |
1.95 |
(5.05) |
(1.00) |
3.66 |
4.10 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.49) |
(0.58) |
(0.34) |
(0.29) |
(0.16) |
Net realized gains |
— |
— |
(0.66) |
— |
— |
Return of capital |
— |
— |
(0.02) |
— |
— |
Total Distributions |
(0.49) |
(0.58) |
(1.02) |
(0.29) |
(0.16) |
Net Asset Value, End of Period |
$18.66 |
$17.20 |
$22.83 |
$24.85 |
$21.48 |
Total Return(b) |
11.37% |
(22.15)% |
(4.01)% |
17.10% |
23.40% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.99% |
0.99% |
0.99% |
0.99% |
0.99% |
Net Investment Income (Loss) |
1.81% |
2.48% |
1.05% |
0.79% |
2.32% |
Gross Expenses(c) |
1.35% |
1.32% |
1.29% |
1.31% |
1.30% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$172,246 |
$191,226 |
$258,201 |
$280,364 |
$255,423 |
Portfolio Turnover(d) |
72% |
58% |
85% |
109% |
96% |
Victory Floating Rate Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSFLX |
RSFCX |
— |
— |
— |
RSFYX |
Victory High Income Municipal Bond Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RSHMX |
RSHCX |
— |
— |
— |
RHMYX |
Victory High Yield Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GUHYX |
RHYCX |
— |
RHYKX |
— |
RSYYX |
Victory Tax-Exempt Fund | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
GUTEX |
RETCX |
— |
— |
— |
RSTYX |
Victory Low Duration Bond Fund
(formerly Victory INCORE Low Duration Bond Fund) | ||||||
|
Class A |
Class C |
Class I |
Class R |
Class R6 |
Class Y |
|
RLDAX |
RLDCX |
— |
— |
— |
RSDYX |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Bloomberg U.S. Aggregate Bond Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Morningstar LSTA US Leveraged Loan Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
John Blaney, CFA |
Portfolio Manager, Park Avenue |
Since 2013 |
Andrew Liggio |
Portfolio Manager, Park Avenue |
Since 2021 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Bloomberg Municipal Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
Bloomberg High Yield Municipal Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Andrew Hattman, CFA, CAIA |
Senior Portfolio Manager and
Head of Municipal Bond Portfolio
Management |
Since 2020 |
Lauren Spalten |
Portfolio Manager |
Since 2021 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class R |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
|
Management Fees |
|
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
|
Other Expenses |
|
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
|
( |
Total Annual Fund Operating Expenses After Fee Waiver
and/or Expense Reimbursement3
|
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class R |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS R Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Bloomberg U.S. Universal Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Bloomberg U.S. Corporate High Yield Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
John Blaney, CFA |
Portfolio Manager, Park Avenue |
Since 2015 |
Andrew Liggio |
Portfolio Manager, Park Avenue |
Since 2021 |
Investment Minimums |
Class A |
Class C |
Class R |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
None |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Index | |||
Bloomberg Municipal Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Andrew Hattman, CFA, CAIA |
Senior Portfolio Manager and
Head of Municipal Bond Portfolio
Management |
Since 2020 |
Lauren Spalten |
Portfolio Manager |
Since 2021 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
|
Class A |
Class C |
Class Y |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
|
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
|
|
Management Fees |
|
|
|
Distribution and/or Service (12b-1) Fees |
|
|
|
Other Expenses |
|
|
|
Total Annual Fund Operating Expenses |
|
|
|
Fee Waiver/Expense Reimbursement3
|
( |
( |
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement3
|
|
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ |
$ |
$ |
$ |
Class C |
$ |
$ |
$ |
$ |
Class Y |
$ |
$ |
$ |
$ |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
CLASS A Before Taxes |
|
|
|
CLASS A After Taxes on Distributions |
|
|
|
CLASS A After Taxes on Distributions and Sale of Fund Shares |
|
|
|
CLASS C Before Taxes |
|
|
|
CLASS Y Before Taxes |
|
|
|
Indices | |||
Bloomberg U.S. Aggregate Bond Index
reflects no deduction for fees, expenses, or taxes1
|
|
|
|
Bloomberg 1-3 Year Credit Index
reflects no deduction for fees, expenses, or taxes2
|
|
|
|
Bloomberg U.S. Government 1-3 Year Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Brian W. Smith, CFA, CPA |
Senior Portfolio Manager |
September 2023 |
Douglas J. Rollwitz, CFA, CPA |
Portfolio Manager and Senior
Fixed Income Research Analyst |
September 2023 |
Zach Winters, CFA |
Portfolio Manager and Senior
Fixed Income Research Analyst |
September 2023 |
Investment Minimums |
Class A |
Class C |
Class Y |
Minimum Initial Investment |
$2,500 |
$2,500 |
$1,000,000 |
Minimum Subsequent Investments |
$50 |
$50 |
None |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-539-FUND (800-539-3863) or please visit VictoryFunds.com. |
|
Floating
Rate |
High Income
Municipal Bond |
High
Yield |
Tax-
Exempt |
Low Duration Bond |
Convertible Securities Risk |
|
|
X |
|
|
Credit Derivatives Risk |
X |
X |
X |
X |
X |
Debt Securities Risk |
X |
X |
X |
X |
X |
Derivatives Risk |
X |
X |
X |
X |
X |
Floating Rate Loan Risk |
X |
|
X |
|
|
Foreign Securities Risk |
X |
|
X |
|
X |
General Market Risk |
X |
X |
X |
X |
X |
High-Yield/Junk Bond Risk |
X |
X |
X |
X |
X |
Large Shareholder Risk |
X |
X |
X |
X |
X |
Liquidity Risk |
X |
X |
X |
X |
X |
Loan Risk |
X |
|
X |
|
|
Management Risk |
X |
X |
X |
X |
X |
Mortgage- and Asset-Backed Securities Risk |
|
|
X |
|
X |
Mortgage Dollar Roll Risk |
|
|
|
|
X |
Municipal Obligations Risk |
|
X |
|
X |
|
Reference Rate Transition Risk |
X |
|
X |
|
|
U.S. Government Securities Risk |
X |
X |
X |
X |
|
When-Issued, TBA and Delayed-Delivery Securities |
|
|
X |
|
X |
An investment in a
Fund is not a complete
investment program. |
Fund |
Advisory Fee |
Victory Floating Rate Fund |
0.65% |
Victory High Income Municipal Bond Fund |
0.50% |
Victory High Yield Fund |
0.60% |
Victory Tax-Exempt Fund |
0.50% |
Victory Low Duration Bond Fund |
0.45% |
All you need to get started is fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other financial intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
For historical expense information, see the “Financial Highlights”
at the end of this Prospectus. |
Your Investment in the Fund |
Sales
Charge
as a % of
Offering
Price |
Sales
Charge
as a % of
Your
Investment |
Up to $99,999 |
2.25% |
2.30% |
$100,000 up to $249,999 |
1.75% |
1.78% |
$250,000 and above* |
0.00% |
0.00% |
There are several ways you can combine multiple purchases of Class A shares of the Victory
Funds to take advantage of reduced sales charges or, in some cases, eliminate sales charges. |
A Fund reserves the right to change the criteria for eligible investors and
the investment minimums. |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182593
Columbus, OH 43218-2593 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-539-FUND (800-539-3863) |
BY WIRE |
Call 800-539-FUND (800-539-3863) BEFORE wiring money to notify the
Fund that you intend to purchase shares by wire and to verify wire
instructions. |
BY TELEPHONE |
800-539-FUND (800-539-3863) |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-539-FUND (800-539-3863) or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-539-FUND (800-539-3863). |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.19 |
$9.33 |
$9.34 |
$9.42 |
$9.13 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.76 |
0.48 |
0.36 |
0.49 |
0.55 |
Net realized and unrealized gains (losses) |
(0.03) |
(1.13) |
—(b) |
(0.08) |
0.29 |
Total from Investment Activities |
0.73 |
(0.65) |
0.36 |
0.41 |
0.84 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.79) |
(0.49) |
(0.37) |
(0.49) |
(0.55) |
Total Distributions |
(0.79) |
(0.49) |
(0.37) |
(0.49) |
(0.55) |
Net Asset Value, End of Period |
$8.13 |
$8.19 |
$9.33 |
$9.34 |
$9.42 |
Total Return (excludes sales charge)(c) |
9.30% |
(7.01)% |
3.89% |
4.81% |
9.43% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.00% |
1.01%(e) |
1.00% |
1.00% |
1.00% |
Net Investment Income (Loss) |
9.25% |
5.52% |
3.88% |
5.54% |
5.89% |
Gross Expenses(d) |
1.12% |
1.11% |
1.12% |
1.17% |
1.17% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$187,617 |
$252,904 |
$349,706 |
$164,864 |
$146,584 |
Portfolio Turnover(f) |
36% |
35% |
35% |
54% |
35% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.20 |
$9.33 |
$9.34 |
$9.42 |
$9.14 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.69 |
0.41 |
0.29 |
0.43 |
0.48 |
Net realized and unrealized gains (losses) |
(0.04) |
(1.12) |
(0.01) |
(0.09) |
0.28 |
Total from Investment Activities |
0.65 |
(0.71) |
0.28 |
0.34 |
0.76 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.72) |
(0.42) |
(0.29) |
(0.42) |
(0.48) |
Total Distributions |
(0.72) |
(0.42) |
(0.29) |
(0.42) |
(0.48) |
Net Asset Value, End of Period |
$8.13 |
$8.20 |
$9.33 |
$9.34 |
$9.42 |
Total Return (excludes contingent deferred
sales charge)(b) |
8.30% |
(7.66)% |
3.05% |
3.96% |
8.49% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.80% |
1.81%(d) |
1.80% |
1.80% |
1.80% |
Net Investment Income (Loss) |
8.44% |
4.73% |
3.09% |
4.81% |
5.08% |
Gross Expenses(c) |
1.88% |
1.87% |
1.89% |
1.94% |
1.92% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$42,099 |
$58,606 |
$81,109 |
$94,885 |
$149,054 |
Portfolio Turnover(e) |
36% |
35% |
35% |
54% |
35% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.20 |
$9.33 |
$9.35 |
$9.43 |
$9.14 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.77 |
0.49 |
0.38 |
0.51 |
0.57 |
Net realized and unrealized gains (losses) |
(0.03) |
(1.11) |
(0.01) |
(0.08) |
0.29 |
Total from Investment Activities |
0.74 |
(0.62) |
0.37 |
0.43 |
0.86 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.81) |
(0.51) |
(0.39) |
(0.51) |
(0.57) |
Total Distributions |
(0.81) |
(0.51) |
(0.39) |
(0.51) |
(0.57) |
Net Asset Value, End of Period |
$8.13 |
$8.20 |
$9.33 |
$9.35 |
$9.43 |
Total Return(b) |
9.42% |
(6.69)% |
4.01% |
5.03% |
9.65% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.78% |
0.79%(d) |
0.78% |
0.78% |
0.78% |
Net Investment Income (Loss) |
9.45% |
5.58% |
4.08% |
5.73% |
6.10% |
Gross Expenses(c) |
0.86% |
0.85% |
0.86% |
0.93% |
0.92% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$518,827 |
$939,244 |
$1,768,900 |
$403,852 |
$289,796 |
Portfolio Turnover(e) |
36% |
35% |
35% |
54% |
35% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
$10.39 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.37 |
0.36 |
0.36 |
0.42 |
0.35 |
Net realized and unrealized gains (losses) |
0.29 |
(1.95) |
0.27 |
0.15 |
0.47 |
Total from Investment Activities |
0.66 |
(1.59) |
0.63 |
0.57 |
0.82 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.40) |
(0.40) |
(0.38) |
(0.39) |
(0.40) |
Net realized gains |
— |
(0.03) |
— |
(0.09) |
(0.06) |
Total Distributions |
(0.40) |
(0.43) |
(0.38) |
(0.48) |
(0.46) |
Net Asset Value, End of Period |
$9.33 |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
Total Return (excludes sales charge)(b) |
7.41% |
(14.48)% |
5.91% |
5.52% |
8.04% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.80%(d) |
0.80% |
0.80% |
0.80% |
0.80% |
Net Investment Income (Loss) |
4.08% |
3.74% |
3.22% |
3.95% |
3.27% |
Gross Expenses(c) |
1.13%(d) |
1.04% |
1.04% |
1.10% |
1.09% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$18,357 |
$21,747 |
$34,352 |
$26,330 |
$19,153 |
Portfolio Turnover(e) |
11% |
23% |
19% |
74% |
49% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
$10.39 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.30 |
0.29 |
0.28 |
0.33 |
0.28 |
Net realized and unrealized gains (losses) |
0.28 |
(1.96) |
0.27 |
0.16 |
0.46 |
Total from Investment Activities |
0.58 |
(1.67) |
0.55 |
0.49 |
0.74 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.33) |
(0.32) |
(0.30) |
(0.31) |
(0.32) |
Net realized gains |
— |
(0.03) |
— |
(0.09) |
(0.06) |
Total Distributions |
(0.33) |
(0.35) |
(0.30) |
(0.40) |
(0.38) |
Net Asset Value, End of Period |
$9.32 |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
Total Return (excludes contingent deferred
sales charge)(b) |
6.59% |
(15.14)% |
5.12% |
4.72% |
7.22% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.57%(d) |
1.57% |
1.57% |
1.57% |
1.57% |
Net Investment Income (Loss) |
3.30% |
2.94% |
2.50% |
3.11% |
2.61% |
Gross Expenses(c) |
3.14%(d) |
2.56% |
2.20% |
1.90% |
1.85% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$475 |
$1,259 |
$2,192 |
$9,378 |
$13,995 |
Portfolio Turnover(e) |
11% |
23% |
19% |
74% |
49% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
$10.39 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.39 |
0.38 |
0.38 |
0.44 |
0.38 |
Net realized and unrealized gains (losses) |
0.29 |
(1.95) |
0.28 |
0.16 |
0.47 |
Total from Investment Activities |
0.68 |
(1.57) |
0.66 |
0.60 |
0.85 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.42) |
(0.42) |
(0.41) |
(0.42) |
(0.43) |
Net realized gains |
— |
(0.03) |
— |
(0.09) |
(0.06) |
Total Distributions |
(0.42) |
(0.45) |
(0.41) |
(0.51) |
(0.49) |
Net Asset Value, End of Period |
$9.33 |
$9.07 |
$11.09 |
$10.84 |
$10.75 |
Total Return(b) |
7.77% |
(14.29)% |
6.16% |
5.76% |
8.29% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.57%(d) |
0.57% |
0.57% |
0.57% |
0.57% |
Net Investment Income (Loss) |
4.31% |
3.94% |
3.40% |
4.14% |
3.56% |
Gross Expenses(c) |
0.89%(d) |
0.87% |
0.85% |
0.93% |
0.88% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$14,528 |
$12,548 |
$14,087 |
$9,682 |
$10,620 |
Portfolio Turnover(e) |
11% |
23% |
19% |
74% |
49% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$5.26 |
