0001683863-23-006180.txt : 20230901 0001683863-23-006180.hdr.sgml : 20230901 20230901133128 ACCESSION NUMBER: 0001683863-23-006180 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230901 DATE AS OF CHANGE: 20230901 EFFECTIVENESS DATE: 20230901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY PORTFOLIOS CENTRAL INDEX KEY: 0000802716 IRS NUMBER: 316364605 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-08982 FILM NUMBER: 231231866 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 Investment Grade Convertible Fund, formerly Victory INCORE Investment Grade Convertible Fund C000002332 Class A SBFCX C000052112 Class I VICIX 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 Fund for Income, formerly 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 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 Total Return Bond Fund, formerly 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 C000144986 Class R MNNRX 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 0000802716 S000046398 Victory Integrity Small/Mid-Cap Value Fund C000144993 Class A MAISX C000144994 Class Y MYISX C000155526 Class R6 MIRSX 0000802716 S000046399 Victory Trivalent International Fund - Core Equity C000144995 Class A MAICX C000144996 Class C MICCX 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 0000802716 S000053560 Victory RS Large Cap Alpha Fund C000168329 Class A GPAFX C000168330 Class C RCOCX C000168331 Class R RCEKX C000168332 Class Y RCEYX 0000802716 S000053561 Victory RS Partners Fund C000168333 Class A RSPFX C000168334 Class R RSPKX C000168335 Class Y RSPYX C000244343 Class R6 RPPRX 0000802716 S000053562 Victory RS Value Fund C000168336 Class A RSVAX C000168337 Class C RVACX C000168338 Class R RSVKX C000168339 Class Y RSVYX 0000802716 S000053563 Victory RS Global Fund C000168340 Class A RSGGX C000168341 Class C RGGCX C000168342 Class R RGGKX C000168343 Class Y RGGYX C000213170 Class R6 RGGRX 0000802716 S000053564 Victory RS International Fund C000168344 Class A GUBGX C000168345 Class C RIGCX C000168346 Class R RIGKX C000168347 Class Y RSIGX C000213174 Class R6 RSIRX 0000802716 S000053566 Victory Sophus Emerging Markets Fund C000168352 Class A GBEMX C000168353 Class C REMGX C000168354 Class R REMKX C000168355 Class Y RSENX C000172968 Class R6 RSERX 0000802716 S000053568 Victory Global Energy Transition Fund C000168359 Class A RSNRX C000168360 Class C RGNCX C000168361 Class R RSNKX C000168362 Class Y RSNYX 0000802716 S000053571 Victory Low Duration Bond Fund, formerly Victory INCORE Low Duration Bond Fund C000168370 Class A RLDAX C000168371 Class C RLDCX C000168372 Class R RLDKX C000168373 Class Y RSDYX 0000802716 S000053572 Victory High Yield Fund C000168374 Class A GUHYX C000168375 Class C RHYCX C000168376 Class R RHYKX C000168377 Class Y RSYYX 0000802716 S000053573 Victory Tax-Exempt Fund C000168378 Class A GUTEX C000168379 Class C RETCX C000168380 Class Y RSTYX 0000802716 S000053574 Victory High Income Municipal Bond Fund C000168381 Class A RSHMX C000168382 Class C RSHCX C000168383 Class Y RHMYX 0000802716 S000053575 Victory Floating Rate Fund C000168384 Class A RSFLX C000168385 Class C RSFCX C000168386 Class R RSFKX C000168387 Class Y RSFYX 0000802716 S000053577 Victory RS Growth Fund C000168392 Class Y RGRYX C000168393 Class A RSGRX C000168394 Class C RGWCX C000168395 Class R RSGKX 0000802716 S000053578 Victory RS Mid Cap Growth Fund C000168396 Class A RSMOX C000168397 Class C RMOCX C000168398 Class R RSMKX C000168399 Class Y RMOYX C000172969 Class R6 RMORX 0000802716 S000053579 Victory RS Select Growth Fund C000168400 Class A RSDGX C000168401 Class C RSGFX C000168402 Class R RSDKX C000168403 Class Y RSSYX C000172970 Class R6 RSSRX 0000802716 S000053580 Victory RS Small Cap Equity Fund C000168404 Class A GPSCX C000168405 Class C RSCCX C000168406 Class R RSCKX C000168407 Class Y RSCYX 0000802716 S000053581 Victory RS Small Cap Growth Fund C000168408 Class A RSEGX C000168409 Class C REGWX C000168410 Class R RSEKX C000168411 Class Y RSYEX C000193682 Class R6 RSEJX 0000802716 S000053582 Victory RS Science and Technology Fund C000168412 Class A RSIFX C000168413 Class C RINCX C000168414 Class R RIFKX C000168415 Class Y RIFYX 0000802716 S000053583 Victory RS Investors Fund C000168416 Class A RSINX C000168417 Class C RIVCX C000168418 Class R RSIKX C000168419 Class Y RSIYX 0000802716 S000071168 Victory THB US Small Opportunities Fund C000225921 Class A THBVX C000225922 Class I THBIX 497 1 f36148d1.htm VP - PROSPECTUS SUPPLEMENT TO APPENDIXA VP - Prospectus Supplement to AppendixA

