Victory US 500 Enhanced Volatility Wtd Index Fund 

Under normal market conditions, the fund endeavors to meet its investment goals by allocating a minimum of 80% of its capital to the common stocks of companies found in the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index. This benchmark is an unmanaged, volatility-weighted index whose maintenance is exclusively handled by Nasdaq Inc. The index's construction merges fundamental selection criteria with a strategy for controlling individual security risk, which is accomplished by adjusting the weighting of each component based on its price volatility.