FUND NAME |
FUND
SHARES |
REWARD
SHARES |
INSTITUTIONAL
SHARES |
CLASS
A |
CLASS
C |
CLASS
R6 |
Victory
Extended Market Index Fund |
USMIX |
— |
— |
— |
— |
— |
Victory
500 Index Fund |
USSPX |
USPRX |
— |
— |
— |
— |
Victory
Nasdaq-100 Index Fund |
USNQX |
— |
UINQX |
UANQX |
UCNQX |
URNQX |
Victory
Global Managed Volatility Fund |
UGMVX |
— |
UGOFX |
— |
— |
— |
Victory
Ultra Short-Term Bond Fund |
UUSTX |
— |
UUSIX |
USBAX |
— |
URUSX |
1 | |
1 | |
2 | |
3 | |
6 | |
8 | |
43 | |
45 | |
48 | |
49 | |
53 | |
62 | |
65 | |
71 | |
71 | |
74 | |
76 | |
79 | |
82 |
Amount
of Purchase |
Initial
Sales Charge:
%
of Offering Price |
Concession
to Dealers:
%
of Offering Price |
Less
than $100,000 |
2.25% |
2.00% |
$100,000
to $249,999 |
1.75% |
1.50% |
Over
$250,000 |
0.00% |
0.00% |
NAV
per share |
$
10.00 |
Per
Share Sales Charge—2.25% of public offering price (2.30% of net asset
value per share) for each Fund |
$0.23 |
Per
Share Offering Price to the Public |
$10.23 |
Fund |
2022 |
2021 |
2020 |
Victory
Extended Market Index Fund |
$341,455 |
$137,265 |
$155,687 |
Victory
500 Index Fund |
$158,693 |
$166,862 |
$239,971 |
Victory
Nasdaq-100 Index Fund |
$102,515 |
$41,184 |
$76,677 |
Victory
Global Managed Volatility Fund |
$173,726 |
$328,171 |
$687,404 |
Victory
Ultra Short-Term Bond Fund |
$- |
$- |
$- |
Fund |
Brokerage
Commissions
Paid
|
Total
Dollar Amount
of
Such Transactions |
Victory
Global Managed Volatility Fund |
$110,459 |
$284,494,215 |
Victory
Extended Market Index Fund |
$234,115 |
$320,680,791 |
Fund |
Broker-Dealer |
Type
of
Security
(Debt
or
Equity) |
Aggregate
Value
($000s) |
Victory
Extended Market Index Fund |
Jefferies
Financial Group,
Inc. |
Equity |
$714
|
Victory
500 Index Fund |
Citigroup,
Inc. |
Equity |
$24,133
|
Victory
500 Index Fund |
JPMorgan
Chase & Co. |
Equity |
$106,972
|
Victory
500 Index Fund |
Morgan
Stanley |
Equity |
$31,282
|
Victory
500 Index Fund |
Northern
Trust Corp. |
Equity |
$4,965
|
Victory
Ultra Short-Term Bond Fund |
JPMorgan
Chase & Co. |
Debt |
$3,040
|
Victory
Ultra Short-Term Bond Fund |
Morgan
Stanley |
Debt |
$1,054
|
Victory
Ultra Short-Term Bond Fund |
Citigroup,
Inc. |
Debt |
$1,463
|
Victory
Ultra Short-Term Bond Fund |
UBS
AG |
Debt |
$997
|
Fund |
2022 |
2021 |
Victory
Extended Market Index Fund |
21% |
24% |
Victory
500 Index Fund |
7% |
8% |
Victory
Nasdaq-100 Index Fund |
12% |
10% |
Fund |
2022 |
2021 |
Victory
Global Managed Volatility Fund |
26% |
40% |
Victory
Ultra Short-Term Bond Fund |
45% |
57% |
Fund |
Short-Term
Amount (000s) |
Long-Term
Amount (000s) |
Victory
Nasdaq-100 Index Fund |
$38,351 |
$33,334 |
Victory
Ultra Short-Term Bond Fund |
$1,950 |
$545 |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five
Years |
Number
of Portfolios
in
Fund Complex
Overseen
by Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
Jefferson
C.
Boyce
(September
1957) |
Independent
Chair |
January
2021
September
2013 |
Retired.
|
45 |
Westhab,
Inc.,
New
York
Theological
Seminary,
American
Filtration
Corp.
|
Dawn
M.
Hawley
(February
1954) |
Trustee |
April
2014 |
Retired. |
45 |
None |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five
Years |
Number
of Portfolios
in
Fund Complex
Overseen
by Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
Daniel
S.
