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0001104659-12-077718.txt : 20121114 0001104659-12-077718.hdr.sgml : 20121114 20121114115559 ACCESSION NUMBER: 0001104659-12-077718 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 EFFECTIVENESS DATE: 20121114 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-08982 FILM NUMBER: 121202221 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD STREET 2: STE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 3435 STELZER ROAD STREET 2: SUITE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 FORMER COMPANY: FORMER CONFORMED NAME: SOCIETY FUNDS DATE OF NAME CHANGE: 19940906 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04852 FILM NUMBER: 121202222 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD STREET 2: STE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 3435 STELZER ROAD STREET 2: SUITE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 FORMER COMPANY: FORMER CONFORMED NAME: SOCIETY FUNDS DATE OF NAME CHANGE: 19940906

0000802716 S000038889 Victory Dividend Growth Fund

C000119661 Class A VDGAX

C000119662 Class C VDGCX

C000119663 Class R VDGRX

C000119664 Class I VDGIX

C000119665 Class Y VDGYX

485BPOS 1 a12-22718_5485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

As filed with the Securities and Exchange Commission on November 14, 2012

File No. 33-8982

ICA No. 811-4852

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	x

Pre-Effective Amendment No.	o

Post-Effective Amendment No. 102

And

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	x

Amendment No. 103

The Victory Portfolios

(Exact name of Registrant as Specified in Trust Instrument)

3435 Stelzer Road

Columbus, Ohio 43219

(Address of Principal Executive Office)

(800) 539-3863

(Area Code and Telephone Number)

Copy to:

Charles Booth

CITI Fund Services Ohio, Inc.

3435 Stelzer Road

Columbus, Ohio 43219

(Name and Address of Agent for
Service)

Christopher K. Dyer

The Victory Portfolios

4900 Tiedeman Road, 4th Floor

Brooklyn, Ohio 44144

Jay G. Baris
Morrison & Foerster LLP
1290 Avenue of the Americas
New York, New York 10104-0050

Approximate Date of Proposed Public Offering: As soon as practicable after this registration statement becomes effective.

It is proposed that this filing will become effective:

x Immediately upon filing pursuant to paragraph (b)

o on November 1, 2012 pursuant to paragraph (b)

£ 60 days after filing pursuant to paragraph (a)(1)

£ on (date) pursuant to paragraph (a)(1)

£ 75 days after filing pursuant to paragraph (a)(2)

o on (date) pursuant to paragraph (a)(2) of rule 485.

If appropriate, check the following box:

o this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York, on the 14th day of November, 2012.

	THE VICTORY PORTFOLIOS
	(Registrant)


	By:	/s/ Michael D. Policarpo, II
		Michael D. Policarpo, II, President

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on the 14th day of November, 2012.

/s/ Michael D. Policarpo, II		President
Michael D. Policarpo, II

/s/ Christopher E. Sabato		Treasurer
Christopher E. Sabato

*		Chairman of the Board and Trustee
Leigh A. Wilson

*		Trustee
David Brooks Adcock

*		Trustee
Nigel D. T. Andrews

*		Trustee
Teresa C. Barger

*		Trustee
E. Lee Beard

*		Trustee
David C. Brown

*		Trustee
Sally M. Dungan

*		Trustee
David L. Meyer

*		Trustee
Karen F. Shepherd

*By:	/s/ Jay G. Baris
	Jay G. Baris
	Attorney-in-Fact

INDEX TO EXHIBITS

EXHIBIT NO.	DESCRIPTION OF EXHIBIT	PAGE NO.

	Risk/return summary of each Fund’s prospectus as an Interactive Data File using eXtensible Business Reporting Language (“XBRL”)

