# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001193125-25-300014
**Filing Date:** 2025-11
**Character Count:** 34929
**Document Hash:** 9147eab52058a8002a5aabe2104c2f61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-300014.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-300014

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**EFFECTIVENESS DATE**: 20251126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 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:** 251528821

**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

## Series and Classes Contracts Data

### Victory Investment Grade Convertible Fund, formerly Victory INCORE Investment Grade Convertible Fund (Series ID: S000000786)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | SBFCX         | C000002332 |
| Class I    | VICIX         | C000052112 |

---

### Victory Diversified Stock Fund (Series ID: S000000787)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | SRVEX         | C000002333 |
| Class C    | VDSCX         | C000002336 |
| Class R    | GRINX         | C000002337 |
| Class I    | VDSIX         | C000052113 |
| Class Y    | VDSYX         | C000111270 |
| Class R6   | VDSRX         | C000138365 |

---

### Victory Sycamore Established Value Fund (Series ID: S000000788)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | VETAX         | C000002334 |
| Class R    | GETGX         | C000002335 |
| Class I    | VEVIX         | C000052114 |
| Class Y    | VEVYX         | C000111271 |
| Class R6   | VEVRX         | C000138366 |
| Class C    | VEVCX         | C000169232 |

---

### Victory Fund for Income, formerly Victory INCORE Fund for Income (Series ID: S000000792)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | IPFIX         | C000002344 |
| Class C    | VFFCX         | C000002345 |
| Class R    | GGIFX         | C000002346 |
| Class I    | VFFIX         | C000098399 |
| Class Y    | VFFYX         | C000111273 |
| Class R6   | VFFRX         | C000155524 |

---

### Victory Sycamore Small Company Opportunity Fund (Series ID: S000000800)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | SSGSX         | C000002356 |
| Class R    | GOGFX         | C000002357 |
| Class I    | VSOIX         | C000052116 |
| Class Y    | VSOYX         | C000111275 |
| Class R6   | VSORX         | C000164985 |

---

### Victory Core Bond Fund, formerly Victory Total Return Bond Fund (Series ID: S000046391)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MUCAX         | C000144969 |
| Class C    | MUCCX         | C000144970 |
| Class Y    | MUCYX         | C000144971 |
| Class R6   | MUCRX         | C000155525 |

---

### Victory Mid-Cap Core Growth Fund, formerly Victory Munder Mid-Cap Core Growth Fund (Series ID: S000046392)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MGOAX         | C000144972 |
| Class C    | MGOTX         | C000144973 |
| Class R6   | MGOSX         | C000144975 |
| Class Y    | MGOYX         | C000144976 |

---

### Victory Integrity Small-Cap Value Fund (Series ID: S000046393)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | VSCVX         | C000144977 |
| Class C    | MCVSX         | C000144978 |
| Class R    | MRVSX         | C000144979 |
| Class R6   | MVSSX         | C000144980 |
| Class Y    | VSVIX         | C000144981 |

---

### Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund (Series ID: S000046395)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MNNAX         | C000144984 |
| Class C    | MNNCX         | C000144985 |
| Class Y    | MNNYX         | C000144987 |

---

### Victory S&P 500 Index Fund (Series ID: S000046396)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MUXAX         | C000144988 |
| Class R    | MUXRX         | C000144989 |
| Class Y    | MUXYX         | C000144990 |

---

### Victory Integrity Mid-Cap Value Fund (Series ID: S000046397)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MAIMX         | C000144991 |
| Class Y    | MYIMX         | C000144992 |
| Class R6   | MRIMX         | C000164741 |
| Class C    | MCIMX         | C000217047 |

---

### Victory Integrity Small/Mid-Cap Value Fund (Series ID: S000046398)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MAISX         | C000144993 |
| Class Y    | MYISX         | C000144994 |
| Class R6   | MIRSX         | C000155526 |

---

### Victory Trivalent International Fund - Core Equity (Series ID: S000046399)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MAICX         | C000144995 |
| Class I    | MICIX         | C000144997 |
| Class Y    | MICYX         | C000144998 |
| Class R6   | MAIRX         | C000155527 |

---

### Victory Trivalent International Small-Cap Fund (Series ID: S000046400)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MISAX         | C000144999 |
| Class C    | MCISX         | C000145000 |
| Class I    | MISIX         | C000145001 |
| Class R6   | MSSIX         | C000145002 |
| Class Y    | MYSIX         | C000145003 |

