Victory Growth and Tax Strategy Fund 

This fund aims to provide investors with a prudent balance, generating income that is primarily exempt from federal taxes while also pursuing long-term capital appreciation to safeguard against inflation. Its investment approach follows predefined target allocations, committing a significant portion of its assets (between 50% and 70%) to tax-advantaged fixed income securities and cash equivalents. The remaining capital, comprising 30% to 50% of the portfolio, is invested in the stocks of well-established, financially sound companies. A core objective of the fund's management is to reduce the federal income tax liabilities for its shareholders.