VictoryConnect

Prospectus & Literature

The Victory Funds® are committed to providing the most comprehensive information available regarding all of our products & services. For information on a Victory Fund, click on the appropriate link below to download and view a prospectus, shareholder report or other associated fund document. You may also obtain this information by calling (800) 539-3863 or by sending an e-mail request to VictoryMail@VictoryConnect.com.

For an in-depth review of any fund including prices and standardized performance, click on the name of the fund below to go to the Fund Profile. Investors should consider the investment objectives, risks, charges and expenses of the mutual fund carefully before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.

The following documents are in PDF format.

Equity Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
Value Fund	view	view	view	view	view	view	view
Diversified Stock Fund	view	view	view	view	view	view	view
Stock Index Fund	view	view	view	view	view	view	view
Established Value Fund	view	view	view	view	view	view	view
Special Value Fund	view	view	view	view	view	view	view
Small Company Opportunity Fund	view	view	view	view	view	view	view
Large Cap Growth Fund	view	view	view	view	view	view	view
International Fund	view	view	view	view	view	view	view
International Select Fund	view	view	view	view	view	view	view
Global Equity Fund	view	view		view	view	view	view

Hybrid Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
Balanced Fund	view	view	view	view	view	view	view
Investment Grade Convertible Fund	view	view	view	view	view	view	view

Fixed Income Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
Taxable Fixed Income Funds
Core Bond Fund	view	view	view	view	view	view	view
Fund for Income	view	view	view	view	view	view	view
Tax Exempt Fixed Income Funds
National Municipal Bond Fund	view	view	view	view	view	view	view
Ohio Municipal Bond Fund	view	view	view	view	view	view	view

Money Market Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
Taxable - Traditional Money Market Funds
Prime Obligations Fund	view	view	view	view	view	view	view
Financial Reserves Fund	view	view	view	view	view	view	view
Institutional Money Market Fund	view	view	view	view	view	view	view
Taxable - Government Money Market Funds
Federal Money Market Fund	view	view	view	view	view	view	view
Government Reserves Fund	view	view	view	view	view	view	view
Tax Exempt Money Market Funds
Tax-Free Money Market Fund	view	view	view	view	view	view	view
Ohio Municipal Money Market Fund	view	view	view	view	view	view	view

Victory Institutional Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
Institutional Diversified Stock Fund	view	view	view	view	view	view	view

Victory Variable Insurance Funds	Summary Prospectus	Prospectus	Annual Report	Semi-Annual Report	Statement of Additional Information (SAI)	Fact Sheet	Portfolio Holdings
VVIF Diversified Stock Fund	Prospectus	view	view	view	view	view	view

The Funds are distributed by Victory Capital Advisers, Inc. ("VCA"), member FINRA and SIPC. VCA is a wholly owned subsidiary of KeyCorp. 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.

Please read the User Agreement and Privacy Policy.

Past performance is not indicative of future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor's shares when redeemed may be worth more or less than the original cost. Click here for returns current to most recent month-end.

Performance figures are historical and reflect the change in share price, reinvested distributions, changes in principal value, sales charges and capital gains distributions, if any. During the period shown, portions of the investment advisory and shareholder servicing fees were waived. Had these waivers not been in effect, the performance quoted would have been lower. Performance for periods of greater than one year are annualized.

Mutual funds, annuities, and other investments are:
not insured or guaranteed by the FDIC or by any other government agency or government sponsored agency of the federal government or any state
not deposits, obligations, or guaranteed by KeyCorp. or its affiliates
subject to investment risks, including possible loss of the principal amount invested

These Funds may not be available for sale in all states. Contact your investment advisor concerning if/how you can purchase these Funds. There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular company. The composition of the Fund's top holdings is subject to change.

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 investment company can be found in the fund's prospectus. To obtain a prospectus, please call 1-800.539.FUND (1.800.539.3863). Please read the prospectus carefully before investing.