McNamara
(June
1966) |
Trustee |
January
2012 |
Trustee,
President, and
Vice
Chairman of
USAA
ETF Trust
(6/17-6/19);
President of
Financial
Advice &
Solutions
Group
(FASG),
USAA
(02/13-03/21);
Director
of
USAA Asset
Management
Company
(AMCO),
(08/11-06/19);
Chairman
of Board of
AMCO
(04/13/-06/19);
Director
of USAA
Investment
Services
Company
(ISCO)
(formerly
USAA
Investment
Management
Company)
(09/09-
03/21);
Chairman of
Board
of ISCO
(04/13-12/20);
President
and
Director of USAA
Shareholder
Account
Services
(SAS)
(10/09-06/19);
Chairman
of
Board of SAS
(04/13/-06/19);
Senior
Vice
President of USAA
Financial
Planning
Services
Insurance
Agency,
Inc. (FPS)
(04/11-03/21);
Director
and
Vice Chairman of
FPS
(12/13-03/21);
President
and Director
of
USAA Investment
Corporation
(ICORP)
(03/10-03/21);
Chairman
of
Board of ICORP
(12/13-03/21);
Director
of
USAA Financial
Advisors,
Inc. (FAI)
(12/13-03/21);
Chairman
of
Board of FAI
(3/15-03/21). |
45 |
None |
Paul
L.
McNamara
(July
1948) |
Trustee |
January
2012 |
Retired.
|
45 |
None |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five
Years |
Number
of Portfolios
in
Fund Complex
Overseen
by Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
Richard
Y.
Newton,
III
(January
1956) |
Trustee |
March
2017 |
Director,
Elta North
America
(01/18-08/19),
which
is a global leader
in
the design,
manufacture,
and
support
of innovative
electronic
systems in the
ground,
maritime,
airborne,
and security
domains
for the nation’s
warfighters,
security
personnel,
and first
responders;
Managing
Partner,
Pioneer
Partnership
Development
Group
(12/15-present).
|
45 |
Terran
Orbital
Corp.,
American
Made
Filtration
Corp. |
Barbara
B.
Ostdiek,
Ph.D.
(March
1964) |
Trustee |
January
2008
|
Senior
Associate Dean
of
Degree programs at
Jesse
H. Jones Graduate
School
of Business at
Rice
University
(07/13-present);
Associate
Professor of
Finance
at Jesse H.
Jones
Graduate School
of
Business at Rice
University
(07/01-
07/21);
Professor of
Finance
at Jesse H.
Jones
Graduate School
of
Business at Rice
University
(07/21-present).
|
45 |
None |
Name
and
Date
of Birth |
Position(s)
Held
with
Funds |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
During
the Past Five
Years |
Number
of Portfolios
in
Fund Complex
Overseen
by Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
John
C. Walters
(February
1962) |
Trustee |
July
2019 |
Retired.
|
45 |
Guardian
Variable
Products
Trust
(16
series) |
Name
and
Date
of Birth |
Position(s)
Held
with Fund |
Term
of Office
and
Length of
Time
Served |
Principal
Occupation(s)
Held
During
the Past Five
Years
|
Number
of Portfolios
in
Fund Complex
Overseen
by Trustee |
Other
Directorships
Held
During
the
Past Five
Years |
David
C. Brown
(May
1972) |
Trustee |
July
2019 |
Chairman
and Chief
Executive
Officer
(2013-present),
Victory
Capital
Management
Inc.;
Chief Executive
Officer
and Chairman
(2013-
present), Victory
Capital
Holdings, Inc.;
Director,
Victory Capital
Services,
Inc. (2013-
present);
Director,
Victory
Capital Transfer
Agency,
Inc.
(2019-present).
|
45
portfolios within the
Trust;
37 portfolios
within
the Victory
Portfolios,
26 series
within
the Victory
Portfolios
II, and 6
series
within the Victory
Variable
Insurance
Funds |
None |
Name
and
Date
of
Birth |
Position(s)
Held
with
Fund |
Term
of
Office
and
Length
of
Time
Served |
Principal
Occupation(s) Held
During
the Past Five Years
|
James
K. De Vries
(April
1969) |
President |
March
2018* |
Vice
President, Victory Transfer Agency Company
(4/20/23-present);
Executive Director, the Adviser
(7/1/19-present);
Executive Director, Investment and
Financial
Administration, USAA (2012-6/30/19);
Assistant
Treasurer, USAA Mutual Funds Trust
(2013-2018).