$6.79 |
$6.83 |
$6.73 |
$6.20 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.42 |
0.40 |
0.36 |
0.37 |
0.37 |
Net realized and unrealized gains (losses) |
0.17 |
(1.52) |
(0.03) |
0.10 |
0.54 |
Total from Investment Activities |
0.59 |
(1.12) |
0.33 |
0.47 |
0.91 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.45) |
(0.41) |
(0.37) |
(0.37) |
(0.38) |
Total Distributions |
(0.45) |
(0.41) |
(0.37) |
(0.37) |
(0.38) |
Net Asset Value, End of Period |
$5.40 |
$5.26 |
$6.79 |
$6.83 |
$6.73 |
Total Return (excludes sales charge)(b) |
11.69% |
(16.87)% |
4.86% |
7.61% |
14.90% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
Net Investment Income (Loss) |
7.88% |
6.68% |
5.22% |
5.85% |
5.70% |
Gross Expenses(c) |
1.09% |
1.08% |
1.08% |
1.12% |
1.12% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$28,258 |
$28,508 |
$49,271 |
$38,735 |
$31,602 |
Portfolio Turnover(d) |
46% |
47% |
67% |
124% |
87% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$5.28 |
$6.81 |
$6.85 |
$6.75 |
$6.21 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.38 |
0.36 |
0.31 |
0.33 |
0.33 |
Net realized and unrealized gains (losses) |
0.17 |
(1.52) |
(0.03) |
0.10 |
0.54 |
Total from Investment Activities |
0.55 |
(1.16) |
0.28 |
0.43 |
0.87 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.41) |
(0.37) |
(0.32) |
(0.33) |
(0.33) |
Total Distributions |
(0.41) |
(0.37) |
(0.32) |
(0.33) |
(0.33) |
Net Asset Value, End of Period |
$5.42 |
$5.28 |
$6.81 |
$6.85 |
$6.75 |
Total Return (excludes contingent deferred
sales charge)(b) |
10.87% |
(17.41)% |
4.11% |
6.84% |
14.24% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.70% |
1.70% |
1.70% |
1.70% |
1.70% |
Net Investment Income (Loss) |
7.16% |
6.03% |
4.51% |
5.14% |
5.00% |
Gross Expenses(c) |
1.81% |
1.80% |
1.78% |
1.81% |
1.82% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$22,618 |
$23,976 |
$32,889 |
$25,957 |
$21,163 |
Portfolio Turnover(d) |
46% |
47% |
67% |
124% |
87% |
|
Class R | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$5.28 |
$6.81 |
$6.85 |
$6.75 |
$6.22 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.40 |
0.38 |
0.34 |
0.35 |
0.35 |
Net realized and unrealized gains (losses) |
0.17 |
(1.52) |
(0.03) |
0.10 |
0.53 |
Total from Investment Activities |
0.57 |
(1.14) |
0.31 |
0.45 |
0.88 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.43) |
(0.39) |
(0.35) |
(0.35) |
(0.35) |
Total Distributions |
(0.43) |
(0.39) |
(0.35) |
(0.35) |
(0.35) |
Net Asset Value, End of Period |
$5.42 |
$5.28 |
$6.81 |
$6.85 |
$6.75 |
Total Return(b) |
11.29% |
(17.07)% |
4.55% |
7.24% |
14.48% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.31% |
1.29% |
1.28% |
1.33% |
1.33% |
Net Investment Income (Loss) |
7.53% |
6.46% |
4.93% |
5.51% |
5.37% |
Gross Expenses(c) |
1.31% |
1.29% |
1.28% |
1.33% |
1.33% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$16,109 |
$15,267 |
$19,243 |
$19,248 |
$18,818 |
Portfolio Turnover(d) |
46% |
47% |
67% |
124% |
87% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$5.24 |
$6.76 |
$6.80 |
$6.70 |
$6.17 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.43 |
0.41 |
0.38 |
0.39 |
0.39 |
Net realized and unrealized gains (losses) |
0.17 |
(1.51) |
(0.04) |
0.10 |
0.53 |
Total from Investment Activities |
0.60 |
(1.10) |
0.34 |
0.49 |
0.92 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.46) |
(0.42) |
(0.38) |
(0.39) |
(0.39) |
Total Distributions |
(0.46) |
(0.42) |
(0.38) |
(0.39) |
(0.39) |
Net Asset Value, End of Period |
$5.38 |
$5.24 |
$6.76 |
$6.80 |
$6.70 |
Total Return(b) |
12.02% |
(16.58)% |
5.15% |
7.88% |
15.25% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.76% |
0.76% |
0.76% |
0.76% |
0.76% |
Net Investment Income (Loss) |
8.21% |
7.00% |
5.49% |
6.11% |
5.96% |
Gross Expenses(c) |
0.89% |
0.86% |
0.84% |
0.90% |
0.92% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$110,624 |
$177,376 |
$237,385 |
$168,677 |
$108,171 |
Portfolio Turnover(d) |
46% |
47% |
67% |
124% |
87% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
$9.47 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.28 |
0.27 |
0.27 |
0.29 |
0.30 |
Net realized and unrealized gains (losses) |
0.28 |
(1.41) |
0.12 |
0.23 |
0.53 |
Total from Investment Activities |
0.56 |
(1.14) |
0.39 |
0.52 |
0.83 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.32) |
(0.31) |
(0.32) |
(0.32) |
(0.34) |
Net realized gains |
— |
(0.06) |
(0.23) |
(0.10) |
(0.12) |
Total Distributions |
(0.32) |
(0.37) |
(0.55) |
(0.42) |
(0.46) |
Net Asset Value, End of Period |
$8.51 |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
Total Return (excludes sales charge)(b) |
6.89% |
(11.70)% |
3.94% |
5.39% |
8.82% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.80%(d) |
0.80% |
0.80% |
0.80% |
0.80% |
Net Investment Income (Loss) |
3.44% |
3.08% |
2.74% |
3.00% |
3.04% |
Gross Expenses(c) |
1.12%(d) |
1.07% |
1.03% |
1.04% |
1.02% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$25,328 |
$24,745 |
$35,312 |
$32,001 |
$30,251 |
Portfolio Turnover(e) |
15% |
13% |
6% |
44% |
64% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
$9.47 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.22 |
0.20 |
0.20 |
0.22 |
0.23 |
Net realized and unrealized gains (losses) |
0.27 |
(1.41) |
0.11 |
0.22 |
0.52 |
Total from Investment Activities |
0.49 |
(1.21) |
0.31 |
0.44 |
0.75 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.26) |
(0.24) |
(0.24) |
(0.24) |
(0.26) |
Net realized gains |
— |
(0.06) |
(0.23) |
(0.10) |
(0.12) |
Total Distributions |
(0.26) |
(0.30) |
(0.47) |
(0.34) |
(0.38) |
Net Asset Value, End of Period |
$8.50 |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
Total Return (excludes contingent deferred
sales charge)(b) |
6.05% |
(12.40)% |
3.13% |
4.56% |
7.97% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
1.60%(d) |
1.60% |
1.60% |
1.60% |
1.60% |
Net Investment Income (Loss) |
2.64% |
2.23% |
2.01% |
2.28% |
2.34% |
Gross Expenses(c) |
3.23%(d) |
2.58% |
2.38% |
1.91% |
1.82% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$707 |
$927 |
$2,037 |
$6,497 |
$11,259 |
Portfolio Turnover(e) |
15% |
13% |
6% |
44% |
64% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
$9.46 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.29 |
0.28 |
0.29 |
0.30 |
0.30 |
Net realized and unrealized gains (losses) |
0.27 |
(1.41) |
0.11 |
0.23 |
0.55 |
Total from Investment Activities |
0.56 |
(1.13) |
0.40 |
0.53 |
0.85 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.33) |
(0.32) |
(0.33) |
(0.33) |
(0.35) |
Net realized gains |
— |
(0.06) |
(0.23) |
(0.10) |
(0.12) |
Total Distributions |
(0.33) |
(0.38) |
(0.56) |
(0.43) |
(0.47) |
Net Asset Value, End of Period |
$8.50 |
$8.27 |
$9.78 |
$9.94 |
$9.84 |
Total Return(b) |
7.01% |
(11.60)% |
4.06% |
5.51% |
9.06% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.69%(d) |
0.69% |
0.69% |
0.69% |
0.69% |
Net Investment Income (Loss) |
3.55% |
3.19% |
2.85% |
3.12% |
3.07% |
Gross Expenses(c) |
0.98%(d) |
0.87% |
0.89% |
0.85% |
0.83% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$10,348 |
$10,826 |
$13,969 |
$22,998 |
$24,459 |
Portfolio Turnover(e) |
15% |
13% |
6% |
44% |
64% |
|
Class A | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.64 |
$10.16 |
$10.20 |
$9.99 |
$9.86 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.24 |
0.12 |
0.09 |
0.14 |
0.19 |
Net realized and unrealized gains (losses) |
0.20 |
(0.49) |
(0.02) |
0.24 |
0.15 |
Total from Investment Activities |
0.44 |
(0.37) |
0.07 |
0.38 |
0.34 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.28) |
(0.15) |
(0.11) |
(0.14) |
(0.20) |
Return of capital |
— |
— |
— |
(0.03) |
(0.01) |
Total Distributions |
(0.28) |
(0.15) |
(0.11) |
(0.17) |
(0.21) |
Net Asset Value, End of Period |
$9.80 |
$9.64 |
$10.16 |
$10.20 |
$9.99 |
Total Return (excludes sales charge)(b) |
4.65% |
(3.62)% |
0.71% |
3.85% |
3.51% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.85% |
0.85% |
0.85% |
0.85% |
0.85% |
Net Investment Income (Loss) |
2.52% |
1.18% |
0.87% |
1.39% |
1.93% |
Gross Expenses(c) |
0.96% |
0.96% |
0.95% |
0.95% |
0.95% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$54,266 |
$70,419 |
$76,901 |
$70,357 |
$61,972 |
Portfolio Turnover(d) |
58% |
81% |
58% |
85% |
50% |
|
Class C | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.65 |
$10.16 |
$10.20 |
$9.99 |
$9.85 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.17 |
0.04 |
0.01 |
0.08 |
0.12 |
Net realized and unrealized gains (losses) |
0.20 |
(0.47) |
(0.02) |
0.22 |
0.16 |
Total from Investment Activities |
0.37 |
(0.43) |
(0.01) |
0.30 |
0.28 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.21) |
(0.08) |
(0.03) |
(0.07) |
(0.14) |
Return of capital |
— |
— |
— |
(0.02) |
—(b) |
Total Distributions |
(0.21) |
(0.08) |
(0.03) |
(0.09) |
(0.14) |
Net Asset Value, End of Period |
$9.81 |
$9.65 |
$10.16 |
$10.20 |
$9.99 |
Total Return (excludes contingent deferred
sales charge)(c) |
3.85% |
(4.26)% |
(0.07)% |
3.05% |
2.81% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(d) |
1.62% |
1.62% |
1.62% |
1.62% |
1.62% |
Net Investment Income (Loss) |
1.74% |
0.37% |
0.10% |
0.76% |
1.17% |
Gross Expenses(d) |
2.04% |
1.91% |
1.91% |
1.72% |
1.70% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$2,307 |
$3,841 |
$5,528 |
$23,504 |
$38,969 |
Portfolio Turnover(e) |
58% |
81% |
58% |
85% |
50% |
|
Class Y | ||||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
Year
Ended
12/31/20 |
Year
Ended
12/31/19 |
Net Asset Value, Beginning of Period |
$9.65 |
$10.16 |
$10.20 |
$9.99 |
$9.86 |
Investment Activities: |
|
|
|
|
|
Net investment income (loss)(a) |
0.27 |
0.14 |
0.11 |
0.17 |
0.21 |
Net realized and unrealized gains (losses) |
0.19 |
(0.47) |
(0.01) |
0.23 |
0.16 |
Total from Investment Activities |
0.46 |
(0.33) |
0.10 |
0.40 |
0.37 |
Distributions to Shareholders from: |
|
|
|
|
|
Net investment income |
(0.30) |
(0.18) |
(0.14) |
(0.15) |
(0.23) |
Return of capital |
— |
— |
— |
(0.04) |
(0.01) |
Total Distributions |
(0.30) |
(0.18) |
(0.14) |
(0.19) |
(0.24) |
Net Asset Value, End of Period |
$9.81 |
$9.65 |
$10.16 |
$10.20 |
$9.99 |
Total Return(b) |
4.78% |
(3.30)% |
0.94% |
4.08% |
3.76% |
Ratios to Average Net Assets: |
|
|
|
|
|
Net Expenses(c) |
0.62% |
0.62% |
0.62% |
0.62% |
0.62% |
Net Investment Income (Loss) |
2.75% |
1.40% |
1.10% |
1.64% |
2.12% |
Gross Expenses(c) |
0.68% |
0.65% |
0.67% |
0.68% |
0.69% |
Supplemental Data: |
|
|
|
|
|
Net Assets at end of period (000's) |
$78,500 |
$105,653 |
$133,644 |
$165,330 |
$164,509 |
Portfolio Turnover(d) |
58% |
81% |
58% |
85% |
50% |
Victory Floating Rate Fund | ||||||
|
Member Class |
|
|
|
|
|
|
RSFMX |
|
|
|
|
|
Victory High Income Municipal Bond Fund | ||||||
|
Member Class |
|
|
|
|
|
|
RHMMX |
|
|
|
|
|
|
Member
Class |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Member Class |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
MEMBER CLASS Before Taxes |
|
|
|
MEMBER CLASS After Taxes on Distributions |
|
|
|
MEMBER CLASS After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Indices | |||
Bloomberg U.S. Aggregate Bond Index
Index returns reflect no deduction for fees, expenses, or taxes1
|
|
|
|
Morningstar LSTA US Leveraged Loan Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
John Blaney, CFA |
Portfolio Manager, Park Avenue |
Since 2013 |
Andrew Liggio |
Portfolio Manager, Park Avenue |
Since 2021 |
Investment Minimums |
Member
Class |
Minimum Initial Investment |
$3,000 |
Minimum Subsequent Investments |
$50 |
|
Member
Class |
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price) |
|
Maximum Deferred Sales Charge (Load)
(as a percentage of the lower of purchase or sale price) |
|
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses |
|
Total Annual Fund Operating Expenses |
|
Fee Waiver/Expense Reimbursement1
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement1
|
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Member Class |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1 Year |
5 Years |
10 Years |
MEMBER CLASS Before Taxes |
|
|
|
MEMBER CLASS After Taxes on Distributions |
|
|
|
MEMBER CLASS After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Indices | |||
Bloomberg Municipal Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
Bloomberg High Yield Municipal Bond Index
reflects no deduction for fees, expenses, or taxes |
|
|
|
|
Title |
Tenure with the Fund |
Andrew Hattman, CFA, CAIA |
Senior Portfolio Manager and
Head of Municipal Bond Portfolio
Management |
Since 2020 |
Lauren Spalten |
Portfolio Manager |
Since 2021 |
Investment Minimums |
Member
Class |
Minimum Initial Investment |
$3,000 |
Minimum Subsequent Investments |
$50 |
Victory Capital Management Inc., which we refer to as the “Adviser”
throughout the Prospectus, manages each Fund. |
If you would like to receive additional copies of any materials, please call the Victory Funds
at 800-235-8396 or please visit VictoryFunds.com. |
|
Floating
Rate |
High Income
Municipal Bond |
Credit Derivatives Risk |
X |
X |
Debt Securities Risk |
X |
X |
Derivatives Risk |
X |
X |
Floating Rate Loan Risk |
X |
|
Foreign Securities Risk |
X |
|
General Market Risk |
X |
X |
High-Yield/Junk Bond Risk |
X |
X |
Large Shareholder Risk |
X |
X |
Liquidity Risk |
X |
X |
Loan Risk |
X |
|
Management Risk |
X |
X |
Municipal Obligations Risk |
|
X |
Reference Rate TransitionRisk |
X |
|
U.S. Government Securities Risk |
X |
X |
An investment in a
Fund is not a complete
investment program. |
Fund |
Advisory Fee |
Victory Floating Rate Fund |
0.65% |
Victory High Income Municipal Bond Fund |
0.50% |
All you need to do to get started is to fill out an application. |
An Investment Professional is an investment consultant, salesperson, financial planner,
investment adviser, or trust officer who provides you with investment information.
