0001104659-18-066862.txt : 20181108 0001104659-18-066862.hdr.sgml : 20181108 20181108093421 ACCESSION NUMBER: 0001104659-18-066862 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 49 FILED AS OF DATE: 20181108 DATE AS OF CHANGE: 20181108 EFFECTIVENESS DATE: 20181108 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: 181168480 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 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: 181168479 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 0000802716 S000046391 Victory INCORE Total Return Bond Fund C000144969 Class A MUCAX C000144970 Class C MUCCX C000144971 Class Y MUCYX C000155525 Class R6 MUCRX 0000802716 S000046392 Victory Munder Mid-Cap Core Growth Fund C000144972 Class A MGOAX C000144973 Class C MGOTX C000144974 Class R MMSRX C000144975 Class R6 MGOSX C000144976 Class Y MGOYX 0000802716 S000046393 Victory Integrity Small-Cap Value Fund C000144977 Class A VSCVX C000144978 Class C MCVSX C000144979 Class R MRVSX C000144980 Class R6 MVSSX C000144981 Class Y VSVIX 0000802716 S000046394 Victory Trivalent Emerging Markets Small-Cap Fund C000144982 Class A MAEMX C000144983 Class Y MYEMX 0000802716 S000046395 Victory Munder Multi-Cap Fund C000144984 Class A MNNAX C000144985 Class C MNNCX C000144986 Class R MNNRX C000144987 Class Y MNNYX 0000802716 S000046396 Victory S&P 500 Index Fund C000144988 Class A MUXAX C000144989 Class R MUXRX C000144990 Class Y MUXYX 0000802716 S000046397 Victory Integrity Mid-Cap Value Fund C000144991 Class A MAIMX C000144992 Class Y MYIMX C000164741 Class R6 MRIMX 0000802716 S000046398 Victory Integrity Small/Mid-Cap Value Fund C000144993 Class A MAISX C000144994 Class Y MYISX C000155526 Class R6 MIRSX 0000802716 S000046399 Victory Trivalent International Fund - Core Equity C000144995 Class A MAICX C000144996 Class C MICCX C000144997 Class I MICIX C000144998 Class Y MICYX C000155527 Class R6 MAIRX 0000802716 S000046400 Victory Trivalent International Small-Cap Fund C000144999 Class A MISAX C000145000 Class C MCISX C000145001 Class I MISIX C000145002 Class R6 MSSIX C000145003 Class Y MYSIX 0000802716 S000046401 Victory Integrity Discovery Fund C000145004 Class A MMEAX C000145005 Class C MMECX C000145006 Class R MMERX C000145007 Class Y MMEYX 0000802716 S000049194 Victory Munder Small Cap Growth Fund C000155093 Class A MASCX C000155094 Class I MIGSX C000155095 Class Y MYSGX 485BPOS 1 a18-36347_9485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

 

As filed with the Securities and Exchange Commission on November 8, 2018

 

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. 163

x

 

 

 

 

And

 

 

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

 

 

 

 

Amendment No. 164

 

 

Victory Portfolios

(Exact name of Registrant as Specified in Trust Instrument)

 

4900 Tiedeman Road, 4th Floor

Brooklyn, Ohio 44114

(Address of Principal Executive Offices)

 

(800) 539-3863

(Area Code and Telephone Number)

 

Copy to:

 

Charles Booth

Christopher K. Dyer

Jay G. Baris

Citi Fund Services Ohio, Inc.

Victory Portfolios

Shearman & Sterling LLP

4400 Easton Commons, Suite 200

4900 Tiedeman Road, 4th Floor

599 Lexington Avenue

Columbus, Ohio 43219

Brooklyn, OH 44144

New York, New York 10022

 

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 (date) pursuant to paragraph (b)

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

o                          On (date) pursuant to paragraph (a)(1)

o                          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 8th day of November, 2018.

 

 

VICTORY PORTFOLIOS

 

(Registrant)

 

By:

/s/ Christopher K. Dyer

 

 

Christopher K. Dyer, President (Principal Executive Officer)

 

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 24th day of October, 2018.

 

/s/ Christopher K. Dyer

 

President (Principal Executive Officer)

Christopher K. Dyer

 

 

 

 

 

/s/ Allan Shaer

 

Treasurer (Principal Accounting Officer and Principal Financial Officer)

Allan Shaer

 

*

 

Chairman of the Board and Trustee

Leigh A. Wilson

 

 

*

 

Trustee

David Brooks Adcock

 

 

*

 

Trustee

Nigel D.T. Andrews

 

 

*

 

Trustee

E. Lee Beard

 

 

*

 

Trustee

David C. Brown

 

 

*

 

Trustee

Dennis M. Bushe

 

 

*

 

Trustee

Sally M. Dungan

 

 

*

 

Trustee

John L. Kelly

 

 

*

 

Trustee

David L. Meyer

 

 

*

 

Trustee

Gloria S. Nelund

 

 

 

 

 

 

*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 the Fund’s prospectus as an Interactive Data File using eXtensible Business Reporting Language (“XBRL”)

 

 

 