Mr. De Vries also serves as the Funds’
Principal
Executive Officer. |
Scott
Stahorsky
(July
1969) |
Vice
President |
July
2019 |
Director,
Fund Administration, the Adviser
(5/1/2023-present);
Vice President, Victory Transfer
Agency
Company (4/20/23-present); Manager, Fund
Administration,
the Adviser (4/30/23- 2015). |
Thomas
Dusenberry
(July
1977) |
Secretary |
June
2022 |
Manager,
Fund Administration, the Adviser; Victory
Capital
Management Inc. (since 2022); Treasurer and
Principal
Financial Officer (2020-2022), Assistant
Treasurer
(2019), Salient MF Trust, Salient Midstream,
MLP
Fund, and Forward Funds; Principal Financial
Officer
(2018-2021) and Treasurer (2020-2021), Salient
Private
Access Funds and Endowment PMF Funds;
Senior
Vice President of Fund Accounting and
Operations,
Salient Partners (2020-2022); Director of
Fund
Operations, Salient Partners
(2016-2019). |
Name
and
Date
of
Birth |
Position(s)
Held
with
Fund |
Term
of
Office
and
Length
of
Time
Served |
Principal
Occupation(s) Held
During
the Past Five Years |
Allan
Shaer,
(March
1965) |
Treasurer |
July
2019* |
Senior
Vice President, Financial Administration, Citi
Fund
Services Ohio, Inc. (since 2016); Vice President,
Mutual
Fund Administration, JP Morgan Chase
(2011-2016).
Mr. Shaer also serves as the Funds’
Principal
Financial and Accounting Officer. |
Christopher
Ponte,
(March
1984) |
Assistant
Treasurer |
May
2023 |
Manager,
Fund Administration, the Adviser (since
2017);
Senior Analyst, Fund Administration, the
Adviser
(prior to 2017); Chief Financial Officer,
Victory
Capital Services, Inc. (since 2018). |
Carol
D. Trevino
(October
1965) |
Assistant
Treasurer |
September
2018 |
Director,
Accounting and Finance, the Adviser
(7/1/19-present);
Accounting/ Financial Director, USAA
(12/13-6/30/19). |
Charles
Booth
(April
1960) |
Anti-Money
Laundering
Compliance
Officer
and
Identity
Theft
Officer |
July
2019 |
Director,
Regulatory Administration and CCO Support
Services,
City Fund Services Ohio, Inc. (2007-present). |
Sean
Fox
(September
1976) |
Chief
Compliance
Officer |
June
2022 |
Deputy
Chief Compliance Officer (July 2021-June
2022),
Senior Compliance Officer, the Adviser
(2019-present);
Compliance Officer, the Adviser
(2015-2019). |
Trustee |
Dollar
Range of Beneficial
Ownership
of Fund Shares |
Aggregate
Dollar Range
of
Beneficial Ownership
of
Shares of All Series
of
the Victory Portfolios III Complex
|
Jefferson
C. Boyce |
None |
$50,001-$100,000 |
Dawn
M. Hawley |
Victory
Ultra Short-Term Bond Fund:
$10,000-$50,000 |
Over
$100,000 |
Daniel
S. McNamara |
Victory
Ultra Short-Term Bond Fund:
$50,001-$100,000
Victory
Extended Market Index Fund:
$1-$10,000 |
Over
$100,000 |
Paul
L. McNamara
|
None |
Over
$100,000 |
Richard
Y. Newton, III |
None |
None |
Barbara
B. Ostdiek, Ph.D.
|
Victory
500 Index Fund: $10,001-$50,000
Victory
Nasdaq-100 Index Fund: $1-$10,000 |
Over
$100,000 |
John
C. Walters |
None |
Over
$100,000 |
Trustee |
Dollar
Range of Beneficial
Ownership
of Fund Shares |
Aggregate
Dollar Range
of
Beneficial Ownership
of
Shares of All Series
of
the Victory Portfolios III Complex
|
David
C. Brown |
None |
None |
Trustee |
Aggregate
Compensation
from
Funds
Listed in this SAI |
Total
Compensation
from
the Trust |
Jefferson
C. Boyce |
$38,678 |
$350,000 |
Dawn
M. Hawley |
$33,263 |
$301,000 |
Trustee |
Aggregate
Compensation
from
Funds
Listed in this SAI |
Total
Compensation
from
the Trust |
Daniel
S. McNamara |
$31,495 |
$285,000 |
Paul
L. McNamara |
$32,821 |
$297,000 |
Richard
Y. Newton, III |
$31,495 |
$285,000 |
Barbara
B. Ostdiek, Ph.D. |
$32,821 |
$297,000 |
John
C. Walters |
$32,821 |
$297,000 |
Trustee |
Aggregate
Compensation
from
Funds
Listed in this SAI |
Total
Compensation
from
the Trust |
David
C. Brown* |
None
|
None |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1
|
Victory
Extended Market Index
Fund |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
30.73% |
Record |
Victory
500 Index Fund
Reward
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
30.39% |
Record |
Victory
500 Index Fund
Reward
Shares |
Gerlach
& CO, LLC/
Citibank
Open WE1
3800
Citigroup Ctr Building B3 14 Tampa,
FL
33610 |
5.40% |
Record |
Victory
500 Index Fund
Member
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
32.77% |
Record |
Victory
500 Index Fund
Member
Shares |
National
Financial Services LLC
Newport
Office Center III
5th
Floor
499
Washington Blvd
Jersey
City, NJ 07310 |
5.62% |
Record |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1 |
Victory
Nasdaq-100 Index
Fund
Shares |
Charles
Schwab
211
Mail Street
San
Francisco, CA 94105 |
35.34% |
Record |
Victory
Nasdaq-100 Index
Fund
Shares |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
11.06% |
Record |
Victory
Nasdaq-100 Index
Fund
Shares |
TD
Ameritrade Clearing, Inc.