Your Investment Professional also can help you decide which share class is best for you.
Investment Professionals and other intermediaries may charge fees for their services. |
The daily NAV is useful to you as a shareholder because the NAV,
multiplied by the number of Fund shares you own, gives you the value of your investment. |
NAV= |
Total Assets - Liabilities |
Number of Shares Outstanding |
Keep these addresses handy for purchases, exchanges, or redemptions. |
BY REGULAR U.S. MAIL |
Victory Funds
P.O. Box 182903
Columbus, OH 43218-2903 |
BY OVERNIGHT MAIL |
Use the following address ONLY for overnight packages:
Victory Funds
c/o FIS TA Operations
4249 Easton Way, Suite 400
Columbus, OH 43219
PHONE: 800-235-8396 |
BY WIRE |
Call 800-235-8396 BEFORE wiring money to notify the Fund that you intend
to purchase shares by wire and to verify wire instructions. |
BY TELEPHONE |
800-235-8396 |
ON THE INTERNET |
VictoryFunds.com |
There may be limits on the ability to exchange between certain Victory Funds.
You can obtain a list of Victory Funds available for exchange by calling
800-235-8396 or by visiting VictoryFunds.com |
There are a number of convenient ways to sell your shares. |
BY TELEPHONE |
BY MAIL |
BY WIRE |
BY ACH |
Buying a dividend. You should check the Funds' distribution schedule before you invest.
If you buy shares of a Fund shortly before it makes a distribution,
some of your investment may come back to you as a taxable distribution. |
Your choice of distribution should be set up on the original Account Application.
If you would like to change the option you selected, please call 800-235-8396. |
The tax information in this Prospectus is provided as general information. You
should review the more detailed discussion of federal income tax considerations
in the SAI and consult your tax adviser regarding the federal, state, local, or
foreign tax consequences resulting from your investment in a Fund. |
|
Notary
Public |
SVP |
MSG |
Change of name |
x |
x |
x |
Add/change banking instructions |
|
x |
x |
Add/change beneficiaries |
x |
x |
x |
Add/change authorized account traders |
|
x |
x |
Adding a Power of Attorney |
x |
x |
x |
Add/change Trustee |
x |
x |
x |
Uniform Transfers to Minors Act/Uniform Gifts to Minors Act custodian
change |
x |
x |
x |
|
Member Class | |||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
11/3/20(a)
through
12/31/20 |
Net Asset Value, Beginning of Period |
$8.19 |
$9.33 |
$9.34 |
$9.02 |
Investment Activities: |
|
|
|
|
Net investment income (loss)(b) |
0.77 |
0.52 |
0.38 |
0.08 |
Net realized and unrealized gains (losses) |
(0.03) |
(1.15) |
(0.01) |
0.32 |
Total from Investment Activities |
0.74 |
(0.63) |
0.37 |
0.40 |
Distributions to Shareholders from: |
|
|
|
|
Net investment income |
(0.80) |
(0.51) |
(0.38) |
(0.08) |
Total Distributions |
(0.80) |
(0.51) |
(0.38) |
(0.08) |
Net Asset Value, End of Period |
$8.13 |
$8.19 |
$9.33 |
$9.34 |
Total Return(c),(d) |
9.47% |
(6.87)% |
4.04% |
4.41% |
Ratios to Average Net Assets: |
|
|
|
|
Net Expenses(e),(f) |
0.85% |
0.86%(g) |
0.85% |
0.85% |
Net Investment Income (Loss)(e) |
9.42% |
5.94% |
4.02% |
5.46% |
Gross Expenses(e),(f) |
1.27% |
1.36% |
3.64% |
56.41% |
Supplemental Data: |
|
|
|
|
Net Assets at end of period (000's) |
$4,045 |
$4,350 |
$2,122 |
$62 |
Portfolio Turnover(c),(h) |
36% |
35% |
35% |
54% |
|
Member Class | |||
|
Year
Ended
12/31/23 |
Year
Ended
12/31/22 |
Year
Ended
12/31/21 |
11/3/20(a)
through
12/31/20 |
Net Asset Value, Beginning of Period |
$9.07 |
$11.09 |
$10.84 |
$10.56 |
Investment Activities: |
|
|
|
|
Net investment income (loss)(b) |
0.38 |
0.38 |
0.34 |
0.12 |
Net realized and unrealized gains (losses) |
0.29 |
(1.96) |
0.31 |
0.31 |
Total from Investment Activities |
0.67 |
(1.58) |
0.65 |
0.43 |
Distributions to Shareholders from: |
|
|
|
|
Net investment income |
(0.41) |
(0.41) |
(0.40) |
(0.06) |
Net realized gains |
— |
(0.03) |
— |
(0.09) |
Total Distributions |
(0.41) |
(0.44) |
(0.40) |
(0.15) |
Net Asset Value, End of Period |
$9.33 |
$9.07 |
$11.09 |
$10.84 |
Total Return(c),(d) |
7.57% |
(14.35)% |
6.07% |
4.12% |
Ratios to Average Net Assets: |
|
|
|
|
Net Expenses(e),(f) |
0.65%(g) |
0.65% |
0.65% |
0.65% |
Net Investment Income (Loss)(e) |
4.22% |
3.93% |
3.04% |
6.78% |
Gross Expenses(e),(f) |
1.17%(g) |
1.33% |
2.61% |
42.32% |
Supplemental Data: |
|
|
|
|
Net Assets at end of period (000's) |
$3,140 |
$3,976 |
$2,853 |
$140 |
Portfolio Turnover(c),(h) |
11% |
23% |
19% |
74% |
FUND NAME |
CLASS
A |
CLASS
C |
CLASS
I |
CLASS
R |
CLASS
R6 |
CLASS
Y |
MEMBER
CLASS |
Global Natural Resources |
|
|
|
|
|
|
|
Victory Global Energy Transition Fund |
RSNRX |
RGNCX |
— |
— |
— |
RSNYX |
— |
|
|
|
|
|
|
|
|
RS Value |
|
|
|
|
|
|
|
Victory RS Partners Fund |
RSPFX |
— |
— |
RSPKX |
RPPRX |
RSPYX |
RSPMX |
Victory RS Value Fund |
RSVAX |
RVACX |
— |
— |
— |
RSVYX |
— |
Victory RS Large Cap Alpha Fund |
GPAFX |
RCOCX |
— |
— |
— |
RCEYX |
— |
Victory RS Investors Fund |
RSINX |
RIVCX |
— |
— |
— |
RSIYX |
— |
|
|
|
|
|
|
|
|
RS Growth |
|
|
|
|
|
|
|
Victory RS Small Cap Growth Fund |
RSEGX |
REGWX |
— |
— |
RSEJX |
RSYEX |
— |
Victory RS Select Growth Fund |
RSDGX |
RSGFX |
— |
— |
RSSRX |
RSSYX |
— |
Victory RS Mid Cap Growth Fund |
RSMOX |
RMOCX |
— |
— |
RMORX |
RMOYX |
RMOMX |
Victory RS Growth Fund |
RSGRX |
RGWCX |
— |
— |
— |
RGRYX |
— |
Victory RS Science and Technology Fund |
RSIFX |
RINCX |
— |
— |
— |
RIFYX |
— |
Victory RS Small Cap Equity Fund |
GPSCX |
RSCCX |
— |
— |
— |
RSCYX |
RSMMX |
|
|
|
|
|
|
|
|
RS International |
|
|
|
|
|
|
|
Victory RS International Fund |
GUBGX |
RIGCX |
— |
RIGKX |
RSIRX |
RSIGX |
— |
Victory RS Global Fund |
RSGGX |
RGGCX |
— |
RGGKX |
RGGRX |
RGGYX |
— |
|
|
|
|
|
|
|
|
Sophus |
|
|
|
|
|
|
|
Victory Sophus Emerging Markets Fund |
GBEMX |
REMGX |
— |
REMKX |
RSERX |
RSENX |
— |
|
|
|
|
|
|
|
|
Fixed Income |
|
|
|
|
|
|
|
Victory Low Duration Bond Fund
(formerly, Victory INCORE Low Duration
Bond Fund) |
RLDAX |
RLDCX |
— |
— |
— |
RSDYX |
— |
Victory High Yield Fund |
GUHYX |
RHYCX |
— |
RHYKX |
— |
RSYYX |
— |
Victory Tax-Exempt Fund |
GUTEX |
RETCX |
— |
— |
— |
RSTYX |
— |
Victory High Income Municipal Bond
Fund |
RSHMX |
RSHCX |
— |
— |
— |
RHMYX |
RHMMX |
Victory Floating Rate Fund |
RSFLX |
RSFCX |
— |
— |
— |
RSFYX |
RSFMX |
1 | |
1 | |
4 | |
29 | |
31 | |
34 | |
41 | |
66 | |
75 | |
81 | |
83 | |
83 | |
83 | |
88 | |
89 | |
98 | |
103 | |
111 |
Amount of
Purchase |
Initial Sales Charge:
% of Offering Price |
Concession to Dealers:
% of Offering Price |
Up to $49,999 |
5.75% |
5.00% |
$ 50,000 to $99,999 |
4.50% |
4.00% |
$ 100,000 to $249,999 |
3.50% |
3.00% |
$ 250,000 to $499,999 |
2.50% |
2.00% |
$ 500,000 to $999,999 |
2.00% |
1.75% |
$ 1,000,000 and above* |
0.00% |
** |
Your Investment in the Fund |
Initial Sales Charge:
% of Offering Price |
Concession to Dealers:
% of Offering Price |
Up to $99,999 |
2.25% |
2.00% |
$100,000 up to $249,999 |
1.75% |
1.50% |
$250,000 and above* |
0.00% |
** |
Name and
Date of Birth |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David Brooks
Adcock,
Born October
1951 |
Trustee |
May 2005 |
Consultant (since 2006) |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
None |
Nigel D.T.
Andrews,
Born April 1947 |
Trustee |
August 2002 |
Retired |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
Director,
Carlyle Secured
Lending, Inc.
(formerly TCG
BDC I, Inc.)
(since 2012);
Director,
Carlyle Credit
Solutions, Inc.
(formerly TCG
BDC II, Inc.)
(since 2017);
Trustee, Carlyle
Secured
Lending III
(since 2021) |
E. Lee Beard*,
Born August
1951 |
Trustee |
May 2005 |
Retired |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
None |
John L. Kelly,
Born April 1953 |
Chair and
Trustee |
February 2015 |
Managing Partner,
Active Capital
Partners LLC, a
strategic consultant
(since October 2017) |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
Director,
Caledonia
Mining
Corporation
(since May
2012) |
Name and
Date of Birth |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David L. Meyer,
Born April 1957 |
Trustee |
December 2008 |
Retired |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
None |
Gloria S.
Nelund,
Born May 1961 |
Trustee |
July 2016 |
Chair, CEO, and
Co-Founder of TriLinc
Global, LLC, an
investment firm |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
TriLinc Global
Impact Fund,
LLC (since
2012) |
Timothy Pettee,
Born April 1958 |
Trustee |
January 2023 |
Chief Investment
Officer, Hoya Capital
Real Estate LLC (since
February 2022); Chief
Investment Officer, Sun
America Asset
Management Corp.