EX-101.INS 2 ck0000802716-20121026.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-10-26 0000802716 2012-11-01 VICTORY PORTFOLIOS false 2012-10-26 2012-11-01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.</tt> <div style="display:none">~ http://www.VictoryFunds.com/role/ExpenseExample_S000038889Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Fund seeks to provide total return comprised of income from dividends and long-term capital appreciation.</tt> <tt>The following Example is designed to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods shown and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</tt> <tt>The Fund pursues its investment objective by investing primarily in the common stocks of companies that currently pay dividends or are expected to begin paying dividends in the near future, with an emphasis on high quality growing businesses of companies that have increased their dividends over time. The Fund seeks to invest in companies that are paying a growing dividend and that can be purchased at a valuation deemed reasonable by the Adviser. The Fund may invest in securities of companies that are mid or large cap, but will invest primarily in large cap securities. The Fund, under normal circumstances, will invest at least 80% of its net assets in dividend paying equity securities and securities immediately convertible or exchangeable into common stock traded on U.S. exchanges and issued by established companies. This includes foreign companies listed or traded on U.S. exchanges or American Depositary Receipts of foreign companies. The Fund will not change this policy unless it notifies shareholders at least 60 days in advance. For purpose of the Fund's investment objective, "net assets" includes any borrowings for investment purposes. There is no guarantee that the Fund will achieve its objective.</tt> Dividend Growth Fund Summary You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. Example: Other Expenses are based upon estimated amounts for the current fiscal year and includes Acquired Fund Fees and Expenses that are expected to be less than 0.01%. No performance information is presented as the Fund is new. Investment Objective You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time. Principal Risks Shareholder Fees (paid directly from your investment) Investment Performance 50000 800-539-FUND (800-539-3863) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover: <tt>The prices of securities held by the Fund may decline if any of the following occurs: o The market values of the securities acquired by the Fund decline.    o Growth stocks fall out of favor because the companies' earnings growth does not meet expectations. o Large cap dividend paying stocks fall out of favor relative to the overall market. o Mid cap stocks fall out of favor relative to stocks of larger or smaller companies. o The portfolio manager does not execute the Fund's principal investment strategies effectively. o A company's earnings or dividends do not increase as expected.    o An issuer's credit quality is downgraded, an issuer defaults, or the rate of inflation increases. o Foreign securities lose market share or profits. Foreign securities generally experience more volatility than their domestic counterparts. o An investment company in which the Fund invests does not achieve its investment objective.    You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not a deposit of KeyBank or any of its affiliates and is not FDIC insured or guaranteed by any other government agency. By itself, the Fund does not constitute a complete investment plan and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.</tt> Fund Fees and Expenses Principal Investment Strategies www.VictoryFunds.com <tt>No performance information is presented as the Fund is new. Performance data for the Fund will be available online at www.VictoryFunds.com or by calling 800-539-FUND (800-539-3863).</tt> <tt>The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. More information about these and other discounts is available from your Investment Professional and in Investing with Victory on page 11 of the Fund's Prospectus and on page 42 of the Fund's Statement of Additional Information (SAI).</tt> <div style="display:none">~ http://www.VictoryFunds.com/role/OperatingExpensesData_S000038889Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> The following Example makes the same assumptions as the Example above, except that it assumes you do not sell your shares at the end of the period. An investment in the Fund is not a deposit of KeyBank or any of its affiliates and is not FDIC insured or guaranteed by any other government agency. <div style="display:none">~ http://www.VictoryFunds.com/role/ExpenseExampleNoRedemption_S000038889Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.VictoryFunds.com/role/ShareholderFeesData_S000038889Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> VDGYX 0.0000 102 318 -0.0157 0.0187 0.0070 2018-02-28 0.0000 0.0100 0.0257 0.0000 VDGIX 0.0000 97 303 -0.0162 0.0187 0.0070 2018-02-28 0.0000 0.0095 0.0257 0.0000 VDGRX 0.0000 153 474 -0.0157 0.0187 0.0070 2018-02-28 0.0050 0.0150 0.0307 0.0000 VDGCX 0.0000 303 203 627 -0.0157 0.0187 0.0070 2018-02-28 627 0.0100 0.0200 0.0357 0.0100 VDGAX 0.0575 695 949 -0.0157 0.0212 0.0070 2018-02-28 0.0000 0.0125 0.0282 0.0000 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Memberck0000802716:C000119661Member 2012-11-01 2012-11-01 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Memberck0000802716:C000119662Member 2012-11-01 2012-11-01 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Memberck0000802716:C000119663Member 2012-11-01 2012-11-01 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Memberck0000802716:C000119664Member 2012-11-01 2012-11-01 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Memberck0000802716:C000119665Member 2012-11-01 2012-11-01 0000802716 ck0000802716:SummaryS000038889Memberck0000802716:S000038889Member 2012-11-01 2012-11-01 0000802716 2012-11-01 2012-11-01 iso4217:USD pure A contingent deferred sales charge of 0.75% may be imposed on Class A shares with respect to purchases of $1,000,000 or more that are redeemed within 12 months of purchase. For additional information, see 'Choosing a Share Class' beginning on page 14. The Class C contingent deferred sales charge applies only to shares sold within 12 months of purchase. Other Expenses are based upon estimated amounts for the current fiscal year and includes Acquired Fund Fees and Expenses that are expected to be less than 0.01%. The Adviser has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding certain items such as interest, taxes and brokerage commissions) of Class A, Class C, Class I, Class R and Class Y shares do not exceed 1.25%, 2.00%, 0.95%, 1.50% and 1.00%, respectively, until at least February 28, 2018. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed for up to three years after the fiscal year in which the waiver or reimbursement took place, subject to any operating expense limit in effect at the time of recoupment or reimbursement. 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Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund