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ck0000802716:S000046396Member rr:AfterTaxesOnDistributionsMember ck0000802716:C000144990Member 2018-06-30 2018-06-30 0000802716 ck0000802716:S000046396Member rr:AfterTaxesOnDistributionsAndSalesMember ck0000802716:C000144990Member 2018-06-30 2018-06-30 0000802716 ck0000802716:S000046396Member ck0000802716:index_SP_500_Index_Index_returns_reflect_no_deduction_for_fees_expenses_or_taxesMember 2018-06-30 2018-06-30 xbrli:pure iso4217:USD 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 the section entitled Choosing a Share Class. Applies to shares sold within 12 months of purchase. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.32% and 1.57% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Inception date of Class R6 is June 4, 2012. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.88% of the Fund's Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.40%, 1.15% and 1.25% of the Fund's Class A, Class I and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. The inception date of the Fund is May 1, 2015. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 2.08% of Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.00%, 0.60% and 0.75% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Inception date of Class A and Y Shares is July 5, 2011. Inception date of Class R6 is December 15, 2015. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.50% and 1.75% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.13%, 0.83% and 0.88% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Inception date of Class A and Class Y is July 5, 2011. Inception date of Class R6 shares is March 4, 2015. Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.73% and 1.48% of the Fund's Class A and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Inception date of the Fund is July 2, 2013. Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 0.95%, 1.70%, 0.60%, 0.55% and 0.70% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Inception date of Class R6 is March 4, 2015. Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.35%, 2.10%, 0.95%, 1.10% and 1.10% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 0.85%, 1.60%, 0.58% and 0.60% of the Fund's Class A, Class C, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees. VICTORY PORTFOLIOS 485BPOS false 0000802716 2018-06-30 2018-10-24 2018-11-01 2018-11-01 Victory Munder Mid-Cap Core Growth Fund MGOAX MGOTX MMSRX MGOSX MGOYX Investment Objective <p>The Fund seeks to provide long-term capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies. Mid-capitalization companies means those companies with market capitalizations within the range of companies included in the S&amp;P MidCap 400<sup>&#174;</sup> Index ($177.7 million to $15.6 billion as of September 30, 2018) or within the range of companies included in the Russell Midcap<sup>&#174;</sup> Index ($603.6 million to $40.8 billion as of September 30, 2018).</p> <br/><p>The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.</p> <br/><p>The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded mid-capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell Midcap<sup>&#174;</sup> Index.</p> <br/><p>Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser&#8217;s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 26 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0000 0.0075 0.0075 0.0075 0.0075 0.0075 0.0025 0.0100 0.0050 0.0000 0.0000 0.0028 0.0021 0.0040 0.0009 0.0026 0.0128 0.0196 0.0165 0.0084 0.0101 0.0000 0.0000 -0.0008 0.0000 0.0000 0.0128 0.0196 0.0157 0.0084 0.0101 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0000802716_S000046392Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0000802716_S000046392Member row primary compact * ~ Shareholder Fees (paid directly from your investment) Applies to shares sold within 12 months of purchase. 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 698 299 199 160 86 103 958 615 615 513 268 322 1237 1057 1057 889 466 558 2031 2285 2285 1948 1037 1236 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0000802716_S000046392Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact ck0000802716_S000046392Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 50% of the average value of its portfolio.</p> 0.50 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Mid-Cap Core Growth Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Mid-Cap Core Growth Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.4345 0.3280 0.2548 -0.0077 0.1601 0.3372 0.1017 -0.0436 0.0737 0.2450 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_LegalEntityAxis compact ck0000802716_S000046392Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144976Member row primary compact * ~ Highest Quarter 0.1648 2009-09-30 Lowest Quarter -0.2526 2008-12-31 year-to-date total return 0.0434 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 4.34%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">16.48% (quarter ended September 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-25.26% (quarter ended December 31, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.2450 0.1350 0.0740 0.1962 0.1083 0.0613 0.1775 0.1050 0.0586 0.1704 0.1187 0.0650 0.2234 0.1242 0.0636 0.2385 0.1292 0.0687 0.2473 0.1371 0.1472 0.1852 0.1496 0.0911 0.2527 0.1530 0.0910 2012-06-04 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_LegalEntityAxis compact ck0000802716_S000046392Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Mid Capitalization Stock Risk</b> &#8211; Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Munder Multi-Cap Fund MNNAX MNNCX MNNRX MNNYX Investment Objective <p>The Fund seeks to provide long-term capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by identifying secular growth trends and investing in equity securities (i.e., common stocks, preferred stocks, depositary receipts, convertible securities and rights and warrants) of companies the Adviser believes will benefit from these trends. The Fund invests in companies with market capitalization of $1 billion and above.</p> <br/><p>In selecting individual securities for the Fund, the Adviser employs a bottom-up analysis, which involves a thorough review of a company's products and services, competitive positioning, balance sheet and financial stability. In addition, in selecting securities for the Fund, the Adviser attempts to identify and evaluate underlying growth drivers for each company and to arrive at a projected fair value for the company's equity securities.</p> <br/><p>As a result of the Fund's focus on secular growth trends, a significant portion of the Fund's assets may be invested in one or more sectors, including the information technology sector, industries and types of companies that the Adviser believes have significant growth opportunities and exhibit attractive long-term growth characteristics.</p> <br/><p>Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser&#8217;s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive</p> <br/><p>As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 26 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0075 0.0075 0.0075 0.0075 0.0025 0.0100 0.0050 0.0000 0.0036 0.0041 0.0238 0.0025 0.0136 0.0216 0.0363 0.0100 0.0000 0.0000 -0.0175 0.0000 0.0136 0.0216 0.0188 0.0100 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20009 column dei_LegalEntityAxis compact ck0000802716_S000046395Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20010 column dei_LegalEntityAxis compact ck0000802716_S000046395Member row primary compact * ~ Shareholder Fees (paid directly from your investment) Applies to shares sold within 12 months of purchase. 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 706 319 219 191 102 981 676 676 950 318 1277 1159 1159 1730 552 2116 2493 2493 3775 1225 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20011 column dei_LegalEntityAxis compact ck0000802716_S000046395Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20012 column dei_LegalEntityAxis compact ck0000802716_S000046395Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 123% of the average value of its portfolio.</p> 1.23 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, C, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Growth Opportunities Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Growth Opportunities Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.4562 0.7905 0.1963 -0.0483 0.1276 0.3225 0.1502 0.0334 0.0587 0.2882 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20013 column dei_LegalEntityAxis compact ck0000802716_S000046395Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144987Member row primary compact * ~ Highest Quarter 0.2720 2009-09-30 Lowest Quarter -0.2468 2008-12-31 year-to-date total return 0.0196 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 1.96%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">27.20% (quarter ended September 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-24.68% (quarter ended December 31, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.2882 0.1648 0.1036 0.2739 0.1507 0.0961 0.1750 0.1295 0.0837 0.2101 0.1472 0.0939 0.2634 0.1517 0.0918 0.2765 0.1563 0.0968 0.2959 0.1716 0.0993 0.3021 0.1733 0.1000 0.2183 0.1579 0.0850 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20014 column dei_LegalEntityAxis compact ck0000802716_S000046395Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Portfolio Turnover Risk</b> &#8211; Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.</li> <li style="padding-bottom: 6px;"> <b>Sector Risk </b>&#8211; To the extent the Fund focuses in one or more sectors, such as the information technology sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. For example, information technology companies tend to significantly rely on technological events or advances in their product development, production or operations and are particularly vulnerable to rapid changes in technological product cycles, government regulation and competition.</li> <li style="padding-bottom: 6px;"> <b>Smaller Capitalization Stock Risk </b>&#8211;<b> </b>Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Munder Small Cap Growth Fund MASCX MIGSX MYSGX Investment Objective <p>The Fund seeks to provide long-term capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues long-term capital appreciation in the Fund by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small capitalization companies. Small capitalization companies means those companies with market capitalizations within the range of companies included in the Russell 2000<sup>&#174; </sup>Growth Index ($11.7 million to $8.5 billion as of September 30, 2018).</p> <br/><p>The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.</p> <br/><p>The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded small capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell 2000<sup><sup>&#174;</sup> </sup>Growth Index.</p> <br/><p>Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser&#8217;s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 26 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0085 0.0085 0.0085 0.0025 0.0000 0.0000 0.0159 0.0046 0.0213 0.0269 0.0131 0.0298 -0.0129 -0.0016 -0.0173 0.0140 0.0115 0.0125 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20017 column dei_LegalEntityAxis compact ck0000802716_S000049194Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20018 column dei_LegalEntityAxis compact ck0000802716_S000049194Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 709 117 127 1247 399 758 1809 703 1415 3334 1565 3176 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20019 column dei_LegalEntityAxis compact ck0000802716_S000049194Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.</p> 0.62 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) 0.1143 0.2046 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20020 column dei_LegalEntityAxis compact ck0000802716_S000049194Member column rr_ProspectusShareClassAxis compact ck0000802716_C000155095Member row primary compact * ~ Highest Quarter 0.1231 2016-09-30 Lowest Quarter -0.0769 2016-03-31 year-to-date total return 0.2479 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 24.79%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">12.31% (quarter ended September 30, 2016)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-7.69% (quarter ended March 31, 2016)&#xa0;</td> </tr> </table> 0.2046 0.0778 0.2029 0.0772 0.1173 0.0601 0.1328 0.0522 0.2052 0.0788 0.2217 0.1021 2015-05-01 2015-05-01 2015-05-01 2015-05-01 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20021 column dei_LegalEntityAxis compact ck0000802716_S000049194Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Small Capitalization Stock Risk </b>&#8211; Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Integrity Discovery Fund MMEAX MMECX MMERX MMEYX Investment Objective <p>The Fund seeks to provide capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of micro-capitalization companies. Micro-capitalization companies are those companies with market capitalizations lower than the largest company in the bottom 75% (based on index weightings) of the Russell 2000<sup>&#174;</sup> Index, which as of September 30, 2018 included companies with market capitalizations below $3.4 billion.</p> <br/><p>The Fund focuses on undiscovered, small-sized companies in its attempt to provide investors with potentially higher returns than a fund that invests primarily in larger, more established companies. Since micro-capitalization companies are generally not as well known to investors and have less of an investor following than larger companies, the Adviser believes these inefficiencies in the marketplace may provide higher returns.</p> <br/><p>When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.</p> <br/><p>Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>From time to time, due to changes in sector weights of the benchmark index, the Fund's investments can be more focused in companies in one or more economic sectors, such as the financials sector.</p> <br/><p>The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser&#8217;s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 29 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0100 0.0100 0.0100 0.0100 0.0025 0.0100 0.0050 0.0000 0.0029 0.0032 0.0077 0.0028 0.0154 0.0232 0.0227 0.0128 0.0000 0.0000 -0.0019 0.0000 0.0154 0.0232 0.0208 0.0128 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20024 column dei_LegalEntityAxis compact ck0000802716_S000046401Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20025 column dei_LegalEntityAxis compact ck0000802716_S000046401Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. Applies to shares sold within 12 months of purchase. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 723 335 235 211 130 1033 724 724 691 406 1366 1240 1240 1198 702 2304 2656 2656 2591 1545 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20026 column dei_LegalEntityAxis compact ck0000802716_S000046401Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20027 column dei_LegalEntityAxis compact ck0000802716_S000046401Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 45% of the average value of its portfolio.</p> 0.45 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>Performance of Class A, C, R and Y shares reflects the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Micro-Cap Equity Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Micro-Cap Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.4446 0.3668 0.2850 -0.0117 0.2112 0.4480 0.0398 -0.0024 0.2934 0.1102 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20028 column dei_LegalEntityAxis compact ck0000802716_S000046401Member column rr_ProspectusShareClassAxis compact ck0000802716_C000145007Member row primary compact * ~ Highest Quarter 0.2930 2009-06-30 Lowest Quarter -0.2653 2008-12-31 year-to-date total return 0.0559 2018-09-30 <p>&#xa0;</p> <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 5.59%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">29.30% (quarter ended June 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-26.53% (quarter ended December 31, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.1102 0.1662 0.0968 0.0803 0.1425 0.0806 0.0774 0.1292 0.0757 0.0437 0.1496 0.0876 0.0897 0.1544 0.0858 0.1021 0.1587 0.0905 0.1109 0.1460 0.0789 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20029 column dei_LegalEntityAxis compact ck0000802716_S000046401Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Sector Risk </b>&#8211; To the extent the Fund focuses in one or more sectors, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.</li> <li style="padding-bottom: 6px;"> <b>Small Capitalization Stock Risk </b>&#8211; Smaller, less seasoned companies may lose market share or profits to a greater extent than larger, more established companies. Since micro-cap company stocks typically have narrower markets and are traded in lower volumes than larger company stocks, they may be more difficult to purchase and sell. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Integrity Mid-Cap Value Fund MAIMX MYIMX MRIMX Investment Objective <p>The Fund seeks to provide capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies.</p> <br/><p>Mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell Midcap<sup>&#174;</sup> Index ($603.6 million to $40.8 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.</p> <br/><p>The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.</p> <br/><p>From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 29 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0075 0.0075 0.0075 0.0025 0.0000 0.0000 0.0067 0.0042 0.0038 0.0167 0.0117 0.0113 -0.0067 -0.0057 -0.0038 0.0100 0.0060 0.0075 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20032 column dei_LegalEntityAxis compact ck0000802716_S000046397Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20033 column dei_LegalEntityAxis compact ck0000802716_S000046397Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 671 61 77 1010 315 321 1371 589 586 2385 1370 1341 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20034 column dei_LegalEntityAxis compact ck0000802716_S000046397Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 73% of the average value of its portfolio.</p> 0.73 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Mid-Cap Value Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) 0.1678 0.3686 0.1096 -0.0603 0.2035 0.1633 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20035 column dei_LegalEntityAxis compact ck0000802716_S000046397Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144992Member row primary compact * ~ Highest Quarter 0.1330 2013-03-31 Lowest Quarter -0.0952 2015-09-30 year-to-date total return 0.0325 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 3.25%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">13.30% (quarter ended March 31, 2013)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-9.52% (quarter ended September 30, 2015)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.1633 0.1485 0.1258 0.1510 0.1424 0.1211 0.1005 0.1185 0.1014 0.0941 0.1317 0.1126 0.1645 0.1894 0.1334 0.1468 0.1250 2011-07-05 2015-12-15 2011-07-05 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20036 column dei_LegalEntityAxis compact ck0000802716_S000046397Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Mid Capitalization Stock Risk</b> &#8211; Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.</li> <li style="padding-bottom: 6px;"> <b>Sector Risk </b>&#8211; To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Integrity Small-Cap Value Fund VSCVX MCVSX MRVSX MVSSX VSVIX Investment Objective <p>The Fund seeks to provide long-term capital growth.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small-capitalization companies. Small-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2000<sup>&#174;</sup> Index ($11.7 million to $8.5 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.</p> <br/><p>The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.</p> <br/><p>From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 29 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0000 0.0086 0.0086 0.0086 0.0086 0.0086 0.0025 0.0100 0.0050 0.0000 0.0000 0.0043 0.0027 0.0053 0.0009 0.0026 0.0154 0.0213 0.0189 0.0095 0.0112 -0.0004 0.0000 -0.0014 0.0000 0.0000 0.0150 0.0213 0.0175 0.0095 0.0112 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20039 column dei_LegalEntityAxis compact ck0000802716_S000046393Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20040 column dei_LegalEntityAxis compact ck0000802716_S000046393Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 719 316 216 178 97 114 1030 667 667 580 303 356 1363 1144 1144 1008 525 617 2301 2462 2462 2200 1166 1363 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20041 column dei_LegalEntityAxis compact ck0000802716_S000046393Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20042 column dei_LegalEntityAxis compact ck0000802716_S000046393Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 70% of the average value of its portfolio.</p> 0.70 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Veracity Small-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC) (&#8220;Munder Fund&#8221;). The Fund&#8217;s performance has not been restated to reflect any differences in the expenses of the Munder Fund. The historical performance for the Munder Fund&#8217;s Class A and Y shares in the bar chart and table below for the periods prior to May 14, 2011 is that of the Class R and I shares, respectively, of the Veracity Small Cap Value Fund (the predecessor to the Munder Fund) (&#8220;Veracity Fund&#8221;). The performance for Class A and Y shares have not been restated to reflect any difference in the expenses of the Veracity Fund&#8217;s Class R and I shares, respectively. The performance for Class C and R shares in the table below for the periods prior to May 14, 2011 is the performance and inception date of the Veracity Fund&#8217;s Class I shares adjusted for differences in the applicable sales loads and Rule 12b-1 fees of these classes.</p> Calendar Year Returns for Class A Shares (Applicable sales loads or account fees are not reflected in the bar chart. If these amounts were reflected, returns would be less than those shown.) -0.3126 0.3358 0.2945 -0.0291 0.1376 0.4065 0.0705 -0.0697 0.2390 0.1195 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20043 column dei_LegalEntityAxis compact ck0000802716_S000046393Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144977Member row primary compact * ~ Highest Quarter 0.2378 2009-06-30 Lowest Quarter -0.2193 2011-09-30 year-to-date total return 0.0191 2018-09-30 <p>The year-to-date total return of the Fund's Class A shares as of September 30, 2018 was 1.91%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">23.78% (quarter ended June 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-21.93% (quarter ended September 30, 2011)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.0552 0.1287 0.0917 0.0412 0.1248 0.0786 0.0429 0.1030 0.0685 0.1026 0.1340 0.0908 0.1170 0.1394 0.0958 0.1259 0.1475 0.1649 0.1235 0.1457 0.1013 0.0784 0.1301 0.0817 2012-06-04 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20044 column dei_LegalEntityAxis compact ck0000802716_S000046393Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Small Capitalization Stock Risk </b>&#8211; Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Sector Risk </b>&#8211; To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Integrity Small/Mid-Cap Value Fund MAISX MYISX MIRSX Investment Objective <p>The Fund seeks to provide capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small- to mid-capitalization companies. Small- to mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2500<sup>&#174;</sup> Index ($11.7 million to $29.9 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).</p> <br/><p>When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.</p> <br/><p>The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser&#8217;s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.</p> <br/><p>From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 29 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0080 0.0080 0.0080 0.0025 0.0000 0.0000 0.0069 0.0046 0.0033 0.0174 0.0126 0.0113 -0.0061 -0.0043 -0.0025 0.0113 0.0083 0.0088 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20047 column dei_LegalEntityAxis compact ck0000802716_S000046398Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20048 column dei_LegalEntityAxis compact ck0000802716_S000046398Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 684 85 90 1035 357 334 1411 650 598 2461 1485 1352 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20049 column dei_LegalEntityAxis compact ck0000802716_S000046398Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 77% of the average value of its portfolio.</p> 0.77 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Small/Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Small/Mid-Cap Value Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) 0.1518 0.3656 0.0568 -0.0876 0.2209 0.1838 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20050 column dei_LegalEntityAxis compact ck0000802716_S000046398Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144994Member row primary compact * ~ Highest Quarter 0.1365 2013-03-31 Lowest Quarter -0.1024 2015-09-30 year-to-date total return -0.0016 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -0.16%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">13.65% (quarter ended March 31, 2013)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-10.24% (quarter ended September 30, 2015)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.1838 0.1373 0.1144 0.1796 0.1318 0.1100 0.1075 0.1090 0.0916 0.1130 0.1214 0.1017 0.1847 0.0958 0.1036 0.1327 0.1125 2011-07-05 2015-03-04 2011-07-05 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20051 column dei_LegalEntityAxis compact ck0000802716_S000046398Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Sector Risk </b>&#8211; To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.</li> <li style="padding-bottom: 6px;"> <b>Smaller Capitalization Stock Risk </b>&#8211;<b> </b>Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Trivalent Emerging Markets Small-Cap Fund MAEMX MYEMX Investment Objective <p>The Fund seeks to provide long-term growth of capital.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies in emerging markets countries, which are developing countries in the early stages of adopting capitalism. Under normal circumstances, at least 80% of the Fund's assets will be in securities of small-capitalization companies that are tied economically to emerging markets countries.</p> <br/><p>In selecting emerging market small-capitalization investments for the Fund, the Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify companies exhibiting improving business momentum and attractive valuations. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI Emerging Markets Small Cap Index and the S&amp;P<sup>&#174;</sup> Emerging Plus SmallCap Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend. However, the Fund is not designed to replicate the performance of either of those indexes.</p> <br/><p>The Adviser considers emerging markets countries to be the countries represented in the MSCI Emerging Markets Small Cap Index and the S&amp;P<sup>&#174;</sup> Emerging Plus SmallCap Index. The Adviser considers any company with a market capitalization that is within the smallest 15% (based on market capitalization) of companies from each emerging markets country to be a small-capitalization company.</p> <br/><p>The MSCI Emerging Markets Small Cap Index is designed to measure equity market performance of 24 emerging markets and targets approximately 14% of each market's free-float adjusted market capitalization. The S&amp;P<sup>&#174;</sup> Emerging Plus SmallCap Index consists of the bottom 15% (based on market capitalization) of companies from each country represented in the S&amp;P<sup>&#174;</sup> Emerging BMI plus Korea. The S&amp;P<sup>&#174;</sup> Emerging BMI includes companies domiciled in over 20 emerging markets countries with float-adjusted market capitalizations of at least US$100 million and annual trading liquidity of at least US$50 million.</p> <br/><p>As of the date of this prospectus, emerging market countries include, without limitation, portions of Asia, Latin America, Eastern Europe, and the Middle East/Africa, such as Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, South Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates.</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser&#8217;s process, the security&#8217;s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.</p> <br/><p>As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 25 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0110 0.0110 0.0025 0.0000 0.0211 0.0192 0.0002 0.0002 0.0348 0.0304 -0.0173 -0.0154 0.0175 0.0150 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20054 column dei_LegalEntityAxis compact ck0000802716_S000046394Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20055 column dei_LegalEntityAxis compact ck0000802716_S000046394Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 743 153 1430 794 2139 1461 4007 3247 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20056 column dei_LegalEntityAxis compact ck0000802716_S000046394Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 93% of the average value of its portfolio.</p> 0.93 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund&#8217;s website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A and Y shares and table below reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Emerging Markets Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund&#8217;s performance has not yet been restated to reflect any differences in the expenses of the Munder Emerging Markets Small-Cap Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) 0.0178 -0.0626 0.0310 0.4302 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20057 column dei_LegalEntityAxis compact ck0000802716_S000046394Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144983Member row primary compact * ~ <p>(The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)</p> <br/> Highest Quarter 0.1489 2017-03-31 Lowest Quarter -0.1468 2015-09-30 year-to-date total return -0.1003 2018-09-30 <p><strong></strong>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -10.03%.</p> <p><strong>&#xa0;</strong></p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">14.89% (quarter ended March 31, 2017)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-14.68% (quarter ended September 30, 2015)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.4302 0.0984 0.4210 0.0961 0.2524 0.0784 0.3440 0.0812 0.3384 0.0670 0.3372 0.0729 2013-07-02 2013-07-02 2013-07-02 2013-07-02 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20058 column dei_LegalEntityAxis compact ck0000802716_S000046394Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Emerging Markets Risk </b>&#8211; The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.</li> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Portfolio Turnover Risk</b> &#8211; Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.</li> <li style="padding-bottom: 6px;"> <b>Small Capitalization Stock Risk </b>&#8211; Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Trivalent International Fund - Core Equity MAICX MICCX MICIX MICYX MAIRX Investment Objective <p>The Fund seeks to provide long-term growth of capital.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing primarily in securities of companies in countries represented in the MSCI ACWI ex USA Index, but may also invest in companies from other countries. Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities and rights and warrants).