(January 2003-July
2021) |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
None |
Leigh A. Wilson,
Born December
1944 |
Trustee |
November 1994 |
Private Investor |
70 portfolios comprised
of 37 portfolios in the
Trust, 27 portfolios in
Victory Portfolios II,
and 6 portfolios in
Victory Variable
Insurance Funds |
Chair
(2013-2024),
Caledonia
Mining
Corporation |
Name and
Date of Birth |
Position
Held with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Number of Portfolios
in Fund Complex
Overseen by Trustee |
Other
Directorships
Held During
the
Past 5 Years |
David C.
Brown**,
Born May 1972 |
Trustee |
May 2008 |
Chief Executive Officer
and Chairman
(2013-present), Victory
Capital
Management Inc.; Chief
Executive Officer and
Chairman
(2013-present), Victory
Capital Holdings, Inc.;
Director, Victory Capital
Services, Inc. (2013-
present); Director,
Victory Capital Transfer
Agency, Inc. (2019-
present) |
115 portfolios
comprised of 37
portfolios in the Trust,
27 portfolios in Victory
Portfolios II, 6
portfolios in Victory
Variable Insurance
Funds, and 45 portfolios
in Victory Portfolios III. |
Trustee, Victory
Portfolios III;
Board Member,
Victory Capital
Services, Inc. |
Name and
Date of Birth |
Position with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
James K. De Vries
Born April 1969 |
President |
May 2023 |
Head of Fund Administration (5/1/23-present);Vice
President, Victory Capital Transfer Agency, Inc.
(4/20/23-present); Executive Director, the Adviser
(7/1/19-4/30/23 present); Executive Director, Investment
and Financial Administration, USAA (2012-6/30/19);
Treasurer, USAA Mutual Funds Trust (2018-4/30/23).
Mr. De Vries also serves as the Principal Executive
Officer for the Funds, Victory Portfolios II, Victory
Portfolios III, and Victory Variable Insurance Funds. |
Scott A. Stahorsky,
Born July 1969 |
Vice President |
December 2014 |
Director, Third-Party Dealer Services & Reg
Administration, Fund Administration, the Adviser
(5/1/2023-present); Vice President, Victory Capital
Transfer Agency, Inc. (4/20/23-present); Manager, Fund
Administration, the Adviser (4/30/23- 2015). Mr.
Stahorsky also serves as Vice President of Victory
Portfolios II, Victory Portfolios III, and Victory Variable
Insurance Funds. |
Thomas
Dusenberry,
Born July 1977 |
Secretary |
May 2022 |
Director, Fund Administration, the Adviser; Treasurer
and Principal Financial Officer (May 2023-present);
Manager, Fund Administration, the Adviser; Treasurer
and Principal Financial Officer (2020-2022), Assistant
Treasurer (2019), Salient MF Trust, Salient Midstream,
MLP Fund and Forward Funds; Principal Financial
Officer (2018-2021) and Treasurer (2020-2021), Salient
Private Access Funds and Endowment PMF Funds;
Senior Vice President of Fund Accounting and
Operations, Salient Partners (2020-2022); Director of
Fund Operations, Salient Partners (2016-2019). Mr.
Dusenberry also serves as Secretary of Victory
Portfolios II, Victory Portfolios III, and Victory Variable
Insurance Funds. |
Allan Shaer,
Born March 1965 |
Treasurer |
May 2017 |
Senior Vice President, Financial Administration, Citi
Fund Services Ohio, Inc. (since 2016); Vice President,
Mutual Fund Administration, JP Morgan Chase
(2011-2016). Mr. Shaer also serves as Treasurer of
Victory Portfolios II, Victory Portfolios III, and Victory
Variable Insurance Funds. |
Christopher Ponte,
Born March 1984 |
Assistant
Treasurer |
December 2017 |
Director, Fund and Broker Dealer Finance, Fund
Administration, (5/1/23-present); Victory Capital
Transfer Agency, Inc. (May 2023-present); Manager,
Fund Administration, the Adviser (2017-2023); Chief
Financial Officer, Victory Capital Services, Inc. (since
2018). Mr. Ponte also serves as Assistant Treasurer of
Victory Portfolios II, Victory Portfolios III, and Victory
Variable Insurance Funds. |
Carol D. Trevino
Born October 1965 |
Assistant
Treasurer |
February 2023 |
Director, Financial Reporting, Fund Administration
(5/1/23-present); Director, Accounting and Finance, the
Adviser (7/1/19-4/30/23); Accounting/ Financial
Director, USAA (12/13-6/30/19). Ms. Trevino also
serves as Assistant Treasurer of Victory Portfolios II,
Victory Portfolios III, and Victory Variable Insurance
Funds. |
Name and
Date of Birth |
Position with
the Trust |
Date
Commenced
Service |
Principal Occupation
During Past 5 Years |
Sean Fox,
Born September
1976 |
Chief
Compliance
Officer |
June 2022 |
Sr. Compliance Officer, the Adviser (2019-Present);
Compliance Officer, the Adviser (2015-2019). Mr. Fox
also serves as Chief Compliance Officer for Victory
Portfolios II, Victory Portfolios III, and Victory Variable
Insurance Funds. |
Michael Bryan,
Born December
1962 |
Anti-Money
Laundering
Compliance
Officer and
Identity Theft
Officer |
May 2023 |
Vice President, CCO Compliance Support Services, Citi
Fund Services Ohio, Inc. (2008-present). Mr. Bryan
also serves as the Anti-Money Laundering Compliance
Officer and Identity Theft Officer for Victory Portfolios
II, Victory Portfolios III, and Victory Variable Insurance
Funds. |
Jay G. Baris,
Born January 1954 |
Assistant
Secretary |
December 1997 |
Partner, Sidley Austin LLP (since 2020); Partner,
Shearman & Sterling LLP (2018-2020). |
Trustee |
Dollar Range of Beneficial Ownership of Fund
Shares |
Aggregate Dollar Range of Ownership
of Shares of All Series
of the Victory Fund Complex |
Mr. Adcock |
Victory RS Science and Technology Fund: Over $100,000 |
Over $100,000 |
Mr. Andrews |
Victory Floating Rate Fund: Over $100,000 |
Over $100,000 |
Ms. Beard |
Victory Floating Rate Fund: $50,001 - $100,000 Victory
Low Duration Bond Fund: $10,001 - $50,000 |
Over $100,000 |
Mr. Kelly |
Victory RS Small Cap Growth Fund: $10,001 - $50,000 |
Over $100,000 |
Mr. Meyer |
Victory RS International Fund: $10,001 - $50,000Victory
RS Science and Technology Fund: $10,001 - $50,000 |
Over $100,000 |
Ms. Nelund |
Victory RS Science and Technology Fund: Over $100,000 |
Over $100,000 |
Mr. Pettee |
None |
None |
Mr. Wilson |
None |
None |
Trustee |
Dollar Range of Beneficial Ownership of Fund
Shares |
Aggregate Dollar Range of Ownership
of Shares of All Series
of the Victory Fund Complex |
Mr. Brown* |
Victory Floating Rate Fund: Over $100,000
Victory RS Global Fund: Over $100,000
Victory RS Growth Fund: Over $100,000
Victory RS Small Cap Growth Fund: Over $100,000 |
Over $100,000 |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock |
$37,534 |
$344,000 |
Mr. Andrews* |
$40,496 |
$344,000 |
Ms. Beard |
$37,534 |
$344,000 |
Mr. Kelly |
$58,154 |
$494,000 |
Mr. Meyer |
$40,496 |
$344,000 |
Ms. Nelund |
$40,496 |
$344,000 |
Mr. Pettee |
$40,496 |
$344,000 |
Mr. Wilson |
$40,496 |
$344,000 |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Brown* |
None |
None |
Trustee |
Aggregate Compensation
from the Funds |
Total Compensation from the
Victory Fund Complex |
Mr. Adcock* |
$3,113 |
$51,600 |
Ms. Beard** |
$3,113 |
$51,600 |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY FLOATING RATE FUND CL A |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
21.08% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
15.14% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
13.59% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
11.91% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
7.48% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.38% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
5.23% |
VICTORY FLOATING RATE FUND CL C |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
32.66% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
19.33% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
14.82% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
9.38% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
8.03% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
5.86% |
VICTORY FLOATING RATE FUND CL R |
ASCENSUS TRUST COMPANY FBO
INTEGRATED DESIGN CONSULTANTS LLC 4
753575
P O BOX 10758
FARGO ND 58106 |
60.94% |
|
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
36.72% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY FLOATING RATE FUND CL Y |
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
27.83% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
16.44% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
9.55% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
9.25% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
9.24% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
5.58% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
5.41% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
5.17% |
VICTORY FLOATING RATE FUND MEMBER
CLASS |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
99.45% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL A |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
24.88% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
24.34% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
6.12% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL A |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.02% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.02% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL C |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
44.59% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
37.18% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.60% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
40.77% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
32.06% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
6.96% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
5.19% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL R |
ASCENSUS TRUST COMPANY FBO
JAMARI INTERNATIONAL LTD 401 K PR
691423
P O BOX 10758
FARGO ND 581060758 |
25.24% |
|
PARIMAL B MODY
64 AVENUE ALPHAND
SAINTMANDE FRANCE 94160 |
25.02% |
|
MATRIX TRUST COMPANY CUST FBO
W A INC 401 K PROFIT SHARING PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
20.73% |
|
DELAWARE CHARTER GTY TRUST
SUSAN CARLISLE PSP
830 ANNIE LANG DR
MILFORD MI 483814713 |
12.99% |
|
PRINCIPAL SECURITIES, INC.
C/O PEN TRADE OPS N-004
PO BOX 14597
DES MOINES IA 50306 |
6.09% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.03% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
27.95% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
25.14% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
10.82% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
10.31% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
9.81% |
VICTORY GLOBAL ENERGY TRANSITION FD
CL Y |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
35.32% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
13.03% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.35% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
10.08% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
9.86% |
VICTORY HIGH INCOME MUNI BOND
MEMBER CL |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
99.36% |
VICTORY HIGH INCOME MUNI BOND
MEMBER CL |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
99.53% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL A |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
30.99% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
26.10% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
10.50% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
6.46% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
5.38% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL A |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
29.21% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
21.14% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
13.21% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
8.16% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
6.87% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.94% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL C |
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
32.29% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
26.78% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
18.05% |
|
EDWARD D. JONES & CO., L.P.
12555 MANCHESTER ROAD
SAINT LOUIS MO 631313729 |
5.51% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL C |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
20.99% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
20.83% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
18.04% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
12.48% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
10.08% |
|
EDWARD D. JONES & CO., L.P.
12555 MANCHESTER ROAD
SAINT LOUIS MO 631313729 |
7.51% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
5.06% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL Y |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
33.01% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
25.75% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
21.47% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
7.13% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
6.15% |
VICTORY HIGH INCOME MUNICIPAL BOND
CL Y |
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
29.87% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
26.59% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
20.44% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
7.12% |
VICTORY HIGH YIELD FUND CL A |
GUARDIAN LIFE INSURANCE
COMPANY OF AMERICA
INVESTMENT ACCTING
7 HANOVER SQ H 17 B
ATTN RON PICIULLO
NEW YORK NY 100044025 |
24.29% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
14.27% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
12.66% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
12.09% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
6.54% |
VICTORY HIGH YIELD FUND CL C |
GUARDIAN LIFE INSURANCE
COMPANY OF AMERICA
INVESTMENT ACCTING
7 HANOVER SQ H 17 B
ATTN RON PICIULLO
NEW YORK NY 100044025 |
50.99% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
21.99% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
8.34% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
6.93% |
VICTORY HIGH YIELD FUND CL R |
GUARDIAN LIFE INSURANCE
COMPANY OF AMERICA
INVESTMENT ACCTING
7 HANOVER SQ H 17 B
ATTN RON PICIULLO
NEW YORK NY 100044025 |
87.48% |
|
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
7.04% |
VICTORY HIGH YIELD FUND CL Y |
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
41.03% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
18.21% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.92% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
9.14% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.39% |
VICTORY LOW DURATION BOND FUND CL A |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
15.45% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
13.16% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
12.00% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
11.42% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
9.43% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
5.05% |
VICTORY LOW DURATION BOND FUND CL C |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
40.91% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.30% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
9.37% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
8.10% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
7.40% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
6.48% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
5.96% |
|
RBC CAPITAL MARKETS LLC
60 SOUTH SIX STREET P08
MINNEAPOLIS MN 554024400 |
5.45% |
VICTORY LOW DURATION BOND FUND CL Y |
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
24.46% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
16.85% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
12.59% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
8.75% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
7.51% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
7.38% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
6.62% |
VICTORY RS GLOBAL FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
39.92% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
22.14% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
SECURITY BENEFIT LIFE INSURANCE
COMPANY
SECURITY FINANCIAL RESOURCES
ONE SECURITY BENEFIT PLACE
TOPEKA KS 666360001 |
15.11% |
VICTORY RS GLOBAL FUND CL C |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
58.31% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
22.02% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
12.19% |
|
STIFEL, NICOLAUS & COMPANY,
INCORPORATED
501 NORTH BROADWAY
SAINT LOUIS MO 63102 |
5.21% |
VICTORY RS GLOBAL FUND CL R |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
43.47% |
|
MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST INC
CAPITAL SOLUTIONS OF BIG BEND 401 K
717 17TH STREET SUITE 1300
PLAN
DENVER CO 80202 |
16.83% |
|
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
11.44% |
|
MID ATLANTIC TRUST COMPANY FBO
ALLIANCE REPROGRAPHICS LLC PROFIT S
1251 WATERFRONT PLACE SUITE 525
PITTSBURGH PA 15222 |
7.22% |
|
ASCENSUS TRUST COMPANY FBO
INTEGRATED DESIGN CONSULTANTS LLC 4
753575
P O BOX 10758
FARGO ND 58106 |
5.85% |
VICTORY RS GLOBAL FUND CL R6 |
TIAA TRUST N A AS CUST TTEE
OF RETIREMENT PLANS
RECORDKEPT BY TIAA
8500 ANDREW CARNEGIE BLVD
ATTN FUND OPERATIONS
CHARLOTTE NC 282628500 |
51.56% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
14.11% |
|
EMPOWER TRUST FBO
PLANS OF EMPOWER
8515 E ORCHARD RD 2T2
GREENWOOD VILLAGE CO 80111 |
7.31% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
MITRA CO FBO Y7
C O RELIANCE TRUST COMPANY WI
MAILCODE BD1N ATTN MF
4900 W BROWN DEER ROAD
MILWAUKEE WI 53223 |
6.12% |
VICTORY RS GLOBAL FUND CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
36.56% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
19.99% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
15.81% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
9.55% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
5.15% |
VICTORY RS GROWTH FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
17.86% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.54% |
VICTORY RS GROWTH FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
16.43% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.68% |
VICTORY RS GROWTH FUND CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
35.59% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
27.45% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
16.96% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
12.67% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
6.93% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY RS GROWTH FUND CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
41.67% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
23.36% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
11.60% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
9.33% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
7.55% |
VICTORY RS GROWTH FUND CL R |
MATRIX TRUST COMPANY CUST FBO
W A INC 401 K PROFIT SHARING PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
88.28% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.72% |
VICTORY RS GROWTH FUND CL Y |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
21.93% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
14.15% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
10.42% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
8.56% |
|
GWENDOLYN H CLEMENS LIVING TRUST
GWENDOLYN CLEMENS
JOHN CLEMENS
UAD 4 16 09
707 INDIAN CAMP CREEK RD
HOT SPRINGS NC 287437290 |
8.19% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
7.76% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
5.57% |
VICTORY RS GROWTH FUND CL Y |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
17.56% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
11.84% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
11.36% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.38% |
|
GWENDOLYN H CLEMENS LIVING TRUST
GWENDOLYN CLEMENS
JOHN CLEMENS
UAD 4 16 09
707 INDIAN CAMP CREEK RD
HOT SPRINGS NC 287437290 |
8.00% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
6.95% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.97% |
VICTORY RS INTERNATIONAL FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
12.82% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.65% |
|
MATRIX TRUST COMPANY AS AGENT FOR
ADVISOR TRUST INC
CAPITAL SOLUTIONS OF BIG BEND 401 K
717 17TH STREET SUITE 1300
PLAN
DENVER CO 80202 |
10.92% |
|
AMERITAS LIFE INSURANCE CORP.
