Mutual Funds

Carefully consider a fund's investment objectives, risks, charges and expenses before investing. This and other information can be found in the fund's prospectus or, if available, the summary prospectus, which may be obtained by visiting the Mutual Fund prospectus page at vcm.com. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal.

Barron’s ranked Victory Capital Management Inc. 2nd out of 49 firms for the one-year period ended December 31, 2022, and ranked 26th in the five-year period out of 49 firms, and 27th out of 47 firms for the 10-year period ended December 31, 2022. Barron’s ranked USAA Investments 26th out of 49 fund families overall for the one-year period ended December 31, 2022. Victory Capital Management Inc. ranked 8th overall out of 51 fund families for the one-year period ended December 31, 2021; 49th out of 53 firms for the one-year period ended December 31, 2020; 17th out of 55 firms for the one-year period ended December 31, 2019; 9th out of 57 firms for the one-year period ended December 31, 2018; 10th out of 58firms for the one-year period ended December 31, 2017; 21st out of 61 firms for the one-year period ended December 31, 2016; 25th out of 67 firms for the one-year period ended December 31, 2015; and 15th out of 65 firms for the one-year period ended December 31, 2014.

Victory Capital means Victory Capital Management Inc., the investment adviser of the Victory Capital mutual funds and USAA Mutual Funds. Victory Capital mutual funds and USAA Mutual Funds are distributed by Victory Capital Services, Inc. (VCS), member FINRA, an affiliate of Victory Capital. Victory Capital and its affiliates are not affiliated with United Services Automobile Association or its affiliates. USAA and the USAA logos are registered trademarks and the USAA Mutual Funds and USAA Investments logos are trademarks of United Services Automobile Association and are being used by Victory Capital and its affiliates under license.

Not FDIC Insured • May Lose Value • No Bank Guarantee