The information on this site is intended only for institutional investors and consultants to separately managed account investors. It is not intended for use by or distribution to members of the general public. The information on this site is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. The information on this site is published without regard to the investment objective, financial situation or specific needs of any particular investor. The information on this site is intended for U.S. residents only and is not intended for investors in any jurisdiction in which distribution or purchase is not authorized.

Please confirm that you have read and agree to the terms above.

Thank you for your interest in Victory Capital Management. To download this document, please complete the registration form below. You will only need to complete this form one time to access site content.






  • Victory Capital may use my email to send out periodic news, announcements, and product information.

*All fields are required
Submit

Victory US 500 Enhanced Volatility Wtd Index Fund

Grey_header
Please note: Effective June 1, 2018, the Victory US 500 Enhanced Volatility Wtd Index Fund is generally closed to new investors. For more information, please see the prospectus.

FUND OBJECTIVE

The Fund seeks to provide investment results that track the performance of the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index (the “Long/Cash Index”) before fees and expenses.

INDEX DESCRIPTION
The Long/Cash Index tactically reduces its exposure to the equity markets during periods of significant market declines and reinvests when market prices have further declined or rebounded. The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index is based on the month-end price of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index (the “Reference Index”).

LONG/CASH METHODOLOGY
The exit and reinvestment methodology of the Long/Cash Index is based on the month-end value of the Reference Index relative to its All-Time Highest Daily Closing Value (“AHDCV”). AHDCV is the highest daily closing price the Reference Index has achieved since its inception date.

Exit Strategy:
All measurements for the exit strategy are based on month-end values of the Reference Index.
• If the Reference Index has declined 10% (or more) from its AHDCV, the Long/Cash Index will liquidate 75% of its equity exposure at month-end.
• When the Long/Cash Index is less than 100% invested in its equity securities, the remaining assets in the Long/Cash Index will be invested in 30-day Treasury bills (or equivalents).

Reinvestment Strategy:
All measurements for re-investment are based upon month-end values of the
Reference Index.
• If the Reference Index has increased back to or above the point of exit (10% decline from AHDCV), the assets that were liquidated will be reinvested, resulting in the Long/Cash Index being 100% invested in equity securities.
• If the Reference Index has declined further and is now 20% or more below the Reference Index’s AHDCV, 25% of the Long/Cash Index will be reinvested back in its equity securities. The Long/Cash Index will then be approximately 50% invested in equity securities.
• If the Reference Index has declined further and is now 30% or more below the Reference Index’s AHDCV, another 25% of the Long/Cash Index will be reinvested in its equity securities. The Long/Cash Index will then be approximately 75% invested in equity securities.
• If the Reference Index has declined further and is now 40% or more below the Reference Index’s AHDCV, another 25% of the Long/Cash Index will be reinvested in its equity securities. The Long/Cash Index will then be approximately 100% invested in equity securities.
 

 
 
{{::item.name}}
{{::category }} N/A {{::item.data[categoryIndex] | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::item.name}}
{{::category}} {{::item.data[categoryIndex] | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::item.name}}
{{::category }} {{::item.data[categoryIndex] | number:2}}
Class {{::item.name}}
{{::info.category}} {{::info.itemData | number}} {{::netRatio[categoryIndex].itemData | number}}
Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than their original cost. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than that cited. 

Class A performance quoted "with maximum sales load" reflects the current maximum sales charge of 5.75%. The sales load on Class C shares is deferred and will be charged if you redeem shares within one year of purchase. The contingent deferred sales load is 1.00% of the purchase or sale price of the shares, whichever is less. Please read the prospectus carefully for more information on sales charges as they do not apply in all cases and, if applied, are reduced for larger purchases. Any sales charges are in addition to the Fund's fees and expenses as detailed in the Fund's most current prospectus. The performance quoted at NAV or "without sales load" does not reflect any sales charge. If a sales charge were included, the performance stated above would be lower. 

Total return figures reflect an expense limitation in effect during the periods shown; without such limitation, the performance shown would have been lower. Performance results assume the reinvestment of dividends and capital gains.


The Adviser has contractually agreed to waive a portion of its management fee and/or reimburse certain expenses through at least October 31, 2018. The Adviser is permitted to recoup fees waived/expenses reimbursed for up to 3 years after the fiscal year in which the waiver/reimbursement took place, subject to certain limitations. Please read the prospectus for details.