</p> <br/><p>The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI ACWI ex USA Index ("Index"), tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.</p> <br/><p>The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which may focus its exposure in one or more countries, regions or sectors. The Index captures large and mid-cap representation across 22 of 23 developed markets countries (excluding the US) and 24 emerging markets countries. The Index covers approximately 85% of the global equity opportunity set outside the US. The Fund normally invests in a minimum of ten countries.</p> <br/><p>There is no limit on the market capitalization in which the Fund may invest; therefore, the Fund's investments may include small-, mid- and large-capitalization companies.</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser&#8217;s process, the security&#8217;s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 25 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0000 0.0080 0.0080 0.0080 0.0080 0.0080 0.0025 0.0100 0.0000 0.0000 0.0000 0.0086 0.0181 0.0187 0.0091 0.0069 0.0002 0.0002 0.0002 0.0002 0.0002 0.0193 0.0363 0.0269 0.0173 0.0151 -0.0096 -0.0191 -0.0207 -0.0116 -0.0079 0.0097 0.0172 0.0062 0.0057 0.0072 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20061 column dei_LegalEntityAxis compact ck0000802716_S000046399Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20062 column dei_LegalEntityAxis compact ck0000802716_S000046399Member row primary compact * ~ Shareholder Fees (paid directly from your investment) Applies to shares sold within 12 months of purchase. 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 668 275 175 63 58 74 1058 935 935 638 432 400 1473 1716 1716 1239 830 749 2626 3764 3764 2869 1944 1734 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20063 column dei_LegalEntityAxis compact ck0000802716_S000046399Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20064 column dei_LegalEntityAxis compact ck0000802716_S000046399Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 51% of the average value of its portfolio.</p> 0.51 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, C, I and Y shares for periods ending on or before October 31, 2014 reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I and Y shares of the Munder International Fund &#8212; Core Equity, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Fund &#8212; Core Equity.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.4788 0.2197 0.0958 -0.1567 0.2308 0.2042 -0.0223 -0.0245 0.0287 0.2708 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20065 column dei_LegalEntityAxis compact ck0000802716_S000046399Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144998Member row primary compact * ~ Highest Quarter 0.2192 2009-06-30 Lowest Quarter -0.2395 2008-09-30 year-to-date total return -0.0346 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -3.46%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">21.92% (quarter ended June 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-23.95% (quarter ended September 30, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.2708 0.0847 0.0082 0.2510 0.0771 0.0027 0.1695 0.0672 0.0082 0.1955 0.0695 -0.0002 0.2483 0.0740 -0.0019 0.2726 0.0878 0.0109 0.2750 0.0730 0.2719 0.0680 0.0184 2015-03-04 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20066 column dei_LegalEntityAxis compact ck0000802716_S000046399Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Emerging Markets Risk </b>&#8211; The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.</li> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Smaller Capitalization Stock Risk </b>&#8211;<b> </b>Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory Trivalent International Small-Cap Fund MISAX MCISX MISIX MSSIX MYSIX Investment Objective <p>The Fund seeks to provide long-term growth of capital.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies principally in countries represented in the S&amp;P<sup>&#174;</sup> Developed ex-U.S. SmallCap Index ("Index").</p> <br/><p>Under normal circumstances, at least 80% of the Fund's assets will be invested in securities of small-capitalization companies. The Adviser considers any company with a market capitalization that is within such country's smallest 15% based on market capitalization to be a small-capitalization company.</p> <br/><p>The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.</p> <br/><p>The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which concentrates its exposure in one or more countries, regions or sectors. The Index consists of the stocks representing the lowest 15% of float-adjusted market capitalization in each country other than the U.S. represented in the S&amp;P<sup>&#174;</sup> Developed Broad Market Index (BMI). The S&amp;P<sup>&#174;</sup> Developed BMI includes all listed shares of companies from 24 developed countries with float-adjusted market capitalizations of at least US$100 million and annual trading value of at least US$50 million. The Fund normally invests in a minimum of ten countries.</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser&#8217;s process, the security&#8217;s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 25 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0000 0.0093 0.0093 0.0093 0.0093 0.0093 0.0025 0.0100 0.0000 0.0000 0.0000 0.0038 0.0043 0.0021 0.0015 0.0026 0.0004 0.0004 0.0004 0.0004 0.0004 0.0160 0.0240 0.0118 0.0112 0.0123 -0.0021 -0.0026 -0.0019 0.0000 -0.0009 0.0139 0.0214 0.0099 0.0112 0.0114 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20069 column dei_LegalEntityAxis compact ck0000802716_S000046400Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20070 column dei_LegalEntityAxis compact ck0000802716_S000046400Member row primary compact * ~ Shareholder Fees (paid directly from your investment) Applies to shares sold within 12 months of purchase. 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 708 317 217 101 114 116 1032 724 724 356 356 381 1377 1257 1257 631 617 667 2349 2717 2717 1415 1363 1481 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20071 column dei_LegalEntityAxis compact ck0000802716_S000046400Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20072 column dei_LegalEntityAxis compact ck0000802716_S000046400Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.</p> 0.62 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, C, I, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I, R6 and Y shares of the Munder International Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Small-Cap Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.5356 0.3708 0.2526 -0.1181 0.2407 0.3268 -0.0035 0.0800 -0.0075 0.3689 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20073 column dei_LegalEntityAxis compact ck0000802716_S000046400Member column rr_ProspectusShareClassAxis compact ck0000802716_C000145003Member row primary compact * ~ Highest Quarter 0.2725 2009-06-30 Lowest Quarter -0.2705 2008-09-30 year-to-date total return -0.0171 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.71%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">27.25% (quarter ended June 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-27.05% (quarter ended September 30, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.3689 0.1417 0.0540 0.3633 0.1380 0.0522 0.2134 0.1142 0.0440 0.2873 0.1255 0.0453 0.3457 0.1304 0.0436 0.3713 0.1435 0.0561 0.3696 0.1421 0.1717 0.3185 0.1169 0.0478 2012-06-04 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20074 column dei_LegalEntityAxis compact ck0000802716_S000046400Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk </b>&#8211; Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>Investment Style Risk</b> &#8211; Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund&#8217;s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk </b>&#8211; Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Small Capitalization Stock Risk </b>&#8211; Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory INCORE Total Return Bond Fund MUCAX MUCCX MUCYX MUCRX Investment Objective <p>The Fund seeks to provide a high level of current income.</p> <p>Its secondary objective is capital appreciation.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's investment objectives by investing, under normal circumstances, at least 80% of the Fund's assets in a broad range of bonds.</p> <br/><p>The Adviser uses bond market sector allocation, yield curve positioning, and comprehensive credit analysis to select securities for the Fund. Under normal market conditions, the average duration of the Fund's portfolio is expected to be between 3 and 7 years.</p> <br/><p>Bonds, also known as fixed income securities, in which the Fund may invest include without limitation: U.S. government securities, including securities issued by agencies or instrumentalities of the U.S. government; long- and short-term corporate debt obligations; mortgage-backed securities, including collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS); asset-backed securities, including collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs); convertible bonds and notes; and U.S. dollar-denominated obligations of foreign governments, corporations and banks (i.e., Yankee Bonds).</p> <br/><p>The bonds in which the Fund will invest will generally be rated investment grade or better (Baa3 and above by Moody's Investors Service, Inc. or BBB- and above by Standard &amp; Poor's), or if unrated, have been determined by the Adviser to be of comparable quality. The Fund may invest up to 20% of its total assets in below-investment grade debt securities, commonly known as "high yield" securities or "junk bonds."</p> <br/><p>The Fund may purchase or sell securities on a when-issued, to-be-announced (TBA), delayed delivery or forward commitment basis and may engage in short-term trading of portfolio securities. There is no limitation on the maturity of any specific security the Fund may purchase, and the Fund may sell any security before it matures. The Fund may also utilize dollar roll transactions to obtain market exposure to certain types of securities, particularly mortgage-backed securities.</p> <br/><p>The Fund may enter into exchange-traded or over-the-counter derivatives transactions of any kind, such as futures contracts (both long and short positions) and options on futures and swap contracts, including, for example, interest rate swaps and credit default swaps. The Fund also may enter into exchange-traded or over-the-counter foreign currency exchange transactions, including currency futures, forward, and options transactions. The Fund may enter into any of these transactions for a variety of purposes, including, but not limited to, hedging various risks such as credit risk, interest rate risk, currency risk, and liquidity risk; taking a net long or short position in certain investments or markets; providing liquidity in the Fund; equitizing cash; minimizing transaction costs; generating income; adjusting the Fund's sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation.</p> <br/><p>The Fund may invest in investment companies, including exchange-traded funds (ETFs), for cash management purposes or to seek exposure to a particular asset class.</p> <br/><p>Although the Fund will primarily be invested in domestic securities, up to 20% of the Fund's assets may be invested in foreign securities, which may be denominated in foreign currencies.</p> <br/><p>The Adviser regularly reviews the Fund&#8217;s investments and may sell investments when it believes they are no longer attractive due to valuation, changes in the fundamental outlook of the company or other investments are considered more attractive.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 16 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0200 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0040 0.0040 0.0040 0.0040 0.0025 0.0100 0.0000 0.0000 0.0046 0.0091 0.0022 0.0019 0.0111 0.0231 0.0062 0.0059 -0.0026 -0.0071 -0.0004 0.0000 0.0085 0.0160 0.0058 0.0059 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20077 column dei_LegalEntityAxis compact ck0000802716_S000046391Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20078 column dei_LegalEntityAxis compact ck0000802716_S000046391Member row primary compact * ~ Shareholder Fees (paid directly from your investment) Applies to shares sold within 12 months of purchase. 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. 2019-10-31 Example: <p>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:</p> 285 263 163 59 60 521 653 653 194 189 775 1171 1171 342 329 1502 2591 2591 770 738 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20079 column dei_LegalEntityAxis compact ck0000802716_S000046391Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleNoRedemptionTransposed20080 column dei_LegalEntityAxis compact ck0000802716_S000046391Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 110% of the average value of its portfolio.</p> 1.10 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>Performance of Class A, C and Y shares reflects the performance prior to October 31, 2014 of, respectively, the Class A, C and Y shares of the Munder Bond Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Bond Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) 0.0064 0.0916 0.0753 0.0655 0.0767 0.0026 0.0492 -0.0152 0.0366 0.0415 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20081 column dei_LegalEntityAxis compact ck0000802716_S000046391Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144971Member row primary compact * ~ Highest Quarter 0.0622 2009-09-30 Lowest Quarter -0.0255 2016-12-31 year-to-date total return -0.0180 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.80%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">6.22% (quarter ended September 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-2.55% (quarter ended December 31, 2016)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.0415 0.0226 0.0425 0.0261 0.0074 0.0268 0.0234 0.0102 0.0263 0.0184 0.0156 0.0377 0.0209 0.0125 0.0321 0.0416 0.0177 0.0354 0.0210 0.0401 2015-03-04 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20082 column dei_LegalEntityAxis compact ck0000802716_S000046391Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Credit Derivatives Risk</b> &#8211; Credit default swaps can create investment leverage and may create additional investment risks that may subject the Fund to greater volatility than investments in more traditional securities.</li> <li style="padding-bottom: 6px;"> <b>Debt Securities Risk</b> - The value of a debt security or other income-producing security changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.</li> <li style="padding-bottom: 6px;"> <b>Derivatives Risk</b> &#8211; Derivative instruments and strategies, including futures and selling securities short, may not perfectly replicate direct investment in the security. Derivatives also entail exposure to counterparty credit risk, the risk of mispricing or improper valuation, and the risk that small price movements can result in substantial gains or losses.</li> <li style="padding-bottom: 6px;"> <b>Foreign Securities Risk</b> &#8211; Foreign securities are subject to political, regulatory, and economic risks not present in domestic investments. In addition, when the Fund buys securities denominated in a foreign currency, there are special risks such as changes in currency exchange rates and the risk that a foreign government could regulate foreign exchange transactions. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.</li> <li style="padding-bottom: 6px;"> <b>High-Yield/Junk Bond Risk</b> &#8211; Lower-quality debt securities can involve a substantially greater risk of default than higher quality debt securities, and their values can decline significantly over short periods of time. Lower-quality debt securities tend to be more sensitive to adverse news about the issuer, or the market or economy in general.</li> <li style="padding-bottom: 6px;"> <b>Investment Company Risk</b> &#8211; An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.</li> <li style="padding-bottom: 6px;"> <b>Liquidity Risk</b> - Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgement of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Over recent years, the capacity of dealers to make markets in fixed income securities has been outpaced by the growth in the size of the fixed income markets. Liquidity risk may be magnified in a rising interest rate environment or when investor redemptions from fixed income funds may be higher than normal due to the increased supply in the market that would result from selling activity.</li> <li style="padding-bottom: 6px;"> <b>Management Risk</b> &#8211; The portfolio manager may not execute the Fund's principal investment strategy effectively.</li> <li style="padding-bottom: 6px;"> <b>Mortgage- and Asset-Backed Securities Risk</b> &#8211; During periods of falling interest rates, mortgage- and asset-backed securities may be called or prepaid, which may result in the Fund having to reinvest proceeds in other investments at a lower interest rate. During periods of rising interest rates, the average life of mortgage- and asset-backed securities may extend, which may lock in a below-market interest rate, increase the security's duration, and reduce the value of the security. Enforcing rights against the underlying assets or collateral may be difficult, or the underlying assets or collateral may be insufficient if the issuer defaults.</li> <li style="padding-bottom: 6px;"> <b>Mortgage Dollar Rolls Risk </b>&#8211; The market price of the mortgage-backed securities in a mortgage dollar roll transaction may drop below their future purchase price. In addition, investment in mortgage dollar rolls may significantly increase the Fund&#8217;s portfolio turnover rate. To the extent the Fund buys and sells securities actively, it could have higher expenses (which reduces returns to shareholders) and higher taxable distributions.</li> <li style="padding-bottom: 6px;"> <b>Portfolio Turnover Risk</b> &#8211; Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.</li> <li style="padding-bottom: 6px;"> <b>When-Issued, TBA and Delayed Delivery Risk</b> &#8211; The market value of a security issued on a when-issued, to-be-announced or delayed-delivery basis may change before the delivery date, which may adversely impact the Fund&#8217;s net asset value. There is also the risk that a party fails to deliver the security on time or at all.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Victory S&P 500 Index Fund MUXAX MUXRX MUXYX Investment Objective <p>The Fund seeks to provide performance and income that is comparable to the S&amp;P 500<sup>&#174;</sup> Index.</p> Principal Investment Strategy <p>The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies in the S&amp;P 500<sup>&#174;</sup> Index ("Index"). The Index is an unmanaged index of 500 common stocks selected by Standard &amp; Poor's as representative of a broad range of industries within the U.S. economy, including foreign securities. The Index is composed primarily of stocks issued by large-capitalization companies.</p> <br/><p>To replicate the performance of the Index, the Adviser purchases and maintains all or substantially all of the securities included in the Index, in approximately the same percentages as such securities are included in the Index. Because the Fund seeks to track the performance of the Index, the Adviser does not actively determine the stock selection or sector allocation. The percentage weighting of a particular security in the Index is determined by that security's relative total market capitalization, which is the market price per share of the security multiplied by the number of shares outstanding.</p> <br/><p>To track the Index as closely as possible, the Fund attempts to remain fully invested in stocks. The Fund normally invests at least 95% of its net assets in the stocks of companies included in the Index. The Adviser uses futures contracts to manage cash, accrued dividends and other non-performing assets in an effort to minimize performance disparity between the Fund and the Index.</p> Fund Fees and Expenses <p>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 immediate 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 in <i>Investing with the Victory Funds</i> on page 11 of the Fund's Prospectus, in <i>Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries </i>and from your Investment Professional. You may also find information about these discounts in <i>Additional Purchase, Exchange and Redemption Information</i> on page 42 of the Fund's Statement of Additional Information ("SAI").</p> 0.0250 0.0000 0.0000 0.0000 0.0000 0.0000 0.0020 0.0020 0.0020 0.0015 0.0050 0.0000 0.0020 0.0027 0.0019 0.0055 0.0097 0.0039 ~ http://VictoryFunds.com/20181024/role/ScheduleShareholderFees20085 column dei_LegalEntityAxis compact ck0000802716_S000046396Member row primary compact * ~ ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualFundOperatingExpenses20086 column dei_LegalEntityAxis compact ck0000802716_S000046396Member row primary compact * ~ Shareholder Fees (paid directly from your investment) 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 the section entitled Choosing a Share Class. 50000 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $50,000 in the Victory Funds. Example: <p>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:</p> 305 99 40 422 309 125 550 536 219 922 1190 493 ~ http://VictoryFunds.com/20181024/role/ScheduleExpenseExampleTransposed20087 column dei_LegalEntityAxis compact ck0000802716_S000046396Member row primary compact * ~ Portfolio Turnover: <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 2% of the average value of its portfolio.</p> 0.02 Investment Performance <p>The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.</p> <br/><p>Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.</p> <br/><p>The performance figures for Class A, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, R and Y shares of the Munder Index 500 Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any difference in the expenses of the Munder Index 500 Fund.</p> Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.) -0.3731 0.2643 0.1448 0.0154 0.1536 0.3172 0.1310 0.0095 0.1168 0.2129 ~ http://VictoryFunds.com/20181024/role/ScheduleAnnualTotalReturnsBarChart20088 column dei_LegalEntityAxis compact ck0000802716_S000046396Member column rr_ProspectusShareClassAxis compact ck0000802716_C000144990Member row primary compact * ~ Highest Quarter 0.1583 2009-06-30 Lowest Quarter -0.2212 2008-12-31 year-to-date total return 0.1028 2018-09-30 <p>The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 10.28%.</p> <p>&#xa0;</p> <table style="font: 9pt Arial, sans-serif;" border="0" width="400" cellspacing="0" cellpadding="5"> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Highest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">15.83% (quarter ended June 30, 2009)&#xa0;</td> </tr> <tr> <td style="font-weight: bold; text-align: left;" valign="top">Lowest Quarter&#xa0;</td> <td style="text-align: left;" valign="top">-22.12% (quarter ended December 31, 2008)&#xa0;</td> </tr> </table> <p>&#xa0;</p> 0.2129 0.1529 0.0803 0.1696 0.1254 0.0580 0.1558 0.1190 0.0611 0.1805 0.1451 0.0758 0.2057 0.1463 0.0745 0.2183 0.1579 0.0850 ~ http://VictoryFunds.com/20181024/role/ScheduleAverageAnnualReturnsTransposed20089 column dei_LegalEntityAxis compact ck0000802716_S000046396Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p>After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.</p> The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary. After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. The table compares the Fund&#8217;s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. Average Annual Total Returns (For the Periods Ended December 31, 2017) Index returns reflect no deduction for fees, expenses, or taxes. VictoryFunds.com Principal Risks <p>The Fund's investments are subject to the following principal risks:</p> <br/><ul style="list-style-type: square;"> <li style="padding-bottom: 6px;"> <b>Equity Risk</b> &#8211; The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.</li> <li style="padding-bottom: 6px;"> <b>Futures Contracts Risk </b>&#8211; The Fund's use of futures contracts exposes the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not be perfect substitutes for securities.</li> <li style="padding-bottom: 6px;"> <b>Passive Investment Risk/Index Risk </b>&#8211; The Fund is designed to track the Index and is not actively managed. The Fund will not buy or sell shares of an equity security due to current or projected performance of a security, industry or sector, unless that security is added to or removed, respectively, from the Index. The Fund does not, therefore, seek returns in excess of the Index, and does not attempt to take defensive positions or hedge against potential risks unless such defensive positions are also taken by the Index.</li> <li style="padding-bottom: 6px;"> <b>Stock Market Risk</b> &#8211; Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.</li> <li style="padding-bottom: 6px;"> <b>Tracking Risk </b>&#8211; The Fund's return may not match the return of the Index for a number of reasons, including: the Fund incurs operating expenses not applicable to the Index, and incurs costs in buying and selling securities; the Fund may not be fully invested at times; differences in the valuation of securities; and differences between the Fund's portfolio and the Index resulting from legal restrictions, cost or liquidity constraints.</li> </ul> <br/><p>You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</p> <br/><p>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.</p> You may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. 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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Jun. 30, 2018
Registrant Name VICTORY PORTFOLIOS
Central Index Key 0000802716
Amendment Flag false
Document Creation Date Oct. 24, 2018
Document Effective Date Nov. 01, 2018
Prospectus Date Nov. 01, 2018
Victory Munder Mid-Cap Core Growth Fund | Class A  
Prospectus:  
Trading Symbol MGOAX
Victory Munder Mid-Cap Core Growth Fund | Class C  
Prospectus:  
Trading Symbol MGOTX
Victory Munder Mid-Cap Core Growth Fund | Class R  
Prospectus:  
Trading Symbol MMSRX
Victory Munder Mid-Cap Core Growth Fund | Class R6  
Prospectus:  
Trading Symbol MGOSX
Victory Munder Mid-Cap Core Growth Fund | Class Y  
Prospectus:  
Trading Symbol MGOYX
Victory Munder Multi-Cap Fund | Class A  
Prospectus:  
Trading Symbol MNNAX
Victory Munder Multi-Cap Fund | Class C  
Prospectus:  
Trading Symbol MNNCX
Victory Munder Multi-Cap Fund | Class R  
Prospectus:  
Trading Symbol MNNRX
Victory Munder Multi-Cap Fund | Class Y  
Prospectus:  
Trading Symbol MNNYX
Victory Munder Small Cap Growth Fund | Class A  
Prospectus:  
Trading Symbol MASCX
Victory Munder Small Cap Growth Fund | Class I  
Prospectus:  
Trading Symbol MIGSX
Victory Munder Small Cap Growth Fund | Class Y  
Prospectus:  
Trading Symbol MYSGX
Victory Integrity Discovery Fund | Class A  
Prospectus:  
Trading Symbol MMEAX
Victory Integrity Discovery Fund | Class C  
Prospectus:  
Trading Symbol MMECX
Victory Integrity Discovery Fund | Class R  
Prospectus:  
Trading Symbol MMERX
Victory Integrity Discovery Fund | Class Y  
Prospectus:  
Trading Symbol MMEYX
Victory Integrity Mid-Cap Value Fund | Class A  
Prospectus:  
Trading Symbol MAIMX
Victory Integrity Mid-Cap Value Fund | Class Y  
Prospectus:  
Trading Symbol MYIMX
Victory Integrity Mid-Cap Value Fund | Class R6  
Prospectus:  
Trading Symbol MRIMX
Victory Integrity Small-Cap Value Fund | Class A  
Prospectus:  
Trading Symbol VSCVX
Victory Integrity Small-Cap Value Fund | Class C  
Prospectus:  
Trading Symbol MCVSX
Victory Integrity Small-Cap Value Fund | Class R  
Prospectus:  
Trading Symbol MRVSX
Victory Integrity Small-Cap Value Fund | Class R6  
Prospectus:  
Trading Symbol MVSSX
Victory Integrity Small-Cap Value Fund | Class Y  
Prospectus:  
Trading Symbol VSVIX
Victory Integrity Small/Mid-Cap Value Fund | Class A  
Prospectus:  
Trading Symbol MAISX
Victory Integrity Small/Mid-Cap Value Fund | Class Y  
Prospectus:  
Trading Symbol MYISX
Victory Integrity Small/Mid-Cap Value Fund | Class R6  
Prospectus:  
Trading Symbol MIRSX
Victory Trivalent Emerging Markets Small-Cap Fund | Class A  
Prospectus:  
Trading Symbol MAEMX
Victory Trivalent Emerging Markets Small-Cap Fund | Class Y  
Prospectus:  
Trading Symbol MYEMX
Victory Trivalent International Fund - Core Equity | Class A  
Prospectus:  
Trading Symbol MAICX
Victory Trivalent International Fund - Core Equity | Class C  
Prospectus:  
Trading Symbol MICCX
Victory Trivalent International Fund - Core Equity | Class I  
Prospectus:  
Trading Symbol MICIX
Victory Trivalent International Fund - Core Equity | Class Y  
Prospectus:  
Trading Symbol MICYX
Victory Trivalent International Fund - Core Equity | Class R6  
Prospectus:  
Trading Symbol MAIRX
Victory Trivalent International Small-Cap Fund | Class A  
Prospectus:  
Trading Symbol MISAX
Victory Trivalent International Small-Cap Fund | Class C  
Prospectus:  
Trading Symbol MCISX
Victory Trivalent International Small-Cap Fund | Class I  
Prospectus:  
Trading Symbol MISIX
Victory Trivalent International Small-Cap Fund | Class R6  
Prospectus:  
Trading Symbol MSSIX
Victory Trivalent International Small-Cap Fund | Class Y  
Prospectus:  
Trading Symbol MYSIX
Victory INCORE Total Return Bond Fund | Class A  
Prospectus:  
Trading Symbol MUCAX
Victory INCORE Total Return Bond Fund | Class C  
Prospectus:  
Trading Symbol MUCCX
Victory INCORE Total Return Bond Fund | Class Y  
Prospectus:  
Trading Symbol MUCYX
Victory INCORE Total Return Bond Fund | Class R6  
Prospectus:  
Trading Symbol MUCRX
Victory S&P 500 Index Fund | Class A  
Prospectus:  
Trading Symbol MUXAX
Victory S&P 500 Index Fund | Class R  
Prospectus:  
Trading Symbol MUXRX
Victory S&P 500 Index Fund | Class Y  
Prospectus:  
Trading Symbol MUXYX
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Victory Munder Mid-Cap Core Growth Fund
Victory Munder Mid-Cap Core Growth Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Munder Mid-Cap Core Growth Fund
Class A
Class C
Class R
Class R6
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 the section entitled Choosing a Share Class.
[2] Applies 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 Munder Mid-Cap Core Growth Fund
Class A
Class C
Class R
Class R6
Class Y
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution (12b-1) Fees 0.25% 1.00% 0.50% none none
Other Expenses 0.28% 0.21% 0.40% 0.09% 0.26%
Total Fund Operating Expenses 1.28% 1.96% 1.65% 0.84% 1.01%
Fee Waiver/Expense Reimbursement [1] none none (0.08%) none none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.28% 1.96% 1.57% 0.84% 1.01%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.32% and 1.57% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Munder Mid-Cap Core Growth Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 698 958 1,237 2,031
Class C 299 615 1,057 2,285
Class R 160 513 889 1,948
Class R6 86 268 466 1,037
Class Y 103 322 558 1,236
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Munder Mid-Cap Core Growth Fund | Class C | USD ($) 199 615 1,057 2,285
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 50% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies. Mid-capitalization companies means those companies with market capitalizations within the range of companies included in the S&P MidCap 400® Index ($177.7 million to $15.6 billion as of September 30, 2018) or within the range of companies included in the Russell Midcap® Index ($603.6 million to $40.8 billion as of September 30, 2018).