---

### Victory Integrity Discovery Fund (Series ID: S000046401)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | MMEAX         | C000145004 |
| Class C    | MMECX         | C000145005 |
| Class Y    | MMEYX         | C000145007 |

---

### Victory RS Large Cap Alpha Fund (Series ID: S000053560)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | GPAFX         | C000168329 |
| Class C    | RCOCX         | C000168330 |
| Class Y    | RCEYX         | C000168332 |

---

### Victory RS Partners Fund (Series ID: S000053561)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSPFX         | C000168333 |
| Class R    | RSPKX         | C000168334 |
| Class Y    | RSPYX         | C000168335 |
| Class R6   | RPPRX         | C000244343 |

---

### Victory RS Value Fund (Series ID: S000053562)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSVAX         | C000168336 |
| Class C    | RVACX         | C000168337 |
| Class Y    | RSVYX         | C000168339 |

---

### Victory RS Global Fund (Series ID: S000053563)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSGGX         | C000168340 |
| Class C    | RGGCX         | C000168341 |
| Class R    | RGGKX         | C000168342 |
| Class Y    | RGGYX         | C000168343 |
| Class R6   | RGGRX         | C000213170 |

---

### Victory RS International Fund (Series ID: S000053564)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | GUBGX         | C000168344 |
| Class C    | RIGCX         | C000168345 |
| Class R    | RIGKX         | C000168346 |
| Class Y    | RSIGX         | C000168347 |
| Class R6   | RSIRX         | C000213174 |

---

### Victory Global Energy Transition Fund (Series ID: S000053568)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSNRX         | C000168359 |
| Class C    | RGNCX         | C000168360 |
| Class Y    | RSNYX         | C000168362 |

---

### Victory Low Duration Bond Fund, formerly Victory INCORE Low Duration Bond Fund (Series ID: S000053571)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RLDAX         | C000168370 |
| Class C    | RLDCX         | C000168371 |
| Class Y    | RSDYX         | C000168373 |

---

### Victory High Yield Fund (Series ID: S000053572)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | GUHYX         | C000168374 |
| Class C    | RHYCX         | C000168375 |
| Class R    | RHYKX         | C000168376 |
| Class Y    | RSYYX         | C000168377 |

---

### Victory Tax-Exempt Fund (Series ID: S000053573)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | GUTEX         | C000168378 |
| Class C    | RETCX         | C000168379 |
| Class Y    | RSTYX         | C000168380 |

---

### Victory High Income Municipal Bond Fund (Series ID: S000053574)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSHMX         | C000168381 |
| Class C    | RSHCX         | C000168382 |
| Class Y    | RHMYX         | C000168383 |

---

### Victory Floating Rate Fund (Series ID: S000053575)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSFLX         | C000168384 |
| Class C    | RSFCX         | C000168385 |
| Class Y    | RSFYX         | C000168387 |

---

### Victory RS Growth Fund (Series ID: S000053577)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class Y    | RGRYX         | C000168392 |
| Class A    | RSGRX         | C000168393 |
| Class C    | RGWCX         | C000168394 |

---

### Victory RS Mid Cap Growth Fund (Series ID: S000053578)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSMOX         | C000168396 |
| Class C    | RMOCX         | C000168397 |
| Class Y    | RMOYX         | C000168399 |
| Class R6   | RMORX         | C000172969 |

---

### Victory RS Select Growth Fund (Series ID: S000053579)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSDGX         | C000168400 |
| Class C    | RSGFX         | C000168401 |
| Class Y    | RSSYX         | C000168403 |
| Class R6   | RSSRX         | C000172970 |

---

### Victory RS Small Cap Growth Fund (Series ID: S000053581)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSEGX         | C000168408 |
| Class C    | REGWX         | C000168409 |
| Class Y    | RSYEX         | C000168411 |
| Class R6   | RSEJX         | C000193682 |

---

### Victory RS Science and Technology Fund (Series ID: S000053582)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSIFX         | C000168412 |
| Class C    | RINCX         | C000168413 |
| Class Y    | RIFYX         | C000168415 |