Dividend Growth Fund Summary

Investment Objective

The Fund seeks to provide total return comprised of income from dividends and long-term capital appreciation.

Fund Fees and Expenses

The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. More information about these and other discounts is available from your Investment Professional and in Investing with Victory on page 11 of the Fund's Prospectus and on page 42 of the Fund's Statement of Additional Information (SAI).

Shareholder Fees (paid directly from your investment)

Shareholder Fees Victory Dividend Growth Fund	Class A		Class C		Class I	Class R	Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price)	5.75%		none		none	none	none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price)	none	^[1]	1.00%	^[2]	none	none	none

[1]	A contingent deferred sales charge of 0.75% may be imposed on Class A shares with respect to purchases of $1,000,000 or more that are redeemed within 12 months of purchase. For additional information, see 'Choosing a Share Class' beginning on page 14.
[2]	The Class C contingent deferred sales charge applies only to shares sold within 12 months of purchase.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Victory Dividend Growth Fund		Class A	Class C	Class I	Class R	Class Y
Management Fees		0.70%	0.70%	0.70%	0.70%	0.70%
Distribution (12b-1) Fees		none	1.00%	none	0.50%	none
Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares)	^[1]	2.12%	1.87%	1.87%	1.87%	1.87%
Total Annual Fund Operating Expense		2.82%	3.57%	2.57%	3.07%	2.57%
Fee Waiver/Expense Reimbursement		(1.57%)	(1.57%)	(1.62%)	(1.57%)	(1.57%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement	^[2]	1.25%	2.00%	0.95%	1.50%	1.00%

[1]

Other Expenses are based upon estimated amounts for the current fiscal year and includes Acquired Fund Fees and Expenses that are expected to be less than 0.01%.

[2]

The Adviser has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding certain items such as interest, taxes and brokerage commissions) of Class A, Class C, Class I, Class R and Class Y shares do not exceed 1.25%, 2.00%, 0.95%, 1.50% and 1.00%, respectively, until at least February 28, 2018. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed for up to three years after the fiscal year in which the waiver or reimbursement took place, subject to any operating expense limit in effect at the time of recoupment or reimbursement.

Example:

The following Example is designed to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods shown and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Victory Dividend Growth Fund (USD $)	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years
Class A	695	949
Class C	303	627
Class I	97	303
Class R	153	474
Class Y	102	318

The following Example makes the same assumptions as the Example above, except that it assumes you do not sell your shares at the end of the period.

Expense Example, No Redemption (USD $)	Expense Example, No Redemption, 1 Year	Expense Example, No Redemption, 3 Years
Victory Dividend Growth Fund Class C	203	627

Portfolio Turnover:

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.

Principal Investment Strategies

The Fund pursues its investment objective by investing primarily in the common stocks of companies that currently pay dividends or are expected to begin paying dividends in the near future, with an emphasis on high quality growing businesses of companies that have increased their dividends over time. The Fund seeks to invest in companies that are paying a growing dividend and that can be purchased at a valuation deemed reasonable by the Adviser. The Fund may invest in securities of companies that are mid or large cap, but will invest primarily in large cap securities. The Fund, under normal circumstances, will invest at least 80% of its net assets in dividend paying equity securities and securities immediately convertible or exchangeable into common stock traded on U.S. exchanges and issued by established companies. This includes foreign companies listed or traded on U.S. exchanges or American Depositary Receipts of foreign companies. The Fund will not change this policy unless it notifies shareholders at least 60 days in advance. For purpose of the Fund's investment objective, "net assets" includes any borrowings for investment purposes. There is no guarantee that the Fund will achieve its objective.