Victory Portfolios

Victory Global Energy Transition Fund

Victory RS Partners Fund

Victory RS Value Fund

Victory RS Large Cap Alpha Fund

Victory RS Investors Fund

Victory RS Small Cap Growth Fund

Victory RS Select Growth Fund

Victory RS Mid Cap Growth Fund

Victory RS Growth Fond

Victory RS Science and Technology Fund

Victory RS Small Cap Equity Fund

Victory RS International Fund

Victory RS Global Fund

Victory Sophus Emerging Markets Fund

Victory Low Duration Bond Fund

Victory High Yield Fund

Victory Tax Exempt Fund

Victory High Income Municipal Bond Fund

Victory Floating Rate Fund

Supplement dated September 1, 2023

to the Prospectuses dated May 1, 2023 ("Prospectuses")

The following disclosure has been added to the end of Appendix A in the above-named Prospectuses.

J.P. Morgan Securities LLC

Effective September 29, 2023, if you purchase or hold fund shares through an applicable J.P. Morgan Securities LLC brokerage account, you will be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred sales charge ("CDSC"), or back-end sales charge, waivers), share class conversion policy and discounts, which may differ from those disclosed elsewhere in this fund's prospectus or Statement of Additional Information.

Front-end sales charge waivers on Class A shares available at J.P. Morgan Securities LLC

⬛Shares exchanged from Class C (i.e. level-load) shares that are no longer subject to a CDSC and are exchanged into Class A shares of the same fund pursuant to J.P. Morgan Securities LLC's share class exchange policy.

⬛Qualified employer-sponsored defined contribution and defined benefit retirement plans, nonqualified deferred compensation plans, other employee benefit plans and trusts used to fund those plans. For purposes of this provision, such plans do not include SEP IRAs, SIMPLE IRAs, SAR-SEPs or 501(c)(3) accounts.

⬛Shares of funds purchased through J.P. Morgan Securities LLC Self-Directed Investing accounts.

⬛Shares purchased through rights of reinstatement.

⬛Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).

⬛Shares purchased by employees and registered representatives of J.P. Morgan Securities LLC or its affiliates and their spouse or financial dependent as defined by J.P. Morgan Securities LLC.

 

Class C to Class A share conversion

⬛A shareholder in the fund's Class C shares will have their shares converted to Class A shares (or the appropriate share class) of the same fund if the shares are no longer subject to a CDSC and the conversion is consistent with J.P. Morgan Securities LLC's policies and procedures.

CDSC waivers on Class A and C shares available at J.P. Morgan Securities LLC

⬛Shares sold upon the death or disability of the shareholder.

⬛Shares sold as part of a systematic withdrawal plan as described in the fund's prospectus.

⬛Shares purchased in connection with a return of excess contributions from an IRA account.

⬛Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code.

⬛Shares acquired through a right of reinstatement.

Front-end load discounts available at J.P. Morgan Securities LLC: breakpoints, rights of accumulation & letters of intent

⬛Breakpoints as described in the prospectus.