5900 'O' STREET
LINCOLN NE 68510 |
10.37% |
|
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
5.83% |
VICTORY RS INTERNATIONAL FUND CL C |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
89.39% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
7.00% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY RS INTERNATIONAL FUND CL R |
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
75.39% |
|
MATRIX TRUST COMPANY AS AGENT FOR
NEWPORT TRUST COMPANY
CPAP 401 K PLAN
SUITE 300
35 IRON POINT CIRCLE
FOLSOM CA 95630 |
19.83% |
VICTORY RS INTERNATIONAL FUND CL R6 |
GERLACH CO LLC CITIBANK OPEN WE1
3800 CITIGROUP CENTER
BUILDING B3-14
TAMPA FL 33610 |
94.79% |
VICTORY RS INTERNATIONAL FUND CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
29.71% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
20.84% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
10.28% |
|
EMPOWER TRUST FBO
PLANS OF EMPOWER
8515 E ORCHARD RD 2T2
GREENWOOD VILLAGE CO 80111 |
9.08% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
7.51% |
|
PRINCIPAL SECURITIES, INC.
C/O PEN TRADE OPS N-004
PO BOX 14597
DES MOINES IA 50306 |
6.29% |
|
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
5.03% |
VICTORY RS INVESTORS FUND CL A |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
13.71% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
8.04% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
7.20% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
6.07% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
GARY M SWEARINGEN AND
CAROL A SWEARINGEN
GARY M AND CAROL ANN SWEARINGEN
REV
TRUST UA DTD 02 08 1982
5901 WYOMING BLVD NE J328
ALBUQUERQUE NM 871093838 |
5.08% |
VICTORY RS INVESTORS FUND CL C |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
79.94% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
10.17% |
VICTORY RS INVESTORS FUND CL Y |
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
35.98% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
29.96% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
11.50% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
5.05% |
VICTORY RS LARGE CAP ALPHA FUND CL A |
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
9.08% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
5.41% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
25.65% |
VICTORY RS LARGE CAP ALPHA FUND CL C |
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
19.98% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
14.57% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
14.00% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
11.40% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
6.02% |
VICTORY RS LARGE CAP ALPHA FUND CL Y |
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
21.35% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
12.84% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
12.76% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
10.40% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
9.41% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
6.84% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
6.74% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
6.05% |
VICTORY RS MID CAP GROWTH FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
20.04% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
13.96% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.30% |
VICTORY RS MID CAP GROWTH FUND CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
30.26% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
22.01% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
17.72% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
11.69% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
6.41% |
VICTORY RS MID CAP GROWTH FUND CL R6 |
RELIANCE TRUST CO FBO
COMERICA NON-EB C C
PO BOX 570788
ATLANTA GA 30357 |
92.52% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY RS MID CAP GROWTH FUND CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
17.90% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
12.32% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
10.19% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
9.97% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
7.98% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
7.00% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
6.18% |
|
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
6.11% |
VICTORY RS MID CAP GROWTH FUND
MEMBER CLASS |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
98.10% |
VICTORY RS PARTNERS FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
22.11% |
|
SECURITY BENEFIT LIFE INSURANCE
COMPANY
SECURITY FINANCIAL RESOURCES
ONE SECURITY BENEFIT PLACE
TOPEKA KS 666360001 |
18.22% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
16.82% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
9.69% |
VICTORY RS PARTNERS FUND CL R |
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
29.38% |
|
FIIOC
ENGINEERED SYSTEMS INC 401K PLAN
100 MAGELLAN WAY KW1C
COVINGTON KY 410151987 |
28.51% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
13.50% |
|
MID ATLANTIC TRUST COMPANY FBO
ALLIANCE REPROGRAPHICS LLC PROFIT S
1251 WATERFRONT PLACE SUITE 525
PITTSBURGH PA 15222 |
11.38% |
|
ASCENSUS TRUST COMPANY FBO
INTEGRATED DESIGN CONSULTANTS LLC 4
753575
P O BOX 10758
FARGO ND 58106 |
8.42% |
VICTORY RS PARTNERS FUND CL R6 |
EMPOWER TRUST FBO
PLANS OF EMPOWER
8515 E ORCHARD RD 2T2
GREENWOOD VILLAGE CO 80111 |
94.56% |
VICTORY RS PARTNERS FUND CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
30.42% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
26.85% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.08% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
9.78% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
7.10% |
VICTORY RS PARTNERS FUND MEMBER
CLASS |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
100.00% |
VICTORY RS SCIENCE AND TECHNOLOGY
FUND CL A |
SECURITY BENEFIT LIFE INSURANCE
COMPANY
SECURITY FINANCIAL RESOURCES
ONE SECURITY BENEFIT PLACE
TOPEKA KS 666360001 |
20.21% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
15.95% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.77% |
VICTORY RS SCIENCE AND TECHNOLOGY
FUND CL C |
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
41.09% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
20.45% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
12.12% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
7.68% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
5.46% |
VICTORY RS SCIENCE AND TECHNOLOGY
FUND CL Y |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
29.26% |
|
NATIONWIDE INVESTMENT SERVICES CORP.
CO IPO PORTFOLIO ACCOUNTING
PO BOX 182029
COLUMBUS OH 432182029 |
11.04% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
10.09% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
7.23% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
6.95% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
6.64% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
5.12% |
VICTORY RS SELECT GROWTH FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
24.93% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
11.46% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
6.02% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.92% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
5.76% |
VICTORY RS SELECT GROWTH FUND CL C |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
43.50% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
15.81% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
12.85% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
6.34% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
5.81% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
5.31% |
VICTORY RS SELECT GROWTH FUND CL R6 |
MERRILL LYNCH, PIERCE, FENNER & SMITH
ATTN: COMPENSATION TEAM
4800 DEER LAKE DR E FL 2
JACKSONVILLE FL 322466484 |
48.37% |
|
ASSOCIATED TRUST COMPANY FBO
NASH SPINDLER 401K - R MCCRACKEN
PO BOX 22037
GREEN BAY WI 54305 |
26.61% |
|
VICTORY CAPITAL MANAGEMENT INC
C/O CATHY SAVVAS CONTROLLER
4900 TIEDEMAN ROAD 4TH FLOOR
BROOKLYN OH 44144 |
23.39% |
VICTORY RS SELECT GROWTH FUND CL Y |
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
17.87% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
13.20% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
13.11% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
12.33% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
10.67% |
|
JAMES L CALLINAN
IRA
1875 WILLOW RD
HILLSBOROUGH CA 940106356 |
7.17% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
6.21% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
VICTORY RS SMALL CAP EQUITY FUND CL
A |
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
12.58% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
5.34% |
|
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
5.12% |
|
GARY M SWEARINGEN AND
CAROL A SWEARINGEN
GARY M AND CAROL ANN SWEARINGEN
REV
TRUST UA DTD 02 08 1982
5901 WYOMING BLVD NE J328
ALBUQUERQUE NM 871093838 |
5.07% |
VICTORY RS SMALL CAP EQUITY FUND CL
C |
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
82.42% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
15.95% |
VICTORY RS SMALL CAP EQUITY FUND CL
Y |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
45.41% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
38.05% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
9.92% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
6.31% |
VICTORY RS SMALL CAP EQUITY FUND
MEMBER CLASS |
VICTORY CAPITAL TRANSFER AGENCY INC
15935 LA CANTERA PARKWAY BLDG TWO
SAN ANTONIO TX 78256 |
98.96% |
VICTORY RS SMALL CAP GROWTH FUND CL
A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
22.15% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
15.67% |
VICTORY RS SMALL CAP GROWTH FUND CL
C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
31.60% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
26.24% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
16.26% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
9.23% |
VICTORY RS SMALL CAP GROWTH FUND CL
R6 |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
37.75% |
|
EDWARD D. JONES & CO., L.P.
12555 MANCHESTER ROAD
SAINT LOUIS MO 631313729 |
18.96% |
|
MID ATLANTIC TRUST COMPANY FBO
ALLIANCE REPROGRAPHICS LLC PROFIT S
1251 WATERFRONT PLACE SUITE 525
PITTSBURGH PA 15222 |
13.79% |
|
PRINCIPAL SECURITIES, INC.
C/O PEN TRADE OPS N-004
PO BOX 14597
DES MOINES IA 50306 |
5.50% |
VICTORY RS SMALL CAP GROWTH FUND CL
Y |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
22.31% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
17.54% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
12.34% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
8.88% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
7.97% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
5.83% |
VICTORY RS VALUE FUND CL A |
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
17.96% |
|
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
10.70% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
10.61% |
|
SECURITY BENEFIT LIFE INSURANCE
COMPANY
SECURITY FINANCIAL RESOURCES
ONE SECURITY BENEFIT PLACE
TOPEKA KS 666360001 |
6.96% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
6.92% |
VICTORY RS VALUE FUND CL C |
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
19.01% |
|
RBC CAPITAL MARKETS LLC
60 SOUTH SIX STREET P08
MINNEAPOLIS MN 554024400 |
16.97% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
14.15% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
11.91% |
|
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
10.31% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
10.21% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
6.28% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
5.15% |
VICTORY RS VALUE FUND CL Y |
RBC CAPITAL MARKETS LLC
60 SOUTH SIX STREET P08
MINNEAPOLIS MN 554024400 |
28.02% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
19.37% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
16.83% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
6.84% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
6.44% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
5.72% |
VICTORY SOPHUS EMERGING MARKETS
FUND CL A |
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
35.43% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
11.67% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
5.64% |
|
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
5.42% |
VICTORY SOPHUS EMERGING MARKETS
FUND CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
37.60% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
20.01% |
|
AMERIPRISE FINANCIAL SERVICES, INC.
5221 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS MN 55474 |
9.70% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
8.22% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
8.08% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
6.09% |
VICTORY SOPHUS EMERGING MARKETS
FUND CL R |
STATE STREET BANK AND TRUST AS
TRUSTEE
AND/OR CUSTODIAN FBO ADP ACCESS
PRODUCT
1 LINCOLN STREET
BOSTON MA 02110 |
84.45% |
|
MATRIX TRUST COMPANY CUST FBO
RONDON LAW GROUP LLC 401 K PLAN
717 17TH STREET
SUITE 1300
DENVER CO 80202 |
12.80% |
VICTORY SOPHUS EMERGING MARKETS
FUND CL R6 |
GERLACH CO LLC CITIBANK OPEN WE1
3800 CITIGROUP CENTER
BUILDING B3-14
TAMPA FL 33610 |
25.20% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
24.75% |
|
LINCOLN RETIREMENT SERVICES CO
FBO GEORGIA SCHOOL BOARD
PO BOX 7876
FORT WAYNE IN 468017876 |
16.92% |
|
SEI PRIVATE TRUST COMPANY
C O REGIONS BANK
ONE FREEDOM VALLEY DRIVE
OAKS PA 19456 |
14.39% |
VICTORY SOPHUS EMERGING MARKETS
FUND CL Y |
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
45.42% |
|
NATIONAL FINANCIAL SERVICES LLC
NEWPORT OFFICE CENTER III 5TH FLOOR
499 WASHINGTON BOULEVARD
JERSEY CITY NJ 07310 |
20.23% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
13.68% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.68% |
VICTORY TAX-EXEMPT FUND CL A |
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
27.76% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
18.25% |
|
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
8.79% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
7.97% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
6.53% |
|
MORGAN STANLEY SMITH BARNEY LLC
2000 WESTCHESTER AVE LD
PURCHASE NY 105772530 |
5.83% |
VICTORY TAX-EXEMPT FUND CL C |
WELLS FARGO CLEARING SERVICES, LLC.
ATTN: DEBBIE BELL MAILCODE: MO3970
1 NORTH JEFFERSON AVENUE
ST. LOUIS MO 63103 |
32.44% |
|
PERSHING LLC
ONE PERSHING PLAZA
PRODUCT SUPPORT, 14TH FLOOR
JERSEY CITY NJ 07399 |
19.49% |
Fund - Class |
Name and Address of Owner |
Percentage
Owned of
Record |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
13.56% |
|
CHARLES SCHWAB & CO., INC.
