X0101 EFFECT 33 LIVE 2014-07-24 17:00:00

N-14

0000802716 VICTORY PORTFOLIOS 333-196661 0000802716 VICTORY PORTFOLIOS S000046391 Victory Munder Total Return Bond Fund C000144969 Class A 0001214511 MUNDER SERIES TRUST S000002736 Munder Bond Fund C000007490 Class A 0000802716 VICTORY PORTFOLIOS S000046391 Victory Munder Total Return Bond Fund C000144969 Class A 0001214511 MUNDER SERIES TRUST S000002736 Munder Bond Fund C000007491 Class B 0000802716 VICTORY PORTFOLIOS S000046391 Victory Munder Total Return Bond Fund C000144970 Class C 0001214511 MUNDER SERIES TRUST S000002736 Munder Bond Fund C000007492 Class C 0000802716 VICTORY PORTFOLIOS S000046391 Victory Munder Total Return Bond Fund C000144971 Class Y 0001214511 MUNDER SERIES TRUST S000002736 Munder Bond Fund C000007488 Class Y 0000802716 VICTORY PORTFOLIOS S000046391 Victory Munder Total Return Bond Fund C000144971 Class Y 0001214511 MUNDER SERIES TRUST S000002736 Munder Bond Fund C000007489 Class K 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144972 Class A 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007458 Class A 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144972 Class A 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007459 Class B 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144973 Class C 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007460 Class C 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144974 Class R 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007461 Class R 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144975 Class R6 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000115440 Class R6 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144976 Class Y 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007456 Class Y 0000802716 VICTORY PORTFOLIOS S000046392 Victory Munder Mid-Cap Core Growth Fund C000144976 Class Y 0001214511 MUNDER SERIES TRUST S000002729 Munder Mid-Cap Core Growth Fund C000007457 Class K 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144977 Class A 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007484 Class A 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144977 Class A 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007485 Class B 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144978 Class C 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007486 Class C 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144979 Class R 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007487 Class R 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144980 Class R6 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000115441 Class R6 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144981 Class Y 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007482 Class Y 0000802716 VICTORY PORTFOLIOS S000046393 Victory Integrity Small-Cap Value Fund C000144981 Class Y 0001214511 MUNDER SERIES TRUST S000002735 Munder Veracity Small-Cap Value Fund C000007483 Class K 0000802716 VICTORY PORTFOLIOS S000046394 Victory Munder Emerging Markets Small-Cap Fund C000144982 Class A 0001214511 MUNDER SERIES TRUST S000041382 Munder Emerging Markets Small-Cap Fund C000128357 Class A Shares 0000802716 VICTORY PORTFOLIOS S000046394 Victory Munder Emerging Markets Small-Cap Fund C000144983 Class Y 0001214511 MUNDER SERIES TRUST S000041382 Munder Emerging Markets Small-Cap Fund C000128359 Class Y Shares 0000802716 VICTORY PORTFOLIOS S000046395 Victory Munder Growth Opportunities Fund C000144984 Class A 0001214511 MUNDER SERIES TRUST S000002747 Munder Growth Opportunities Fund C000007536 Class A 0000802716 VICTORY PORTFOLIOS S000046395 Victory Munder Growth Opportunities Fund C000144984 Class A 0001214511 MUNDER SERIES TRUST S000002747 Munder Growth Opportunities Fund C000007537 Class B 0000802716 VICTORY PORTFOLIOS S000046395 Victory Munder Growth Opportunities Fund C000144985 Class C 0001214511 MUNDER SERIES TRUST S000002747 Munder Growth Opportunities Fund C000007538 Class C 0000802716 VICTORY PORTFOLIOS S000046395 Victory Munder Growth Opportunities Fund C000144986 Class R 0001214511 MUNDER SERIES TRUST S000002747 Munder Growth Opportunities Fund C000007539 Class R 0000802716 VICTORY PORTFOLIOS S000046395 Victory Munder Growth Opportunities Fund C000144987 Class Y 0001214511 MUNDER SERIES TRUST S000002747 Munder Growth Opportunities Fund