|
Victory Portfolios |
Victory Global Energy Transition Fund |
Victory RS Growth Fund |
Victory RS Partners Fund |
Victory RS Science and Technology Fund |
Victory RS Value Fund |
Victory RS International Fund |
Victory RS Large Cap Alpha Fund |
Victory RS Global Fund |
Victory RS Investors Fund |
Victory Low Duration Bond Fund |
Victory RS Small Cap Growth Fund |
Victory High Yield Fund |
Victory RS Select Growth Fund |
Victory Floating Rate Fund |
Victory RS Mid Cap Growth Fund |
|
Supplement dated October 21, 2026,
to the Statement of Additional Information dated May 1, 2026 (“SAI”)
The table referencing “Fund Ownership” under the section titled PORTFOLIO MANAGERS on pages-67-68 of the SAI has been deleted and replaced with the following:
|
|
Dollar Range of Shares |
|
|
Beneficially Owned as of |
Portfolio Manager |
Fund |
December 31, 2025 |
Pioneer Investments |
|
|
Jonathan Sharkey |
Victory Floating Rate Fund |
$10,001 - $50,000 |
Timothy J. Cassidy |
Victory Floating Rate Fund |
None |
SailingStone |
|
|
MacKenzie B. Davis |
Victory Global Energy Transition Fund |
None |
Kenneth L. Settles Jr. |
Victory Global Energy Transition Fund |
$500,001 - $1,000,000 |
Brian Lively |
Victory Global Energy Transition Fund |
None |
RS Investments – Value |
|
|
Robert J. Harris |
Victory RS Partners Fund |
$500,001 - $1,000,000 |
|
Victory RS Value Fund |
$100,001 - $500,000 |
|
Victory RS Large Cap Alpha Fund |
$100,001 - $500,000 |
|
Victory RS Investors Fund |
$100,001 - $500,000 |
Joseph M. Mainelli |
Victory RS Partners Fund |
$100,001 - $500,000 |
|
Victory RS Value Fund |
$100,001 - $500,000 |
|
Victory RS Large Cap Alpha Fund |
$100,001 - $500,000 |
|
Victory RS Investors Fund |
$100,001 - $500,000 |
RS Investments – Growth |
|
|
Stephen J. Bishop |
Victory RS Small Cap Growth Fund |
$100,001 - $500,000 |
|
Victory RS Select Growth Fund |
None |
|
Victory RS Mid Cap Growth Fund |
$100,001 - $500,000 |
|
Victory RS Growth Fund |
None |
|
Victory RS Science and Technology Fund |
Over $1,000,000 |
Melissa Chadwick-Dunn |
Victory RS Small Cap Growth Fund |
$500,001 - $1,000,000 |
|
Victory RS Select Growth Fund |
$100,001 - $500,000 |
|
Victory RS Mid Cap Growth Fund |
$100,001 - $500,000 |
|
Victory RS Growth Fund |
$100,001 - $500,000 |
Paul Leung |
Victory RS Small Cap Growth Fund |
$50,001 - $100,000 |
|
Victory RS Select Growth Fund |
$10,001 - $50,000 |
|
Victory RS Mid Cap Growth Fund |
$100,001 - $500,000 |
|
Victory RS Growth Fund |
$10,001 - $50,000 |
|
Victory RS Science and Technology Fund |
$50,001 - $100,000 |
D. Scott Tracy |
Victory RS Small Cap Growth Fund |
$500,001 - $1,000,000 |
|
Victory RS Select Growth Fund |
$100,001 - $500,000 |
|
Victory RS Mid Cap Growth Fund |
$100,001 - $500,000 |
|
Victory RS Growth Fund |
$100,001 - $500,000 |
RS Investments - Developed Markets |
|
|
U-Wen Kok |
Victory RS Global Fund |
$500,001 - $1,000,000 |
|
Victory RS International Fund |
$100,001-500,000 |
Adam Mezan |
Victory RS Global Fund |
$100,001-500,000 |
|
Victory RS International Fund |
$100,001-500,000 |
Victory Income Investors |
|
|
James F. Jackson, Jr. CFA |
Victory High Yield Fund |
None |
Kurt Daum, J.D. |
Victory High Yield Fund |
$10,001 - $50,000 |
Jason Lincoln |
Victory High Yield Fund |
$10,001 - $50,000 |
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 |
$1 - $10,000 |
If you wish to obtain more information, please call the Victory Funds at 800-539-FUND (800-539-3863) or your financial advisor.
PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.
34290-00-1026