200
South 108th
Avenue
Omaha,
NE 68154 |
5.16% |
Record |
Victory
Nasdaq-100 Index
Fund
Institutional Shares |
MAC
& CO A/C 214575
500
Grant Street Room 151-1010
Attn
Mutual Fund Operations
Pittsburgh,
PA 15258 |
25.20% |
Record |
Victory
Nasdaq-100 Index
Fund
Class A |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
90.92% |
Record |
Victory
Nasdaq-100 Index
Fund
Class A |
TD
Ameritrade Clearing, Inc.
200
South 108th
Avenue
Omaha,
NE 68154 |
5.22% |
Record |
Victory
Nasdaq-100 Index
Fund
Class C |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
67.09% |
Record |
Victory
Nasdaq-100 Index
Fund
Class C |
Pershing
LLC
One
Pershing Plaza
Product
Support, 14th
Floor
Jersey
City, NJ 07399 |
5.84% |
Record |
Victory
Nasdaq-100 Index
Fund
Class R6 |
Gerlach
& CO, LLC/
Citibank
Open WE1
3800
Citigroup Ctr Building B3 14 Tampa,
FL
33610 |
55.25% |
Record |
Victory
Nasdaq-100 Index
Fund
Class R6 |
National
Financial Services LLC
Newport
Office Center III
5th
Floor 499 Washington Blvd
Jersey
City, NJ 07310 |
9.73% |
Record |
Victory
Nasdaq-100 Index
Fund
Class R6 |
Charles
Schwab
211
Mail Street
San
Francisco, CA 94105 |
8.85% |
Record |
Victory
Nasdaq-100 Index
Fund
Class R6 |
Nationwide
Investment Services Corp
CO
IPO Portfolio Accounting
PO
Box 182029
Columbus,
Oh 43218 |
6.70% |
Record |
Title
of Class |
Name
of Address of Beneficial Owner |
Percent
of Class |
Nature
of Ownership1 |
Victory
Nasdaq-100 Index
Fund
Class R6 |
Matrix
Trust Company Cust
Scioto
County CTC OH 403 B
717
17th
Street
Suite
1300
Denver,
CO 80202 |
5.99% |
Record |
Victory
Global Managed
Volatility
Fund Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
57.13% |
Record |
Victory
Global Managed
Volatility
Fund Institutional
Shares |
Gerlach
& CO, LLC/
Citibank
Open WE1
3800
Citigroup Ctr Building B3 14 Tampa,
FL
33610 |
100% |
Record |
Victory
Ultra Short-Term Bond
Fund
Shares |
Charles
Schwab & Co., Inc.
211
Mail Street
San
Francisco, CA 94105 |
40.66% |
Record |
Victory
Ultra Short-Term Bond
Fund
Institutional Shares |
National
Financial
for
the exclusive benefits
of
its customers
499
Washington Blvd
Jersey
City, NJ 07310 |
71.13% |
Record |
Victory
Ultra Short-Term Bond
Fund
Institutional Shares |
UBS
Financial Services Inc.
C/O
Central Deposit/Mutual Funds
1000
Harbor Blvd 7th
FL
A/C
YY011410610
Weehawken,
NJ 07086-6727 |
21.11% |
Record |
Victory
Ultra Short-Term Bond
Fund
Class A |
Stifel,
Nicolaus & Company, Incorporated
501
North Broadway
St
Louis, MO 63102 |
56.01% |
Record |
Victory
Ultra Short-Term Bond
Fund
Class A |
Edward
D. Jones & Co., LP
12555
Manchester Road
St
Louis, MO 63131-3729 |
22.38% |
Record |
Victory
Ultra Short-Term Bond
Fund
Class A |
Victory
Capital Management Inc.