The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.


The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded mid-capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell Midcap® Index.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mid Capitalization Stock Risk – Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Mid-Cap Core Growth Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Mid-Cap Core Growth Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 4.34%.

 

Highest Quarter  16.48% (quarter ended September 30, 2009) 
Lowest Quarter  -25.26% (quarter ended December 31, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Munder Mid-Cap Core Growth Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class Y 24.50% 13.50% 7.40%  
Class A 17.04% 11.87% 6.50%  
Class C 22.34% 12.42% 6.36%  
Class R 23.85% 12.92% 6.87%  
Class R6 24.73% 13.71% 14.72% [1] Jun. 04, 2012
After Taxes on Distributions | Class Y 19.62% 10.83% 6.13%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 17.75% 10.50% 5.86%  
Russell Midcap® Index Index returns reflect no deduction for fees, expenses, or taxes. 18.52% 14.96% 9.11%  
Russell Midcap® Growth Index Index returns reflect no deduction for fees, expenses, or taxes. 25.27% 15.30% 9.10%  
[1] Inception date of Class R6 is June 4, 2012.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 11 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Munder Mid-Cap Core Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Munder Mid-Cap Core Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 50% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 50.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies. Mid-capitalization companies means those companies with market capitalizations within the range of companies included in the S&P MidCap 400® Index ($177.7 million to $15.6 billion as of September 30, 2018) or within the range of companies included in the Russell Midcap® Index ($603.6 million to $40.8 billion as of September 30, 2018).


The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.


The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded mid-capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell Midcap® Index.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mid Capitalization Stock Risk – Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Mid-Cap Core Growth Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Mid-Cap Core Growth Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 4.34%.

 

Highest Quarter  16.48% (quarter ended September 30, 2009) 
Lowest Quarter  -25.26% (quarter ended December 31, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 4.34%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.48%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.26%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Munder Mid-Cap Core Growth Fund | Russell Midcap® Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.52%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.96%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.11%
Victory Munder Mid-Cap Core Growth Fund | Russell Midcap® Growth Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 25.27%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.30%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.10%
Victory Munder Mid-Cap Core Growth Fund | Class A  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.28%
Total Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.28% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 698
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 958
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,237
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,031
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.04%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.87%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.50%
Victory Munder Mid-Cap Core Growth Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.21%
Total Fund Operating Expenses rr_ExpensesOverAssets 1.96%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.96% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 299
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 615
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,057
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,285
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 199
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 615
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,057
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,285
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 22.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.42%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.36%
Victory Munder Mid-Cap Core Growth Fund | Class R  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.40%
Total Fund Operating Expenses rr_ExpensesOverAssets 1.65%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.08%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.57% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 160
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 513
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 889
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,948
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 23.85%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.92%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.87%
Victory Munder Mid-Cap Core Growth Fund | Class R6  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Fund Operating Expenses rr_ExpensesOverAssets 0.84%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.84% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 86
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 268
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 466
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,037
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 24.73%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.71%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 14.72% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 04, 2012
Victory Munder Mid-Cap Core Growth Fund | Class Y  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.26%
Total Fund Operating Expenses rr_ExpensesOverAssets 1.01%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.01% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 103
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 322
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 558
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,236
Annual Return 2008 rr_AnnualReturn2008 (43.45%)
Annual Return 2009 rr_AnnualReturn2009 32.80%
Annual Return 2010 rr_AnnualReturn2010 25.48%
Annual Return 2011 rr_AnnualReturn2011 (0.77%)
Annual Return 2012 rr_AnnualReturn2012 16.01%
Annual Return 2013 rr_AnnualReturn2013 33.72%
Annual Return 2014 rr_AnnualReturn2014 10.17%
Annual Return 2015 rr_AnnualReturn2015 (4.36%)
Annual Return 2016 rr_AnnualReturn2016 7.37%
Annual Return 2017 rr_AnnualReturn2017 24.50%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 24.50%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.50%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.40%
Victory Munder Mid-Cap Core Growth Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 19.62%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.83%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.13%
Victory Munder Mid-Cap Core Growth Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.75%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.50%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.86%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.32% and 1.57% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
[4] Inception date of Class R6 is June 4, 2012.
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Victory Munder Multi-Cap Fund
Victory Munder Multi-Cap Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Munder Multi-Cap Fund
Class A
Class C
Class R
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% 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
[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 the section entitled Choosing a Share Class.
[2] Applies 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 Munder Multi-Cap Fund
Class A
Class C
Class R
Class Y
Management Fees 0.75% 0.75% 0.75% 0.75%
Distribution (12b-1) Fees 0.25% 1.00% 0.50% none
Other Expenses 0.36% 0.41% 2.38% 0.25%
Total Annual Fund Operating Expenses 1.36% 2.16% 3.63% 1.00%
Fee Waiver/Expense Reimbursement [1] none none (1.75%) none
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement [1] 1.36% 2.16% 1.88% 1.00%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.88% of the Fund's Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Munder Multi-Cap Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 706 981 1,277 2,116
Class C 319 676 1,159 2,493
Class R 191 950 1,730 3,775
Class Y 102 318 552 1,225
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Munder Multi-Cap Fund | Class C | USD ($) 219 676 1,159 2,493
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 123% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by identifying secular growth trends and investing in equity securities (i.e., common stocks, preferred stocks, depositary receipts, convertible securities and rights and warrants) of companies the Adviser believes will benefit from these trends. The Fund invests in companies with market capitalization of $1 billion and above.


In selecting individual securities for the Fund, the Adviser employs a bottom-up analysis, which involves a thorough review of a company's products and services, competitive positioning, balance sheet and financial stability. In addition, in selecting securities for the Fund, the Adviser attempts to identify and evaluate underlying growth drivers for each company and to arrive at a projected fair value for the company's equity securities.


As a result of the Fund's focus on secular growth trends, a significant portion of the Fund's assets may be invested in one or more sectors, including the information technology sector, industries and types of companies that the Adviser believes have significant growth opportunities and exhibit attractive long-term growth characteristics.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive


As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • Sector Risk – To the extent the Fund focuses in one or more sectors, such as the information technology sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. For example, information technology companies tend to significantly rely on technological events or advances in their product development, production or operations and are particularly vulnerable to rapid changes in technological product cycles, government regulation and competition.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Growth Opportunities Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Growth Opportunities Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 1.96%.

 

Highest Quarter  27.20% (quarter ended September 30, 2009) 
Lowest Quarter  -24.68% (quarter ended December 31, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Munder Multi-Cap Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class Y 28.82% 16.48% 10.36%
Class A 21.01% 14.72% 9.39%
Class C 26.34% 15.17% 9.18%
Class R 27.65% 15.63% 9.68%
After Taxes on Distributions | Class Y 27.39% 15.07% 9.61%
After Taxes on Distributions and Sale of Fund Shares | Class Y 17.50% 12.95% 8.37%
Russell 3000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes. 29.59% 17.16% 9.93%
Russell 1000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes. 30.21% 17.33% 10.00%
S&P 500® Index Index returns reflect no deductions for fees, expenses, or taxes. 21.83% 15.79% 8.50%

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 14 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Munder Multi-Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Munder Multi-Cap Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 123% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 123.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by identifying secular growth trends and investing in equity securities (i.e., common stocks, preferred stocks, depositary receipts, convertible securities and rights and warrants) of companies the Adviser believes will benefit from these trends. The Fund invests in companies with market capitalization of $1 billion and above.


In selecting individual securities for the Fund, the Adviser employs a bottom-up analysis, which involves a thorough review of a company's products and services, competitive positioning, balance sheet and financial stability. In addition, in selecting securities for the Fund, the Adviser attempts to identify and evaluate underlying growth drivers for each company and to arrive at a projected fair value for the company's equity securities.


As a result of the Fund's focus on secular growth trends, a significant portion of the Fund's assets may be invested in one or more sectors, including the information technology sector, industries and types of companies that the Adviser believes have significant growth opportunities and exhibit attractive long-term growth characteristics.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive


As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • Sector Risk – To the extent the Fund focuses in one or more sectors, such as the information technology sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. For example, information technology companies tend to significantly rely on technological events or advances in their product development, production or operations and are particularly vulnerable to rapid changes in technological product cycles, government regulation and competition.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Growth Opportunities Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Growth Opportunities Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 1.96%.

 

Highest Quarter  27.20% (quarter ended September 30, 2009) 
Lowest Quarter  -24.68% (quarter ended December 31, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 1.96%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 27.20%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.68%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Munder Multi-Cap Fund | Russell 3000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 29.59%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 17.16%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.93%
Victory Munder Multi-Cap Fund | Russell 1000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 30.21%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 17.33%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 10.00%
Victory Munder Multi-Cap Fund | S&P 500® Index Index returns reflect no deductions for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 21.83%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.79%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.50%
Victory Munder Multi-Cap Fund | Class A  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.36%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.36%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.36% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 706
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 981
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,277
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,116
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 21.01%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.72%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.39%
Victory Munder Multi-Cap Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.41%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.16%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 2.16% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 319
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 676
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,159
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,493
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 219
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 676
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,159
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,493
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 26.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.17%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.18%
Victory Munder Multi-Cap Fund | Class R  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 2.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.63%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.75%) [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.88% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 191
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 950
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,730
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,775
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.65%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.63%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.68%
Victory Munder Multi-Cap Fund | Class Y  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.25%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.00%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.00% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 318
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 552
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,225
Annual Return 2008 rr_AnnualReturn2008 (45.62%)
Annual Return 2009 rr_AnnualReturn2009 79.05%
Annual Return 2010 rr_AnnualReturn2010 19.63%
Annual Return 2011 rr_AnnualReturn2011 (4.83%)
Annual Return 2012 rr_AnnualReturn2012 12.76%
Annual Return 2013 rr_AnnualReturn2013 32.25%
Annual Return 2014 rr_AnnualReturn2014 15.02%
Annual Return 2015 rr_AnnualReturn2015 3.34%
Annual Return 2016 rr_AnnualReturn2016 5.87%
Annual Return 2017 rr_AnnualReturn2017 28.82%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 28.82%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 16.48%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 10.36%
Victory Munder Multi-Cap Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.39%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.07%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.61%
Victory Munder Multi-Cap Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.50%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.95%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.37%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.88% of the Fund's Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
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Victory Munder Small Cap Growth Fund
Victory Munder Small Cap Growth Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Munder Small Cap Growth Fund
Class A
Class I
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) none [1] 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 the section entitled Choosing a Share Class.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Victory Munder Small Cap Growth Fund
Class A
Class I
Class Y
Management Fees 0.85% 0.85% 0.85%
Distribution (12b-1) Fees 0.25% none none
Other Expenses 1.59% 0.46% 2.13%
Total Annual Fund Operating Expenses 2.69% 1.31% 2.98%
Fee Waiver/Expense Reimbursement [1] (1.29%) (0.16%) (1.73%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.40% 1.15% 1.25%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.40%, 1.15% and 1.25% of the Fund's Class A, Class I and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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. 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:

Expense Example - Victory Munder Small Cap Growth Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 709 1,247 1,809 3,334
Class I 117 399 703 1,565
Class Y 127 758 1,415 3,176
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues long-term capital appreciation in the Fund by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small capitalization companies. Small capitalization companies means those companies with market capitalizations within the range of companies included in the Russell 2000® Growth Index ($11.7 million to $8.5 billion as of September 30, 2018).


The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.


The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded small capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell 2000® Growth Index.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 24.79%.

 

Highest Quarter  12.31% (quarter ended September 30, 2016) 
Lowest Quarter  -7.69% (quarter ended March 31, 2016) 
Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Munder Small Cap Growth Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
[1]
Average Annual Returns, Inception Date
Class Y 20.46% 7.78% May 01, 2015
Class A 13.28% 5.22% May 01, 2015
Class I 20.52% 7.88% May 01, 2015
After Taxes on Distributions | Class Y 20.29% 7.72%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 11.73% 6.01%  
Russell 2000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes. 22.17% 10.21% May 01, 2015
[1] The inception date of the Fund is May 1, 2015.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 17 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Munder Small Cap Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Munder Small Cap Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 26 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 62.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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. 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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues long-term capital appreciation in the Fund by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small capitalization companies. Small capitalization companies means those companies with market capitalizations within the range of companies included in the Russell 2000® Growth Index ($11.7 million to $8.5 billion as of September 30, 2018).


The Fund's investment style, which focuses on both growth prospects and valuation, is known as GARP (Growth at a Reasonable Price). This blended process seeks to perform better than either a pure growth or pure value approach over a complete market cycle.


The Adviser chooses the Fund's investments by reviewing the earnings growth of all publicly traded small capitalization companies over the past three years and selecting from those companies primarily based on: above-average, consistent earnings growth; financial stability; relative valuation; strength of industry position and management team; and price changes compared to the Russell 2000® Growth Index.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


The Adviser regularly reviews the Fund’s investments and will sell a security when the Adviser believes the security is no longer attractive due to (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) price appreciation, (3) a change in the fundamental outlook of the company or (4) other available investments are considered to be more attractive

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 24.79%.

 

Highest Quarter  12.31% (quarter ended September 30, 2016) 
Lowest Quarter  -7.69% (quarter ended March 31, 2016) 
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 24.79%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.31%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2016
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.69%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Munder Small Cap Growth Fund | Russell 2000® Growth Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 22.17%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.21% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2015
Victory Munder Small Cap Growth Fund | Class A  
Risk/Return: 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 [2]
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.59%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.69%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.29%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.40% [3]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 709
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,247
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,809
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,334
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 13.28%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.22% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2015
Victory Munder Small Cap Growth Fund | Class I  
Risk/Return: 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 0.85%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.46%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.16%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.15% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 117
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 399
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 703
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,565
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 20.52%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 7.88% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2015
Victory Munder Small Cap Growth Fund | Class Y  
Risk/Return: 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 0.85%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.13%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.98%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.73%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.25% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 758
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,415
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,176
Annual Return 2016 rr_AnnualReturn2016 11.43%
Annual Return 2017 rr_AnnualReturn2017 20.46%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 20.46%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 7.78% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2015
Victory Munder Small Cap Growth Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 20.29%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 7.72% [1]
Victory Munder Small Cap Growth Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.73%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.01% [1]
[1] The inception date of the Fund is May 1, 2015.
[2] 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 the section entitled Choosing a Share Class.
[3] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.40%, 1.15% and 1.25% of the Fund's Class A, Class I and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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Victory Integrity Discovery Fund
Victory Integrity Discovery Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Integrity Discovery Fund
Class A
Class C
Class R
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% 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
[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 the section entitled Choosing a Share Class.
[2] Applies 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 Integrity Discovery Fund
Class A
Class C
Class R
Class Y
Management Fees 1.00% 1.00% 1.00% 1.00%
Distribution (12b-1) Fees 0.25% 1.00% 0.50% none
Other Expenses 0.29% 0.32% 0.77% 0.28%
Total Annual Fund Operating Expenses 1.54% 2.32% 2.27% 1.28%
Fee Waiver/Expense Reimbursement none none (0.19%) none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.54% 2.32% 2.08% 1.28%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 2.08% of Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Integrity Discovery Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 723 1,033 1,366 2,304
Class C 335 724 1,240 2,656
Class R 211 691 1,198 2,591
Class Y 130 406 702 1,545
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Integrity Discovery Fund | Class C | USD ($) 235 724 1,240 2,656
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 45% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of micro-capitalization companies. Micro-capitalization companies are those companies with market capitalizations lower than the largest company in the bottom 75% (based on index weightings) of the Russell 2000® Index, which as of September 30, 2018 included companies with market capitalizations below $3.4 billion.


