Victory Value Fund Stock

Victory Value Fund (the Fund) seeks to provide long-term growth of capital and dividend income. The Fund pursues its investment objective by investing primarily in a diversified group of equity securities with an emphasis on companies with above average total return potential. The securities in the Fund usually are listed on a national exchange. The Fund will invest at least 80% of its net assets in equity securities and securities convertible or exchangeable into common stock. The Fund's investment adviser and administrator is Victory Capital Management Inc. Citi Fund Services Ohio, Inc. serves as the Fund's sub-administrator, sub-fund accountant, transfer agent and dividend disbursing agent.