4900
Tiedeman Road 4th
Floor
C/O
Cathy Savvas Controller
Brooklyn,
OH 44144 |
14.15% |
Beneficial |
Victory
Ultra Short-Term Bond
Fund
Class A |
Pershing
LLC
One
Pershing Plaza
Product
Support, 14th
Floor
Jersey
City, NJ 07399 |
7.46% |
Record |
Victory
Ultra Short-Term Bond
Fund
Class R6 |
Matrix
Trust Company as Custodian
PO
Box 52129
Phoenix,
AZ 85072-2129 |
92.73% |
Record |
Victory
Ultra Short-Term Bond
Fund
Class R6 |
Nationwide
Investment Services Corp
CO
IPO Portfolio Accounting
PO
Box 182029
Columbus,
OH 43218 |
6.97% |
Record |
Fund |
2022 |
2021 |
2020 |
Victory
Extended Market Index Fund |
$770,386 |
$994,383 |
$725,660 |
Victory
500 Index Fund |
$9,512,586 |
$10,021,720 |
$7,926,789 |
Victory
Nasdaq-100 Index Fund |
$7,531,191 |
$8,104,460 |
$5,880,928 |
Victory
Global Managed Volatility Fund |
$3,051,889 |
$3,711,458 |
$5,309,537 |
Victory
Ultra Short-Term Bond Fund
|
$826,684 |
$836,692 |
$629,860 |
Fund |
2022 |
2021 |
2020 |
Victory
500 Index Fund Member Shares |
$2,034,099 |
$1,849,281 |
$65,838 |
Victory
500 Index Fund Reward Shares |
$- |
$- |
$1,427,262 |
Victory
Nasdaq-100 Index Fund Shares |
$- |
$11,000 |
$- |
Victory
Nasdaq-100 Index Fund Institutional Shares |
$- |
$- |
$4,867 |
Victory
Nasdaq-100 Index Fund Class A |
$19,738
|
$7,740 |
$8,629 |
Victory
Nasdaq-100 Index Fund Class C |
$11,895
|
$2,319 |
$8,716 |
Victory
Nasdaq-100 Index Fund Class R6 |
$- |
|
|
Victory
Global Managed Volatility Fund Shares |
$23,016
|
$16,279 |
$25,447 |
Victory
Global Managed Volatility Fund Institutional Shares |
$381,965
|
$407,471 |
$378,032 |
Victory
Ultra Short-Term Bond Fund Shares |
$- |
$- |
$- |
Victory
Ultra Short-Term Bond Fund Institutional Shares |
$104,724
|
$- |
$9,883 |
Victory
Ultra Short-Term Bond Fund Class A |
$10,434
|
$11,401 |
$10,148 |
Victory
Ultra Short-Term Bond Fund Class R6 |
$11,519
|
$97 |
$6,964 |
Fund |
2022
|
2021
|
2020
|
Victory
Nasdaq-100 Index Fund Institutional Shares |
$4,867
|
$-
|
$-
|
Victory
Ultra Short-Term Bond Fund Institutional Shares |
$14,618
|
$-
|
$-
|
Victory
Ultra Short-Term Bond Fund Class R6
|
$54
|
$-
|
$-
|
Victory
Ultra Short-Term Bond Fund |
Over/Under
Performance
Relative
to Index
(in
basis points) 1
|
Annual
Adjustment Rate
(in
basis points as a percentage
of
a Fund’s average daily net assets) |
+/-
20 to 50 |
+/–
4 |
+/–
51 to 100 |
+/–
5 |
+/–
101 and greater |
+/–
6 |
Fund |
2022 |
2021 |
2020 |
Victory
Global Managed Volatility Fund Shares |
$– |
$– |
$404 |
Victory
Global Managed Volatility Fund Institutional Shares |
$– |
$– |
$34,223 |
Fund |
2022 |
2021 |
2020 |
Victory
Extended Market Index Fund Shares |
$1,155,586 |
$1,491,593 |
$1,088,516 |
Victory
500 Index Fund Member Shares
|
$2,231,361
|
$2,521,694 |
$2,097,868 |
Victory
500 Index Fund Reward Shares |
$3,476,160
|
$3,491,265 |
$2,658,147 |
Victory
Nasdaq-100 Index Fund Shares |
$5,176,191
|
$5,901,071 |
$4,343,992 |
Victory
Nasdaq-100 Index Fund Institutional Shares |
$250,207
|
$75,957 |
$18,491 |
Victory
Nasdaq-100 Index Fund Class A |
$25,135
|
$5,753 |