The Fund focuses on undiscovered, small-sized companies in its attempt to provide investors with potentially higher returns than a fund that invests primarily in larger, more established companies. Since micro-capitalization companies are generally not as well known to investors and have less of an investor following than larger companies, the Adviser believes these inefficiencies in the marketplace may provide higher returns.


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


From time to time, due to changes in sector weights of the benchmark index, the Fund's investments can be more focused in companies in one or more economic sectors, such as the financials sector.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Sector Risk – To the extent the Fund focuses in one or more sectors, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Small Capitalization Stock Risk – Smaller, less seasoned companies may lose market share or profits to a greater extent than larger, more established companies. Since micro-cap company stocks typically have narrower markets and are traded in lower volumes than larger company stocks, they may be more difficult to purchase and sell. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


Performance of Class A, C, R and Y shares reflects the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Micro-Cap Equity Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Micro-Cap Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

 

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 5.59%.

 

Highest Quarter  29.30% (quarter ended June 30, 2009) 
Lowest Quarter  -26.53% (quarter ended December 31, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Integrity Discovery Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class Y 11.02% 16.62% 9.68%
Class A 4.37% 14.96% 8.76%
Class C 8.97% 15.44% 8.58%
Class R 10.21% 15.87% 9.05%
After Taxes on Distributions | Class Y 8.03% 14.25% 8.06%
After Taxes on Distributions and Sale of Fund Shares | Class Y 7.74% 12.92% 7.57%
Russell Microcap® Value Index Index returns reflect no deduction for fees, expenses, or taxes. 11.09% 14.60% 7.89%

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 20 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Integrity Discovery Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Integrity Discovery Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 45% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 45.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of micro-capitalization companies. Micro-capitalization companies are those companies with market capitalizations lower than the largest company in the bottom 75% (based on index weightings) of the Russell 2000® Index, which as of September 30, 2018 included companies with market capitalizations below $3.4 billion.


The Fund focuses on undiscovered, small-sized companies in its attempt to provide investors with potentially higher returns than a fund that invests primarily in larger, more established companies. Since micro-capitalization companies are generally not as well known to investors and have less of an investor following than larger companies, the Adviser believes these inefficiencies in the marketplace may provide higher returns.


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


Although the Fund will be invested primarily in domestic securities, up to 25% of the Fund's assets may be invested in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


From time to time, due to changes in sector weights of the benchmark index, the Fund's investments can be more focused in companies in one or more economic sectors, such as the financials sector.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Sector Risk – To the extent the Fund focuses in one or more sectors, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Small Capitalization Stock Risk – Smaller, less seasoned companies may lose market share or profits to a greater extent than larger, more established companies. Since micro-cap company stocks typically have narrower markets and are traded in lower volumes than larger company stocks, they may be more difficult to purchase and sell. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


Performance of Class A, C, R and Y shares reflects the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R and Y shares of the Munder Micro-Cap Equity Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Micro-Cap Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 5.59%.

 

Highest Quarter  29.30% (quarter ended June 30, 2009) 
Lowest Quarter  -26.53% (quarter ended December 31, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.59%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 29.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (26.53%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Integrity Discovery Fund | Russell Microcap® Value Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.09%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.60%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.89%
Victory Integrity Discovery Fund | Class A  
Risk/Return: 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 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.54%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.54% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 723
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,033
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,366
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,304
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.37%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.96%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.76%
Victory Integrity Discovery Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.32%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.32%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.32% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 335
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 724
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,240
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,656
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 235
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 724
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,240
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,656
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.97%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.44%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.58%
Victory Integrity Discovery Fund | Class R  
Risk/Return: 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 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.77%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.27%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.19%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.08% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 211
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 691
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,198
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,591
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.21%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.87%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.05%
Victory Integrity Discovery Fund | Class Y  
Risk/Return: 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 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.28%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.28% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 130
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 406
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 702
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,545
Annual Return 2008 rr_AnnualReturn2008 (44.46%)
Annual Return 2009 rr_AnnualReturn2009 36.68%
Annual Return 2010 rr_AnnualReturn2010 28.50%
Annual Return 2011 rr_AnnualReturn2011 (1.17%)
Annual Return 2012 rr_AnnualReturn2012 21.12%
Annual Return 2013 rr_AnnualReturn2013 44.80%
Annual Return 2014 rr_AnnualReturn2014 3.98%
Annual Return 2015 rr_AnnualReturn2015 (0.24%)
Annual Return 2016 rr_AnnualReturn2016 29.34%
Annual Return 2017 rr_AnnualReturn2017 11.02%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.02%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 16.62%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.68%
Victory Integrity Discovery Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.03%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.25%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.06%
Victory Integrity Discovery Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.74%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.92%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.57%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 2.08% of Class R shares through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
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Victory Integrity Mid-Cap Value Fund
Victory Integrity Mid-Cap Value Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Integrity Mid-Cap Value Fund
Class A
Class R6
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) none [1] 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 the section entitled Choosing a Share Class.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Victory Integrity Mid-Cap Value Fund
Class A
Class R6
Class Y
Management Fees 0.75% 0.75% 0.75%
Distribution (12b-1) Fees 0.25% none none
Other Expenses 0.67% 0.42% 0.38%
Total Annual Fund Operating Expenses 1.67% 1.17% 1.13%
Fee Waiver/Expense Reimbursement [1] (0.67%) (0.57%) (0.38%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.00% 0.60% 0.75%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.00%, 0.60% and 0.75% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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. 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:

Expense Example - Victory Integrity Mid-Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 671 1,010 1,371 2,385
Class R6 61 315 589 1,370
Class Y 77 321 586 1,341
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 73% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies.


Mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell Midcap® Index ($603.6 million to $40.8 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mid Capitalization Stock Risk – Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Mid-Cap Value Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 3.25%.

 

Highest Quarter  13.30% (quarter ended March 31, 2013) 
Lowest Quarter  -9.52% (quarter ended September 30, 2015) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Integrity Mid-Cap Value Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
[1]
Average Annual Returns, Inception Date
Class Y 16.33% 14.85% 12.58% Jul. 05, 2011
Class A 9.41% 13.17% 11.26% Jul. 05, 2011
Class R6 16.45% 18.94% [2] Dec. 15, 2015
After Taxes on Distributions | Class Y 15.10% 14.24% 12.11%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 10.05% 11.85% 10.14%  
Russell Midcap® Value Index returns reflect no deduction for fees, expenses, or taxes. 13.34% 14.68% 12.50%  
[1] Inception date of Class A and Y Shares is July 5, 2011.
[2] Inception date of Class R6 is December 15, 2015.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 23 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Integrity Mid-Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Integrity Mid-Cap Value Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 73% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 73.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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. 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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of mid-capitalization companies.


Mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell Midcap® Index ($603.6 million to $40.8 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mid Capitalization Stock Risk – Mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Mid-Cap Value Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 3.25%.

 

Highest Quarter  13.30% (quarter ended March 31, 2013) 
Lowest Quarter  -9.52% (quarter ended September 30, 2015) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.25%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2013
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.52%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Integrity Mid-Cap Value Fund | Russell Midcap® Value Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 13.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.68%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 12.50% [1]
Victory Integrity Mid-Cap Value Fund | Class A  
Risk/Return: 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 [2]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.67%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.67%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.67%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.00% [3]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 671
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,010
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,371
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,385
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.41%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.17%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 11.26% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 05, 2011
Victory Integrity Mid-Cap Value Fund | Class R6  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.42%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.57%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.60% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 61
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 589
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,370
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.45%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 18.94% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 2015
Victory Integrity Mid-Cap Value Fund | Class Y  
Risk/Return: 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 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.38%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.75% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 77
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 321
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 586
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,341
Annual Return 2012 rr_AnnualReturn2012 16.78%
Annual Return 2013 rr_AnnualReturn2013 36.86%
Annual Return 2014 rr_AnnualReturn2014 10.96%
Annual Return 2015 rr_AnnualReturn2015 (6.03%)
Annual Return 2016 rr_AnnualReturn2016 20.35%
Annual Return 2017 rr_AnnualReturn2017 16.33%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.33%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 12.58% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 05, 2011
Victory Integrity Mid-Cap Value Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.10%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.24%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 12.11% [1]
Victory Integrity Mid-Cap Value Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.05%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.14% [1]
[1] Inception date of Class A and Y Shares is July 5, 2011.
[2] 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 the section entitled Choosing a Share Class.
[3] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.00%, 0.60% and 0.75% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[4] Inception date of Class R6 is December 15, 2015.
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Victory Integrity Small-Cap Value Fund
Victory Integrity Small-Cap Value Fund
Investment Objective

The Fund seeks to provide long-term capital growth.

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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Integrity Small-Cap Value Fund
Class A
Class C
Class R
Class R6
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 the section entitled Choosing a Share Class.
[2] Applies 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 Integrity Small-Cap Value Fund
Class A
Class C
Class R
Class R6
Class Y
Management Fees 0.86% 0.86% 0.86% 0.86% 0.86%
Distribution (12b-1) Fees 0.25% 1.00% 0.50% none none
Other Expenses 0.43% 0.27% 0.53% 0.09% 0.26%
Total Annual Fund Operating Expenses 1.54% 2.13% 1.89% 0.95% 1.12%
Fee Waiver/Expense Reimbursement [1] (0.04%) none (0.14%) none none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.50% 2.13% 1.75% 0.95% 1.12%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.50% and 1.75% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Integrity Small-Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 719 1,030 1,363 2,301
Class C 316 667 1,144 2,462
Class R 178 580 1,008 2,200
Class R6 97 303 525 1,166
Class Y 114 356 617 1,363
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Integrity Small-Cap Value Fund | Class C | USD ($) 216 667 1,144 2,462
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 70% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small-capitalization companies. Small-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2000® Index ($11.7 million to $8.5 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Veracity Small-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC) (“Munder Fund”). The Fund’s performance has not been restated to reflect any differences in the expenses of the Munder Fund. The historical performance for the Munder Fund’s Class A and Y shares in the bar chart and table below for the periods prior to May 14, 2011 is that of the Class R and I shares, respectively, of the Veracity Small Cap Value Fund (the predecessor to the Munder Fund) (“Veracity Fund”). The performance for Class A and Y shares have not been restated to reflect any difference in the expenses of the Veracity Fund’s Class R and I shares, respectively. The performance for Class C and R shares in the table below for the periods prior to May 14, 2011 is the performance and inception date of the Veracity Fund’s Class I shares adjusted for differences in the applicable sales loads and Rule 12b-1 fees of these classes.

Calendar Year Returns for Class A Shares (Applicable sales loads or account fees are not reflected in the bar chart. If these amounts were reflected, returns would be less than those shown.)
Bar Chart

The year-to-date total return of the Fund's Class A shares as of September 30, 2018 was 1.91%.

 

Highest Quarter  23.78% (quarter ended June 30, 2009) 
Lowest Quarter  -21.93% (quarter ended September 30, 2011) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Integrity Small-Cap Value Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class A 5.52% 12.87% 9.17%  
Class C 10.26% 13.40% 9.08%  
Class R 11.70% 13.94% 9.58%  
Class R6 12.59% 14.75% 16.49% [1] Jun. 04, 2012
Class Y 12.35% 14.57% 10.13%  
After Taxes on Distributions | Class A 4.12% 12.48% 7.86%  
After Taxes on Distributions and Sale of Fund Shares | Class A 4.29% 10.30% 6.85%  
Russell 2000® Value Index Index returns reflect no deduction for fees, expenses, or taxes. 7.84% 13.01% 8.17%  
[1] Inception date of Class R6 is June 4, 2012.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 26 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Integrity Small-Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Integrity Small-Cap Value Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide long-term capital growth.

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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 70% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 70.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small-capitalization companies. Small-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2000® Index ($11.7 million to $8.5 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser's process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, R, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, R, R6 and Y shares of the Munder Veracity Small-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC) (“Munder Fund”). The Fund’s performance has not been restated to reflect any differences in the expenses of the Munder Fund. The historical performance for the Munder Fund’s Class A and Y shares in the bar chart and table below for the periods prior to May 14, 2011 is that of the Class R and I shares, respectively, of the Veracity Small Cap Value Fund (the predecessor to the Munder Fund) (“Veracity Fund”). The performance for Class A and Y shares have not been restated to reflect any difference in the expenses of the Veracity Fund’s Class R and I shares, respectively. The performance for Class C and R shares in the table below for the periods prior to May 14, 2011 is the performance and inception date of the Veracity Fund’s Class I shares adjusted for differences in the applicable sales loads and Rule 12b-1 fees of these classes.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class A Shares (Applicable sales loads or account fees are not reflected in the bar chart. If these amounts were reflected, returns would be less than those shown.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class A shares as of September 30, 2018 was 1.91%.

 

Highest Quarter  23.78% (quarter ended June 30, 2009) 
Lowest Quarter  -21.93% (quarter ended September 30, 2011) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 1.91%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.78%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.93%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Integrity Small-Cap Value Fund | Russell 2000® Value Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 7.84%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.01%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.17%
Victory Integrity Small-Cap Value Fund | Class A  
Risk/Return: 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 0.86%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.43%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.54%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.50% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 719
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,030
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,363
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,301
Annual Return 2008 rr_AnnualReturn2008 (31.26%)
Annual Return 2009 rr_AnnualReturn2009 33.58%
Annual Return 2010 rr_AnnualReturn2010 29.45%
Annual Return 2011 rr_AnnualReturn2011 (2.91%)
Annual Return 2012 rr_AnnualReturn2012 13.76%
Annual Return 2013 rr_AnnualReturn2013 40.65%
Annual Return 2014 rr_AnnualReturn2014 7.05%
Annual Return 2015 rr_AnnualReturn2015 (6.97%)
Annual Return 2016 rr_AnnualReturn2016 23.90%
Annual Return 2017 rr_AnnualReturn2017 11.95%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.52%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.87%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.17%
Victory Integrity Small-Cap Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.12%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.48%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.86%
Victory Integrity Small-Cap Value Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.29%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.30%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.85%
Victory Integrity Small-Cap Value Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.86%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.27%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.13%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.13% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 316
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 667
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,144
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,462
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 216
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 667
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,144
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,462
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.26%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.40%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.08%
Victory Integrity Small-Cap Value Fund | Class R  
Risk/Return: 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 0.86%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.53%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.89%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.14%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.75% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 178
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 580
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,008
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,200
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.70%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.94%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.58%
Victory Integrity Small-Cap Value Fund | Class R6  
Risk/Return: 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 0.86%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.95% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 303
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 525
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,166
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 12.59%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.75%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 16.49% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 04, 2012
Victory Integrity Small-Cap Value Fund | Class Y  
Risk/Return: 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 0.86%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.26%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.12%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.12% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 114
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 356
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 617
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,363
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 12.35%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.57%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 10.13%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.50% and 1.75% of the Fund's Class A and Class R shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
[4] Inception date of Class R6 is June 4, 2012.
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Victory Integrity Small/Mid-Cap Value Fund
Victory Integrity Small/Mid-Cap Value Fund
Investment Objective

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Integrity Small/Mid-Cap Value Fund
Class A
Class R6
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) none [1] 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 the section entitled Choosing a Share Class.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Victory Integrity Small/Mid-Cap Value Fund
Class A
Class R6
Class Y
Management Fees 0.80% 0.80% 0.80%
Distribution (12b-1) Fees 0.25% none none
Other Expenses 0.69% 0.46% 0.33%
Total Annual Fund Operating Expenses 1.74% 1.26% 1.13%
Fee Waiver/Expense Reimbursement [1] (0.61%) (0.43%) (0.25%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.13% 0.83% 0.88%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.13%, 0.83% and 0.88% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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. 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:

Expense Example - Victory Integrity Small/Mid-Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 684 1,035 1,411 2,461
Class R6 85 357 650 1,485
Class Y 90 334 598 1,352
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 77% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small- to mid-capitalization companies. Small- to mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2500® Index ($11.7 million to $29.9 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Small/Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Small/Mid-Cap Value Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -0.16%.

 

Highest Quarter  13.65% (quarter ended March 31, 2013) 
Lowest Quarter  -10.24% (quarter ended September 30, 2015) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Integrity Small/Mid-Cap Value Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
[1]
Average Annual Returns, Inception Date
Class Y 18.38% 13.73% 11.44% Jul. 05, 2011
Class A 11.30% 12.14% 10.17% Jul. 05, 2011
Class R6 18.47% 9.58% [2] Mar. 04, 2015
After Taxes on Distributions | Class Y 17.96% 13.18% 11.00%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 10.75% 10.90% 9.16%  
Russell 2500® Value Index Index returns reflect no deduction for fees, expenses, or taxes. 10.36% 13.27% 11.25%  
[1] Inception date of Class A and Class Y is July 5, 2011.
[2] Inception date of Class R6 shares is March 4, 2015.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 29 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Integrity Small/Mid-Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Integrity Small/Mid-Cap Value Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide 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 immediate 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 in Investing with the Victory Funds on page 29 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 77% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 77.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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. 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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing, under normal circumstances, at least 80% of the Fund's assets in equity securities (i.e., common stocks, preferred stocks, convertible securities and rights and warrants) of small- to mid-capitalization companies. Small- to mid-capitalization companies are those companies with market capitalizations within the range of companies included in the Russell 2500® Index ($11.7 million to $29.9 billion as of September 30, 2018). The Fund may invest up to 25% of its assets in foreign securities, including depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs).