Returns are average annual total returns, except those for periods of less than one year, which are cumulative.

Alpha is the excess return of a fund relative to the return of a benchmark index. Beta is a measure of the volatility, or systematic risk, of a security or portfolio relative to the market or a benchmark. R-Squared (R2 ) is a statistical measure that represents the percentage of a fund’s or security’s movements that can be explained by movements in a benchmark index. Information Ratio is a measure of the value added per unit of active risk by a manager over the benchmark. Sharpe Ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. Standard deviation is a measure of the dispersion of a set of data from its mean. Source: Zephyr

The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index reduces its exposure to the equity markets during periods of significant market declines and reinvests when market prices have further declined or rebounded. The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index is based on the month end price of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index. The S&P 500® Index is a market capitalization-weighted index composed of the common stocks of 500 leading U.S. companies

An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit the prospectus page. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal. There is no guarantee that the Fund will achieve its objective. Strategies intended to hedge risk may be partly or wholly unsuccessful. The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. The Fund may be subject to liquidity risk if the Advisor is not able to acquire or sell underlying securities held by the Fund at a price that is acceptable to the Advisor. Indexes are unmanaged statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. Find out more about the background of this firm on FINRA's BrokerCheck.

Victory Capital Management Inc., an affiliate of VCA, is the investment advisor to the Funds and receives a fee from the Funds for its services.
 
The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Victory Capital will not accept subscriptions from any investor who is not a U.S. resident and who approaches Victory Capital as a result of having visited this website.

Not a Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

(As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info}}
View Quarterly Holdings Total % of Portfolio: {{::portfolioPercent}}%

(As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info}}
View Quarterly Holdings Total % of Portfolio: {{::portfolioPercent}}%
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}}
{{::info | number:2}}
N/A
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number:2}}
{{::cashObj.name}} {{::cashInfo | number:2}}
{{::etfObj.name}} {{::etfInfo | number:2}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number:2}}
{{::cashObj.name}} {{::cashInfo | number:2}}
{{::etfObj.name}} {{::etfInfo | number:2}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number:2}}
{{::cashObj.name}} {{::cashInfo | number:2}}
{{::etfObj.name}} {{::etfInfo | number:2}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number}}
{{::cashObj.name}} {{::cashInfo | number:2}}
{{::etfObj.name}} {{::etfInfo | number:2}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} 100.00
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::item.name}}
{{::category }} {{::item.data[categoryIndex] | number}}
(As of {{::asOf | date:"MM/dd/yyyy"}}) {{::category}}
{{::item.name}} {{::info | number}}
Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

Holdings are subject to change.

Characteristics
Weighted average market cap is the average market capitalization of all companies in a portfolio with each company weighted according to its percent of the portfolio.  EPS is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. Long-Term Debt/Capitalization is an indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder's equity. Average Price/Book Ratio: Compares a stock’s market value to the value of total assets less total liabilities (book value). Avg Price/Earnings Ratio (Last 12 Months & Next 12 Months) shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by earnings per share for the relevant 12 month period. Earnings per share for the P/E ratio are determined by dividing earnings for the relevant 12 month period by the number of common shares outstanding. Return on Equity is net income divided by common equity. A measure of how well a company used reinvested earnings to generate additional earnings. Turnover ratio is the percentage of a mutual fund or other investment's holdings that have been replaced in a given year, which varies by the type of mutual fund, its investment objective and/or the portfolio manager's investing style. Source: FactSet Research Systems, Inc. 

Target metrics reflect our stated goals and are not absolute limits as these are affected by various factors like market fluctuations.
Percentage allocations listed above may not sum to 100% due to rounding methodology. 
 
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit the prospectus page. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal. There is no guarantee that the Fund will achieve its objective. Strategies intended to hedge risk may be partly or wholly unsuccessful. The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. The Fund may be subject to liquidity risk if the Advisor is not able to acquire or sell underlying securities held by the Fund at a price that is acceptable to the Advisor. Indexes are unmanaged statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. Find out more about the background of this firm on FINRA's BrokerCheck.

Victory Capital Management Inc., an affiliate of VCA, is the investment advisor to the Funds and receives a fee from the Funds for its services.
 