---

### Victory RS Investors Fund (Series ID: S000053583)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RSINX         | C000168416 |
| Class C    | RIVCX         | C000168417 |
| Class Y    | RSIYX         | C000168419 |

---

## Series and Classes Contracts Data

### Victory Investment Grade Convertible Fund, formerly Victory INCORE Investment Grade Convertible Fund (Series ID: S000000786)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002332 | Class A      | SBFCX           |
| C000052112 | Class I      | VICIX           |

### Victory Diversified Stock Fund (Series ID: S000000787)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002333 | Class A      | SRVEX           |
| C000002336 | Class C      | VDSCX           |
| C000002337 | Class R      | GRINX           |
| C000052113 | Class I      | VDSIX           |
| C000111270 | Class Y      | VDSYX           |
| C000138365 | Class R6     | VDSRX           |

### Victory Sycamore Established Value Fund (Series ID: S000000788)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002334 | Class A      | VETAX           |
| C000002335 | Class R      | GETGX           |
| C000052114 | Class I      | VEVIX           |
| C000111271 | Class Y      | VEVYX           |
| C000138366 | Class R6     | VEVRX           |
| C000169232 | Class C      | VEVCX           |

### Victory Fund for Income, formerly Victory INCORE Fund for Income (Series ID: S000000792)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002344 | Class A      | IPFIX           |
| C000002345 | Class C      | VFFCX           |
| C000002346 | Class R      | GGIFX           |
| C000098399 | Class I      | VFFIX           |
| C000111273 | Class Y      | VFFYX           |
| C000155524 | Class R6     | VFFRX           |

### Victory Sycamore Small Company Opportunity Fund (Series ID: S000000800)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002356 | Class A      | SSGSX           |
| C000002357 | Class R      | GOGFX           |
| C000052116 | Class I      | VSOIX           |
| C000111275 | Class Y      | VSOYX           |
| C000164985 | Class R6     | VSORX           |

### Victory Core Bond Fund, formerly Victory Total Return Bond Fund (Series ID: S000046391)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144969 | Class A      | MUCAX           |
| C000144970 | Class C      | MUCCX           |
| C000144971 | Class Y      | MUCYX           |
| C000155525 | Class R6     | MUCRX           |

### Victory Mid-Cap Core Growth Fund, formerly Victory Munder Mid-Cap Core Growth Fund (Series ID: S000046392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144972 | Class A      | MGOAX           |
| C000144973 | Class C      | MGOTX           |
| C000144975 | Class R6     | MGOSX           |
| C000144976 | Class Y      | MGOYX           |

### Victory Integrity Small-Cap Value Fund (Series ID: S000046393)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144977 | Class A      | VSCVX           |
| C000144978 | Class C      | MCVSX           |
| C000144979 | Class R      | MRVSX           |
| C000144980 | Class R6     | MVSSX           |
| C000144981 | Class Y      | VSVIX           |

### Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund (Series ID: S000046395)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144984 | Class A      | MNNAX           |
| C000144985 | Class C      | MNNCX           |
| C000144987 | Class Y      | MNNYX           |

### Victory S&P 500 Index Fund (Series ID: S000046396)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144988 | Class A      | MUXAX           |
| C000144989 | Class R      | MUXRX           |
| C000144990 | Class Y      | MUXYX           |

### Victory Integrity Mid-Cap Value Fund (Series ID: S000046397)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144991 | Class A      | MAIMX           |
| C000144992 | Class Y      | MYIMX           |
| C000164741 | Class R6     | MRIMX           |
| C000217047 | Class C      | MCIMX           |

### Victory Integrity Small/Mid-Cap Value Fund (Series ID: S000046398)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144993 | Class A      | MAISX           |
| C000144994 | Class Y      | MYISX           |
| C000155526 | Class R6     | MIRSX           |

### Victory Trivalent International Fund - Core Equity (Series ID: S000046399)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144995 | Class A      | MAICX           |
| C000144997 | Class I      | MICIX           |
| C000144998 | Class Y      | MICYX           |
| C000155527 | Class R6     | MAIRX           |

### Victory Trivalent International Small-Cap Fund (Series ID: S000046400)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144999 | Class A      | MISAX           |
| C000145000 | Class C      | MCISX           |
| C000145001 | Class I      | MISIX           |
| C000145002 | Class R6     | MSSIX           |
| C000145003 | Class Y      | MYSIX           |

