0001683863-23-004913.txt : 20230601 0001683863-23-004913.hdr.sgml : 20230601 20230601113343 ACCESSION NUMBER: 0001683863-23-004913 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230601 DATE AS OF CHANGE: 20230601 EFFECTIVENESS DATE: 20230601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY PORTFOLIOS CENTRAL INDEX KEY: 0000802716 IRS NUMBER: 316364605 STATE OF INCORPORATION: TX FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-08982 FILM NUMBER: 23983567 BUSINESS ADDRESS: STREET 1: 4900 TIEDEMAN ROAD CITY: BROOKLYN STATE: OH ZIP: 44144 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 4900 TIEDEMAN ROAD CITY: BROOKLYN STATE: OH ZIP: 44144 FORMER COMPANY: FORMER CONFORMED NAME: SOCIETY FUNDS DATE OF NAME CHANGE: 19940906 0000802716 S000000785 Victory Strategic Allocation Fund C000002329 Class A SBALX C000002330 Class C VBFCX C000002331 Class R VBFGX C000052111 Class I VBFIX 0000802716 S000000786 Victory INCORE Investment Grade Convertible Fund C000002332 Class A SBFCX C000052112 Class I VICIX C000219861 Member Class SBFMX 0000802716 S000000787 Victory Diversified Stock Fund C000002333 Class A SRVEX C000002336 Class C VDSCX C000002337 Class R GRINX C000052113 Class I VDSIX C000111270 Class Y VDSYX C000138365 Class R6 VDSRX 0000802716 S000000788 Victory Sycamore Established Value Fund C000002334 Class A VETAX C000002335 Class R GETGX C000052114 Class I VEVIX C000111271 Class Y VEVYX C000138366 Class R6 VEVRX C000169232 Class C VEVCX 0000802716 S000000792 Victory INCORE Fund for Income C000002344 Class A IPFIX C000002345 Class C VFFCX C000002346 Class R GGIFX C000098399 Class I VFFIX C000111273 Class Y VFFYX C000155524 Class R6 VFFRX C000219862 Member Class VFFMX 0000802716 S000000800 Victory Sycamore Small Company Opportunity Fund C000002356 Class A SSGSX C000002357 Class R GOGFX C000052116 Class I VSOIX C000111275 Class Y VSOYX C000164985 Class R6 VSORX 0000802716 S000000801 Victory Special Value Fund C000002358 Class A SSVSX C000002359 Class C VSVCX C000002360 Class R VSVGX C000052117 Class I VSPIX C000111276 Class Y VSVYX 0000802716 S000046391 Victory INCORE Total Return Bond Fund C000144969 Class A MUCAX C000144970 Class C MUCCX C000144971 Class Y MUCYX C000155525 Class R6 MUCRX 0000802716 S000046392 Victory Munder Mid-Cap Core Growth Fund C000144972 Class A MGOAX C000144973 Class C MGOTX C000144974 Class R MMSRX C000144975 Class R6 MGOSX C000144976 Class Y MGOYX 0000802716 S000046393 Victory Integrity Small-Cap Value Fund C000144977 Class A VSCVX C000144978 Class C MCVSX C000144979 Class R MRVSX C000144980 Class R6 MVSSX C000144981 Class Y VSVIX 0000802716 S000046395 Victory Munder Multi-Cap Fund C000144984 Class A MNNAX C000144985 Class C MNNCX C000144987 Class Y MNNYX 0000802716 S000046396 Victory S&P 500 Index Fund C000144988 Class A MUXAX C000144989 Class R MUXRX C000144990 Class Y MUXYX 0000802716 S000046397 Victory Integrity Mid-Cap Value Fund C000144991 Class A MAIMX C000144992 Class Y MYIMX C000164741 Class R6 MRIMX C000217047 Class C MCIMX C000219863 Member Class MMIJX 0000802716 S000046398 Victory Integrity Small/Mid-Cap Value Fund C000144993 Class A MAISX C000144994 Class Y MYISX C000155526 Class R6 MIRSX C000219864 Member Class MMMSX 0000802716 S000046399 Victory Trivalent International Fund - Core Equity C000144995 Class A MAICX C000144997 Class I MICIX C000144998 Class Y MICYX C000155527 Class R6 MAIRX 0000802716 S000046400 Victory Trivalent International Small-Cap Fund C000144999 Class A MISAX C000145000 Class C MCISX C000145001 Class I MISIX C000145002 Class R6 MSSIX C000145003 Class Y MYSIX 0000802716 S000046401 Victory Integrity Discovery Fund C000145004 Class A MMEAX C000145005 Class C MMECX C000145006 Class R MMERX C000145007 Class Y MMEYX C000219865 Member Class MMMMX 0000802716 S000071168 Victory THB US Small Opportunities Fund C000225921 Class A THBVX C000225922 Class I THBIX 497 1 f25664d1.htm VP SAI SUPPLEMENTS TO RECENT MARKET CONDITIONS AND EVENTS VP SAI Supplements to Recent Market Conditions and Events

