Individual Retirement Accounts

Victory Funds® offers several individual retirement accounts that provide potential tax and compounding benefits. With all the Victory Funds IRAs you'll have easy access to account information by phone or online and you'll receive a monthly statement and quarterly newsletter.

The initial investment minimum for each IRA is $1,000 and there is a $15 annual maintenance fee for your Victory Fund IRA.

• Traditional IRA
• Roth IRA
• Rollover IRA
• Coverdell Education Savings Account
• SEP IRA

Traditional IRA

The Victory Funds Traditional IRA is a personal retirement savings plan that offers:

• The ability to contribute up to $5,000¹ for tax year 2010, or 100% of your earned income, whichever is less, until you reach the age 70½ (Contribution Income Limits Apply).
• Tax-deferred earnings and potential current year tax deductions on your contributions.²
• The ability to withdraw funds without IRS penalty prior to age 59 ½ for certain qualifying expenses such as the purchase of a first home or higher education (income taxes will apply).
• Catch-Up Contributions: Anyone age 50 and older may make an additional "catch-up" contribution in the amount of $1,000¹for tax year 2010 (for a total of $6,000).
• Click here to open a Traditional IRA.

The minimum initial investment for a Traditional IRA is $1,000.

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Roth IRA

The Victory Funds Roth IRA is a personal retirement savings plan that offers:

• The ability to contribute up to $5,000¹ for tax year 2010, or 100% of your earned income, whichever is less (Contribution Income Limits apply).
• Withdrawal of accumulated earnings tax- and penalty-free after your account has been open for five years and you have reached age 59 ½ or if you are using the money for a first time home purchase, disability, or upon death.
• No minimum required distributions at age 70 ½.
• Catch-Up Contributions: Anyone age 50 and older may make an additional "catch-up" contribution in the amount of $1,000¹ for tax year 2010 (for a total of $6,000).
• Click here to open a Roth IRA.

The minimum initial investment for a Roth IRA is $1,000.

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Rollover IRA

The Victory Funds Rollover IRA is a type of Traditional IRA that is funded with money that has been distributed to you from an employer-sponsored qualified retirement plan. It offers:

• Continued tax-deferral on your retirement savings.
• No contribution limit - money that you have accumulated in a qualified employer retirement plan can be rolled over regardless of the amount.
• Greater opportunity to withdraw money from your IRA than from an employer plan (you are still subject to income taxes and potential penalty taxes).
• Two ways of establishing:
  • You take receipt of your distribution and roll it over within 60 days (your employer must withhold 20% of your distribution for income taxes).
  • You instruct your employer to make the distribution check payable to Victory Funds.
• Click here to open a Rollover IRA.

The minimum initial investment for a Rollover IRA is $1,000.

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Coverdell Education Savings Account

The Victory Funds Coverdell Education Savings Account is a college savings plan that offers:

• The ability to contribute up to $2,000 each year for any child under age 18, as long as you meet certain income requirements (each child's total contribution from all sources cannot exceed $2,000 annually).
• Withdrawal of earnings and contributions tax-free for qualifying expenses. The following education-related costs are considered qualified:
  • Tuition, fees, books, supplies, etc.
  • Room and board, but the beneficiary must be at least a half-time student
  • Uniforms, transportation, extended day programs for elementary school students, etc.
  • Special services in the case of a special needs student
  • Computer equipment, software or Internet access used by the student
• The potential ability to roll over the account into a Coverdell Education Savings Account for another family member .
• The ability to make contributions for the previous year at any time up to and including your tax filing deadline, not including extensions.
• Click here to open a Coverdell Education Savings Account.

The minimum initial investment for a Coverdell Education Savings Account is $1,000.

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SEP IRA

A SEP IRA allows a business to contribute to IRAs for the benefit of all eligible employees. It is solely employer funded. The contribution is a tax deduction for the business and the employee does not pay taxes on the contribution or the earnings until the funds are withdrawn.

Generally, the contribution amount is expressed as a percentage of pay. It must be applied equally to all eligible employees.

The biggest advantage of the SEP IRA is this: no complicated government reporting required by the employer.

A Victory Funds SEP IRA offers:

• Easy to understand paperwork
• Either A or R* shares to best suit your needs
• Online access to account information
• Monthly statements
• Quarterly newsletters

The minimum initial investment for a SEP IRA is $1,000.

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* Class R shares are not subject to an initial sales charge or a contingent deferred sales charge, but have a Rule 12b-1 fee. Class R shares are available only to select investors as described in the Fund's Prospectus. Historical performance figures for Class R shares restate the original Class G shares and include current fund expenses as though in effect from the Fund's inception.

¹The $5,000 contribution limit and $1,000 catch-up contribution can be split between traditional and Roth IRAs.

²Contributions to a traditional IRA may or may not be deductible from income depending on modified adjusted gross income. Please consult your tax advisor.

General tax information provided. Please consult with your tax advisor for how it would apply to you.