The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Victory Capital will not accept subscriptions from any investor who is not a U.S. resident and who approaches Victory Capital as a result of having visited this website.
 
 
Mannik Dhillon

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In this role, he leads and oversees the firm’s exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory’s strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm’s acquisition strategy.

Prior to joining Victory Capital in 2015, Mr. Dhillon served as a Managing Director and Head of Manager Research with Wilshire Associates. While there, he led the team responsible for evaluating asset managers for inclusion in Wilshire’s multi-manager portfolios. He was also in charge of leading strategic consulting engagements for Wilshire. Mr. Dhillon has a strong background on the institutional consulting side of the business, where he spent nine years as a manager research and defined contribution consultant with Hewitt before joining Wilshire in 2010.

Mr. Dhillon earned his Bachelor of Business Administration degree in finance from the University of Georgia. He holds the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations.

Stephen Hammers

Stephen Hammers serves as Chief Portfolio Strategist for VictoryShares. In this role, he is focused on the continued growth of the firm’s rules-based investment solutions. Mr. Hammers supports the firm’s sales efforts by providing strategic beta insights and education to professional investors and clients. Having pioneered the firm’s volatility-weighted methodology, he also acts as a senior advisor to research and development initiatives at VictoryShares.

Mr. Hammers began his career with Merrill Lynch & Co. in early 1995. In 2003, he founded Trinity Planning & Consulting and joined forces with Compass in 2005 to form Compass EMP (acquired by Victory Capital in April 2015).

Mr. Hammers holds a B.S. in Aerospace from Middle Tennessee State University. He has also earned his Certified Investment Management Analyst® (CIMA®) certification sponsored by IMCA. Mr. Hammers is a member of the Investment Management Consultants Association.

Fees & Expenses

Annual Fund Operating Expenses

{{::category}}
{{::item.name}} {{::info | percentage:2}}

Minimum Investment

{{::category}}
{{::item.name}} {{::info | currency}}

Calculate Expenses

Amount Invested($):
Calculate
Please enter a valid numeric value
{{::category}}
{{::item.name}} {{::info | currency}}

Fund Downloads

Fact Sheet
Please note: Effective June 1, 2018, the Victory US 500 Enhanced Volatility Wtd Index Fund is generally closed to new investors. For more information, please see the prospectus.

FUND OBJECTIVE

The Fund seeks to provide investment results that track the performance of the Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index (the “Long/Cash Index”) before fees and expenses.

INDEX DESCRIPTION
The Long/Cash Index tactically reduces its exposure to the equity markets during periods of significant market declines and reinvests when market prices have further declined or rebounded. The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index is based on the month-end price of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index (the “Reference Index”).

LONG/CASH METHODOLOGY
The exit and reinvestment methodology of the Long/Cash Index is based on the month-end value of the Reference Index relative to its All-Time Highest Daily Closing Value (“AHDCV”). AHDCV is the highest daily closing price the Reference Index has achieved since its inception date.

Exit Strategy:
All measurements for the exit strategy are based on month-end values of the Reference Index.
• If the Reference Index has declined 10% (or more) from its AHDCV, the Long/Cash Index will liquidate 75% of its equity exposure at month-end.
• When the Long/Cash Index is less than 100% invested in its equity securities, the remaining assets in the Long/Cash Index will be invested in 30-day Treasury bills (or equivalents).

Reinvestment Strategy:
All measurements for re-investment are based upon month-end values of the
Reference Index.
• If the Reference Index has increased back to or above the point of exit (10% decline from AHDCV), the assets that were liquidated will be reinvested, resulting in the Long/Cash Index being 100% invested in equity securities.
• If the Reference Index has declined further and is now 20% or more below the Reference Index’s AHDCV, 25% of the Long/Cash Index will be reinvested back in its equity securities. The Long/Cash Index will then be approximately 50% invested in equity securities.
• If the Reference Index has declined further and is now 30% or more below the Reference Index’s AHDCV, another 25% of the Long/Cash Index will be reinvested in its equity securities. The Long/Cash Index will then be approximately 75% invested in equity securities.
• If the Reference Index has declined further and is now 40% or more below the Reference Index’s AHDCV, another 25% of the Long/Cash Index will be reinvested in its equity securities. The Long/Cash Index will then be approximately 100% invested in equity securities.
 