$28 |
Victory
Nasdaq-100 Index Fund Class C |
$4,319
|
$1,728 |
$70 |
Victory
Nasdaq-100 Index Fund Class R6 |
$22,475
|
$18,607 |
$12,965 |
Victory
Global Managed Volatility Fund Shares
|
$15,087
|
$17,023 |
$15,211 |
Victory
Global Managed Volatility Fund Institutional Shares |
$249,298
|
$303,621 |
$437,386 |
Victory
Ultra Short-Term Bond Fund Shares |
$281,965
|
$323,323 |
$343,517 |
Victory
Ultra Short-Term Bond Fund Institutional Shares |
$102,536
|
$66,962 |
$13,650 |
Victory
Ultra Short-Term Bond Fund Class A |
$833
|
$119 |
$15 |
Victory
Ultra Short-Term Bond Fund Class R6
|
$1,587
|
$1,960 |
$3,399 |
Fund |
Gross
income
from
securities
lending
securities |
Fees
paid to
securities
lending
agent
from
a
revenue
split |
Rebate
(paid
to
borrower) |
Aggregate
fees/
compensation
for
securities
lending
activities |
Net
income
from
securities
lending
activities |
Victory
Extended Market Index
Fund |
$1,768,015 |
$154,288
|
$228,268
|
$382,556
|
$1,385,459
|
Victory
500 Index Fund |
$672,388
|
$54,863
|
$124,423
|
$179,286
|
$493,102
|
Victory
Nasdaq-100 Index Fund |
$1,407,596
|
$141,155
|
$142
|
$141,297
|
$1,266,299
|
Victory
Global Managed
Volatility
Fund |
$260,222
|
$23,554
|
$26,308
|
$49,862
|
$210,360
|
Victory
Ultra Short-Term Bond
Fund |
$54,663
|
$2,236
|
$32,516
|
$34,752
|
$19,911
|
Fund |
2022 |
2021 |
2020 |
Victory
Extended Market Index Fund |
$6,711 |
$6,336 |
$4,582 |
Victory
500 Index Fund
|
$81,790 |
$64,194 |
$49,912 |
Victory
Nasdaq-100 Index Fund
|
$32,314 |
$26,033 |
$17,141 |
Victory
Global Managed Volatility Fund |
$4,389 |
$4,153 |
$5,701 |
Victory
Ultra Short-Term Bond Fund
|
$2,488 |
$1,862 |
$1,591 |
Fund |
2022 |
Victory
Nasdaq-100 Index Fund Class A |
$41,891 |
Victory
Nasdaq-100 Index Fund Class C |
$28,793 |
Victory
Ultra Short-Term Bond Fund Class A |
$1,388 |
|
Registered
Investment
Companies |
Other
Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Brian
W. Smith |
6 |
$12,219.75
|
0 |
$-
|
0 |
$-
|
Douglas
J. Rollwitz |
5 |
$5,728.32 |
0 |
$-
|
0 |
$-
|
R.
Neal Graves |
14 |
$18,559.50 |
0 |
$-
|
0 |
$-
|
James
F. Jackson Jr. |
14 |
$18,559.50 |
0 |
$-
|
0 |
$-
|
|
Registered
Investment
Companies |
Other
Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Brian
W. Smith |
4 |
$10,450.30
|
0 |
$-
|
0 |
$-
|
Douglas
J. Rollwitz |
2 |
$2,699.04
|
0 |
$-
|
0 |
$-
|
R.
Neal Graves |
6 |
$12,381.66 |
0 |
$-
|
0 |
$-
|
James
F. Jackson Jr. |
6 |
$12,381.66 |
0 |
$-
|
0 |
$-
|
Portfolio
Manager |
Fund |
Benchmark(s) |
Brian
W. Smith |
Victory
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
Douglas
J. Rollwitz |
Victory
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
R.
Neal Graves |
Victory
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds Index |
James
F. Jackson Jr. |
Victory
Ultra Short-Term Bond |
Lipper
Ultra Short Obligation Funds
Index |
Portfolio
Manager |
Fund |
Dollar
Range |
Brian
W. Smith |
Victory
Ultra Short-Term Bond Fund |
$10,001-$50,000 |
Douglas
J. Rollwitz |
Victory
Ultra Short-Term Bond Fund |
$100,001-$500,000 |
R.