Victory Portfolios

Victory Diversified Stock Fund

Victory Strategic Allocation Fund

Victory INCORE Fund for Income

Victory Sycamore Established Value Fund

Victory INCORE Investment Grade Convertible Fund

Victory Sycamore Small Company Opportunity Fund

Victory Special Value Fund

Victory THB US Small Opportunities Fund

(the "Funds")

Supplement dated June 1, 2023

to the Statement of Additional Information dated November 1, 2022, as supplemented ("SAI")

The following disclosure hereby replaces the second paragraph in its entirety under Recent Market Conditions and Events under the section titled INVESTMENT PRACTICES, INSTRUMENTS, AND RISKS on pages 28-29 of the Funds' SAI.

Political and diplomatic events within the United States, including a contentious domestic political environment, changes in political party control of one or more branches of the U.S. government, the U.S. government's inability at times to agree on a long-term budget and deficit reduction plan, the threat of a U.S. government shutdown, and disagreements over, or threats not to increase, the U.S. government's borrowing limit (or "debt ceiling"), as well as political and diplomatic events abroad, may affect investor and consumer confidence and may adversely impact financial markets and the broader economy, perhaps suddenly and to a significant degree. A downgrade of the ratings of U.S. government debt obligations, or concerns about the U.S. government's credit quality in general, could have a substantial negative effect on the U.S. and global economies. Moreover, although the U.S. government has honored its credit obligations, there remains a possibility that the United States could default on its obligations. The consequences of such an unprecedented event are impossible to predict, but it is likely that a default by the United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the value of the Funds' investments.

 

Victory Portfolios

Victory INCORE Total Return Bond Fund

Victory Munder Mid-Cap Core Growth Fund

Victory Integrity Discovery Fund

Victory Munder Multi-Cap Fund

Victory Integrity Mid-Cap Value Fund

Victory S&P 500 Index Fund

Victory Integrity Small/Mid-Cap Value Fund

Victory Trivalent International Fund – Core Equity

Victory Integrity Small-Cap Value Fund

Victory Trivalent International Small-Cap Fund

 

(the "Funds")

Supplement dated June 1, 2023

to the Statement of Additional Information dated November 1, 2022, as supplemented ("SAI")

The following disclosure hereby replaces the second paragraph in its entirety under Recent Market Conditions and Events under the section titled INVESTMENT PRACTICES, INSTRUMENTS, AND RISKS on page 32 of the Funds' SAI.

Political and diplomatic events within the United States, including a contentious domestic political environment, changes in political party control of one or more branches of the U.S. government, the U.S. government's inability at times to agree on a long-term budget and deficit reduction plan, the threat of a U.S. government shutdown, and disagreements over, or threats not to increase, the U.S. government's borrowing limit (or "debt ceiling"), as well as political and diplomatic events abroad, may affect investor and consumer confidence and may adversely impact financial markets and the broader economy, perhaps suddenly and to a significant degree. A downgrade of the ratings of U.S. government debt obligations, or concerns about the U.S. government's credit quality in general, could have a substantial negative effect on the U.S. and global economies. Moreover, although the U.S. government has honored its credit obligations, there remains a possibility that the United States could default on its obligations. The consequences of such an unprecedented event are impossible to predict, but it is likely that a default by the United States would be highly disruptive to the U.S. and global securities markets and could significantly impair the value of the Funds' investments.