211 MAIN STREET
SAN FRANCISCO CA 94105 |
11.09% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
8.86% |
|
JOANNE E WELCH
TOD
4043 N 64TH ST
LINCOLN NE 685071301 |
6.45% |
VICTORY TAX-EXEMPT FUND CL Y |
RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY
ST PETERSBURG FL 337332749 |
51.84% |
|
LPL FINANCIAL CORPORATION
75 STATE STREET, 24TH FLOOR
BOSTON MA 02109 |
16.29% |
|
UBS FINANCIAL SERVICES INC.
C/O CENTRAL DEPOSIT/MUTUAL FUNDS
1000 HARBOR BLVD 7TH FL
A/C YY011410610
WEEHAWKEN NJ 070866727 |
14.93% |
Fund |
Advisory Fee |
Victory Global Energy
Transition Fund |
1.00% |
Victory RS Partners Fund |
0.83% |
Victory RS Value Fund |
0.85% |
Victory RS Large Cap Alpha
Fund |
0.50% |
Victory RS Investors Fund |
1.00% |
Victory RS Small Cap Growth
Fund |
0.95% on the first $1 billion, 0.825% on the next $1 billion, and 0.75% on assets in
excess of $2 billion |
Fund |
Advisory Fee |
Victory RS Select Growth Fund |
1.00% |
Victory RS Mid Cap Growth
Fund |
0.85% |
Victory RS Growth Fund |
0.75% |
Victory RS Science and
Technology Fund |
1.00% |
Victory RS Small Cap Equity
Fund |
0.75% |
Victory RS International Fund |
0.80% |
Victory RS Global Fund |
0.60% |
Victory Sophus Emerging
Markets Fund |
1.00% |
Fund |
Advisory Fee |
Victory Low Duration Bond
Fund |
0.45% |
Victory High Yield Fund |
0.60% |
Victory Tax-Exempt Fund |
0.50% |
Victory High Income Municipal
Bond Fund |
0.50% |
Victory Floating Rate Fund |
0.65% |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$3,922,242 |
$3,980,795 |
$2,591,991 |
Victory RS Partners Fund |
$3,599,936 |
$3,655,409 |
$3,756,423 |
Victory RS Value Fund |
$2,395,512 |
$2,595,474 |
$2,839,080 |
Victory RS Large Cap Alpha Fund |
$2,332,121 |
$2,469,739 |
$2,576,693 |
Fund |
2023 |
2022 |
2021 |
Victory RS Investors Fund |
$416,071 |
$350,994 |
$305,703 |
Victory RS Small Cap Growth Fund |
$5,883,200 |
$11,799,287 |
$26,368,972 |
Victory RS Select Growth Fund |
$1,003,471 |
$1,362,946 |
$2,295,937 |
Victory RS Mid Cap Growth Fund |
$683,215 |
$1,809,982 |
$4,273,520 |
Victory RS Growth Fund |
$1,851,797 |
$1,928,561 |
$2,450,574 |
Victory RS Science and Technology Fund |
$1,688,263 |
$2,122,684 |
$4,233,027 |
Victory RS Small Cap Equity Fund |
$273,684 |
$346,139 |
$594,969 |
Victory RS International Fund |
$2,747,797 |
$2,849,766 |
$3,315,345 |
Victory RS Global Fund |
$3,166,080 |
$2,222,080 |
$1,993,966 |
Victory Sophus Emerging Markets Fund |
$3,995,086 |
$4,447,354 |
$5,317,327 |
Victory Low Duration Bond Fund |
$745,824 |
$900,066 |
$1,043,788 |
Victory High Yield Fund |
$1,284,584 |
$1,768,493 |
$1,772,507 |
Victory Tax-Exempt Fund |
$187,227 |
$237,287 |
$263,469 |
Victory High Income Municipal Bond Fund |
$190,382 |
$227,544 |
$247,283 |
Victory Floating Rate Fund |
$6,886,151 |
$12,839,028 |
$10,560,819 |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$1,438,313 |
$1,527,771 |
$967,096 |
Victory High Yield Fund |
$535,238 |
$736,871 |
$554,485 |
Victory Floating Rate Fund |
$2,648,491 |
$4,938,095 |
$3,276,356 |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$276,677 |
$189,737 |
$186,151 |
Victory RS Partners Fund |
$349,690 |
$263,864 |
$229,651 |
Victory RS Value Fund |
$101,013 |
$59,177 |
$70,218 |
Victory RS Large Cap Alpha Fund |
$189,056 |
$167,620 |
$211,774 |
Victory RS Investors Fund |
$151,084 |
$122,672 |
$90,433 |
Victory RS Small Cap Growth Fund |
$240,591 |
$392,843 |
$315,198 |
Victory RS Select Growth Fund |
$171,324 |
$170,568 |
$180,839 |
Victory RS Mid Cap Growth Fund |
$213,101 |
$404,134 |
$678,326 |
Victory RS Growth Fund |
$237,847 |
$237,938 |
$240,370 |
Victory RS Science and Technology Fund |
$34,914 |
$38,832 |
$- |
Victory RS Small Cap Equity Fund |
$53,849 |
$45,282 |
$42,087 |
Victory RS International Fund |
$433,125 |
$438,795 |
$478,133 |
Victory RS Global Fund |
$1,224,514 |
$899,922 |
$1,055,677 |
Victory Sophus Emerging Markets Fund |
$1,374,685 |
$1,401,240 |
$1,536,446 |
Fund |
2023 |
2022 |
2021 |
Victory Low Duration Bond Fund |
$147,745 |
$148,134 |
$175,522 |
Victory High Yield Fund |
$236,916 |
$261,892 |
$221,331 |
Victory Tax-Exempt Fund |
$125,354 |
$125,945 |
$131,110 |
Victory High Income Municipal Bond Fund |
$139,280 |
$142,621 |
$156,099 |
Victory Floating Rate Fund |
$920,659 |
$1,383,846 |
$1,454,748 |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund Class A |
$143 |
$ - |
$ - |
Victory Global Energy Transition Fund Class Y |
$298 |
$ - |
$ - |
Victory RS Partners Class A |
$2,861 |
$ - |
$ - |
Victory RS Value Fund Class A |
$1,183 |
$ - |
$ - |
Victory RS Value Fund Class Y |
$1,337 |
$4,293 |
$ - |
Victory RS Large Cap Alpha Class Y |
$ - |
$430 |
$ - |
Victory RS Small Cap Growth Class A |
$5,446 |
$31,880 |
$ - |
Victory RS Small Cap Growth Class Y |
$10,066 |
$112,825 |
$ - |
Victory RS Growth Fund - Class C |
$ - |
$93 |
$ - |
Victory RS Science and Technology Fund - Class A |
$1,544 |
$6,841 |
$ - |
Victory RS Science and Technology Fund - Class C |
$ - |
$254 |
$ - |
Victory RS Science and Technology Fund - Class Y |
$158 |
$6,148 |
$ - |
Victory RS Small Cap Equity Fund - Class A |
$97 |
$ - |
$ - |
Victory RS Small Cap Equity Fund - Class Y |
$ - |
$227 |
$ - |
Victory Low Duration Bond Fund - Class Y |
$652 |
$3,148 |
$ - |
Victory Floating Rate Fund - Class C |
$226 |
$ - |
$ - |
Victory Floating Rate Fund - Class Y |
$1,382 |
$15,514 |
$ - |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$3,639 |
$3,123 |
$1,634 |
Victory RS Partners Fund |
$3,624 |
$2,939 |
$2,705 |
Victory RS Value Fund |
$2,598 |
$2,456 |
$2,421 |
Victory RS Large Cap Alpha Fund |
$4,266 |
$3,970 |
$3,735 |
Victory RS Investors Fund |
$384 |
$276 |
$221 |
Victory RS Small Cap Growth Fund |
$5,913 |
$10,661 |
$20,543 |
Victory RS Select Growth Fund |
$937 |
$1,136 |
$1,689 |
Victory RS Mid Cap Growth Fund |
$758 |
$1,861 |
$3,803 |
Victory RS Growth Fund |
$2,227 |
$2,111 |
$2,361 |
Victory RS Science and Technology Fund |
$1,552 |
$1,790 |
$3,118 |
Victory RS Small Cap Equity Fund |
$341 |
$384 |
$585 |
Victory RS International Fund |
$3,127 |
$2,884 |
$2,984 |
Victory RS Global Fund |
$4,603 |
$2,938 |
$1,931 |
Victory Sophus Emerging Markets Fund |
$3,658 |
$3,610 |
$3,840 |
Victory Low Duration Bond Fund |
$1,544 |
$1,610 |
$1,742 |
Fund |
2023 |
2022 |
2021 |
Victory High Yield Fund |
$2,004 |
$2,388 |
$2,098 |
Victory Tax-Exempt Fund |
$347 |
$385 |
$394 |
Victory High Income Municipal Bond Fund |
$350 |
$371 |
$356 |
Victory Floating Rate Fund |
$10,119 |
$16,063 |
$10,817 |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$216,963 |
$216,832 |
$142,658 |
Victory RS Partners Fund |
$222,001 |
$199,060 |
$207,177 |
Victory RS Value Fund |
$155,939 |
$166,264 |
$184,262 |
Victory RS Large Cap Alpha Fund |
$258,134 |
$268,951 |
$284,251 |
Victory RS Investors Fund |
$23,017 |
$19,141 |
$16,862 |
Victory RS Small Cap Growth Fund |
$342,496 |
$675,148 |
$1,534,205 |
Fund |
2023 |
2022 |
2021 |
Victory RS Select Growth Fund |
$55,516 |
$74,157 |
$126,802 |
Victory RS Mid Cap Growth Fund |
$44,471 |
$115,733 |
$278,270 |
Victory RS Growth Fund |
$136,694 |
$139,941 |
$180,186 |
Victory RS Science and Technology Fund |
$93,424 |
$115,473 |
$233,984 |
Victory RS Small Cap Equity Fund |
$20,185 |
$25,117 |
$43,842 |
Victory RS International Fund |
$190,093 |
$193,896 |
$228,496 |
Victory RS Global Fund |
$292,349 |
$201,748 |
$151,952 |
Victory Sophus Emerging Markets Fund |
$221,049 |
$242,087 |
$293,367 |
Victory Low Duration Bond Fund |
$91,666 |
$108,904 |
$128,205 |
Victory High Yield Fund |
$118,419 |
$160,393 |
$162,693 |
Victory Tax-Exempt Fund |
$20,720 |
$25,839 |
$29,080 |
Victory High Income Municipal Bond Fund |
$21,066 |
$24,773 |
$27,267 |
Victory Floating Rate Fund |
$585,833 |
$1,074,286 |
$891,563 |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate
(paid to
borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
Victory Global Energy
Transition Fund |
$812,742 |
$62,513 |
$188,574 |
$251,087 |
$561,655 |
Victory RS Partners
Fund |
$125,582 |
$5,896 |
$66,805 |
$72,701 |
$52,881 |
Victory RS Value
Fund |
$75,807 |
$5,033 |
$25,887 |
$30,920 |
$44,887 |
Victory RS Large Cap
Alpha Fund |
$45,578 |
$571 |
$39,872 |
$40,443 |
$5,135 |
Fund |
Gross Income
from securities
lending activities |
Fees paid to
securities lending
agent from a
revenue split |
Rebate
(paid to
borrower) |
Aggregate
fees/compensation
for securities
lending activities |
Net income
from securities
lending
activities |
Victory RS Investors
Fund |
$22,113 |
$1,030 |
$11,813 |
$12,843 |
$9,270 |
Victory RS Small Cap
Growth Fund |
$461,072 |
$19,981 |
$261,181 |
$281,162 |
$179,910 |
Victory RS Select
Growth Fund |
$35,962 |
$336 |
$32,681 |
$33,017 |
$2,945 |
Victory RS Mid Cap
Growth Fund |
$5,857 |
$22 |
$5,666 |
$5,688 |
$169 |
Victory RS Growth
Fund |
$24,723 |
$89 |
$23,861 |
$23,950 |
$773 |
Victory RS Science
and Technology Fund |
$129,001 |
$3,460 |
$94,800 |
$98,260 |
$30,741 |
Victory RS Small Cap
Equity Fund |
$55,535 |
$3,667 |
$18,809 |
$22,476 |
$33,059 |
Victory RS
International Fund |
$160,618 |
$2,899 |
$131,609 |
$134,508 |
$26,110 |
Victory RS Global
Fund |
$94,639 |
$2,609 |
$68,526 |
$71,135 |
$23,504 |
Victory Sophus
Emerging Markets
Fund |
$19,924 |
$436 |
$15,564 |
$16,000 |
$3,924 |
Victory Low Duration
Bond Fund |
$60,290 |
$1,275 |
$47,342 |
$48,617 |
$11,673 |
Victory High Yield
Fund |
$1,171,644 |
$55,469 |
$616,846 |
$672,315 |
$499,329 |
|
2023 |
2023 |
2022 |
2022 |
2021 |
2021 |
Fund |
Total
Commissions |
Underwriting
Commissions
Retained |
Total
Commissions |
Underwriting
Commissions
Retained |
Total
Commissions |
Underwriting
Commissions
Retained |
Victory Global Energy Transition
Fund |
$7,243 |
$869 |
$34,932 |
$4,661 |
$36,958 |
$4,896 |
Victory RS Partners Fund |
$10,457 |
$1,299 |
$7,771 |
$940 |
$19,054 |
$2,590 |
Victory RS Value Fund |
$17,130 |
$2,222 |
$8,141 |
$1,186 |
$5,236 |
$651 |
Victory RS Large Cap Alpha Fund |
$27,544 |
$3,606 |
$48,313 |
$6,618 |
$48,158 |
$6,437 |
Victory RS Investors Fund |
$9,067 |
$1,099 |
$8,690 |
$1,188 |
$2,353 |
$302 |
Victory RS Small Cap Growth Fund |
$18,495 |
$2,399 |
$15,744 |
$2,098 |
$66,982 |
$8,906 |
Victory RS Select Growth Fund |
$4,839 |
$602 |
$13,750 |
$1,907 |
$38,536 |
$5,231 |
Victory RS Mid Cap Growth Fund |
$7,503 |
$1,111 |
$3,223 |
$438 |
$6,567 |
$894 |
Victory RS Growth Fund |
$16,588 |
$2,059 |
$7,353 |
$1,125 |
$9,754 |
$1,215 |
|
2023 |
2023 |
2022 |
2022 |
2021 |
2021 |
Fund |
Total
Commissions |
Underwriting
Commissions
Retained |
Total
Commissions |
Underwriting
Commissions
Retained |
Total
Commissions |
Underwriting
Commissions
Retained |
Victory RS Science and Technology
Fund |
$17,314 |
