Victory Portfolios

06/05/2026 | Press release | Distributed by Public on 06/05/2026 13:47

Summary Prospectus by Investment Company (Form 497K)

Victory Portfolios

Victory Integrity Small-Cap Value Fund

Class A, Class C, Class R, Class R6, and Class Y

Supplement dated June 5, 2026

to the Prospectus and Summary Prospectus dated November 1, 2025

The Portfolio Management table found on page 20 of the Prospectus and page 6 of the Summary Prospectus is hereby deleted and replaced with the following:

Title

Tenure with the Fund

Daniel G. Bandi, CFA

Chief Investment Officer

Since 2004

Daniel J. DeMonica, CFA

Senior Portfolio Manager

Since 2004

Adam I. Friedman

Senior Portfolio Manager

Since 2004

Joe A. Gilbert, CFA

Portfolio Manager

Since 2004

J. Bryan Tinsley, CFA

Portfolio Manager

Since 2004

Michael P. Wayton

Portfolio Manager

Since 2018

If you wish to obtain more information, please call the Victory Funds at 800-539-3863.

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

34282-00-0626


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