When selecting securities to invest in, the Adviser seeks out companies that appear to be undervalued according to certain financial measurements of their intrinsic net worth or business prospects. The Adviser chooses the Fund's investments by employing a value-oriented approach that focuses on securities that offer value with improving investor sentiment. The Adviser finds these value-oriented investments by, among other things: (1) rigorously analyzing the company's financial characteristics and assessing the quality of the company's management; (2) considering comparative price-to-book, price-to-sales and price-to-cash flow ratios; and (3) analyzing cash flows to identify stocks with the most attractive potential returns.


The Adviser regularly reviews the Fund's investments and will sell securities when the Adviser believes the securities are no longer attractive because (1) a deterioration in rank of the security in accordance with the Adviser’s process, (2) of price appreciation, (3) of a change in the fundamental outlook of the company or (4) other investments available are considered to be more attractive.


From time to time, the Fund may focus its investments in companies in one or more economic sectors, including the financials sector.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Sector Risk – To the extent the Fund focuses in one or more sectors or industries, such as the financials sector, market or economic factors impacting those sectors could have a significant effect on the value of the Fund's investments and could make the Fund's performance more volatile. The values of companies in the financials sector are particularly vulnerable to economic downturns and changes in government regulation and interest rates.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Integrity Small/Mid-Cap Value Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management and sub-advised by Integrity Asset Management, LLC). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Integrity Small/Mid-Cap Value Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -0.16%.

 

Highest Quarter  13.65% (quarter ended March 31, 2013) 
Lowest Quarter  -10.24% (quarter ended September 30, 2015) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (0.16%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2013
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.65%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.24%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Integrity Small/Mid-Cap Value Fund | Russell 2500® Value Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.36%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.27%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 11.25% [1]
Victory Integrity Small/Mid-Cap Value Fund | Class A  
Risk/Return: 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 [2]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.61%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.13% [3]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 684
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,035
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,411
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,461
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.30%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.14%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.17% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 05, 2011
Victory Integrity Small/Mid-Cap Value Fund | Class R6  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.46%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.26%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.43%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.83% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 85
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 357
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 650
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,485
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.47%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 9.58% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 04, 2015
Victory Integrity Small/Mid-Cap Value Fund | Class Y  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.25%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.88% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 90
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 334
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 598
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,352
Annual Return 2012 rr_AnnualReturn2012 15.18%
Annual Return 2013 rr_AnnualReturn2013 36.56%
Annual Return 2014 rr_AnnualReturn2014 5.68%
Annual Return 2015 rr_AnnualReturn2015 (8.76%)
Annual Return 2016 rr_AnnualReturn2016 22.09%
Annual Return 2017 rr_AnnualReturn2017 18.38%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.38%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.73%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 11.44% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 05, 2011
Victory Integrity Small/Mid-Cap Value Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 17.96%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.18%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 11.00% [1]
Victory Integrity Small/Mid-Cap Value Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 10.75%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.90%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.16% [1]
[1] Inception date of Class A and Class Y is July 5, 2011.
[2] 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 the section entitled Choosing a Share Class.
[3] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 1.13%, 0.83% and 0.88% of the Fund's Class A, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[4] Inception date of Class R6 shares is March 4, 2015.
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Victory Trivalent Emerging Markets Small-Cap Fund
Victory Trivalent Emerging Markets Small-Cap Fund
Investment Objective

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Trivalent Emerging Markets Small-Cap Fund
Class A
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) none [1] 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 the section entitled Choosing a Share Class.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Victory Trivalent Emerging Markets Small-Cap Fund
Class A
Class Y
Management Fees 1.10% 1.10%
Distribution (12b-1) Fees 0.25% none
Other Expenses 2.11% 1.92%
Acquired Fund Fees and Expenses 0.02% 0.02%
Total Annual Fund Operating Expenses 3.48% 3.04%
Fee Waiver/Expense Reimbursement [1] (1.73%) (1.54%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.75% 1.50%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.73% and 1.48% of the Fund's Class A and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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. 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:

Expense Example - Victory Trivalent Emerging Markets Small-Cap Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 743 1,430 2,139 4,007
Class Y 153 794 1,461 3,247
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 93% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies in emerging markets countries, which are developing countries in the early stages of adopting capitalism. Under normal circumstances, at least 80% of the Fund's assets will be in securities of small-capitalization companies that are tied economically to emerging markets countries.


In selecting emerging market small-capitalization investments for the Fund, the Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify companies exhibiting improving business momentum and attractive valuations. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI Emerging Markets Small Cap Index and the S&P® Emerging Plus SmallCap Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend. However, the Fund is not designed to replicate the performance of either of those indexes.


The Adviser considers emerging markets countries to be the countries represented in the MSCI Emerging Markets Small Cap Index and the S&P® Emerging Plus SmallCap Index. The Adviser considers any company with a market capitalization that is within the smallest 15% (based on market capitalization) of companies from each emerging markets country to be a small-capitalization company.


The MSCI Emerging Markets Small Cap Index is designed to measure equity market performance of 24 emerging markets and targets approximately 14% of each market's free-float adjusted market capitalization. The S&P® Emerging Plus SmallCap Index consists of the bottom 15% (based on market capitalization) of companies from each country represented in the S&P® Emerging BMI plus Korea. The S&P® Emerging BMI includes companies domiciled in over 20 emerging markets countries with float-adjusted market capitalizations of at least US$100 million and annual trading liquidity of at least US$50 million.


As of the date of this prospectus, emerging market countries include, without limitation, portions of Asia, Latin America, Eastern Europe, and the Middle East/Africa, such as Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, South Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.


As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Emerging Markets Risk – The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.
  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at VictoryFunds.com.


The performance figures for Class A and Y shares and table below reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Emerging Markets Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund’s performance has not yet been restated to reflect any differences in the expenses of the Munder Emerging Markets Small-Cap Fund.

(The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)


Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -10.03%.

 

Highest Quarter  14.89% (quarter ended March 31, 2017) 
Lowest Quarter  -14.68% (quarter ended September 30, 2015) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Trivalent Emerging Markets Small-Cap Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
[1]
Average Annual Returns, Inception Date
Class Y 43.02% 9.84% Jul. 02, 2013
Class A 34.40% 8.12% Jul. 02, 2013
After Taxes on Distributions | Class Y 42.10% 9.61%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 25.24% 7.84%  
MSCI Emerging Markets Small Cap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes. 33.84% 6.70% Jul. 02, 2013
S&P® Emerging Plus Small Cap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes. 33.72% 7.29% Jul. 02, 2013
[1] Inception date of the Fund is July 2, 2013.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 32 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Trivalent Emerging Markets Small-Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Trivalent Emerging Markets Small-Cap Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 93% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 93.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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. 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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies in emerging markets countries, which are developing countries in the early stages of adopting capitalism. Under normal circumstances, at least 80% of the Fund's assets will be in securities of small-capitalization companies that are tied economically to emerging markets countries.


In selecting emerging market small-capitalization investments for the Fund, the Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify companies exhibiting improving business momentum and attractive valuations. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI Emerging Markets Small Cap Index and the S&P® Emerging Plus SmallCap Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend. However, the Fund is not designed to replicate the performance of either of those indexes.


The Adviser considers emerging markets countries to be the countries represented in the MSCI Emerging Markets Small Cap Index and the S&P® Emerging Plus SmallCap Index. The Adviser considers any company with a market capitalization that is within the smallest 15% (based on market capitalization) of companies from each emerging markets country to be a small-capitalization company.


The MSCI Emerging Markets Small Cap Index is designed to measure equity market performance of 24 emerging markets and targets approximately 14% of each market's free-float adjusted market capitalization. The S&P® Emerging Plus SmallCap Index consists of the bottom 15% (based on market capitalization) of companies from each country represented in the S&P® Emerging BMI plus Korea. The S&P® Emerging BMI includes companies domiciled in over 20 emerging markets countries with float-adjusted market capitalizations of at least US$100 million and annual trading liquidity of at least US$50 million.


As of the date of this prospectus, emerging market countries include, without limitation, portions of Asia, Latin America, Eastern Europe, and the Middle East/Africa, such as Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, South Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.


As a result of its investment strategy, the Fund may experience annual portfolio turnover in excess of 100%.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Emerging Markets Risk – The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.
  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at VictoryFunds.com.


The performance figures for Class A and Y shares and table below reflect the historical performance prior to October 31, 2014 of, respectively, the Class A and Y shares of the Munder Emerging Markets Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund’s performance has not yet been restated to reflect any differences in the expenses of the Munder Emerging Markets Small-Cap Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Narrative [Text Block] rr_BarChartNarrativeTextBlock

(The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)


Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -10.03%.

 

Highest Quarter  14.89% (quarter ended March 31, 2017) 
Lowest Quarter  -14.68% (quarter ended September 30, 2015) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (10.03%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2017
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.89%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.68%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Trivalent Emerging Markets Small-Cap Fund | MSCI Emerging Markets Small Cap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 33.84%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.70% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 02, 2013
Victory Trivalent Emerging Markets Small-Cap Fund | S&P® Emerging Plus Small Cap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 33.72%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 7.29% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 02, 2013
Victory Trivalent Emerging Markets Small-Cap Fund | Class A  
Risk/Return: 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 [2]
Management Fees rr_ManagementFeesOverAssets 1.10%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.48%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.73%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.75% [3]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 743
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,430
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,139
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 4,007
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 34.40%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 8.12% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 02, 2013
Victory Trivalent Emerging Markets Small-Cap Fund | Class Y  
Risk/Return: 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 1.10%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.92%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.04%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.54%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.50% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 153
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 794
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,461
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,247
Annual Return 2014 rr_AnnualReturn2014 1.78%
Annual Return 2015 rr_AnnualReturn2015 (6.26%)
Annual Return 2016 rr_AnnualReturn2016 3.10%
Annual Return 2017 rr_AnnualReturn2017 43.02%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 43.02%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.84% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 02, 2013
Victory Trivalent Emerging Markets Small-Cap Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 42.10%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.61% [1]
Victory Trivalent Emerging Markets Small-Cap Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 25.24%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 7.84% [1]
[1] Inception date of the Fund is July 2, 2013.
[2] 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 the section entitled Choosing a Share Class.
[3] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.73% and 1.48% of the Fund's Class A and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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Victory Trivalent International Fund - Core Equity
Victory Trivalent International Fund - Core Equity
Investment Objective

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Trivalent International Fund - Core Equity
Class A
Class C
Class I
Class R6
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 the section entitled Choosing a Share Class.
[2] Applies 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 Trivalent International Fund - Core Equity
Class A
Class C
Class I
Class R6
Class Y
Management Fees 0.80% 0.80% 0.80% 0.80% 0.80%
Distribution (12b-1) Fees 0.25% 1.00% none none none
Other Expenses 0.86% 1.81% 1.87% 0.91% 0.69%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses 1.93% 3.63% 2.69% 1.73% 1.51%
Fee Waiver/Expense Reimbursement [1] (0.96%) (1.91%) (2.07%) (1.16%) (0.79%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 0.97% 1.72% 0.62% 0.57% 0.72%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 0.95%, 1.70%, 0.60%, 0.55% and 0.70% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Trivalent International Fund - Core Equity - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 668 1,058 1,473 2,626
Class C 275 935 1,716 3,764
Class I 63 638 1,239 2,869
Class R6 58 432 830 1,944
Class Y 74 400 749 1,734
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Trivalent International Fund - Core Equity | Class C | USD ($) 175 935 1,716 3,764
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 51% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing primarily in securities of companies in countries represented in the MSCI ACWI ex USA Index, but may also invest in companies from other countries. Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities and rights and warrants).


The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI ACWI ex USA Index ("Index"), tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.


The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which may focus its exposure in one or more countries, regions or sectors. The Index captures large and mid-cap representation across 22 of 23 developed markets countries (excluding the US) and 24 emerging markets countries. The Index covers approximately 85% of the global equity opportunity set outside the US. The Fund normally invests in a minimum of ten countries.


There is no limit on the market capitalization in which the Fund may invest; therefore, the Fund's investments may include small-, mid- and large-capitalization companies.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Emerging Markets Risk – The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.
  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, I and Y shares for periods ending on or before October 31, 2014 reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I and Y shares of the Munder International Fund — Core Equity, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Fund — Core Equity.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -3.46%.

 

Highest Quarter  21.92% (quarter ended June 30, 2009) 
Lowest Quarter  -23.95% (quarter ended September 30, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Trivalent International Fund - Core Equity
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class Y 27.08% 8.47% 0.82%  
Class A 19.55% 6.95% (0.02%)  
Class C 24.83% 7.40% (0.19%)  
Class I 27.26% 8.78% 1.09%  
Class R6 27.50% 7.30% [1]   Mar. 04, 2015
After Taxes on Distributions | Class Y 25.10% 7.71% 0.27%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 16.95% 6.72% 0.82%  
MSCI ACWI ex USA Index Index returns reflect no deduction for fees, expenses, or taxes, except for withholding taxes. 27.19% 6.80% 1.84%  
[1] Inception date of Class R6 is March 4, 2015.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 35 R69.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Trivalent International Fund - Core Equity  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Trivalent International Fund - Core Equity
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 51% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 51.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing primarily in securities of companies in countries represented in the MSCI ACWI ex USA Index, but may also invest in companies from other countries. Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities and rights and warrants).


The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the MSCI ACWI ex USA Index ("Index"), tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.


The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which may focus its exposure in one or more countries, regions or sectors. The Index captures large and mid-cap representation across 22 of 23 developed markets countries (excluding the US) and 24 emerging markets countries. The Index covers approximately 85% of the global equity opportunity set outside the US. The Fund normally invests in a minimum of ten countries.


There is no limit on the market capitalization in which the Fund may invest; therefore, the Fund's investments may include small-, mid- and large-capitalization companies.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Emerging Markets Risk – The risks related to investing in foreign securities are generally greater with respect to securities of companies that conduct their business activities in emerging markets or whose securities are traded principally in emerging markets. The risks of investing in emerging markets include the risks of illiquidity, increased price volatility, smaller market capitalizations, less government regulation, less extensive and less frequent accounting, financial and other reporting requirements, risk of loss resulting from problems in share registration and custody, substantial economic and political disruptions and the nationalization of foreign deposits or assets.
  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Smaller Capitalization Stock Risk Small and mid-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, I and Y shares for periods ending on or before October 31, 2014 reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I and Y shares of the Munder International Fund — Core Equity, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Fund — Core Equity.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -3.46%.

 

Highest Quarter  21.92% (quarter ended June 30, 2009) 
Lowest Quarter  -23.95% (quarter ended September 30, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (3.46%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 21.92%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.95%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Trivalent International Fund - Core Equity | MSCI ACWI ex USA Index Index returns reflect no deduction for fees, expenses, or taxes, except for withholding taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.19%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.80%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.84%
Victory Trivalent International Fund - Core Equity | Class A  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.86%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.93%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.97% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 668
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,058
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,473
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,626
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 19.55%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.95%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (0.02%)
Victory Trivalent International Fund - Core Equity | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.81%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.63%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.91%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.72% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 275
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 935
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,716
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,764
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 175
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 935
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,716
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,764
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 24.83%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.40%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (0.19%)
Victory Trivalent International Fund - Core Equity | Class I  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.87%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.69%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.07%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.62% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 63
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 638
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,239
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,869
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.26%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 8.78%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.09%
Victory Trivalent International Fund - Core Equity | Class R6  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.91%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.73%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.16%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.57% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 58
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 432
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 830
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,944
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.50%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.30% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 04, 2015
Victory Trivalent International Fund - Core Equity | Class Y  
Risk/Return: 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 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.69%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.51%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.79%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.72% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 400
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 749
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,734
Annual Return 2008 rr_AnnualReturn2008 (47.88%)
Annual Return 2009 rr_AnnualReturn2009 21.97%
Annual Return 2010 rr_AnnualReturn2010 9.58%
Annual Return 2011 rr_AnnualReturn2011 (15.67%)
Annual Return 2012 rr_AnnualReturn2012 23.08%
Annual Return 2013 rr_AnnualReturn2013 20.42%
Annual Return 2014 rr_AnnualReturn2014 (2.23%)
Annual Return 2015 rr_AnnualReturn2015 (2.45%)
Annual Return 2016 rr_AnnualReturn2016 2.87%
Annual Return 2017 rr_AnnualReturn2017 27.08%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 27.08%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 8.47%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.82%
Victory Trivalent International Fund - Core Equity | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 25.10%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.71%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.27%
Victory Trivalent International Fund - Core Equity | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.95%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.72%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.82%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 0.95%, 1.70%, 0.60%, 0.55% and 0.70% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
[4] Inception date of Class R6 is March 4, 2015.
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Victory Trivalent International Small-Cap Fund
Victory Trivalent International Small-Cap Fund
Investment Objective

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory Trivalent International Small-Cap Fund
Class A
Class C
Class I
Class R6
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 the section entitled Choosing a Share Class.
[2] Applies 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 Trivalent International Small-Cap Fund
Class A
Class C
Class I
Class R6
Class Y
Management Fees 0.93% 0.93% 0.93% 0.93% 0.93%
Distribution (12b-1) Fees 0.25% 1.00% none none none
Other Expenses 0.38% 0.43% 0.21% 0.15% 0.26%
Acquired Fund Fees and Expenses 0.04% 0.04% 0.04% 0.04% 0.04%
Total Annual Fund Operating Expenses 1.60% 2.40% 1.18% 1.12% 1.23%
Fee Waiver/Expense Reimbursement [1] (0.21%) (0.26%) (0.19%) none (0.09%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.39% 2.14% 0.99% 1.12% 1.14%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.35%, 2.10%, 0.95%, 1.10% and 1.10% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory Trivalent International Small-Cap Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 708 1,032 1,377 2,349
Class C 317 724 1,257 2,717
Class I 101 356 631 1,415
Class R6 114 356 617 1,363
Class Y 116 381 667 1,481
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory Trivalent International Small-Cap Fund | Class C | USD ($) 217 724 1,257 2,717
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies principally in countries represented in the S&P® Developed ex-U.S. SmallCap Index ("Index").