C000007534 Class Y 0000802716 VICTORY PORTFOLIOS S000046396 Victory Munder Index 500 Fund C000144988 Class A 0001214511 MUNDER SERIES TRUST S000002743 Munder Index 500 Fund C000007516 Class A 0000802716 VICTORY PORTFOLIOS S000046396 Victory Munder Index 500 Fund C000144988 Class A 0001214511 MUNDER SERIES TRUST S000002743 Munder Index 500 Fund C000007517 Class B 0000802716 VICTORY PORTFOLIOS S000046396 Victory Munder Index 500 Fund C000144989 Class R 0001214511 MUNDER SERIES TRUST S000002743 Munder Index 500 Fund C000007518 Class R 0000802716 VICTORY PORTFOLIOS S000046396 Victory Munder Index 500 Fund C000144990 Class Y 0001214511 MUNDER SERIES TRUST S000002743 Munder Index 500 Fund C000007514 Class Y 0000802716 VICTORY PORTFOLIOS S000046396 Victory Munder Index 500 Fund C000144990 Class Y 0001214511 MUNDER SERIES TRUST S000002743 Munder Index 500 Fund C000007515 Class K 0000802716 VICTORY PORTFOLIOS S000046397 Victory Integrity Mid-Cap Value Fund C000144991 Class A 0001214511 MUNDER SERIES TRUST S000033184 Munder Integrity Mid-Cap Value Fund C000102134 Class A 0000802716 VICTORY PORTFOLIOS S000046397 Victory Integrity Mid-Cap Value Fund C000144992 Class Y 0001214511 MUNDER SERIES TRUST S000033184 Munder Integrity Mid-Cap Value Fund C000102135 Class Y 0000802716 VICTORY PORTFOLIOS S000046398 Victory Integrity Small/Mid-Cap Value Fund C000144993 Class A 0001214511 MUNDER SERIES TRUST S000033183 Munder Integrity Small/Mid-Cap Value Fund C000102132 Class A 0000802716 VICTORY PORTFOLIOS S000046398 Victory Integrity Small/Mid-Cap Value Fund C000144994 Class Y 0001214511 MUNDER SERIES TRUST S000033183 Munder Integrity Small/Mid-Cap Value Fund C000102133 Class Y 0000802716 VICTORY PORTFOLIOS S000046399 Victory Munder International Fund-Core Equity C000144995 Class A 0001214511 MUNDER SERIES TRUST S000018756 Munder International Fund - Core Equity C000051905 Class A 0000802716 VICTORY PORTFOLIOS S000046399 Victory Munder International Fund-Core Equity C000144996 Class C 0001214511 MUNDER SERIES TRUST S000018756 Munder International Fund - Core Equity C000051906 Class C 0000802716 VICTORY PORTFOLIOS S000046399 Victory Munder International Fund-Core Equity C000144997 Class I 0001214511 MUNDER SERIES TRUST S000018756 Munder International Fund - Core Equity C000051908 Class I 0000802716 VICTORY PORTFOLIOS S000046399 Victory Munder International Fund-Core Equity C000144998 Class Y 0001214511 MUNDER SERIES TRUST S000018756 Munder International Fund - Core Equity C000051907 Class Y 0000802716 VICTORY PORTFOLIOS S000046400 Victory Munder International Small-Cap Fund C000144999 Class A 0001214511 MUNDER SERIES TRUST S000018757 Munder International Small-Cap Fund C000051909 Class A 0000802716 VICTORY PORTFOLIOS S000046400 Victory Munder International Small-Cap Fund C000145000 Class C 0001214511 MUNDER SERIES TRUST S000018757 Munder International Small-Cap Fund C000051910 Class C 0000802716 VICTORY PORTFOLIOS S000046400 Victory Munder International Small-Cap Fund C000145001 Class I 0001214511 MUNDER SERIES TRUST S000018757 Munder International Small-Cap Fund C000051912 Class I 0000802716 VICTORY PORTFOLIOS S000046400 Victory Munder International Small-Cap Fund C000145002 Class R6 0001214511 MUNDER SERIES TRUST S000018757 Munder International Small-Cap Fund C000115442 Class R6 0000802716 VICTORY PORTFOLIOS S000046400 Victory Munder International Small-Cap Fund C000145003 Class Y 0001214511 MUNDER SERIES TRUST S000018757 Munder International Small-Cap Fund C000051911 Class Y 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145004 Class A 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007452 Class A 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145004 Class A 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007453 Class B 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145005 Class C 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007454 Class C 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145006 Class R 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007455 Class R 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145007 Class Y 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007450 Class Y 0000802716 VICTORY PORTFOLIOS S000046401 Victory Integrity Micro-Cap Equity Fund C000145007 Class Y 0001214511 MUNDER SERIES TRUST S000002728 Munder Micro-Cap Equity Fund C000007451 Class K