Neal Graves |
Victory
Ultra Short-Term Bond Fund |
$500,001-$1,000,000 |
James
F. Jackson Jr. |
Victory
Ultra Short-Term Bond Fund |
$10,001-$50,000 |
|
Registered
Investment
Companies |
Other
Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Mannik
Dhillon |
57 |
$49,123 |
4 |
$59.44 |
19 |
$5,261.77 |
Lance
Humphrey |
20 |
$13,425.13 |
0 |
$— |
4 |
$2,654.67 |
Free
Foutz |
9 |
$13,794.75 |
0 |
$— |
0 |
$— |
|
Registered
Investment
Companies |
Other
Pooled
Investment
Vehicles |
Other
Accounts | |||
Name |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Number
of
Accounts |
Total
Assets
(in
Millions) |
Mannik
Dhillon |
13 |
$16,895.47 |
0 |
$— |
0 |
$— |
Lance
Humphrey |
4 |
$3,534.99
|
0 |
$— |
0 |
$— |
Free
Foutz |
0 |
$— |
0 |
$— |
0 |
$— |
Portfolio
Manager |
Fund |
Benchmark(s) |
Mannik
Dhillon |
Victory
Global Managed
Volatility
Bond Fund |
Global
Managed Volatility Composite Index |
|
Victory
Extended Market
Index
Fund |
Dow
Jones U.S. Completion Total Stock Market Index |
|
Victory
500 Index Fund |
Victory
US Large 500 Cap Index |
Lance
Humphrey |
Victory
Global Managed
Volatility
Bond Fund |
Global
Managed Volatility Composite Index |
Free
Foutz |
Victory
500 Index Fund |
|
|
Victory
Extended Market
Index
Fund |
|
|
Victory
Nasdaq-100 Fund |
|
Portfolio
Manager |
Fund |
Dollar
Range |
Mannik
Dhillon |
Victory
Global Managed Volatility Fund |
None |
|
Victory
500 Index Fund |
None |
|
Victory
Extended Market Index Fund |
None |
|
Victory
Nasdaq-100 Fund |
None |
Lance
Humphrey |
Victory
Global Managed Volatility Fund |
None |
Free
Foutz |
Victory
500 Index Fund |
None |
|
Victory
Extended Market Index Fund |
None |
|
Victory
Nasdaq-100 Fund |
None |
Type
of Service Provider |
Name
of Service Provider |
Timing
of Release of
Portfolio
Holdings Information |
Adviser
and Fund Accountant |
Victory
Capital Management Inc. |
Daily. |
Underwriter
and Distributor |
Victory
Capital Services, Inc. |
Daily. |
Custodian |
Citibank,
N.A. |
Daily. |
Sub-Fund
Accountant |
Citi
Fund Services Ohio, Inc. |
Daily. |
Financial
Date Service |
FactSet
Research Systems, Inc. |
Daily. |
Liquidity
Risk Management Service
Provider |
MSCI,
Inc. |
Daily. |
Independent
Registered Public
Accounting
Firm |
Ernst
& Young LLP |
Annual
Reporting Period: within 15
business
days of end of reporting period. |
Legal
Counsel, for EDGAR filings on
Forms
N-CSR and Form N-Port |
K&L
Gates LLP |
Up
to 30 days before filing with the
SEC. |
Ratings
Agency |
Lipper
|
Quarterly,
no later than 15 calendar days
after
the end of the previous quarter. |
Ratings
Agency |
Morningstar |
Quarterly,
no later than 15 calendar days
after
the end of the previous quarter. |
Financial
Date Service |
Bloomberg
L.P. |
Quarterly,
no later than 15 calendar days
after
the end of the previous
quarter. |
AAA |
An
obligation rated ‘AAA’ has the highest rating assigned by S&P. The
obligor’s capacity to meet its financial
commitments
on the obligation is extremely strong. |
AA |
An
obligation rated ‘AA’ differs from the highest-rated obligation only to a
small degree. The obligor’s capacity to meet
its
financial commitments on the obligation is very
strong. |
A |
An
obligation rated ‘A’ is somewhat more susceptible to the adverse effects
of changes in circumstances and economic
conditions
than obligations in higher rated categories. However, the obligor’s
capacity to meet its financial commitments
on
the obligation is still strong. |
BBB |
An
obligation rated ‘BBB’ exhibits adequate protection parameters. However,
adverse economic conditions or changing
circumstances
are more likely to weaken the obligor’s capacity to meet its financial
commitments on the obligation. |
|
Obligations
rated ‘BB,’ ‘B,’ ‘CCC,’ ‘CC,’ and ‘C’ are regarded as having significant
speculative characteristics. ‘BB’
indicates
the least degree of speculation and ‘C’ the highest. While such
obligations will likely have some quality and
protective
characteristics, these may be outweighed by large uncertainties or major
exposures to adverse conditions. |
BB |
An
obligation rated ‘BB’ is less vulnerable to nonpayment than other
speculative issues. However, it faces major ongoing
uncertainties
or exposure to adverse business, financial, or economic conditions that
could lead to the obligor’s inadequate
capacity
to meet its financial commitments on the
obligation. |
B |
An
obligation rated ‘B’ is more vulnerable to nonpayment than obligations
rated BB, but the obligor currently has the
capacity
to meet its financial commitments on the obligation. Adverse business,
financial, or economic conditions will
likely
impair the obligor’s capacity or willingness to meet its financial
commitments on the obligation. |
CCC |
An
obligation rated ‘CCC’ is currently vulnerable to nonpayment and is
dependent upon favorable business, financial, and
economic
conditions for the obligor to meet its financial commitments on the
obligation. In the event of adverse business,
financial,
or economic conditions, the obligor is not likely to have the capacity to
meet its financial commitments on the
obligation. |
CC |
An
obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The
‘CC’ rating is used when a default has not yet
occurred,
but S&P expects default to be a virtual certainty, regardless of the
anticipated time to default. |
C |
An
obligation rated ‘C’ is currently highly vulnerable to nonpayment, and the
obligation is expected to have lower relative
seniority
or lower ultimate recovery compared with obligations that are rated
higher. |
D |
An
obligation rated ‘D’ is in default or in breach of an imputed promise. For
non-hybrid capital instruments, the ‘D’ rating
category
is used when payments on an obligation are not made on the date due,
unless S&P believes that such payments
will
be made within five business days in the absence of a stated grace period
or within the earlier of the stated grace period
or
the next 30 calendar days. The ‘D’ rating also will be used upon the
filing of a bankruptcy petition or the taking of similar
action
and where default on an obligation is a virtual certainty, for example due
to automatic stay provisions. A rating on
an
obligation is lowered to ‘D’ if it is subject to a distressed debt
restructuring. |
NR |
This
indicates that no rating has been requested, or that there is insufficient
information on which to base a rating, or that
S&P
does not rate a particular obligation as a matter of
policy. |
AAA |
Highest
credit quality. “AAA” ratings denote the lowest expectation of credit
risk. They are assigned only in case of
exceptionally
strong capacity for timely payment of financial commitments. This capacity
is highly unlikely to be adversely
affected
by foreseeable events. |
AA |
Very
high credit quality. “AA” ratings denote a very low expectation of credit
risk. They indicate very strong capacity for
timely
payment of financial commitments. This capacity is not significantly
vulnerable to foreseeable events. |
A |
High
credit quality. “A” ratings denote a low expectation of credit risk. The
capacity for timely payment of financial
commitments
is considered strong. This capacity may, nevertheless, be more vulnerable
to adverse or economic conditions
than
is the case for higher ratings. |
BBB |
Good
credit quality. “BBB” ratings indicate that expectations of default are
currently low. The capacity for payment of
financial
commitments is considered adequate, but adverse business or economic
conditions are more likely to impair this
capacity. |
BB |
Speculative.
“BB” ratings indicate an elevated vulnerability to default risk,
particularly in the event of adverse economic
conditions
over time; however, business or financial flexibility exists that supports
the servicing of financial commitments. |
B |
Highly
speculative.
“B” ratings indicate that material default risk is present, but a limited
margin of safety remains.
Financial
commitments are currently being met; however, capacity for continued
payment is vulnerable to deterioration in
the
business and economic environment. |
CCC |
Substantial
credit risk.
Default is a real possibility.
|
CC |
Very
high levels of credit risk.
Default of some kind appears probable. |
C |
Near
default.
A default or default-like process has begun, or the issuer is in
standstill, or for a closed funding vehicle,
payment
capacity is irrevocably impaired. Conditions that are indicative of a ‘C’
category rating for an issuer include:
|
|
a.
the issuer has entered into a grace or cure period following non-payment
of a material financial obligation;
|
|
b.
the issuer has entered into a temporary negotiated waiver or standstill
agreement following a payment default on a
material
financial obligation;
|
|
c.
the formal announcement by the issuer or its agent of a distressed debt
exchange;
|
|
d.
a closed financing vehicle where payment capacity is irrevocably impaired
such that it is not expected to pay interest
and/or
principal in full during the life of the transaction, but where no payment
default is imminent. |
RD |
Restricted
Default.
'RD' ratings indicate an issuer that in Fitch’s opinion has
experienced: |
|
a.
an uncured payment default on a bond, loan or other material financial
obligation, but
|
|
b.
has not entered into bankruptcy filings, administration, receivership,
liquidation, or other formal winding-up procedure,
and |
|
c.
has not otherwise ceased operating. |
|
This
would include:
|
|
i.
the selective payment default on a specific class or currency of
debt;
|
|
ii.
the uncured expiry of any applicable grace period, cure period or default
forbearance period following a payment default
on
a bank loan, capital markets security or other material financial
obligation;
|
|
iii.
the extension of multiple waivers or forbearance periods upon a payment
default on one or more material financial
obligations,
either in series or in parallel; and
|
|
iv.
ordinary
execution of a distressed debt exchange on one or more material financial
obligations. |
D |
Default.
“D” ratings indicate an issuer that in Fitch’s opinion has entered into
bankruptcy filings, administration,
receivership,
liquidation, or other formal winding-up procedure or that has otherwise
ceased business. |