Victory 500 Index Fund Member Shares

Under typical market conditions, the fund primarily dedicates a minimum of 80% of its assets to investing in the equities of companies included in its benchmark index. To replicate the index's performance, the appointed sub-advisor endeavors to strategically distribute the fund's capital across these holdings, striving for similar proportional weightings as the index, with an initial emphasis on the companies that represent the largest portions of the index's total value.