### Victory Integrity Discovery Fund (Series ID: S000046401)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000145004 | Class A      | MMEAX           |
| C000145005 | Class C      | MMECX           |
| C000145007 | Class Y      | MMEYX           |

### Victory RS Large Cap Alpha Fund (Series ID: S000053560)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168329 | Class A      | GPAFX           |
| C000168330 | Class C      | RCOCX           |
| C000168332 | Class Y      | RCEYX           |

### Victory RS Partners Fund (Series ID: S000053561)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168333 | Class A      | RSPFX           |
| C000168334 | Class R      | RSPKX           |
| C000168335 | Class Y      | RSPYX           |
| C000244343 | Class R6     | RPPRX           |

### Victory RS Value Fund (Series ID: S000053562)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168336 | Class A      | RSVAX           |
| C000168337 | Class C      | RVACX           |
| C000168339 | Class Y      | RSVYX           |

### Victory RS Global Fund (Series ID: S000053563)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168340 | Class A      | RSGGX           |
| C000168341 | Class C      | RGGCX           |
| C000168342 | Class R      | RGGKX           |
| C000168343 | Class Y      | RGGYX           |
| C000213170 | Class R6     | RGGRX           |

### Victory RS International Fund (Series ID: S000053564)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168344 | Class A      | GUBGX           |
| C000168345 | Class C      | RIGCX           |
| C000168346 | Class R      | RIGKX           |
| C000168347 | Class Y      | RSIGX           |
| C000213174 | Class R6     | RSIRX           |

### Victory Global Energy Transition Fund (Series ID: S000053568)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168359 | Class A      | RSNRX           |
| C000168360 | Class C      | RGNCX           |
| C000168362 | Class Y      | RSNYX           |

### Victory Low Duration Bond Fund, formerly Victory INCORE Low Duration Bond Fund (Series ID: S000053571)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168370 | Class A      | RLDAX           |
| C000168371 | Class C      | RLDCX           |
| C000168373 | Class Y      | RSDYX           |

### Victory High Yield Fund (Series ID: S000053572)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168374 | Class A      | GUHYX           |
| C000168375 | Class C      | RHYCX           |
| C000168376 | Class R      | RHYKX           |
| C000168377 | Class Y      | RSYYX           |

### Victory Tax-Exempt Fund (Series ID: S000053573)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168378 | Class A      | GUTEX           |
| C000168379 | Class C      | RETCX           |
| C000168380 | Class Y      | RSTYX           |

### Victory High Income Municipal Bond Fund (Series ID: S000053574)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168381 | Class A      | RSHMX           |
| C000168382 | Class C      | RSHCX           |
| C000168383 | Class Y      | RHMYX           |

### Victory Floating Rate Fund (Series ID: S000053575)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168384 | Class A      | RSFLX           |
| C000168385 | Class C      | RSFCX           |
| C000168387 | Class Y      | RSFYX           |

### Victory RS Growth Fund (Series ID: S000053577)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168392 | Class Y      | RGRYX           |
| C000168393 | Class A      | RSGRX           |
| C000168394 | Class C      | RGWCX           |

### Victory RS Mid Cap Growth Fund (Series ID: S000053578)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168396 | Class A      | RSMOX           |
| C000168397 | Class C      | RMOCX           |
| C000168399 | Class Y      | RMOYX           |
| C000172969 | Class R6     | RMORX           |

### Victory RS Select Growth Fund (Series ID: S000053579)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168400 | Class A      | RSDGX           |
| C000168401 | Class C      | RSGFX           |
| C000168403 | Class Y      | RSSYX           |
| C000172970 | Class R6     | RSSRX           |

### Victory RS Small Cap Growth Fund (Series ID: S000053581)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168408 | Class A      | RSEGX           |
| C000168409 | Class C      | REGWX           |
| C000168411 | Class Y      | RSYEX           |
| C000193682 | Class R6     | RSEJX           |

### Victory RS Science and Technology Fund (Series ID: S000053582)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168412 | Class A      | RSIFX           |
| C000168413 | Class C      | RINCX           |
| C000168415 | Class Y      | RIFYX           |

### Victory RS Investors Fund (Series ID: S000053583)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168416 | Class A      | RSINX           |
| C000168417 | Class C      | RIVCX           |
| C000168419 | Class Y      | RSIYX           |

