X0101 EFFECT 33 LIVE 2021-03-19 09:07:00

N-14

0000802716 VICTORY PORTFOLIOS 333-253069 0000802716 VICTORY PORTFOLIOS 0000878719 ADVISORS' INNER CIRCLE FUND S000036642 THB Asset Management MicroCap Fund C000112013 Institutional Class Shares 0000802716 VICTORY PORTFOLIOS 0000878719 ADVISORS' INNER CIRCLE FUND S000036642 THB Asset Management MicroCap Fund C000112014 Investor Class Shares