 
 
Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit the prospectus page. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal. There is no guarantee that the Fund will achieve its objective. Strategies intended to hedge risk may be partly or wholly unsuccessful. The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. The Fund may be subject to liquidity risk if the Advisor is not able to acquire or sell underlying securities held by the Fund at a price that is acceptable to the Advisor. Indexes are unmanaged statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), memberFINRA and SIPCFind out more about the background of this firm on FINRA's BrokerCheck.

The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Victory Capital will not accept subscriptions from any investor who is not a U.S. resident and who approaches Victory Capital as a result of having visited this website.  

 

Annualized Returns

{{::category}}
{{::item.name}} N/A {{::info | number:2}}

Risk Measures

(As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info | number:2}}

Calendar Year Returns

(As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info | number}}

Annual Expenses

(As of 11/01/2018)

{{::category}}
Gross Expense Ratio (%) {{::info.itemData | number}}
Net Expense Ratio (%) {{::info.itemData | number}}
Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than their original cost. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than that cited. 

Class A performance quoted "with maximum sales load" reflects the current maximum sales charge of 5.75%. The sales load on Class C shares is deferred and will be charged if you redeem shares within one year of purchase. The contingent deferred sales load is 1.00% of the purchase or sale price of the shares, whichever is less. Please read the prospectus carefully for more information on sales charges as they do not apply in all cases and, if applied, are reduced for larger purchases. Any sales charges are in addition to the Fund's fees and expenses as detailed in the Fund's most current prospectus. The performance quoted at NAV or "without sales load" does not reflect any sales charge. If a sales charge were included, the performance stated above would be lower. 

Total return figures reflect an expense limitation in effect during the periods shown; without such limitation, the performance shown would have been lower. Performance results assume the reinvestment of dividends and capital gains.


The Adviser has contractually agreed to waive a portion of its management fee and/or reimburse certain expenses through at least October 31, 2018. The Adviser is permitted to recoup fees waived/expenses reimbursed for up to 3 years after the fiscal year in which the waiver/reimbursement took place, subject to certain limitations. Please read the prospectus for details.

Returns are average annual total returns, except those for periods of less than one year, which are cumulative.

Alpha is the excess return of a fund relative to the return of a benchmark index. Beta is a measure of the volatility, or systematic risk, of a security or portfolio relative to the market or a benchmark. R-Squared (R2 ) is a statistical measure that represents the percentage of a fund’s or security’s movements that can be explained by movements in a benchmark index. Information Ratio is a measure of the value added per unit of active risk by a manager over the benchmark. Sharpe Ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. Standard deviation is a measure of the dispersion of a set of data from its mean. Source: Zephyr

The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index reduces its exposure to the equity markets during periods of significant market declines and reinvests when market prices have further declined or rebounded. The Nasdaq Victory US Large Cap 500 Long/Cash Volatility Weighted Index is based on the month end price of the Nasdaq Victory US Large Cap 500 Volatility Weighted Index. The S&P 500® Index is a market capitalization-weighted index composed of the common stocks of 500 leading U.S. companies

An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit the prospectus page. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal. There is no guarantee that the Fund will achieve its objective. Strategies intended to hedge risk may be partly or wholly unsuccessful. The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. The Fund may be subject to liquidity risk if the Advisor is not able to acquire or sell underlying securities held by the Fund at a price that is acceptable to the Advisor. Indexes are unmanaged statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. Find out more about the background of this firm on FINRA's BrokerCheck.

Victory Capital Management Inc., an affiliate of VCA, is the investment advisor to the Funds and receives a fee from the Funds for its services.
 
The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Victory Capital will not accept subscriptions from any investor who is not a U.S. resident and who approaches Victory Capital as a result of having visited this website.

Not a Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

Characteristics (As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}}
{{::info | number:2}}
N/A

Characteristics (As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info}}

Characteristics (As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info | number}}

Duration Schedule (%) (As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}} {{::info | number}}

Quality Structure (%) (As of {{::asOf | date:"MM/dd/yyyy"}})

{{::category}}
{{::item.name}}

GNMA securities are backed by the same full faith and credit guarantee offered by U.S. Treasury securities which is an unconditional commitment to pay interest and principal on debt. This guarantee applies only to the underlying securities in the Fund and not to the Victory Fund for Income.