Principal Risks

The prices of securities held by the Fund may decline if any of the following occurs: o The market values of the securities acquired by the Fund decline. o Growth stocks fall out of favor because the companies' earnings growth does not meet expectations. o Large cap dividend paying stocks fall out of favor relative to the overall market. o Mid cap stocks fall out of favor relative to stocks of larger or smaller companies. o The portfolio manager does not execute the Fund's principal investment strategies effectively. o A company's earnings or dividends do not increase as expected. o An issuer's credit quality is downgraded, an issuer defaults, or the rate of inflation increases. o Foreign securities lose market share or profits. Foreign securities generally experience more volatility than their domestic counterparts. o An investment company in which the Fund invests does not achieve its investment objective. You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not a deposit of KeyBank or any of its affiliates and is not FDIC insured or guaranteed by any other government agency. By itself, the Fund does not constitute a complete investment plan and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.

Investment Performance

No performance information is presented as the Fund is new. Performance data for the Fund will be available online at www.VictoryFunds.com or by calling 800-539-FUND (800-539-3863).

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Label Element Value

Risk Return [Abstract] rr_RiskReturnAbstract

ProspectusDate rr_ProspectusDate Nov. 01, 2012

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund

Risk Return [Abstract] rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading Dividend Growth Fund Summary

Objective [Heading] rr_ObjectiveHeading Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks to provide total return comprised of income from dividends and long-term capital appreciation.

Expense [Heading] rr_ExpenseHeading Fund Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. More information about these and other discounts is available from your Investment Professional and in Investing with Victory on page 11 of the Fund's Prospectus and on page 42 of the Fund's Statement of Additional Information (SAI).

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover:

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.

Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Victory Funds.

Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based upon estimated amounts for the current fiscal year and includes Acquired Fund Fees and Expenses that are expected to be less than 0.01%.

Expense Example [Heading] rr_ExpenseExampleHeading Example:

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following Example is designed to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods shown and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption The following Example makes the same assumptions as the Example above, except that it assumes you do not sell your shares at the end of the period.

Strategy [Heading] rr_StrategyHeading Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund pursues its investment objective by investing primarily in the common stocks of companies that currently pay dividends or are expected to begin paying dividends in the near future, with an emphasis on high quality growing businesses of companies that have increased their dividends over time. The Fund seeks to invest in companies that are paying a growing dividend and that can be purchased at a valuation deemed reasonable by the Adviser. The Fund may invest in securities of companies that are mid or large cap, but will invest primarily in large cap securities. The Fund, under normal circumstances, will invest at least 80% of its net assets in dividend paying equity securities and securities immediately convertible or exchangeable into common stock traded on U.S. exchanges and issued by established companies. This includes foreign companies listed or traded on U.S. exchanges or American Depositary Receipts of foreign companies. The Fund will not change this policy unless it notifies shareholders at least 60 days in advance. For purpose of the Fund's investment objective, "net assets" includes any borrowings for investment purposes. There is no guarantee that the Fund will achieve its objective.

Risk [Heading] rr_RiskHeading Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The prices of securities held by the Fund may decline if any of the following occurs: o The market values of the securities acquired by the Fund decline. o Growth stocks fall out of favor because the companies' earnings growth does not meet expectations. o Large cap dividend paying stocks fall out of favor relative to the overall market. o Mid cap stocks fall out of favor relative to stocks of larger or smaller companies. o The portfolio manager does not execute the Fund's principal investment strategies effectively. o A company's earnings or dividends do not increase as expected. o An issuer's credit quality is downgraded, an issuer defaults, or the rate of inflation increases. o Foreign securities lose market share or profits. Foreign securities generally experience more volatility than their domestic counterparts. o An investment company in which the Fund invests does not achieve its investment objective. You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not a deposit of KeyBank or any of its affiliates and is not FDIC insured or guaranteed by any other government agency. By itself, the Fund does not constitute a complete investment plan and should be considered a long-term investment for investors who can afford to weather changes in the value of their investment.

Risk Lose Money [Text] rr_RiskLoseMoney You may lose money by investing in the Fund. The likelihood of loss may be greater if you invest for a shorter period of time.

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit of KeyBank or any of its affiliates and is not FDIC insured or guaranteed by any other government agency.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock No performance information is presented as the Fund is new. Performance data for the Fund will be available online at www.VictoryFunds.com or by calling 800-539-FUND (800-539-3863).