Under normal circumstances, at least 80% of the Fund's assets will be invested in securities of small-capitalization companies. The Adviser considers any company with a market capitalization that is within such country's smallest 15% based on market capitalization to be a small-capitalization company.


The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.


The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which concentrates its exposure in one or more countries, regions or sectors. The Index consists of the stocks representing the lowest 15% of float-adjusted market capitalization in each country other than the U.S. represented in the S&P® Developed Broad Market Index (BMI). The S&P® Developed BMI includes all listed shares of companies from 24 developed countries with float-adjusted market capitalizations of at least US$100 million and annual trading value of at least US$50 million. The Fund normally invests in a minimum of ten countries.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, I, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I, R6 and Y shares of the Munder International Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Small-Cap Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.71%.

 

Highest Quarter  27.25% (quarter ended June 30, 2009) 
Lowest Quarter  -27.05% (quarter ended September 30, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory Trivalent International Small-Cap Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class Y 36.89% 14.17% 5.40%  
Class A 28.73% 12.55% 4.53%  
Class C 34.57% 13.04% 4.36%  
Class I 37.13% 14.35% 5.61%  
Class R6 36.96% 14.21% 17.17% [1] Jun. 04, 2012
After Taxes on Distributions | Class Y 36.33% 13.80% 5.22%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 21.34% 11.42% 4.40%  
S&P® Developed ex-U.S. SmallCap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes. 31.85% 11.69% 4.78%  
[1] Inception date of Class R6 is June 4, 2012.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 38 R77.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory Trivalent International Small-Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory Trivalent International Small-Cap Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide long-term growth of capital.

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 immediate 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 in Investing with the Victory Funds on page 25 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 62% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 62.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objective by investing primarily in equity securities (i.e., common stocks, depositary receipts, preferred stocks, convertible securities, rights and warrants) of companies principally in countries represented in the S&P® Developed ex-U.S. SmallCap Index ("Index").


Under normal circumstances, at least 80% of the Fund's assets will be invested in securities of small-capitalization companies. The Adviser considers any company with a market capitalization that is within such country's smallest 15% based on market capitalization to be a small-capitalization company.


The Adviser employs a bottom-up investment approach that emphasizes individual stock selection. The Adviser's investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify attractive stocks with low relative price multiples and positive trends in earnings forecasts. The stock selection process is designed to produce a diversified portfolio that, relative to the Index, tends to have a below-average price-to-earnings ratio and an above-average earnings growth trend.


The Fund's investment allocation to countries and sectors tends to approximate the country and sector allocations of the Index, which concentrates its exposure in one or more countries, regions or sectors. The Index consists of the stocks representing the lowest 15% of float-adjusted market capitalization in each country other than the U.S. represented in the S&P® Developed Broad Market Index (BMI). The S&P® Developed BMI includes all listed shares of companies from 24 developed countries with float-adjusted market capitalizations of at least US$100 million and annual trading value of at least US$50 million. The Fund normally invests in a minimum of ten countries.


The Adviser regularly reviews the Fund’s investments and will sell a security if the Adviser believes there has been a deterioration in the rank of the security in accordance with the Adviser’s process, the security’s valuation has become unattractive relative to other stocks in the universe or other available investments are considered to be more attractive.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Foreign Securities Risk – Foreign securities (including ADRs and GDRs) are subject to political, regulatory, and economic risks not present in domestic investments. Foreign securities could be affected by factors not present in the U.S., including expropriation, confiscation of property, and difficulties in enforcing contracts. Compared to U.S. companies, there generally is less publicly available information about foreign companies and there may be less governmental regulation and supervision of foreign companies. Foreign securities generally experience more volatility than their domestic counterparts. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • Investment Style Risk – Different types of investment styles, for example growth or value, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic sentiment and conditions. As a result, the Fund’s performance may at times be worse than the performance of other mutual funds that invest more broadly or that have different investment styles.
  • Liquidity Risk – Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgment of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser, may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Liquidity risk may also refer to the risk that the Fund may not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, unusually high volume of redemptions, or other reasons. To meet redemption requests or to raise cash to pursue other investment opportunities, the Fund may be forced to sell securities at an unfavorable time and/or under unfavorable conditions, which may adversely affect the Fund.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Small Capitalization Stock Risk – Small-sized companies may be subject to a number of risks not associated with larger, more established companies, potentially making their stock prices more volatile and increasing the risk of loss. Smaller companies may have limited markets, product lines, or financial resources and lack management experience and may experience higher failure rates than larger companies.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, C, I, R6 and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, C, I, R6 and Y shares of the Munder International Small-Cap Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder International Small-Cap Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.71%.

 

Highest Quarter  27.25% (quarter ended June 30, 2009) 
Lowest Quarter  -27.05% (quarter ended September 30, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (1.71%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 27.25%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.05%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory Trivalent International Small-Cap Fund | S&P® Developed ex-U.S. SmallCap Index Index returns reflect no deduction for fees, expenses, or taxes, except foreign withholding taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 31.85%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.69%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.78%
Victory Trivalent International Small-Cap Fund | Class A  
Risk/Return: 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 0.93%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.38%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.60%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.39% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 708
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,032
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,377
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,349
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 28.73%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.55%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.53%
Victory Trivalent International Small-Cap Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.93%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.43%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.40%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.14% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 317
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 724
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,257
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,717
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 217
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 724
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,257
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,717
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 34.57%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.04%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.36%
Victory Trivalent International Small-Cap Fund | Class I  
Risk/Return: 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 0.93%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.21%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.18%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.99% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 356
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 631
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,415
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 37.13%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.35%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.61%
Victory Trivalent International Small-Cap Fund | Class R6  
Risk/Return: 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 0.93%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.15%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.12%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.12% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 114
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 356
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 617
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,363
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 36.96%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.21%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 17.17% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 04, 2012
Victory Trivalent International Small-Cap Fund | Class Y  
Risk/Return: 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 0.93%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.26%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.23%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.09%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.14% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 116
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 381
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 667
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,481
Annual Return 2008 rr_AnnualReturn2008 (53.56%)
Annual Return 2009 rr_AnnualReturn2009 37.08%
Annual Return 2010 rr_AnnualReturn2010 25.26%
Annual Return 2011 rr_AnnualReturn2011 (11.81%)
Annual Return 2012 rr_AnnualReturn2012 24.07%
Annual Return 2013 rr_AnnualReturn2013 32.68%
Annual Return 2014 rr_AnnualReturn2014 (0.35%)
Annual Return 2015 rr_AnnualReturn2015 8.00%
Annual Return 2016 rr_AnnualReturn2016 (0.75%)
Annual Return 2017 rr_AnnualReturn2017 36.89%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 36.89%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.17%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.40%
Victory Trivalent International Small-Cap Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 36.33%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.80%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.22%
Victory Trivalent International Small-Cap Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 21.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.42%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.40%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("Adviser") has contractually agreed to waive its management fee and/or reimburse expenses so that the total annual operating expenses (excluding Acquired Fund Fees and Expenses and certain items such as interest, taxes and brokerage commissions) do not exceed 1.35%, 2.10%, 0.95%, 1.10% and 1.10% of the Fund's Class A, Class C, Class I, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
[4] Inception date of Class R6 is June 4, 2012.
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Victory INCORE Total Return Bond Fund
Victory INCORE Total Return Bond Fund
Investment Objective

The Fund seeks to provide a high level of current income.

Its secondary objective is 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 immediate 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 in Investing with the Victory Funds on page 16 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory INCORE Total Return Bond Fund
Class A
Class C
Class R6
Class Y
Maximum Sales Charge Imposed on Purchases (load) (as a percentage of offering price) 2.00% 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
[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 the section entitled Choosing a Share Class.
[2] Applies 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 INCORE Total Return Bond Fund
Class A
Class C
Class R6
Class Y
Management Fees 0.40% 0.40% 0.40% 0.40%
Distribution (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.46% 0.91% 0.22% 0.19%
Total Annual Fund Operating Expenses 1.11% 2.31% 0.62% 0.59%
Fee Waiver/Expense Reimbursement [1] (0.26%) (0.71%) (0.04%) none
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement [1] 0.85% 1.60% 0.58% 0.59%
[1] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 0.85%, 1.60%, 0.58% and 0.60% of the Fund's Class A, Class C, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
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 (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:

Expense Example - Victory INCORE Total Return Bond Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 285 521 775 1,502
Class C 263 653 1,171 2,591
Class R6 59 194 342 770
Class Y 60 189 329 738
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Victory INCORE Total Return Bond Fund | Class C | USD ($) 163 653 1,171 2,591
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 110% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's investment objectives by investing, under normal circumstances, at least 80% of the Fund's assets in a broad range of bonds.


The Adviser uses bond market sector allocation, yield curve positioning, and comprehensive credit analysis to select securities for the Fund. Under normal market conditions, the average duration of the Fund's portfolio is expected to be between 3 and 7 years.


Bonds, also known as fixed income securities, in which the Fund may invest include without limitation: U.S. government securities, including securities issued by agencies or instrumentalities of the U.S. government; long- and short-term corporate debt obligations; mortgage-backed securities, including collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS); asset-backed securities, including collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs); convertible bonds and notes; and U.S. dollar-denominated obligations of foreign governments, corporations and banks (i.e., Yankee Bonds).


The bonds in which the Fund will invest will generally be rated investment grade or better (Baa3 and above by Moody's Investors Service, Inc. or BBB- and above by Standard & Poor's), or if unrated, have been determined by the Adviser to be of comparable quality. The Fund may invest up to 20% of its total assets in below-investment grade debt securities, commonly known as "high yield" securities or "junk bonds."


The Fund may purchase or sell securities on a when-issued, to-be-announced (TBA), delayed delivery or forward commitment basis and may engage in short-term trading of portfolio securities. There is no limitation on the maturity of any specific security the Fund may purchase, and the Fund may sell any security before it matures. The Fund may also utilize dollar roll transactions to obtain market exposure to certain types of securities, particularly mortgage-backed securities.


The Fund may enter into exchange-traded or over-the-counter derivatives transactions of any kind, such as futures contracts (both long and short positions) and options on futures and swap contracts, including, for example, interest rate swaps and credit default swaps. The Fund also may enter into exchange-traded or over-the-counter foreign currency exchange transactions, including currency futures, forward, and options transactions. The Fund may enter into any of these transactions for a variety of purposes, including, but not limited to, hedging various risks such as credit risk, interest rate risk, currency risk, and liquidity risk; taking a net long or short position in certain investments or markets; providing liquidity in the Fund; equitizing cash; minimizing transaction costs; generating income; adjusting the Fund's sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation.


The Fund may invest in investment companies, including exchange-traded funds (ETFs), for cash management purposes or to seek exposure to a particular asset class.


Although the Fund will primarily be invested in domestic securities, up to 20% of the Fund's assets may be invested in foreign securities, which may be denominated in foreign currencies.


The Adviser regularly reviews the Fund’s investments and may sell investments when it believes they are no longer attractive due to valuation, changes in the fundamental outlook of the company or other investments are considered more attractive.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Credit Derivatives Risk – Credit default swaps can create investment leverage and may create additional investment risks that may subject the Fund to greater volatility than investments in more traditional securities.
  • Debt Securities Risk - The value of a debt security or other income-producing security changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.
  • Derivatives Risk – Derivative instruments and strategies, including futures and selling securities short, may not perfectly replicate direct investment in the security. Derivatives also entail exposure to counterparty credit risk, the risk of mispricing or improper valuation, and the risk that small price movements can result in substantial gains or losses.
  • Foreign Securities Risk – Foreign securities are subject to political, regulatory, and economic risks not present in domestic investments. In addition, when the Fund buys securities denominated in a foreign currency, there are special risks such as changes in currency exchange rates and the risk that a foreign government could regulate foreign exchange transactions. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • High-Yield/Junk Bond Risk – Lower-quality debt securities can involve a substantially greater risk of default than higher quality debt securities, and their values can decline significantly over short periods of time. Lower-quality debt securities tend to be more sensitive to adverse news about the issuer, or the market or economy in general.
  • Investment Company Risk – An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.
  • Liquidity Risk - Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgement of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Over recent years, the capacity of dealers to make markets in fixed income securities has been outpaced by the growth in the size of the fixed income markets. Liquidity risk may be magnified in a rising interest rate environment or when investor redemptions from fixed income funds may be higher than normal due to the increased supply in the market that would result from selling activity.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mortgage- and Asset-Backed Securities Risk – During periods of falling interest rates, mortgage- and asset-backed securities may be called or prepaid, which may result in the Fund having to reinvest proceeds in other investments at a lower interest rate. During periods of rising interest rates, the average life of mortgage- and asset-backed securities may extend, which may lock in a below-market interest rate, increase the security's duration, and reduce the value of the security. Enforcing rights against the underlying assets or collateral may be difficult, or the underlying assets or collateral may be insufficient if the issuer defaults.
  • Mortgage Dollar Rolls Risk – The market price of the mortgage-backed securities in a mortgage dollar roll transaction may drop below their future purchase price. In addition, investment in mortgage dollar rolls may significantly increase the Fund’s portfolio turnover rate. To the extent the Fund buys and sells securities actively, it could have higher expenses (which reduces returns to shareholders) and higher taxable distributions.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • When-Issued, TBA and Delayed Delivery Risk – The market value of a security issued on a when-issued, to-be-announced or delayed-delivery basis may change before the delivery date, which may adversely impact the Fund’s net asset value. There is also the risk that a party fails to deliver the security on time or at all.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


Performance of Class A, C and Y shares reflects the performance prior to October 31, 2014 of, respectively, the Class A, C and Y shares of the Munder Bond Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Bond Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.80%.

 

Highest Quarter  6.22% (quarter ended September 30, 2009) 
Lowest Quarter  -2.55% (quarter ended December 31, 2016) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory INCORE Total Return Bond Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class Y 4.15% 2.26% 4.25%  
Class A 1.84% 1.56% 3.77%  
Class C 2.09% 1.25% 3.21%  
Class R6 4.16% 1.77% [1]   Mar. 04, 2015
After Taxes on Distributions | Class Y 2.61% 0.74% 2.68%  
After Taxes on Distributions and Sale of Fund Shares | Class Y 2.34% 1.02% 2.63%  
Bloomberg Barclays U.S. Aggregate Bond Index Index returns reflect no deduction for fees, expenses or taxes. 3.54% 2.10% 4.01%  
[1] Inception date of Class R6 shares is March 4, 2015.

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 41 R85.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory INCORE Total Return Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory INCORE Total Return Bond Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide a high level of current income.

Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock

Its secondary objective is 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 immediate 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 in Investing with the Victory Funds on page 16 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Oct. 31, 2019
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 110% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 110.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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 (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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's investment objectives by investing, under normal circumstances, at least 80% of the Fund's assets in a broad range of bonds.


The Adviser uses bond market sector allocation, yield curve positioning, and comprehensive credit analysis to select securities for the Fund. Under normal market conditions, the average duration of the Fund's portfolio is expected to be between 3 and 7 years.


Bonds, also known as fixed income securities, in which the Fund may invest include without limitation: U.S. government securities, including securities issued by agencies or instrumentalities of the U.S. government; long- and short-term corporate debt obligations; mortgage-backed securities, including collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS); asset-backed securities, including collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs); convertible bonds and notes; and U.S. dollar-denominated obligations of foreign governments, corporations and banks (i.e., Yankee Bonds).


The bonds in which the Fund will invest will generally be rated investment grade or better (Baa3 and above by Moody's Investors Service, Inc. or BBB- and above by Standard & Poor's), or if unrated, have been determined by the Adviser to be of comparable quality. The Fund may invest up to 20% of its total assets in below-investment grade debt securities, commonly known as "high yield" securities or "junk bonds."


The Fund may purchase or sell securities on a when-issued, to-be-announced (TBA), delayed delivery or forward commitment basis and may engage in short-term trading of portfolio securities. There is no limitation on the maturity of any specific security the Fund may purchase, and the Fund may sell any security before it matures. The Fund may also utilize dollar roll transactions to obtain market exposure to certain types of securities, particularly mortgage-backed securities.


The Fund may enter into exchange-traded or over-the-counter derivatives transactions of any kind, such as futures contracts (both long and short positions) and options on futures and swap contracts, including, for example, interest rate swaps and credit default swaps. The Fund also may enter into exchange-traded or over-the-counter foreign currency exchange transactions, including currency futures, forward, and options transactions. The Fund may enter into any of these transactions for a variety of purposes, including, but not limited to, hedging various risks such as credit risk, interest rate risk, currency risk, and liquidity risk; taking a net long or short position in certain investments or markets; providing liquidity in the Fund; equitizing cash; minimizing transaction costs; generating income; adjusting the Fund's sensitivity to interest rate risk, currency risk, or other risk; replicating certain direct investments; and asset and sector allocation.


