# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001683863-25-005602
**Filing Date:** 2025-7
**Character Count:** 16690
**Document Hash:** 101c9d37f7a6a340d3f006abbae03919
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-005602.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001683863-25-005602

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**EFFECTIVENESS DATE**: 20250703

**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:** 251105990

**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 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 |
| Member Class | RSPMX         | C000219866 |
| 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 |
| Member Class | RHMMX         | C000219867 |

---

### 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 |
| Member Class | RSFMX         | C000219868 |

---

### 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 |
| Member Class | RMOMX         | C000219869 |

---

### 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 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           |
| C000219866 | Member Class | RSPMX           |
| 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           |
| C000219867 | Member Class | RHMMX           |

### 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           |
| C000219868 | Member Class | RSFMX           |

### 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           |
| C000219869 | Member Class | RMOMX           |

### 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 RS Growth Fund**

**Victory RS Mid Cap Growth Fund Victory RS Select Growth Fund Victory RS Small Cap Growth Fund (each a "Fund" and together the "Funds")**

**Supplement dated July 3, 2025, to the Funds'**

**Summary Prospectus and Prospectus dated May 1, 2025**

**Effective July 11, 2025, Trevor Martin will no longer be listed as a portfolio manager for the above-named Funds.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The reference to Mr. Martin under the **Portfolio Management** table of each Fund's Summary Prospectus is hereby deleted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The reference to Mr. Martin under the **Portfolio Management** subsection of **"Organization and Management of the Fund"** found on page 45 of the Prospectus is hereby deleted.

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 RS Mid Cap Growth Fund**

**(Member Class)**

**(the "Fund")**

**Supplement dated July 3, 2025, to the Fund's**

**Summary Prospectus and Prospectus dated May 1, 2025**

**Effective July 11, 2025, Trevor Martin will no longer be listed as a portfolio manager for the Fund.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The reference to Mr. Martin under the **Portfolio Management** table found on page 6 of the Summary Prospectus is hereby deleted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The reference to Mr. Martin under the **Portfolio Management** subsection of **"Organization and Management of the Fund"** found on page 15 of the Prospectus is hereby deleted.

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 Global Energy Transition Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Victory RS Small Cap Growth Fund** |
| **Victory RS Investors Fund** | &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;**Victory RS International Fund** |
| **Victory RS Partners Fund** | &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 Value Fund** | &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 Growth Fund** | &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 Mid Cap Growth Fund** | &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 Science and Technology Fund** | &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 Select Growth Fund** |  |

---

**Supplement dated July 3, 2025, to the Funds'**

**Statement of Additional Information ("SAI") dated May 1, 2025**

1. The second footnote listed under the Dealer Reallowances table found on page 32 of the SAI is hereby deleted and replaced with the following:

\*\*Investment Professionals may receive payment on purchases of $500,000 or more of Class A shares that are sold at NAV as follows: 0.75% of the current purchase amount if cumulative prior purchases sold at NAV plus the current purchase is less than $3 million; 0.50% of the current purchase amount if the cumulative prior purchases sold at NAV plus the current purchase is $3 million to $4,999,999; and 0.25% on of the current purchase amount if the cumulative prior purchases sold at NAV plus the current purchase is $5 million or more. In addition, in connection with such purchases, the Distributor or its affiliates may advance Rule 12b-1 fees of 0.25% of the purchase amount to Investment Professionals for providing services to shareholders.

2. Effective July 11, 2025, Trevor Martin will no longer be listed as a portfolio manager for the Victory RS Growth Fund, Victory RS Mid Cap Growth Fund, Victory RS Select Growth Fund, and Victory RS Small Cap Growth Fund. Therefore, all references to Mr. Martin are hereby deleted from the SAI.

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

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

------