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess No performance information is presented as the Fund is new.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-539-FUND (800-539-3863)

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.VictoryFunds.com

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund | Class A

Risk Return [Abstract] rr_RiskReturnAbstract

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%

Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none ^[1]

Management Fees rr_ManagementFeesOverAssets 0.70%

Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none

Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares) rr_OtherExpensesOverAssets 2.12% ^[2]

Total Annual Fund Operating Expense rr_ExpensesOverAssets 2.82%

Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.57%)

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.25% ^[3]

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2018-02-28

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 695

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 949

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund | Class C

Risk Return [Abstract] rr_RiskReturnAbstract

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none

Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% ^[4]

Management Fees rr_ManagementFeesOverAssets 0.70%

Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%

Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares) rr_OtherExpensesOverAssets 1.87% ^[2]

Total Annual Fund Operating Expense rr_ExpensesOverAssets 3.57%

Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.57%)

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.00% ^[3]

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2018-02-28

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 303

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 627

Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 203

Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 627

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund | Class I

Risk Return [Abstract] rr_RiskReturnAbstract

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none

Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none

Management Fees rr_ManagementFeesOverAssets 0.70%

Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none

Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares) rr_OtherExpensesOverAssets 1.87% ^[2]

Total Annual Fund Operating Expense rr_ExpensesOverAssets 2.57%

Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.62%)

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.95% ^[3]

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2018-02-28

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 97

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 303

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund | Class R

Risk Return [Abstract] rr_RiskReturnAbstract

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none

Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none

Management Fees rr_ManagementFeesOverAssets 0.70%

Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%

Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares) rr_OtherExpensesOverAssets 1.87% ^[2]

Total Annual Fund Operating Expense rr_ExpensesOverAssets 3.07%

Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.57%)

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.50% ^[3]

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2018-02-28

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 153

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 474

Victory Dividend Growth Fund (Prospectus Summary) | Victory Dividend Growth Fund | Class Y

Risk Return [Abstract] rr_RiskReturnAbstract

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none

Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none

Management Fees rr_ManagementFeesOverAssets 0.70%

Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none

Other Expenses (Includes a shareholder servicing fee of 0.25% applicable to Class A shares) rr_OtherExpensesOverAssets 1.87% ^[2]

Total Annual Fund Operating Expense rr_ExpensesOverAssets 2.57%

Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.57%)

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.00% ^[3]

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2018-02-28

Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 102

Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 318

[1]	A contingent deferred sales charge of 0.75% may be imposed on Class A shares with respect to purchases of $1,000,000 or more that are redeemed within 12 months of purchase. For additional information, see 'Choosing a Share Class' beginning on page 14.
[2]	Other Expenses are based upon estimated amounts for the current fiscal year and includes Acquired Fund Fees and Expenses that are expected to be less than 0.01%.
[3]	The Adviser has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding certain items such as interest, taxes and brokerage commissions) of Class A, Class C, Class I, Class R and Class Y shares do not exceed 1.25%, 2.00%, 0.95%, 1.50% and 1.00%, respectively, until at least February 28, 2018. The Adviser is permitted to recoup advisory fees waived and expenses reimbursed for up to three years after the fiscal year in which the waiver or reimbursement took place, subject to any operating expense limit in effect at the time of recoupment or reimbursement.
[4]	The Class C contingent deferred sales charge applies only to shares sold within 12 months of purchase.

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Label	Element	Value
Risk Return [Abstract]	rr_RiskReturnAbstract
Document Type	dei_DocumentType	485BPOS
Document Period End Date	dei_DocumentPeriodEndDate	Oct. 26, 2012
Registrant Name	dei_EntityRegistrantName	VICTORY PORTFOLIOS
Central Index Key	dei_EntityCentralIndexKey	0000802716
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Oct. 26, 2012
Document Effective Date	dei_DocumentEffectiveDate	Nov. 01, 2012
Victory Dividend Growth Fund (Prospectus Summary) \| Victory Dividend Growth Fund \| Class A
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VDGAX
Victory Dividend Growth Fund (Prospectus Summary) \| Victory Dividend Growth Fund \| Class C
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VDGCX
Victory Dividend Growth Fund (Prospectus Summary) \| Victory Dividend Growth Fund \| Class I
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VDGIX
Victory Dividend Growth Fund (Prospectus Summary) \| Victory Dividend Growth Fund \| Class R
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VDGRX
Victory Dividend Growth Fund (Prospectus Summary) \| Victory Dividend Growth Fund \| Class Y
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VDGYX

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