RULE 497 DOCUMENT
These materials provide, in interactive data format using the eXtensible Business Reporting Language, information relating to the supplement dated June 1, 2018 to the prospectus dated November 1, 2017 for the Registrants Victory Portfolios: Victory Integrity Mid-Cap Value Fund and Victory Trivalent International Fund - Core Equity that was filed with the with the Securities and Exchange Commission pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on June 1, 2018 (Accession No. 0001104659-18-037551).
EXHIBIT INDEX
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Exhibit No. |
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Description |
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101. INS |
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XBRL Instance Document |
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101. CAL |
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XBRL Taxonomy Extension Calculation Linkbase |
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101. SCH |
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XBRL Taxonomy Extension Schema Document |
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101. DEF |
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XBRL Taxonomy Extension Definition Linkbase |
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101. LAB |
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XBRL Taxonomy Extension Label Linkbase |
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101. PRE |
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XBRL Taxonomy Extension Presentation Linkbase |
| Victory Integrity Mid-Cap Value Fund | |||||||||||||||||||||||||||||||||||||
| Victory Integrity Mid-Cap Value Fund | |||||||||||||||||||||||||||||||||||||
Victory Funds Victory Integrity Mid-Cap Value Fund Supplement dated June 1, 2018 | |||||||||||||||||||||||||||||||||||||
1. The Annual Fund Operating Expenses portion of the Fund Fees and Expenses table for the Victory Integrity Mid-Cap Value Fund (“Fund”) found on page 1 of the Prospectus is hereby replaced with the following: | |||||||||||||||||||||||||||||||||||||
| Annual Fund Operating Expenses (expenses are deducted from the fund assets as a percentage of average daily net assets) | |||||||||||||||||||||||||||||||||||||
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2. The Fund Fees and Expense table for the Fund on page 2 of the Prospectus is hereby replaced with the following: 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. The amounts shown reflect the fee waiver/expense reimbursement in place through the expiration date. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||||||||||
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If you wish to obtain more information, please call the Victory Funds at 800-539-3863. PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE. | |||||||||||||||||||||||||||||||||||||
| Label | Element | Value | ||
|---|---|---|---|---|
| Victory Integrity Mid-Cap Value Fund | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Supplement [Text Block] | ck0000802716_SupplementTextBlock | Victory Funds Victory Integrity Mid-Cap Value Fund Supplement dated June 1, 2018 |
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| Risk/Return [Heading] | rr_RiskReturnHeading | Victory Integrity Mid-Cap Value Fund | ||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | 1. The Annual Fund Operating Expenses portion of the Fund Fees and Expenses table for the Victory Integrity Mid-Cap Value Fund (“Fund”) found on page 1 of the Prospectus is hereby replaced with the following: |
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| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses are deducted from the fund assets as a percentage of average daily net assets) | ||
| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | Oct. 31, 2019 | ||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | 2. The Fund Fees and Expense table for the Fund on page 2 of the Prospectus is hereby replaced with the following: 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. The amounts shown reflect the fee waiver/expense reimbursement in place through the expiration date. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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| Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | If you wish to obtain more information, please call the Victory Funds at 800-539-3863. PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE. |
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| Victory Integrity Mid-Cap Value Fund | Class A | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||
| Other Expenses | rr_OtherExpensesOverAssets | 0.94% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.94% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.94%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.00% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 671 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 972 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,392 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,560 | ||
| Victory Integrity Mid-Cap Value Fund | Class R6 | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses | rr_OtherExpensesOverAssets | 2.26% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.01% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (2.41%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.60% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 61 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 457 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,139 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,968 | ||
| Victory Integrity Mid-Cap Value Fund | Class Y | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses | rr_OtherExpensesOverAssets | 0.43% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.18% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.43%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.75% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 77 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 287 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 564 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,353 | ||
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| Victory Trivalent International Fund - Core Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Victory Trivalent International Fund - Core Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Victory Funds Victory Trivalent International Fund — Core Equity Supplement dated June 1, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. The Annual Fund Operating Expenses portion of the Fund Fees and Expenses table for the Victory Trivalent International Fund — Core Equity (“Fund”) on page 1 of the Prospectus is hereby replaced with the following: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fund Operating Expenses (expenses are deducted from the fund assets as a percentage of average daily net assets) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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2. The Fund Fees and Expense table for the Fund on page 2 of the Prospectus is hereby replaced with the following: 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 (or continue holding your shares in the case of Class C shares). The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The amounts shown reflect the fee waiver/expense reimbursement in place through the expiration date. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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If you wish to obtain more information, please call the Victory Funds at 800-539-3863. PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Label | Element | Value | ||
|---|---|---|---|---|
| Victory Trivalent International Fund - Core Equity | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Supplement [Text Block] | ck0000802716_SupplementTextBlock | Victory Funds Victory Trivalent International Fund — Core Equity Supplement dated June 1, 2018 |
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| Risk/Return [Heading] | rr_RiskReturnHeading | Victory Trivalent International Fund - Core Equity | ||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | 1. The Annual Fund Operating Expenses portion of the Fund Fees and Expenses table for the Victory Trivalent International Fund — Core Equity (“Fund”) on page 1 of the Prospectus is hereby replaced with the following: |
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| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses are deducted from the fund assets as a percentage of average daily net assets) | ||
| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | Oct. 31, 2019 | ||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | 2. The Fund Fees and Expense table for the Fund on page 2 of the Prospectus is hereby replaced with the following: 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 (or continue holding your shares in the case of Class C shares). The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The amounts shown reflect the fee waiver/expense reimbursement in place through the expiration date. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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| Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | If you wish to obtain more information, please call the Victory Funds at 800-539-3863. PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE. |
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| Victory Trivalent International Fund - Core Equity | Class A | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.80% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||
| Other Expenses | rr_OtherExpensesOverAssets | 1.22% | ||
| Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.29% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (1.32%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense reimbursement | rr_NetExpensesOverAssets | 0.97% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 668 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,002 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,495 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,849 | ||
| Victory Trivalent International Fund - Core Equity | Class C | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.80% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||
| Other Expenses | rr_OtherExpensesOverAssets | 1.17% | ||
| Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.99% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (1.27%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense reimbursement | rr_NetExpensesOverAssets | 1.72% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 275 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 678 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,341 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 3,121 | ||
| Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 175 | ||
| Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 678 | ||
| Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,341 | ||
| Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 3,121 | ||
| Victory Trivalent International Fund - Core Equity | Class I | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.80% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses | rr_OtherExpensesOverAssets | 5.68% | ||
| Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 6.50% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (5.88%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense reimbursement | rr_NetExpensesOverAssets | 0.62% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 63 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 832 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 2,207 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 5,466 | ||
| Victory Trivalent International Fund - Core Equity | Class R6 | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.80% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses | rr_OtherExpensesOverAssets | 1.64% | ||
| Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.46% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (1.89%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense reimbursement | rr_NetExpensesOverAssets | 0.57% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 58 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 391 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 955 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,496 | ||
| Victory Trivalent International Fund - Core Equity | Class Y | ||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Management Fees | rr_ManagementFeesOverAssets | 0.80% | ||
| Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
| Other Expenses | rr_OtherExpensesOverAssets | 0.78% | ||
| Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | ||
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.60% | ||
| Fee Waiver/ Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.88%) | [1] | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense reimbursement | rr_NetExpensesOverAssets | 0.72% | [1] | |
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 74 | ||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 327 | ||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 699 | ||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,746 | ||
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Prospectus Date | rr_ProspectusDate | Nov. 01, 2017 |