---

| | |
|:---|:---|
|  | **Victory Portfolios** |
| **Victory Global Energy Transition Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory RS Science and Technology Fund** |
| **Victory RS Partners Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory RS International Fund** |
| **Victory RS Value Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory RS Global Fund** |
| **Victory RS Large Cap Alpha Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory Floating Rate Fund** |
| **Victory RS Investors Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory Tax-Exempt Fund** |
| **Victory RS Small Cap Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory Low Duration Bond Fund** |
| **Victory RS Select Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory High Yield Fund** |
| **Victory RS Mid Cap Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Victory High Income Municipal Bond Fund** |
| **Victory RS Growth Fund** |  |

---

**Supplement dated November 26, 2025**

**to the Prospectuses dated May 1, 2025 ("Prospectuses")**

**The following disclosure replaces in its entirety the existing information related to Stifel, Nicolaus & Company, Incorporated ("Stifel") under Appendix A in the above-named Prospectuses.**

**Waivers Specific to Stifel, Nicolaus & Company, Incorporated ("Stifel")**

Shareholders purchasing or holding Victory Fund shares, including existing fund shareholders, through a Stifel or affiliated platform that provides trade execution, clearance, and/or custody services, will be eligible for the following sales charge load waivers (including front-end sales charge waivers and contingent deferred, or back-end, ("CDSC") sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the Fund's SAI.

**Class A Shares**

As described elsewhere in this prospectus, Stifel may receive compensation out of the front-end sales charge if you purchase Class A shares through Stifel.

**Rights of accumulation**

Rights of accumulation ("ROA") that entitle shareholders to breakpoint discounts on front-end sales charges will be calculated by Stifel based on the aggregated holding of eligible assets in the Victory Funds held by accounts within the purchaser's household at Stifel. Ineligible assets include Class A Money Market Funds not assessed a sales charge. Fund Family assets not held at Stifel may be included in the calculation of ROA only if the shareholder notifies his or her financial advisor about such assets.

The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level.

**Front-end sales charge waivers on Class A shares available at Stifel**

■Class C shares that have been held for more than seven (7) years may be converted to Class A shares or other front-end share class(es) of the same fund pursuant to Stifel's policies and procedures. To the extent that this prospectus elsewhere provides for a waiver with respect to the exchange or conversion of such shares following a shorter holding period, those provisions shall continue to apply.

■Shares purchased by employees and registered representatives of Stifel or its affiliates and their family members as designated by Stifel.

■Shares purchased in a Stifel fee-based advisory program, often referred to as a "wrap" program.

■Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same or other fund within the Victory Funds.

■Shares purchased from the proceeds of redeemed shares of Victory Funds so long as the proceeds are from the sale of shares from an account with the same owner/beneficiary within 90 days of the purchase. For the absence

of doubt, automated transactions (i.e. systematic purchases, including salary deferral transactions and withdrawals) and purchases made after shares are sold to cover Stifel Nicolaus' account maintenance fees are not eligible for rights of reinstatement.

■Shares from rollovers into Stifel from retirement plans to IRAs.

■Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the direction of Stifel. Stifel is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in this prospectus.

■Purchases of Class 529-A shares through a rollover from another 529 plan.

■Purchases of Class 529-A shares made for reinvestment of refunded amounts.

■Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.

■Charitable organizations and foundations, notably 501(c)(3) organizations.

**Contingent Deferred Sales Charges Waivers on Class A and C Shares**

■Death or disability of the shareholder or, in the case of 529 plans, the account beneficiary.

■Shares sold as part of a systematic withdrawal plan not to exceed 12% annually.

■Return of excess contributions from an IRA Account.

■Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations.

■Shares acquired through a right of reinstatement.

■Shares sold to pay Stifel fees or costs in such cases where the transaction is initiated by Stifel.

■Shares exchanged or sold in a Stifel fee-based program.

**Share Class Conversions in Advisory Accounts**

■Stifel continually looks to provide our clients with the lowest cost share class available based on account type. Stifel reserves the right to convert shares to the lowest cost share class available at Stifel upon transfer of shares into an advisory program.