The Fund may invest in investment companies, including exchange-traded funds (ETFs), for cash management purposes or to seek exposure to a particular asset class.


Although the Fund will primarily be invested in domestic securities, up to 20% of the Fund's assets may be invested in foreign securities, which may be denominated in foreign currencies.


The Adviser regularly reviews the Fund’s investments and may sell investments when it believes they are no longer attractive due to valuation, changes in the fundamental outlook of the company or other investments are considered more attractive.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Credit Derivatives Risk – Credit default swaps can create investment leverage and may create additional investment risks that may subject the Fund to greater volatility than investments in more traditional securities.
  • Debt Securities Risk - The value of a debt security or other income-producing security changes in response to various factors, including, for example, market-related factors (such as changes in interest rates or changes in the risk appetite of investors generally) and changes in the actual or perceived ability of the issuer (or of issuers generally) to meet its (or their) obligations.
  • Derivatives Risk – Derivative instruments and strategies, including futures and selling securities short, may not perfectly replicate direct investment in the security. Derivatives also entail exposure to counterparty credit risk, the risk of mispricing or improper valuation, and the risk that small price movements can result in substantial gains or losses.
  • Foreign Securities Risk – Foreign securities are subject to political, regulatory, and economic risks not present in domestic investments. In addition, when the Fund buys securities denominated in a foreign currency, there are special risks such as changes in currency exchange rates and the risk that a foreign government could regulate foreign exchange transactions. In addition, to the extent investments are made in a limited number of countries, events in those countries will have a more significant impact on the Fund. Fluctuations in the exchange rates between the U.S. dollar and foreign currencies, currency exchange control regulations, and restrictions or prohibitions on the repatriation of foreign currencies may negatively affect an investment.
  • High-Yield/Junk Bond Risk – Lower-quality debt securities can involve a substantially greater risk of default than higher quality debt securities, and their values can decline significantly over short periods of time. Lower-quality debt securities tend to be more sensitive to adverse news about the issuer, or the market or economy in general.
  • Investment Company Risk – An investment company or similar vehicle (including an ETF) in which the Fund invests may not achieve its investment objective. Underlying investment vehicles are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. Lack of liquidity in an ETF could result in an ETF being more volatile than the underlying portfolio of securities.
  • Liquidity Risk - Lack of a ready market or restrictions on resale may limit the ability of the Fund to dispose of certain holdings quickly or at prices that represent true market value in the judgement of the Adviser. In addition, the Fund, by itself or together with other accounts managed by the Adviser may hold a position in a security that is large relative to the typical trading volume for that security, which can make it difficult for the Fund to dispose of the position at an advantageous time or price. Illiquid securities and relatively less liquid securities may also be difficult to value. Over recent years, the capacity of dealers to make markets in fixed income securities has been outpaced by the growth in the size of the fixed income markets. Liquidity risk may be magnified in a rising interest rate environment or when investor redemptions from fixed income funds may be higher than normal due to the increased supply in the market that would result from selling activity.
  • Management Risk – The portfolio manager may not execute the Fund's principal investment strategy effectively.
  • Mortgage- and Asset-Backed Securities Risk – During periods of falling interest rates, mortgage- and asset-backed securities may be called or prepaid, which may result in the Fund having to reinvest proceeds in other investments at a lower interest rate. During periods of rising interest rates, the average life of mortgage- and asset-backed securities may extend, which may lock in a below-market interest rate, increase the security's duration, and reduce the value of the security. Enforcing rights against the underlying assets or collateral may be difficult, or the underlying assets or collateral may be insufficient if the issuer defaults.
  • Mortgage Dollar Rolls Risk – The market price of the mortgage-backed securities in a mortgage dollar roll transaction may drop below their future purchase price. In addition, investment in mortgage dollar rolls may significantly increase the Fund’s portfolio turnover rate. To the extent the Fund buys and sells securities actively, it could have higher expenses (which reduces returns to shareholders) and higher taxable distributions.
  • Portfolio Turnover Risk – Higher portfolio turnover ratios resulting from additional purchases and sales of portfolio securities will generally result in higher transaction costs and Fund expenses and can lead to distribution of additional short-term capital gains to investors, which are taxed as ordinary income.
  • When-Issued, TBA and Delayed Delivery Risk – The market value of a security issued on a when-issued, to-be-announced or delayed-delivery basis may change before the delivery date, which may adversely impact the Fund’s net asset value. There is also the risk that a party fails to deliver the security on time or at all.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


Performance of Class A, C and Y shares reflects the performance prior to October 31, 2014 of, respectively, the Class A, C and Y shares of the Munder Bond Fund, a series of Munder Series Trust (the predecessor to the Fund that was managed by Munder Capital Management). The Fund's performance has not been restated to reflect any differences in the expenses of the Munder Bond Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was -1.80%.

 

Highest Quarter  6.22% (quarter ended September 30, 2009) 
Lowest Quarter  -2.55% (quarter ended December 31, 2016) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (1.80%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.22%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2016
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.55%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory INCORE Total Return Bond Fund | Bloomberg Barclays U.S. Aggregate Bond Index Index returns reflect no deduction for fees, expenses or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.54%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.10%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.01%
Victory INCORE Total Return Bond Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.00%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none [1]
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.46%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 0.85% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 285
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 521
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 775
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,502
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.84%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.56%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.77%
Victory INCORE Total Return Bond Fund | Class C  
Risk/Return: 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% [3]
Management Fees rr_ManagementFeesOverAssets 0.40%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.91%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.31%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.71%) [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.60% [2]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Applies to shares sold within 12 months of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 263
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 653
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,171
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,591
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 163
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 653
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,171
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,591
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.09%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.25%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.21%
Victory INCORE Total Return Bond Fund | Class R6  
Risk/Return: 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 0.40%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 0.58% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 194
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 342
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 770
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.16%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.77% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 04, 2015
Victory INCORE Total Return Bond Fund | Class Y  
Risk/Return: 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 0.40%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.59%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 0.59% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 60
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 189
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 329
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 738
Annual Return 2008 rr_AnnualReturn2008 0.64%
Annual Return 2009 rr_AnnualReturn2009 9.16%
Annual Return 2010 rr_AnnualReturn2010 7.53%
Annual Return 2011 rr_AnnualReturn2011 6.55%
Annual Return 2012 rr_AnnualReturn2012 7.67%
Annual Return 2013 rr_AnnualReturn2013 0.26%
Annual Return 2014 rr_AnnualReturn2014 4.92%
Annual Return 2015 rr_AnnualReturn2015 (1.52%)
Annual Return 2016 rr_AnnualReturn2016 3.66%
Annual Return 2017 rr_AnnualReturn2017 4.15%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.15%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.26%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.25%
Victory INCORE Total Return Bond Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.61%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.74%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 2.68%
Victory INCORE Total Return Bond Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.02%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 2.63%
[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 the section entitled Choosing a Share Class.
[2] Victory Capital Management Inc., the Fund's investment adviser, ("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) do not exceed 0.85%, 1.60%, 0.58% and 0.60% of the Fund's Class A, Class C, Class R6 and Class Y shares, respectively, through at least October 31, 2019. 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 the lesser of any operating expense limits in effect at the time of: (a) the original waiver or expense reimbursement; or (b) the recoupment. This agreement may only be terminated by the Fund's Board of Trustees.
[3] Applies to shares sold within 12 months of purchase.
[4] Inception date of Class R6 shares is March 4, 2015.
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Victory S&P 500 Index Fund
Victory S&P 500 Index Fund
Investment Objective

The Fund seeks to provide performance and income that is comparable to the S&P 500® Index.

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 immediate 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 in Investing with the Victory Funds on page 11 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information on page 42 of the Fund's Statement of Additional Information ("SAI").

Shareholder Fees (paid directly from your investment)
Shareholder Fees - Victory S&P 500 Index Fund
Class A
Class R
Class Y
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 2.50% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) none [1] 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 the section entitled Choosing a Share Class.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Victory S&P 500 Index Fund
Class A
Class R
Class Y
Management Fees 0.20% 0.20% 0.20%
Distribution (12b-1) Fees 0.15% 0.50% none
Other Expenses 0.20% 0.27% 0.19%
Total Annual Fund Operating Expense 0.55% 0.97% 0.39%
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 S&P 500 Index Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 305 422 550 922
Class R 99 309 536 1,190
Class Y 40 125 219 493
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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 2% of the average value of its portfolio.

Principal Investment Strategy

The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies in the S&P 500® Index ("Index"). The Index is an unmanaged index of 500 common stocks selected by Standard & Poor's as representative of a broad range of industries within the U.S. economy, including foreign securities. The Index is composed primarily of stocks issued by large-capitalization companies.


To replicate the performance of the Index, the Adviser purchases and maintains all or substantially all of the securities included in the Index, in approximately the same percentages as such securities are included in the Index. Because the Fund seeks to track the performance of the Index, the Adviser does not actively determine the stock selection or sector allocation. The percentage weighting of a particular security in the Index is determined by that security's relative total market capitalization, which is the market price per share of the security multiplied by the number of shares outstanding.


To track the Index as closely as possible, the Fund attempts to remain fully invested in stocks. The Fund normally invests at least 95% of its net assets in the stocks of companies included in the Index. The Adviser uses futures contracts to manage cash, accrued dividends and other non-performing assets in an effort to minimize performance disparity between the Fund and the Index.

Principal Risks

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Futures Contracts Risk – The Fund's use of futures contracts exposes the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not be perfect substitutes for securities.
  • Passive Investment Risk/Index Risk – The Fund is designed to track the Index and is not actively managed. The Fund will not buy or sell shares of an equity security due to current or projected performance of a security, industry or sector, unless that security is added to or removed, respectively, from the Index. The Fund does not, therefore, seek returns in excess of the Index, and does not attempt to take defensive positions or hedge against potential risks unless such defensive positions are also taken by the Index.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.
  • Tracking Risk – The Fund's return may not match the return of the Index for a number of reasons, including: the Fund incurs operating expenses not applicable to the Index, and incurs costs in buying and selling securities; the Fund may not be fully invested at times; differences in the valuation of securities; and differences between the Fund's portfolio and the Index resulting from legal restrictions, cost or liquidity constraints.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, R and Y shares of the Munder Index 500 Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any difference in the expenses of the Munder Index 500 Fund.

Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 10.28%.

 

Highest Quarter  15.83% (quarter ended June 30, 2009) 
Lowest Quarter  -22.12% (quarter ended December 31, 2008) 

 

Average Annual Total Returns (For the Periods Ended December 31, 2017)
Average Annual Returns - Victory S&P 500 Index Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class Y 21.29% 15.29% 8.03%
Class A 18.05% 14.51% 7.58%
Class R 20.57% 14.63% 7.45%
After Taxes on Distributions | Class Y 16.96% 12.54% 5.80%
After Taxes on Distributions and Sale of Fund Shares | Class Y 15.58% 11.90% 6.11%
S&P 500® Index Index returns reflect no deduction for fees, expenses, or taxes. 21.83% 15.79% 8.50%

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

XML 44 R92.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Victory S&P 500 Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Victory S&P 500 Index Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks to provide performance and income that is comparable to the S&P 500® Index.

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 immediate 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 in Investing with the Victory Funds on page 11 of the Fund's Prospectus, in Appendix A - Variations in Sales Charge Reductions and Waivers Available Through Certain Intermediaries and from your Investment Professional. You may also find information about these discounts in Additional Purchase, Exchange and Redemption Information 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 will generally indicate higher transaction costs, resulting 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. During the most recent fiscal period, the Fund's portfolio turnover rate was 2% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 2.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your immediate 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
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:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategy
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser pursues the Fund's objective by investing, under normal circumstances, at least 80% of its assets in equity securities of companies in the S&P 500® Index ("Index"). The Index is an unmanaged index of 500 common stocks selected by Standard & Poor's as representative of a broad range of industries within the U.S. economy, including foreign securities. The Index is composed primarily of stocks issued by large-capitalization companies.


To replicate the performance of the Index, the Adviser purchases and maintains all or substantially all of the securities included in the Index, in approximately the same percentages as such securities are included in the Index. Because the Fund seeks to track the performance of the Index, the Adviser does not actively determine the stock selection or sector allocation. The percentage weighting of a particular security in the Index is determined by that security's relative total market capitalization, which is the market price per share of the security multiplied by the number of shares outstanding.


To track the Index as closely as possible, the Fund attempts to remain fully invested in stocks. The Fund normally invests at least 95% of its net assets in the stocks of companies included in the Index. The Adviser uses futures contracts to manage cash, accrued dividends and other non-performing assets in an effort to minimize performance disparity between the Fund and the Index.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's investments are subject to the following principal risks:


  • Equity Risk – The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. A company's earnings or dividends may not increase as expected. Price changes may be temporary or last for extended periods.
  • Futures Contracts Risk – The Fund's use of futures contracts exposes the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not be perfect substitutes for securities.
  • Passive Investment Risk/Index Risk – The Fund is designed to track the Index and is not actively managed. The Fund will not buy or sell shares of an equity security due to current or projected performance of a security, industry or sector, unless that security is added to or removed, respectively, from the Index. The Fund does not, therefore, seek returns in excess of the Index, and does not attempt to take defensive positions or hedge against potential risks unless such defensive positions are also taken by the Index.
  • Stock Market Risk – Overall stock market risks may affect the value of the Fund. Factors such as domestic and international economic growth and market conditions, interest rate levels and political events affect the securities markets.
  • Tracking Risk – The Fund's return may not match the return of the Index for a number of reasons, including: the Fund incurs operating expenses not applicable to the Index, and incurs costs in buying and selling securities; the Fund may not be fully invested at times; differences in the valuation of securities; and differences between the Fund's portfolio and the Index resulting from legal restrictions, cost or liquidity constraints.

You may lose money by investing in the Fund. There is no guarantee that the Fund will achieve its objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or 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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund. The bar chart shows you how the Fund's calendar year performance has varied over the past 10 years (or the life of the Fund if shorter). The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance. We assume reinvestment of dividends and distributions.


Performance data for the classes varies based on differences in their fee and expense structures. The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund's website at VictoryFunds.com.


The performance figures for Class A, R and Y shares reflect the historical performance prior to October 31, 2014 of, respectively, the Class A, R and Y shares of the Munder Index 500 Fund, a series of Munder Series Trust (the predecessor to the Fund managed by Munder Capital Management). The Fund's performance has not been restated to reflect any difference in the expenses of the Munder Index 500 Fund.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow are intended to help you understand some of the risks of investing in the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress VictoryFunds.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns for Class Y Shares (The annual return in the bar chart is for the Fund's least expensive class of shares, Class Y shares. Due to differing charges and expenses, the performance of classes not shown in the bar chart will differ.)
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

The year-to-date total return of the Fund's Class Y shares as of September 30, 2018 was 10.28%.

 

Highest Quarter  15.83% (quarter ended June 30, 2009) 
Lowest Quarter  -22.12% (quarter ended December 31, 2008) 

 

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 10.28%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.83%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.12%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads The table compares the Fund’s average annual total returns of the Fund's share classes, including applicable maximum sales charges, over the same period to a broad measure of market performance.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes Index returns reflect no deduction for fees, expenses, or taxes.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

After-tax returns use the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you own your Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one share class. The after-tax returns for other classes will vary.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (For the Periods Ended December 31, 2017)
Victory S&P 500 Index Fund | S&P 500® Index Index returns reflect no deduction for fees, expenses, or taxes.  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 21.83%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.79%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.50%
Victory S&P 500 Index Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (load) (as a percentage of the lower of purchase or sale price) rr_MaximumDeferredSalesChargeOverOfferingPrice none [1]
Management Fees rr_ManagementFeesOverAssets 0.20%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.20%
Total Annual Fund Operating Expense rr_ExpensesOverAssets 0.55%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock 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 the section entitled Choosing a Share Class.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 305
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 422
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 550
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 922
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 18.05%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.51%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.58%
Victory S&P 500 Index Fund | Class R  
Risk/Return: 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 0.20%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.27%
Total Annual Fund Operating Expense rr_ExpensesOverAssets 0.97%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 99
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 309
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 536
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,190
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 20.57%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 14.63%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.45%
Victory S&P 500 Index Fund | Class Y  
Risk/Return: 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 0.20%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expense rr_ExpensesOverAssets 0.39%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 40
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 125
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 219
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 493
Annual Return 2008 rr_AnnualReturn2008 (37.31%)
Annual Return 2009 rr_AnnualReturn2009 26.43%
Annual Return 2010 rr_AnnualReturn2010 14.48%
Annual Return 2011 rr_AnnualReturn2011 1.54%
Annual Return 2012 rr_AnnualReturn2012 15.36%
Annual Return 2013 rr_AnnualReturn2013 31.72%
Annual Return 2014 rr_AnnualReturn2014 13.10%
Annual Return 2015 rr_AnnualReturn2015 0.95%
Annual Return 2016 rr_AnnualReturn2016 11.68%
Annual Return 2017 rr_AnnualReturn2017 21.29%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 21.29%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 15.29%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.03%
Victory S&P 500 Index Fund | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 16.96%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.54%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.80%
Victory S&P 500 Index Fund | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.58%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.90%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.11%
[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 the section entitled Choosing a Share Class.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Nov. 01, 2018
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