⬛Rights of Accumulation ("ROA") which entitle shareholders to breakpoint discounts as described in the fund's prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser's household at J.P. Morgan Securities LLC. Eligible fund family assets not held at J.P. Morgan Securities LLC (including 529 program holdings, where applicable) may be included in the ROA calculation only if the shareholder notifies their financial advisor about such assets.

Letters of Intent ("LOI"), which allow for breakpoint discounts based on anticipated purchases within a fund family, through J.P. Morgan Securities LLC, over a 13-month period of time (if applicable).

If you wish to obtain more information, please call the Victory Funds at 800-539-3863.

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.


Victory Portfolios

Victory Diversified Stock Fund

Victory Fund for Income

Victory Investment Grade Convertible Fund

Victory Special Value Fund

Victory Strategic Allocation Fund

Victory Sycamore Established Value Fund

Victory Sycamore Small Company Opportunity Fund

Victory THB Small Opportunities Fund

Victory Total Return Bond Fond

Victory Integrity Discovery Fund

Victory Integrity Mid-Cap Value Fund

Victory Integrity Small/Mid Cap Value Fund

Victory Integrity Small-Cap Value Fund

Victory Munder Mid-Cap Core Growth Fund

Victory Munder Multi-Cap Fund

Victory S&P 500 Index Fund

Victory Trivalent International Fund – Core Equity

Victory Trivalent International Small-Cap Fund

Supplement dated September 1, 2023

to the Prospectuses dated November 1, 2022 ("Prospectuses")

The following disclosure has been added to the end of Appendix A in the above-named Prospectuses.

J.P. Morgan Securities LLC

Effective September 29, 2023, if you purchase or hold fund shares through an applicable J.P. Morgan Securities LLC brokerage account, you will be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred sales charge ("CDSC"), or back-end sales charge, waivers), share class conversion policy and discounts, which may differ from those disclosed elsewhere in this fund's prospectus or Statement of Additional Information.

Front-end sales charge waivers on Class A shares available at J.P. Morgan Securities LLC

⬛Shares exchanged from Class C (i.e. level-load) shares that are no longer subject to a CDSC and are exchanged into Class A shares of the same fund pursuant to J.P. Morgan Securities LLC's share class exchange policy.

⬛Qualified employer-sponsored defined contribution and defined benefit retirement plans, nonqualified deferred compensation plans, other employee benefit plans and trusts used to fund those plans. For purposes of this provision, such plans do not include SEP IRAs, SIMPLE IRAs, SAR-SEPs or 501(c)(3) accounts.

⬛Shares of funds purchased through J.P. Morgan Securities LLC Self-Directed Investing accounts.

⬛Shares purchased through rights of reinstatement.

⬛Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).

⬛Shares purchased by employees and registered representatives of J.P. Morgan Securities LLC or its affiliates and their spouse or financial dependent as defined by J.P. Morgan Securities LLC.

 

Class C to Class A share conversion

⬛A shareholder in the fund's Class C shares will have their shares converted to Class A shares (or the appropriate share class) of the same fund if the shares are no longer subject to a CDSC and the conversion is consistent with J.P. Morgan Securities LLC's policies and procedures.

CDSC waivers on Class A and C shares available at J.P. Morgan Securities LLC

⬛Shares sold upon the death or disability of the shareholder.

⬛Shares sold as part of a systematic withdrawal plan as described in the fund's prospectus.

⬛Shares purchased in connection with a return of excess contributions from an IRA account.

⬛Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code.

⬛Shares acquired through a right of reinstatement.

Front-end load discounts available at J.P. Morgan Securities LLC: breakpoints, rights of accumulation & letters of intent

⬛Breakpoints as described in the prospectus.

⬛Rights of Accumulation ("ROA") which entitle shareholders to breakpoint discounts as described in the fund's prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser's household at J.P. Morgan Securities LLC. Eligible fund family assets not held at J.P. Morgan Securities LLC (including 529 program holdings, where applicable) may be included in the ROA calculation only if the shareholder notifies their financial advisor about such assets.

Letters of Intent ("LOI"), which allow for breakpoint discounts based on anticipated purchases within a fund family, through J.P. Morgan Securities LLC, over a 13-month period of time (if applicable).

If you wish to obtain more information, please call the Victory Funds at 800-539-3863.

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.