$2,193 |
$51,149 |
$6,591 |
$58,673 |
$7,707 |
Victory RS Small Cap Equity Fund |
$4,900 |
$631 |
$2,831 |
$386 |
$9,465 |
$1,213 |
Victory RS International Fund |
$3,976 |
$500 |
$2,363 |
$303 |
$2,931 |
$396 |
Victory RS Global Fund |
$85,388 |
$11,063 |
$15,857 |
$2,033 |
$58,335 |
$7,361 |
Victory Sophus Emerging Markets
Fund |
$1,241 |
$157 |
$3,374 |
$408 |
$6,406 |
$862 |
Victory Low Duration Bond Fund |
$3,259 |
$336 |
$6,298 |
$714 |
$4,513 |
$488 |
Victory High Yield Fund |
$16,850 |
$1,819 |
$7,321 |
$942 |
$34,093 |
$4,175 |
Victory Tax-Exempt Fund |
$597 |
$87 |
$2,323 |
$303 |
$6,512 |
$704 |
Victory High Income Municipal Bond
Fund |
$820 |
$113 |
$2,149 |
$285 |
$2,296 |
$294 |
Victory Floating Rate Fund |
$28,660 |
$3,442 |
$77,294 |
$9,482 |
$216,543 |
$29,436 |
|
Registered
Investment
Companies |
Other Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
SailingStone | ||||||
MacKenzie B. Davis |
1 |
$299.33 |
0 |
$— |
0 |
$— |
Kenneth L. Settles Jr. |
1 |
$299.33 |
0 |
$— |
0 |
$— |
Brian Lively |
1 |
$299.33 |
0 |
$— |
0 |
$— |
RS Value | ||||||
Robert J. Harris |
8 |
$2,790.00 |
2 |
$193.24 |
15 |
$82.11 |
Joseph M. Mainelli |
8 |
$2,790.00 |
2 |
$193.24 |
15 |
$82.11 |
RS Investments – Growth | ||||||
Stephen J. Bishop |
13 |
$6,246.25 |
4 |
$76.46 |
2 |
$27.64 |
Melissa Chadwick-Dunn |
12 |
$6,070.73 |
4 |
$76.46 |
2 |
$27.64 |
Christopher W. Clark |
13 |
$6,246.25 |
5 |
$95.58 |
2 |
$27.64 |
Paul Leung |
13 |
$6,246.25 |
4 |
$76.46 |
2 |
$27.64 |
Trevor Martin |
0 |
$— |
0 |
$— |
0 |
$— |
D. Scott Tracy |
12 |
$6,070.73 |
4 |
$76.46 |
4 |
$71.63 |
RS Investments – Developed Markets | ||||||
U-Wen Kok |
6 |
$2,829.01 |
0 |
$— |
4 |
$1,648.11 |
Adam Mezan |
6 |
$2,829.01 |
0 |
$— |
4 |
$1,648.11 |
Sophus Capital | ||||||
Michael Reynal |
4 |
$886.31 |
6 |
$1,928.16 |
2 |
$927.03 |
Maria Freund |
4 |
$886.31 |
6 |
$1,928.16 |
2 |
$927.03 |
Daniel Do Vale |
0 |
$— |
0 |
$— |
0 |
$— |
Park Avenue | ||||||
John Blaney |
2 |
$948.10 |
0 |
$— |
0 |
$— |
|
Registered
Investment
Companies |
Other Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
Andrew Liggio |
2 |
$948.10 |
0 |
$— |
0 |
$— |
Victory Income Investors | ||||||
Andrew Hattman |
12 |
$11,184.16 |
0 |
$— |
0 |
$— |
Lauren Spalten |
10 |
$8,368.91 |
0 |
$— |
0 |
$— |
Brian W. Smith |
6 |
$13,546.65 |
0 |
$— |
0 |
$— |
Douglas J. Rollwitz |
2 |
$2,735.17 |
0 |
$— |
0 |
$— |
Zach Winters |
0 |
$— |
0 |
$— |
0 |
$— |
|
Registered
Investment
Companies |
Other Pooled
Investment
Vehicle |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
Number
of
Accounts |
Total
Assets
(in Millions) |
SailingStone | ||||||
MacKenzie B. Davis |
0 |
$— |
0 |
$— |
0 |
$— |
Kenneth L. Settles Jr. |
0 |
$— |
0 |
$— |
0 |
$— |
Brian Lively |
0 |
$— |
0 |
$— |
0 |
$— |
RS Value | ||||||
Robert J. Harris |
3 |
$765.63 |
0 |
$— |
0 |
$— |
Joseph M. Mainelli |
3 |
$765.63 |
0 |
$— |
0 |
$— |
RS Investments – Growth | ||||||
Stephen J. Bishop |
4 |
$3,918.65 |
0 |
$— |
0 |
$— |
Melissa Chadwick-Dunn |
4 |
$3,918.65 |
0 |
$— |
0 |
$— |
Christopher W. Clark |
4 |
$3,918.65 |
1 |
$19.12 |
0 |
$— |
Paul Leung |
4 |
$3,918.65 |
0 |
$— |
0 |
$— |
Trevor Martin |
0 |
$— |
0 |
$— |
0 |
$— |
D. Scott Tracy |
4 |
$3,918.65 |
0 |
$— |
2 |
$43.99 |
RS Investments – Developed Markets | ||||||
U-Wen Kok |
3 |
$1,590.70 |
0 |
$— |
0 |
$— |
Adam Mezan |
3 |
$1,590.70 |
0 |
$— |
0 |
$— |
Sophus Capital | ||||||
Michael Reynal |
3 |
$479.93 |
0 |
$— |
0 |
$— |
Maria Freund |
3 |
$479.93 |
0 |
$— |
0 |
$— |
Daniel Do Vale |
0 |
$— |
0 |
$— |
0 |
$— |
Park Avenue | ||||||
John Blaney |
0 |
$— |
0 |
$— |
0 |
$— |
Andrew Liggio |
0 |
$— |
0 |
$— |
0 |
$— |
Victory Income Investors | ||||||
Andrew Hattman |
6 |
$7,060.53 |
0 |
$— |
0 |
$— |
Lauren Spalten |
6 |
$7,060.53 |
0 |
$— |
0 |
$— |
Brian W. Smith |
4 |
$11,188.51 |
0 |
$— |
0 |
$— |
Douglas J. Rollwitz |
2 |
$2,698.07 |
0 |
$— |
0 |
$— |
Zach Winters |
0 |
$— |
0 |
$— |
0 |
$— |
Portfolio
Manager |
Fund |
Dollar Range of Shares
Beneficially Owned as of
December 31, 2023 |
SailingStone |
|
|
MacKenzie B. Davis |
Victory Global Energy Transition Fund |
None |
Kenneth L. Settles Jr. |
Victory Global Energy Transition Fund |
$100,001 - $500,000 |
Brian Lively |
Victory Global Energy Transition Fund |
None |
RS Investments – Value |
|
|
Robert J. Harris |
Victory RS Partners Fund
Victory RS Value Fund
Victory RS Large Cap Alpha Fund
Victory RS Investors Fund |
$500,001 - $1,000,000
$100,001 - $500,000
$50,001 - $100,000
$10,001 - $50,000 |
Portfolio
Manager |
Fund |
Dollar Range of Shares
Beneficially Owned as of
December 31, 2023 |
Joseph M. Mainelli |
Victory RS Partners Fund
Victory RS Value Fund
Victory RS Large Cap Alpha Fund
Victory RS Investors Fund |
$100,001 - $500,000
$100,001 - $500,000
$100,001 - $500,000
$100,001 - $500,000 |
RS Investments – Growth |
|
|
Stephen J. Bishop |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Science and Technology Fund
Victory RS Small Cap Equity Fund |
Over $1,000,000
$100,001 - $500,000
$10,001 - $50,000
$10,001 - $50,000
Over $1,000,000
None |
Melissa Chadwick-Dunn |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Small Cap Equity Fund |
$500,001 - $1,000,000
$100,001 - $500,000
$100,001 - $500,000
$100,001 - $500,000
None |
Christopher W. Clark |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Science and Technology Fund
Victory RS Small Cap Equity Fund |
$100,001 - $500,000
None
None
$100,001 - $500,000
None
None |
Paul Leung |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Science and Technology Fund
Victory RS Small Cap Equity Fund |
$50,001 - $100,000
$10,001 - $50,000
$100,001 - $500,000
$10,001 - $50,000
$50,001 - $100,000
None |
Trevor Martin |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Small Cap Equity Fund |
None
None
None
None
None |
D. Scott Tracy |
Victory RS Small Cap Growth Fund
Victory RS Select Growth Fund
Victory RS Mid Cap Growth Fund
Victory RS Growth Fund
Victory RS Small Cap Equity Fund |
$500,001 - $1,000,000
$100,001 - $500,000
$100,001 - $500,000
$100,001 - $500,000
$500,001 - $1,000,000 |
RS Investments - Developed
Markets |
|
|
U-Wen Kok |
Victory RS Global Fund
Victory RS International Fund |
$100,001-500,000
$100,001-500,000 |
Adam Mezan |
Victory RS Global Fund
Victory RS International Fund |
$100,001-500,000
$50,001 - $100,000 |
Sophus Capital |
|
|
Michael Reynal |
Victory Sophus Emerging Markets Fund |
$100,001 - $500,000 |
Maria Freund |
Victory Sophus Emerging Markets Fund |
$100,001 - $500,000 |
Daniel Do Vale |
Victory Sophus Emerging Markets Fund |
$100,001 - $500,000 |
Park Avenue |
|
|
John Blaney |
Victory High Yield Fund
Victory Floating Rate Fund |
None
$100,001 - $500,000 |
Andrew Liggio |
Victory High Yield Fund
Victory Floating Rate Fund |
$100,001 - $500,000
$100,001 - $500,000 |
Victory Income Investors |
|
|
Andrew Hattman |
Victory High Income Municipal Bond Fund
Victory Tax-Exempt Fund |
None
None |
Portfolio
Manager |
Fund |
Dollar Range of Shares
Beneficially Owned as of
December 31, 2023 |
Lauren Spalten |
Victory High Income Municipal Bond Fund
Victory Tax-Exempt Fund |
None
None |
Brian W. Smith |
Victory Low Duration Bond Fund |
None |
Douglas J. Rollwitz |
Victory Low Duration Bond Fund |
None |
Zach Winters |
Victory Low Duration Bond Fund |
None |
Fund |
Class A |
Class C |
Class R |
Victory Global Energy Transition Fund |
$209,151 |
$21,281 |
$— |
Victory RS Partners Fund |
$439,571 |
$— |
$9,626 |
Victory RS Value Fund |
$416,878 |
$13,593 |
$— |
Victory RS Large Cap Alpha Fund |
$1,092,385 |
$22,964 |
$— |
Victory RS Investors Fund |
$38,470 |
$9,994 |
$— |
Victory RS Small Cap Growth Fund |
$723,268 |
$47,148 |
$— |
Victory RS Select Growth Fund |
$164,824 |
$23,318 |
$— |
Victory RS Mid Cap Growth Fund |
$122,561 |
$25,838 |
$— |
Victory RS Growth Fund |
$564,356 |
$8,543 |
$— |
Victory RS Science and Technology Fund |
$346,836 |
$47,522 |
$— |
Victory RS Small Cap Equity Fund |
$78,136 |
$1,223 |
$— |
Victory RS International Fund |
$53,213 |
$23,862 |
$7,446 |
Victory RS Global Fund |
$189,021 |
$46,652 |
$26,906 |
Victory Sophus Emerging Markets Fund |
$94,566 |
$7,080 |
$44,424 |
Victory Low Duration Bond Fund |
$160,785 |
$28,137 |
$— |
Victory High Yield Fund |
$69,890 |
$226,377 |
$76,759 |
Fund |
Class A |
Class C |
Class R |
Victory Tax-Exempt Fund |
$65,397 |
$8,212 |
$— |
Victory High Income Municipal Bond Fund |
$49,530 |
$9,072 |
$— |
Victory Floating Rate Fund |
$552,836 |
$510,000 |
$— |
Fund |
2023 |
2022 |
2021 |
Victory Global Energy Transition Fund |
$463,555 |
$549,047 |
$604,514 |
Victory RS Partners Fund |
$663,551 |
$804,607 |
$566,565 |
Victory RS Value Fund |
$228,885 |
$408,990 |
$437,262 |
Victory RS Large Cap Alpha Fund |
$176,052 |
$384,716 |
$272,025 |
Victory RS Investors Fund |
$32,721 |
$50,923 |
$32,997 |
Victory RS Small Cap Growth Fund |
$1,445,785 |
$2,782,018 |
$3,236,524 |
Victory RS Select Growth Fund |
$156,899 |
$236,536 |
$173,028 |
Victory RS Mid Cap Growth Fund |
$85,503 |
$274,128 |
$317,624 |
Victory RS Growth Fund |
$75,963 |
$120,965 |
$77,435 |
Victory RS Science and Technology Fund |
$322,839 |
$303,739 |
$333,812 |
Victory RS Small Cap Equity Fund |
$158,521 |
$192,310 |
$158,736 |
Victory RS International Fund |
$182,210 |
$209,675 |
$340,669 |
Victory RS Global Fund |
$305,218 |
$221,353 |
$184,508 |
Victory Sophus Emerging Markets Fund |
$787,522 |
$720,813 |
$1,127,283 |
Victory Low Duration Bond Fund |
$7,042 |
$11,004 |
$4,405 |
Victory High Yield Fund |
$962 |
$428 |
$937 |
Victory Tax-Exempt Fund |
$300 |
$1,500 |
$300 |
Victory High Income Municipal Bond Fund |
$1,680 |
$1,400 |
$430 |
Victory Floating Rate Fund |
$- |
$- |
$- |
Fund |
Brokerage
Commissions Paid |
Total Dollar Amount
of Such Transactions |
Victory RS Partners Fund |
$402,988 |
$539,581,749 |
Victory RS Value Fund |
$135,783 |
$321,841,401 |
Victory RS Large Cap Alpha Fund |
$100,980 |
$348,221,435 |
Victory RS Investors Fund |
$17,985 |
$34,109,873 |
Victory RS Small Cap Growth Fund |
$880,655 |
$1,590,017,480 |
Victory RS Select Growth Fund |
$99,088 |
$261,426,468 |
Victory RS Mid Cap Growth Fund |
$54,344 |
$197,008,783 |
Victory RS Growth Fund |
$46,444 |
$293,807,281 |
Victory RS Science and Technology Fund |
$187,986 |
$249,262,916 |
Victory RS Small Cap Equity Fund |
$95,693 |
$128,165,358 |
Victory RS International Fund |
$98,679 |
$188,591,989 |
Victory RS Global Fund |
$175,912 |
$510,224,475 |
Victory Sophus Emerging Markets Fund |
$422,244 |
$593,754,764 |
Victory Tax-Exempt Fund |
$200 |
$1,082,066 |
Victory High Income Municipal Bond Fund |
$1,190 |
$2,896,320 |
Fund |
Broker-Dealer |
Type of
Security
(Debt or
Equity) |
Aggregate
