Victory 500 Index Fund Reward Shares USPRX Strategy

The investment seeks to match, before fees and expenses, the performance of the stocks composing the Victory U.S. Large Cap 500 Index. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities included in the index. In seeking to track the performance of the index, the fund's subadviser attempts to allocate the fund's investments among stocks in approximately the same weightings as the index, beginning with the stocks that make up the larger portion of the index's value.