100.00

Average Life Structure (%) (As of {{::asOf | date:"MM/dd/yyyy"}})

Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

Holdings are subject to change.

Characteristics
Weighted average market cap is the average market capitalization of all companies in a portfolio with each company weighted according to its percent of the portfolio.  EPS is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. Long-Term Debt/Capitalization is an indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder's equity. Average Price/Book Ratio: Compares a stock’s market value to the value of total assets less total liabilities (book value). Avg Price/Earnings Ratio (Last 12 Months & Next 12 Months) shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by earnings per share for the relevant 12 month period. Earnings per share for the P/E ratio are determined by dividing earnings for the relevant 12 month period by the number of common shares outstanding. Return on Equity is net income divided by common equity. A measure of how well a company used reinvested earnings to generate additional earnings. Turnover ratio is the percentage of a mutual fund or other investment's holdings that have been replaced in a given year, which varies by the type of mutual fund, its investment objective and/or the portfolio manager's investing style. Source: FactSet Research Systems, Inc. 

Target metrics reflect our stated goals and are not absolute limits as these are affected by various factors like market fluctuations.
Percentage allocations listed above may not sum to 100% due to rounding methodology. 
 
An investor should consider the fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the fund can be found in the fund’s prospectus, or, if applicable, the summary prospectus. To obtain a copy, visit the prospectus page. Read the prospectus carefully before investing.

All investing involves risk, including potential loss of principal. There is no guarantee that the Fund will achieve its objective. Strategies intended to hedge risk may be partly or wholly unsuccessful. The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions. The Fund may be subject to liquidity risk if the Advisor is not able to acquire or sell underlying securities held by the Fund at a price that is acceptable to the Advisor. Indexes are unmanaged statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. Find out more about the background of this firm on FINRA's BrokerCheck.

Victory Capital Management Inc., an affiliate of VCA, is the investment advisor to the Funds and receives a fee from the Funds for its services.
 
The information on this website is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer. Victory Capital will not accept subscriptions from any investor who is not a U.S. resident and who approaches Victory Capital as a result of having visited this website.
 
 

Mannik S. Dhillon, CFA, CAIA

President, VictoryShares and Solutions

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In this role, he leads and oversees the firm’s exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory’s strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm’s acquisition strategy.

Prior to joining Victory Capital in 2015, Mr. Dhillon served as a Managing Director and Head of Manager Research with Wilshire Associates. While there, he led the team responsible for evaluating asset managers for inclusion in Wilshire’s multi-manager portfolios. He was also in charge of leading strategic consulting engagements for Wilshire. Mr. Dhillon has a strong background on the institutional consulting side of the business, where he spent nine years as a manager research and defined contribution consultant with Hewitt before joining Wilshire in 2010.

Mr. Dhillon earned his Bachelor of Business Administration degree in finance from the University of Georgia. He holds the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations.

Stephen Hammers, CIMA

Chief Portfolio Strategist, VictoryShares

Stephen Hammers serves as Chief Portfolio Strategist for VictoryShares. In this role, he is focused on the continued growth of the firm’s rules-based investment solutions. Mr. Hammers supports the firm’s sales efforts by providing strategic beta insights and education to professional investors and clients. Having pioneered the firm’s volatility-weighted methodology, he also acts as a senior advisor to research and development initiatives at VictoryShares.

Mr. Hammers began his career with Merrill Lynch & Co. in early 1995. In 2003, he founded Trinity Planning & Consulting and joined forces with Compass in 2005 to form Compass EMP (acquired by Victory Capital in April 2015).

Mr. Hammers holds a B.S. in Aerospace from Middle Tennessee State University. He has also earned his Certified Investment Management Analyst® (CIMA®) certification sponsored by IMCA. Mr. Hammers is a member of the Investment Management Consultants Association.




Effective June 1, 2018, the name of this fund changed from Victory CEMP US 500 Enhanced Volatility Wtd Index Fund to Victory US 500 Enhanced Volatility Wtd Index Fund.

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fees & Expenses

Annual Fund Operating Expenses

{{::category}}
{{::item.name}} {{::info | percentage:2}}

Minimum Investment

{{::category}}
{{::item.name}} {{::info | currency}}

Calculate Expenses

Amount Invested($):
Calculate
Please enter a valid numeric value
{{::category}}
{{::item.name}} {{::info | currency}}