Value ($000s) |
RS Global Fund |
Bank of America Corp. |
Equity |
$8,988 |
RS Global Fund |
JPMorgan Chase & Co. |
Equity |
$12,858 |
RS International Fund |
Barclays PLC |
Equity |
$1,881 |
RS International Fund |
UBS Group AG |
Equity |
$6,309 |
RS Investors Fund |
The Goldman Sachs Group,
Inc. |
Equity |
$795 |
RS Large Cap Alpha Fund |
Citigroup, Inc. |
Equity |
$9,667 |
RS Large Cap Alpha Fund |
JPMorgan Chase & Co. |
Equity |
$12,113 |
RS Large Cap Alpha Fund |
The Goldman Sachs Group,
Inc. |
Equity |
$14,451 |
Low Duration Bond Fund |
Bank of America Corp. |
Debt |
$1,519 |
Low Duration Bond Fund |
Barclays PLC |
Debt |
$782 |
Low Duration Bond Fund |
Citigroup, Inc. |
Debt |
$1,237 |
Low Duration Bond Fund |
JPMorgan Chase & Co. |
Debt |
$1,350 |
Low Duration Bond Fund |
The Bank of New York
Mellon Corp. |
Debt |
$1,764 |
Low Duration Bond Fund |
The Goldman Sachs Group,
Inc. |
Debt |
$504 |
Low Duration Bond Fund |
UBS Group AG |
Debt |
$967 |
Low Duration Bond Fund |
Wells Fargo & Co. |
Debt |
$1,135 |
Fund |
2023 |
2022 |
Victory Global Energy Transition Fund |
47% |
64% |
Victory RS Partners Fund |
72% |
98% |
Victory RS Value Fund |
55% |
71% |
Victory RS Large Cap Alpha Fund |
39% |
61% |
Victory RS Investors Fund |
36% |
69% |
Victory RS Small Cap Growth Fund |
129% |
105% |
Victory RS Select Growth Fund |
137% |
131% |
Victory RS Mid Cap Growth Fund |
119% |
133% |
Victory RS Growth Fund |
62% |
96% |
Victory RS Science and Technology Fund |
77% |
56% |
Victory RS Small Cap Equity Fund |
192% |
151% |
Victory RS International Fund |
24% |
29% |
Victory RS Global Fund |
32% |
29% |
Victory Sophus Emerging Markets Fund |
72% |
58% |
Victory Low Duration Bond Fund |
58% |
81% |
Victory High Yield Fund |
46% |
47% |
Victory Tax-Exempt Fund |
15% |
13% |
Victory High Income Municipal Bond Fund |
11% |
23% |
Victory Floating Rate Fund |
36% |
35% |
Fund |
Short-Term
Amount |
Long-Term
Amount |
RS Small Cap Growth Fund |
$(280,226,682) |
$- |
RS Select Growth Fund |
$(8,881,559) |
$- |
RS Mid Cap Growth Fund |
$(21,475,857) |
$- |
RS Science and Technology Fund |
$(38,972,820) |
$- |
RS Small Cap Equity Fund |
$(16,834,094) |
$(7,312,979) |
Low Duration Bond Fund |
$(13,365,365) |
$(20,258,424) |
High Yield Fund |
$(8,400,922) |
$(47,369,161) |
Tax-Exempt Fund |
$(49,155) |
$(757,333) |
High Income Municipal Bond Fund |
$(94,714) |
$(832,376) |
Floating Rate Fund |
$(82,199,970) |
$(313,706,887) |
RS International Fund |
$(4,990,813) |
$(9,757,629) |
RS Global Fund |
$(8,005,876) |
$(5,984,173) |
Sophus Emerging Markets Fund |
$(49,291,112) |
$(21,891,488) |
Global Energy Transition Fund |
$- |
$(1,739,479,481) |
Type of Service Provider |
Name of Service Provider |
Timing of Release of
Portfolio Holdings Information |
Adviser and Fund Accountant |
Victory Capital Management Inc. |
Daily. |
Distributor |
Victory Capital Services, Inc. |
Daily. |
Custodian |
Citibank, N.A. |
Daily. |
Sub-Fund Accountant |
Citi Fund Services Ohio, Inc. |
Daily. |
Financial Data Service |
FactSet Research Systems, Inc. |
Daily. |
Liquidity Risk Management Service
Provider |
MSCI, Inc. |
Daily. |
Independent Registered Public
Accounting Firm |
Cohen & Company, Ltd. |
Annual Reporting Period: within 15
business days of end of reporting period. |
Printer for Financial Reports |
Toppan Merrill LLC |
Up to 30 days before distribution to
shareholders. |
Legal Counsel, for EDGAR filings on
Forms N-CSR and Form N-PORT |
Sidley Austin LLP |
Up to 30 days before filing with the
SEC. |
Ratings Agency |
Lipper |
Quarterly, no sooner than 15 calendar
days after the end of the previous
quarter. |
Ratings Agency |
Morningstar |
Quarterly, no sooner than 15 calendar
days after the end of the previous
quarter. |
Financial Data Service |
Bloomberg L.P. |
Quarterly, no sooner than 15 calendar
days after the end of the previous
quarter. |
Item 28. |
Exhibits |
|
(a) |
(1)(a) |
|
|
(1)(b) |
|
|
(2) |
|
(b) |
|
|
(c) |
|
|
(d) |
(1)(a) |
|
|
(1)(b) |
|
|
(2)(a) |
|
|
(2)(b) |
|
|
(3)(a) |
|
|
(3)(b) |
|
|
(3)(c) |
|
|
(4)(a) |
|
(e) |
(1)(a) |
|
|
(1)(b) |
|
|
(1)(c) |
|
(f) |
|
None. |
(g) |
(1)(a) |
|
|
(1)(b) |
|
|
(1)(c) |
|
|
(1)(d) |
|
|
(1)(e) |
|
|
(1)(f) |
|
|
(1)(g) |
|
|
(1)(h) |
|
|
(1)(i) |
|
|
(1)(j) |
|
|
(1)(k) |
|
|
(1)(l) |
|
|
(l)(m) |
|
(h) |
(1) |
|
|
(2)(a) |
|
|
(2)(b) |
|
|
(2)(c) |
|
(2)(d) |
|
|
(2)(e) |
|
|
(2)(f) |
|
|
(2)(g) |
|
|
(2)(h) |
|
|
(2)(i) |
|
|
(2)(j) |
|
|
(2)(k) |
|
|
(2)(l) |
|
|
(2)(m) |
|
|
(2)(n) |
|
|
(2)(o) |
|
|
(2)(p) |
|
|
(2)(q) |
|
|
(3)(a) |
|
|
(3)(b) |
|
|
(3)(c) |
|
|
(3)(d) |
|
|
(3)(e) |
|
|
(3)(f) |
|
|
(3)(g) |
|
|
(3)(h) |
|
|
(3)(i) |
|
|
(3)(j) |
|
|
(3)(k) |
|
|
(3)(l) |
|
|
(3)(m) |
|
|
(3)(n) |
|
|
(3)(o) |
|
|
(4)(a) |
|
|
(4)(b) |
|
(4)(c) |
|
|
(4)(d) |
|
|
(4)(e) |
|
|
(4)(f) |
|
|
(4)(g) |
|
|
(4)(h) |
|
|
(4)(i) |
|
|
(4)(j) |
|
|
(4)(k) |
|
|
(4)(l) |
|
|
(4)(m) |
|
|
(4)(n) |
|
|
(4)(o) |
|
|
(4)(p) |
|
|
(4)(q) |
|
|
(4)(r) |
|
|
(4)(s) |
|
|
(4)(t) |
|
|
(5)(a) |
|
|
(5)(b) |
|
|
(6)(a) |
|
|
(6)(b) |
|
|
(7)(a) |
|
|
(8)(a) |
|
|
(8)(b) |
|
(i) |
(1)(a) |
|
|
(1)(b) |
|
|
(2)(a) |
Reserved. |
(j) |
(1)(a) |
|
|
(1)(b) |
Consent of Sidley Austin LLP dated April 26, 2024. (filed herewith) |
|
(2)(a) |
|
|
(2)(b) |
|
(k) |
|
Not applicable. |
(l) |
(1) |
Not applicable. |
(m) |
(1)(a) |
|
|
(1)(b) |
|
|
(2)(a) |
|
|
(2)(b) |
|
|
(3)(a) |
|
|
(3)(b) |
|
(n) |
(1)(a) |
|
|
(1)(b) |
|
(p) |
(1) |
|
|
(2) |
|
|
(3) |
|
|
(4) |
(a) |
|
Subject to the exceptions and limitations contained in Subsection 10.02(b): |
|
(i) |
every person who is, or has been, a Trustee or officer of the Trust (hereinafter referred to as a “Covered Person”) shall
be indemnified by the Trust to the fullest extent permitted by law against liability and against all expenses reasonably
incurred or paid by him in connection with any claim, action, suit or proceeding in which he becomes involved as a
party or otherwise by virtue of his being or having been a Trustee or officer and against amounts paid or incurred by
him in the settlement thereof; |
|
(ii) |
the words “claim,” “action,” “suit,” or “proceeding” shall apply to all claims, actions, suits, or proceedings (civil,
criminal, or other, including appeals), actual or threatened while in office or thereafter, and the words “liability” and
“expenses” shall include, without limitation, attorneys’ fees, costs, judgments, amounts paid in settlement, fines, penal-
ties, and other liabilities. |
(b) |
|
No indemnification shall be provided hereunder to a Covered Person: |
|
(i) |
who shall have been adjudicated by a court or body before which the proceeding was brought (A) to be liable to the
Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the
duties involved in the conduct of his office or (B) not to have acted in good faith in the reasonable belief that his
action was in the best interest of the Trust; or |
|
(ii) |
in the event of a settlement, unless there has been a determination that such Trustee or officer did not engage in willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office, (A)
by the court or other body approving the settlement; (B) by at least a majority of those Trustees who are neither inter-
ested persons of the Trust nor are parties to the matter based upon a review of readily available facts (as opposed to a
full trial-type inquiry); or (C) by written opinion of independent legal counsel based upon a review of readily available
facts (as opposed to a full trial-type inquiry). |
(c) |
|
The rights of indemnification herein provided may be insured against by policies maintained by the Trust, shall be sev-
erable, shall not be exclusive of or affect any other rights to which any Covered Person may now or hereafter be
entitled, shall continue as to a person who has ceased to be a Covered Person and shall inure to the benefit of the
heirs, executors, and administrators of such a person. Nothing contained herein shall affect any rights to indemnifica-
tion to which Trust personnel, other than Covered Persons, and other persons may be entitled by contract or otherwise
under law. |
(d) |
|
Expenses in connection with the preparation and presentation of a defense to any claim, action, suit or proceeding of
the character described in Subsection (a) of this Section 10.02 may be paid by the Trust or Series from time to time
prior to final disposition thereof upon receipt of an undertaking by or on behalf of such Covered Person that such
amount will be paid over by him to the Trust or Series if it is ultimately determined that he is not entitled to indemni-
fication under this Section 10.02; provided, however, that either (i) such Covered Person shall have provided appropri-
ate security for such undertaking, (ii) the Trust is insured against losses arising out of any such advance payments or
(iii) either a majority of the Trustees who are neither interested persons of the Trust nor parties to the matter, or inde-
pendent legal counsel in a written opinion, shall have determined, based upon a review of readily available facts (as
opposed to a trial-type inquiry or full investigation), that there is reason to believe that such Covered Person will be
found entitled to indemnification under this Section 10.02. The advancement of any expenses pursuant to this Sec-
tion 10.02(d) shall under no circumstances be considered a “loan” under the Sarbanes-Oxley Act of 2002 or for any
other reason. |
David C. Brown |
Director, Chairman, and Chief Executive Officer of Adviser and VCH |
Michael D. Policarpo, II |
President, Chief Financial Officer, and Chief Administrative Officer of
Adviser and VCH, Director of Adviser |
Nina Gupta |
Chief Legal Officer and Secretary of Adviser and VCH, Director of
Adviser |
Name |
Positions and Offices with VCS |
Position and Offices with Registrant |
David C. Brown |
Director |
Trustee |
Michael D. Policarpo, II |
Director, President |
None |
Name |
Positions and Offices with VCS |
Position and Offices with Registrant |
Charles Mathes |
Director, Chief Compliance
Officer |
None |
Donald Inks |
Chief Operations Officer |
None |
Christopher Ponte |
Chief Financial Officer |
Assistant Treasurer |
Signature |
Title |
/s/ James K. DeVries
James K. DeVries |
President (Principal Executive Officer) |
/s/ Allan Shaer
Allan Shaer |
Treasurer (Principal Accounting Officer and Principal Financial Officer) |
*
David Brooks Adcock |
Trustee |
*
Nigel D.T. Andrews |
Trustee |
*
E. Lee Beard |
Trustee |
*
David C. Brown |
Trustee |
*
John L. Kelly |
Chairman of the Board and Trustee |
*
David L. Meyer |
Trustee |
*
Gloria S. Nelund |
Trustee |
*
Timothy Pettee |
Trustee |
*
Leigh A. Wilson |
Trustee |