If you wish to obtain more information, please call the Victory Funds at 800 235-8396.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

**34256-00-1125**

**Victory Portfolios**

**Victory Core Bond Fund**

**Victory Integrity Discovery Fund**

**Victory Integrity Mid-Cap Value Fund**

**Victory Integrity Small/Mid-Cap Value Fund**

**Victory Integrity Small-Cap Value Fund**

**Victory Mid-Cap Core Growth Fund, formerly Victory Munder Mid-Cap Core Growth Fund**

**Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund**

**Victory S&P 500 Index Fund**

**Victory Trivalent International Fund—Core Equity**

**Victory Trivalent International Small-Cap Fund**

**Victory Diversified Stock Fund**

**Victory Fund for Income**

**Victory Investment Grade Convertible Fund**

**Victory Sycamore Established Value Fund**

**Victory Sycamore Small Company Opportunity Fund**

**Supplement dated November 26, 2025**

**to the Prospectuses dated November 1, 2025 ("Prospectuses")**

**The following disclosure replaces in its entirety the existing information related to Stifel, Nicolaus & Company, Incorporated ("Stifel") under Appendix A in the above-named Prospectuses.**

**Waivers Specific to Stifel, Nicolaus & Company, Incorporated ("Stifel")**

Shareholders purchasing or holding Victory Fund shares, including existing fund shareholders, through a Stifel or affiliated platform that provides trade execution, clearance, and/or custody services, will be eligible for the following sales charge load waivers (including front-end sales charge waivers and contingent deferred, or back-end, ("CDSC") sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the Fund's SAI.

**Class A Shares**

As described elsewhere in this prospectus, Stifel may receive compensation out of the front-end sales charge if you purchase Class A shares through Stifel.

**Rights of accumulation**

Rights of accumulation ("ROA") that entitle shareholders to breakpoint discounts on front-end sales charges will be calculated by Stifel based on the aggregated holding of eligible assets in the Victory Funds held by accounts within the purchaser's household at Stifel. Ineligible assets include Class A Money Market Funds not assessed a sales charge. Fund Family assets not held at Stifel may be included in the calculation of ROA only if the shareholder notifies his or her financial advisor about such assets.

The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level.

**Front-end sales charge waivers on Class A shares available at Stifel**

■Class C shares that have been held for more than seven (7) years may be converted to Class A shares or other front-end share class(es) of the same fund pursuant to Stifel's policies and procedures. To the extent that this prospectus elsewhere provides for a waiver with respect to the exchange or conversion of such shares following a shorter holding period, those provisions shall continue to apply.

■Shares purchased by employees and registered representatives of Stifel or its affiliates and their family members as designated by Stifel.

■Shares purchased in a Stifel fee-based advisory program, often referred to as a "wrap" program.

■Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same or other fund within the Victory Funds.

■Shares purchased from the proceeds of redeemed shares of Victory Funds so long as the proceeds are from the sale of shares from an account with the same owner/beneficiary within 90 days of the purchase. For the absence of doubt, automated transactions (i.e. systematic purchases, including salary deferral transactions and withdrawals) and purchases made after shares are sold to cover Stifel Nicolaus' account maintenance fees are not eligible for rights of reinstatement.

■Shares from rollovers into Stifel from retirement plans to IRAs.

■Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the direction of Stifel. Stifel is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in this prospectus.

■Purchases of Class 529-A shares through a rollover from another 529 plan.

■Purchases of Class 529-A shares made for reinvestment of refunded amounts.

■Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.

■Charitable organizations and foundations, notably 501(c)(3) organizations.

**Contingent Deferred Sales Charges Waivers on Class A and C Shares**

■Death or disability of the shareholder or, in the case of 529 plans, the account beneficiary.

■Shares sold as part of a systematic withdrawal plan not to exceed 12% annually.

■Return of excess contributions from an IRA Account.

■Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations.

■Shares acquired through a right of reinstatement.

■Shares sold to pay Stifel fees or costs in such cases where the transaction is initiated by Stifel.

■Shares exchanged or sold in a Stifel fee-based program.

**Share Class Conversions in Advisory Accounts**

■Stifel continually looks to provide our clients with the lowest cost share class available based on account type. Stifel reserves the right to convert shares to the lowest cost share class available at Stifel upon transfer of shares into an advisory program.

If you wish to obtain more information, please call the Victory Funds at 800 235-8396.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.**

**34257-00-1125**